Education Foundation Of The Forest Lake Area
- Assets
- $216.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Forest Lake, MN
- Founding
- 05/2010
- Data as of
- 06/2023
- 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 06/2023, Education Foundation Of The Forest Lake Area generated $65.8k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.3% each year. All expenses for the organization totaled $67.5k during the year ending 06/2023. While expenses have increased by 10.4% per year over the past 8 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
2023
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 |
|---|---|---|---|
Alex Keto Chairperson | 1 | $0 | |
Kelly Tschudy-Lafean Vice Chairpe | 1 | $0 | |
Julie Ohman Secretary | 1 | $0 | |
Jesse Johnson Treasurer | 1 | $0 | |
Steve Massey Board Member | 1 | $0 | |
Jill Krautkremer Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $65,218 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $2,876 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | -$2,295 |
| Other Revenue | $0 |
| Total Revenue | $65,799 |
| 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 | $6,698 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $12,424 |
| Total expenses | $67,459 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $216,558 |
| Other assets | $0 |
| Total assets | $216,558 |
| Total liabilities | $38,454 |
| Net assets or fund balances | $178,104 |