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Nonprofiteer
← FERGUS FALLS 544 EDUCATON FOUNDATION

Form 990 for tax year 2023

Filed by FERGUS FALLS 544 EDUCATON FOUNDATION.

Totals

Total revenue
$501,636
Total expenses
$157,227
Contributions and grants received
$413,120
Grants paid
$84,355
Program service revenue
$0
Investment income
$75,455
Other revenue
$13,061
Total assets, end of year
$2,334,149
Total liabilities, end of year
$213,356
Net assets or fund balances, end of year
$2,120,793
Program services expenses (Part IX)
$109,696
Management and general expenses
$40,000
Fundraising expenses
$7,531
Program service expenses (Part III)
$109,696

Program services were 69.8% 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.

  • 1b · Membership dues

    $323,459

  • 1f · All other contributions, gifts and grants

    $89,661

  • 3 · Investment income

    total $51,929 · excluded $51,929

  • 7a · Gross sales of assets other than inventory

    other assets $23,526

  • 7c · Gain or loss

    other assets $23,526

  • 7d · Net gain or loss

    total $23,526 · excluded $23,526

  • 8a · Fundraising events: gross income

    $24,955

  • 8b · Fundraising events: direct expenses

    $14,387

  • 8c · Net income from fundraising events

    total $10,568

  • 11a · Other revenue: OTHER INCOME

    total $2,493 · related or exempt $2,493

  • 11e · Other revenue, total

    $2,493

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $72,855 · program services $72,855

  • 2 · Grants to domestic individuals

    total $11,500 · program services $11,500

  • 11a · Fees: management

    total $36,000 · program services $8,640 · management and general $24,480 · fundraising $2,880

  • 11c · Fees: accounting

    total $3,280 · management and general $3,280

  • 12 · Advertising and promotion

    total $16,603 · program services $8,301 · management and general $8,302

  • 23 · Insurance

    total $1,934 · management and general $1,934

  • 24a · Other expenses: NEWSLETTER

    total $9,301 · program services $4,650 · fundraising $4,651

  • 24b · Other expenses: AWARDS & RECOGNITION

    total $3,750 · program services $3,750

  • 24c · Other expenses: ADMINISTRATIVE

    total $2,004 · management and general $2,004

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $148,261 · end of year $47,836

  • 2 · Savings and temporary cash investments

    beginning of year $95,595 · end of year $350,167

  • 11 · Investments: publicly traded securities

    beginning of year $1,689,874 · end of year $1,936,146

  • 21 · Escrow or custodial account liability

    beginning of year $304,014 · end of year $213,356

  • 27 · Net assets without donor restrictions

    beginning of year $766,192 · end of year $1,138,159

  • 28 · Net assets with donor restrictions

    beginning of year $863,524 · end of year $982,634

Mission and programs · 2023

Mission

TO PROVIDE FINANCIAL SUPPORT TO IMPROVE THE EDUCATIONAL PROGRAMS OF INDEPENDENT SCHOOL DISTRICT 544, PROVIDE SCHOLARSHIPS FOR ALUMNI AND STUDENTS OF ISD 544, AND PROVIDE SUPPORT FOR ENHANCEMENT OF ISD 544 FACILITIES.

  • GRANTS WERE AWARDED TO ISD 544 AND SPECIAL EDUCATION COOPERATIVE TO FUND REQUESTS FROM FACULTY AND ADMINISTRATION TO ENHANCE PROGRAM DELIVERY.

    Expenses $98,196 · Grants $72,855

  • SCHOLARSHIPS WERE AWARDED TO ISD 544 GRADUATING STUDENTS TO DEFRAY THE EXPENSE OF HIGHER EDUCATION.

    Expenses $11,500 · Grants $11,500

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

Listed in Part VII

  • AMY ANDERSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • SARAH CASEY

    VICE PRESIDE

    Total calculated
    $0
    Hours/week
    1

  • SCOTT DEBRITO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • KRISTI DINSMORE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MARY DOLAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • TERRY HARRINGTON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DACIA JOHNSON

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • KELSEE MACINTOSH-ELLIG

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • NICK MARIOTTI

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • STEVE MOURITSEN

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • TONY RENDZ

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ABBIE THURMES

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JON WALVATNE

    DIRECTOR

    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

Provenance

Return type
form_990
Tax year
2023
Filed
14 November 2024
IRS schema version
2023v5.0
Source object
202433199349315363

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