Farnsworth School Organization Inc
- Assets
- $462.1k
- Revenue
- $256.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Saint Paul, MN
- Founding
- 03/2012
- Data as of
- 07/2023
- EIN
- 45-3744821
Organization Overview
Farnsworth School Organization Inc, operating under the name Fso, is located in Saint Paul, MN. The organization was established in 2012. According to its NTEE Classification (B94) the organization is classified as: Parent & Teacher Groups, 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. Fso 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 07/2023, Fso generated $256.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (20.0%) each year. All expenses for the organization totaled $255.2k during the year ending 07/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION IS FOCUSED ON SUPPORTING THE STUDENTS AND FAMILIES AT FARNSWORTH AEROSPACE MAGNET PREK-8TH. IT DOES THIS BY PROVIDING FIELD TRIP SCHOLARSHIPS FOR STUDENTS AT ALL GRADES, BRINGING OUTSIDE TALENT INTO SCHOOLS TO ENRICH THE EDUCATIONAL EXPERIENCE OF ALL STUDENTS, AND HELPS ESTABLISH PARTNERSHIPS WITH LOCAL ENTITIES TO DEVELOP RELATIONSHIPS THAT STUDENTS CAN LEVERAGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE AEROSPACE PROGRAM IS DESIGNED TO PROMOTE SCIENCE, TECHNOLOGY, ENGINEERING, AEROSPACE AND MATH FOR ALL STUDENTS, FAMILIES, STAFF AND SCHOOL COMMUNITY AEROSPACE PROGRAM INCLUDES BUT NOT LIMITED: EXTENDED DAY FIELD OBSERVATIONS, EDUCATIONAL CAMPS, AEROSPACE FAMILY NIGHTS AND SHOWCASING GUEST AND PROFESSIONAL EXPERT SPEAKERS. GUESTS AND SPEAKERS SERVE AS ROLE MODELS AND MENTORS FOR STUDENTS TO STRENGTHEN COMMUNITY INVOLVEMENT AND BUILD RELATIONSHIPS. THE AEROSPACE PROGRAM SERVICED AND ESTIMATED 2,900 PEOPLE. THIS YEAR DUE TO COVID SOME EVENTS WERE CANCELLED, HENCE LOWER EXPENSES THAN PREVIOUS YEARS.
THE ACADEMIC ENRICHMENT PROGRAM IS DESIGNED TO ENCOURAGE LEARNING, PARTICIPATION, ENHANCED KNOWLEDGE AND RECOGNIZE STUDENTS, STAFF, TEACHERS AND VOLUNTEER EFFORTS. FINANCIAL SUPPORT AND VOLUNTEERS PROVIDE OPTIMAL ASSISTANCE TO RUN THESE PROGRAMS. SCHOOL WIDE ACTIVITIES AND PROGRAMS INCLUDE BUT ARE NOT LIMITED TO: 1ST GRADE APPLE PIE ENRICHMENT, 8TH GRADE EAGLES BLUFF ENVIRONMENTAL SCIENCE ENRICHMENT, FUNDRAISERS, FAMILY NIGHTS, HISTORY DAY EVENT, PARENT INVOLVEMENT DAY, SCIENCE FAIRS, SPACE DAY, STAFF APPRECIATION, TRACK AND FIELD DAY, CLASSROOM T-SHIRTS AND WHERE EVERYONE BELONGS (WEB) STUDENT LEADERSHIP PROGRAM.
THE COMMUNITY DEVELOPMENT PROGRAM IS DESIGNED TO ENHANCE THE COLLABORATIVE LEARNING COMMUNITY WITH FARNSWORTH AEROSPACE MAGNET SCHOOL. THESE OPPORTUNITIES ENHANCE THE FARNSWORTH IDENTITY, ENCOURAGE LEADERSHIP DEVELOPMENT, AND INVOLVE KEY COMMUNITY PARTNERSHIPS. THIS INCLUDES, BUT IS NOT LIMITED TO: COMMUNITY FESTIVALS, FAMILY NIGHTS, FUNDRAISERS, STAFF APPRECIATION, TRACK AND FIELD DAY, CLASSROOM T-SHIRTS, AND BUTTONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Maria Barrett Treasurer | OfficerTrustee | 2 | $0 |
Kate Makosky Chair | OfficerTrustee | 2 | $0 |
Keesha Pfeifer Secretary | OfficerTrustee | 2 | $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 | $240,126 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $240,126 |
| Total Program Service Revenue | $15,747 |
| Investment income | $0 |
| 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 | $904 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $256,777 |
| 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 | $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 | $1,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $6,157 |
| Advertising and promotion | $500 |
| Office expenses | $4,761 |
| Information technology | $329 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $97,694 |
| 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 | $847 |
| Total functional expenses | $255,193 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $462,102 |
| 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 | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $462,102 |
| 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 | $462,102 |
| 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 | $462,102 |