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← WALLIN EDUCATION PARTNERS

Form 990 for tax year 2024

Filed by WALLIN EDUCATION PARTNERS.

Totals

Total revenue
$9,940,243
Total expenses
$10,744,526
Contributions and grants received
$8,935,076
Grants paid
$5,480,091
Program service revenue
$15,000
Investment income
$990,167
Other revenue
$0
Total assets, end of year
$35,104,167
Total liabilities, end of year
$666,135
Net assets or fund balances, end of year
$34,438,032
Program services expenses (Part IX)
$8,918,660
Management and general expenses
$739,288
Fundraising expenses
$1,086,578
Program service expenses (Part III)
$8,918,660

Program services were 83.0% 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.

  • 1e · Government grants (contributions)

    $36,648

  • 1f · All other contributions, gifts and grants

    $8,898,428

  • 2a · Program service revenue: PROGRAM SERVICE FEES

    total $15,000 · related or exempt $15,000

  • 3 · Investment income

    total $656,815 · excluded $656,815

  • 7a · Gross sales of assets other than inventory

    securities $14,228,037

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

    securities $13,894,685

  • 7c · Gain or loss

    securities $333,352

  • 7d · Net gain or loss

    total $333,352 · excluded $333,352

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $5,480,091 · program services $5,480,091

  • 5 · Compensation of officers, directors and key employees

    total $443,520 · program services $177,408 · management and general $147,829 · fundraising $118,283

  • 7 · Other salaries and wages

    total $3,239,237 · program services $2,209,935 · management and general $347,552 · fundraising $681,750

  • 8 · Pension plan contributions

    total $91,513 · program services $72,496 · management and general $8,728 · fundraising $10,289

  • 9 · Other employee benefits

    total $272,724 · program services $206,322 · management and general $30,401 · fundraising $36,001

  • 10 · Payroll taxes

    total $285,054 · program services $187,740 · management and general $38,046 · fundraising $59,268

  • 11b · Fees: legal

    total $8,092 · management and general $8,092

  • 11c · Fees: accounting

    total $19,460 · management and general $19,460

  • 11d · Fees: lobbying

    total $31,775 · program services $31,775

  • 11g · Fees: other

    total $163,303 · program services $64,845 · management and general $38,618 · fundraising $59,840

  • 12 · Advertising and promotion

    total $20,514 · program services $650 · management and general $267 · fundraising $19,597

  • 13 · Office expenses

    total $48,581 · program services $33,809 · management and general $5,790 · fundraising $8,982

  • 14 · Information technology

    total $175,850 · program services $124,805 · management and general $24,384 · fundraising $26,661

  • 16 · Occupancy

    total $92,310 · program services $64,241 · management and general $11,001 · fundraising $17,068

  • 17 · Travel

    total $13,581 · program services $12,838 · management and general $643 · fundraising $100

  • 19 · Conferences, conventions and meetings

    total $148,667 · program services $110,642 · management and general $4,758 · fundraising $33,267

  • 22 · Depreciation, depletion and amortization

    total $32,391 · program services $23,743 · management and general $4,178 · fundraising $4,470

  • 23 · Insurance

    total $10,596 · program services $7,767 · management and general $1,367 · fundraising $1,462

  • 24a · Other expenses: MISCELLANEOUS EXPENSE

    total $106,465 · program services $82,456 · management and general $20,402 · fundraising $3,607

  • 24b · Other expenses: PROFESSIONAL DEVELOPMEN

    total $55,156 · program services $22,904 · management and general $26,757 · fundraising $5,495

  • 24c · Other expenses: DUES AND SUBSCRIPTIONS

    total $5,646 · program services $4,193 · management and general $1,015 · fundraising $438

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $74,011 · end of year $1,995,986

  • 2 · Savings and temporary cash investments

    beginning of year $23,641,211 · end of year $108,350

  • 3 · Pledges and grants receivable

    beginning of year $11,537,307 · end of year $8,927,284

  • 4 · Accounts receivable

    beginning of year $62,945 · end of year $103,122

  • 9 · Prepaid expenses and deferred charges

    beginning of year $53,998 · end of year $69,709

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

    $181,140

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

    $156,020

  • 10c · Land, buildings and equipment, net

    beginning of year $41,521 · end of year $25,120

  • 11 · Investments: publicly traded securities

    end of year $23,691,428

  • 15 · Other assets

    beginning of year $263,718 · end of year $183,168

  • 17 · Accounts payable and accrued expenses

    beginning of year $397,122 · end of year $481,352

  • 25 · Other liabilities

    beginning of year $263,718 · end of year $184,783

  • 27 · Net assets without donor restrictions

    beginning of year $5,126,618 · end of year $5,374,013

  • 28 · Net assets with donor restrictions

    beginning of year $29,887,253 · end of year $29,064,019

Mission and programs · 2024

Mission

TO ENSURE COLLEGE AND CAREER SUCCESS FOR HIGH-POTENTIAL STUDENTS FROM LOW-INCOME BACKGROUNDS, AND THROUGH OUR EFFORTS HELP BUILD DIVERSE, EQUITABLE, AND VIBRANT COMMUNITIES. WE DO THIS THROUGH A COMPREHENSIVE MODEL OF FINANCIAL AID AND HOLISTIC SUPPORT, AND COLLABORATION WITH OUR BUSINESS, EDUCATION, COMMUNITY, AND PHILANTHROPIC PARTNERS.

