To enhance the quality of education in Isd 88 while creating partnerships between our schools, our communities and alumni.

501(c)(3) charity; gifts are tax-deductible.
46¢ of each $1 spent went to programs.
Run by 10 volunteers and 1 employee.
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
5 of 6
filings with a surplus
Average surplus $28K a year · 36% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
46%
of spending
Concern: 46% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$20K
to officers and key staff · 33% of spending
Concern: pay to officers and key staff is 33% of spending; over 30%.
Pt VII · Sec A
10 mo
of spending, in cash
Plus $642K in investments, Pt X · Ln 11–13
Looks good: 10.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $39
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$4K
0.5% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
10
of 10 voting members
Looks good: 10 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$98K
+14% vs prior year
Spent
$61K
To programs
46%
Net assets
$695K
By yearFY2020–FY2025
Revenue
$98K
FY2025▲ +14%
Tap a bar for its year
Revenue by fiscal year
FY2020$50K
FY2021$73K
FY2022$70K
FY2023$79K
FY2024$86K
FY2025$98K
Expenses
$61K
FY2025▲ +30%
Tap a bar for its year
Expenses by fiscal year
FY2020$57K
FY2021$47K
FY2022$38K
FY2023$42K
FY2024$47K
FY2025$61K
Net assets
$695K
FY2025▲ +13%
Tap a bar for its year
Net assets by fiscal year
FY2020$501K
FY2021$556K
FY2022$502K
FY2023$580K
FY2024$615K
FY2025$695K

From the FY2025 Form 990 · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Feb 2014.

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

Where the money goes

46 cents of each dollar spent went to programs.

Program services 46% · $28K Management & general 20% · $12K Fundraising 34% · $21K

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

12 people listed on the 990; $20K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Di
$20,148Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Stephanie Kircher’s $20K as Executive Di is at the 60th percentile of top reported officer pay among 146 <$100K education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

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

NameFY2025FY2021
Joan Ristuccia—$21,340
Stephanie Kircher$20,148—

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 Isd 88 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 15aYes

Programs and updates

Improves education in ISD 88 by connecting schools, communities, and alumni.

Questions for Isd 88 Foundation INC

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Your first name shows with your question. Isd 88 Foundation INC answers here, for everyone.

Provided by the organization

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1 program · $28K · in their own filed words · FY2025
01

During 2025, the isd 88 foundation continued to expand on their granting process to give funds to the new ulm public schools for educational enhancements. The foundation was able to fund four projects in 2025. The first was middle school microscopes.

$28Kprogram 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 · FY2023
Total grants receivedfrom 1 funder$39
Grants paid · 6 grants · $86K · 2020–2025
Independent School District 88FY2025$20,225
Independent School District 88FY2024$19,674
Independent School District 88FY2023$10,000
Independent School District 88FY2022$9,000
Independent School District 88FY2021$10,500
Independent School District 88FY2020$16,718

