Farnsworth School Organization INC EIN 45-3744821

Farnsworth School Organization INC

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Supports students' academic and enrichment activities through financial and volunteer help. For fiscal year 2025 it reported $230K in revenue, $218K in expenses, and $438K in net assets.Pt I

Type
Public charity (501(c)(3)) · Education
Location
Saint Paul, MN
Filings
5 on file (2021–2025)
Revenue
$230KFY2025
Expenses
$218K
Net assets
$438K
People
4
Filings
5
Updates
0
More identity details & actions ⌄
EIN  45-3744821 Public charity (501(c)(3)) Saint Paul, MN
Form 990 (PDF)
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Size
$100K–1M
What they do
Supports students' academic and enrichment activities through financial and volunteer help.
Leadership
Kate Makosky · Co-Chair
Money in and out
$230K revenue, $218K expenses
Bottom line
99% program efficiency
Where the money goes · FY2025
Total revenue
$230K
Pt VIII · Ln 12
Total expenses
$218K
Pt IX · Ln 25
Net assets
$438K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $12K
Where spending went · Part IX cols B–D
Program services $0.99 Management & general $0.01
Program efficiency
99%
of spending reaches programs+0.2% vs prior filing year
Operating runway
24.0mo
months of highly liquid reserves at operating expense rate▼ -16% vs prior filing year
Surplus margin
+5%
revenue over expenses, this year▲ +163% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$230K
FY2025▲ +39%
Expenses
$218K
FY2025▲ +22%
Total assets
$438K
FY2025▲ +3%
Total liabilities
$0
FY2025
Total revenue
$230K
Pt VIII · Ln 12
Total expenses
$218K
Pt IX · Ln 25
Net assets
$438K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$12K
Total assetsPt X · Ln 16$438K
Program-expense ratioPt IX · col B99%
Voting members of governing bodyPt I · Ln 34
Independent voting membersPt I · Ln 44
Mission & Programs · Part III

Where the work happens

3 program services account for $217K of program spending, described in the organization's own filed words · FY2024.
01

The aerospace program is designed to promote science, technology, engineering, aerospace, and math for all students, families, staff, and school community. The aerospace program includes, but is not limited to, field trips, extended day field trips, space day, educational camps, AEROSPACE/STEM family nights, and guest and professional…

$176Kprogram expense
02

The community development program is designed to enhance the collaborative learning community with farnsworth aerospace magnet school. These opportunities enhance the farnsworth identity, encourage leadership development, and involve key community partnerships.

$34Kprogram expense
03

The academic enrichment program is designed to encourage learning participation, enhance knowledge, and recognize students, staff, teachers, and volunteer efforts. Financial support and volunteers provide optimal assistance to run these programs.

$7Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CFarnsworth School Organization INC
EINHdr · item D45-3744821
Principal addressHdr · item CSaint Paul, MN
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MMN
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B94)
Ruling yearIRS BMFMar 2012

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a4
Independent voting membersPt VI · Ln 1b4
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Co-Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
Co-Treasurer
$0Pt VII · Sec A
Co-Treasurer
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Contributions & grants$213K · 93%
Program service revenue$17K · 7%
Contributions & grants93%$213K
Program service revenue7%$17K
Total revenueLn 12$230K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.99 Management & general $0.01
Program services99%$217K
Management & general1%$2K
Total functional expensesLn 25$218K

Balance Sheet

Part X · end of year
CashLn 1$438K
Total assetsLn 16$438K
Total liabilitiesLn 26$0
Total net assetsLn 32$438K
Months of cash on handcomputed24.0

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $438K · Operating expenses/yr $218K
24.0 months
Where the money goes
Program services
Program services $217K · Total expenses $218K
99%
Management & General
Management & general $2K · Total expenses $218K
0.7%
Fundraising
Fundraising $0 · Total expenses $218K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $2K · Solicited contributions (3-yr avg) $202K
$0.01 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $213K · Total revenue $230K
93%
Government reliance
Government grants — · Total revenue $230K
Earned-income share
Program service revenue $17K · Total revenue $230K
7%
Investment reliance
Investment income $0 · Total revenue $230K
0%
Program self-sufficiency
Program service revenue $17K · Total expenses $218K
8%
Growth & trend
Revenue growth (YoY)
This year $230K · Prior year $166K
+39%
Revenue CAGR
FY2020 $502K · FY2024 $230K
-18%
Net-asset trend (YoY)
End of year $438K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $230K · Expenses $218K
+5%
Liabilities-to-Assets
Total liabilities — · Total assets $438K
Net-asset ratio
Net assets $438K · Total assets $438K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $438K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Kate Makosky · Reported title CO-CHAIR · Highest reported compensation $0 · Total expenses $218K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $218K
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 99%
Overhead ratio 0.7%
Fundraising cost ratio 0%
Revenue growth 39%
Accounting fee ratio 0.7%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$6K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$230K revenue · viewing · ⤓ 990 PDF
FY2024$166K revenue · ⤓ 990 PDF
FY2023$257K revenue · ⤓ 990 PDF
FY2022$20K revenue · ⤓ 990 PDF
FY2021$502K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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