Tea Area School District Association
- Assets
- $128.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Tea, SD
- Founding
- 03/2003
- Data as of
- 12/2021
- EIN
- 50-0005151
Organization Overview
Tea Area School District Association is located in Tea, SD. The organization was established in 2003. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, 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. Tea Area School District 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, Tea Area School District Association generated $61.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (7.7%) each year. All expenses for the organization totaled $76.0k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (3.8%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
PROVIDED SUPPORT FOR VARIOUS TEA AREA SCHOOL DISTRICT NEEDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wayne Larsen President | 0 | $0 | |
Gloria Woodring Vice President | 0 | $0 | |
Diane Jewett Treasurer | 0 | $0 | |
Sandy Cheney Secretary | 0 | $0 | |
Nancy Mette Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,781 |
| Total Program Service Revenue | $0 |
| Membership dues | $3,264 |
| Investment income | $39 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $47,756 |
| Other Revenue | $0 |
| Total Revenue | $61,012 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $20 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $68 |
| Total expenses | $75,985 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $128,453 |
| Other assets | $0 |
| Total assets | $128,453 |
| Total liabilities | $0 |
| Net assets or fund balances | $128,453 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Tea Area School District Association has recieved totaling $19,116.
| Awarding Organization | Amount |
|---|---|
Sioux Empire United Way Inc Sioux Falls, SD PURPOSE: COMMUNITY IMPACT | $19,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $116 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
P E O Foundation Des Moines, IA | $140,487,423 | $16,863,604 |
Life Time Foundation Chanhassen, MN | $2,791,059 | $2,904,635 |
Via-Bradely College Of Engineering Foundation Sioux Falls, SD | $33,602,136 | $3,151,765 |
Northeast Community College Foundation Norfolk, NE | $33,653,579 | $4,360,839 |
Bellevue Public School Foundation Bellevue, NE | $2,434,205 | $2,294,893 |
Des Moines Area Community College Foundation Ankeny, IA | $21,577,534 | $4,357,178 |
Miller Endowment Incorporated Ames, IA | $22,284,130 | $1,447,422 |
Iowa College Foundation Des Moines, IA | $7,601,336 | $1,927,763 |
Rochester Msa Building Company Rochester, MN | $15,938,689 | $1,651,178 |
Billings Catholic Schools Foundation Billings, MT | $35,868,574 | $2,349,630 |
Minnesota Private College Fund St Paul, MN | $2,737,886 | $2,274,894 |
Simple Foundation Omaha, NE | $6,168,961 | $6,318,089 |