47
Initiative Foundation
Community Development · Little Falls, Minnesota
405 1St St Se, Little Falls, MN 56345-3007
EIN: 363451562· Founded: Aug 1986· 40 years active· Filing Year: 2023
Annual Revenue
$10.0M
Total Expenses
$9.4M
Total Assets
$109.0M
Program Spending
9%
of expenses go to programs
Compensation & Payroll
Total Officer Compensation
$839K
9.0% of total expenses
All officers, directors, and key employees combined
Other Salaries & Wages
$1.4M
Total Payroll
$2.2M
24% of total expenses
Where the Money Goes
9%
Programs: 9%
Payroll: 24%
Other overhead: 91%
Program Revenue$804K (8%)
Total Expenses$9.4M (93%)
Payroll$2.2M (24%)
Overhead (non-program)91%
Trust Score Breakdown
Program Spending Ratio
9% of expenses go to programs
Revenue & Stability
$10.0M annual revenue
Executive Compensation
$839K total officer comp (9.0% of expenses)
Filing Recency
Most recent filing: 2023
Asset Strength
$109.0M in assets
Data from IRS Form 990 filing (2023). Trust scores are calculated from public financial data and do not constitute endorsement or investment advice.