Form 990 for tax year 2024
Filed by FRIENDS OF EAGLE RIDGE ACADEMY INC.
Totals
- Total revenue
- $141,403
- Total expenses
- $53,324
- Contributions and grants received
- $185,778
- Grants paid
- $40,246
- Program service revenue
- $0
- Investment income
- $5,319
- Other revenue
- -$49,694
- Total assets, end of year
- $375,808
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $375,808
- Program services expenses (Part IX)
- $40,246
- Management and general expenses
- $13,078
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $40,246
Program services were 75.5% 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.
-
1c · Fundraising events
$111,536
-
1f · All other contributions, gifts and grants
$74,242
-
3 · Investment income
total $3,040 · excluded $3,040
-
7a · Gross sales of assets other than inventory
securities $2,279
-
7b · Less cost or other basis and sales expenses
securities $0
-
7c · Gain or loss
securities $2,279
-
7d · Net gain or loss
total $2,279 · excluded $2,279
-
8a · Fundraising events: gross income
$21,374
-
8a · Fundraising events: contributions included on line 1c
$111,536
-
8b · Fundraising events: direct expenses
$71,668
-
8c · Net income from fundraising events
total -$50,294 · excluded -$50,294
-
9a · Gaming: gross income
$1,190
-
9b · Gaming: direct expenses
$590
-
9c · Net income from gaming
total $600 · excluded $600
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $35,246 · program services $35,246
-
2 · Grants to domestic individuals
total $5,000 · program services $5,000
-
11g · Fees: other
total $2,475 · management and general $2,475
-
13 · Office expenses
total $3,487 · management and general $3,487
-
14 · Information technology
total $2,206 · management and general $2,206
-
24a · Other expenses: FOOD PURCHASED
total $1,410 · management and general $1,410
-
24e · All other expenses
total $3,500 · management and general $3,500
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $170,460 · end of year $202,220
-
4 · Accounts receivable
beginning of year $370 · end of year $370
-
11 · Investments: publicly traded securities
beginning of year $106,585 · end of year $173,218
-
27 · Net assets without donor restrictions
beginning of year $277,415 · end of year $375,808
Mission and programs · 2024
Mission
FRIENDS OF EAGLE RIDGE ACADEMY (FERA), THE ACADEMY'S NON-PROFIT FOUNDATION, HAS A SOLE PURPOSE TO FINANCIALLY SUPPORT EAGLE RIDGE ACADEMY AND SUSTAIN IT FOR FUTURE GENERATIONS. WITH THE IMMENSE GROWTH OF THE ACADEMY, PHILANTHROPY IS OF THE UTMOST IMPORTANCE. FERA PLAYS AN IMPORTANT ROLE IN BUILDING CAPACITY AND CULTIVATING LONG-LASTING RELATIONSHIPS. FERA IS A CERTIFIED 501(C)(3) ENTITY UNDER THE INTERNAL REVENUE CODE WITH ACCEPTED DONATIONS GOING TO ITS SOLE BENEFICIARY EAGLE RIDGE ACADEMY. ALL DONATIONS FROM INDIVIDUALS, CORPORATIONS, GRANTORS, AND FOUNDATIONS ARE ACCEPTED AND PROCESSED THROUGH FERA.
Activities or mission (Part I)
TO FINANCIALLY SUPPORT EAGLE RIDGE ACADEMY AND SUSTAIN IT FOR FUTURE GENERATIONS.
-
FUNDS ARE INVESTED IN FERA'S ENDOWMENT AND DISBURSED DIRECTLY TO THE ACADEMY FOR ITS HIGHEST PRIORITY NEEDS. FERA IS QUALIFIED TO RECEIVE TAX-DEDUCTIBLE DONATIONS, BEQUESTS, GIFTS OF STOCKS AND REAL ESTATE, TRANSFERS, AND IN-KIND GIFTS. IT IS GOVERNED BY A BOARD OF DIRECTORS WHO FOCUS ON SHORT- AND LONG-TERM STRATEGY AND PLANNING FOR THE FUTURE OF EAGLE RIDGE ACADEMY.
Expenses $40,246 · Grants $40,246
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Kelly SchiffmanKELLY SCHIFFMAN
EXECUTIVE DIRECTOR
- Total calculated
- $110,401
- From this org
- $0
- From related orgs
- $73,526
- Other
- $36,875
- Hours/week
- 32
-
Allison BradyALLISON BRADY
PRESIDENT
- Total calculated
- $0
- Hours/week
- 3
-
David CrosonDAVID CROSON
TREASURER
- Total calculated
- $0
- Hours/week
- 3 + 2 related
-
Kelly AthmanKELLY ATHMAN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Jason UlbrichJASON ULBRICH
EX-OFFICIO (ED OF ERA)
- Total calculated
- $0
- Hours/week
- 1 + 40 related
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
-
$35,246
TO FINANCIALLY SUPPORT EAGLE RIDGE ACADEMY'S EXPENSES
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
501(C)(3) · SERVES STUDENTS IN GRADES K-12 · MN
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 12 February 2026
- IRS schema version
- 2024v5.5
- Source object
- 202600479349301530
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