Roseville Area School District No 623 Foundation
- Assets
- $815.6k
- Revenue
- $61.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Roseville, MN
- Founding
- 12/1991
- Data as of
- 06/2022
- EIN
- 41-1692126
Organization Overview
Roseville Area School District No 623 Foundation is located in Roseville, MN. The organization was established in 1991. According to its NTEE Classification (S80) the organization is classified as: Community Service Clubs, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Roseville Area School District No 623 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, Roseville Area School District No 623 Foundation generated $61.5k 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 (5.7%) each year. All expenses for the organization totaled $64.9k during the year ending 06/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION IS ORGANIZED & OPERATED EXCLUSIVELY FOR EDUCATIONAL PURPOSES. THE ORGANIZATION SEEKS TO ENHANCE THE EDUCATIONAL OPPORTUNITIES FOR STUDENTS & RESIDENTS OF INDEPENDENT SCHOOL DISTRICT 623 BY SUPPORTING PROGRAMS WITHIN THE DISTRICT BY RECEIVING GIFTS & CONTRIBUTIONS & DISTRIBUTING GRANTS TO THE 12 SCHOOLS & THE COMMUNITY EDUCATION CENTER LOCATED WITHIN THE DISTRICT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS WERE AWARDED TO K-12 SCHOOLS IN THE AREA FOR EDUCATIONAL PURPOSES. A TOTAL OF $51,888 GRANTS WERE PAID OUT TO ISD 623 FOR VARIOUS SCHOOLS & PRINCIPALS. OF THESE AWARDS, $42,000 WERE NOT YET PAID OUT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Clare Verbeten Chairman | OfficerTrustee | 5 | $0 |
Kezia Reeder Vice Chair | OfficerTrustee | 5 | $0 |
Emma Carpenter Treasurer | OfficerTrustee | 5 | $0 |
Beth Voermans Treasurer | OfficerTrustee | 5 | $0 |
Sara Schewbs Secretary | Trustee | 2 | $0 |
Deb Bahr-Helgen Director | Trustee | 2 | $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 | $61,454 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $61,454 |
| Total Program Service Revenue | $0 |
| Investment income | $10 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $61,464 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $51,888 |
| 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. | $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 | $1,891 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $6,030 |
| Fees for services: Other | $0 |
| Advertising and promotion | $900 |
| Office expenses | $2,201 |
| Information technology | $132 |
| 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 | $882 |
| All other expenses | $0 |
| Total functional expenses | $64,859 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,121 |
| Savings and temporary cash investments | $77,165 |
| 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 | $0 |
| Investments—publicly traded securities | $733,335 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $815,621 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $815,621 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $815,621 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Roseville Area School District No 623 Foundation has recieved totaling $6,934.
| Awarding Organization | Amount |
|---|---|
Mightycause Charitable Foundation Marianna, FL PURPOSE: UNRESTRICTED | $6,934 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Access North Center For Independent Living Of Northeastern Minnesota Hibbing, MN | $4,421,937 | $7,763,537 |
Rural Office Of Community Services Wagner, SD | $1,371,627 | $8,326,343 |
Community Action Partnership Of Hennepin County St Louis Park, MN | $782,204 | $7,196,325 |
Headwaters Foundation For Justice Minneapolis, MN | $27,986,426 | $15,004,954 |
Species360 Minneapolis, MN | $9,065,398 | $6,225,506 |
Zinzendorf Hall Inc Watertown, WI | $13,448,322 | $5,812,562 |
Ne South Dakota Community Action Program Inc Sisseton, SD | $10,163,579 | $4,453,271 |
Neighbors Place Inc Wausau, WI | $2,102,343 | $3,291,740 |
Animal Humane Society Veterinary Centers Pc Golden Valley, MN | $5,738 | $1,391,149 |
Country Winds Manor Inc Cresco, IA | $3,653,187 | $2,378,561 |
Community Action Duluth Duluth, MN | $611,812 | $2,333,739 |
Family Support And Resource Center Inc Madison, WI | $687,144 | $2,101,833 |