District 196 Foundation Incorporated
- Assets
- $360.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Rosemount, MN
- Founding
- 10/2010
- Data as of
- 06/2024
- EIN
- 26-3152003
Organization Overview
District 196 Foundation Incorporated is located in Rosemount, MN. The organization was established in 2010. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, 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. District 196 Foundation Incorporated 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 06/2024, District 196 Foundation Incorporated generated $67.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (4.7%) each year. All expenses for the organization totaled $38.5k during the year ending 06/2024. As we would expect to see with falling revenues, expenses have declined by (25.2%) per year over the past 5 years. 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
ELIMINATE BARRIERS TO LEARNING IN DISTRICT 196, MINNESOTA
Describe the Organization's Program Activity:
Part 3
SCHOLARSHIPS ON BEHALF OF APPLE VALLEY HIGH SCHOOL
ELIMINATING BARRIERS TO LEARNING IN DISTRICT 196, MINNESOTA
SUPPORT FOR VALLEY MIDDLE SCHOOL
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Hue Nguyen Chair | 1 | $0 | |
Justin Emmerich Vice Chair | 1 | $0 | |
Sarah Jackson Treasurer | 1 | $0 | |
Dilip Nayak Secretary | 1 | $0 | |
Jennifer 0'rourke Member | 1 | $0 | |
Melinda Hugdahl Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $67,118 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $67,118 |
| 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 | $833 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $238 |
| Other expenses | $4,922 |
| Total expenses | $38,493 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $360,103 |
| Other assets | $0 |
| Total assets | $360,103 |
| Total liabilities | $145,061 |
| Net assets or fund balances | $215,042 |