District 742 Local Education & Activities Foundation
- Assets
- $2.2m
- Revenue
- $356.6k
- Investments
- $2.2m
- Employees
- 1
- Location
- St Cloud, MN
- Founding
- 06/1995
- Data as of
- 12/2021
- EIN
- 41-1770753
Organization Overview
District 742 Local Education & Activities Foundation is located in St Cloud, MN. The organization was established in 1995. According to its NTEE Classification (S50) the organization is classified as: Nonprofit Management, 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. District 742 Local Education & Activities 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, District 742 Local Education & Activities Foundation generated $356.6k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.4%) each year. All expenses for the organization totaled $344.9k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, District 742 Local Education & Activities Foundation has awarded 21 individual grants totaling $1,054,938. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROCUREMENT OF FUNDING FOR ACADEMIC AND STUDENT ACTIVITIES PROGRAMMING FOR ST. CLOUD AREA PUBLIC SCHOOLS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE DISTRICT 742 LOCAL EDUCATION AND ACTIVITIES FOUNDATION (LEAF) IS A CITIZENS ORGANIZATION WHOSE PURPOSE IS TO SECURE AND CHANNEL PRIVATE FUNDS TO SUPPORT AND ENHANCE THE EDUCATIONAL PROCESS. THE FOUNDATION SHALL SERVE TO PROMOTE THE VALUE OF A COMPREHENSIVE EDUCATIONAL PROGRAM AND TO INCREASE PUBLIC CONFIDENCE AND INVOLVEMENT IN THE PUBLIC SCHOOL SYSTEM. IT SHALL BUILD LINKS AMONG THE PUBLIC SCHOOL SYSTEM, BUSINESS AND INDUSTRY, GOVERNMENT, CIVIC ORGANIZATIONS AND THE PUBLIC. LEAF SUPPORTS DISTRICT 742 ACADEMIC, ACTIVITIES, ARTS AND ATHLETIC PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bruce Hentges Executive Director | Officer | 20 | $29,714 |
Bruce Mohs President | OfficerTrustee | 1 | $0 |
Peggy Carlson Vice President | OfficerTrustee | 3 | $0 |
Tim Beck Treasurer | OfficerTrustee | 3 | $0 |
Pat Krueger Secretary | OfficerTrustee | 3 | $0 |
Sara Martini Secretary (thru Feb) | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $52,434 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $166,009 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $218,443 |
| Total Program Service Revenue | $0 |
| Investment income | $52,204 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $77,083 |
| Net Income from Fundraising Events | $8,845 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $356,575 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $243,979 |
| Grants and other assistance to domestic individuals. | $22,024 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $29,714 |
| Compensation of current officers, directors, key employees. | $5,943 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,273 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $9,676 |
| Advertising and promotion | $45 |
| Office expenses | $24,742 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $5,400 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,142 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,131 |
| All other expenses | $1,195 |
| Total functional expenses | $344,921 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,530 |
| Savings and temporary cash investments | $20,062 |
| 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 | $3,258 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $2,159,876 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,185,726 |
| Accounts payable and accrued expenses | $10,932 |
| 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 | $10,932 |
| Net assets without donor restrictions | $2,174,794 |
| 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 | $2,185,726 |
Grants Awarded
Over the last fiscal year, District 742 Local Education & Activities Foundation has awarded $276,320 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
OTHER DISTRICT 742 SCHOOLS PURPOSE: TO SUPPORT ACADEMICS, ACTIVITIES, ARTS AND ATHLETIC PROGRAMS. | $120,862 |
OTHER DISTRICT 742 SCHOOLS PURPOSE: TO SUPPORT ACADEMICS, ACTIVITIES, ARTS AND ATHLETIC PROGRAMS. | $120,862 |
TECHNICAL HIGH SCHOOL PURPOSE: TO SUPPORT ACADEMICS, ACTIVITIES, ARTS AND ATHLETIC PROGRAMS. | $11,401 |
TECHNICAL HIGH SCHOOL PURPOSE: TO SUPPORT ACADEMICS, ACTIVITIES, ARTS AND ATHLETIC PROGRAMS. | $11,401 |
APOLLO HIGH SCHOOL PURPOSE: TO SUPPORT ACADEMICS, ACTIVITIES, ARTS AND ATHLETIC PROGRAMS. | $5,897 |
APOLLO HIGH SCHOOL PURPOSE: TO SUPPORT ACADEMICS, ACTIVITIES, ARTS AND ATHLETIC PROGRAMS. | $5,897 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that District 742 Local Education & Activities Foundation has recieved totaling $167,011.
| Awarding Organization | Amount |
|---|---|
Communitygiving St Cloud, MN PURPOSE: GEN/OPER SUPPORT | $150,886 |
St Cloud Rotary Foundation Inc St Cloud, MN PURPOSE: $10,000 FOR STUDENT SCHOLARSHIPS. | $10,000 |
Optimist International St Cloud, MN PURPOSE: HOMELESS STUDENT PROGRAM, GENERAL SUPPORT | $6,125 |
Endowment Analysis
| Beg. Balance | $1,971,114 |
| Earnings | $269,489 |
| Net Contributions | $18,427 |
| Grants | $99,154 |
| Ending Balance | $2,159,876 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ndn Collective Inc Rapid City, SD | $64,045,146 | $44,950,471 |
Minnesota Council On Foundations Minneapolis, MN | $1,698,240 | $7,242,767 |
Ruminco Ltd Minneapolis, MN | $62,223,712 | $7,052,376 |
Search Institute Minneapolis, MN | $10,519,414 | $10,517,632 |
Community Of Peace Building Company St Paul, MN | $17,498,169 | $1,436,316 |
Kinship Foundation Madison, WI | $510,519 | $697,956 |
Mcm Holdings St Paul, MN | $21,271,227 | $556,348 |
Tfi Foundation Inc Monona, WI | $5,709,720 | $2,349,042 |
Unseen Fargo, ND | $1,248,265 | $1,282,602 |
Community Resource Connection Inc Bemidji, MN | $204,055 | $400,633 |
District 742 Local Education & Activities Foundation St Cloud, MN | $2,185,726 | $356,575 |
Wls Building Company Chaska, MN | $2,375,895 | $318,166 |