Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Sep 1975.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
86 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
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Who runs it and what they're paid
26 people listed on the 990; $249K paid to officers and key staff.
Compensation history total reportable pay by year · 6 named individuals · Part VII
| Name | FY2024 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Nancy Zallek | $128,911 | $113,080 | $95,859 | $88,221 | $82,965 | — |
| Ashley Eimer | $105,976 | $97,432 | $26,654 | — | — | — |
| Joan Untiedt | — | — | — | $88,408 | $85,740 | $65,242 |
| Zallek Nancy | — | — | — | — | — | $78,844 |
| Samantha Spicer | $76,464 | $74,218 | $64,169 | — | — | — |
| Maureen Gustafson | — | — | — | $72,472 | — | — |
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.
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Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
Programs and updates
Connects donors with local causes and provides grants, consulting services, and strategic partnerships to strengthen nonprofits and enhance community livability in the Greater Mankato area.
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The Foundation made grants from its Community Fund, along with designated and donor advised funds to enrich the livability and vibrancy of the Greater Mankato area. In addition, the Consultant in Residency Fund has given support to nonprofit organizations that are serving the escalating needs of our communities by providing access to a…
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Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2022 990, line by line.
Download 990
| Line | Start FY22 | End FY22 |
|---|---|---|
| Cash and savingsLn 1–2 | $871K | $1.2M |
| InvestmentsLn 11–13 | $24.1M | $23.6M |
| Land, buildings, equipmentLn 10c | $2.0M | $2.0M |
| Total assetsLn 16 | $27.6M | $27.1M |
| LiabilitiesLn 26 | $3.9M | $4.1M |
| Net assetsLn 32 | $23.6M | $23.0M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $2.5M | $2.5M | ||
| Pay of current officers, directors and key staffLn 5 | $333K | $140K | $92K | $101K |
| Other salaries and wagesLn 7 | $87K | $51K | $27K | $10K |
| Pension plan contributionsLn 8 | $2K | $1K | $803 | |
| Other employee benefitsLn 9 | $10K | $6K | $5K | |
| Payroll taxesLn 10 | $25K | $13K | $8K | $4K |
| Accounting feesLn 11c | $15K | $15K | ||
| Investment management feesLn 11f | $84K | $84K | ||
| Advertising and promotionLn 12 | $25K | $5K | $10K | $10K |
| Office expensesLn 13 | $10K | $6K | $2K | $2K |
| Information technologyLn 14 | $16K | $772 | $8K | $7K |
| OccupancyLn 16 | $34K | $34K | ||
| Conferences, conventions and meetingsLn 19 | $4K | $4K | ||
| Depreciation, depletion and amortizationLn 22 | $63K | $63K | ||
| InsuranceLn 23 | $7K | $7K | ||
| Other expenses (24a–d)Ln 24 | $40K | $26K | $595 | $14K |
| All other expensesLn 24e | $10K | $4K | $3K | $3K |
| Total functional expensesLn 25 | $3.3M | $2.8M | $326K | $150K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 | $7.1M | $5.3M | $1.9M | $29.9M | 990 PDF |
| FY2023 | $5.8M | $4.4M | $1.4M | $25.9M | 990 PDF |
| FY2022 Viewing | $6.3M | $3.3M | $2.9M | $23.0M | 990 PDF |
| FY2021 | $3.9M | $2.7M | $1.2M | $23.6M | 990 PDF |
| FY2020 | $3.8M | $2.1M | $1.7M | $19.0M | 990 PDF |
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Schedules filed Part IV
See the full FY2022 990 (4 parts)
Part VIII · Statement of revenue $6,256,215 across 8 lines filed
Part IX · Statement of functional expenses $3,308,376 across 17 lines filed
Part X · Balance sheet $27,051,711 assets, 14 lines filed
Part XI · Reconciliation of net assets $22,991,690 net assets at year end
Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File
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