NORTHWEST MINNESOTA COMMUNITY IMPACT CORPORATION Charity Report

Public IRS 990 nonprofit record

NORTHWEST MINNESOTA COMMUNITY IMPACT CORPORATION

EIN 92-2203589 · Small Business Development (S43)

What they do

NMCICS MISSION is to PROVIDE CAPITAL for COMMUNITY REVITALIZATION.THE NORTHWEST MINNESOTA COMMUNITY IMPACT CORPORATION WAS FORMED to EXPAND NORTHWEST MINNESOTA FOUNDATIONS MISSION IN BUILDING BETTER LIVES for EVERYONE IN THE NORTHWEST MINNESOTA REGION. THE NMCIC ALLOWS for FINANCING and EXPERTISE to BETTER SERVE THE COMMUNITIES and INDIVIDUALS WHO HAVE BEEN HISTORICALLY UNDERSERVED. THE NMCIC SUPPORTS A MORE PURPOSEFUL APPROACH IN THE COMMUNITIES and POPULATIONS THAT HAVE HAD DIFFICULT TIME ACCESSING FUNDING and CONTINUE SUPPORTING COMMUNITY REVITALIZATION. SINCE 1996, THE NORTHWEST MINNESOTA FOUNDATION HAS BEEN A CERTIFIED CDFI, A COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION, THROUGH THE U.S. DEPARTMENT of THE TREASURY. THE PROGRAM PROVIDES FINANCING INTENDED to SUPPORT COMMUNITY REVITALIZATION. THE CREATION of THE NMCIC ALLOWS THE ORGANIZATION to CONTINUE OUR WORK AS A CDFI WITH A DIFFERENT APPROACH.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $100.00 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders16 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

32.71%of revenue went to mission work100.0% of expenses · Program services

$32.71spent for every $100 of revenueRevenue covered expenses this year.

$7.85in assets for every $1 spent this yearSome assets cannot be spent right away.

96.2%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $9,785 for KAREN WHITE (PRESIDENT). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$311,726

Mission workProgram services$101,95832.71% of revenue100.0% of expenses

ManagementOffice and general costs0.00% of revenue0.0% of expenses

FundraisingAsking for donations0.00% of revenue0.0% of expenses

Revenue left after expensesReported annual surplus$209,76867.29% of revenueShown in gray on the chart

Total expenses$101,95832.71% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 100.0% mission · 0.0% management · 0.0% fundraisingTotal expenses: 32.71% of revenue

2023Expense mix: 100.0% mission · 0.0% management · 0.0% fundraisingTotal expenses: 911.58% of revenue

Money in and money out

Revenue$311,726

Expenses$101,958

Annual surplus $209,768 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$101,958 · 100.0% of expenses

See all reported dollar amounts

Revenue$311,726

Expenses$101,958

Assets$800,677

Income$311,726

Contributions$300,000

Mission work (program services)$101,958

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

KAREN WHITEPRESIDENT · 1 hrs/week $9,785Base · Other $9,785

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (16)

KAREN WHITEPRESIDENT

JASON CARLSONCHAIR

TODD BECKELDIRECTOR (THRU JULY 24)

MIKE LAROQUEDIRECTOR

MICHELLE PAQUINDIRECTOR (THRU JULY 24)

KYLE LARSONDIRECTOR

KRISTI THORFINNSONDIRECTOR

KAITLYN GRENIERDIRECTOR (THRU JULY 24)

JILL JOHNSONDIRECTOR

JACK SWANSONDIRECTOR

DEB ZAKDIRECTOR

CONNIE LINDSTROMTREASURER

CHRISTINE IMBRADIRECTOR

CHERI GUNVALSONSECRETARY

BRUCE REEVESVICE CHAIR

ALISHA EVERWINDDIRECTOR

About this charity

Recognized since: January 2023
Location: 201 3RD ST NW, BEMIDJI, MN 56601-3111
County: Beltrami
In care of: KAREN WHITE
Primary officer: KAREN WHITE, PRESIDENT

How to reach them

WebsiteVisit the charity’s website Phone(218) 759-2057

Filing and classification

Latest tax year: 2024
Tax period began: July 1, 2024
Return type: 990
Tax preparer: WIPFLI ADVISORY LLC
NTEE classification: Small Business Development (S43)
IRS tax category: Small Business Development