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Arrow Education Foundation INC

Tax-deductible

Watertown, SD501(c)(3)EducationEIN 46-0453170Revenue $809K in FY2025

On file with the IRSarroweducationfoundation.com200 9th St Ne, 57201-2863 · Watertown, SDTax-exempt since Nov 1999Supporting organization — 509(a)(3)

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Provide resources to genuinely enhance educational opportunities for students in the watertown, SD school district

501(c)(3) charity; gifts are tax-deductible.
73¢ of each $1 spent went to programs.
Run by 50 volunteers and 3 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
4 of 5
filings with a surplus
Average surplus $231K a year · 38% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
73%
of spending
Fine: 73% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Cash reserves
6 mo
of spending, in cash
Looks good: 5.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $12K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$8K
0.2% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
11
of 11 voting members
Looks good: 11 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$809K
+66% vs prior year
Spent
$354K
To programs
73%
Net assets
$3.7M
By yearFY2021–FY2025
Revenue
$809K
FY2025▲ +66%
Tap a bar for its year
Revenue by fiscal year
FY2021$968K
FY2022$227K
FY2023$524K
FY2024$488K
FY2025$809K
Expenses
$354K
FY2025▲ +4%
Tap a bar for its year
Expenses by fiscal year
FY2021$176K
FY2022$600K
FY2023$392K
FY2024$341K
FY2025$354K
Net assets
$3.7M
FY2025▲ +10%
Tap a bar for its year
Net assets by fiscal year
FY2021$3.3M
FY2022$2.9M
FY2023$3.1M
FY2024$3.4M
FY2025$3.7M

From the FY2025 Form 990 (year ending June 2025) · figures checked against the IRS filing · 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 1999.

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

Where the money goes

73 cents of each dollar spent went to programs.

Program services 73% · $258K Management & general 21% · $76K Fundraising 6% · $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

11 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
$0Pt VII · Sec A
Jackie Lake
Secretary
$0Pt VII · Sec A
Jeff Danielsen
Superintendent
$0Pt VII · Sec A
Kari Lohr
Wsd Board Liason
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Matt Roby
Vice President
$0Pt VII · Sec A
See Arrow Education 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

Enhance educational opportunities for students in Watertown, SD schools.

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Provided by the organization

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2 programs · $258K · in their own filed words · FY2024
01

Grants awarded to WSD educators to enhance educational opportunities for students in the WSD, and scholarships awarded to WHS student graduates for higher education

$205Kprogram expense
02

Printing and postage for watertown high school alumni and friends newsletter. Sent to share WSD, alumni, community and foundation information with alumni and friends of the foundation

$53Kprogram 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
Donor Advised Charitable Giving INCFY2024$12K
Engels Family FoundationFY2024$1K
Total grants receivedfrom 2 funders$12K
Grants paid · 12 grants · $861K · 2020–2024
Watertown School District 144FY2024$91,707
Unitemized GrantFY2024$77,045
Watertown School District 14-4FY2023$104,401
Unitemized GrantFY2023$59,050
Watertown School District 14-4FY2022$193,879
Unitemized GrantFY2022$68,450
Watertown School District 14-4FY2021$89,725
Unitemized GrantFY2021$50,050
Watertown School District 14-4FY2020$32,861
Watertown School District 14-4FY2020$32,861
Unitemized GrantFY2020$30,350
Unitemized GrantFY2020$30,350

