Skip to content
Nonprofiteer
← ALBERT LEA PUBLIC EDUCATION FOUNDATION INC

Form 990 for tax year 2022

Filed by ALBERT LEA PUBLIC EDUCATION FOUNDATION INC.

Totals

Total revenue
$192,398
Total expenses
$173,886
Contributions and grants received
$167,307
Grants paid
$138,226
Program service revenue
$0
Investment income
$25,091
Other revenue
$0
Total assets, end of year
$3,007,622
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$3,007,622
Program services expenses (Part IX)
$157,100
Management and general expenses
$16,786
Fundraising expenses
$0
Program service expenses (Part III)
$157,100

Program services were 90.3% 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

    $167,307

  • 3 · Investment income

    total $25,091 · unrelated business $0 · excluded $25,091

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $47,926 · program services $47,926

  • 2 · Grants to domestic individuals

    total $90,300 · program services $90,300

  • 11c · Fees: accounting

    total $4,028 · program services $0 · management and general $4,028 · fundraising $0

  • 11f · Fees: investment management

    total $14,955 · program services $7,478 · management and general $7,477 · fundraising $0

  • 11g · Fees: other

    total $3,500 · program services $0 · management and general $3,500 · fundraising $0

  • 12 · Advertising and promotion

    total $40 · program services $0 · management and general $40 · fundraising $0

  • 13 · Office expenses

    total $573 · program services $0 · management and general $573 · fundraising $0

  • 23 · Insurance

    total $856 · program services $0 · management and general $856 · fundraising $0

  • 24a · Other expenses: SUPPLIES

    total $1,312 · program services $1,000 · management and general $312 · fundraising $0

  • 24b · Other expenses: PATHWAYS TO SUCCESS PROJECT

    total $4,671 · program services $4,671 · management and general $0 · fundraising $0

  • 24c · Other expenses: PAWS PROGRAM SCHOLASTIC ACHEIVEMENT

    total $5,725 · program services $5,725 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $243,458 · end of year $254,645

  • 2 · Savings and temporary cash investments

    beginning of year $126,407 · end of year $126,552

  • 11 · Investments: publicly traded securities

    beginning of year $2,907,042 · end of year $2,626,425

  • 27 · Net assets without donor restrictions

    beginning of year $21,316 · end of year $35,223

  • 28 · Net assets with donor restrictions

    beginning of year $3,255,591 · end of year $2,972,399

Mission and programs · 2022

Mission

TO SERVE THE STUDENTS OF DISTRICT 241 BY IDENTIFYING EDUCATIONAL NEEDS AND CREATING FINANCIAL SUPPORT THROUGH CREATING PERMANENT ENDOWMENTS AND DEVELOPING FUNDING FOR THE CREATION AND MAINTENANCE OF NEW PROGRAMS.

  • THE ORGANIZATION PROVIDED SEVERAL GRANTS TO THE ALBERT LEA SCHOOL DISTRICT AND SCHOLARSHIPS TO STUDENTS ENTERING COLLEGE.

    Expenses $157,100 · Grants $138,226

As filed on the 2022 return.

Listed in Part VII

  • Neal Skaar

    CHAIR

    Total calculated
    $0
    Hours/week
    0.5

  • Kim Nelson

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    0.5

  • Steve Tufte

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Abby Leach

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.5

  • Brad Kirchner

    PAST CHAIR

    Total calculated
    $0
    Hours/week
    0.5

  • Mike Peterson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Dan Dorman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Jessica Hatland

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Jerry Nelson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • David Frame

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Janelle Koepke

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Robert Rowe

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

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
2022
Filed
12 May 2023
IRS schema version
2022v5.0
Source object
202322169349300622

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

The source document this was parsed from is served over the API, which is where bulk and document access live.