Form 990 for tax year 2024
Filed by ALBERT LEA PUBLIC EDUCATION FOUNDATION INC.
Totals
- Total revenue
- $134,611
- Total expenses
- $224,137
- Contributions and grants received
- $86,441
- Grants paid
- $150,712
- Program service revenue
- $0
- Investment income
- $48,170
- Other revenue
- $0
- Total assets, end of year
- $3,382,951
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $3,382,951
- Program services expenses (Part IX)
- $215,341
- Management and general expenses
- $8,796
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $215,341
Program services were 96.1% 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
$86,441
-
3 · Investment income
total $48,170 · excluded $48,170
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $64,612 · program services $64,612
-
2 · Grants to domestic individuals
total $86,100 · program services $86,100
-
11f · Fees: investment management
total $12,979 · program services $6,489 · management and general $6,490
-
13 · Office expenses
total $712 · management and general $712
-
23 · Insurance
total $762 · management and general $762
-
24a · Other expenses: SUPPLIES
total $27,332 · program services $26,500 · management and general $832
-
24b · Other expenses: TRANSFERS BETWEEN FUNDS
total $22,376 · program services $22,376
-
24c · Other expenses: PATHWAYS TO SUCCESS PROJ
total $6,074 · program services $6,074
-
24d · Other expenses: PAWS PROGRAM
total $3,190 · program services $3,190
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $474,230 · end of year $157,783
-
2 · Savings and temporary cash investments
end of year $400,000
-
11 · Investments: publicly traded securities
beginning of year $2,730,094 · end of year $2,825,168
-
27 · Net assets without donor restrictions
beginning of year $43,972 · end of year $35,407
-
28 · Net assets with donor restrictions
beginning of year $3,160,352 · end of year $3,347,544
Mission and programs · 2024
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 $215,341 · Grants $150,712
As filed on the 2024 return.
Listed in Part VII
-
Neal SkaarNEAL SKAAR
CHAIR
- Total calculated
- $0
- Hours/week
- 0.5
-
Kim NelsonKIM NELSON
VICE-CHAIR
- Total calculated
- $0
- Hours/week
- 0.5
-
Steve TufteSTEVE TUFTE
TREASURER
- Total calculated
- $0
- Hours/week
- 2
-
Abby SchumakerABBY SCHUMAKER
SECRETARY
- Total calculated
- $0
- Hours/week
- 0.5
-
Brad KirchnerBRAD KIRCHNER
PAST CHAIR
- Total calculated
- $0
- Hours/week
- 0.5
-
Mike PetersenMIKE PETERSEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Dan DormanDAN DORMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Jessica HatlandJESSICA HATLAND
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
David FrameDAVID FRAME
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Janelle KoepkeJANELLE KOEPKE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Robert RoweROBERT 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
-
ALBERT LEA SCHOOL DISTRICT
$53,612
SCHOOL PROGRAMS
-
$11,000
COMMUNITY FUND
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 6 May 2025
- IRS schema version
- 2024v5.0
- Source object
- 202511609349300901
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