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Nonprofiteer
← MORAINE PARK FOUNDATION INC

Form 990 for tax year 2024

Filed by MORAINE PARK FOUNDATION INC.

Totals

Total revenue
$1,885,125
Total expenses
$1,858,907
Contributions and grants received
$1,668,284
Grants paid
$1,746,815
Program service revenue
$0
Investment income
$216,841
Other revenue
$0
Total assets, end of year
$6,175,751
Total liabilities, end of year
$77,374
Net assets or fund balances, end of year
$6,098,377
Program services expenses (Part IX)
$1,806,150
Management and general expenses
$47,950
Fundraising expenses
$4,807
Program service expenses (Part III)
$1,806,150

Program services were 97.2% 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.

  • 1f · All other contributions, gifts and grants

    $1,668,284

  • 1g · Noncash contributions included above

    $336,352

  • 3 · Investment income

    total $186,516 · excluded $186,516

  • 7a · Gross sales of assets other than inventory

    securities $30,325

  • 7b · Less cost or other basis and sales expenses

    securities $0

  • 7c · Gain or loss

    securities $30,325

  • 7d · Net gain or loss

    total $30,325 · excluded $30,325

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,354,393 · program services $1,354,393

  • 2 · Grants to domestic individuals

    total $392,422 · program services $392,422

  • 11f · Fees: investment management

    total $30,890 · management and general $30,890

  • 13 · Office expenses

    total $12,832 · program services $6,786 · management and general $2,025 · fundraising $4,021

  • 19 · Conferences, conventions and meetings

    total $2,874 · program services $2,053 · management and general $35 · fundraising $786

  • 24a · Other expenses: OTHER PROJECTS

    total $65,428 · program services $50,428 · management and general $15,000

  • 24b · Other expenses: DUES AND SUBSCRIPTIONS

    total $68 · program services $68

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $1,882,562 · end of year $1,940,658

  • 3 · Pledges and grants receivable

    beginning of year $647,642 · end of year $232,104

  • 11 · Investments: publicly traded securities

    beginning of year $3,440,948 · end of year $4,002,989

  • 17 · Accounts payable and accrued expenses

    beginning of year $103,033 · end of year $77,374

  • 27 · Net assets without donor restrictions

    beginning of year $1,236,743 · end of year $1,094,800

  • 28 · Net assets with donor restrictions

    beginning of year $4,631,376 · end of year $5,003,577

Mission and programs · 2024

Mission

THE MORAINE PARK FOUNDATION WAS ESTABLISHED IN 1976 AND PARTNERS WITH DONORS TO MAKE EDUCATION AFFORDABLE THROUGH SCHOLARSHIP ASSISTANCE, TO HELP STUDENT RETENTION THROUGH EMERGENCY FINANCIAL ASSISTANCE, AND TO ENHANCE LEARNING EXPERIENCES THROUGH ACADEMIC PROGRAM SUPPORT. STUDENTS, IN TURN, FULFILL THE TALENT NEEDS OF BUSINESSES AND INDUSTRY IN MORAINE PARK'S DISTRICT. FOUNDATION PARTNERS INCLUDE ALUMNI, COPRORATIONS, FOUNDATIONS, COMMUNITY ORGANIZATIONS, MORAINE PARK FACULTY AND STAFF, AND OTHER FRIENDS OF THE COLLEGE.

Activities or mission (Part I)

TO MAKE EDUCATION AFFORDABLE FOR MORAINE PARK STUDENTS, HELP STUDENTS STAY ENROLLED THROUGH EMERGENCY ASSISTANCE, AND ENHANCE LEARNING EXPERIENCES.

  • IN THE 2024-25 ACADEMIC YEAR, MORAINE PARK FOUNDATION AWARDED $392,422 IN STUDENTS SCHOLARSHIPS. THESE SCHOLARSHIPS HELP MAKE EDUCATION AFFORDABLE FOR STUDENTS WHO MAY NOT OTHERWISE AFFORD COLLEGE AND ALSO HELPS ALLEVIATE THE BURDEN OF STUDENT LOAN DEBT.

    Expenses $1,806,150 · Grants $1,746,815

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Eric Gurholt

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1
  • Sandy Breth

    VICE-PRESIDENT

    Total calculated
    $0
    Hours/week
    1
  • Richard Zieman

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    1
  • John St Peter

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.2
  • Matt Weinberg

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.2
  • David Baldus

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.2
  • Pam Korth

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.2
  • Amanda Fryman

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.2
  • Deann Thurmer

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.2
  • Rick Parks

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.2
  • Melanie Bruins

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.2
  • Juliana Dahlinger

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.2
  • Dana Bourland

    EXECUTIVE DIRECTOR

    Total calculated
    $108,945
    From this org
    $0
    From related orgs
    $84,515
    Other
    $24,430
    Hours/week
    40

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

  • MORAINE PARK TECHNICAL COLLEGE

    $0

    PROGRAM ASSISTANCE

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.

  • MORAINE PARK TECHNICAL COLLEGE

    GOVERNMENTAL UNIT · POST SECONDARY EDUCATION & ADMINISTERS STUDENT FINANCIAL AID · WI

Provenance

Return type
form_990
Tax year
2024
Filed
19 February 2026
IRS schema version
2024v5.5
Source object
202610589349300431

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