  • WALLIN EDUCATION PARTNERS' (WALLIN) ACTIVITIES FOCUS ON BREAKING DOWN THE BARRIERS TO ECONOMIC OPPORTUNITY AND ACADEMIC SUCCESS FACED BY UNDER-RESOURCED STUDENTS. WALLIN IS THE ONLY PROGRAM IN MINNESOTA THAT PROVIDES A HOLISTIC COMBINATION OF STUDENT SUPPORT - FINANCIAL AID, INDIVIDUALIZED ADVISING, PERSONALIZED WRAPAROUND SERVICES, AND CAREER DEVELOPMENT - TO ENSURE SUCCESS THROUGHOUT COLLEGE AND LAUNCH MEANINGFUL CAREERS. WE SUPPORTED 1,744 ACTIVE WALLIN SCHOLARS IN FY2025, 89% OF WHICH ARE STUDENTS OF COLOR AND 78% ARE THE FIRST IN THEIR FAMILY TO ATTEND COLLEGE. WALLIN PROGRAMS INCLUDE: SCHOLAR ADVISING: SCHOLARS RECEIVE COLLEGE AND CAREER ADVISING FROM A WALLIN ADVISOR. THE SCHOLAR ADVISOR RELATIONSHIP BEGINS WHEN A STUDENT IS ADMITTED INTO OUR PROGRAM DURING THEIR SENIOR YEAR IN HIGH SCHOOL AND CONTINUES UNTIL THEY GRADUATE COLLEGE AND OFTEN BEYOND. FIRST YEAR STUDENTS AND ADVISORS MEET SIX TO EIGHT TIMES TO CHECK IN ON PROGRESS, DEVELOP GOALS, AND ADDRESS EACH STUDENT'S NEEDS AS THEY CONTINUE TO MEET THROUGHOUT THE SCHOLAR'S TENURE. CURRENTLY, THE SIX YEAR GRADUATION RATE FOR WALLIN SCHOLARS COMPLETING A BACHELORS PROGRAM IS 87% COMPARED TO A 65% GRADUATION RATE FOR ALL STUDENTS NATIONALLY. WALLIN CONTINUES TO DEVELOP PROGRAMMING FOR OUR TWO-YEAR STUDENTS AND SHOW A 66% GRADUATION RATE WITH THE MOST-RECENTLY COMPLETED COHORT COMPARED TO A 35% GRADUATION RATE FOR COMMUNITY COLLEGE STUDENTS IN MINNESOTA. FINANCIAL AID: SCHOLARS RECEIVE FINANCIAL AID DISTRIBUTED TERM BY TERM THROUGHOUT COLLEGE. FUNDS ARE ADMINISTERED DIRECTLY TO COLLEGES AND UNIVERSITIES, PROVIDED THE STUDENT MEETS MINIMUM GPA REQUIREMENTS AND REMAINS ON TRACK FOR GRADUATION. OUR LONGSTANDING RELATIONSHIPS WITH OUR PARTNER COLLEGES HELP US TO LEVERAGE ADDITIONAL FINANCIAL RESOURCES TO ENSURE THAT OUR FUNDING DOES NOT REPLACE INSTITUTIONAL FUNDING. CAREER SERVICES: WITH THE ADDITION OF THE UPTURNSHIPS PROGRAM IN FY2024, WALLIN EXPANDED CAREER DEVELOPMENT SERVICES THAT PROVIDE SUPPORT TO STUDENTS IN THE AREAS OF CAREER DISCERNMENT AND EXPLORATION, CORE PROFESSIONAL SKILLS DEVELOPMENT, SECURING INTERNSHIPS AND APPRENTICESHIPS, DIRECT ACCESS TO CORPORATE PARTNERS' WORKFORCE PIPELINES, AND ALUMNI SUPPORT. BY WAY OF THESE SUPPORT AREAS, WALLIN PROVIDED CAREER SERVICES TO 266 STUDENTS, PLACED SCHOLARS IN 60 INTERNSHIP OPPORTUNITIES, AND HAD 20 CORPORATE PARTNERS AND 239 STUDENTS ATTENDING THE WALLIN CAREER FAIR. IN ADDITION TO THE ROBUST CAREER PROGRAMMING EMBEDDED IN OUR CORE MODEL, WE ALSO HOSTED NINE CAREER WORKSHOPS AND TWO EMPLOYER SITE VISITS. PATHWAYS AND PARTNERS: WALLIN IS EXPANDING OUR PROGRAM WITH UNIQUE PATHWAYS THROUGH SCHOLARSHIPS THAT BRIDGE EDUCATION AND WORKFORCE NEEDS IN HIGH DEMAND FIELDS SUCH AS HEALTH CARE, SOCIAL WORK, TECHNOLOGY, AND CONSTRUCTION MANAGEMENT. THROUGH INNOVATIVE PARTNERSHIPS WITH COMPANIES, THESE PATHWAYS OFFER STUDENTS AN OPPORTUNITY TO GAIN VALUABLE EXPERIENCE AND MENTORSHIP, WHILE PREPARING FOR A FULL-TIME CAREER IN THEIR FIELD OF STUDY. FORTY-TWO SCHOLARS PARTICIPATED IN A PATHWAY PROGRAM IN FY2025. OPPORTUNITY PATHWAYS (OP): AT WALLIN, WE KNOW COLLEGE AND CAREER SUCCESS DOES NOT LOOK THE SAME FOR EVERYONE. OP PROVIDES ANOTHER PATHWAY FOR SCHOLARS HEADED TO A COMMUNITY COLLEGE. SCHOLARS RECEIVE THE SAME HOLISTIC SUPPORT OUR TRADITIONAL PROGRAM USES TO INCREASE ACCESS TO CAREER READY PROGRAMS AND INCREASED GRADUATION RATES FOR OUR OP STUDENTS. CURRENTLY, 382 STUDENTS PARTICIPATE IN THIS PROGRAM. HIGHLIGHTS: -WE ARE CURRENTLY SERVING 1,744 STUDENTS. -OVER 6,500 STUDENTS HAVE RECEIVED SUPPORT SINCE 1992. -WE PARTNER WITH 78 HIGH SCHOOLS. -65% OF OUR 4-YEAR GRADUATING SCHOLARS REPORTED NO DEBT COMPARED TO MINNESOTA'S 40%. -THE AVERAGE DEBT FOR WALLIN 4-YEAR SCHOLARS IS AROUND $5,000, ROUGHLY 1/4 OF THE $24,000 AVERAGE COLLEGE STUDENT IN MINNESOTA.

