Albert Lea Public Education Foundation Inc

Organization Overview

Albert Lea Public Education Foundation Inc is located in Albert Lea, MN. The organization was established in 2001. According to its NTEE Classification (B94) the organization is classified as: Parent & Teacher Groups, 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. Albert Lea 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 12/2021, Albert Lea Public Education Foundation Inc generated $144.5k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.7% each year . All expenses for the organization totaled $142.3k during the year ending 12/2021. While expenses have increased by 7.1% 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.

Since 2015, Albert Lea Public Education Foundation Inc has awarded 22 individual grants totaling $351,362. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO SERVE THE STUDENTS OF DISTRICT 241 BY IDENTIFYING EDUCATIONAL NEEDS AND CREATING FINANCIAL SUPPORT THROUGH CREATING PERMANENT ENDOWMENTS AND DEVELOPING FUNDING FOR THE CREATION AND MAINTENANCE OF NEW PROGRAMS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE ORGANIZATION PROVIDED SEVERAL GRANTS TO THE ALBERT LEA SCHOOL DISTRICT AND SCHOLARSHIPS TO STUDENTS ENTERING COLLEGE.


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Board, Officers & Key Employees

Name (title)Compensation
Brad Kirchner
President
$0
Neal Skaar
Vice President
$0
Steve Tufte
Treasurer
$0
Abby Leach
Secretary
$0
Kim Nelson
Secretary
$0
Mike Peterson
Director
$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$81,944
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$81,944
Total Program Service Revenue$0
Investment income $62,565
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 $144,509

Grants Awarded

Over the last fiscal year, Albert Lea Public Education Foundation Inc has awarded $73,919 in support to 5 organizations.

Grant RecipientAmount

ALBERT LEA AREA SCHOOLS

PURPOSE: TEACHER GRANTS

$21,619

SOUTH DAKOTA STATE UNIVERSITY

PURPOSE: SCHOLARSHIPS

$20,000

MN STATE UNIVERSITY-MANKATO

PURPOSE: SCHOLARSHIPS

$16,000

UNIVERSITY OF MINNESOTA

PURPOSE: SCHOLARSHIPS

$8,800

UNIVERSITY OF IOWA

PURPOSE: SCHOLARSHIPS

$7,500
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Albert Lea Public Education Foundation Inc has recieved totaling $169,678.

Awarding OrganizationAmount
Saint Paul & Minnesota Foundation

Saint Paul, MN

PURPOSE: MULTIPLE GRANTS FOR MULTIPLE PURPOSES

$163,899
Mightycause Charitable Foundation

Marianna, FL

PURPOSE: UNRESTRICTED

$5,779
View Grant Recipient Profile

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