Anoka Hennepin Educational Foundation Incorporated
- Assets
- $1.2m
- Revenue
- $399.6k
- Investments
- $0.0
- Employees
- 2
- Location
- Anoka, MN
- Founding
- 04/1991
- Data as of
- 06/2023
- EIN
- 41-1691433
Organization Overview
Anoka Hennepin Educational Foundation Incorporated is located in Anoka, MN. The organization was established in 1991. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 06/2023, Anoka Hennepin Educational Foundation Incorporated employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Anoka Hennepin Educational Foundation Incorporated 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 06/2023, Anoka Hennepin Educational Foundation Incorporated generated $399.6k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 12.9% each year . All expenses for the organization totaled $363.0k during the year ending 06/2023. While expenses have increased by 10.9% per year over the past 5 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
AHEF CULTIVATES EQUITABLE AND INNOVATIVE EXPERIENCES FOR STUDENTS THROUGH PARTNERSHIPS WITH COMPASSIONATE PEOPLE WHO HAVE GENEROUS HEARTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORT AND ENHANCE EDUCATIONAL PROGRAMS WHICH CANNOT BE SUPPORTED BY SCHOOL DISTRICT FUNDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tess Degeest Executive Director | Officer | 40 | $80,460 |
Maria La Hoz Director | Trustee | 1 | $0 |
Tony Drews Director | Trustee | 1 | $0 |
Nicole Hayes Director | Trustee | 1 | $0 |
Hailey Rehrauer Director | Trustee | 1 | $0 |
Hilda Mwangi Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $385,933 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $385,933 |
| Total Program Service Revenue | $0 |
| Investment income | $7,421 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $1,720 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,227 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $399,638 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $170,583 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $80,460 |
| Compensation of current officers, directors, key employees. | $9,655 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $45,706 |
| Pension plan accruals and contributions | $9,463 |
| Other employee benefits | $18,506 |
| Payroll taxes | $9,013 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,624 |
| Fees for services: Accounting | $3,925 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $6,502 |
| Office expenses | $169 |
| 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 | $2,740 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,910 |
| Insurance | $370 |
| All other expenses | $2,563 |
| Total functional expenses | $362,952 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $372,609 |
| Savings and temporary cash investments | $804,390 |
| 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 | $5,385 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $2,962 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,185,346 |
| Accounts payable and accrued expenses | $239,461 |
| Grants payable | $0 |
| Deferred revenue | $1,000 |
| 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 | $240,461 |
| Net assets without donor restrictions | $910,849 |
| Net assets with donor restrictions | $34,036 |
| 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 | $1,185,346 |