Eagle Foundation
- Assets
- $27.4m
- Revenue
- $1.7m
- Investments
- $19.4m
- Employees
- 0
- Location
- Chaska, MN
- Founding
- 03/2007
- Data as of
- 12/2022
- EIN
- 20-8070601
Organization Overview
Eagle Foundation is located in Chaska, MN. The organization was established in 2007. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Eagle Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Eagle Foundation generated $1.7m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of 0.0% each year. All expenses for the organization totaled $1.0m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (0.5%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Eagle Foundation has awarded 750 individual grants totaling $10,027,983. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark D Hanson President, Treasurer Dir. | 1 | $0 | |
Nancy Hanson Secretary, Dir | 1 | $0 | |
Kari M Hanson V.p., Dir. | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $51,173 |
| Interest on Savings | $144,535 |
| Dividends & Interest | $388,731 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,077,342 |
| Capital Gain Net Income | $1,077,342 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,661,781 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $18,687 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $971 |
| Total operating and administrative expenses | $49,759 |
| Contributions, gifts, grants paid | $976,794 |
| Total expenses and disbursements | $1,026,553 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $120,566 |
| Savings and temporary cash investments | $7,907,720 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $19,381,227 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $27,409,513 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Eagle Foundation has awarded $976,794 in support to 89 organizations.
| Grant Recipient | Amount |
|---|---|
ASBURY UNIVERSITY - WILMORE KY PURPOSE: TUITION REDUCTION | $5,000 |
ANOKA RAMSEY COMMUNITY COLLEGE PURPOSE: TUITION REDUCTION | $5,000 |
ADVENTHEALTH UNIVERSITY PURPOSE: TUITION REDUCTION | $5,000 |
ABILENE CHRISTIAN UNIVERSITY PURPOSE: TUITION REDUCTION | $5,000 |
ALEXANDRIA TECHNICAL COMMUNITY COLLEGE PURPOSE: TUITION REDUCTION | $5,000 |
MINNEAPOLIS COMMUNITY & TECHNICAL COLLEGE PURPOSE: TUITION REDUCTION | $1,500 |