Form 990 for tax year 2024
Filed by EDUCATION MINNESOTA FOUNDATION FOR EXCELLENCE IN TEACHING & LEARNING.
Totals
- Total revenue
- $528,292
- Total expenses
- $620,525
- Contributions and grants received
- $393,981
- Grants paid
- $267,832
- Program service revenue
- $55,495
- Investment income
- $78,816
- Other revenue
- $0
- Total assets, end of year
- $1,665,024
- Total liabilities, end of year
- $27,584
- Net assets or fund balances, end of year
- $1,637,440
- Program services expenses (Part IX)
- $505,967
- Management and general expenses
- $114,558
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $505,967
Program services were 81.5% 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.
-
1f · All other contributions, gifts and grants
$393,981
-
2a · Program service revenue: GRANT AWARDS RETURNED
total $55,495 · related or exempt $55,495
-
3 · Investment income
total $78,816 · excluded $78,816
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $30,000 · program services $30,000
-
2 · Grants to domestic individuals
total $237,832 · program services $237,832
-
5 · Compensation of officers, directors and key employees
total $213,408 · program services $127,225 · management and general $86,183
-
7 · Other salaries and wages
total $62,290 · program services $62,290
-
9 · Other employee benefits
total $35,818 · program services $35,818
-
10 · Payroll taxes
total $15,736 · program services $11,335 · management and general $4,401
-
11c · Fees: accounting
total $6,425 · management and general $6,425
-
12 · Advertising and promotion
total $4,893 · management and general $4,893
-
13 · Office expenses
total $2,847 · program services $1,121 · management and general $1,726
-
17 · Travel
total $11,276 · program services $346 · management and general $10,930
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $590,407 · end of year $700,386
-
3 · Pledges and grants receivable
beginning of year $26,716 · end of year $12,277
-
11 · Investments: publicly traded securities
beginning of year $899,925 · end of year $952,361
-
12 · Investments: other securities
beginning of year $246,492
-
17 · Accounts payable and accrued expenses
beginning of year $2,401 · end of year $2,940
-
18 · Grants payable
beginning of year $31,376 · end of year $19,049
-
25 · Other liabilities
beginning of year $4,991 · end of year $5,595
-
27 · Net assets without donor restrictions
beginning of year $1,724,772 · end of year $1,635,040
-
28 · Net assets with donor restrictions
end of year $2,400
Mission and programs · 2024
Mission
PROVIDE FINANCIAL SUPPORT FOR INNOVATIVE PROGRAMS INITIATED BY EDUCATION MINNESOTA MEMBERS AND AFFILIATES THAT PROMOTE EDUCATIONAL ACCESS FOR LEARNERS & EXCELLENCE IN TEACHING.
-
PROVIDE FINANCIAL SUPPORT FOR INNOVATIVE PROGRAMS INITIATED BY EDUCATION MINNESOTA MEMBERS AND AFFILIATES THAT PROMOTE EDUCATIONAL ACCESS FOR LEARNERS & EXCELLENCE IN TEACHING.
Expenses $505,967 · Grants $267,832
As filed on the 2024 return.
Listed in Part VII
-
MONICA BYRON
PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
DENISE SPECHT 9124 - 63025
FORMER PRESI
- Total calculated
- $0
- Hours/week
- 1
-
MARTY FRIDGEN
VICE PRESIDE
- Total calculated
- $0
- Hours/week
- 1
-
LISA NELSON
FOUNDATION P
- Total calculated
- $0
- Hours/week
- 1
-
RYAN FIERECK
SECRETARY -T
- Total calculated
- $0
- Hours/week
- 1
-
RODNEY ROWE 9124 - 63025
SECRETARY -T
- Total calculated
- $0
- Hours/week
- 1
-
MATT DEMPSEY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
VALARIE MCWILLIAMS JONES
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
MYRIAM CASTRO-FRANCO
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
MICHELLE UREVIG-GRILZ
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
PETER RAY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
KIAH TREMBLE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
CARRIE SPARKS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
KAMILLE WELLS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
SUSANNE WESTEGAARD
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
DAYONNA KNUTSON
FOUNDATION D
- Total calculated
- $187,113
- From this org
- $0
- From related orgs
- $139,465
- Other
- $47,648
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- not reported + $139,465 related
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- not reported + $47,648 related
- Filer's total
- not reported + $187,113 related
-
MICHAEL ROEHL
CFO
- 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. 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
None.
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
-
IMPACT
-
IMPACT
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 25 February 2026
- IRS schema version
- 2024v5.0
- Source object
- 202610839349300636
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