Fergus Falls 544 Educaton Foundation

Organization Overview

Fergus Falls 544 Educaton Foundation is located in Fergus Falls, MN. The organization was established in 2001. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, 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. Fergus Falls 544 Educaton 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, Fergus Falls 544 Educaton Foundation generated $365.0k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 14.2% each year . All expenses for the organization totaled $154.1k during the year ending 06/2022. While expenses have increased by 3.1% per year over the past 6 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE FINANCIAL SUPPORT TO IMPROVE THE EDUCATIONAL PROGRAMS OF INDEPENDENT SCHOOL DISTRICT 544, PROVIDE SCHOLARSHIPS FOR ALUMNI AND STUDENTS OF ISD 544, AND PROVIDE SUPPORT FOR ENHANCEMENT OF ISD 544 FACILITIES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

GRANTS WERE AWARDED TO ISD 544 AND SPECIAL EDUCATION COOPERATIVE TO FUND REQUESTS FROM FACULTY AND ADMINISTRATION TO ENHANCE PROGRAM DELIVERY.


SCHOLARSHIPS WERE AWARDED TO ISD 544 GRADUATING STUDENTS TO DEFRAY THE EXPENSE OF HIGHER EDUCATION.


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Board, Officers & Key Employees

Name (title)Compensation
Nick Mariotti
Vice Preside
$0
Steve Mouritsen
Treasurer
$0
Kelsee Macintosh-Ellig
President
$0
Cris Oehler
Secretary
$0
Sarah Casey
Director
$0
Amy Anderson
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$60,972
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$284,584
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$345,556
Total Program Service Revenue$0
Investment income $15,494
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $3,972
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $365,022

Grants Awarded

Over the last fiscal year, Fergus Falls 544 Educaton Foundation has awarded $80,591 in support to 3 organizations.

Grant RecipientAmount

ISD 544

PURPOSE: SUPPORT ISD 544

$70,291

FERGUS FALLS SKATING CLUB

Org PageRecipient Profile

Fergus Falls, MN

PURPOSE: SUPPORT OF FF SKATIN

$5,150

FERGUS FALLS HOCKEY ASSOC

PURPOSE: SUPPORT OF FF HOCKEY

$5,150
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Fergus Falls 544 Educaton Foundation has recieved totaling $588.

Awarding OrganizationAmount
Otter Tail Corporation Foundation

Fergus Falls, MN

PURPOSE: CHARITY CHOICE MATCH - VERSTEEG

$500
Amazonsmile Foundation

Seattle, WA

PURPOSE: GENERAL SUPPORT

$88
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$758,239
Earnings$7,365
Net Contributions$55,100
Grants$8,500
Ending Balance$812,204

Peer Organizations

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