Forward New Prague Foundation
- Assets
- $235.9k
- Revenue
- $260.6k
- Investments
- $160.8k
- Employees
- 0
- Location
- New Prague, MN
- Founding
- Data as of
- 12/2023
- EIN
- 92-1785025
Organization Overview
Forward New Prague Foundation is located in New Prague, MN. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Forward New Prague Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
IDENTIFY, ENCOURAGE, INVESTIGATE & DEVELOP INFRASTRUCTURE PROJECTS IN NEW PRAGUE, MN
Describe the Organization's Program Activity:
Part 3 - Line 4a
CITIES SMALL AND LARGE THROUGHOUT MINNESOTA ENCOURAGE AND ENTERTAIN ARTS LOVERS THROUGHOUT THE YEAR AT OUTDOOR VENUES TO PROMOTE THOSE INTERESTED IN PERFORMING FOR THE PUBLIC. NEW PRAGUE, A VIBRANT CITY OF 8,100 PEOPLE, HAS NO OUTDOOR PERFORMANCE FACILITY. "IT'S TIME" IS THE CATCHPHRASE/MOTTO FOR A COMMUNITY-WIDE EFFORT TO MAKE THIS TYPE OF FACILITY A REALITY IN NEW PRAGUE. WHY ARE WE UNDERTAKING THIS EFFORT?TO COMPLETE A LONG-STANDING NEED OF NEW PRAGUE TO PROVIDE THIS TYPE OF VENUE FOR COMMUNITY USE. CREATING OUTDOOR ARTS EVENTS IN NEW PRAGUE WITH A TENT/CANOPY IS NOT A LONG-TERM SOLUTION.TO COLLABORATE WITH THE CITY, SCHOOL, COMMUNITY ORGANIZATIONS, OTHER COMMUNITY LEADERS AND ARTS' GROUPS TO BUILD A VENUE THE COMMUNITY CAN BE PROUD OF; AND TO SHOW THE IMPORTANCE OF MEETING THE NEEDS OF THE COMMUNITY TOGETHER.TO PROVIDE A VENUE FOR FAMILY ENTERTAINMENT THROUGHOUT THE YEAR.TO PROVIDE OPPORTUNITIES FOR PEOPLE YOUNG AND OLD TO SHOWCASE THEIR TALENTS.TO CREATE A FACILITY THAT IS A SHOWCASE FOR THE SOUTHWEST METRO AREA THAT SHINES A POSITIVE LIGHT ON THE CITY OF NEW PRAGUE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Den Gardner Chair | OfficerTrustee | 1 | $0 |
Karen Steinhoff Vice Chair | OfficerTrustee | 1 | $0 |
Sandi Loxton Secretary | OfficerTrustee | 1 | $0 |
Bruce Wolf Treasurer/financial Officer | OfficerTrustee | 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 | $238,313 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $238,313 |
| Total Program Service Revenue | $0 |
| Investment income | $820 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $14,500 |
| Net Income from Gaming Activities | $6,487 |
| Net Income from Sales of Inventory | $475 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $260,595 |
| 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 | $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 | $17,469 |
| Advertising and promotion | $265 |
| Office expenses | $4,190 |
| Information technology | $264 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,677 |
| 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 | $24,655 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $70,120 |
| Savings and temporary cash investments | $5,001 |
| 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 | $160,819 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $235,940 |
| 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 | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $235,940 |
| Total liabilities and net assets/fund balances | $235,940 |