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Nonprofiteer
← SOUTHWEST INITIATIVE FOUNDATION

Form 990 for tax year 2023

Filed by SOUTHWEST INITIATIVE FOUNDATION.

Totals

Total revenue
$11,617,544
Total expenses
$10,063,990
Contributions and grants received
$6,475,047
Grants paid
$4,883,898
Program services expenses (Part IX)
$8,240,567
Management and general expenses
$1,401,082
Fundraising expenses
$422,341
Program service expenses (Part III)
$8,240,567

Program services were 81.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • SCOTT MARQUARDT

    PRESIDENT

    Total calculated
    $175,252
    From this org
    $147,011
    From related orgs
    $0
    Other
    $28,241
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $145,367
    Bonus
    $286
    Other
    $1,358
    Deferred
    $7,841
    Nontaxable benefits
    $20,400
    Filer's total
    $175,252

  • MARGIE NELSEN

    CFO

    Total calculated
    $137,976
    From this org
    $132,167
    From related orgs
    $0
    Other
    $5,809
    Hours/week
    50

  • NANCY FASCHING

    VICE PRESIDENT

    Total calculated
    $137,039
    From this org
    $122,610
    From related orgs
    $0
    Other
    $14,429
    Hours/week
    50

  • THOMAS BRAKKE

    TREASURER

    Total calculated
    $0
    Hours/week
    4

  • TERRY GAALSWYK

    SECRETARY

    Total calculated
    $0
    Hours/week
    4

  • CHRISTINE ROCK HANTGE

    CHAIR

    Total calculated
    $0
    Hours/week
    6

  • PATRICIA LOEHR-DOLS

    PAST CHAIR

    Total calculated
    $0
    Hours/week
    6

  • DANIEL GREVE

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    4

  • ABDIRIZAK MAHBOUB

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    4

  • ERICA VOLKIR

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    4

  • KATHY WEHKING

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    4

  • THERESA ZASKE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    4

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
THE EXECUTIVE COMMITTEE RECEIVES SOURCED DATA, INCLUDING 990'S FROM OTHER ORGANIZATIONS AND THE GALLAGHER HUMAN RESOURCES & COMPENSATION CONSULTING PRACTICE. THIS DATA IS REFRESHED ANNUALLY, INCORPORATING A WAGE INFLATION INDICATOR PROVIDED BY GALLAGHER HUMAN RESOURCES & COMPENSATION CONSULTING PRACTICE. THE BOARD OVERSEES THE COMPENSATION OF THE PRESIDENT. TO ENSURE THAT WE REMAIN COMPETITIVE AMONG OUR EMPLOYEES, THE FOUNDATION CONTINUOUSLY MONITORS THE LABOR MARKET, CONDUCTING A COMPREHENSIVE MARKET REVIEW ANNUALLY, FACILITATED BY GALLAGHER HUMAN RESOURCES & COMPENSATION CONSULTING PRACTICE AND OVERSEEN BY THE PRESIDENT. PAY STRUCTURES (I.E., JOB VALUES) ARE EVALUATED AND ADJUSTED (AS APPROPRIATE) CONSISTENT WITH CHANGES IN THE LABOR MARKET WITHIN WHICH THE FOUNDATION COMPETES FOR TALENT AND WITH CONSIDERATION FOR OUR OVERALL BUDGET AND SUSTAINABILITY OVER TIME. INDIVIDUAL PAY ADJUSTMENTS ARE THEN MADE BASED UPON CHANGES IN THE LABOR MARKET FOR THEIR POSITION AND PERFORMANCE IN THE ROLE TO ENSURE RESULTING PAY IS COMPETITIVE AND EQUITABLE ACROSS THE FOUNDATION, PARTICULARLY FOR KEY EMPLOYEES AND HIGHLY COMPENSATED EMPLOYEES. ANNUALLY, THIS REVIEW INCORPORATES A WAGE INFLATION INDICATOR PROVIDED BY GALLAGHER HUMAN RESOURCES & COMPENSATION CONSULTING PRACTICE.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2023
Filed
28 April 2025
IRS schema version
2023v6.0
Source object
202511299349302706

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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