Mcminnville School District 40 Education Foundation
- Assets
- $623.1k
- Revenue
- $99.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Mcminnville, OR
- Founding
- 11/1998
- Data as of
- 12/2022
- EIN
- 93-1242941
Organization Overview
Mcminnville School District 40 Education Foundation is located in Mcminnville, OR. The organization was established in 1998. According to its NTEE Classification (B90) the organization is classified as: Educational Services, 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. Mcminnville School District 40 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, Mcminnville School District 40 Education Foundation generated $99.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (6.9%) each year. All expenses for the organization totaled $84.5k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (5.7%) per year over the past 8 years. 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
OUR MISSION IS TO EXPAND THE RANGE OF EDUCATIONAL OPPORTUNITIES AVAILABLE TO STUDENTS IN THE DISTRICT AND TO ENCOURAGE EXCELLENCE, INNOVATION, AND CREATIVITY IN OUR EDUCATIONAL SYSTEM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MUSIC BOOSTERS SUPPORTS MUSIC EDUCATION AT THE ELEMENTARY, MIDDLE AND HIGH SCHOOL LEVELS IN THE MCMINNVILLE SCHOOL DISTRICT. THE MUSIC BOOSTERS HAS BEEN ABLE TO HELP FUND ACCOMPANISTS, GUEST CLINICIANS, INSTRUMENT PURCHASES, STUDENT TRIPS AND FESTIVALS, STUDENT SCHOLARSHIPS, STUDENT MUSIC CAMPS AND MORE. MUSIC BOOSTERS SUPPORTS MORE THAN 500 STUDENTS IN MCMINNVILLE, OREGON.
THE SCIENCE PROGRAM OFFERS HANDS-ON SCIENCE EXPERIENCES OUTSIDE THE CLASSROOM TO EVERY ELEMENTARY STUDENT IN KINDERGARTEN THROUGH 5TH GRADE. THE PROGRAM IS ALIGNED WITH THE STATE SCIENCE STANDARDS ESTABLISHED BY THE OREGON DEPT OF EDUCATION. MORE THAN 3,000 STUDENTS ARE SERVED.
THE MINI GRANT PROGRAM SUPPORTS TEACHERS AND STAFF WITH SPECIFIC STUDENTS NEEDS AT ALL GRADE LEVELS. THOSE NEEDS MAY INCLUDE BOOKS, SCIENCE MATERIALS, MANIPULATIVES AND CLASSROOM ITEMS TO ENHANCE THE DELIVERY OF SUBJECT MATTER AND INCREASE THE MASTERY OF CONCEPTS. MORE THAN 3,300 STUDENTS ARE SERVED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Leah Mc Glade Director | Trustee | 1 | $0 |
Joel Kiff Director | Trustee | 1 | $0 |
Erich Berg Director | Trustee | 1 | $0 |
Susanne Howard Secretary | OfficerTrustee | 1 | $0 |
Kelley Kennedy President | OfficerTrustee | 2 | $0 |
Kathy Kollasch Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $26,715 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $27,482 |
| Noncash contributions included in lines 1a–1f | $60 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $54,197 |
| Total Program Service Revenue | $3,000 |
| Investment income | $18,631 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $28 |
| Net Income from Fundraising Events | $24,055 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $99,911 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $19,604 |
| Grants and other assistance to domestic individuals. | $500 |
| 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 | $1,495 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $156 |
| Office expenses | $110 |
| 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 | $640 |
| Insurance | $1,448 |
| All other expenses | $1,658 |
| Total functional expenses | $84,532 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $52,583 |
| 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 | $2,035 |
| Net Land, buildings, and equipment | $960 |
| Investments—publicly traded securities | $567,483 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $623,061 |
| 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 | $623,061 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $623,061 |