Nonprofit · EIN 41-0011094
MANKATO AREA FOUNDATION
Tax-exempt · MANKATO, MN 56001
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $8,755,693 | $5,448,595 | $3,307,098 | $35,969,140 | $5,094,712 | $30,874,428 |
| June 30, 2024 | 990 | $7,145,681 | $5,277,240 | $1,868,441 | $34,424,338 | $4,537,493 | $29,886,845 |
| June 30, 2023 | 990 | $5,788,794 | $4,419,357 | $1,369,437 | $30,025,948 | $4,087,000 | $25,938,948 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $3,602,680
- Program service revenue
- $47,132
- Investment income
- $4,950,892
- Net gain from sales of assets
- $4,017,469
- Other revenue
- $154,989
Expenses
- Grants and similar amounts paid
- $4,059,579
- Compensation of officers, directors and key employees
- $389,952
- Other salaries and wages
- $333,112
- Salaries, compensation and benefits (total)
- $810,082
- Professional fundraising fees
- $0
- Accounting fees
- $41,475
- Occupancy
- $80,128
- Travel
- $4,535
- Depreciation
- $98,750
- Program services (functional)
- $4,767,078
- Management and general (functional)
- $442,336
- Fundraising (functional)
- $239,181
Balance sheet and other
- Total assets, start of year
- $34,424,338
- Total assets, end of year
- $35,969,140
- Total liabilities, end of year
- $5,094,712
- Net assets, end of year
- $30,874,428
- Land, buildings and equipment
- $3,006,252
- Publicly traded securities
- $32,705,686
- Net assets without donor restrictions
- $28,355,696
- Net assets with donor restrictions
- $2,518,732
- Gross unrelated business income
- $421
- Gross receipts
- $25,894,844
- Employees
- 9
- Volunteers
- 30
- Year formed
- 1974
- State of legal domicile
- MN
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Nancy Zallek | President & CEO Officer | 40 | $128,911 | $21,590 |
| Ashley Eimer | VP of Philanthropy Officer | 40 | $105,976 | $11,732 |
| Samantha Spicer | Finance Director Officer | 40 | $76,464 | $10,654 |
| Leah Davis | Chair Trustee or director, Officer | 2 | $0 | $0 |
| Christina Bohlke | Vice-Chair Trustee or director, Officer | 1 | $0 | $0 |
| Seth Ferkenstad | Treasurer Trustee or director, Officer | 1 | $0 | $0 |
| Brittany King-Asamoa | Secretary Trustee or director, Officer | 1 | $0 | $0 |
| Melissa Bradley | Director Trustee or director | 1 | $0 | $0 |
| Jennifer Pfeffer | Director Trustee or director | 1 | $0 | $0 |
| Sarah Richards | Director Trustee or director | 1 | $0 | $0 |
| Erin Kragh | Director Trustee or director | 1 | $0 | $0 |
| Bob Beadell | Director Trustee or director | 1 | $0 | $0 |
| Tim Huebsch | Director Trustee or director | 1 | $0 | $0 |
| Michael Robinson | Director (thru Apr. '24) Trustee or director | 1 | $0 | $0 |
| Marcia Bahr | Director Trustee or director | 1 | $0 | $0 |
8 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Art Westphal | Director Trustee or director | 1 | $0 |
| Michelle Schooff | Director Trustee or director | 1 | $0 |
| Amanda Heilman | Director Trustee or director | 1 | $0 |
| Stephanie Stoffell | Director Trustee or director | 1 | $0 |
| Belen Fernandez | Director Trustee or director | 1 | $0 |
| Michael Kittelson | Director Trustee or director | 1 | $0 |
| Kim Literovich | Director Trustee or director | 1 | $0 |
| Marissa Robling | Director Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 22 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Nancy Zallek | President & CEO Officer | 40 | $113,080 | $21,291 |
| Ashley Eimer | VP of Philanthropy Officer | 40 | $97,432 | $11,646 |
| Samantha Spicer | Finance Director Officer | 40 | $74,218 | $10,862 |
| Leah Davis | Chair Trustee or director, Officer | 2 | $0 | $0 |
