White Bear Lake Area Educational Foundation
- Assets
- $3.9m
- Revenue
- $397.1k
- Investments
- $0.0
- Employees
- 4
- Location
- White Bear Lake, MN
- Founding
- 11/1994
- Data as of
- 06/2022
- EIN
- 41-1778186
Organization Overview
White Bear Lake Area Educational Foundation is located in White Bear Lake, MN. The organization was established in 1994. According to its NTEE Classification (B80) the organization is classified as: Student Services, under the broad grouping of Education and related organizations. As of 06/2022, White Bear Lake Area Educational Foundation employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. White Bear Lake Area Educational 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, White Bear Lake Area Educational Foundation generated $397.1k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.5% each year . All expenses for the organization totaled $254.9k during the year ending 06/2022. While expenses have increased by 2.4% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE WHITE BEAR LAKE AREA EDUCATIONAL FOUNDATION IS TO ENHANCE THE DISTRICT'S ABILITY TO PROVIDE EXCELLENCE IN EDUCATION FOR ALL STUDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BROSIOUS FUND - ENDOWMENT FUND USED TO GIVE GRANTS TO AN INDIVIDUAL OR GROUP OF TEACHERS TO ENHANCE THE RIGOR OF THE CURRICULUM OR INSTRUCTION WITHIN THE SCHOOL DISTRICT.
GLASRUD FUND - FELLOWSHIPS AWARDED TO TEACHERS FOR PROFESSIONAL GROWTH WITH THE HOPE THAT THESE AWARDS WILL ALLOW TEACHERS TO PURSUE PROFESSIONAL DEVELOPMENT WHICH WOULD OTHERWISE NOT BE POSSIBLE.
RYAN FAMILY FUND - FUND THAT PROVIDES FUNDING TO HELP FUND INSTRUCTIONAL MATERIALS, ART SUPPLIES, AND ARTISTS IN THE LOCAL ELEMENTARY SCHOOLS.
OTHER FUNDS - THE FOUNDATION IS WILLING TO ESTABLISH NEW FUNDS FOR A SPECIFIC PURPOSE IF DONOR GIFTS ARE GREATER THAN $15,000. THE FOUNDATION HAS SEVERAL FUNDS ESTABLISHED FOR VARIOUS PURPOSES, ALL OF WHICH SUPPORT THE MISSION OF THE FOUNDATION.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lori Arnold Executive Director | Officer | 40 | $60,000 |
Angie Johnson Director | Trustee | 2 | $52 |
Mary Dahle Vice President - Programs | OfficerTrustee | 2 | $0 |
Britt Fouks Vice President - Development | OfficerTrustee | 2 | $0 |
Andrea Loppnow President | OfficerTrustee | 2 | $0 |
Chris Suedbeck Treasurer | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $96,554 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $211,149 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $307,703 |
| Total Program Service Revenue | $0 |
| Investment income | $128,444 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$5,577 |
| Net Income from Fundraising Events | -$33,481 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $397,089 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $63,999 |
| Grants and other assistance to domestic individuals. | $49,800 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $60,000 |
| Compensation of current officers, directors, key employees. | $30,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $23,783 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $6,667 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,113 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $26,488 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,456 |
| Office expenses | $3,460 |
| Information technology | $4,874 |
| Royalties | $0 |
| Occupancy | $2,144 |
| 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 | $2,125 |
| All other expenses | $0 |
| Total functional expenses | $254,909 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $60,888 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,000 |
| 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 | $3,814,518 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,877,406 |
| Accounts payable and accrued expenses | $3,426 |
| 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 | $3,426 |
| Net assets without donor restrictions | $280,335 |
| Net assets with donor restrictions | $3,593,645 |
| 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 | $3,877,406 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that White Bear Lake Area Educational Foundation has recieved totaling $1,000.
| Awarding Organization | Amount |
|---|---|
Connexus Energy Foundation Ramsey, MN PURPOSE: DONATION | $1,000 |
Endowment Analysis
| Beg. Balance | $1,985,472 |
| Earnings | -$276,101 |
| Admin Expense | -$48,992 |
| Net Contributions | $4,000 |
| Grants | -$27,195 |
| Ending Balance | $1,637,184 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bush Foundation St Paul, MN | $1,812,229,088 | $192,250,269 |
University Club Of Milwaukee Milwaukee, WI | $10,081,224 | $7,416,108 |
Public Health Law Center Inc St Paul, MN | $2,005,877 | $4,622,958 |
Chapel Hill Academy Inc Chanhassen, MN | $7,972,164 | $5,146,130 |
International Experience A Non- Profit Corporation Northfield, MN | $3,315,141 | $2,530,227 |
Maggie Applauds Great Goals In Education Inc Wayzata, MN | $26,327,381 | $2,188,614 |
Madison Community Cooperative Madison, WI | $4,314,477 | $1,420,997 |
Minnesota State College Student Association Inc W Saint Paul, MN | $1,729,546 | $828,239 |
Minnesota Intercollegiate Athletic Conference Bloomington, MN | $290,455 | $1,169,400 |
Bolder Options Minneapolis, MN | $1,671,157 | $1,108,504 |
Athletes Committed To Educating Students Minneapolis, MN | $1,071,272 | $1,427,462 |
Einstein Project Inc Green Bay, WI | $2,102,459 | $802,083 |