New York Mills Education Foundation
- Assets
- $32.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- New York Mills, MN
- Founding
- 05/2017
- Data as of
- 12/2022
- EIN
- 81-4766767
Organization Overview
New York Mills Education Foundation is located in New York Mills, MN. The organization was established in 2017. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New York Mills 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, New York Mills Education Foundation generated $29.3k 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 (13.2%) each year. All expenses for the organization totaled $28.5k during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO FUND AND PROMOTE EXCELLENCE IN EDUCATION AND ENHANCE STUDENT ACHIEVEMENT THROUGH PARTNERSHIPS INVOLVING ALUMNI, PARENTS, EDUCATORS, STUDENTS, BUSINESSES AND THE GREATER NEW YORK MILLS COMMUNITY.
Describe the Organization's Program Activity:
Part 3
NEW YORK MILLS EDUCATION FOUNDATION RAISES MONEY FOR AND FUNDS GRANTS FOR VARIOUS ORGANIZATIONS IN THE NEW YORK MILLS PUBLIC SCHOOL.
CSC COMMITTEE IS AN ORGANIZATION MADE UP OF PARENTS, TEACHERS AND COMMUNITY MEMBERS TO HOST A CARNIVAL EVERY FALL RAISING FUNDS TO ENHANCE ELEMENTARY CLASSROOMS AND LEARNING. THESE FUNDS WERE ALSO HELD BY NEW YORK MILLS PUBLIC SCHOOL UNTIL THE FORMATION OF THE NYM EDUCATION FOUNDATION WAS IN PLACE. THEY ARE NOW MANAGED BY NYMEF. THESE FUNDS ARE TEMPERARLIY RESTRICTED TO BE USED MAINLY FOR THE CLASSROOMS BUT ANY UNUSED FUNDS BY EDUCATORS WILL GO BACK TO THE GENERAL FUND FOR ADDITIONAL CLASSROOM ITEMS OR SPEAKERS ETC.
EAGLE PRIDE IS AN ORGANIZED COMMITTEE OF COMMUNITY MEMEBERS RASING FUNDS TO ENHANCE THE SCHOOL HEALTH AND WELLNESS FACILITIES. THIS MONEY WAS TRANSFERRED OVER TO THE NEW YORK MILLS EDUCATION FOUNDATION FROM THE NEW YORK MILLS PUBLIC SCHOOL (WHO WAS MANAGING THESE FUNDS) TO MANAGE THE FUNDS UNTIL THEY CAN BE SPENT IN THE PROPER PLACE FOR THE PLAYGROUND OR HEALTH AND WELLNESS REC. AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Maggie Fresonke Chair | 5 | $0 | |
Lisa Preuss Vice-Chair | 5 | $0 | |
Latham Hetland Director | 2 | $0 | |
Jenna Baker Secretary | 5 | $0 | |
Kate Schanning Director | 2 | $0 | |
Lauraine Braukmann Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,398 |
| Total Program Service Revenue | $0 |
| Membership dues | $1,848 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $17,055 |
| Other Revenue | $31 |
| Total Revenue | $29,332 |
| 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 | $280 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $7,702 |
| Total expenses | $28,504 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $32,759 |
| Other assets | $0 |
| Total assets | $32,759 |
| Total liabilities | $0 |
| Net assets or fund balances | $32,759 |