Initiative Foundation

Fiscal year ending 2024. Filed on October 15, 2025.

405 First Street SE
Refuge
Little Falls, Minnesota 56345

Initiative Foundation (EIN: 36-3451562) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2024 IRS Form 990 filing, Initiative Foundation, a 501(c)(3) charitable organization, reported compensation for 3 out of 34 total employees. Among the employees shown here, the average compensation is $172,683. The highest compensated employee at Initiative Foundation is Brian Voerding with fiscal year 2024 compensation of $193,885.

Revenue, expenses, and employee compensation

Revenue

$15,215,240

Expenses

$15,713,243

Employee compensation

$3,179,522
Revenue, expenses, and employee compensation over time

Mission Statement

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

Revisions to this organization profile

October 15, 2025:
2024 Initiative Foundation 990 filed
September 16, 2024:
2023 Initiative Foundation 990 filed
June 12, 2023:
2022 Initiative Foundation 990 filed

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