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Shakopee Educational Endowment Foundation

Tax-deductible

Shakopee, MN501(c)(3)UnclassifiedEIN 41-1666454

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Provide Educational grants and scholarships to schools

501(c)(3) charity; gifts are tax-deductible.
84¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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
2 of 5
filings with a surplus
Average surplus $10K a year · 18% of revenue · last 5 filings
Worth a look: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
84%
of spending
Looks good: 84% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
18 mo
of spending, in cash
Looks good: 18.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $15K
Fine: 2 funders name 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
12
of 12 voting members
Looks good: 12 of 12 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$34K
-17% vs prior year
Spent
$36K
To programs
84%
Net assets
$557K
By yearFY2020–FY2024
Revenue
$34K
FY2024▼ -17%
Revenue by fiscal year
FY2020$80K
FY2021$75K
FY2022$42K
FY2023$41K
FY2024$34K
Expenses
$36K
FY2024▼ -18%
Expenses by fiscal year
FY2020$50K
FY2021$42K
FY2022$49K
FY2023$45K
FY2024$36K
Net assets
$557K
FY2024▲ +5%
Net assets by fiscal year
FY2020$480K
FY2021$562K
FY2022$506K
FY2023$531K
FY2024$557K

From the FY2024 Form 990 · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jul 1991.

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

Where the money goes

84 cents of each dollar spent went to programs.

Program services 84% · $31K Management & general 16% · $6K

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

12 people listed on the 990.

Part VII, Section A · reportable compensation
Joann Block
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Kathy McKay
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Shakopee Educational Endowment Foundation 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

Funds schools with educational grants and scholarships.

Provided by the organization

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1 program · $31K · in their own filed words · FY2024
01

Provide educational grants and scholarships to specific schools

$31Kprogram 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
Saint Paul & Minnesota FoundationFY2024$15K
Rsc Foundation INCFY2024$200
Total grants receivedfrom 2 funders$15K
Grants paid · 2 grants · $43K · 2020–2020
Shakopee SchoolsFY2020$29,491
St Paul FoundationFY2020$13,977

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$34K
Ln 12
Gifts and grantsLn 1h$24K
Investment incomeLn 3$11K
Money outPt IX
$36K
Ln 25
Programscol B$31K
Managementcol C$6K
Owns and owesPt X
$557K
net assets · Ln 32
Cash and savingsLn 1–2$56K
Total assetsLn 16$557K
LiabilitiesLn 26$0
PeoplePt VI, VII
12
listed · VII A
PaidVII A0
Voting boardVI 1a12
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$24K
Investment incomeLn 3$11K
Gains on assetsLn 7$2K
Total revenueLn 12$34K
Assets in detailPt X, end of year
CashLn 1$56K
Cash and savings togetherLn 1–2$56K
InvestmentsLn 11–13$501K
Total assetsLn 16$557K
LiabilitiesLn 26$0
Net assetsLn 32$557K
OperationsPt I, VI
EmployeesI 50
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$50K$56K
InvestmentsLn 11–13$481K$501K
Total assetsLn 16$531K$557K
LiabilitiesLn 26$0$0
Net assetsLn 32$531K$557K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$745$745
Investment management feesLn 11f$4K$4K
Office expensesLn 13$1K$1K
Other expenses (24a–d)Ln 24$31K$31K$50
Total functional expensesLn 25$36K$31K$6K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $34K$36K−$2K$557K 990 PDF
FY2023 $41K$45K−$3K$531K 990 PDF
FY2022 $42K$49K−$8K$506K 990 PDF
FY2021 $75K$42K$32K$562K 990 PDF
FY2020 $80K$50K$30K$480K 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 (4 parts)
Part VIII · Statement of revenue $34,232 across 5 lines filed
VIII-1f All other contributions, gifts and grants$23,704
VIII-1h Total contributions, gifts and grants$23,704
VIII-3 Investment incomeRelated to mission $8,707$8,707
VIII-7 Net gain or loss on sales of assetsRelated to mission $1,821$1,821
VIII-12 Total revenueRelated to mission $10,528$34,232
Part IX · Statement of functional expenses $36,469 across 4 lines filed
IX-11c Accounting feesManagement $745$745
IX-11f Investment management feesManagement $3,778$3,778
IX-13 Office expensesManagement $1,321$1,321
IX-24 Other expenses (24a–d)Programs $30,575 · Management $50$30,625
IX-25 Total functional expensesPrograms $30,575 · Management $5,894 · Fundraising $0$36,469
Part X · Balance sheet $556,546 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $49,899$56,022
X-11 Publicly traded securitiesStart of year $480,742$500,524
X-16 Total assetsStart of year $530,641$556,546
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $530,641$556,546
X-32 Total net assets or fund balancesStart of year $530,641$556,546
X-33 Total liabilities and net assetsStart of year $530,641$556,546
Part XI · Reconciliation of net assets $556,546 net assets at year end
XI-1 Total revenue$34,232
XI-2 Total expenses$36,469
XI-3 Revenue less expenses−$2,237
XI-4 Net assets at start of year$530,641
XI-9 Other changes in net assets$28,142
XI-10 Net assets at end of year$556,546

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

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