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Northwest Minnesota Foundation
Northwest Minnesota Foundation reported $11.1 million in revenue and $10.1 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $73.66 went to program services, $15.36 to management and general costs and $10.98 to fundraising. Its largest source of revenue was contributions and grants: 48.9% of the total. Government grants made up 13.9%. The highest compensation it reported for one person was $205,483 (PRESIDENT). 6 people received more than $100,000 in reportable compensation. Revenue rose 45% between FY2020 and FY2025. Source: Form 990, FY2025.
Where $100 of spending went
The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $10MFor context, the median across 185 covered public & societal benefit charities: $88.81 programs, $11.18 management, $0.01 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $11MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 73.7% | 84.9% |
| Management & general Part IX 25(C) ÷ 25(A) | 15.4% | 10.7% |
| Fundraising Part IX 25(D) ÷ 25(A) | 11.0% | 0.0% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.21 | $0.01 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 48.9% | 83.8% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 13.9% | 0.0% |
| Program service revenue share Part VIII 2g ÷ 12 | 5.5% | 3.2% |
| Highest reported compensation Part VII-A, columns D–F | $205,483 | $357,133 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 2.02% | 1.52% |
| People paid over $100,000 Part VII, line 2 | 6 | 12 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 124.1 | 10.5 |
| Independent voting board members Part VI 1a–1b | 12 of 12 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
FY2025 · Form 990, Part III · the three largest programs by expenseThe Northwest Minnesota Foundation (nmf) demonstrated remarkable commitment and impact throughout fiscal year 2025, fostering growth, connectivity, and community well-being in the region. This comprehensive summary encompasses the cumulative results of nmf activities and services, showcasing a diverse range of initiatives aimed at philanthropy, business support, and mission-driven grants.philanthropy: component, community, and scholarship funds: nmf's philanthropic efforts played a central role in shaping the region's socio-economic landscape. The foundation dispersed a substantial total of…
Business loans and support: nmf's commitment to economic development manifested in robust support for small businesses, with a cumulative total of $1.53m approved across 75 loans throughout the fiscal year. Loan programs include sba microloans: strategic use of the small business administration (sba) microloan program facilitated economic growth. Emerging entrepreneur loan program: this program supported a business in polk county, contributing to the economic vibrancy of the region
Mission-driven grants - nmf mission-driven grants were pivotal in addressing societal challenges and promoting community resilience, with a cumulative total of $1.34m (py $4.15m) approved throughout fiscal year 2025. Training and education grants: supporting nonprofit organizations capacity-building initiatives, conferences, programming, and consultant services for board and staff development. Dei grants: promoting diversity, equity, and inclusion. Homelessness grants: supporting transportation services for families to area shelters as needed. Housing grants: supporting market research and…
Highest reported compensation
FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| PRESIDENT Officer, 40.00 hrs/week | $195,698 | $0 | $9,785 | $205,483 |
| SENIOR VP OF FINANCE AND ADMIN. Highest compensated employee, 40.00 hrs/week | $139,050 | $0 | $9,067 | $148,117 |
| VP OF OPERATIONS Highest compensated employee, 40.00 hrs/week | $133,432 | $0 | $9,785 | $143,217 |
| CONTROLLER Highest compensated employee, 40.00 hrs/week | $119,474 | $0 | $7,168 | $126,642 |
| SVP OF PHILANTHROPY Highest compensated employee, 40.00 hrs/week | $109,416 | $0 | $9,529 | $118,945 |
| DIRECTOR OF PROGRAMS Highest compensated employee, 40.00 hrs/week | $106,261 | $0 | $9,242 | $115,503 |
6 people received more than $100,000 in reportable compensation from Northwest Minnesota Foundation (Part VII, line 2). Compensation of current officers, directors and key employees totaled $211K (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b12 · 12 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 531
- Volunteers Part I, line 6970
Largest outside contractors
FY2025 · Form 990, Part VII, Section B · businesses only| COMPASS CAPITAL MANAGEMENT INC Investment management services | $178,370 |
Individuals listed as contractors are left out. 1 contractors were paid more than $100,000 in all.
Private foundation grants it received
9 private foundations reported grants to Northwest Minnesota Foundation totaling $1.9M on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from Northwest Minnesota Foundation's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Northwest Minnesota Foundation, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 Northwest Minnesota Foundation spent in FY2025, $73.66 went to programs. The full breakdown, from its IRS Form 990:
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All public & societal benefit charities · Largest charities in Minnesota
Questions people ask
How much of Northwest Minnesota Foundation's spending goes to programs?
In the fiscal year ending June 30, 2025, Northwest Minnesota Foundation reported that 73.7% of its $10.1 million in expenses went to program services, 15.4% to management and general and 11.0% to fundraising (Form 990, Part IX).
How much does Northwest Minnesota Foundation pay its top executive?
The largest total compensation Northwest Minnesota Foundation reported for one person in the fiscal year ending June 30, 2025 was $205,483, for the role of PRESIDENT (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Northwest Minnesota Foundation get its money?
Of $11.1 million in revenue in the fiscal year ending June 30, 2025, 48.9% came from contributions and grants (including 13.9% from government grants) and 5.5% from program service revenue (Form 990, Part VIII).
Is Northwest Minnesota Foundation a registered charity?
The IRS lists EIN 41-1556013 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- FY2025: Form 990 for the fiscal year ending June 30, 2025, object 202600649349300545 · read the filing · XML
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202520979349300522 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202441359349309484 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202340239349301409 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202240079349300114 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202131379349301878 · read the filing
All filings for EIN 41-1556013: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.