Austin Public Education Foundation Inc
- Assets
- $2.3m
- Revenue
- $380.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Austin, MN
- Founding
- 02/1991
- Data as of
- 06/2022
- EIN
- 41-1676826
Organization Overview
Austin Public Education Foundation Inc is located in Austin, MN. The organization was established in 1991. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, 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. Austin Public 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 06/2022, Austin Public Education Foundation Inc generated $380.0k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.5% each year . All expenses for the organization totaled $150.5k during the year ending 06/2022. While expenses have increased by 8.5% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE FUNDING FOR CLASS SUPPLIES, PROJECTS, GRANTS AND AWARDS THAT IMPROVE THE QUALITY OF EDUCATION FOR THE STUDENTS IN AUSTIN SCHOOLS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RAISING FUNDS TO SUPPORT, AID AND PROMOTE EDUCATIONAL PROGRAMS IN INDEPENDENT SCHOOL DISTRICT 492.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jen Boysen Executive Di | Trustee | 15 | $10,000 |
Amanda Hulne Executive Di | Trustee | 15 | $2,000 |
Ashley Denison Vice Presice | OfficerTrustee | 2 | $0 |
Carolyn Dube President | OfficerTrustee | 2 | $0 |
Tom Klapperich Treasurer | OfficerTrustee | 2 | $0 |
Derik Gustufson Secretary | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,965 |
| Fundraising events | $18,574 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $276,170 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $296,709 |
| Total Program Service Revenue | $2,340 |
| Investment income | $64,362 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $19,489 |
| Net Income from Fundraising Events | -$2,912 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $379,988 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $80,729 |
| Grants and other assistance to domestic individuals. | $27,592 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $12,000 |
| Compensation of current officers, directors, key employees. | $12,000 |
| 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 | $6,365 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $15,485 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $2,632 |
| 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 | $0 |
| Insurance | $583 |
| All other expenses | $438 |
| Total functional expenses | $150,464 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $63,512 |
| Savings and temporary cash investments | $44,281 |
| 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 | $412 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $2,220,727 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,328,932 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $84,581 |
| Deferred revenue | $5,320 |
| 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 | $89,901 |
| Net assets without donor restrictions | $612,957 |
| Net assets with donor restrictions | $1,626,074 |
| 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 | $2,328,932 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Austin Public Education Foundation Inc has recieved totaling $54,986.
| Awarding Organization | Amount |
|---|---|
Hirsh Family Foundation Austin, MN PURPOSE: SUPPORT PUBLIC EDUCATION | $51,734 |
Hormel Foods Corporation Chartible Tr Austin, MN PURPOSE: EDUCATION | $2,000 |
Amg Charitable Gift Foundation Greenwood Village, CO PURPOSE: EDUCATION | $1,160 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $92 |
Endowment Analysis
| Beg. Balance | $1,109,044 |
| Earnings | -$253,512 |
| Ending Balance | $875,620 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Wonderful Foundations Minneapolis, MN | $335,018,950 | $18,325,687 |
Northern School District Tr Nsdt Ashland, WI | $7,100,055 | $19,700,380 |
Plumbers & Steamfitters H & W Trust Iowa State Bank Ttee Des Moines, IA | $75,894,378 | $21,812,028 |
P E O Foundation Des Moines, IA | $140,487,423 | $16,863,604 |
Drexel Funds Milwaukee, WI | $18,531,220 | $8,522,964 |
North Central States Regional Council Of Carpenters Trng Fund Eau Claire, WI | $10,404,488 | $4,232,713 |
Sand County Foundation Inc Madison, WI | $15,482,706 | $6,154,396 |
Life Time Foundation Chanhassen, MN | $2,791,059 | $2,904,635 |
City Forward Collective Inc Milwaukee, WI | $6,717,920 | $2,212,895 |
Via-Bradely College Of Engineering Foundation Sioux Falls, SD | $33,602,136 | $3,151,765 |
Madison Area Technical College Foundation Inc Madison, WI | $19,547,707 | $4,171,287 |
Des Moines Area Community College Foundation Ankeny, IA | $21,577,534 | $4,357,178 |