Education Foundation Of The Forest Lake Area
- Assets
- $176.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Forest Lake, MN
- Founding
- 05/2010
- Data as of
- 06/2021
- EIN
- 27-0535097
Organization Overview
Education Foundation Of The Forest Lake Area is located in Forest Lake, MN. The organization was established in 2010. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, 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. Education Foundation Of The Forest Lake Area 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 06/2021, Education Foundation Of The Forest Lake Area generated $73.5k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 9.1% each year. All expenses for the organization totaled $48.7k during the year ending 06/2021. While expenses have increased by 8.0% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
THE FOUNDATIONS EFFORTS BRING TOGETHER COMMUNITY, PRIVATE SECTOR AND SCHOOL SYSTEM RESOURCES BY: INVESTING IN INITIATIVES THAT ENHANCE OUR COMMUNITIES EDUCATIONAL OPPORTUNITIES; AWARDING GRANTS AND PROVIDING ASSISTANCE TO INDIVIDUALS AND PROGRAMS, AND; SUPPORTING IDEAS THAT PROMOTE INNOVATION AND ACADEMIC EXCELLENCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Julie Ohman Secretary | 1 | $0 | |
Kelly Tschudy-Lafean Vice Chair | 1 | $0 | |
Steve Massey Program/deve | 1 | $0 | |
Todd Proulx Treasurer | 1 | $0 | |
Jill Krautkremer Grants Chair | 1 | $0 | |
Alex Keto Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $62,480 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $11,919 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | -$929 |
| Other Revenue | $0 |
| Total Revenue | $73,470 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $6,297 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $17,756 |
| Total expenses | $48,659 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $176,220 |
| Other assets | $0 |
| Total assets | $176,220 |
| Total liabilities | $2,288 |
| Net assets or fund balances | $173,932 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Education Foundation Of The Forest Lake Area has recieved totaling $500.
| Awarding Organization | Amount |
|---|---|
Connexus Energy Foundation Ramsey, MN PURPOSE: DONATION - TEFFLA AT WALDOCH FARMS | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Grinnell College Medical Benefit Plan Trust Agreement Grinnell, IA | $11,174,588 | $9,791,771 |
University Of Wisconsin-Eau Claire Foundation Inc Eau Claire, WI | $103,402,476 | $22,599,486 |
Iowa State University Research Park Corp Ames, IA | $68,199,725 | $11,124,615 |
Minnesota State University Mankato Foundation Incorporated Mankato, MN | $77,015,205 | $9,285,148 |
University Gateway Corporation Minneapolis, MN | $78,655,248 | $6,023,242 |
Charles & Ellora Alliss Educational Foundation Milwaukee, WI | $87,576,345 | $9,781,011 |
Iowa High School Athleticassociation Boone, IA | $17,327,220 | $5,760,245 |
St Cloud State University Foundation Inc St Cloud, MN | $54,919,652 | $10,818,973 |
Hmong Education Reform Company St Paul, MN | $74,819,992 | $9,901,803 |
Isu Veterinary Services Corporation Des Moines, IA | $3,723,871 | $7,166,183 |
University Of Wisconsin Green Bay Foundation Inc Green Bay, WI | $63,454,275 | $9,667,784 |
University Of Minnesota Foundation Investment Advisors Minneapolis, MN | $2,748,098 | $5,244,210 |