District 112 Foundation
- Assets
- $130.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Chaska, MN
- Founding
- 12/1991
- Data as of
- 06/2023
- 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 06/2023, District 112 Foundation generated $137.9k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.8% each year . All expenses for the organization totaled $91.6k during the year ending 06/2023. While expenses have increased by 6.8% 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
2023
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.
SHERIDAN STORY - FOOD AND BACKPACK PROGRAM PROVIDING ASSISTANCE TO STUDENTS IN NEED.
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Arlene Borner Board Member | 1 | $0 | |
John Gamades Vice Chair | 1 | $0 | |
Katherine Dewall Chair | 1 | $0 | |
Mary Mobeck Board Member | 1 | $0 | |
Beth Sween Treasurer | 1 | $0 | |
Luke Radziej Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $137,665 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $650 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | -$888 |
| Other Revenue | $490 |
| Total Revenue | $137,917 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $32,739 |
| Salaries, other compensation, and employee benefits | $17,416 |
| Professional fees and other payments to independent contractors | $2,274 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $461 |
| Other expenses | $38,758 |
| Total expenses | $91,648 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $124,580 |
| Other assets | $0 |
| Total assets | $130,302 |
| Total liabilities | $4,992 |
| Net assets or fund balances | $125,310 |