TO PROMOTE SOUTHWEST MINNESOTA STATE UNIVERSITY AND RAISE MONEY FOR SCHOLARSHIPS FOR STUDENTS.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$40.3M
+31.2% YoY
Annual Giving
$1.2M
+45.1% YoY
Grant Count
1
+0.0% YoY
Avg Grant Size
$1.2M
+45.1% YoY
About Southwest Minnesota State
Based on IRS filings
Southwest Minnesota State is a nonprofit organization focused on Education, based in MARSHALL, MN. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $40.3M in total assets. In 2025, it awarded 1 grants totaling $1.2M. Net investment income was $1.3M.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $40,271,058 | $30,694,384 | $28,630,680 |
| Revenue | $5,428,210 | $6,333,631 | $7,721,710 |
| Expenses | $4,234,837 | $3,746,514 | $2,654,701 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $1,297,344 | $2,877,120 | $547,906 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 1 recipients in 2025
Grant Size Distribution
4 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2025 IRS filing
From 2025 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| AL ANDERSON | DIRECTOR | — | — |
| KRISTI MUKOMELA | 1ST VICE PRE | — | — |
| JULIE BLEYHL | DIRECTOR | — | — |
| TINA CARTWRIGHT | DIRECTOR | — | — |
| JERRY BLY | 2ND VICE PRE | — | — |
| STEVE BINDER | DIRECTOR | — | — |
| CINDY VERSCHAETSE | SECRETARY/TR | — | — |
| SUMMER DAY | DIRECTOR | — | — |
| DAVE WERPY | PAST PRESIDE | — | — |
| BRAD BACON | PRESIDENT | 1 | — |
| DUANE CARROW | DIRECTOR | — | — |
| JOE ROERS | DIRECTOR | — | — |
| NEAL WAHLMAN | DIRECTOR | — | — |
| TYLER BOWEN | DIRECTOR | — | — |
| JASMINE DESMET | DIRECTOR | — | — |
| MARIO HERNANDEZ | DIRECTOR | — | — |
| JASON HOFFMAN | DIRECTOR | — | — |
| NEIL KRUSE | DIRECTOR | — | — |
| GARY RANGE | DIRECTOR | — | — |
| TOM SAHLSTROM | DIRECTOR | — | — |
Subject Areas
Focus areas based on grantmaking activity
Related Funders
Similar funders by location and focus area
Spicola Family Foundation
MINNETONKA, MN
Assets
—
Grants
3
Total Given
$410K
The Geyer Family Foundation
EDINA, MN
Assets
—
Grants
7
Total Given
$35K
Love 4 One Another Charities
CHANHASSEN, MN
Assets
$8.5M
Grants
1
Total Given
$90K
Donald and Luella Zibell Family Foundation
NORTHFIELD, MN
Assets
—
Grants
8
Total Given
$80K
Minnesota Citizens Concerned
MINNEAPOLIS, MN
Assets
$745K
Grants
2
Total Given
$942K
Clearway Minnesota (sm)
MINNEAPOLIS, MN
Assets
—
Grants
6
Total Given
$442K
Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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