Linn-Mar School Foundation

Tax-deductible

Marion, IA501(c)(3)EIN 42-1267125

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The Linn-Mar School Foundation raises and distributes private funding in support of k-12 classrooms, curriculum, and enrichment programs in the Linn-Mar community School district. They are a proud partner to the district and are dedicated to help support a quality educational experience for all students as we work together to inspire learning, unlock potential, and empower achievement.

501(c)(3) charity; gifts are tax-deductible.
72¢ of each $1 spent went to programs.
Run by 50 volunteers and 2 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $23K a year · 6% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
72%
of spending
Fine: 72% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$52K
to officers and key staff · 13% of spending
Looks good: pay to officers and key staff is 13% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
9 mo
of spending, in cash
Looks good: 8.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
4
named funders · $79K
Looks good: 4 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$2K
0.1% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
21
of 21 voting members
Looks good: 21 of 21 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$357K
-12% vs prior year
Spent
$411K
To programs
72%
Net assets
$1.6M
By yearFY2021–FY2025
Revenue
$357K
FY2025▼ -12%
Revenue by fiscal year
FY2021$358K
FY2022$346K
FY2023$326K
FY2024$405K
FY2025$357K
Expenses
$411K
FY2025▲ +8%
Expenses by fiscal year
FY2021$219K
FY2022$338K
FY2023$328K
FY2024$380K
FY2025$411K
Net assets
$1.6M
FY2025▲ +1%
Net assets by fiscal year
FY2021$1.5M
FY2022$1.4M
FY2023$1.4M
FY2024$1.5M
FY2025$1.6M

From the FY2025 Form 990 (year ending June 2025) · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Nov 1986.

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

Where the money goes

72 cents of each dollar spent went to programs.

Program services 72% · $294K Management & general 28% · $116K Fundraising 0% · $1K

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

22 people listed on the 990; $52K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Executive Dir.
$51,500Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Past-President
$0Pt VII · Sec A

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2025FY2024FY2021
Shelley Schroeder$51,500$49,000—
Michelle Woods——$40,403

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.

See Linn-Mar School 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 15aYes

Programs and updates

Raises and distributes private funds for K-12 classroom needs and enrichment programs.

Provided by the organization

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2 programs · $294K · in their own filed words · FY2024
01

The linn-mar school foundation raises and distributes private funding in support of k-12 classrooms, curriculum and enrichment programs in the linn-mar community school district. They are a proud partner to the district and are dedicated to help support a quality educational experience for all students as we work together to inspire…

$268Kprogram expense
02

The foundation distributes scholarships to students meeting established criteria in the area of achievement and stated educational GOALS.THERE were 26 scholarships distributed to students.

$26Kprogram 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
See all 4 funders →
Grants paid · 9 grants · $470K · 2023–2024
Linn-Mar School DistrictFY2024$208,630
Unitemized GrantFY2024$26,418
Unitemized GrantFY2024$26,150
Unitemized GrantFY2024$3,623
Unitemized GrantFY2024$600
Unitemized GrantFY2024$393
Linn-Mar School DistrictFY2023$176,224
Unitemized GrantFY2023$23,000

