Watertown Mayer Education Foundation Inc
- Assets
- $153.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Watertown, MN
- Founding
- 10/2017
- Data as of
- 12/2023
- EIN
- 38-4034334
Organization Overview
Watertown Mayer Education Foundation Inc is located in Watertown, MN. The organization was established in 2017. 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. Watertown Mayer Education Foundation Inc 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 12/2023, Watertown Mayer Education Foundation Inc generated $88.5k in total revenue. This represents relatively stable growth, over the past 2 years the organization has increased revenue by an average of 2.2% each year. All expenses for the organization totaled $54.6k during the year ending 12/2023. While expenses have increased by 5.4% per year over the past 2 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Pat Hittle President | 10 | $0 | |
Lori Sieling Vice President | 0 | $0 | |
Angela Eick-Eliason Secretary | 0 | $0 | |
Scott Wakefield Former Treasurer | 1 | $0 | |
Gina Phearman Treasurer | 1 | $0 | |
Dave Niermann Finance Committee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $72,810 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $15,677 |
| Other Revenue | $0 |
| Total Revenue | $88,487 |
| 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 | $750 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $648 |
| Other expenses | $1,155 |
| Total expenses | $54,553 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $153,425 |
| Other assets | $0 |
| Total assets | $153,425 |
| Total liabilities | $0 |
| Net assets or fund balances | $153,425 |