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$98K
Ln 12
Gifts and grantsLn 1h$78K
Investment incomeLn 3$29K
Money outPt IX
$61K
Ln 25
Programscol B$28K
Managementcol C$12K
Fundraisingcol D$21K
Owns and owesPt X
$695K
net assets · Ln 32
Cash and savingsLn 1–2$53K
Total assetsLn 16$699K
LiabilitiesLn 26$4K
PeoplePt VI, VII
12
listed · VII A
PaidVII A1
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$78K
Fundraising eventsLn 1c$52K
Investment incomeLn 3$29K
Gains on assetsLn 7$11K
Total revenueLn 12$98K
Assets in detailPt X, end of year
CashLn 1$24K
SavingsLn 2$29K
Cash and savings togetherLn 1–2$53K
InvestmentsLn 11–13$642K
Total assetsLn 16$699K
LiabilitiesLn 26$4K
Net assetsLn 32$695K
OperationsPt I, VI
EmployeesI 51
VolunteersI 610
Fiscal year endsHeaderDecember
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$52K$53K
InvestmentsLn 11–13$566K$642K
Total assetsLn 16$619K$699K
LiabilitiesLn 26$4K$4K
Net assetsLn 32$615K$695K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$20K$20K
Pay of current officers, directors and key staffLn 5$20K$3K$7K$10K
Other employee benefitsLn 9$410$61$144$205
Payroll taxesLn 10$3K$438$1K$1K
Accounting feesLn 11c$6K$961$2K$3K
Advertising and promotionLn 12$280$280
Office expensesLn 13$4K$172$174$4K
Information technologyLn 14$2K$706$706$1K
InsuranceLn 23$1K$425$424$424
Other expenses (24a–d)Ln 24$2K$2K$497$289
All other expensesLn 24e$305$187$59$59
Total functional expensesLn 25$61K$28K$12K$21K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $98K$61K$37K$695K 990 PDF
FY2024 $86K$47K$39K$615K 990 PDF
FY2023 $79K$42K$38K$580K 990 PDF
FY2022 $70K$38K$32K$502K 990 PDF
FY2021 $73K$47K$26K$556K 990 PDF
FY2020 $50K$57K−$7K$501K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $98,198 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $67,535$78,043
I-9 Program service revenue$0
I-10 Investment incomePrior year $26,540$29,281
I-11 Other revenuePrior year −$8,243−$9,126
I-12 Total revenuePrior year $85,832$98,198
I-13 Grants and similar amounts paidPrior year $19,674$20,225
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $13,450$23,481
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $13,563$17,100
I-18 Total expensesPrior year $46,687$60,806
I-19 Revenue less expensesPrior year $39,145$37,392
Part VI · Governance 10 of 10 board members independent, 2 to look at
VI-1a Voting members of the governing body10
VI-1b Independent voting members10
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $98,198 across 7 lines filed
VIII-1c Fundraising events$51,530
VIII-1f All other contributions, gifts and grants$26,513
VIII-1h Total contributions, gifts and grants$78,043
VIII-3 Investment incomeExcluded from tax $18,723$18,723
VIII-7 Net gain or loss on sales of assetsExcluded from tax $10,558$10,558
VIII-8 Net income from fundraising eventsExcluded from tax −$9,126−$9,126
VIII-12 Total revenueExcluded from tax $20,155$98,198
Part IX · Statement of functional expenses $60,806 across 11 lines filed
IX-1 Grants to domestic organizationsPrograms $20,225$20,225
IX-5 Pay of current officers, directors and key staffPrograms $3,022 · Management $7,052 · Fundraising $10,074$20,148
IX-9 Other employee benefitsPrograms $61 · Management $144 · Fundraising $205$410
IX-10 Payroll taxesPrograms $438 · Management $1,023 · Fundraising $1,462$2,923
IX-11c Accounting feesPrograms $961 · Management $2,243 · Fundraising $3,204$6,408
IX-12 Advertising and promotionFundraising $280$280
IX-13 Office expensesPrograms $172 · Management $174 · Fundraising $3,597$3,943
IX-14 Information technologyPrograms $706 · Management $706 · Fundraising $1,084$2,496
IX-23 InsurancePrograms $425 · Management $424 · Fundraising $424$1,273
IX-24 Other expenses (24a–d)Programs $1,609 · Management $497 · Fundraising $289$2,395
IX-24e All other expensesPrograms $187 · Management $59 · Fundraising $59$305
IX-25 Total functional expensesPrograms $27,806 · Management $12,322 · Fundraising $20,678$60,806
Part X · Balance sheet $698,832 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $22,676$23,682
X-2 Savings and temporary cash investmentsStart of year $29,310$29,449
X-4 Accounts receivableStart of year $500$3,800
X-13 Program-related investmentsStart of year $566,487$641,901
X-16 Total assetsStart of year $618,973$698,832
X-26 Total liabilitiesStart of year $3,558$3,728
X-27 Net assets without donor restrictionsStart of year $106,928$107,328
X-28 Net assets with donor restrictionsStart of year $508,487$587,776
X-32 Total net assets or fund balancesStart of year $615,415$695,104
X-33 Total liabilities and net assetsStart of year $618,973$698,832
Part XI · Reconciliation of net assets $695,104 net assets at year end
XI-1 Total revenue$98,198
XI-2 Total expenses$60,806
XI-3 Revenue less expenses$37,392
XI-4 Net assets at start of year$615,415
XI-5 Net unrealized gains (losses) on investments$43,780
XI-7 Investment expenses−$1,483
XI-10 Net assets at end of year$695,104

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

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