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$357K
Ln 12
Gifts and grantsLn 1h$306K
Investment incomeLn 3$57K
Money outPt IX
$411K
Ln 25
Programscol B$294K
Managementcol C$116K
Fundraisingcol D$1K
Owns and owesPt X
$1.6M
net assets · Ln 32
Cash and savingsLn 1–2$300K
Total assetsLn 16$1.6M
LiabilitiesLn 26$2K
PeoplePt VI, VII
22
listed · VII A
PaidVII A1
Voting boardVI 1a21
IndependentVI 1b21
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$306K
Fundraising eventsLn 1c$48K
Investment incomeLn 3$57K
Gains on assetsLn 7$0
Total revenueLn 12$357K
Assets in detailPt X, end of year
CashLn 1$248K
SavingsLn 2$52K
Cash and savings togetherLn 1–2$300K
InvestmentsLn 11–13$1.3M
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$0
Total assetsLn 16$1.6M
LiabilitiesLn 26$2K
Net assetsLn 32$1.6M
OperationsPt I, VI
EmployeesI 52
VolunteersI 650
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 FY25End FY25
Cash and savingsLn 1–2$425K$300K
InvestmentsLn 11–13$1.1M$1.3M
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$1.5M$1.6M
LiabilitiesLn 26$6K$2K
Net assetsLn 32$1.5M$1.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$213K$213K
Grants to domestic individualsLn 2$57K$57K
Grants and assistance to foreign recipientsLn 3$2K$2K
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$40K$40K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$37K$37K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$6K$6K
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$4K$4K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$7K$7K
Other fees for servicesLn 11g$6K$6K
Advertising and promotionLn 12$1K$1K
Office expensesLn 13$6K$1K$4K
Information technologyLn 14$8K$8K
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$3K$3K
Other expenses (24a–d)Ln 24$20K$20K
All other expensesLn 24e$0
Total functional expensesLn 25$411K$294K$116K$1K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $357K$411K−$54K$1.6M 990 PDF
FY2024 $405K$380K$25K$1.5M 990 PDF
FY2023 $326K$328K−$2K$1.4M 990 PDF
FY2022 $346K$338K$7K$1.4M 990 PDF
FY2021 $358K$219K$139K$1.5M 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 FY2025 990 (5 parts)
Part I · Summary $356,876 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $321,164$306,470
I-9 Program service revenue$0
I-10 Investment incomePrior year $37,416$57,153
I-11 Other revenuePrior year $46,632−$6,747
I-12 Total revenuePrior year $405,212$356,876
I-13 Grants and similar amounts paidPrior year $212,205$272,257
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $75,850$83,540
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $91,939$54,801
I-18 Total expensesPrior year $379,994$410,598
I-19 Revenue less expensesPrior year $25,218−$53,722
Part VIII · Statement of revenue $356,876 across 10 lines filed
Lines not itemized here account for $5,146 of total revenue; see the IRS return.
VIII-1c Fundraising events$48,193
VIII-1f All other contributions, gifts and grants$258,277
VIII-1h Total contributions, gifts and grants$306,470
VIII-3 Investment incomeExcluded from tax $57,153$57,153
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising eventsExcluded from tax −$20,000−$20,000
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $8,107$8,107
VIII-12 Total revenueRelated to mission $8,107 · Excluded from tax $42,299$356,876
Part IX · Statement of functional expenses $410,598 across 31 lines filed
IX-1 Grants to domestic organizationsPrograms $213,073$213,073
IX-2 Grants to domestic individualsPrograms $57,184$57,184
IX-3 Grants and assistance to foreign recipientsPrograms $2,000$2,000
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staffManagement $40,500$40,500
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesManagement $37,102$37,102
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxesManagement $5,938$5,938
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting feesManagement $3,623$3,623
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management feesManagement $6,512$6,512
IX-11g Other fees for servicesManagement $6,096$6,096
IX-12 Advertising and promotionFundraising $1,134$1,134
IX-13 Office expensesPrograms $1,231 · Management $4,399$5,630
IX-14 Information technologyManagement $8,470$8,470
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 $2,914$2,914
IX-24 Other expenses (24a–d)Programs $20,422$20,422
IX-24e All other expenses$0
IX-25 Total functional expensesPrograms $293,910 · Management $115,554 · Fundraising $1,134$410,598
Part X · Balance sheet $1,557,397 assets, 19 lines filed
X-1 Cash, non-interest-bearingStart of year $375,300$248,093
X-2 Savings and temporary cash investmentsStart of year $50,000$51,635
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 securitiesStart of year $1,114,500$1,257,669
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 $1,539,800$1,557,397
X-25 Other liabilitiesStart of year $6,154$1,661
X-26 Total liabilitiesStart of year $6,154$1,661
X-27 Net assets without donor restrictionsStart of year $429,804$334,168
X-28 Net assets with donor restrictionsStart of year $1,103,842$1,221,568
X-32 Total net assets or fund balancesStart of year $1,533,646$1,555,736
X-33 Total liabilities and net assetsStart of year $1,539,800$1,557,397
Part XI · Reconciliation of net assets $1,555,736 net assets at year end
XI-1 Total revenue$356,876
XI-2 Total expenses$410,598
XI-3 Revenue less expenses−$53,722
XI-4 Net assets at start of year$1,533,646
XI-5 Net unrealized gains (losses) on investments$75,812
XI-10 Net assets at end of year$1,555,736

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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