Minnewaska Laker Foundation
- Assets
- $110.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Glenwood, MN
- Founding
- 01/2008
- Data as of
- 06/2021
- EIN
- 71-1041194
Organization Overview
Minnewaska Laker Foundation is located in Glenwood, MN. The organization was established in 2008. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, 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. Minnewaska Laker 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 06/2021, Minnewaska Laker Foundation generated $65.3k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 10.1% each year . All expenses for the organization totaled $33.6k during the year ending 06/2021. While expenses have increased by 4.7% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
THE FOUNDATION DONATED FUNDS TO THE MINNEWASKA AREA SCHOOL DISTRICT #2149 TO HELP COVER THE SHORTFALL FOR EXTRA CURRICULAR EXPENSES FOR STUDENTS IN ATHLETICS, ACADEMIC ORGANIZATIONS, MUSIC AND ARTS. THE DONATIONS FOR THE FISCAL YEAR TOTALLED $13,485. THESE DONATIONS INCLUDED A DONATION FOR BACKBOARDS AND RIMS AND WEIGHTROOM IMPROVEMENTS AMONG OTHER ITEMS. OVER 1,000 STUDENTS ARE SERVED BY THE MINNEWASKA AREA SCHOOL DISTRICT #2149 IN GRADES K-12, AND THE MAJORITY OF THOSE STUDENTS BENEFIT FROM THE DONATIONS AND ACTIVITIES OF THE MINNEWASKA LAKER FOUNDATION. THE FOUNDATION DONATED $5,000 TO THE MINNEWASKA BASEBALL ASSOCIATION (A 501(C)(3) ORGANIZATION) FOR BASEBALL FIELD AND STADIUM IMPROVEMENTS ON THE MINNEWASKA AREA SCHOOL CAMPUS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karna Peters President | 8 | $0 | |
Donna Braaten Secretary | 4 | $0 | |
Brianna Zuber Beckwith Director | 4 | $0 | |
Bobbi Jo Matt Director | 4 | $0 | |
Neil Nelson Director | 4 | $0 | |
Kathy Jacobs Director | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $45,519 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $408 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $19,381 |
| Other Revenue | $0 |
| Total Revenue | $65,308 |
| 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 | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $10,631 |
| Total expenses | $33,631 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $110,367 |
| Other assets | $0 |
| Total assets | $110,367 |
| Total liabilities | $261,647 |
| Net assets or fund balances | -$151,280 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Minnewaska Laker Foundation has recieved totaling $50,000.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Grinnell College Medical Benefit Plan Trust Agreement Grinnell, IA | $11,174,588 | $9,791,771 |
University Of Wisconsin-Eau Claire Foundation Inc Eau Claire, WI | $103,402,476 | $22,599,486 |
Iowa State University Research Park Corp Ames, IA | $68,199,725 | $11,124,615 |
Minnesota State University Mankato Foundation Incorporated Mankato, MN | $77,015,205 | $9,285,148 |
University Gateway Corporation Minneapolis, MN | $78,655,248 | $6,023,242 |
Charles & Ellora Alliss Educational Foundation Milwaukee, WI | $87,576,345 | $9,781,011 |
Iowa High School Athleticassociation Boone, IA | $17,327,220 | $5,760,245 |
St Cloud State University Foundation Inc St Cloud, MN | $54,919,652 | $10,818,973 |
Hmong Education Reform Company St Paul, MN | $74,819,992 | $9,901,803 |
Isu Veterinary Services Corporation Des Moines, IA | $3,723,871 | $7,166,183 |
University Of Wisconsin Green Bay Foundation Inc Green Bay, WI | $63,454,275 | $9,667,784 |
University Of Minnesota Foundation Investment Advisors Minneapolis, MN | $2,748,098 | $5,244,210 |