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Nonprofiteer
← WESTONKA DISTRICT 277 FOUNDATION CORP CHARTER NO 1N 862

Form 990 for tax year 2024

Filed by WESTONKA DISTRICT 277 FOUNDATION CORP CHARTER NO 1N 862.

Totals

Total revenue
$59,113
Total expenses
$201,154
Contributions and grants received
$58,891
Grants paid
$186,949
Program service revenue
$0
Investment income
$0
Other revenue
$222
Total assets, end of year
$2,294,890
Total liabilities, end of year
$152,325
Net assets or fund balances, end of year
$2,142,565
Program services expenses (Part IX)
$186,949
Management and general expenses
$13,625
Fundraising expenses
$580
Program service expenses (Part III)
$186,949

Program services were 92.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1a · Federated campaigns

    $0

  • 1b · Membership dues

    $0

  • 1c · Fundraising events

    $0

  • 1d · Related organizations

    $0

  • 1e · Government grants (contributions)

    $0

  • 1f · All other contributions, gifts and grants

    $58,891

  • 11a · Other revenue: miscellaneous revenue

    total $222 · related or exempt $222

  • 11e · Other revenue, total

    $222

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0 · program services $0

  • 2 · Grants to domestic individuals

    total $186,949 · program services $186,949

  • 11a · Fees: management

    total $11,451 · management and general $11,451

  • 13 · Office expenses

    total $1,094 · program services $0 · management and general $1,094

  • 23 · Insurance

    total $1,080 · program services $0 · management and general $1,080

  • 24a · Other expenses: miscellaneous

    total $580 · fundraising $580

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $14,403 · end of year $3,892

  • 2 · Savings and temporary cash investments

    beginning of year $275,043 · end of year $491,796

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $0 · end of year $0

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $0 · end of year $0

  • 10a · Land, buildings and equipment: cost or other basis

    $0

  • 10b · Land, buildings and equipment: accumulated depreciation

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $1,808,705 · end of year $1,799,202

  • 12 · Investments: other securities

    beginning of year $0 · end of year $0

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $0 · end of year $0

  • 18 · Grants payable

    beginning of year $275,043 · end of year $152,325

  • 19 · Deferred revenue

    beginning of year $0 · end of year $0

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $0 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $588,390 · end of year $756,116

  • 28 · Net assets with donor restrictions

    beginning of year $1,234,718 · end of year $1,386,449

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $0 · end of year $0

Mission and programs · 2024

Mission

We believe an excellent education provides inspiration for lifelong learning and is the richest heritage we can give our children. Therefore Westonka District #277 Foundation is dedicated to its mission of enhancing student opportunities in Westonka Schools.

Activities or mission (Part I)

Withheld by Nonprofiteer: this text may name a private individual.

  • Westonka District 277 Foundation was created to provide funding for learning experiences and projects that did not received funding from the general school district budget. Fifteen grants were awarded. Criteria for selection include educational value; number of learners impacted; availability of other sources of funding; and demonstrated need for the project. The grant application process calendar is September-October each calendar school year. In addition, college scholarships are awarded each Spring to graduating seniors. Thirteen scholarships were awarded.

    Expenses $186,949 · Grants $186,727 · Revenue $222

As filed on the 2024 return. A text marked withheld matched a screen for wording that may name a private individual, such as an honorific or "in memory of". Most of what it withholds names no one; it is withheld so that what does is never shown.

Listed in Part VII

  • Julie M Johnson

    President

    Total calculated
    $0
    Hours/week
    10

  • Margaret Holste

    Vice President

    Total calculated
    $0
    Hours/week
    2

  • Diane Bates

    Treasurer

    Total calculated
    $0
    Hours/week
    10

  • Catie Dittrich

    Secretary

    Total calculated
    $0
    Hours/week
    3

  • Kari Kantola

    director

    Total calculated
    $0
    Hours/week
    2

  • Kathleen Lohmar Exel

    director

    Total calculated
    $0
    Hours/week
    2

  • Caroline Suttle

    director

    Total calculated
    $0
    Hours/week
    2

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, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
20 August 2025
IRS schema version
2024v5.0
Source object
202522329349301317

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