Isd 88 Foundation
- Assets
- $686.3k
- Revenue
- $73.4k
- Investments
- $0.0
- Employees
- 1
- Location
- New Ulm, MN
- Founding
- 02/2014
- Data as of
- 12/2021
- EIN
- 45-5615797
Organization Overview
Isd 88 Foundation is located in New Ulm, MN. The organization was established in 2014. 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. Isd 88 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, Isd 88 Foundation generated $73.4k 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 (18.7%) each year. All expenses for the organization totaled $47.4k 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
TO ENHANCE THE QUALITY OF EDUCATION IN ISD 88 WHILE CREATING PARTNERSHIPS BETWEEN OUR SCHOOLS, OUR COMMUNITIES AND ALUMNI.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DURING 2021, THE ISD 88 FOUNDATION CONTINUED TO EXPAND ON THEIR GRANTING PROCESS TO GIVE FUNDS TO THE NEW ULM PUBLIC SCHOOLS FOR EDUCATIONAL ENHANCEMENTS. THE PRIMARY PROJECTS FUNDED IN 2021 WERE GRANTS TO PROVIDE MUSIC ON THE PLAYGROUND AT WASHINGTON LEARNING CENTER, PROVIDE START-UP FUNDS FOR THE NEW CTE PROGRAM AND A FOREST OUTDOOR LEARNING PROJECT AT JEFFERSON ELEMENTARY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joan Ristuccia Exec Directo | Trustee | 20 | $21,340 |
Jacob Holm Treasurer | OfficerTrustee | 2 | $0 |
Abby Swenson Vice Preside | OfficerTrustee | 2 | $0 |
Shannon Frauenholz President | OfficerTrustee | 2 | $0 |
Lisa Besesmer Secretary | OfficerTrustee | 2 | $0 |
Mike Benz Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $31,259 |
| Related organizations | $0 |
| Government grants | $9,225 |
| All other contributions, gifts, grants, and similar amounts not included above | $13,534 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $54,018 |
| Total Program Service Revenue | $0 |
| Investment income | $10,171 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $12,912 |
| Net Income from Fundraising Events | -$3,689 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $73,412 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $10,500 |
| 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 | $21,340 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $1,673 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,517 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,424 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,055 |
| Office expenses | $1,834 |
| Information technology | $1,084 |
| 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 | $0 |
| All other expenses | $185 |
| Total functional expenses | $47,446 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $140,790 |
| Savings and temporary cash investments | $29,166 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $515,950 |
| Intangible assets | $0 |
| Other assets | $395 |
| Total assets | $686,301 |
| Accounts payable and accrued expenses | $396 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $129,513 |
| 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 | $129,909 |
| Net assets without donor restrictions | $210,524 |
| Net assets with donor restrictions | $345,868 |
| 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 | $686,301 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Isd 88 Foundation has recieved totaling $61.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $61 |
Endowment Analysis
| Beg. Balance | $462,926 |
| Earnings | $49,999 |
| Net Contributions | $3,025 |
| Ending Balance | $515,950 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
Miller Endowment Incorporated Ames, IA | $22,284,130 | $1,447,422 |
Iowa College Foundation Des Moines, IA | $7,601,336 | $1,927,763 |
Rochester Msa Building Company Rochester, MN | $15,938,689 | $1,651,178 |