Friends Of Fridley Education Foundation
- Assets
- $662.5k
- Revenue
- $78.9k
- Investments
- $625.7k
- Employees
- 0
- Location
- Fridley, MN
- Founding
- 07/2014
- Data as of
- 12/2022
- EIN
- 46-4924323
Organization Overview
Friends Of Fridley Education Foundation is located in Fridley, MN. The organization was established in 2014. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., 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. Friends Of Fridley Education 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 12/2022, Friends Of Fridley Education Foundation generated $78.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (5.0%) each year. All expenses for the organization totaled $60.7k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Friends Of Fridley Education Foundation has awarded 14 individual grants totaling $188,440. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ron Ackerman President | 0 | $0 | |
Gregory Gardner Treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $75,000 |
| Interest on Savings | $8 |
| Dividends & Interest | $15,146 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$11,283 |
| Capital Gain Net Income | $4,214 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $78,871 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $25 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $137 |
| Printing and publications | $0 |
| Other expenses | $146 |
| Total operating and administrative expenses | $11,541 |
| Contributions, gifts, grants paid | $49,200 |
| Total expenses and disbursements | $60,741 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $36,781 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $662,506 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Friends Of Fridley Education Foundation has awarded $49,200 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
FRIDLEY SCHOOLS FOUNDATION PURPOSE: SCHOLARSHIPS - EDUCATION | $42,000 |
FRIDLEY HISTORICAL SOCIETY PURPOSE: EDUCATION | $5,000 |
FIRDLEY ALUMNI CHOIR PURPOSE: EDUCATIONAL | $1,000 |
FRIDLEY PARK & REC PURPOSE: EDUCATIONAL | $1,200 |