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← ISD NO 197 EDUCATIONAL FOUNDATION

Form 990 for tax year 2023

Filed by ISD NO 197 EDUCATIONAL FOUNDATION.

Totals

Total revenue
$109,815
Total expenses
$41,863
Contributions and grants received
$61,064
Grants paid
$39,143
Program service revenue
$0
Investment income
$12,021
Other revenue
$36,730
Total assets, end of year
$330,575
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$330,575
Program services expenses (Part IX)
$39,143
Management and general expenses
$2,720
Fundraising expenses
$0
Program service expenses (Part III)
$39,143

Program services were 93.5% 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

    $39,487

  • 1f · All other contributions, gifts and grants

    $21,577

  • 3 · Investment income

    total $6,957 · excluded $6,957

  • 7a · Gross sales of assets other than inventory

    securities $88,885

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

    securities $83,821

  • 7c · Gain or loss

    securities $5,064

  • 7d · Net gain or loss

    total $5,064 · excluded $5,064

  • 8a · Fundraising events: gross income

    $32,815

  • 8a · Fundraising events: contributions included on line 1c

    $39,487

  • 8b · Fundraising events: direct expenses

    $3,865

  • 8c · Net income from fundraising events

    total $28,950 · excluded $28,950

  • 9a · Gaming: gross income

    $12,860

  • 9b · Gaming: direct expenses

    $5,156

  • 9c · Net income from gaming

    total $7,704 · excluded $7,704

  • 11a · Other revenue: MISCELLANEOUS

    total $76 · excluded $76

  • 11e · Other revenue, total

    $76

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $39,143 · program services $39,143

  • 11c · Fees: accounting

    total $1,715 · management and general $1,715

  • 13 · Office expenses

    total $326 · management and general $326

  • 24a · Other expenses: MISCELLANEOUS EXPENSES

    total $554 · management and general $554

  • 24b · Other expenses: STATE FILING FEES

    total $125 · management and general $125

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $36,932 · end of year $31,738

  • 2 · Savings and temporary cash investments

    beginning of year $216,674 · end of year $298,837

  • 27 · Net assets without donor restrictions

    beginning of year $253,606 · end of year $330,575

Mission and programs · 2023

Mission

THE FOUNDATION'S PRIMARY EXEMPT PURPOSE IS TO PROVIDE FINANCIAL SUPPORT FOR EDUCATIONAL AND CURRICULAR PROGRAMS FOR STUDENTS IN ISD NTO. 197 AND TO ENHANCE EDUCATIONAL EXPERIENCES AND OPPORTUNITIES FOR STUDENTS FROM PRESCHOOL THROUGH GRADE 12 WITHIN THE ISD NO. 197 BOUNDARIES.

  • IN 2023, I.S.D. NO. 197 WAS ABLE TO PROVIDE GRANTS TO SUPPORT A WIDE VARIETY OF ENRICHMENT PROJECTS (INCLUDING LITERACY, MUSIC, AND THEATRE) AND MULTIPLE BEHAVIORAL SUPPORT PROGRAMS TO IMPROVE THE LEARNING ENVIRONMENT FOR ALL STUDENTS.

    Expenses $39,143 · Grants $39,143

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Dean Verdoes

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.5

  • Lucas Kanavati

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Heather Ashley

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Elizabeth Moran

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Gregg Cummings

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Scott Van

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kendra Klemme

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Laurie Tostrud

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Erin Munson

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Steven Ashley

    TREASURER

    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

  • MORELAND ARTS & HEALTH SCIENCES MAGNET SCHOOL

    $7,620

    PROVIDES PARTIAL FUNDING FOR PRODUCTION OF THE 4TH GRADE CAPSTONE MUSICAL, PURCHASE OF APPLICATION SUBSCRIPTION, POSITIVE BEHAVIORAL INTERVENTIONS AND SUPPORTS (PBIS) MAESTRO NOTES AND PLAYGROUND EQUIPMENT.

  • MENDOTA ELEMENTARY SCHOOL

    $7,000

    INSTALLATION OF AN ACCESSIBLE OUTDOOR LEARNING SPACE ADJACENT TO THE SCHOOL BUILDING

  • HERITAGE E-STEM MAGNET SCHOOL

    $6,377

    FUNDS PURCHASE OF THE SPHERO BOLT, A PROGRAMMABLE ROBOTIC BALL, FUNDS TO SUPPORT GRADES 5-8 MATH TEAMS COMPETING IN REGIONAL MATH COMPETITIONS, PARTIALLY FUNDS FIELD TRIPS TO COLLEGES TO EXPOSE LATINX 6TH-8TH GRADERS TO THE COLLEGE EXPERIENCE.

  • TWO RIVERS HIGH SCHOOL

    $5,395

    FUNDS PURCHASE OF 40 SUBSCRIPTIONS TO ROSETTA STONE FOR USE IN THE NEWCOMER ENGLISH LANGUAGE LEARNING LAB AT TWO RIVERS HIGH SCHOOL.

Provenance

Return type
form_990
Tax year
2023
Filed
7 May 2024
IRS schema version
2023v5.0
Source object
202401299349300615

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