Initiative Foundation

Community development organization based in Little Falls, MN. 34 employees. Exempt under §501(c)(3).

MissionTO EMPOWER PEOPLE TO BUILD THRIVING COMMUNITIES AND A VIBRANT REGION ACROSS CENTRAL MINNESOTA.

EIN
36-3451562
State
MN
Sector
Community development
Budget band
$10M–$25M
Latest filing
TY 2024
Records
3 officers · 6 years

Financial snapshot · TY 2024

$15.2M
Total revenue
$15.7M
Total expenses
$114.7M
Net assets

Financial health · TY 2024

82
Strong financial health
Composite score out of 100 based on reserve ratio, program efficiency, and revenue diversification.
Reserve ratio
100
44.2 months of expenses
Program efficiency
91
86.3% spent on programs
Revenue diversity
28
Mix of program fees, grants & contributions

Leadership compensation

$193,885
44th percentile vs. peers
Don Hickman
VP FOR COMMUNITY & WORKFORCE (FORMER)
$175,907
54th percentile vs. peers
$148,258
51th percentile vs. peers

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Initiative Foundation Executive Compensation | 990 Data | DoubleNine