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Nonprofiteer
← THIEF RIVER FALLS EDUCATION FOUNDATION

Form 990 for tax year 2024

Filed by THIEF RIVER FALLS EDUCATION FOUNDATION.

Totals

Total revenue
$509,316
Total expenses
$522,077
Contributions and grants received
$254,279
Grants paid
$343,732
Program service revenue
$0
Investment income
$222,603
Other revenue
$32,434
Total assets, end of year
$3,001,917
Total liabilities, end of year
$3,309
Net assets or fund balances, end of year
$2,998,608
Program services expenses (Part IX)
$464,281
Management and general expenses
$57,796
Fundraising expenses
$0
Program service expenses (Part III)
$464,281

Program services were 88.9% 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.

  • 1f · All other contributions, gifts and grants

    $254,279

  • 3 · Investment income

    total $208,038 · related or exempt $208,038

  • 7a · Gross sales of assets other than inventory

    securities $41,000

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

    securities $26,435

  • 7c · Gain or loss

    securities $14,565

  • 7d · Net gain or loss

    total $14,565 · related or exempt $14,565

  • 8a · Fundraising events: gross income

    $59,823

  • 8b · Fundraising events: direct expenses

    $27,389

  • 8c · Net income from fundraising events

    total $32,434 · excluded $32,434

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $279,504 · program services $279,504

  • 2 · Grants to domestic individuals

    total $64,228 · program services $64,228

  • 5 · Compensation of officers, directors and key employees

    total $87,398 · program services $69,918 · management and general $17,480

  • 7 · Other salaries and wages

    total $30,673 · program services $15,337 · management and general $15,336

  • 8 · Pension plan contributions

    total $5,872 · program services $4,580 · management and general $1,292

  • 10 · Payroll taxes

    total $11,796 · program services $8,517 · management and general $3,279

  • 11c · Fees: accounting

    total $1,550 · management and general $1,550

  • 12 · Advertising and promotion

    total $150 · program services $150

  • 13 · Office expenses

    total $5,901 · program services $2,951 · management and general $2,950

  • 23 · Insurance

    total $3,185 · program services $3,185

  • 24a · Other expenses: POSTAGE/PRINTING

    total $17,397 · program services $8,699 · management and general $8,698

  • 24b · Other expenses: OTHER EXPENSE

    total $12,776 · program services $6,388 · management and general $6,388

  • 24c · Other expenses: DUES & SUBSCRIPTIONS

    total $1,647 · program services $824 · management and general $823

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $44,702 · end of year $26,213

  • 2 · Savings and temporary cash investments

    beginning of year $14,902 · end of year $43,883

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

    $4,499

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

    $4,499

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $2,835,855 · end of year $2,931,821

  • 17 · Accounts payable and accrued expenses

    beginning of year $7,061 · end of year $3,309

  • 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 $2,888,398 · end of year $2,998,608

Mission and programs · 2024

Mission

TO PROMOTE INNOVATIVE EDUCATIONAL OPPORTUNITIES IN SCHOOL DISTRICT 564

  • ADMINISTRATE SCHOLARSHIP AWARDS AND GRANTS FOR EDUCATIONAL PURPOSES IN SCHOOL DISTRICT 564

    Expenses $464,281 · Grants $343,732

As filed on the 2024 return.

Listed in Part VII

  • Pauline Gustafson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Al Buhl

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Mike Barry

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Shane Zutz

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Darla Hegge

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Jake Rantanen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Denice Nelson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Holly Haugen

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    3

  • Paul Ihle

    PRESIDENT

    Total calculated
    $0
    Hours/week
    3

  • Dave Onkka

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    3

  • Natasha Reierson

    EXECUTIVE DIRECTOR

    Total calculated
    $0
    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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
15 May 2026
IRS schema version
2024v5.5
Source object
202601359349306125

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