Page Education Foundation
- Assets
- $9.4m
- Revenue
- $3.0m
- Investments
- $0.0
- Employees
- 7
- Location
- Minneapolis, MN
- Founding
- 02/1989
- Data as of
- 06/2021
- EIN
- 36-3605013
Organization Overview
Page Education Foundation is located in Minneapolis, MN. The organization was established in 1989. According to its NTEE Classification (B19) the organization is classified as: Support N.E.C., under the broad grouping of Education and related organizations. As of 06/2022, Page Education Foundation employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Page Education 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 06/2021, Page Education Foundation generated $3.0m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 12.8% each year . All expenses for the organization totaled $1.6m during the year ending 06/2021. While expenses have increased by 2.7% per year over the past 4 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO ENCOURAGE MINNESOTA'S YOUTH OF COLOR TO PURSUE POST-SECONDARY EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATING PAGE GRANT PROGRAM AWARDED TO STUDENTS OF COLOR WHO GRADUATE FROM A MINNESOTA HIGH SCHOOL AND ATTEND A MINNESOTA POST-SECONDARY EDUCATION INSTITUTION. 2021-2022 SCHOLARSHIP GRANTS WERE MADE TO 470 STUDENTS.
STAFF TIME AND OTHER EXPENSES ALLOCATED TO PAGE GRANT, SERVICE TO CHILDREN, AND PAGE CONNECTIONS PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alan Page President | OfficerTrustee | 15 | $0 |
Michael Jordan Vice President | OfficerTrustee | 1 | $0 |
Karen Boros Secretary | OfficerTrustee | 1 | $0 |
Justin Page Director | Trustee | 1 | $0 |
John Farni Treasurer | OfficerTrustee | 1 | $0 |
Amanda Moua Executive Director | Trustee | 40 | $99,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,891,550 |
| Investment income | $49,370 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $78,603 |
| Net Income from Fundraising Events | -$45,103 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $17,181 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,991,601 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $996,088 |
| 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 to disqualified persons | $0 |
| Other salaries and wages | $350,132 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $9,799 |
| Payroll taxes | $26,649 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $33,792 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $13,643 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $23,545 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $71,959 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $722 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $12,083 |
| Insurance | $3,954 |
| All other expenses | $0 |
| Total functional expenses | $1,624,672 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,112,281 |
| Savings and temporary cash investments | $0 |
| 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 | $25,177 |
| Prepaid expenses and deferred charges | $30,000 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $216,942 |
| Total assets | $9,424,762 |
| Accounts payable and accrued expenses | $21,899 |
| 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 | $21,899 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $9,402,863 |