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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 2020. Filed on May 17, 2021.

405 First Street SE
205
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 2020 IRS Form 990 filing, Initiative Foundation, a 501(c)(3) charitable organization, reported compensation for 4 out of 28 total employees. Among the employees shown here, the average compensation is $160,064. The highest compensated employee at Initiative Foundation is Matt Varilek with fiscal year 2020 compensation of $229,084.

Revenue, expenses, and employee compensation

Revenue

$21,753,358

Expenses

$15,318,248

Employee compensation

$2,449,232
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Matt Varilek
President
$229,084
$199,701 No related comp$29,383
Lynn Bushinger
Coo/Cfo/Treasurer
$143,402
$119,830 No related comp$23,572
Don Hickman
Vice President for Community and Workforce Developme
$143,285
$124,963 No related comp$18,322
Jeff Wig
Vice President for Entrepreneurship
$124,484
$117,427 No related comp$7,057

Benchmark Employee Compensation

Non-Employee Board Members

Brett Anderson
Trustee
Charles Black Lance
Trustee
Dan Weber
Trustee
David Monroy
Trustee
Jessica Bitz
Trustee
Joe Nayquonabe Jr
Trustee
Julie Nelson
Trustee
Kim Ellingson
Vice Chair and Trustee
Kristi Westbrock
Trustee
Rick Bauerly
Trustee
Robbyn Wacker
Trustee
Santo Cruz
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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