Grafton Educational Foundation
- Assets
- $941.2k
- Revenue
- $126.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Grafton, ND
- Founding
- 08/2012
- Data as of
- 12/2022
- EIN
- 27-3720524
Organization Overview
Grafton Educational Foundation is located in Grafton, ND. The organization was established in 2012. 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. Grafton Educational 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, Grafton Educational Foundation generated $126.3k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.0% each year. All expenses for the organization totaled $168.5k during the year ending 12/2022. While expenses have increased by 3.9% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE GRAFTON EDUCATIONAL FOUNDATION INC. IS TO PROVIDE FINANCIAL SUPPORT FOR EDUCATIONAL PURPOSES WITHIN THE GRAFTON PUBLIC SCHOOL DISTRICT #18 AND TO SUPPORT THE DEVELOPMENT AND MAINTENANCE OF GRAFTON PUBLIC SCHOOL DISTRICT #18 PROPERTIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORT IS PROVIDED TO GRAFTON PUBLIC SCHOOL DISTRICT #18 TO ENHANCE OPPORTUNITIES FOR STUDENTS AND STRUCTUAL ELEMENTS OF THE SCHOOL FACILITIES. THIS SUPPORT HELPS PROVIDES ACCESS TO LEARNING AND EDUCATIONAL EXPERIENCES FOR STUDENTS.
ND COMMUNITY FOUNDATION - FUNDING OF AN ENDOWMENT FUND FOR LOCAL SCHOLARSHIPS.
THE GRAFTON EDUCATION FOUNDATION PROVIDED MONEY TO PURCHASE BOOKS FOR LOCAL PRESCHOOLERS THROUGH THE IMAGINATION LIBRARY PROGRAM OF THE DOLLYWOOD FOUNDATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cathi Heuchert Treasurer | OfficerTrustee | 2 | $0 |
Donald Suda President | OfficerTrustee | 2 | $0 |
Maggie Suda Director | Trustee | 1 | $0 |
Trina Papenfuss Director | Trustee | 1 | $0 |
Jennifer Thompson Director | Trustee | 1 | $0 |
Chad Bigwood Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $7,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $85,697 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $92,697 |
| Total Program Service Revenue | $225 |
| Investment income | $17,676 |
| Tax Exempt Bond Proceeds | $2,433 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $13,227 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $126,258 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $136,564 |
| Grants and other assistance to domestic individuals. | $22,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $10 |
| Fees for services: Accounting | $925 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $62 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $168,450 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $121,901 |
| Savings and temporary cash investments | $235,834 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $583,471 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $941,206 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $941,206 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $941,206 |
Grants Awarded
Over the last fiscal year, Grafton Educational Foundation has awarded $350,108 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
GRAFTON PUBLIC SCHOOL DISTRIC PURPOSE: EDUCATION & SCHOOL PROPERTIES | $300,108 |
ND COMMUNITY FOUNDATION PURPOSE: LOCAL SCHOLARSHIPS | $50,000 |