White Bear Lake Area Educational Foundation

Organization Overview

White Bear Lake Area Educational Foundation is located in White Bear Lake, MN. The organization was established in 1994. According to its NTEE Classification (B80) the organization is classified as: Student Services, under the broad grouping of Education and related organizations. As of 06/2022, White Bear Lake Area Educational Foundation employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. White Bear Lake Area Educational 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, White Bear Lake Area Educational Foundation generated $397.1k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.5% each year . All expenses for the organization totaled $254.9k during the year ending 06/2022. While expenses have increased by 2.4% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

THE MISSION OF THE WHITE BEAR LAKE AREA EDUCATIONAL FOUNDATION IS TO ENHANCE THE DISTRICT'S ABILITY TO PROVIDE EXCELLENCE IN EDUCATION FOR ALL STUDENTS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

BROSIOUS FUND - ENDOWMENT FUND USED TO GIVE GRANTS TO AN INDIVIDUAL OR GROUP OF TEACHERS TO ENHANCE THE RIGOR OF THE CURRICULUM OR INSTRUCTION WITHIN THE SCHOOL DISTRICT.


GLASRUD FUND - FELLOWSHIPS AWARDED TO TEACHERS FOR PROFESSIONAL GROWTH WITH THE HOPE THAT THESE AWARDS WILL ALLOW TEACHERS TO PURSUE PROFESSIONAL DEVELOPMENT WHICH WOULD OTHERWISE NOT BE POSSIBLE.


RYAN FAMILY FUND - FUND THAT PROVIDES FUNDING TO HELP FUND INSTRUCTIONAL MATERIALS, ART SUPPLIES, AND ARTISTS IN THE LOCAL ELEMENTARY SCHOOLS.


OTHER FUNDS - THE FOUNDATION IS WILLING TO ESTABLISH NEW FUNDS FOR A SPECIFIC PURPOSE IF DONOR GIFTS ARE GREATER THAN $15,000. THE FOUNDATION HAS SEVERAL FUNDS ESTABLISHED FOR VARIOUS PURPOSES, ALL OF WHICH SUPPORT THE MISSION OF THE FOUNDATION.


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Board, Officers & Key Employees

Name (title)Compensation
Lori Arnold
Executive Director
$60,000
Angie Johnson
Director
$52
Mary Dahle
Vice President - Programs
$0
Britt Fouks
Vice President - Development
$0
Andrea Loppnow
President
$0
Chris Suedbeck
Treasurer
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$96,554
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$211,149
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$307,703
Total Program Service Revenue$0
Investment income $128,444
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$5,577
Net Income from Fundraising Events -$33,481
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $397,089

Grants Recieved

Over the last fiscal year, we have identified 1 grants that White Bear Lake Area Educational Foundation has recieved totaling $1,000.

Awarding OrganizationAmount
Connexus Energy Foundation

Ramsey, MN

PURPOSE: DONATION

$1,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$1,985,472
Earnings-$276,101
Admin Expense-$48,992
Net Contributions$4,000
Grants-$27,195
Ending Balance$1,637,184

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