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← FRIENDS OF EDUCATION

Form 990 for tax year 2024

Filed by FRIENDS OF EDUCATION.

Totals

Total revenue
$1,447,421
Total expenses
$1,230,285
Contributions and grants received
$1,380,801
Grants paid
$144,870
Program service revenue
$0
Investment income
$66,620
Other revenue
$0
Total assets, end of year
$5,898,011
Total liabilities, end of year
$13,303
Net assets or fund balances, end of year
$5,884,708
Program services expenses (Part IX)
$1,181,152
Management and general expenses
$40,833
Fundraising expenses
$8,300
Program service expenses (Part III)
$1,181,152

Program services were 96.0% 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.

  • 1f · All other contributions, gifts and grants

    $1,380,801

  • 3 · Investment income

    total $66,620 · excluded $66,620

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $144,870 · program services $144,870

  • 11a · Fees: management

    total $545,341 · program services $535,302 · management and general $10,039

  • 11b · Fees: legal

    total $8,684 · program services $8,684

  • 11c · Fees: accounting

    total $29,115 · program services $29,115

  • 11g · Fees: other

    total $458,602 · program services $458,602

  • 12 · Advertising and promotion

    total $19,771 · management and general $19,771

  • 13 · Office expenses

    total $3,534 · management and general $3,534

  • 19 · Conferences, conventions and meetings

    total $4,579 · program services $4,579

  • 24a · Other expenses: FUNDRAISING

    total $8,300 · fundraising $8,300

  • 24b · Other expenses: MEMBERSHIPS

    total $7,012 · management and general $7,012

  • 24c · Other expenses: BANK CHARGES

    total $477 · management and general $477

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $118,270 · end of year $97,129

  • 2 · Savings and temporary cash investments

    beginning of year $315,412 · end of year $704,342

  • 9 · Prepaid expenses and deferred charges

    beginning of year $76,865

  • 11 · Investments: publicly traded securities

    beginning of year $4,401,213 · end of year $5,096,540

  • 17 · Accounts payable and accrued expenses

    beginning of year $21,289 · end of year $13,303

  • 27 · Net assets without donor restrictions

    beginning of year $4,890,471 · end of year $5,884,708

Mission and programs · 2024

Mission

THE ORGANIZATION'S MISSION IS TO IMPROVE THE EDUCATION OF CHILDREN.

  • TO AUTHORIZE CHARTER SCHOOLS.

    Expenses $807,053

  • TO SUPPORT PROGRAMS WHICH IMPROVE STUDENT ACHIEVEMENT.

    Expenses $374,099 · Grants $144,870

As filed on the 2024 return.

Listed in Part VII

  • Mark Rohde

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • James Kopp

    DIRECTOR/CHAIRMAN

    Total calculated
    $0
    Hours/week
    2

  • Mike Frey

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Beth Topoluk

    DIRECTOR/SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Darin Opperman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • John Bendt

    DIRECTOR/TREASURER

    Total calculated
    $0
    Hours/week
    2

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

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • STUDENT ACHIEVEMENT MINNESOTA LLC

    SPONSOR CHARTER SCHOOLS · MN · income $58,248 · assets $48,873

    Directly controlled by FRIENDS OF EDUCATION

Provenance

Return type
form_990
Tax year
2024
Filed
5 February 2026
IRS schema version
2024v5.5
Source object
202600719349301910

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