Form 990 for tax year 2023
Filed by OWATONNA INDEPENDENT SCHOOL DISTRICT NO 761 FOUNDATION.
Totals
- Total revenue
- $408,034
- Total expenses
- $364,679
- Contributions and grants received
- $294,542
- Grants paid
- $328,516
- Program service revenue
- $0
- Investment income
- $119,905
- Other revenue
- -$6,413
- Total assets, end of year
- $3,478,982
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $3,478,982
- Program services expenses (Part IX)
- $328,516
- Management and general expenses
- $34,403
- Fundraising expenses
- $1,760
- Program service expenses (Part III)
- $328,516
Program services were 90.1% 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.
-
1c · Fundraising events
$17,689
-
1f · All other contributions, gifts and grants
$276,853
-
1g · Noncash contributions included above
$6,189
-
3 · Investment income
total $132,082 · excluded $132,082
-
7a · Gross sales of assets other than inventory
securities $305,005
-
7b · Less cost or other basis and sales expenses
securities $317,182
-
7c · Gain or loss
securities -$12,177
-
7d · Net gain or loss
total -$12,177 · related or exempt -$12,177
-
8a · Fundraising events: gross income
$5,341
-
8a · Fundraising events: contributions included on line 1c
$17,689
-
8b · Fundraising events: direct expenses
$11,754
-
8c · Net income from fundraising events
total -$6,413 · excluded -$6,413
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $181,376 · program services $181,376
-
2 · Grants to domestic individuals
total $147,140 · program services $147,140
-
11c · Fees: accounting
total $6,660 · management and general $6,660
-
12 · Advertising and promotion
total $5,741 · management and general $4,101 · fundraising $1,640
-
23 · Insurance
total $120 · fundraising $120
-
24a · Other expenses: HALL OF FAME
total $21,404 · management and general $21,404
-
24b · Other expenses: OTHER
total $1,631 · management and general $1,631
-
24c · Other expenses: SUPPLIES
total $607 · management and general $607
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $83,284 · end of year $115,235
-
11 · Investments: publicly traded securities
beginning of year $3,197,058 · end of year $3,363,747
-
28 · Net assets with donor restrictions
beginning of year $3,280,342 · end of year $3,478,982
Mission and programs · 2023
Mission
TO ADVANCE, SUPPORT, PROMOTE AND ADMINISTER ACTIVITIES WHICH ENHANCE AND AUGMENT PUBLIC EDUCATIONAL FACILITIES AND OPPORTUNITIES.
-
SUPPORT VARIOUS EDUCATIONAL PROGRAMS AT OWATONNA PUBLIC SCHOOLS.
Expenses $328,516 · Grants $328,516
As filed on the 2023 return.
Listed in Part VII
-
Lucas ArndtLUCAS ARNDT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Ellen Draeger CattadorisELLEN DRAEGER CATTADORIS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Samona GrubishSAMONA GRUBISH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Madeleine HabermanMADELEINE HABERMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Barbara JuddBARBARA JUDD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Paul KnutsonPAUL KNUTSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Sara McKaySARA MCKAY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mark SebringMARK SEBRING
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mary LarsonMARY LARSON
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Bruce PaulsonBRUCE PAULSON
CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Nicole SchulzNICOLE SCHULZ
ASST TREASUR
- Total calculated
- $0
- Hours/week
- 1
-
Greg StroikGREG STROIK
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Janet Mittelstadt TippettJANET MITTELSTADT TIPPETT
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1
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
-
OWATONNA PUBLIC SCHOOLS
$170,377
TO SUPPORT OPERATION
-
MEDFORD PUBLIC SCHOOLS
$8,000
TO SUPPORT OPERATION
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 14 May 2024
- IRS schema version
- 2023v5.0
- Source object
- 202422829349301512
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