Thief River Falls Education Foundation
- Assets
- $3.1m
- Revenue
- $332.0k
- Investments
- $0.0
- Employees
- 3
- Location
- Thief River Falls, MN
- Founding
- 11/1990
- Data as of
- 06/2021
- EIN
- 41-1680500
Organization Overview
Thief River Falls Education Foundation is located in Thief River Falls, MN. The organization was established in 1990. According to its NTEE Classification (B84) the organization is classified as: Alumni Associations, under the broad grouping of Education and related organizations. As of 06/2021, Thief River Falls Education Foundation employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Thief River Falls Education 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 06/2021, Thief River Falls Education Foundation generated $332.0k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.4%) each year. All expenses for the organization totaled $372.7k during the year ending 06/2021. 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
TO PROMOTE INNOVATIVE EDUCATIONAL OPPORTUNITIES IN SCHOOL DISTRICT 564
Describe the Organization's Program Activity:
Part 3 - Line 4a
ADMINISTRATE SCHOLARSHIP AWARDS AND GRANTS FOR EDUCATIONAL PURPOSES IN SCHOOL DISTRICT 564
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dave Onkka Secretary/treasurer | Officer | 3 | $0 |
Paul Ihle President | Officer | 3 | $0 |
Steve Olson Vice-President | Officer | 3 | $0 |
Pauline Gustafson Director | Trustee | 3 | $0 |
Shane Zutz Director | Trustee | 3 | $0 |
Mike Barry Director | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $198,387 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $198,387 |
| Total Program Service Revenue | $0 |
| Investment income | $127,884 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $5,720 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $331,991 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $194,515 |
| Grants and other assistance to domestic individuals. | $45,700 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $62,362 |
| Compensation of current officers, directors, key employees. | $12,472 |
| Compensation to disqualified persons | $23,838 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $6,911 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,282 |
| Office expenses | $0 |
| Information technology | $0 |
| 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 | $244 |
| Insurance | $2,601 |
| All other expenses | $198 |
| Total functional expenses | $372,722 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $21,778 |
| Savings and temporary cash investments | $12,737 |
| 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 | $192 |
| Investments—publicly traded securities | $3,058,356 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,093,063 |
| Accounts payable and accrued expenses | $3,103 |
| 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 | $3,103 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $3,089,960 |
| Total liabilities and net assets/fund balances | $3,093,063 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Thief River Falls Education Foundation has recieved totaling $8,076.
| Awarding Organization | Amount |
|---|---|
The Northwest Minnesota Foundation Bemidji, MN PURPOSE: GENERAL SUPPORT | $6,000 |
Dondelinger Foundation Mentor, MN PURPOSE: CHARITABLE | $2,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $76 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Center For Advanced Studies In Business Inc Madison, WI | $9,461,883 | $6,530,338 |
University Of Wisconsin Medical Alumni Association Inc Madison, WI | $0 | $0 |
Minnesota State University Moorhead Foundation Inc Moorhead, MN | $54,713,743 | $22,543,778 |
University Of Minnesota Alumni Association Minneapolis, MN | $34,396,499 | $3,938,876 |
Iowa State University Alumni Association Ames, IA | $19,372,302 | $3,613,244 |
University Of Northern Iowa Alumni Association Cedar Falls, IA | $0 | $679,804 |
Alumni Association Of The University Of South Dakota Vermillion, SD | $0 | $7,549 |
South Dakota State University Alumni Association Brookings, SD | $649,499 | $1,131,261 |
Enderlin Alumni Association Enderlin, ND | $258,358 | $750,192 |
South Dakota School Of Mines And Technology Alumni Association Rapid City, SD | $0 | $0 |
Alpha Gamma Rho Fraternity Iowa Falls, IA | $5,035,965 | $411,884 |
Mayo Medical Alumni Association Rochester, MN | $2,120,592 | $773,730 |