Cannon Falls Educational Foundation

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Cannon Falls education Foundation (CFEF) mission is to provide funds to enhance the Educational environment in the Cannon Falls public schools. CFEF supports and promotes excellence in education by providing funding for all types of creative and innovative Educational programs and activities that are above and beyond the programs supported by general education dollars.

Form 990 Part I, line 1, FY2026. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 41-1759564) · Dispute this line
501(c)(3) charity; gifts are tax-deductible.
95¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2026 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2026
latest Form 990
The latest return is for FY2026, this tax year.
IRS e-file · Filing history
Surplus or deficit
4 of 6
filings with a surplus
Average surplus $5K a year · 2% of revenue · last 6 filings
A surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
95%
of spending
95% of spending went to programs.
Pt IX · Ln 25 · col B
0.7 mo
of spending, in cash
Plus $1.7M in investments, Pt X · Ln 11–13
0.7 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $5K
1 funder names it on their filings.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Liabilities are 0% of assets.
Pt X · Ln 26
Independent board members
15
of 15 voting members
15 of 15 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$290K
+64% vs prior year
Spent
$472K
To programs
95%
Net assets
$1.8M
By yearFY2021–FY2026
Revenue
$290K
FY2026▲ +64%
Tap a bar for its year
Revenue by fiscal year
FY2021$125K
FY2022$190K
FY2023$173K
FY2024$180K
FY2025$177K
FY2026$290K
Expenses
$472K
FY2026▲ +213%
Tap a bar for its year
Expenses by fiscal year
FY2021$55K
FY2022$125K
FY2023$184K
FY2024$119K
FY2025$151K
FY2026$472K
Net assets
$1.8M
FY2026▼ -7%
Tap a bar for its year
Net assets by fiscal year
FY2021$1.9M
FY2022$1.6M
FY2023$1.6M
FY2024$1.8M
FY2025$2.0M
FY2026$1.8M

From the FY2026 Form 990 (year ending June 2026) · figures checked against the IRS filing · see the original

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2026. IRS ruling in Sep 1994.

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

Where the money goes

95 cents of each dollar spent went to programs.

Program services 95% · $447K Management & general 5% · $25K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

15 people listed on the 990.

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
See Cannon Falls Educational Foundation executive salaries →

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 innovative educational programs and activities for Cannon Falls area schools.

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1 program · $447K · in their own filed words · FY2025
01

Funding to or for the benefit of Cannon Falls area schools and/or its students of various supplemental education programs / activities and scholarships.

Form 990 Part III, line 4, FY2025. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 41-1759564) · Dispute this line
$447Kprogram 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 · FY2021
Total grants receivedfrom 1 funder$5K
Grants paid · 6 grants · $959K · 2020–2025
Cannon Falls School DistrictFY2025$442,842
Cannon Falls School DistrictFY2024$123,038
Cannon Falls School DistrictFY2023$94,731
Cannon Falls School DistrictFY2022$159,092
Cannon Falls School DistrictFY2021$101,052
Cannon Falls School DistrictFY2020$38,544

By the numbers

The FY2026 990, line by line.

1The main four
Money inPt VIII
$290K
Ln 12
Investment incomeLn 3$172K
Other incomeLn 4–11$89K
Gifts and grantsLn 1h$28K
Money outPt IX
$472K
Ln 25
Programscol B$447K
Managementcol C$25K
Owns and owesPt X
$1.8M
net assets · Ln 32
Cash and savingsLn 1–2$26K
Total assetsLn 16$1.8M
LiabilitiesLn 26$0
PeoplePt VI, VII
15
listed · VII A
PaidVII A0
Voting boardVI 1a15
IndependentVI 1b15
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$28K
Investment incomeLn 3$172K
Other incomeLn 4–11$89K
Gains on assetsLn 7$50K
Total revenueLn 12$290K
Assets in detailPt X, end of year
CashLn 1$20K
SavingsLn 2$6K
Cash and savings togetherLn 1–2$26K
InvestmentsLn 11–13$1.7M
Other assetsLn 15$79K
Total assetsLn 16$1.8M
LiabilitiesLn 26$0
Net assetsLn 32$1.8M
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3More from this return
Investment feesPt IX, Sch D
Investment fees, as reportedPt IX 11f$18K
Share of the $1.6M endowmentSch D 1g1.1%
Typical, median of 2,202 orgs0.44%
EndowmentSch D · Pt V
LineFY26FY25FY24FY23FY22
End of yearLn 1g$1.6M$1.5M$1.5M$1.4M$1.4M
AddedLn 1b$22K$16K$22K$15K$19K
SpentLn 1d–1f$93K$87K$77K$73K$89K
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY26End FY26
Cash and savingsLn 1–2$14K$26K
InvestmentsLn 11–13$1.9M$1.7M
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$2.0M$1.8M
LiabilitiesLn 26$0$0
Net assetsLn 32$2.0M$1.8M
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$443K$443K
Grants to domestic individualsLn 2$4K$4K
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of officers and key staff (Part IX, line 5)Ln 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$0
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$0
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$6K$6K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$18K$18K
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$0
Office expensesLn 13$514$514
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$0
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$0
Other expenses (24a–d)Ln 24$930$930
All other expensesLn 24e$0
Total functional expensesLn 25$472K$447K$25K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2026 Latest ViewingFiled with the IRS Jul 27, 2026 $290K$472K−$183K$1.8M 990 PDF
FY2025Filed with the IRS Dec 16, 2025 $177K$151K$26K$2.0M 990 PDF
FY2024Filed with the IRS Jul 30, 2024 $180K$119K$61K$1.8M 990 PDF
FY2023Filed with the IRS Aug 23, 2023 $173K$184K−$12K$1.6M 990 PDF
FY2022Filed with the IRS Aug 22, 2022 $190K$125K$65K$1.6M 990 PDF
FY2021Filed with the IRS Aug 12, 2021 $125K$55K$70K$1.9M 990 PDF

