District 196 Foundation Incorporated FY2021 filing

Tax-deductible

Rosemount, MN501(c)(3)EducationEIN 26-3152003Revenue $122K in FY2021

On file with the IRSdistrict196foundation.org3455 153rd St W, 55068-4946 · Rosemount, MNTax-exempt since Oct 2010Publicly supported charity — 170(b)(1)(A)(vi)

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Eliminate Barriers to Education

501(c)(3) charity; gifts are tax-deductible.
96¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 2
filings with a surplus
Average surplus $26K a year · 19% of revenue · last 2 filings
Looks good: a surplus in 2 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
96%
of spending
Looks good: 96% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
17 mo
of spending, in cash
Looks good: 16.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $500
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
8
of 8 voting members
Looks good: 8 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$122K
Spent
$121K
To programs
96%
Net assets
$169K
By yearFY2021–FY2025
Revenue
$122K
FY2021
Tap a bar for its year
Revenue by fiscal year
FY2021$122K
FY2022$149K
FY2023$161K
FY2024$67K
FY2025$58K
Expenses
$121K
FY2021
Tap a bar for its year
Expenses by fiscal year
FY2021$121K
FY2022$98K
FY2023Not on file
FY2024Not on file
FY2025Not on file
Net assets
$169K
FY2021
Tap a bar for its year
Net assets by fiscal year
FY2021$169K
FY2022$220K
FY2023$303K
FY2024$215K
FY2025$202K

From the FY2021 Form 990 (year ending June 2021) · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Oct 2010.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

96 cents of each dollar spent went to programs.

Program services 96% · $116K Management & general 4% · $5K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

4 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
See District 196 Foundation Incorporated executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Helps students overcome obstacles to learning and succeed in school.

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Provided by the organization

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3 programs · $121K · in their own filed words · FY2020
01

Eliminating barriers to education in ISD 196.

$77Kprogram expense
02

Support for Apple Valley High School

$22Kprogram expense
03

Support for STEM programs at Valley Middle School

$22Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 1 funder$500
Grants paid · 3 grants · $111K · 2020–2021
Unitemized GrantFY2021$25,250
Isd 196FY2021$25,000
Isd 196FY2020$60,325

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$122K
Ln 12
Gifts and grantsLn 1h$122K
Money outPt IX
$121K
Ln 25
Programscol B$116K
Managementcol C$5K
Owns and owesPt X
$169K
net assets · Ln 32
Cash and savingsLn 1–2$169K
Total assetsLn 16$169K
LiabilitiesLn 26$0
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$122K
Total revenueLn 12$122K
Assets in detailPt X, end of year
CashLn 1$169K
Cash and savings togetherLn 1–2$169K
Total assetsLn 16$169K
LiabilitiesLn 26$0
Net assetsLn 32$169K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$168K$169K
Total assetsLn 16$168K$169K
LiabilitiesLn 26$0$0
Net assetsLn 32$168K$169K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$92K$92K
Grants to domestic individualsLn 2$24K$24K
Office expensesLn 13$2K$2K
Information technologyLn 14$2K$2K
InsuranceLn 23$2K$2K
Total functional expensesLn 25$121K$116K$5K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $58K$202K 990 PDF
FY2024 $67K$215K 990 PDF
FY2023 $161K$303K 990 PDF
FY2022 $149K$98K$51K$220K 990 PDF
FY2021 Viewing $122K$121K$1K$169K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2021 990 (6 parts)
Part I · Summary $122,428 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $92,776$122,428
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenuePrior year $15,079$0
I-12 Total revenuePrior year $107,855$122,428
I-13 Grants and similar amounts paidPrior year $71,595$116,205
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $6,335$4,935
I-18 Total expensesPrior year $77,930$121,140
I-19 Revenue less expensesPrior year $29,925$1,288
Part VI · Governance 8 of 8 board members independent, 3 to look at
VI-1a Voting members of the governing body8
VI-1b Independent voting members8
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $122,428 across 4 lines filed
VIII-1f All other contributions, gifts and grants$122,428
VIII-1h Total contributions, gifts and grants$122,428
VIII-8 Net income from fundraising events$0
VIII-12 Total revenue$122,428
Part IX · Statement of functional expenses $121,140 across 5 lines filed
IX-1 Grants to domestic organizationsPrograms $92,205$92,205
IX-2 Grants to domestic individualsPrograms $24,000$24,000
IX-13 Office expensesManagement $1,556$1,556
IX-14 Information technologyManagement $1,837$1,837
IX-23 InsuranceManagement $1,542$1,542
IX-25 Total functional expensesPrograms $116,205 · Management $4,935 · Fundraising $0$121,140
Part X · Balance sheet $169,363 assets, 6 lines filed
X-1 Cash, non-interest-bearingStart of year $168,075$169,363
X-16 Total assetsStart of year $168,075$169,363
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $168,075$169,363
X-32 Total net assets or fund balancesStart of year $168,075$169,363
X-33 Total liabilities and net assetsStart of year $168,075$169,363
Part XI · Reconciliation of net assets $169,363 net assets at year end
XI-1 Total revenue$122,428
XI-2 Total expenses$121,140
XI-3 Revenue less expenses$1,288
XI-4 Net assets at start of year$168,075
XI-10 Net assets at end of year$169,363

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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