Mary Ellen Halvorson Education Foundation
- Assets
- $3.8m
- Revenue
- $3.2m
- Investments
- $0.0
- Employees
- 47
- Location
- Prescott, AZ
- Founding
- 06/1999
- Data as of
- 06/2022
- EIN
- 86-0936908
Organization Overview
Mary Ellen Halvorson Education Foundation is located in Prescott, AZ. The organization was established in 1999. According to its NTEE Classification (B25) the organization is classified as: Secondary & High Schools, under the broad grouping of Education and related organizations. As of 06/2022, Mary Ellen Halvorson Education Foundation employed 47 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mary Ellen Halvorson 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, Mary Ellen Halvorson Education Foundation generated $3.2m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 8.9% each year. All expenses for the organization totaled $2.9m during the year ending 06/2022. While expenses have increased by 8.2% per year over the past 5 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
EDUCATION GRADES 5-12
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SCHOOL SERVES APPROXIMATELY 260 STUDENTS IN THE FIFTH THROUGH TWELFH GRADES. THE SCHOOL PROVIDES A HIGHER ACADEMIC CURRICULM IN AN ALTERNATIVE LEARNING ENVIRONMENT, ADDRESSING THE NEEDS OF EACH STUDENT WHILE THEY ACHIEVE THEIR MAXIMUM ACADEMIC POTENTIAL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matt Halvorson Govern Board | Trustee | 40 | $71,035 |
Mary Ellen Halvorson Govern Board | OfficerTrustee | 40 | $61,360 |
Kristi Terauchi Govern Board | Trustee | 40 | $51,729 |
Tom Halvorson Govern Board | Trustee | 5 | $15,851 |
Carolyn Hartl School Board | Trustee | 1 | $550 |
Phil King School Board | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,042,330 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,042,330 |
| Total Program Service Revenue | $165,663 |
| Investment income | $684 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,208,677 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 | $1,500,276 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $180,413 |
| Other employee benefits | $242,028 |
| Payroll taxes | $118,511 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $595 |
| Fees for services: Accounting | $18,383 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $72,168 |
| Advertising and promotion | $0 |
| Office expenses | $8,094 |
| Information technology | $64,463 |
| Royalties | $0 |
| Occupancy | $290,902 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,831 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $40,413 |
| Insurance | $20,649 |
| All other expenses | $100,806 |
| Total functional expenses | $2,850,543 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,482,535 |
| Savings and temporary cash investments | $1,428,814 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4 |
| 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 | $923,234 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,834,587 |
| Accounts payable and accrued expenses | $13,006 |
| 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 | $2,000 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $15,006 |
| Net assets without donor restrictions | $3,616,861 |
| Net assets with donor restrictions | $202,720 |
| 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 | $3,834,587 |