Eagan Foundation Incorporated
- Assets
- $212.6k
- Revenue
- $181.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Eagan, MN
- Founding
- 06/1992
- Data as of
- 12/2021
- EIN
- 41-1701309
Organization Overview
Eagan Foundation Incorporated is located in Eagan, MN. The organization was established in 1992. 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. Eagan 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 12/2021, Eagan Foundation Incorporated generated $181.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (7.2%) each year. All expenses for the organization totaled $211.7k during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE EAGAN FOUNDATION ENCOURAGES, SUPPORTS, AND ENHANCES IDEAS, FUNDING, AND COLLABORATIVE ACTION TO MEET COMMUNITY NEEDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPS: IN 2021 THE EAGAN COMMUNITY FOUNDATION ANNOUNCED 112 SCHOLARSHIP AWARDS TOTALING 127,200 FOR GRADUATING SENIORS OF THE EAGAN AREA. THE EAGAN FOUNDATION AWARDS SCHOLARSHIPS TO GRADUATING SENIORS LIVING IN EAGAN OR ATTENDING EAGAN HIGH SCHOOL. SCHOLARSHIPS ARE AWARDED BASED ON ACADEMIC MERIT, FINANCIAL NEED, AND OTHER REQUIREMENTS. SINCE 1991 THE EAGAN FOUNDATION HAS AWARDED 2,108 SCHOLARSHIPS TOTALING 2,008,390 IN AWARDS.
COMMUNITY GRANTS: THIS YEAR THE EAGAN FOUNDATION AWARDED A TOTAL OF 21,600 IN GRANTS TO 23 NON-PROFIT ORGANIZATIONS IN AND AROUND THE EAGAN AREA. SINCE 1990 OVER 200,000 HAS BEEN GIVEN IN GRANT AWARDS FROM THE EAGAN FOUNDATION. THE EAGAN FOUNDATION AWARDS GRANTS TO NON-PROFITS WHOSE WORK DIRECTLY BENEFITS THE EAGAN COMMUNITY ALONG WITH SOME GRANTS TARGETED AS COVID RELIEF FUNDS FOR NONPROFITS FACING LOST REVENUES OR INCREASED DEMAND.
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 |
|---|---|---|---|
Gary Rupp Treasurer | OfficerTrustee | 3 | $0 |
Melinda Sooy Chair | OfficerTrustee | 3 | $0 |
Angie Cunningham Secretary | OfficerTrustee | 3 | $0 |
David Lutz Vice & Grant | OfficerTrustee | 3 | $0 |
Jennifer Coates Board Member | Trustee | 3 | $0 |
Karen Elliott Board Member | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $3,776 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $161,888 |
| Noncash contributions included in lines 1a–1f | $2,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $165,664 |
| Total Program Service Revenue | $4,560 |
| Investment income | $3,079 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$6,823 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $15,396 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $181,876 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $148,800 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| 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 | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $839 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,790 |
| Office expenses | $1,412 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,655 |
| 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 | $1,782 |
| All other expenses | $2,914 |
| Total functional expenses | $211,724 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $183,528 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $29,108 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $212,636 |
| Accounts payable and accrued expenses | $13,225 |
| Grants payable | $0 |
| Deferred revenue | $3,075 |
| 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 | $16,300 |
| Net assets without donor restrictions | $21,329 |
| Net assets with donor restrictions | $175,007 |
| 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 | $212,636 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Eagan Foundation Incorporated has recieved totaling $41,000.
| Awarding Organization | Amount |
|---|---|
Saint Paul & Minnesota Foundation Saint Paul, MN PURPOSE: MULTIPLE PURPOSES | $20,500 |
Saint Paul & Minnesota Foundation Saint Paul, MN PURPOSE: MULTIPLE PURPOSES | $20,500 |
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 |