Fools Five Inc
- Assets
- $148.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Lewiston, MN
- Founding
- 01/2004
- Data as of
- 12/2021
- EIN
- 41-1462154
Organization Overview
Fools Five Inc is located in Lewiston, MN. The organization was established in 2004. According to its NTEE Classification (H12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Medical Research and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fools Five 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 12/2021, Fools Five Inc generated $84.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (12.8%) each year. All expenses for the organization totaled $72.6k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (16.3%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dan Goss President | 8 | $0 | |
Judy Hovelson Vice President | 4 | $0 | |
Wade Goss Director | 4 | $0 | |
Karen Schultz Secretary | 8 | $0 | |
Gloria Kulak Director | 4 | $0 | |
Beth Carlson Treasurer | 8 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $71,669 |
| Total Program Service Revenue | $12,066 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $84,376 |
| 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 | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $7,770 |
| Other expenses | $0 |
| Total expenses | $72,630 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $148,401 |
| Other assets | $0 |
| Total assets | $148,401 |
| Total liabilities | $0 |
| Net assets or fund balances | $148,401 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Fools Five Inc has recieved totaling $153.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $90 |
Celanese Foundation Irving, TX PURPOSE: CHARITABLE CONTRIBUTION | $63 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Randy Shaver Cancer Research And Community Fund Minnetonka, MN | $226,344 | $881,869 |
Bryon Riesch Paralysis Foundation Inc Waukesha, WI | $477,065 | $417,057 |
X Out Ald Inc Bloomington, MN | $33,348 | $215,010 |
Aiming For A Cure Foundation Iowa City, IA | $336,242 | $265,430 |
Mn Lions Childhood Cancer Foundation Inc Dassel, MN | $52,953 | $0 |
Als Fundraiser Roseau, MN | $161,573 | $0 |
Littlest Tumor Foundation Appleton, WI | $131,843 | $0 |
Hall Family Foundation Hudson, WI | $271,613 | $142,711 |
Arnold S Leonard Cancer Research Fund Golden Valley, MN | $113,721 | $140,894 |
Anns Hope Foundation Inc Hartland, WI | $13,799 | $0 |
Seth A Bailey Courage Group Iowa City, IA | $8,658 | $0 |
Feisty Fighters Inc Sioux Falls, SD | $219,719 | $0 |