Marion Independent School Foundation And Alumni Association
- Assets
- $2.1m
- Revenue
- $469.2k
- Investments
- $0.0
- Employees
- 4
- Location
- Marion, IA
- Founding
- 08/1993
- Data as of
- 12/2021
- EIN
- 42-1343360
Organization Overview
Marion Independent School Foundation And Alumni Association is located in Marion, IA. The organization was established in 1993. According to its NTEE Classification (B84) the organization is classified as: Alumni Associations, under the broad grouping of Education and related organizations. As of 12/2021, Marion Independent School Foundation And Alumni Association employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Marion Independent School Foundation And Alumni Association 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, Marion Independent School Foundation And Alumni Association generated $469.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.6% each year. All expenses for the organization totaled $299.5k during the year ending 12/2021. While expenses have increased by 16.8% 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
SUPPORTING EDUCATION FOR THE BENEFIT OF MARION INDEPENDENT SCHOOL DISTRICT STUDENTS, SCHOOLS AND THE GREATER COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE SCHOLARSHIPS TO STUDENTS IN THE MISD.
GRANTS FOR EDUCATIONAL ENHANCEMENTS TO STUDENTS IN THE MARION INDEPENDENT SCHOOL DISTRICT
COMMUNITY SUPPORT FOR STUDENTS, STAFF AND COMMUNITY.
SUPPORT THE EFFORTS OF THE FOUNDATION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gregory Van Gorp President | Officer | $0 | |
Colton Storla Secretary | Officer | $0 | |
Stephen Godar Treasurer | Trustee | $0 | |
Victor Klpfenstein Emeritus Tru | Trustee | $0 | |
Patricia Webster Emeritus Tru | Trustee | $0 | |
Doreen Zumwalt President El | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $25,210 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $193,596 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $218,806 |
| Total Program Service Revenue | $0 |
| Investment income | $250,407 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $469,213 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 | $82,428 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,776 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $458 |
| Fees for services: Accounting | $978 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $204,268 |
| Advertising and promotion | $2,105 |
| Office expenses | $2,399 |
| Information technology | $1,814 |
| 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 | $323 |
| All other expenses | $0 |
| Total functional expenses | $299,549 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $76,567 |
| 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 | $2,051,300 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,127,867 |
| 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 | $2,127,867 |
| 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 | $2,127,867 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Marion Independent School Foundation And Alumni Association has recieved totaling $25,287.
| Awarding Organization | Amount |
|---|---|
Greater Cedar Rapids Community Foundation Cedar Rapids, IA PURPOSE: AREA OF MOST NEED (IN MEMORY OF GREGORY HAPGOOD SR. LINN COUNTY IOWA IS A BETTER PLACE TO LIVE THANKS TO GREG HAPGOOD SR. AND HIS FAMILY), ARCHERY AT VERNON MIDDLE SCHOOL, ANNUAL DESIGNATED DISTRIBUTION FOR SCHOLARSHIPS | $14,225 |
GreenState Credit Union UNION North Liberty, IA PURPOSE: FASTWorks Golf Night | $6,150 |
Dupaco Rw Hoefer Foundation Dubuque, IA PURPOSE: NEEDS BASED | $2,000 |
Iowa Realty Foundation Des Moines, IA PURPOSE: MAR 2021 IR FNDTN GRANTS | $1,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $762 |
Verizon Foundation Basking Ridge, NJ PURPOSE: VIP PAYOUT FOR 02/04/21 | $750 |
Endowment Analysis
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Center For Advanced Studies In Business Inc Madison, WI | $9,461,883 | $6,530,338 |
University Of Wisconsin Medical Alumni Association Inc Madison, WI | $0 | $0 |
The University Of Illinois Alumni Association Urbana, IL | $29,310,021 | $6,588,632 |
Minnesota State University Moorhead Foundation Inc Moorhead, MN | $54,713,743 | $22,543,778 |
University Of Minnesota Alumni Association Minneapolis, MN | $34,396,499 | $3,938,876 |
Iowa State University Alumni Association Ames, IA | $19,372,302 | $3,613,244 |
University Of Missouri Alumni Assn Columbia, MO | $16,718,552 | $3,263,310 |
University Of Northern Iowa Alumni Association Cedar Falls, IA | $0 | $679,804 |
Grand Island Public Schools Foundation Grand Island, NE | $10,746,895 | $4,368,224 |
Northern Illinois University Alumni Association Dekalb, IL | $2,687,455 | $1,196,387 |
Alumni Association Of The University Of South Dakota Vermillion, SD | $0 | $7,549 |
South Dakota State University Alumni Association Brookings, SD | $649,499 | $1,131,261 |