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Compensation 990 is an independent service that uses public IRS Form 990 filings as its source data. We clean and standardize this information, but the original filings may contain errors or omissions. Years on this site refer to the organization’s fiscal year end date on the filing.

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Organizations Community Improvement & Capacity Building Initiative Foundation

Initiative Foundation

Fiscal year ending 2016. Filed on May 15, 2017.

405 First Street SE
Refuge 17076 293rd Ave
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 2016 IRS Form 990 filing, Initiative Foundation, a 501(c)(3) charitable organization, reported compensation for 2 out of 41 total employees. Among the employees shown here, the average compensation is $161,156. The highest compensated employee at Initiative Foundation is Kathy Gaalswyk with fiscal year 2016 compensation of $195,714.

Revenue, expenses, and employee compensation

Revenue

$6,922,150

Expenses

$5,948,697

Employee compensation

$2,286,379
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Kathy Gaalswyk
President
$195,714
$177,743 No related comp$17,971
Lynn Bushinger
Coo/Cfo/Treasurer
$126,597
$108,776 No related comp$17,821

Benchmark Employee Compensation

Non-Employee Board Members

Charles Black Lance
Trustee
David Monroy
Trustee
Earl Potter
Trustee
John E Babcock
Vice Chair and Trustee
John J Babcock
Trustee
Kim Ellingson
Trustee
Larry Korf
Trustee Chair
Linda Eich Desjardins
Trustee
Pat Gorham
Trustee
Reggie Clow
Trustee
Rick Bauerly
Trustee
Steve Shurts
Trustee

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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Southern Minnesota Initiative Foundation
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