| Christina Bohlke | Vice-Chair Trustee or director, Officer | 1 | $0 | $0 |
| Seth Ferkenstad | Treasurer Trustee or director, Officer | 1 | $0 | $0 |
| Brittany King-Asamoa | Secretary Trustee or director, Officer | 1 | $0 | $0 |
| Melissa Bradley | Director Trustee or director | 1 | $0 | $0 |
| Jennifer Pfeffer | Director Trustee or director | 1 | $0 | $0 |
| Sarah Richards | Director Trustee or director | 1 | $0 | $0 |
| Erin Kragh | Director Trustee or director | 1 | $0 | $0 |
| Bob Beadell | Director Trustee or director | 1 | $0 | $0 |
| Tim Huebsch | Director Trustee or director | 1 | $0 | $0 |
| Michael Robinson | Director Trustee or director | 1 | $0 | $0 |
| Marcia Bahr | Director Trustee or director | 1 | $0 | $0 |
| Art Westphal | Director Trustee or director | 1 | $0 | $0 |
| Michelle Schooff | Director Trustee or director | 1 | $0 | $0 |
| Amanda Heilman | Director Trustee or director | 1 | $0 | $0 |
| Stephanie Stoffell | Director Trustee or director | 1 | $0 | $0 |
| Belen Fernandez | Director Trustee or director | 1 | $0 | $0 |
| Todd Prafke | Director Trustee or director | 1 | $0 | $0 |
| Heidi Boyum | Director Trustee or director | 1 | $0 | $0 |
990 for the year ended June 30, 2023: 25 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Nancy Zallek | President & CEO Officer | 40 | $95,859 | $35,202 |
| Samantha Spicer | Finance Director Officer | 40 | $64,169 | $6,919 |
| Ashley Eimer | VP of Philantropy (as of Sep 2022) Officer | 40 | $26,654 | $1,308 |
| Kristin Duncanson | Chair Trustee or director, Officer | 2 | $0 | $0 |
| Nathan Mullikin- Vice Chair | July-Oct '22)/ Dir.(Oct '22-June '23) Trustee or director, Officer | 1 | $0 | $0 |
| Leah Davis- Dir July-Oct '22 | /Vice Chair(Oct '22-June '23) Trustee or director, Officer | 1 | $0 | $0 |
| Seth Ferkenstad | Treasurer Trustee or director, Officer | 2 | $0 | $0 |
| Thomas Lentz | Secretary (July-Oct '22) Trustee or director, Officer | 1 | $0 | $0 |
| Christina Bohlke- Dir July-Oct '22 | /Secretary(Oct '22-June '23) Trustee or director, Officer | 1 | $0 | $0 |
| Brittany King-Asamoa | Director Trustee or director | 1 | $0 | $0 |
| Heidi Boyum | Director Trustee or director | 1 | $0 | $0 |
| Melissa Bradley | Director Trustee or director | 1 | $0 | $0 |
| James Heilman | Director Trustee or director | 1 | $0 | $0 |
| Sarah Richards | Director Trustee or director | 1 | $0 | $0 |
| Todd Prafke | Director Trustee or director | 1 | $0 | $0 |
| Jennifer Pfeffer | Director Trustee or director | 1 | $0 | $0 |
| Beadell Bob | Director (as of Oct 2022) Trustee or director | 1 | $0 | $0 |
| Lucas Downs | Director (as of Oct 2022) Trustee or director | 1 | $0 | $0 |
| Tim Huebsch | Director (as of Oct 2022) Trustee or director | 1 | $0 | $0 |
| Erin Kragh | Director (as of Oct 2022) Trustee or director | 1 | $0 | $0 |
| Mark Sharpless | Director (Until Oct 2022) Trustee or director | 1 | $0 | $0 |
| Stacey Wells | Director (Until Dec 2022) Trustee or director | 1 | $0 | $0 |
| Wade Abed | Director (Until Feb 2023) Trustee or director | 1 | $0 | $0 |
| David Schooff | Director (Until Oct 2022) Trustee or director | 1 | $0 | $0 |
| Jessica Buchert | Director (Until Oct 2022) Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 212 E WALNUT ST STE 1, MANKATO, MN 56001-3656
- Principal officer (990 for 2024)
- Nancy Zallek, 212 E Walnut St 1, Mankato, MN 56001
- Signed the 990
- Tana Torseth, Treasurer
- Phone
- (507) 389-4583
- Return prepared by
- Eide Bailly LLP
Mission
The Mankato Area Foundation is a trusted resource that connects donors with causes they care about, provides funding to enhance our region and serves as a collaborative community partner.
