Edina Education Fund
- Assets
- $383.8k
- Revenue
- $398.4k
- Investments
- $0.0
- Employees
- 2
- Location
- Minneapolis, MN
- Founding
- 04/2001
- Data as of
- 06/2022
- EIN
- 41-1991929
Organization Overview
Edina Education Fund is located in Minneapolis, MN. The organization was established in 2001. 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 06/2022, Edina Education Fund employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Edina Education Fund 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, Edina Education Fund generated $398.4k 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 (4.2%) each year. All expenses for the organization totaled $436.9k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (3.7%) per year over the past 7 years. 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
TO SUPPORT EDUCATIONAL NEEDS AND OPPORTUNITIES FOR ALL EDINA PUBLIC SCHOOL STUDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS WERE MADE TO SEVERAL EDINA PUBLIC SCHOOL PROGRAMS WITH WHICH WE HAD EXISTING GRANT AGREEMENT, OR TO WHICH WE AWARDED A NEW GRANT DURING THE FISCAL YEAR.
EDINA EDUCATION FUND ACTS AS A FISCAL SPONSOR FOR A NUMBER OF GROUPS AND SCHOLARSHIP RECIPIENTS THAT, IN VARIOUS WAYS, ENHANCE EDUCATION OPPORTUNITIES FOR EDINA PUBLIC SCHOOL STUDENTS. THE EDINA EDUCATION FUND ACCEPTS AND PROCESSES DONATIONS THAT ARE DESIGNATED TO THESE GROUPS, AND PROVIDES GRANTS MADE POSSIBLE BY THESE DONATIONS TO THESE GROUPS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathryn Rendleman Executive Director | Officer | 32 | $40,000 |
Nicki Williams Chair | OfficerTrustee | 1 | $0 |
Cheryl Barry Secretary | OfficerTrustee | 1 | $0 |
Lynn Schmitt Treasurer | OfficerTrustee | 1 | $0 |
Stephanie Braman Director | Trustee | 1 | $0 |
Rebecca Bell Sorenson Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $50,772 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $355,793 |
| Noncash contributions included in lines 1a–1f | $11,110 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $406,565 |
| Total Program Service Revenue | $17,917 |
| Investment income | $244 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$26,293 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $398,433 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $335,227 |
| 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. | $40,000 |
| Compensation of current officers, directors, key employees. | $13,200 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $32,773 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $5,696 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,718 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $7,346 |
| Advertising and promotion | $427 |
| Office expenses | $4,002 |
| Information technology | $236 |
| 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 | $416 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,042 |
| All other expenses | $0 |
| Total functional expenses | $436,856 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $139,273 |
| Savings and temporary cash investments | $244,532 |
| 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 | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $383,805 |
| Accounts payable and accrued expenses | -$3,384 |
| Grants payable | $54,719 |
| 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 | $51,335 |
| Net assets without donor restrictions | $7,521 |
| Net assets with donor restrictions | $324,949 |
| 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 | $383,805 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Edina Education Fund has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
Albright Foundation Edina, MN PURPOSE: CHARITABLE | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Minnesota Transitions Chartered School Minneapolis, MN | $28,235,035 | $63,864,968 |
Four Lakes Education Inc Mcfarland, WI | $19,510,761 | $31,025,737 |
College Possible Saint Paul, MN | $23,283,310 | $31,201,183 |
Midwest Dairy Association Saint Paul, MN | $7,228,337 | $23,101,295 |
Und Sports Facilities Inc Grand Forks, ND | $57,543,376 | $14,333,337 |
Lac Courte Oreilles Ojibwe School Hayward, WI | $14,755,136 | $9,679,407 |
St Paul City School St Paul, MN | $6,285,490 | $9,442,026 |
Iowa Association For The Education Of Young Children Inc Urbandale, IA | $815,186 | $7,200,490 |
East Dakota Educational Cooperative Sioux Falls, SD | $5,426,642 | $6,544,285 |
Wisconsin Center For Manufacturing And Productivity Inc Madison, WI | $1,793,408 | $5,861,220 |
Heritage Christian Schools Inc New Berlin, WI | $9,766,972 | $6,403,349 |
Minnesota Society Of Certified Public Accountants Bloomington, MN | $11,208,207 | $6,449,608 |