Communicating For Agriculture Scholarship And Education Foundati
- Assets
- $1.3m
- Revenue
- $57.7k
- Investments
- $1.1m
- Employees
- 0
- Location
- Fergus Falls, MN
- Founding
- 12/1980
- Data as of
- 12/2021
- EIN
- 41-1388895
Organization Overview
Communicating For Agriculture Scholarship And Education Foundati, operating under the name Scholarship And Education Foundatio, is located in Fergus Falls, MN. The organization was established in 1980. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, 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. Scholarship And Education Foundatio 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 12/2021, Scholarship And Education Foundatio generated $57.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.5% each year. All expenses for the organization totaled $75.6k during the year ending 12/2021. While expenses have increased by 12.8% per year over the past 7 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.
Since 2017, Scholarship And Education Foundatio has awarded 17 individual grants totaling $116,613. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION PROVIDES FINANCIAL ASSISTANCE FOR EDUCATION BEYOND THE HIGH SCHOOL LEVEL, INCLUDING TRAINING AND INTERNSHIPS, TO YOUNG PEOPLE WHO HAVE CHOSEN CAREERS THAT WILL SERVE THE RURAL AREA. THE PURPOSE IS TO ENCOURAGE YOUNG PEOPLE TO LIVE AND WORK IN RURAL AREAS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION PROVIDES FINANCIAL ASSISTANCE FOR EDUCATION BEYOND THE HIGH SCHOOL LEVEL, INCLUDING TRAINING AND INTERSHIPS, TO YOUNG PEOPLE WHO HAVE CHOSEN CAREERS THAT WILL SERVE THE RURAL AREA. THE PURPOSE IS TO ENCOURAGE YOUNG PEOPLE TO LIVE AND WORK IN RURAL AREAS AND TO PROMOTE AGRICULTURE AND AGRIBUSINESS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Milton E Smedsrud Chairman Eme | 0 | $0 | |
Patricia Strickland President/co | 0 | $0 | |
Stephen Rufer Chairman/gen | 0 | $0 | |
David Ramey Vp/director | 0 | $0 | |
Mark Ritchie Vp/director | 0 | $0 | |
Robert Rumpza Vp/director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $12,485 |
| Interest on Savings | $1,711 |
| Dividends & Interest | $22,115 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $21,438 |
| Capital Gain Net Income | $21,438 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $57,749 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,473 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $69 |
| Total operating and administrative expenses | $24,463 |
| Contributions, gifts, grants paid | $51,163 |
| Total expenses and disbursements | $75,626 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $23,827 |
| Savings and temporary cash investments | $169,975 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $12,000 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $308,592 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,329,520 |
| Accounts payable and accrued expenses | $71 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $2,274 |
| Total liabilities | $2,345 |
Grants Awarded
Over the last fiscal year, Communicating For Agriculture Scholarship And Education Foundati has awarded $51,163 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
RIP MEDICAL PURPOSE: GENERAL FUND | $20,000 |
Fergus Falls, MN PURPOSE: NURSING SCHOLARSHIP ENDOWMENT | $15,163 |
Minneapolis, MN PURPOSE: 2021 GOLDE SPONSOR MN INTERNATION DA | $5,000 |
Minneapolis, MN PURPOSE: MUSIC EDUCATION FOUNDATION | $5,000 |
MATTHEW HOUSE PURPOSE: GENERAL FUND CONTRIBUTION | $2,500 |
Fergus Falls, MN PURPOSE: GENERAL FUND DONATION | $2,500 |
Endowment Analysis
| Beg. Balance | $129,296 |
| Other Expense | $129,296 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bentson Foundation Wayzata, MN | $107,689,978 | $6,021,397 |
Rsm Us Foundation Davenport, IA | $13,920,904 | $7,669,329 |
Pleasant T Rowland Foundation Brookfield, WI | $94,312,384 | $11,804,849 |
Central States Fair Rapid City, SD | $6,354,015 | $4,358,357 |
Sc Johnson Giving Inc Racine, WI | $34,098,989 | $19,343,102 |
Peo Sisterhood International Chapter Des Moines, IA | $85,884,604 | $5,248,161 |
Herb Kohl Educational Foundation Inc Milwaukee, WI | $133,385 | $3,506,418 |
Valley Senior Living Grand Forks, ND | $804,854 | $3,496,436 |
Ab Nicholas Scholarship Foundation Mequon, WI | $58,753,687 | $6,013,180 |
Hemophilia Outreach Of Wisconsin Inc Green Bay, WI | $38,605,342 | $5,343,718 |
C H Robinson Worldwide Foundation Sioux Falls, SD | $19,568,040 | $4,443,280 |
Delta Dental Of Wisconsin Foundation Inc Stevens Point, WI | $16,778,803 | $4,566,346 |