Preston Education Foundation
- Assets
- $715.2k
- Revenue
- $611.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Preston, ID
- Founding
- 02/1998
- Data as of
- 06/2022
- EIN
- 84-1416850
Organization Overview
Preston Education Foundation is located in Preston, ID. The organization was established in 1998. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, 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. Preston 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 06/2022, Preston Education Foundation generated $611.3k in total revenue. All expenses for the organization totaled $76.2k during the year ending 06/2022. While expenses have increased by 43.9% per year over the past 7 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO ENRICH THE EDUCATION OF THE STUDENTS IN THE PRESTON SCHOOL DISTRICT BY PROVIDING FINANCIAL SUPPORT, ADDITIONAL RESOURCES, AND OPPORTUNITIES FOR COMMUNITY COLLABORATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING GRANTS FOR EDUCATION EQUIPMENT AND TEACHER SUPPLIES AND ORGANIZING FUNDRAISING ACTIVITIES TO BENEFIT PRESTON SCHOOL DISTRICT TO ENRICH THE EDUCATION OF THE STUDENTS THEREIN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Julie Westerberg President | OfficerTrustee | 2 | $0 |
Jen Swainston Secretary | OfficerTrustee | 1 | $0 |
Brad Nielsen Treasurer | Officer | 2 | $0 |
Kim Cannon Director | Trustee | 1 | $0 |
Mike Reid Director | Trustee | 1 | $0 |
Lynda Hamblin Director | Trustee | 1 | $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 | $612,370 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $612,370 |
| Total Program Service Revenue | $0 |
| Investment income | $372 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$1,415 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $611,327 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $68,525 |
| 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 | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $7,710 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| Total functional expenses | $76,235 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $715,198 |
| 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 | $715,198 |
| 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 | $140,521 |
| Net assets with donor restrictions | $574,677 |
| 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 | $715,198 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Preston Education Foundation has recieved totaling $6,156.
| Awarding Organization | Amount |
|---|---|
Idaho Community Foundation Inc Boise, ID PURPOSE: SUPPORT PROGRAMS IN THE PRESTON SCHOOL DISTRICT #201 | $6,156 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Compass Public Charter School Inc Meridian, ID | $30,633,815 | $11,054,812 |
Saint Georges School Spokane, WA | $26,592,411 | $9,553,681 |
Lincoln Academy Incorporated Pleasant Grove, UT | $18,022,202 | $9,107,326 |
Mcgillis School Salt Lake City, UT | $13,726,070 | $8,858,718 |
Eton School Foundation Bellevue, WA | $11,656,623 | $8,432,891 |
International School Portland, OR | $15,344,083 | $7,525,530 |
Signature Preparatory Inc Henderson, NV | $28,153,100 | $7,370,266 |
Saint Stephens Indian School Saint Stephens, WY | $5,359,726 | $7,545,266 |
Venture Academy Marriottslaterville, UT | $16,214,185 | $7,490,337 |
The Salem Academy Salem, OR | $8,184,722 | $7,213,475 |
Terra Academy Inc Vernal, UT | $15,000,177 | $6,596,587 |
Academy For Precision Learning Inc Seattle, WA | $1,437,426 | $6,388,788 |