Moorhead Area Education Foundation
- Assets
- $1.9m
- Revenue
- $202.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Moorhead, MN
- Founding
- 09/1991
- Data as of
- 12/2021
- EIN
- 41-1689598
Organization Overview
Moorhead Area Education Foundation is located in Moorhead, MN. The organization was established in 1991. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, 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. Moorhead Area 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, Moorhead Area Education Foundation generated $202.9k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 22.8% each year . All expenses for the organization totaled $214.9k during the year ending 12/2021. While expenses have increased by 9.5% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT AND PROMOTE EDUCATIONAL PROGRAMS IN INDEPENDENT SCHOOL DISTRICT 152.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MOORHEAD LEGACY EDUCATION FOUNDATION IS A NON-PROFIT ORGANIZATION THAT ENHANCES THE EDUCATIONAL EXPERIENCE AND ACTIVITIES OF ALL STUDENTS IN THE MOORHEAD AREA PUBLIC SCHOOLS. OUR PROGRAMS INCLUDE: FOOD FOR THOUGHT, PROVIDING MILK AND SNACK FOR STUDENTS IN NEED; SPUDSCHOLARS, PROVIDING SCHOLARSHIPS FOR GRADUATING MHS STUDENTS TO FURTHER THEIR EDUCATION; SPUD TEACHER IMPACT GRANTS, PROVIDING FUNDING FOR INNOVATIVE CLASSROOM PROJECTS; AND SPUD HISTORY, PRESERVING THE HISTORY OF MOORHEAD SCHOOLS IN OUR COMMUNITY.
PROGRAM DEVELOPMENT GRANTS AWARDED TO MOORHEAD PUBLIC SCHOOL DISTRICT EDUCATORS WHO APPLY FOR FUNDS TO ENHANCE THEIR PROGRAMS WHEN THE ITEMS CANNOT BE FUNDED WITH DISTRICT FUNDS.
REUNION REVENUES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian Cole Board Member | Trustee | 13 | $15,000 |
Heidi Gregoire Treasurer | OfficerTrustee | 2 | $0 |
Katherine Halvorson Secretary | OfficerTrustee | 0.8 | $0 |
Anthony Eddleston Vice President,current Teacher | OfficerTrustee | 1 | $0 |
Lisa Staiger President | OfficerTrustee | 2 | $0 |
Trenton Gerads Board Member | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $27,941 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $125,287 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $153,228 |
| Total Program Service Revenue | $18,615 |
| Investment income | $26,382 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $28,026 |
| Net Income from Fundraising Events | -$23,331 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $202,920 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $38,139 |
| Grants and other assistance to domestic individuals. | $106,442 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $950 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $13,660 |
| Fees for services: Other | $15,000 |
| Advertising and promotion | $2,345 |
| Office expenses | $6,454 |
| Information technology | $1,831 |
| 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 | $0 |
| Insurance | $5,066 |
| All other expenses | $25 |
| Total functional expenses | $214,882 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $69,100 |
| Savings and temporary cash investments | $101,244 |
| Pledges and grants receivable | $3,196 |
| 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 | $0 |
| Investments—publicly traded securities | $1,668,119 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $34,100 |
| Total assets | $1,875,759 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $12,825 |
| 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 | $12,825 |
| Net assets without donor restrictions | $1,149,293 |
| Net assets with donor restrictions | $713,641 |
| 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 | $1,875,759 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Moorhead Area Education Foundation has recieved totaling $1,652.
| Awarding Organization | Amount |
|---|---|
Offutt Family Foundation Fargo, ND PURPOSE: GENERAL FUND | $1,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $652 |
Endowment Analysis
| Beg. Balance | $21,930 |
| Earnings | $7,743 |
| Admin Expense | $373 |
| Net Contributions | $4,800 |
| Ending Balance | $34,100 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Blake School Hopkins, MN | $191,397,009 | $55,181,768 |
Breck School Minneapolis, MN | $145,805,473 | $46,151,265 |
St Lukes-Jones Regional Medical Center Anamosa, IA | $65,819,310 | $47,904,266 |
University School Of Milwaukee Corporation Milwaukee, WI | $59,516,474 | $37,531,617 |
St Paul Academy And Summit School Saint Paul, MN | $155,552,723 | $37,579,320 |
Shattuck-St Marys Schools Faribault, MN | $98,168,921 | $33,078,824 |
Hiawatha Academies Minneapolis, MN | $17,479,202 | $30,126,706 |
Minnehaha Academy Minneapolis, MN | $87,515,002 | $27,566,696 |
Little Wound School Board Inc Kyle, SD | $30,101,573 | $34,256,769 |
Duluth Public Schools Academy Duluth, MN | $11,300,582 | $19,293,947 |
Providence Academy Plymouth, MN | $90,830,285 | $18,450,860 |
Milwaukee Science Education Consortium Inc Milwaukee, WI | $22,408,763 | $18,701,164 |