Inver Grove Heights B E S T Foundation

Organization Overview

Inver Grove Heights B E S T Foundation is located in Inver Grove Heights, MN. The organization was established in 1992. According to its NTEE Classification (B94) the organization is classified as: Parent & Teacher Groups, 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. Inver Grove Heights B E S T 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 06/2022, Inver Grove Heights B E S T Foundation generated $511.6k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.6% each year . All expenses for the organization totaled $259.2k during the year ending 06/2022. While expenses have increased by 2.9% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO RAISE AND AWARD FUNDS FOR POST-SECONDARY SCHOLARSHIPS TO SIMLEY HIGH SCHOOL GRADUATES

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROVIDE POST-SECONDARY EDUCATION SCHOLARSHIPS TO INVER GROVE HEIGHTS SCHOOL DISTRICT STUDENTS. THE ORGANIZATION HAS PROVIDED ASSSITANCE TO 137 INDIVIDUALS IN THE CURRENT FISCAL YEAR. STUDENTS MAY DEFER PAYMENTS IF REQUESTED BY A SPECIFIC DATE AND APPROVED BY THE BOARD OF DIRECTORS. THIS TOTAL INCLUDES SCHOLARSHIPS AWARDED IN PRIOR YEARS.


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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$14,883
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$465,586
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$480,469
Total Program Service Revenue$0
Investment income $27,331
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $1,827
Net Income from Gaming Activities $2,010
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $511,637

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