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Random Lake Education Foundation INC

Tax-deductible

Random Lake, WI501(c)(3)Education EIN 27-4270215Revenue $126K in FY2024

On file with the IRS605 Random Lake Rd, 53075-1646 · Random Lake, WITax-exempt since Dec 2012Publicly supported charity — 170(b)(1)(A)(vi)

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Provides scholarships and financial support to Random Lake high school students to provide them with the opportunity to achieve life goals that may otherwise be unattainable without financial assistance

501(c)(3) charity; gifts are tax-deductible.
96¢ of each $1 spent went to programs.
Run by 8 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 4
filings with a surplus
Average surplus $27K a year · 16% of revenue · last 4 filings
Worth a look: a surplus in 1 of the last 4 filings.
Pt I · Ln 19 · 4 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
7 mo
of spending, in cash
Plus $481K in investments, Pt X · Ln 11–13
Looks good: 6.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $30K
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
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$126K
+24% vs prior year
Spent
$151K
To programs
96%
Net assets
$564K
By yearFY2021–FY2024
Revenue
$126K
FY2024▲ +24%
Tap a bar for its year
Revenue by fiscal year
FY2021$318K
FY2022$112K
FY2023$101K
FY2024$126K
Expenses
$151K
FY2024▲ +25%
Tap a bar for its year
Expenses by fiscal year
FY2021$146K
FY2022$131K
FY2023$121K
FY2024$151K
Net assets
$564K
FY2024▲ +3%
Tap a bar for its year
Net assets by fiscal year
FY2021$609K
FY2022$515K
FY2023$548K
FY2024$564K

From the FY2024 Form 990 · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Dec 2012.

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% · $144K Management & general 4% · $7K

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

7 people listed on the 990.

Part VII, Section A · reportable compensation
Todd Miller
President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Wendy Bemis
Board Member
$0Pt VII · Sec A
Mark Bichler
Board Member
$0Pt VII · Sec A
Rita Horstmeier
Board Member
$0Pt VII · Sec A
Terri Yoho
Board Member
$0Pt VII · Sec A
See Random Lake Education Foundation INC 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

Grants scholarships and financial aid to Random Lake High students for life-changing opportunities.

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Provided by the organization

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2 programs · $144K · in their own filed words · FY2024
01

Issues monetary scholarships to graduating high school students

$139Kprogram expense
02

Uses alumni nations program services to connect with high school alumni

$5Kprogram 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
Oertle FoundationFY2024$30K
Total grants receivedfrom 1 funder$30K
Grants paid · 3 grants · $366K · 2021–2023
Unitemized GrantFY2023$110,000
Unitemized GrantFY2022$119,300
Unitemized GrantFY2021$136,450

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$126K
Ln 12
Gifts and grantsLn 1h$122K
Investment incomeLn 3$4K
Other incomeLn 4–11$610
Money outPt IX
$151K
Ln 25
Programscol B$144K
Managementcol C$7K
Owns and owesPt X
$564K
net assets · Ln 32
Cash and savingsLn 1–2$83K
Total assetsLn 16$564K
LiabilitiesLn 26$0
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$122K
Investment incomeLn 3$4K
Other incomeLn 4–11$610
Total revenueLn 12$126K
Assets in detailPt X, end of year
CashLn 1$81K
SavingsLn 2$2K
Cash and savings togetherLn 1–2$83K
InvestmentsLn 11–13$481K
Total assetsLn 16$564K
LiabilitiesLn 26$0
Net assetsLn 32$564K
OperationsPt I, VI
EmployeesI 50
VolunteersI 68
Fiscal year endsHeaderDecember
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 FY24End FY24
Cash and savingsLn 1–2$27K$83K
InvestmentsLn 11–13$521K$481K
Total assetsLn 16$548K$564K
LiabilitiesLn 26$0$0
Net assetsLn 32$548K$564K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$139K$139K
Accounting feesLn 11c$950$0$950$0
Investment management feesLn 11f$6K$0$6K$0
Advertising and promotionLn 12$5K$5K$0$0
Other expenses (24a–d)Ln 24$70$0$70$0
Total functional expensesLn 25$151K$144K$7K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $126K$151K−$25K$564K 990 PDF
FY2023 $101K$121K−$20K$548K 990 PDF
FY2022 $112K$131K−$20K$515K 990 PDF
FY2021 $318K$146K$172K$609K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $125,926 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $101,087$121,600
I-9 Program service revenue$0
I-10 Investment incomePrior year $14$3,716
I-11 Other revenuePrior year $234$610
I-12 Total revenuePrior year $101,335$125,926
I-13 Grants and similar amounts paidPrior year $110,000$139,100
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $11,151$11,816
I-18 Total expensesPrior year $121,151$150,916
I-19 Revenue less expensesPrior year −$19,816−$24,990
Part VI · Governance 7 of 7 board members independent, 3 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
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 $125,926 across 4 lines filed
Lines not itemized here account for $610 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$121,600
VIII-1h Total contributions, gifts and grants$121,600
VIII-3 Investment incomeUnrelated business $3,716 · Excluded from tax $0$3,716
VIII-12 Total revenueRelated to mission $610 · Unrelated business $3,716 · Excluded from tax $0$125,926
Part IX · Statement of functional expenses $150,916 across 5 lines filed
IX-2 Grants to domestic individualsPrograms $139,100$139,100
IX-11c Accounting feesPrograms $0 · Management $950 · Fundraising $0$950
IX-11f Investment management feesPrograms $0 · Management $5,659 · Fundraising $0$5,659
IX-12 Advertising and promotionPrograms $5,137 · Management $0 · Fundraising $0$5,137
IX-24 Other expenses (24a–d)Programs $0 · Management $70 · Fundraising $0$70
IX-25 Total functional expensesPrograms $144,237 · Management $6,679 · Fundraising $0$150,916
Part X · Balance sheet $564,493 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $17,933$80,621
X-2 Savings and temporary cash investmentsStart of year $9,378$2,389
X-11 Publicly traded securitiesStart of year $520,975$481,483
X-16 Total assetsStart of year $548,286$564,493
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $548,286$564,493
X-33 Total liabilities and net assetsStart of year $548,286$564,493
Part XI · Reconciliation of net assets $564,493 net assets at year end
XI-1 Total revenue$125,926
XI-2 Total expenses$150,916
XI-3 Revenue less expenses−$24,990
XI-4 Net assets at start of year$548,286
XI-5 Net unrealized gains (losses) on investments$41,197
XI-10 Net assets at end of year$564,493

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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