Program accomplishments
- The Foundation awarded grants through its Community Fund, designated funds, and donor-advised funds to enhance the livability and vibrancy of the Greater Mankato area. Additionally, the Consultant in Residency Fund provided critical support to nonprofit organizations by offering access to expert consulting services to strengthen their operations. Through strategic partnerships, resources, and community connections, the Foundation played a key role in supporting nonprofits as they worked to meet critical community needs.Expenses $4,767,078 · grants $4,059,579 · revenue $47,132
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 41-0011094
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1975
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $35,969,140
- Income (IRS master file)
- $25,894,844
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $8,755,693 | $5,448,595 | $35,969,140 | IRS |
| 990-T | June 2025 | – | – | – | IRS |
| 990 | June 2024 | $7,145,681 | $5,277,240 | $34,424,338 | IRS |
| 990-T | June 2024 | – | – | – | IRS |
| 990 | June 2023 | $5,788,794 | $4,419,357 | $30,025,948 | XML |
| 990-T | June 2023 | – | – | – | IRS |
| 990 | June 2022 | $6,256,215 | $3,308,376 | $27,051,711 | IRS |
| 990-T | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990-T | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 41-0011094).
Questions about MANKATO AREA FOUNDATION
- What is the EIN of MANKATO AREA FOUNDATION?
- The employer identification number (EIN) of MANKATO AREA FOUNDATION is 41-0011094.
- Is MANKATO AREA FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1975.
- Are donations to MANKATO AREA FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does MANKATO AREA FOUNDATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of MANKATO AREA FOUNDATION due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MANKATO AREA FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of MANKATO AREA FOUNDATION?
- The 990 for the year ended June 30, 2025 names Nancy Zallek.
- Who are the officers and directors of MANKATO AREA FOUNDATION?
- The 990 for the year ended June 30, 2025 lists 23 people; 3 received compensation from the organization, the highest $128,911 (Nancy Zallek, President & CEO).
- How much revenue does MANKATO AREA FOUNDATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $8,755,693, expenses of $5,448,595 and total assets of $35,969,140 at year end.
Other nonprofits in MANKATO
- MANKATO REHABILITATION CENTER INC EIN 41-0736870 · last filed 990 for 2025
- BLUE EARTH NICOLLET FARIBAULT COOPERATIVE ELECTRIC ASSOCIATION EIN 41-0155615 · last filed 990 for 2025
- BETHANY LUTHERAN COLLEGE & SEMINARY INC EIN 41-0747165 · last filed 990 for 2025
- HARRY MEYERING CENTER INC EIN 41-1000591 · last filed 990 for 2025
- MINNESOTA STATE UNIVERSITY MANKATO FOUNDATION INCORPORATED EIN 41-6033423 · last filed 990 for 2025
- MINNESOTA VALLEY ACTION COUNCIL INC EIN 41-6050353 · last filed 990 for 2025
- OPEN DOOR HEALTH CENTER EIN 41-1461726 · last filed 990 for 2024
- MINNESOTA RIVER AREA AGENCY ON AGING INC EIN 26-1632413 · last filed 990 for 2024