Moline Public Schools Foundation Inc
- Assets
- $1.4m
- Revenue
- $48.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Moline, IL
- Founding
- 02/1995
- Data as of
- 06/2021
- EIN
- 36-3651751
Organization Overview
Moline Public Schools Foundation Inc is located in Moline, IL. The organization was established in 1995. According to its NTEE Classification (E90) the organization is classified as: Nursing, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Moline Public Schools Foundation Inc 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, Moline Public Schools Foundation Inc generated $48.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (7.4%) each year. All expenses for the organization totaled $52.5k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (5.5%) per year over the past 6 years. 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
THE PRIMARY PURPOSE OF THE FOUNDATION IS TO PROVIDE EXCELLENCE IN EDUCATION TO STUDENTS OF MOLINE, ILLINOIS SCHOOL DISTRICT #40 BY PROVIDING FUNDING FOR EDUCATIONAL PROJECTS THROUGHOUT THE SCHOOL DISTRICT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE GRANTS AND FUNDING FOR EDUCATIONAL PROJECTS THROUGHOUT THE MOLINE, IL SCHOOL DISTRICT #40.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karen Dalstrom Executive Director | Officer | 25 | $1,700 |
Robin Hanley Treasurer | Trustee | 2 | $0 |
Debbie Bohman President | Trustee | 2 | $0 |
Emily Menke Secretary | Trustee | 2 | $0 |
Riley Beltamea Director | Trustee | 1 | $0 |
Matt Dabaene Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $7,032 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $20,769 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $27,801 |
| Total Program Service Revenue | $0 |
| Investment income | $20,202 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $48,003 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $19,667 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,700 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $23,000 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $1,900 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,018 |
| Fees for services: Accounting | $0 |
| 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 | $0 |
| Information technology | $505 |
| 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 | $52,538 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $37,127 |
| Savings and temporary cash investments | $103,161 |
| 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 | $1,259,191 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $34,352 |
| Total assets | $1,433,831 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $27,604 |
| 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 | $34,352 |
| Total liabilities | $61,956 |
| Net assets without donor restrictions | $107,681 |
| Net assets with donor restrictions | $1,264,194 |
| 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 | $1,433,831 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Moline Public Schools Foundation Inc has recieved totaling $8,815.
| Awarding Organization | Amount |
|---|---|
United Way Quad Cities Bettendorf, IA PURPOSE: UW INVESTMENT IN EDUCATION STRATEGIES & DONOR DESIGNATED FUNDS | $8,231 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $584 |
Endowment Analysis
| Beg. Balance | $980,079 |
| Earnings | $331,900 |
| Admin Expense | $80 |
| Other Expense | $52,708 |
| Ending Balance | $1,259,191 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Westlake Health Foundation Oakbrook Terrace, IL | $174,420,740 | $17,879,146 |
Aspirus Extended Services Inc Wausau, WI | $3,801,407 | $4,592,675 |
Sinsinawa Nursing Inc Watertown, WI | $3,412,383 | $7,285,712 |
The Legacy At St Josephs Home Kenosha, WI | $5,673,666 | $3,561,288 |
Home Centered Care Institute Schaumburg, IL | $3,863,726 | $2,799,847 |
Association For Nursing Professional Development Chicago, IL | $6,574,208 | $3,317,405 |
Oakwood Foundation Inc Madison, WI | $25,308,403 | $3,654,995 |
Foundation For Springfield Public Schools Springfield, MO | $6,291,799 | $1,818,272 |
Cardinal Ritter Senior Services St Louis, MO | $642,900 | $773,559 |
St Johns Healing Community Board Collinsville, IL | $870,846 | $924,060 |
Indiana Center For Nursing Inc Indianapolis, IN | $536,588 | $834,728 |
Society Of Pediatric Nurses Chicago, IL | $1,989,976 | $704,239 |