District 112 Foundation
- Assets
- $79.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Chaska, MN
- Founding
- 12/1991
- Data as of
- 06/2022
- EIN
- 36-3555868
Organization Overview
District 112 Foundation is located in Chaska, MN. The organization was established in 1991. 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 112 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, District 112 Foundation generated $100.3k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 25.9% each year . All expenses for the organization totaled $122.4k during the year ending 06/2022. While expenses have increased by 26.6% 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION CARRIES OUT ACTIVITIES THAT ENHANCE EDUCATIONAL OPPORTUNITIES FOR STUDENTS AND FACULTY IN MINNESOTA INDEPENDENT SCHOOL DISTRICT #112.
Describe the Organization's Program Activity:
Part 3
SCHOLARSHIPS TO GRADUATING SENIORS FROM PUBLIC SCHOOL DISTRICT #112. SCHOLARSHIPS FOR BOTH FOUR-YEAR AND TWO-YEAR SCHOOL PROGRAMS ARE AWARDED - SIX INDIVIDUALS BENEFITTED.
GRANTS AWARDED TO READING, WRITING, MATH AND OTHER PROGRAMS THAT ENHANCE EDUCATIONAL OPPORTUNITIES FOR STUDENTS IN DISTRICT #112.
EXPENSES RELATED TO SPECIAL EVENTS THAT SUPPORT BACK TO SCHOOL ACTIVITIES, TEACHER RETIREMENT CELEBRATIONS, AND TEACHER EXCELLENCE.
SHERIDAN STORY - FOOD AND BACKPACK PROGRAM PROVIDING ASSISTANCE TO STUDENTS IN NEED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Arlene Borner Chair Elect | 1 | $0 | |
Nicole Klitzke Chair | 1 | $0 | |
John Gamades Interim Secr | 1 | $0 | |
Luke Radziej Board Member | 1 | $0 | |
Katherine Dewall Director | 1 | $0 | |
Mary Mobeck Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $96,490 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $393 |
| Gain or Loss | $234 |
| Net Income from Gaming & Fundraising | $3,039 |
| Other Revenue | $188 |
| Total Revenue | $100,344 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $10,725 |
| Salaries, other compensation, and employee benefits | $20,549 |
| Professional fees and other payments to independent contractors | $1,862 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $1,148 |
| Other expenses | $88,158 |
| Total expenses | $122,442 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $73,617 |
| Other assets | $0 |
| Total assets | $79,041 |
| Total liabilities | $0 |
| Net assets or fund balances | $79,041 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that District 112 Foundation has recieved totaling $7,090.
| Awarding Organization | Amount |
|---|---|
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $6,047 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $1,043 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Iowa Student Loan Liquidity Corp West Des Moines, IA | $1,230,053,718 | $45,688,659 |
Northstar Education Finance Inc Eagan, MN | $1,293,468,719 | $40,177,777 |
Northwestern Mutual Life Foundation Inc Milwaukee, WI | $106,326,341 | $38,353,841 |
Scholarship America Inc Minneapolis, MN | $219,130,905 | $29,933,482 |
Des Moines Golf And Country Club West Des Moines, IA | $24,329,403 | $13,657,003 |
Waitt Foundation North Sioux City, SD | $157,175,219 | $6,009,824 |
Team Makers Club Inc Fargo, ND | $24,927,572 | $16,460,437 |
Bentson Foundation Wayzata, MN | $107,689,978 | $6,021,397 |
Rsm Us Foundation Davenport, IA | $13,920,904 | $7,669,329 |
Pleasant T Rowland Foundation Brookfield, WI | $94,312,384 | $11,804,849 |
Central States Fair Rapid City, SD | $6,354,015 | $4,358,357 |
Sc Johnson Giving Inc Racine, WI | $34,098,989 | $19,343,102 |