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← EDUCATION MINNESOTA FOUNDATION FOR EXCELLENCE IN TEACHING & LEARNING

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

Provenance

Return type
form_990
Tax year
2024
Filed
25 February 2026
IRS schema version
2024v5.0
Source object
202610839349300636

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