Overview
What is Southwest Initiative Foundation?
The Southwest Initiative Foundation is a nonprofit organization dedicated to fostering connections, investing in innovative ideas, and constructing thriving communities. With a diverse 12-member board of directors, the foundation ensures representation from various geographic locations, professions, races, ethnicities, and backgrounds. Its integrated approach to community impact, economic development, and philanthropy aims to create stronger, more resilient communities across the board.
Official website here: www.swifoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97% (Four-Star out of Four Star rating) from Charity Navigator.
The Southwest Initiative Foundation has received an impressive Four-Star rating from Charity Navigator, indicating a high level of financial accountability and transparency. This score is particularly notable as it reflects the organization’s commitment to responsible financial management rather than a combination of multiple metrics. With a perfect score in Accountability & Finance, the foundation demonstrates strong governance practices and meticulous oversight of its financial operations.
Strengths of the foundation include an independent board composed entirely of non-affiliated members, as well as a comprehensive set of policies regarding conflict of interest and whistleblower protections, ensuring ethical conduct and accountability. Furthermore, the foundation enjoys a solid financial position, with a low liabilities-to-assets ratio and high program expense ratio, indicating that the majority of its funds are directed towards its mission-driven programs rather than administrative costs.
No significant limitations were noted in the data, reflecting positively on the foundation's operational practices. Overall, the Southwest Initiative Foundation sets a strong example in the nonprofit sector for efficient and ethical financial management, making it a trustworthy choice for donors looking to support impactful initiatives.
This AI summary has been generated from information found on Charity Navigator.
Is Southwest Initiative Foundation legitimate?
Southwest Initiative Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Southwest Initiative Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $491,149
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,330,118
For more financial information, click here
Official website here: www.swifoundation.org
What is the mission statement of Southwest Initiative Foundation?
The Southwest Initiative Foundation plays a pivotal role in connecting individuals, supporting innovative concepts, and fostering community development. With a diverse board of 12 volunteers, the organization bridges gaps and promotes equitable progress. Through a synchronized approach, its community impact, economic development, and philanthropy efforts aim to strengthen communities.
Official website here: www.swifoundation.org
Who is the CEO of Southwest Initiative Foundation?
Scott Marquardt is the President/Ceo of Southwest Initiative Foundation. The CEO's salary of Southwest Initiative Foundation is $174,139 and their total compensation is $208,921.
Official website here: www.swifoundation.org
What is the revenue of Southwest Initiative Foundation?
Southwest Initiative Foundation's revenue in 2022 was $19,655,047.
Official website here: www.swifoundation.org
Who are the executives of Southwest Initiative Foundation and what are their salaries?
The average compensation at Southwest Initiative Foundation during 2022 was $70,049. There are 26 employees and 300 volunteers at Southwest Initiative Foundation.
Here are 15 key members and their salaries (Southwest Initiative Foundation's CEO's salary is $174,139 and their total compensation is $208,921):
- Compensation: $174,139
- Related: $0
- Other: $34,782
- Compensation: $123,505
- Related: $0
- Other: $5,521
- Compensation: $115,004
- Related: $0
- Other: $22,850
- Compensation: $3,718
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Compensation: $0
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- Other: $0
Official website here: www.swifoundation.org
Where can I find the form 990 for Southwest Initiative Foundation?
Southwest Initiative Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.swifoundation.org
Learn more at the official website: www.swifoundation.org
Mission Statement of Southwest Initiative Foundation
The Southwest Initiative Foundation, with its mission, takes on the role of connecting people, investing in innovative concepts, and contributing to community development. Based in Minnesota, this organization boasts a 12-member volunteer board, whose diverse backgrounds, ethnicities, professions, and geographic locations mirror the communities they serve.
The Southwest Initiative Foundation's approach to creating stronger communities is threefold: community impact, economic development, and philanthropy. By connecting people, they facilitate collaborations and partnerships that address local challenges and foster growth. Investing in ideas involves providing financial support and resources to projects and initiatives that have the potential to positively impact their communities. Lastly, building communities is achieved through their various programs and grants, which contribute to the overall development and improvement of the areas they serve.
The foundation's volunteer board members play an integral role in shaping the organization's vision and ensuring it remains responsive to the needs of the communities they serve. Their comprehensive approach allows for a more holistic and sustainable impact on the local regions, ultimately contributing to the well-being and progress of the people within them.
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Impact
October, 2024
The Southwest Initiative Foundation creates significant impact by connecting individuals and groups, investing in innovative ideas, and fostering community development. With its diverse 12-member volunteer board, the foundation ensures that a wide array of perspectives is represented, which enhances its community engagement and responsiveness. Through a comprehensive approach that intertwines community impact, economic development, and philanthropy, the foundation actively works to strengthen communities across Hutchinson, MN, and beyond. Its initiatives not only address immediate needs but also empower individuals and organizations to collaborate, leading to sustainable growth and improvement in the quality of life for residents.
This information is meant to be a general summary of Southwest Initiative Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $7,328,558
- Program Service Revenue: $717,847
- Gross Receipts: $46,908,103
Assets and Liabilities:
- Total Assets: $100,435,349
- Total Liabilities: $10,788,300
- Net Assets: $89,647,049
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOAN INTEREST INCOME
Revenue
$662,742
OTHER PROGRAM INCOME
Revenue
$44,744
LOAN ADMIN FEES
Revenue
$10,361
Organization Details
Founding Year
1986
Phone
(320) 587-4848Principal Officer
Scott Marquardt
Main Address
15 3RD AVE NW, HUTCHINSON, MN, 55350
Website
www.swifoundation.orgNTEE Category
Code: S400 - Community improvement
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