Boone Educational Endowment Fund
- Assets
- $623.9k
- Revenue
- $30.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Boone, IA
- Founding
- 08/1987
- Data as of
- 12/2021
- EIN
- 42-1282472
Organization Overview
Boone Educational Endowment Fund is located in Boone, IA. The organization was established in 1987. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary 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. Boone Educational Endowment 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 12/2021, Boone Educational Endowment Fund generated $30.6k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.7%) each year. All expenses for the organization totaled $27.4k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (0.2%) 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE, DEVELOP, AND FOSTER EXCELLENCE IN ANY ASPECT OF THE EDUCATIONAL ORGANIZATIONS IN BOONE COUNTY, IOWA, BY PROVIDING A SOURCE OF CAPITAL FOR THE ATTAINMENT OF SAID EXCELLENCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO ASSIST BOONE COUNTY EDUCATIONAL ORGANIZATIONS IN MAINTAINING AND IMPROVING THE QUALITY OF EDUCATION BY PURCHASING EDUCATIONAL EQUIPMENT FOR THE DISTRICTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeff Putzier Treasurer | OfficerTrustee | 2 | $0 |
Jamie Williams President | OfficerTrustee | 2 | $0 |
John Nerem Vice President | OfficerTrustee | 2 | $0 |
Gabe Bowers Secretary | OfficerTrustee | 2 | $0 |
Tom Keating Director | Trustee | 1 | $0 |
Pat Hagan Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $14,245 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $14,245 |
| Total Program Service Revenue | $215 |
| Investment income | $15,991 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $151 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $30,602 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $27,388 |
| 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. | $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 | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| 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 | $0 |
| All other expenses | $0 |
| Total functional expenses | $27,390 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $97,706 |
| Savings and temporary cash investments | $0 |
| 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 | $526,199 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $623,905 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $623,905 |
| 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 | $623,905 |
Grants Awarded
Over the last fiscal year, Boone Educational Endowment Fund has awarded $27,388 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
BOONE COMMUNITY SCHOOL DISTRI PURPOSE: IMPROVE QUALITY EDUCATION | $18,788 |
Boone, IA PURPOSE: IMPROVE QUALITY EDUCATION | $8,600 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Academy Of Periodontology Chicago, IL | $22,143,613 | $10,653,042 |
Hope Community Academy St Paul, MN | $7,239,866 | $9,388,548 |
Tri-County Child And Family Development Council Inc Waterloo, IA | $2,164,616 | $9,342,746 |
Brownell Talbot School Omaha, NE | $23,640,010 | $10,050,600 |
Urban Prep Academies Chicago, IL | $1,211,865 | $11,715,247 |
Legacy Christian Academy Andover, MN | $11,285,035 | $10,599,224 |
Spero Academy Minneapolis, MN | $4,864,005 | $8,619,763 |
Pact Charter School Ramsey, MN | $5,812,709 | $8,450,836 |
Excell Academy For Higher Learning Inc Brooklyn Park, MN | $4,215,096 | $7,722,207 |
Sojourner Truth Academy Minneapolis, MN | $4,962,625 | $7,578,548 |
St Louis Language Immersion Schools Inc St Louis, MO | $5,780,946 | $7,344,895 |
Aurora Charter School Minneapolis, MN | $3,496,445 | $6,931,662 |