Minot Public School Foundation
- Assets
- $894.8k
- Revenue
- $245.6k
- Investments
- $763.9k
- Employees
- 1
- Location
- Minot, ND
- Founding
- 03/1995
- Data as of
- 12/2021
- EIN
- 45-0432114
Organization Overview
Minot Public School Foundation is located in Minot, ND. The organization was established in 1995. According to its NTEE Classification (B84) the organization is classified as: Alumni Associations, 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. Minot Public School 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, Minot Public School Foundation generated $245.6k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.8% each year . All expenses for the organization totaled $120.0k during the year ending 12/2021. 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
TO GENERATE FUNDS FOR THE EHANCEMENT OF ALL PROGRAMS IN THE MINOT PUBLIC SCHOOLS SYSTEM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE FUNDS FOR THE ENHANCEMENT OF THE QUALITY OF EDUCATION THROUGHOUT MINOT PUBLIC SCHOOLS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Danielle Rued Executive Director | Officer | 25 | $65,000 |
Laura Mihalick Secretary/treasurer | OfficerTrustee | 0.58 | $0 |
Jacob Thrailkill President | OfficerTrustee | 0.38 | $0 |
Brenda Foster Director | Trustee | 0.29 | $0 |
Brekka Kramer Director | Trustee | 0.31 | $0 |
Niki Carlson Director | Trustee | 0.23 | $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 | $174,710 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $174,710 |
| Total Program Service Revenue | $0 |
| Investment income | $21,655 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $13,602 |
| Net Income from Fundraising Events | $20,754 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $245,644 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $18,779 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $65,000 |
| Compensation of current officers, directors, key employees. | $65,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $1,950 |
| Other employee benefits | $6,758 |
| Payroll taxes | $5,159 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,965 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $9,369 |
| Fees for services: Other | $0 |
| Advertising and promotion | $62 |
| Office expenses | $3,689 |
| 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 | $1,421 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $119,997 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $129,689 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,194 |
| 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 | $763,935 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $894,818 |
| Accounts payable and accrued expenses | $22,583 |
| 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 | $22,583 |
| Net assets without donor restrictions | $364,545 |
| Net assets with donor restrictions | $507,690 |
| 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 | $894,818 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Minot Public School Foundation has recieved totaling $42,360.
| Awarding Organization | Amount |
|---|---|
Minot Community Foundation Minot, ND PURPOSE: TO ASSIST THE ORGANIZATION WITH CARRYING OUT OF ITS TAX EXEMPT MISSION. | $21,294 |
St Josephs Community Health Foundation 06-25-98 Minot, ND PURPOSE: TO PROVIDE ASSISTANCE IN PROGRAM'S MISSION. | $19,066 |
Midcontinent Foundation Minneapolis, MN PURPOSE: THE FUNDS WILL SUPPORT THE EFFORTS OF HIGH-RISK SCHOOLS TO PUT IN PLACE A BACK2BASICS HYBRID PANTRY. THE PANTRY PROVIDES EMERGENCY ASSISTANCE TO SCHOOL STUDENTS IN NEED THROUGHOUT THE YEAR. | $1,000 |
Midcontinent Foundation Minneapolis, MN PURPOSE: SUPPORT THE ERIK RAMSTAD COMPUTER CLUB TO ALLOW STUDENTS TO HAVE THE RESEARCH AND PROBLEM-SOLVING EXPERIENCE OF BUILDING COMPUTERS. STUDENTS WOULD BUILD A PERSONAL DESKTOP COMPUTER FROM MOTHERBOARD ALL THE WAY UP TO INSTALLING WINDOWS. | $1,000 |
Endowment Analysis
| Beg. Balance | $708,181 |
| Earnings | $53,123 |
| Net Contributions | $6,250 |
| Other Expense | $3,620 |
| Ending Balance | $763,934 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
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 |
Enderlin Alumni Association Enderlin, ND | $258,358 | $750,192 |
South Dakota School Of Mines And Technology Alumni Association Rapid City, SD | $0 | $0 |
Miles Community College Foundation Miles City, MT | $1,296,411 | $505,094 |
Mayo Medical Alumni Association Rochester, MN | $2,120,592 | $773,730 |
American Association Of University Women Minneapolis, MN | $1,901,612 | $327,637 |
Thief River Falls Education Foundation Thief River Falls, MN | $3,093,063 | $331,991 |
Alpha Gamma Rho Fraternity St Paul, MN | $3,040,518 | $192,948 |
Martin Luther College Alumni Association New Ulm, MN | $81,988 | $129,780 |