Kiel Educational Endowment Fund INC

Tax-deductible

Kiel, WI501(c)(3)EducationEIN 39-1691569Revenue $44K in FY2024

On file with the IRSkiel.k12.wi.us/district/keef.cfmPo Box 201, 53042-0201 · Kiel, WITax-exempt since May 2012Publicly supported charity — 170(b)(1)(A)(vi)

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To further the educational and related opportunities for the students of the Kiel Area School District.

501(c)(3) charity; gifts are tax-deductible.
100¢ 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
5 of 5
filings with a surplus
Average surplus $104K a year · 86% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
4 mo
of spending, in cash
Looks good: 3.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $2K
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
$44K
-15% vs prior year
Spent
$43K
To programs
100%
Net assets
$2.2M
By yearFY2020–FY2024
Revenue
$44K
FY2024▼ -15%
Tap a bar for its year
Revenue by fiscal year
FY2020$24K
FY2021$462K
FY2022$27K
FY2023$52K
FY2024$44K
Expenses
$43K
FY2024▲ +216%
Tap a bar for its year
Expenses by fiscal year
FY2020$2K
FY2021$7K
FY2022$21K
FY2023$14K
FY2024$43K
Net assets
$2.2M
FY2024▲ +13%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.3M
FY2021$2.0M
FY2022$1.7M
FY2023$1.9M
FY2024$2.2M

From the FY2024 Form 990 · see the original

Give Claim

Is it real?

Yes. Exemption reinstated (2010-05-15). Per the IRS revocation list. Latest filing on record: FY2024. IRS ruling in May 2012.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $43K Fundraising 0% · $91

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
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Vice-President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Kiel Educational Endowment Fund 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

Supports educational and related opportunities for Kiel Area School District students.

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Provided by the organization

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1 program · $43K · in their own filed words · FY2024
01

The organization has provided grants to enhance the educational experience for the students of the Kiel Area School District.

$43Kprogram 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$2K
Grants paid · 4 grants · $73K · 2021–2024
Kiel Area School DistrictFY2024$39,716
Kiel Area School DistrictFY2023$6,255
Kiel Area School DistrictFY2022$20,063
Kiel Area School DistrictFY2021$7,119

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$44K
Ln 12
Investment incomeLn 3$34K
Gifts and grantsLn 1h$9K
Other incomeLn 4–11$1K
Money outPt IX
$43K
Ln 25
Programscol B$43K
Fundraisingcol D$91
Owns and owesPt X
$2.2M
net assets · Ln 32
Cash and savingsLn 1–2$13K
Total assetsLn 16$2.2M
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$9K
Government grantsLn 1e$0
Noncash giftsLn 1g$0
Fundraising eventsLn 1c$1K
Investment incomeLn 3$34K
Other incomeLn 4–11$1K
Total revenueLn 12$44K
Assets in detailPt X, end of year
CashLn 1$1K
SavingsLn 2$12K
Cash and savings togetherLn 1–2$13K
InvestmentsLn 11–13$2.2M
Total assetsLn 16$2.2M
LiabilitiesLn 26$0
Net assetsLn 32$2.2M
OperationsPt I, VI
EmployeesI 50
VolunteersI 68
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
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$292K$13K
InvestmentsLn 11–13$1.6M$2.2M
Total assetsLn 16$1.9M$2.2M
LiabilitiesLn 26$0$0
Net assetsLn 32$1.9M$2.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$40K$40K
Investment management feesLn 11f$2K$2K
InsuranceLn 23$1K$1K
Other expenses (24a–d)Ln 24$170$79$0$91
Total functional expensesLn 25$43K$43K$0$91

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $44K$43K$1K$2.2M 990 PDF
FY2023 $52K$14K$38K$1.9M 990 PDF
FY2022 $27K$21K$6K$1.7M 990 PDF
FY2021 $462K$7K$455K$2.0M 990 PDF
FY2020 $24K$2K$22K$1.3M 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 FY2024 990 (6 parts)
Part I · Summary $43,873 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $3,692$8,676
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $48,215$34,123
I-11 Other revenuePrior year $0$1,074
I-12 Total revenuePrior year $51,907$43,873
I-13 Grants and similar amounts paidPrior year $6,255$39,716
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $7,264$2,967
I-18 Total expensesPrior year $13,519$42,683
I-19 Revenue less expensesPrior year $38,388$1,190
Part VI · Governance 7 of 7 board members independent, 4 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
VI-12a Written conflict of interest policyNo
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
Part VIII · Statement of revenue $43,873 across 12 lines filed
VIII-1a Federated campaigns$0
VIII-1b Membership dues$0
VIII-1c Fundraising events$1,074
VIII-1d Related organizations$0
VIII-1e Government grants$0
VIII-1f All other contributions, gifts and grants$7,602
VIII-1g Noncash contributions (included above)$0
VIII-1h Total contributions, gifts and grants$8,676
VIII-3 Investment incomeRelated to mission $0 · Unrelated business $0 · Excluded from tax $34,123$34,123
VIII-5 RoyaltiesRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-8 Net income from fundraising eventsUnrelated business $1,074 · Excluded from tax $0$1,074
VIII-12 Total revenueRelated to mission $0 · Unrelated business $1,074 · Excluded from tax $34,123$43,873
Part IX · Statement of functional expenses $42,683 across 4 lines filed
IX-1 Grants to domestic organizationsPrograms $39,716$39,716
IX-11f Investment management feesPrograms $1,672$1,672
IX-23 InsurancePrograms $1,125$1,125
IX-24 Other expenses (24a–d)Programs $79 · Management $0 · Fundraising $91$170
IX-25 Total functional expensesPrograms $42,592 · Management $0 · Fundraising $91$42,683
Part X · Balance sheet $2,176,598 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $808$1,402
X-2 Savings and temporary cash investmentsStart of year $291,038$11,891
X-11 Publicly traded securitiesStart of year $1,639,916$2,163,305
X-16 Total assetsStart of year $1,931,762$2,176,598
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $1,931,762$2,176,598
X-33 Total liabilities and net assetsStart of year $1,931,762$2,176,598
Part XI · Reconciliation of net assets $2,176,598 net assets at year end
XI-1 Total revenue$43,873
XI-2 Total expenses$42,683
XI-3 Revenue less expenses$1,190
XI-4 Net assets at start of year$1,931,762
XI-5 Net unrealized gains (losses) on investments$243,646
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments$0
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$2,176,598

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

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