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← EDUCATION MINNESOTA FOUNDATION FOR EXCELLENCE IN TEACHING & LEARNING

Form 990 for tax year 2023

Filed by EDUCATION MINNESOTA FOUNDATION FOR EXCELLENCE IN TEACHING & LEARNING.

Totals

Total revenue
$540,329
Total expenses
$673,836
Contributions and grants received
$430,569
Grants paid
$342,434
Program service revenue
$34,117
Investment income
$75,643
Other revenue
$0
Total assets, end of year
$1,763,540
Total liabilities, end of year
$38,768
Net assets or fund balances, end of year
$1,724,772
Program services expenses (Part IX)
$567,141
Management and general expenses
$106,695
Fundraising expenses
$0
Program service expenses (Part III)
$567,141

Program services were 84.2% 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

    $430,569

  • 2a · Program service revenue: GRANT AWARDS RETUNED

    total $34,117 · related or exempt $34,117

  • 3 · Investment income

    total $75,643 · excluded $75,643

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $44,700 · program services $44,700

  • 2 · Grants to domestic individuals

    total $297,734 · program services $297,734

  • 5 · Compensation of officers, directors and key employees

    total $199,979 · program services $119,294 · management and general $80,685

  • 7 · Other salaries and wages

    total $59,584 · program services $59,584

  • 9 · Other employee benefits

    total $34,273 · program services $34,273

  • 10 · Payroll taxes

    total $15,067 · program services $10,812 · management and general $4,255

  • 11c · Fees: accounting

    total $5,925 · management and general $5,925

  • 12 · Advertising and promotion

    total $5,555 · management and general $5,555

  • 13 · Office expenses

    total $2,464 · program services $131 · management and general $2,333

  • 17 · Travel

    total $8,555 · program services $613 · management and general $7,942

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $1,015,022 · end of year $590,407

  • 3 · Pledges and grants receivable

    beginning of year $18,616 · end of year $26,716

  • 11 · Investments: publicly traded securities

    beginning of year $839,544 · end of year $899,925

  • 12 · Investments: other securities

    end of year $246,492

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,635 · end of year $2,401

  • 18 · Grants payable

    beginning of year $24,140 · end of year $31,376

  • 25 · Other liabilities

    beginning of year $18,960 · end of year $4,991

  • 27 · Net assets without donor restrictions

    beginning of year $1,826,447 · end of year $1,724,772

Mission and programs · 2023

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 $567,141 · Grants $342,434

As filed on the 2023 return.

Listed in Part VII

  • Denise Specht

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Lisa Nelson

    FOUNDATION P

    Total calculated
    $0
    Hours/week
    1

  • Monica Byron

    VICE PRESIDE

    Total calculated
    $0
    Hours/week
    1

  • Rodney Rowe

    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

  • Sue Snyder

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Dawn Paro-Strother

    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
    $196,947
    From this org
    $0
    From related orgs
    $133,549
    Other
    $63,398
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    not reported + $133,549 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported + $63,398 related
    Nontaxable benefits
    not reported
    Filer's total
    not reported + $196,947 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
2023
Filed
3 March 2025
IRS schema version
2023v6.0
Source object
202500739349301025

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