Empowers west-central Minnesota communities by providing funding, economic planning, business loans, and technical assistance to foster sustainable regional development.
Empowers west-central Minnesota communities by providing funding, economic planning, business loans, and technical assistance to foster sustainable regional development.
For fiscal year 2025 it reported $16.0M in revenue, $11.8M in expenses, and $94.2M in net assets.Pt I
Grants paid & assets · FY2025
Total revenue
$16.0M
Pt VIII · Ln 12
Total expenses
$11.8M
Pt IX · Ln 25
Net assets
$94.2M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $4.2M
Where spending went · Part IX cols B–D
78%
13%
Program services $0.78 Management & general $0.13 Fundraising $0.09
Program efficiency
78%
of spending reaches programs▼ -4% vs prior filing year
Operating runway
88.5mo
months of highly liquid reserves at operating expense rate▲ +13% vs prior filing year
Surplus margin
+26%
revenue over expenses, this year▲ +210% vs prior filing year
Summary of the Filing
Part I · fiscal year 2025 · Form 990
Revenue
$16.0M
FY2025▲ +64%
$16.5M$8.2M$0
FY2021FY2025
Expenses
$11.8M
FY2025▼ -3%
$12.1M$6.0M$0
FY2021FY2025
Total assets
$96.5M
FY2025▲ +9%
$96.5M$48.2M$0
FY2021FY2025
Total liabilities
$2.3M
FY2025▲ +22%
$2.3M$1.1M$0
FY2021FY2025
Total revenue
$16.0M
Pt VIII · Ln 12
Total expenses
$11.8M
Pt IX · Ln 25
Net assets
$94.2M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$4.2M
Total assetsPt X · Ln 16$96.5M
Program-expense ratioPt IX · col B78%
Voting members of governing bodyPt I · Ln 315
Independent voting membersPt I · Ln 415
Mission & Programs · Part III
Where the work happens
3 program services account for $9.2M of program spending, described in the organization's own filed words · FY2024.
01
Community and Foundation Grantmaking
As a community foundation, one of our roles is to establish and manage dedicated permanent funds that address specific charitable purposes. We call these funds "component funds" because they are part of our mission and asset valuation. In FY25, we added 14 new component funds to our portfolio.
$6.8Mprogram expense
02
Programs and Outreach
Our early childhood initiative is a network of parents, educators, businesses, community leaders, faith leaders, and policymakers joined in a long-term effort to prioritize the care and development of young children.
$1.7Mprogram expense
03
Planning and Economic Development
Through our planning, lending, and technical assistance work, we partner with regional leaders to create vibrant, sustainable, and welcoming communities for all. As the federally designated planning organization for the region through the U.S.
Anna Wasescha’s $201K as President
is at the 33rd percentile of top reported officer pay among 658 $10–100M philanthropy & grantmaking nonprofits.
Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 5 named individuals · Part VII
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
Individual Anna Wasescha · Reported title PRESIDENT · Highest reported compensation $201K · Total expenses $11.8M
2%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $2.9M · Total expenses $11.8M
25%
Peer comparison
Same NTEE category, revenue band, and state where available. Descriptive — not a grade.
Metric
This org
Peer median
Percentile
Program ratio
78%
—
—
Overhead ratio
13%
—
—
Fundraising cost ratio
10%
—
—
Revenue growth
64%
—
—
Legal fee ratio
0%
—
—
Accounting fee ratio
0%
—
—
Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.
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Sources
Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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