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$809K
Ln 12
Fees for servicesLn 2g$448K
Gifts and grantsLn 1h$423K
Investment incomeLn 3$606
Money outPt IX
$354K
Ln 25
Programscol B$258K
Managementcol C$76K
Fundraisingcol D$21K
Owns and owesPt X
$3.7M
net assets · Ln 32
Cash and savingsLn 1–2$164K
Total assetsLn 16$3.7M
LiabilitiesLn 26$8K
PeoplePt VI, VII
11
listed · VII A
PaidVII A0
Voting boardVI 1a11
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$423K
Noncash giftsLn 1g$33K
Fundraising eventsLn 1c$232K
Fees for servicesLn 2g$448K
Investment incomeLn 3$606
Total revenueLn 12$809K
Assets in detailPt X, end of year
CashLn 1$164K
Cash and savings togetherLn 1–2$164K
InvestmentsLn 11–13$3.5M
Total assetsLn 16$3.7M
LiabilitiesLn 26$8K
Net assetsLn 32$3.7M
OperationsPt I, VI
EmployeesI 53
VolunteersI 650
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$125K$164K
InvestmentsLn 11–13$3.3M$3.5M
Total assetsLn 16$3.4M$3.7M
LiabilitiesLn 26$10K$8K
Net assetsLn 32$3.4M$3.7M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$92K$92K
Grants to domestic individualsLn 2$77K$77K
Other salaries and wagesLn 7$4K$2K$2K
Payroll taxesLn 10$294$147$147
Management feesLn 11a$70K$31K$17K$21K
Legal feesLn 11b$4K$4K
Accounting feesLn 11c$7K$7K
Investment management feesLn 11f$34K$34K
Advertising and promotionLn 12$1K$1K$5
Office expensesLn 13$7K$7K
Conferences, conventions and meetingsLn 19$1K$1K$135
InsuranceLn 23$3K$3K
Other expenses (24a–d)Ln 24$55K$53K$2K
Total functional expensesLn 25$354K$258K$76K$21K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $809K$354K$455K$3.7M 990 PDF
FY2024 $488K$341K$147K$3.4M 990 PDF
FY2023 $524K$392K$132K$3.1M 990 PDF
FY2022 $227K$600K−$373K$2.9M 990 PDF
FY2021 $968K$176K$793K$3.3M 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 M · Noncash O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $809,385 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $391,372$423,193
I-9 Program service revenuePrior year $179,467$448,014
I-10 Investment incomePrior year $409$606
I-11 Other revenuePrior year −$83,271−$62,428
I-12 Total revenuePrior year $487,977$809,385
I-13 Grants and similar amounts paidPrior year $163,451$168,752
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $2,246$4,138
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $174,895$181,465
I-18 Total expensesPrior year $340,592$354,355
I-19 Revenue less expensesPrior year $147,385$455,030
Part VI · Governance 11 of 11 board members independent, 2 to look at
VI-1a Voting members of the governing body11
VI-1b Independent voting members11
VI-13 Written whistleblower 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
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $809,385 across 9 lines filed
VIII-1c Fundraising events$231,736
VIII-1f All other contributions, gifts and grants$191,457
VIII-1g Noncash contributions (included above)$32,605
VIII-1h Total contributions, gifts and grants$423,193
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Excluded from tax $448,014$448,014
VIII-3 Investment incomeExcluded from tax $606$606
VIII-8 Net income from fundraising eventsExcluded from tax −$62,429−$62,429
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $1$1
VIII-12 Total revenueRelated to mission $1 · Unrelated business $0 · Excluded from tax $386,191$809,385
Part IX · Statement of functional expenses $354,355 across 13 lines filed
IX-1 Grants to domestic organizationsPrograms $91,707$91,707
IX-2 Grants to domestic individualsPrograms $77,045$77,045
IX-7 Other salaries and wagesPrograms $1,922 · Management $1,922$3,844
IX-10 Payroll taxesPrograms $147 · Management $147$294
IX-11a Management feesPrograms $31,449 · Management $17,471 · Fundraising $20,966$69,886
IX-11b Legal feesManagement $3,542$3,542
IX-11c Accounting feesManagement $6,941$6,941
IX-11f Investment management feesManagement $33,707$33,707
IX-12 Advertising and promotionPrograms $1,135 · Management $5$1,140
IX-13 Office expensesManagement $6,740$6,740
IX-19 Conferences, conventions and meetingsPrograms $1,274 · Management $135$1,409
IX-23 InsuranceManagement $3,113$3,113
IX-24 Other expenses (24a–d)Programs $52,962 · Management $2,025$54,987
IX-25 Total functional expensesPrograms $257,641 · Management $75,748 · Fundraising $20,966$354,355
Part X · Balance sheet $3,697,878 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $124,708$163,853
X-12 Other securitiesStart of year $3,254,092$3,534,025
X-16 Total assetsStart of year $3,378,800$3,697,878
X-19 Deferred revenueStart of year $5,650$4,628
X-26 Total liabilitiesStart of year $9,947$8,369
X-27 Net assets without donor restrictionsStart of year $2,845,353$3,078,066
X-28 Net assets with donor restrictionsStart of year $523,500$611,443
X-32 Total net assets or fund balancesStart of year $3,368,853$3,689,509
X-33 Total liabilities and net assetsStart of year $3,378,800$3,697,878
Part XI · Reconciliation of net assets $3,689,509 net assets at year end
XI-1 Total revenue$809,385
XI-2 Total expenses$354,355
XI-3 Revenue less expenses$455,030
XI-4 Net assets at start of year$3,368,853
XI-5 Net unrealized gains (losses) on investments−$134,374
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$3,689,509

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

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