Form 990 for tax year 2025
Filed by GREATER NICOLLET AREA COMMUNITY FOUNDATION.
Totals
- Total revenue
- $62,305
- Total expenses
- $42,583
- Contributions and grants received
- $20,376
- Grants paid
- $40,552
- Program service revenue
- $0
- Investment income
- $41,929
- Other revenue
- $0
- Total assets, end of year
- $792,297
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $792,297
- Program services expenses (Part IX)
- $40,552
- Management and general expenses
- $2,031
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $40,552
Program services were 95.2% 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
$20,376
-
3 · Investment income
total $26,701 · related or exempt $26,701
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7a · Gross sales of assets other than inventory
securities $50,000
-
7b · Less cost or other basis and sales expenses
securities $34,772
-
7c · Gain or loss
securities $15,228
-
7d · Net gain or loss
total $15,228 · related or exempt $15,228
-
8c · Net income from fundraising events
total $0
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $40,552 · program services $40,552
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $0
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $0
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $0
-
10 · Payroll taxes
total $0
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $1,450 · management and general $1,450
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $0
-
12 · Advertising and promotion
total $104 · management and general $104
-
13 · Office expenses
total $51 · management and general $51
-
14 · Information technology
total $244 · management and general $244
-
15 · Royalties
total $0
-
16 · Occupancy
total $0
-
17 · Travel
total $0
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $0
-
23 · Insurance
total $0
-
24a · Other expenses: PO Box Rental
total $72 · management and general $72
-
24b · Other expenses: Postage and Shipping
total $55 · management and general $55
-
24c · Other expenses: Processing Fees
total $30 · management and general $30
-
24d · Other expenses: State Filing Fees
total $25 · management and general $25
-
24e · All other expenses
total $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $15,566 · end of year $23,928
-
2 · Savings and temporary cash investments
beginning of year $62,997 · end of year $91,285
-
3 · Pledges and grants receivable
end of year $0
-
4 · Accounts receivable
end of year $0
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
end of year $0
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
end of year $0
-
10c · Land, buildings and equipment, net
end of year $0
-
11 · Investments: publicly traded securities
beginning of year $636,191 · end of year $677,084
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
end of year $0
-
31 · Retained earnings, endowment or other funds
beginning of year $714,754 · end of year $792,297
Mission and programs · 2025
Mission
Community Improvement
-
Nicollet Public School to provide the early childhood program with additional playground improvement; to assist with the junior achievement classroom program; assisting with field trip grants; for purchasing new baseball equipment and softball field renovations; purchase of new music folders for choir program; and assisting with the theater production collaboration with a local college.
Expenses $17,660 · Grants $17,660
-
The foundation awarded additional grants to the Nicollet American Legion Post for facility improvements to the organizations kitchen remodel project and community local parade and festivities.
Expenses $13,815 · Grants $13,815
-
Grant to assist with the expansion of community pickle-ball courts and nets.
Expenses $3,188 · Grants $3,188
-
Trinity Lutheran School to assist with playground resurfacing renovation project.
Expenses $3,000 · Grants $3,000
-
Feeding Our Communities Partners for the local community Backpack Program - for hunger relief resources for the Greater Nicollet Area.
Expenses $2,000 · Grants $2,000
-
Immanuel Lutheran School for State Capital Field trip for 5th through 8th Graders.
Expenses $489 · Grants $489
-
Norseland 4-H Club to provide club activity sponsorship.
Expenses $400 · Grants $400
As filed on the 2025 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Lynnita Schmidt
Director
- Total calculated
- $0
- Hours/week
- 3
-
Nick Thom
Director
- Total calculated
- $0
- Hours/week
- 3
-
Josh Oldenborg
Director
- Total calculated
- $0
- Hours/week
- 3
-
Cathy Potter
Director
- Total calculated
- $0
- Hours/week
- 3
-
Adam Erickson
Director
- Total calculated
- $0
- Hours/week
- 3
-
Susan Keithahan
President
- Total calculated
- $0
- Hours/week
- 9
-
Becky Wagner
Secretary
- Total calculated
- $0
- Hours/week
- 3
-
Janet Renne
Treasurer
- Total calculated
- $0
- Hours/week
- 9
-
Bonnie Barrer
Vice President
- Total calculated
- $0
- Hours/week
- 9
-
Chuck Peters
Treasurer
- Total calculated
- $0
- Hours/week
- 9
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.
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
-
Nicollet American Legion
$12,000
Remodeling Kitchen Project
Provenance
- Return type
- form_990
- Tax year
- 2025
- Filed
- 12 May 2026
- IRS schema version
- 2025v4.1
- Source object
- 202601329349304980
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