Appleton Education Foundation INC EIN 39-1866090 Form 990 (PDF) Claim this org

Appleton Education Foundation INC FY2021 filing

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Enriching community education through creative programs and resources. For fiscal year 2021 it reported $1.2M in revenue, $519K in expenses, and $8.0M in net assets.Pt I

Type
Supporting organization · Crime & Legal
Location
Appleton, WI
Website
www.appletoneducationfoundation.org
Filings
5 on file (2020–2021)
Revenue
$1.2MFY2021
Expenses
$519K
Net assets
$8.0M
People
23
Filings
5
Updates
0
More identity details & actions ⌄
EIN  39-1866090 Supporting organization Appleton, WI
Form 990 (PDF)
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →
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Size
$1–10M
What they do
Enriching community education through creative programs and resources.
Leadership
Aaron Sass · Director
Money in and out
$1.2M revenue, $519K expenses
Bottom line
+56% net inflow
Money in and out · FY2021
Total revenue
$1.2M
Pt VIII · Ln 12
Total expenses
$519K
Pt IX · Ln 25
Net assets
$8.0M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $653K
Where spending went · Part IX cols B–D
Program services $0.67 Management & general $0.22 Fundraising $0.11
Net inflow
+56%
revenue over expenses, this year
Pass-through gifts
59%
of revenue from contributions
Program spending
67%
of expenses reach stated programs

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Revenue
$1.2M
FY2021▲ +101%
Expenses
$519K
FY2021▼ -11%
Total assets
$8.1M
FY2021▲ +25%
Total liabilities
$76K
FY2021▲ +68%
Total revenue
$1.2M
Pt VIII · Ln 12
Total expenses
$519K
Pt IX · Ln 25
Net assets
$8.0M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$653K
Total assetsPt X · Ln 16$8.1M
Program-expense ratioPt IX · col B67%
Voting members of governing bodyPt I · Ln 320
Independent voting membersPt I · Ln 420

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CAppleton Education Foundation INC
EINHdr · item D39-1866090
Principal addressHdr · item CAppleton, WI
Year of formationHdr · item Lpending
State of legal domicileHdr · item MWI
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFCrime & Legal (I70)
Ruling yearIRS BMFMay 1997

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a20
Independent voting membersPt VI · Ln 1b20
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Director
$0Pt VII · Sec A
Treasurer & Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Past Director
$0Pt VII · Sec A
Vice President & Director
$0Pt VII · Sec A
See Appleton Education Foundation INC executive salaries →

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Mission & Programs · Part III

Where the work happens

1 program service account for $350K of program spending, described in the organization's own filed words · FY2020.
01

Awarded grants totaling nearly $203,000 to support educational projects and programs benefiting appleton area school district students and staff members, as well as the community. Early childhood development & kindergarten readiness, as well as career based learning continue to be key interest areas.

$350Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$692K · 59%
Investment income$328K · 28%
Other revenue$114K · 10%
Program service revenue$38K · 3%
Contributions & grants59%$692K
Investment income28%$328K
Other revenue10%$114K
Program service revenue3%$38K
— government grantsLn 1e$48K
Total revenueLn 12$1.2M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.67 Management & general $0.22 Fundraising $0.11
Program services67%$350K
Management & general22%$112K
Fundraising11%$57K
Total functional expensesLn 25$519K

Balance Sheet

Part X · end of year
CashLn 1$687
Total assetsLn 16$8.1M
Total liabilitiesLn 26$76K
Total net assetsLn 32$8.0M
Months of cash on handcomputed0.0

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $7.8M · Operating expenses (Pt IX) $519K · Less non-cash grants $956 · Cash operating expenses/yr $518K
180.6 months
Where the money goes
Program services
Program services $350K · Total expenses $519K
67%
Management & General
Management & general $112K · Total expenses $519K
22%
Fundraising
Fundraising $57K · Total expenses $519K
11%
Cost to raise $1
Fundraising expense (2-yr avg) $54K · Solicited contributions (2-yr avg) $536K
$0.10 to raise $1 (2-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $692K · Total revenue $1.2M
59%
Government reliance
Government grants $48K · Total revenue $1.2M
4%
Earned-income share
Program service revenue $38K · Total revenue $1.2M
3%
Investment reliance
Investment income $328K · Total revenue $1.2M
+28%
Program self-sufficiency
Program service revenue $38K · Total expenses $519K
7%
Growth & trend
Revenue growth (YoY)
This year $1.2M · Prior year $583K
+101%
Net-asset trend (YoY)
End of year $8.0M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $1.2M · Expenses $519K
+56%
Liabilities-to-Assets
Total liabilities — · Total assets $8.1M
Net-asset ratio
Net assets $8.0M · Total assets $8.1M
99%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $1.9M · Other securities (Pt X, ln 12) $5.9M · Total assets (Pt X, ln 16) $8.1M
96%
People & payroll
Highest Reported Total Compensation
Individual Aaron Sass · Reported title DIRECTOR · Highest reported compensation $0 · Total expenses $519K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $199K · Total expenses $519K
38%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 67%
Overhead ratio 22%
Fundraising cost ratio 8%
Revenue growth 101%
Investment management fee ratio 0.2%
Accounting fee ratio 1%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2024
See all 5 funders →
Grants paid · 19 grants · $1.4M · 2019–2024
Appleton Area School DistrictFY2024$297,923
Unitemized GrantFY2024$23,650
Appleton Area School DistrictFY2023$250,548
Unitemized GrantFY2023$20,498
Care Fox CitiesCA · FY2023$11,000
The Building for Kids INCWI · FY2023$10,000
Appleton Area School DistrictFY2022$158,456
Mielke Family Foundation INCWI · FY2022$46,444
Unitemized GrantFY2022$17,300
Valley New School INCWI · FY2022$14,659
Appleton Area School DistrictFY2021$100,966
Unitemized GrantFY2021$12,975
Valley New School INCWI · FY2021$8,383
Appleton Area School DistrictFY2020$177,209
Unitemized GrantFY2020$13,300
Appleton Area School DistrictFY2019$173,736
See all 19 grants →

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$1.4M revenue · ⤓ 990 PDF
FY2023$1.6M revenue · ⤓ 990 PDF
FY2022$778K revenue · ⤓ 990 PDF
FY2021$1.2M revenue · viewing · ⤓ 990 PDF
FY2020$583K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
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