Hastings Public Schools Foundation

Organization Overview

Hastings Public Schools Foundation is located in Hastings, MN. The organization was established in 1998. 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. Hastings Public Schools 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 12/2021, Hastings Public Schools Foundation generated $78.0k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.2%) each year. All expenses for the organization totaled $65.7k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (7.5%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE PURPOSE OF THE HASTINGS PUBLIC SCHOOLS FOUNDATION IS TO ENRICH EDUCATIONAL EXPERIENCES WITHIN THE HASTINGS, MINNESOTA PUBLIC SCHOOLS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE ORGANIZATION'S MAIN FOCUS HAS BEEN TO BUILD AN INITIAL 1 MILLION PERMANENT ENDOWMENT FUND. AS OF DECEMBER 31, 2004, THE FUND BALANCE SURPASSED THE INITIAL 1 MILLION GOAL. THE FUND WILL BE INVESTED SO AS TO PRESERVE ITS CAPITAL AND GENERATE STEADY INCOME AND LONG-TERM GROWTH. BEGINNING IN 2005 A PORTION OF THE INCOME IS BEING DISBURSED TO DISTRICT 200 EDUCATORS FOR PROGRAMS THAT PROMOTE AND ENHANCE EDUCATIONAL OPPORTUNITIES IN THE HASTINGS, MINNESOTA, PUBLIC SCHOOLS. SPECIFIC PROGRAM EXPENSES FOR 2021 INCLUDED SCHOLARSHIPS OF 9,450, MINI GRANTS OF 5,991, 1,500 TOWARDS THE HASTINGS READS PROGRAM, AND GRANTS TO EDUCATORS OF 10,147.


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Board, Officers & Key Employees

Name (title)Compensation
Leslie Nielsen
Vice Preside
$0
Jean Langlais
Treasurer/se
$0
Richard Welshons
President
$0
Leon Endres
Board Member
$0
Dr Chris Johnston
Board Member
$0
Rita Molitor
Board Member
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$40,804
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$40,804
Total Program Service Revenue$0
Investment income $37,235
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $78,039

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Hastings Public Schools Foundation has recieved totaling $97,283.

Awarding OrganizationAmount
The American Center For Philanthropy Inc

Northfield, MN

PURPOSE: MULTIPLE GRANTS FOR MULTIPLE PURPOSES

$97,193
Amazonsmile Foundation

Seattle, WA

PURPOSE: GENERAL SUPPORT

$90
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$1,014,199
Ending Balance$1,014,199

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