South St Paul Educational Foundation
- Assets
- $12.2m
- Revenue
- $2.2m
- Investments
- $0.0
- Employees
- 4
- Location
- South St Paul, MN
- Founding
- 10/1984
- Data as of
- 06/2024
- EIN
- 41-1494597
Organization Overview
South St Paul Educational Foundation is located in South St Paul, MN. The organization was established in 1984. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Education and related organizations. As of 06/2024, South St Paul Educational Foundation employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. South St Paul 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 06/2024, South St Paul Educational Foundation generated $2.2m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 12.3% each year . All expenses for the organization totaled $897.3k during the year ending 06/2024. While expenses have increased by 4.9% per year over the past 9 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION AND PURPOSE OF THE SOUTH ST. PAUL EDUCATIONAL FOUNDATION IS TO BRIDGE STUDENTS AND DONORS TO ENRICH LEARNING AND IMPACT THE LIVES OF SOUTH ST. PAUL SCHOOL DISTRICT STUDENTS. WE DO THIS BY PROVIDING SCHOLARSHIPS AND SUPPLEMENTAL CLASSROOM PROGRAM FUNDING THROUGH THE SUPPORT OF OUR GENEROUS DONORS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SOUTH ST. PAUL EDUCATIONAL FOUNDATION (SSPEF) HAS PROVIDED FUNDING FOR THE FOLLOWING DURING THE FISCAL YEAR 2023-24. ON MAY 8TH THE SSPEF AWARDED SCHOLARSHIPS TOTALING 477,250 TO 140 SOUTH ST. PAUL GRADUATING SENIORS. THESE SCHOLARSHIPS COVERED A WIDE RANGE OF DOLLAR AMOUNTS AND WERE GIVEN TO STUDENTS ATTENDING 4-YEAR, 2-YEAR, AND TECHNICAL VOCATIONAL SCHOOLS. SSPEF ALSO PROVIDED PROGRAM FUNDING FOR CLASSROOM ENRICHMENT TOTALING 85,859. THESE PROGRAMS INCLUDED FUNDING MATH IXL SUBSCRIPTIONS, A NINJA WARRIOR COURSE FOR PHY-ED CLASSES, YOUTH FRONTIER COURAGE RETREATS, EXPERIENTIAL LEARNING OPPORTUNITIES FOR THE COMMUNITY LEARNING CENTER, RECESS MARATHON, COLLEGE AND CAREER SOFTWARE, ONE ACT PLAY SCRIPTS, AN ALL-SCHOOL ART PROJECT FOR KAPOSIA'S 30TH ANNIVERSARY, AND NATURE, HISTORY AND ART-BASED FIELD TRIPS. THE ORGANIZATION ALSO FUNDED ALL THE INTERNATIONAL BACCALAUREATE DIPLOMA PROGRAM FOR THE HIGH SCHOOL. THE FOUNDATION'S ANNUAL WALKATHON WAS HELD IN SEPTEMBER WITH STUDENTS, STAFF, AND FAMILIES IN THE COMMUNITY PARTICIPATING. THE WALKATHON FUNDS PROJECTS AND ACTIVITIES IN TEACHER'S CLASSROOMS. THESE MONIES ARE CRITICAL IN PROVIDING ENHANCED OPPORTUNITIES FOR THE STUDENTS OF SOUTH ST. PAUL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Beth Skwira Exec Directo | Officer | 40 | $90,000 |
Brenda Applequist Vice Preside | Trustee | $0 | |
Glen Birnstengel Treasurer | Trustee | $0 | |
Holly Christenson Director | Trustee | $0 | |
Linda Diaz Director | Trustee | $0 | |
Kristi Hood Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $70,426 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $629,544 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $699,970 |
| Total Program Service Revenue | $0 |
| Investment income | $1,358,349 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $192,529 |
| Net Income from Fundraising Events | -$33,116 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,217,732 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $605,011 |
| 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 | $154,082 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,979 |
| Payroll taxes | $11,788 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $15,629 |
| 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 | $0 |
| Royalties | $0 |
| Occupancy | $11,988 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $988 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $6,261 |
| All other expenses | $5,179 |
| Total functional expenses | $897,348 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $602,147 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $37,744 |
| 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 | $1,000 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $11,538,359 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $12,179,250 |
| Accounts payable and accrued expenses | $1,509 |
| 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 | $1,509 |
| Net assets without donor restrictions | $3,236,116 |
| Net assets with donor restrictions | $8,941,625 |
| 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 | $12,179,250 |