Esko Educational Foundation INC FY2020 filing

Tax-deductible

Esko, MN501(c)(3)EducationEIN 41-1789095Revenue $91K in FY2020

On file with the IRSPo Box 27, 55733-0027 · Esko, MNTax-exempt since Mar 1995Publicly supported charity — 170(b)(1)(A)(vi)

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Promote advancement of quality education for the students of the Esko public schools by granting scholarships to area students based on specific criteria.

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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FY2020 · 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
5 of 5
filings with a surplus
Average surplus $103K a year · 63% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
115 mo
of spending, in cash
Looks good: 114.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $2K
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
0
of 10 voting members
Concern: none of 10 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$91K
Spent
$60K
To programs
100%
Net assets
$570K
By yearFY2020–FY2024
Revenue
$91K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$91K
FY2021$99K
FY2022$418K
FY2023$99K
FY2024$112K
Expenses
$60K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$60K
FY2021$65K
FY2022$56K
FY2023$58K
FY2024$63K
Net assets
$570K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$570K
FY2021$611K
FY2022$835K
FY2023$931K
FY2024$1.0M

From the FY2020 Form 990 · see the original

990 PDF Claim
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Mar 1995.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $60K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

10 people listed on the 990.

Part VII, Section A · reportable compensation
Scholarships
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
School Board Li
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
See Esko Educational Foundation INC 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

Grants scholarships to Esko Public Schools students based on specific criteria.

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Provided by the organization

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2 programs · $60K · in their own filed words · FY2020
01

Enchanced educational opportunities for worthy students by providing scholarships to eligible students based on criteria such as gpa, class difficultym school activities, community involvement, and financial need.

$58Kprogram expense
02

Administration expenses incurred in the granting of scholarships at area students.

$2Kprogram 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 · FY2025
Total grants receivedfrom 1 funder$2K
Grants paid · 5 grants · $292K · 2020–2024
Unitemized GrantFY2024$61,750
Unitemized GrantFY2023$55,500
Unitemized GrantFY2022$54,115
Unitemized GrantFY2021$62,900
Unitemized GrantFY2020$58,106

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$91K
Ln 12
Gifts and grantsLn 1h$48K
Investment incomeLn 3$43K
Other incomeLn 4–11$20
Money outPt IX
$60K
Ln 25
Programscol B$60K
Owns and owesPt X
$570K
net assets · Ln 32
Cash and savingsLn 1–2$570K
Total assetsLn 16$570K
LiabilitiesLn 26$0
PeoplePt VI, VII
10
listed · VII A
PaidVII A0
Voting boardVI 1a10
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$48K
Investment incomeLn 3$43K
Other incomeLn 4–11$20
Gains on assetsLn 7$25K
Total revenueLn 12$91K
Assets in detailPt X, end of year
CashLn 1$8K
SavingsLn 2$561K
Cash and savings togetherLn 1–2$570K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$0
Total assetsLn 16$570K
LiabilitiesLn 26$0
Net assetsLn 32$570K
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 FY20End FY20
Cash and savingsLn 1–2$519K$570K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$519K$570K
LiabilitiesLn 26$0$0
Net assetsLn 32$519K$570K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$58K$58K
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$1K$1K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
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$355$355
Other expenses (24a–d)Ln 24$161$161
All other expensesLn 24e$0
Total functional expensesLn 25$60K$60K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $112K$63K$49K$1.0M 990 PDF
FY2023 $99K$58K$41K$931K 990 PDF
FY2022 $418K$56K$362K$835K 990 PDF
FY2021 $99K$65K$34K$611K 990 PDF
FY2020 Viewing $91K$60K$31K$570K 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 FY2020 990 (6 parts)
Part I · Summary $90,730 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $30,754$48,162
I-9 Program service revenue$0
I-10 Investment incomePrior year $48,984$42,548
I-11 Other revenuePrior year $4,631$20
I-12 Total revenuePrior year $84,369$90,730
I-13 Grants and similar amounts paidPrior year $60,550$58,106
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $4,774$1,516
I-18 Total expensesPrior year $65,324$59,622
I-19 Revenue less expensesPrior year $19,045$31,108
Part VI · Governance 0 of 10 board members independent, 4 to look at
VI-1a Voting members of the governing body10
VI-1b Independent voting members0
VI-12a Written conflict of interest policyNo
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
Part VIII · Statement of revenue $90,730 across 8 lines filed
VIII-1f All other contributions, gifts and grants$48,162
VIII-1h Total contributions, gifts and grants$48,162
VIII-3 Investment incomeRelated to mission $17,502$17,502
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assetsRelated to mission $25,046$25,046
VIII-8 Net income from fundraising eventsExcluded from tax $20$20
VIII-12 Total revenueRelated to mission $42,548 · Excluded from tax $20$90,730
Part IX · Statement of functional expenses $59,622 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individualsPrograms $58,106$58,106
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 feesPrograms $1,000$1,000
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
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 InsurancePrograms $355$355
IX-24 Other expenses (24a–d)Programs $161$161
IX-24e All other expenses$0
IX-25 Total functional expensesPrograms $59,622 · Management $0 · Fundraising $0$59,622
Part X · Balance sheet $569,862 assets, 18 lines filed
X-1 Cash, non-interest-bearingStart of year $8,626$8,372
X-2 Savings and temporary cash investmentsStart of year $510,412$561,490
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$0
X-10c Land, buildings and equipment, net$0
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assets$0
X-16 Total assetsStart of year $519,038$569,862
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $29,639$32,398
X-28 Net assets with donor restrictionsStart of year $489,399$537,464
X-32 Total net assets or fund balancesStart of year $519,038$569,862
X-33 Total liabilities and net assetsStart of year $519,038$569,862
Part XI · Reconciliation of net assets $569,862 net assets at year end
XI-1 Total revenue$90,730
XI-2 Total expenses$59,622
XI-3 Revenue less expenses$31,108
XI-4 Net assets at start of year$519,038
XI-5 Net unrealized gains (losses) on investments$22,370
XI-7 Investment expenses−$2,654
XI-10 Net assets at end of year$569,862

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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