    Expenses $8,918,660 · Grants $5,480,091 · Revenue $15,000

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

Listed in Part VII

  • Mohamed Sallam

    PRESIDENT & CEO

    Total calculated
    $240,337
    From this org
    $232,148
    From related orgs
    $0
    Other
    $8,189
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $232,148
    Bonus
    $0
    Other
    $0
    Deferred
    $7,112
    Nontaxable benefits
    $1,077
    Filer's total
    $240,337
  • Melissa Pfeiffer

    VICE PRESIDENT OF FINANCE & OPERATIONS

    Total calculated
    $188,027
    From this org
    $172,544
    From related orgs
    $0
    Other
    $15,483
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $172,544
    Bonus
    $0
    Other
    $0
    Deferred
    $6,496
    Nontaxable benefits
    $8,987
    Filer's total
    $188,027
  • Erin Zondervan

    VICE PRESIDENT OF ADVANCEMENT

    Total calculated
    $151,696
    From this org
    $144,363
    From related orgs
    $0
    Other
    $7,333
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $144,363
    Bonus
    $0
    Other
    $0
    Deferred
    $5,828
    Nontaxable benefits
    $1,505
    Filer's total
    $151,696
  • Kevin Salkas

    VICE PRESIDENT OF ENROLLMENT & ANALYTICS

    Total calculated
    $140,447
    From this org
    $129,527
    From related orgs
    $0
    Other
    $10,920
    Hours/week
    40
  • La Tasha Shevlin

    DIRECTOR OF CAREER DEVELOPMENT

    Total calculated
    $125,658
    From this org
    $118,975
    From related orgs
    $0
    Other
    $6,683
    Hours/week
    40
  • Geoffrey Wilson

    CHIEF STRATEGY & IMPACT OFFICER

    Total calculated
    $123,031
    From this org
    $117,692
    From related orgs
    $0
    Other
    $5,339
    Hours/week
    40
  • Tasia Tigue

    VICE PRESIDENT OF PROGRAMS

    Total calculated
    $122,544
    From this org
    $113,058
    From related orgs
    $0
    Other
    $9,486
    Hours/week
    40
  • Kelly Henry

    CHAIR

    Total calculated
    $0
    Hours/week
    1
  • Kaleb Rumicho

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1
  • Mark Christenson

    TREASURER

    Total calculated
    $0
    Hours/week
    1
  • Helen Meyer

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.5
  • William Fehrenbach

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5
  • Stephen Friend

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5
  • Dr Rolando Garcia

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5
  • Katie Lawler

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5
  • Elizabeth Malkerson

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5
  • Irma Marquez Trapero

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5
  • Jim McCorkell

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5
  • Liwanag Ojala

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5
  • Gabe Philibert

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5
  • Daniel Shannon

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5
  • Bradford Wallin

    TRUSTEE

    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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
21 December 2025
IRS schema version
2024v5.2
Source object
202533589349300303

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