Schedules filed Part IV

A · Public support D · Assets and endowments G · Fundraising I · Grants O · Explanations
See the full FY2026 990
Part I · Summary $289,532 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $20,122$28,331
I-9 Program service revenue$0
I-10 Investment incomePrior year $119,301$222,937
I-11 Other revenuePrior year $37,323$38,264
I-12 Total revenuePrior year $176,746$289,532
I-13 Grants and similar amounts paidPrior year $127,038$446,842
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $23,911$25,205
I-18 Total expensesPrior year $150,949$472,047
I-19 Revenue less expensesPrior year $25,797−$182,515
Part VI · Governance 15 of 15 board members independent, 3 to look at
VI-1a Voting members of the governing body15
VI-1b Independent voting members15
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 $289,532 across 8 lines filed
VIII-1f All other contributions, gifts and grants$28,331
VIII-1h Total contributions, gifts and grants$28,331
VIII-3 Investment incomeRelated to mission $172,457$172,457
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assetsRelated to mission $50,480$50,480
VIII-8 Net income from fundraising events$38,264
VIII-12 Total revenueRelated to mission $222,937$289,532
Part IX · Statement of functional expenses $472,047 across 31 lines filed
IX-1 Grants to domestic organizationsPrograms $442,842$442,842
IX-2 Grants to domestic individualsPrograms $4,000$4,000
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of officers and key staff (Part IX, line 5)$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$0
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxes$0
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting feesManagement $5,730$5,730
IX-11d Lobbying fees$0
IX-11f Investment management feesManagement $18,031$18,031
IX-12 Advertising and promotion$0
IX-13 Office expensesManagement $514$514
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 Occupancy$0
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 Insurance$0
IX-24 Other expenses (24a–d)Management $930$930
IX-24e All other expenses$0
IX-25 Total functional expensesPrograms $446,842 · Management $25,205 · Fundraising $0$472,047
Part X · Balance sheet $1,832,801 assets, 21 lines filed
X-1 Cash, non-interest-bearingStart of year $7,505$19,919
X-2 Savings and temporary cash investmentsStart of year $6,014$6,030
X-3 Pledges and grants receivable$0
X-4 Accounts receivable$0
X-5 Loans to officers and key people$0
X-6 Loans to other insiders$0
X-7 Notes and loans receivable$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred charges$0
X-10c Land, buildings and equipment, net$0
X-11 Publicly traded securitiesStart of year $1,869,384$1,727,500
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assetsStart of year $78,564$79,352
X-16 Total assetsStart of year $1,961,467$1,832,801
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $450,684$203,358
X-28 Net assets with donor restrictionsStart of year $1,510,783$1,629,443
X-32 Total net assets or fund balancesStart of year $1,961,467$1,832,801
X-33 Total liabilities and net assetsStart of year $1,961,467$1,832,801
Part XI · Reconciliation of net assets $1,832,801 net assets at year end
XI-1 Total revenue$289,532
XI-2 Total expenses$472,047
XI-3 Revenue less expenses−$182,515
XI-4 Net assets at start of year$1,961,467
XI-5 Net unrealized gains (losses) on investments$53,849
XI-10 Net assets at end of year$1,832,801

Form 990 e-file FY2026 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File

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