Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Feb 1987.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
61 cents of each dollar spent went to programs.
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
20 people listed on the 990; $70K paid to officers and key staff.
Compensation history total reportable pay by year · 3 named individuals · Part VII
| Name | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Melissa Streit | — | — | — | — | — | $80,743 |
| Jill Howe | $70,124 | $66,517 | $67,000 | $33,004 | — | — |
| Lya Hurst | — | — | — | — | $46,719 | — |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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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 15aYes
Programs and updates
Supports innovative programs for all Minnetonka Public Schools by securing community resources.
Questions for Minnetonka Public Schools Foundation
Your first name shows with your question. Minnetonka Public Schools Foundation answers here, for everyone.
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Teacher Grant Program
The teacher grant program plays a critical role in fostering academic innovation in our district's classrooms. Each year, minnetonka teachers submit grant requests for creative, educational ideas and programs they would like to implement for their students.
Board Designated Endowment Program
The board designated endowment supports educational initiatives that require ongoing funding or larger sums that cannot be supported by the annual teacher grant program. The board designated endowment is managed by a professional investment firm in accordance with strict investment principles identified in the foundation's by-laws.
Scholarships and Awards
The foundation accepts donations to support student scholarships, specific new programs for the school district and other awards to acknowledge teacher achievement. Each of these funds have their own fund document and are voted on by board trustees.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2025 990, line by line.
Download 990
| Line | Start FY25 | End FY25 |
|---|---|---|
| Cash and savingsLn 1–2 | $97K | $106K |
| InvestmentsLn 11–13 | $1.6M | $1.8M |
| Total assetsLn 16 | $1.7M | $1.9M |
| LiabilitiesLn 26 | $42K | $37K |
| Net assetsLn 32 | $1.7M | $1.9M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $177K | $177K | ||
| Pay of current officers, directors and key staffLn 5 | $76K | $15K | $30K | $30K |
| Other salaries and wagesLn 7 | $15K | $5K | $4K | $6K |
| Payroll taxesLn 10 | $7K | $2K | $3K | $3K |
| Accounting feesLn 11c | $14K | $14K | ||
| Investment management feesLn 11f | $10K | $10K | ||
| Advertising and promotionLn 12 | $3K | $3K | ||
| Office expensesLn 13 | $17K | $3K | $7K | $7K |
| OccupancyLn 16 | $4K | $720 | $1K | $1K |
| TravelLn 17 | $75 | $75 | ||
| InsuranceLn 23 | $3K | $3K | ||
| Other expenses (24a–d)Ln 24 | $7K | $2K | $4K | |
| Total functional expensesLn 25 | $332K | $202K | $78K | $52K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest Viewing | $472K | $332K | $140K | $1.9M | 990 PDF |
| FY2024 | $370K | $388K | −$18K | $1.7M | 990 PDF |
| FY2023 | $344K | $469K | −$125K | $1.5M | 990 PDF |
| FY2022 | $406K | $257K | $149K | $1.5M | 990 PDF |
| FY2021 | $346K | $187K | $159K | $1.7M | 990 PDF |
| FY2020 | $279K | $211K | $67K | $1.3M | 990 PDF |
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Schedules filed Part IV
See the full FY2025 990 (6 parts)
Part I · Summary $472,441 revenue, 12 lines filed
Part VI · Governance 19 of 19 board members independent, 2 to look at
Part VIII · Statement of revenue $472,441 across 8 lines filed
Part IX · Statement of functional expenses $332,127 across 12 lines filed
Part X · Balance sheet $1,899,866 assets, 12 lines filed
Part XI · Reconciliation of net assets $1,862,503 net assets at year end
Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File
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