Education Foundation Of The Mason City Public Schools
- Assets
- $1.6m
- Revenue
- $196.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Mason City, IA
- Founding
- 12/1996
- Data as of
- 06/2021
- EIN
- 42-1450042
Organization Overview
Education Foundation Of The Mason City Public Schools is located in Mason City, IA. The organization was established in 1996. According to its NTEE Classification (T11) the organization is classified as: Single Organization Support, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Education Foundation Of The Mason City Public Schools 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 06/2021, Education Foundation Of The Mason City Public Schools generated $196.3k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.5% each year. All expenses for the organization totaled $70.8k during the year ending 06/2021. 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
EDUCATIONAL SCHOLARSHIPS
Describe the Organization's Program Activity:
Part 3 - Line 4a
COLLEGE SCHOLARSHIPS PROVIDED TO STUDENTS. SCHOLARSHIP AWARDS PROVIDED TO 56 RECIPIENTS.
MINI GRANTS ARE PROVIDED TO INSTRUCTORS AT MASON CITY PUBLIC SCHOOLS TO SUPPORT AND SUPPLEMENT CURRICULUM, PROJECTS, MATERIALS, EQUIPMENT, AND TRIPS THAT ARE USED OR FACILITATED BY AN INSTRUCTOR THAT ARE OVER AND ABOVE THE REQUIRED CURRICULUM AND PROGRAMMING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Barron VP & Treasur | OfficerTrustee | $0 | |
Jay Lala President | OfficerTrustee | 3 | $0 |
Kristin Buehner Secretary | OfficerTrustee | $0 | |
Lorrie Lala Director | Trustee | $0 | |
Michael Lunning Director | Trustee | $0 | |
Reed Mcmanigal Director | Trustee | $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 | $163,375 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $163,375 |
| Total Program Service Revenue | $0 |
| Investment income | $25,179 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $7,706 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $196,260 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $62,850 |
| 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 | $1,500 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,290 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| 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 | $70,782 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$1 |
| Savings and temporary cash investments | $325,271 |
| 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 | $1,230,988 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,556,258 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $97,750 |
| 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 | $97,750 |
| 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 | $1,458,508 |
| Total liabilities and net assets/fund balances | $1,556,258 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Education Foundation Of The Mason City Public Schools has recieved totaling $15,000.
| Awarding Organization | Amount |
|---|---|
David & Phyllis Murphy Charitable Foundation Mason City, IA PURPOSE: SCHOLARSHIPS | $15,000 |
Endowment Analysis
| Beg. Balance | $1,114,276 |
| Earnings | $249,673 |
| Net Contributions | $163,375 |
| Other Expense | $5,965 |
| Grants | $62,850 |
| Ending Balance | $1,458,509 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Propel Nonprofits Minneapolis, MN | $49,559,623 | $14,478,230 |
Moose Foundation Inc Mooseheart, IL | $261,014,797 | $19,670,612 |
Jewish Federation Of Omaha Foundation Omaha, NE | $124,451,193 | $16,233,916 |
West Bend Community Foundation Inc Milwaukee, WI | $79,149,428 | $10,575,689 |
Glasser And Rosenthal Family Foundation Chicago, IL | $0 | $604,291 |
Real Estate Charitable Foundation Kansas City, MO | $43,935,265 | $4,204,580 |
Barbara Mettler Personal Tr Champaign, IL | $0 | $38,620 |
Friends Of Penfield Childrens Center Inc Milwaukee, WI | $8,290,252 | $2,579,522 |
Annette And Paul Smith Charitable Fund Omaha, NE | $1,572,080 | $32,841 |
Shure Charitable Tr Created Uw Of Sidney N Shure Chicago, IL | $52,599,907 | $2,093,307 |
Grhs-Fmch Community Health Foundation Fort Madison, IA | $2,014,247 | $542,738 |
Harvey L Miller Supporting Foundation Chicago, IL | $309,904 | $2,622,416 |