East High School Alumni Foundation
- Assets
- $6.6m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 0
- Location
- Des Moines, IA
- Founding
- 05/1988
- Data as of
- 12/2021
- EIN
- 42-1274378
Organization Overview
East High School Alumni Foundation is located in Des Moines, IA. The organization was established in 1988. According to its NTEE Classification (B25) the organization is classified as: Secondary & High Schools, 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. East High School Alumni 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, East High School Alumni Foundation generated $1.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 25.4% each year . All expenses for the organization totaled $422.2k during the year ending 12/2021. While expenses have increased by 14.3% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE COLLEGE SCHOLARSHIPS TO GRADUATING SENIORS AND TO SUPPORT EAST HIGH SCHOOL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE SCHOLARSHIPS TO EAST HIGH SCHOOL GRADUATING SENIORS WHICH ENABLE THEM TO FURTHER THEIR FORMAL EDUCATION. 35 SCHOLARSHIPS WERE PAID TO STUDENTS DURING THE 2021 YEAR TOTALING 141,800. AT THE END OF THE 2020-21 SCHOOL YEAR, 52 SCHOLARSHIPS WERE AWARDED TO STUDENTS TOTALING 195,500. THE STUDENTS HAVE FOUR YEARS TO USE THE SCHOLARSHIPS. ALSO, TO INVEST IN THE FUTURE AND PROVIDE FUNDS TO EAST HIGH SCHOOL FOR BUILDING IMPROVEMENTS. TO ASSIST CURRENT AND FUTURE EAST HIGH STUDENTS BY PROVIDING FINANCIAL SUPPORT FOR BUILDING AND CLASSROOM IMPROVEMENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathy Kahler Left June 2021 Director | Trustee | 2 | $3,348 |
Jeff Zelenovich President | OfficerTrustee | 2 | $0 |
Connie Boesen Past Preside | OfficerTrustee | 2 | $0 |
Carla Ruble Treasurer | OfficerTrustee | 10 | $0 |
Cindy Sorrell Left June 2021 Past Secreta | OfficerTrustee | 2 | $0 |
Jeff White Secretary | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $1,232,770 |
| Membership dues | $4,030 |
| Fundraising events | $21,932 |
| Related organizations | $0 |
| Government grants | $15,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $206,812 |
| Noncash contributions included in lines 1a–1f | $205,135 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,480,544 |
| Total Program Service Revenue | $0 |
| Investment income | $124,351 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $356,615 |
| Net Income from Fundraising Events | -$11,994 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,949,516 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $141,800 |
| 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 | $2,050 |
| Fees for services: Accounting | $21,665 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $108,000 |
| Fees for services: Investment Management | $36,920 |
| Fees for services: Other | $14,918 |
| Advertising and promotion | $17,369 |
| Office expenses | $3,865 |
| Information technology | $33,981 |
| 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 | $1,507 |
| All other expenses | $0 |
| Total functional expenses | $422,202 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $31,772 |
| Savings and temporary cash investments | $1,640,969 |
| 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 | $3,674,439 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,270,284 |
| Total assets | $6,617,464 |
| 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 | $10,818 |
| Total liabilities | $10,818 |
| Net assets without donor restrictions | $0 |
| 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 | $6,606,646 |
| Total liabilities and net assets/fund balances | $6,617,464 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that East High School Alumni Foundation has recieved totaling $356,807.
| Awarding Organization | Amount |
|---|---|
W T And Edna Dahl Trust Des Moines, IA PURPOSE: CONSTRUCTION OF IMPROVEMENTS | $150,000 |
Community Fdn Of Greater Des Moines Des Moines, IA PURPOSE: GRANT DISTRIBUTION | $52,807 |
Community Fdn Of Greater Des Moines Des Moines, IA PURPOSE: GRANT DISTRIBUTION | $50,000 |
Community Fdn Of Greater Des Moines Des Moines, IA PURPOSE: GRANT DISTRIBUTION - FLEXIBLE FUNDING TO SUPPORT ADDITIONAL FOOD ACQUISITION AND DISTRIBUTION NEEDS TO ENSURE EFFECTIVE AND SAFE DELIVERY TO VULNERABLE POPULATIONS IN GREATER DES MOINES DURING THE COVID-19 CRISIS | $50,000 |
Community Fdn Of Greater Des Moines Des Moines, IA PURPOSE: GRANT DISTRIBUTION | $30,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $16,000 |
Endowment Analysis
| Beg. Balance | $1,056,134 |
| Earnings | $122,528 |
| Admin Expense | $6,028 |
| Net Contributions | $150,457 |
| Grants | $52,807 |
| Ending Balance | $1,270,284 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Concept Schools Inc Schaumburg, IL | $73,509,189 | $54,687,645 |
Lake Forest Academy Lake Forest, IL | $113,447,241 | $34,795,522 |
John Burroughs School St Louis, MO | $206,476,145 | $33,752,535 |
Perspectives Charter School Chicago, IL | $57,974,185 | $31,269,423 |
Hope Christian Schools Inc Waukesha, WI | $8,169,327 | $30,403,375 |
Wheaton Academy West Chicago, IL | $41,216,883 | $18,989,425 |
Westminster Christian Academy Association Town Country, MO | $72,930,151 | $20,133,441 |
Barstow School Kansas City, MO | $36,041,263 | $20,616,227 |
Higher Ground Academy St Paul, MN | $14,123,889 | $16,161,479 |
St Johns Northwestern Military Academy Inc Delafield, WI | $17,393,633 | $8,781,742 |
Conserve School Corporation Land O Lakes, WI | $44,507,562 | $11,154,750 |
North Lawndale College Preparatory Charter High School Chicago, IL | $2,962,197 | $11,158,791 |