Garden Valley Education Foundation
- Assets
- $44.8k
- Revenue
- $10.4k
- Investments
- $648.0
- Employees
- 0
- Location
- Erskine, MN
- Founding
- 05/1991
- Data as of
- 12/2021
- EIN
- 41-1682056
Organization Overview
Garden Valley Education Foundation is located in Erskine, MN. The organization was established in 1991. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, 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. Garden Valley 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 12/2021, Garden Valley Education Foundation generated $10.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (12.1%) each year. All expenses for the organization totaled $525.0 during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (47.2%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY SUPPORT THROUGH TECHNOLOGY GRANTS TO AREA PUBLIC SCHOOL DISTRICTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James O Ferden Director | 1 | $0 | |
Jim Devries Director | 1 | $0 | |
Larry J Djernes Secretary | 1 | $0 | |
Allen L Paulson Director | 1 | $0 | |
Leland A Hoaas President | 1 | $0 | |
Ronald Kiesow Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $10,370 |
| Interest on Savings | $37 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $10,407 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $25 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $525 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $525 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $44,192 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| 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 | $648 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $44,840 |
| Accounts payable and accrued expenses | $2 |
| 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 | $0 |
| Total liabilities | $2 |
Grants Awarded
Over the last fiscal year, Garden Valley Education Foundation has awarded $45,000 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
RED LAKE FALLS PUBLIC SCHOOLS PURPOSE: TECHNOLOGY GRANTS | $5,000 |
BAGLEY SCHOOL PURPOSE: TECHNOLOGY GRANTS | $5,000 |
CLEARBROOK GONVICK SCHOOL PURPOSE: TECHNOLOGY GRANTS | $5,000 |
RED LAKE COUNTY CENTRAL SCHOOLS PURPOSE: TECHNOLOGY GRANTS | $5,000 |
GRYGLA SCHOOL DISTRICT 447 PURPOSE: TECHNOLOGY GRANTS | $5,000 |
GOODRIDGE SCHOOL DISTRICT PURPOSE: TECHNOLOGY GRANTS | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Grinnell College Medical Benefit Plan Trust Agreement Grinnell, IA | $11,174,588 | $9,791,771 |
University Of Wisconsin-Eau Claire Foundation Inc Eau Claire, WI | $103,402,476 | $22,599,486 |
Iowa State University Research Park Corp Ames, IA | $68,199,725 | $11,124,615 |
Minnesota State University Mankato Foundation Incorporated Mankato, MN | $77,015,205 | $9,285,148 |
University Gateway Corporation Minneapolis, MN | $78,655,248 | $6,023,242 |
Charles & Ellora Alliss Educational Foundation Milwaukee, WI | $87,576,345 | $9,781,011 |
Iowa High School Athleticassociation Boone, IA | $17,327,220 | $5,760,245 |
St Cloud State University Foundation Inc St Cloud, MN | $54,919,652 | $10,818,973 |
Hmong Education Reform Company St Paul, MN | $74,819,992 | $9,901,803 |
Isu Veterinary Services Corporation Des Moines, IA | $3,723,871 | $7,166,183 |
University Of Wisconsin Green Bay Foundation Inc Green Bay, WI | $63,454,275 | $9,667,784 |
University Of Minnesota Foundation Investment Advisors Minneapolis, MN | $2,748,098 | $5,244,210 |