Cannon Falls Educational Foundation FY2021 filing

Tax-deductible

Cannon Falls, MN501(c)(3)Since 1993EIN 41-1759564Revenue $125K in FY2021

On file with the IRScannonfallsschools.com/community820 Minnesota St E, 55009-2225 · Cannon Falls, MNTax-exempt since Sep 1994Supporting organization — 509(a)(3)

This page gets seen. Tell your story. Claim this org.

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.

501(c)(3) charity; gifts are tax-deductible.
70¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · 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
FY2026
latest Form 990
Looks good: the latest return is for FY2026, this tax year; within 2 tax years.
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
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
70%
of spending
Fine: 70% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Cash reserves
1 mo
of spending, in cash
Fine: 1.4 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $5K
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
19
of 19 voting members
Looks good: 19 of 19 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$125K
Spent
$55K
To programs
70%
Net assets
$1.9M
By yearFY2021–FY2026
Revenue
$125K
FY2021
Tap a bar for its year
Revenue by fiscal year
FY2021$125K
FY2022$190K
FY2023$173K
FY2024$180K
FY2025$177K
FY2026$290K
Expenses
$55K
FY2021
Tap a bar for its year
Expenses by fiscal year
FY2021$55K
FY2022$125K
FY2023$184K
FY2024$119K
FY2025$151K
FY2026$472K
Net assets
$1.9M
FY2021
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 FY2021 Form 990 (year ending June 2021) · see the original

Give Claim
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2026) →

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

70 cents of each dollar spent went to programs.

Program services 70% · $39K Management & general 30% · $17K

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

Something off? The org can add a note here. Claim this org to fix it.

Who runs it and what they're paid

19 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
See Cannon Falls Educational Foundation executive salaries →

Are you one of these people? Claim this org to confirm your role

Something off? The org can add a note here. Claim this org to fix it.

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.

Questions for Cannon Falls Educational Foundation

Tap to ask. Cannon Falls Educational Foundation sees how many people are interested.

Your first name shows with your question. Cannon Falls Educational Foundation answers here, for everyone.

Provided by the organization

Know this organization? Claim it to add your story

1 program · $39K · in their own filed words · FY2020
01

Funding to cannon falls area schools of various supplemental education programs and activities.

$39Kprogram 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 FY2021 990, line by line.

1The main four
Money inPt VIII
$125K
Ln 12
Investment incomeLn 3$85K
Gifts and grantsLn 1h$33K
Other incomeLn 4–11$7K
Money outPt IX
$55K
Ln 25
Programscol B$39K
Managementcol C$17K
Owns and owesPt X
$1.9M
net assets · Ln 32
Cash and savingsLn 1–2$6K
Total assetsLn 16$1.9M
LiabilitiesLn 26$0
PeoplePt VI, VII
19
listed · VII A
PaidVII A0
Voting boardVI 1a19
IndependentVI 1b19
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$33K
Noncash giftsLn 1g$10K
Investment incomeLn 3$85K
Other incomeLn 4–11$7K
Gains on assetsLn 7$28K
Total revenueLn 12$125K
Assets in detailPt X, end of year
CashLn 1$403
SavingsLn 2$6K
Cash and savings togetherLn 1–2$6K
InvestmentsLn 11–13$1.8M
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$77K
Total assetsLn 16$1.9M
LiabilitiesLn 26$0
Net assetsLn 32$1.9M
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$18K$6K
InvestmentsLn 11–13$1.3M$1.8M
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$1.4M$1.9M
LiabilitiesLn 26$50$0
Net assetsLn 32$1.4M$1.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$39K$39K
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 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$2K$2K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$14K$14K
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$0
Office expensesLn 13$0
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$173$173
Other expenses (24a–d)Ln 24$251$251
All other expensesLn 24e$0
Total functional expensesLn 25$55K$39K$17K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2026 Latest $290K$472K−$183K$1.8M 990 PDF
FY2025 $177K$151K$26K$2.0M 990 PDF
FY2024 $180K$119K$61K$1.8M 990 PDF
FY2023 $173K$184K−$12K$1.6M 990 PDF
FY2022 $190K$125K$65K$1.6M 990 PDF
FY2021 Viewing $125K$55K$70K$1.9M 990 PDF

Want to add your own materials alongside these filings? Claim this org

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 FY2021 990 (6 parts)
Part I · Summary $124,911 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $33,746$32,732
I-9 Program service revenue$0
I-10 Investment incomePrior year $53,920$85,030
I-11 Other revenuePrior year $33$7,149
I-12 Total revenuePrior year $87,699$124,911
I-13 Grants and similar amounts paidPrior year $85,447$38,544
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $14,633$16,556
I-18 Total expensesPrior year $100,080$55,100
I-19 Revenue less expensesPrior year −$12,381$69,811
Part VI · Governance 19 of 19 board members independent, 3 to look at
VI-1a Voting members of the governing body19
VI-1b Independent voting members19
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 $124,911 across 9 lines filed
VIII-1f All other contributions, gifts and grants$32,732
VIII-1g Noncash contributions (included above)$10,130
VIII-1h Total contributions, gifts and grants$32,732
VIII-3 Investment incomeRelated to mission $56,682$56,682
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assetsRelated to mission $28,348$28,348
VIII-8 Net income from fundraising events$7,149
VIII-12 Total revenueRelated to mission $85,030$124,911
Part IX · Statement of functional expenses $55,100 across 31 lines filed
IX-1 Grants to domestic organizationsPrograms $38,544$38,544
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$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 $2,244$2,244
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management feesManagement $13,888$13,888
IX-11g Other fees for services$0
IX-12 Advertising and promotion$0
IX-13 Office expenses$0
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 InsuranceManagement $173$173
IX-24 Other expenses (24a–d)Management $251$251
IX-24e All other expenses$0
IX-25 Total functional expensesPrograms $38,544 · Management $16,556 · Fundraising $0$55,100
Part X · Balance sheet $1,893,711 assets, 18 lines filed
X-1 Cash, non-interest-bearingStart of year $10,953$403
X-2 Savings and temporary cash investmentsStart of year $6,946$5,949
X-3 Pledges and grants receivable$0
X-4 Accounts receivable$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred charges$40
X-10c Land, buildings and equipment, net$0
X-11 Publicly traded securitiesStart of year $1,258,277$1,810,551
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assetsStart of year $101,721$76,768
X-16 Total assetsStart of year $1,377,897$1,893,711
X-26 Total liabilitiesStart of year $50$0
X-27 Net assets without donor restrictionsStart of year $22,834$523,496
X-28 Net assets with donor restrictionsStart of year $1,355,013$1,370,215
X-32 Total net assets or fund balancesStart of year $1,377,847$1,893,711
X-33 Total liabilities and net assetsStart of year $1,377,897$1,893,711
Part XI · Reconciliation of net assets $1,893,711 net assets at year end
XI-1 Total revenue$124,911
XI-2 Total expenses$55,100
XI-3 Revenue less expenses$69,811
XI-4 Net assets at start of year$1,377,847
XI-5 Net unrealized gains (losses) on investments$446,053
XI-10 Net assets at end of year$1,893,711

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.