philanthropy.org | 990 Resource | FAQ Verify yourself
Sign in

Mankato Endowment Association INC

Tax-deductible

Mankato, KS501(c)(3) EIN 48-0697426Revenue $61K in FY2024

On file with the IRS109 N Commercial St, 66956-2206 · Mankato, KSTax-exempt since Mar 1965Supporting organization — 509(a)(3)

Claim this org

(tell your story, add context, and more)

What claiming does How does your 990 look to donors? Take the 10-Question Audit

Scholarships and community help

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

Before you give

FY2024 · 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
1 of 5
filings with a surplus
Average deficit $13K a year · 19% of revenue · last 5 filings
Concern: a surplus in 1 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
130 mo
of spending, in cash
Looks good: 129.5 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
4
of 4 voting members
Looks good: 4 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$61K
+6% vs prior year
Spent
$80K
To programs
100%
Net assets
$863K
By yearFY2020–FY2024
Revenue
$61K
FY2024▲ +6%
Tap a bar for its year
Revenue by fiscal year
FY2020$56K
FY2021$54K
FY2022$109K
FY2023$58K
FY2024$61K
Expenses
$80K
FY2024▲ +12%
Tap a bar for its year
Expenses by fiscal year
FY2020$62K
FY2021$91K
FY2022$98K
FY2023$71K
FY2024$80K
Net assets
$863K
FY2024▼ -1%
Tap a bar for its year
Net assets by fiscal year
FY2020$870K
FY2021$908K
FY2022$825K
FY2023$872K
FY2024$863K

From the FY2024 Form 990 · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Mar 1965.

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% · $80K

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

Something off? Claim to add context

Who runs it and what they're paid

4 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
Autumn Loomis
Secretarytreasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
See Mankato Endowment Association INC executive salaries →

On this list? Claim this org

Something off? Claim to add context

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

Provides scholarships and community assistance to those in need.

Questions for Mankato Endowment Association INC

Tap to ask. Mankato Endowment Association INC sees how many people are interested.

Your first name shows with your question. Mankato Endowment Association INC answers here, for everyone.

Provided by the organization

Know this org? Add your story

1 program · $80K · in their own filed words · FY2024
01

Higher education scholarships $ 43,450 jewell county hospital $ 10,000 entrepreneurship & roz fund $ 3,000 solomon valley transportation $ 1,000 esbon community center $ 11,522 jewell county comm foundation $ 3,042 jewell county strong $ 2,000 ute theater inc $ 4,000 jewell county helping hands $ 500

$80Kprogram 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
Land O'Lakes FoundationFY2023$2K
Total grants receivedfrom 1 funder$2K
Grants paid · 23 grants · $377K · 2020–2024
Unitemized GrantFY2024$43,450
Esbon Community CenterFY2024$11,522
Jewell County HospitalFY2024$10,000
Jewell County Cinema INCKS · FY2024$4,000
Jewell County Roz FundFY2024$3,000
Jewell County Strong INCKS · FY2024$2,000
Solomon Valley Transportation INCKS · FY2024$1,000
Unitemized GrantFY2023$54,633
Jewell County HospitalFY2023$10,000
Jewell County Roz FundFY2023$3,000
Esbon Community CenterFY2023$1,000
Solomon Valley Transportation INCKS · FY2023$1,000
Mankato Volunteer Fire DeptFY2023$500
Unitemized GrantFY2022$59,950
City of MankatoFY2022$33,414
Jewell County Roz FundFY2022$3,000
Solomon Valley Transportation INCKS · FY2022$1,000
Unitemized GrantFY2021$65,195
See all 23 grants →

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$61K
Ln 12
Investment incomeLn 3$32K
Gifts and grantsLn 1h$30K
Money outPt IX
$80K
Ln 25
Programscol B$80K
Owns and owesPt X
$863K
net assets · Ln 32
Cash and savingsLn 1–2$863K
Total assetsLn 16$863K
LiabilitiesLn 26$0
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$30K
Investment incomeLn 3$32K
Total revenueLn 12$61K
Assets in detailPt X, end of year
CashLn 1$10K
SavingsLn 2$853K
Cash and savings togetherLn 1–2$863K
Total assetsLn 16$863K
LiabilitiesLn 26$0
Net assetsLn 32$863K
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 FY24End FY24
Cash and savingsLn 1–2$872K$863K
Total assetsLn 16$872K$863K
LiabilitiesLn 26$0$0
Net assetsLn 32$872K$863K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$35K$35K
Grants to domestic individualsLn 2$43K$43K
Accounting feesLn 11c$1K$1K
Total functional expensesLn 25$80K$80K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $61K$80K−$19K$863K 990 PDF
FY2023 $58K$71K−$13K$872K 990 PDF
FY2022 $109K$98K$11K$825K 990 PDF
FY2021 $54K$91K−$37K$908K 990 PDF
FY2020 $56K$62K−$5K$870K 990 PDF

More to add? Claim this org

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $61,357 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $31,212$29,856
I-9 Program service revenue$0
I-10 Investment incomePrior year $26,892$31,501
I-11 Other revenue$0
I-12 Total revenuePrior year $58,104$61,357
I-13 Grants and similar amounts paidPrior year $70,133$78,939
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $1,110$1,088
I-18 Total expensesPrior year $71,243$80,027
I-19 Revenue less expensesPrior year −$13,139−$18,670
Part VI · Governance 4 of 4 board members independent, 4 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members4
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 $61,357 across 5 lines filed
VIII-1f All other contributions, gifts and grants$29,856
VIII-1h Total contributions, gifts and grants$29,856
VIII-3 Investment incomeRelated to mission $31,501$31,501
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $31,501 · Unrelated business $0 · Excluded from tax $0$61,357
Part IX · Statement of functional expenses $80,027 across 3 lines filed
IX-1 Grants to domestic organizationsPrograms $35,489$35,489
IX-2 Grants to domestic individualsPrograms $43,450$43,450
IX-11c Accounting feesPrograms $1,088$1,088
IX-25 Total functional expensesPrograms $80,027 · Management $0 · Fundraising $0$80,027
Part X · Balance sheet $863,294 assets, 6 lines filed
X-1 Cash, non-interest-bearingStart of year $2,614$10,106
X-2 Savings and temporary cash investmentsStart of year $869,604$853,188
X-16 Total assetsStart of year $872,218$863,294
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $872,218$863,294
X-33 Total liabilities and net assetsStart of year $872,218$863,294
Part XI · Reconciliation of net assets $863,294 net assets at year end
XI-1 Total revenue$61,357
XI-2 Total expenses$80,027
XI-3 Revenue less expenses−$18,670
XI-4 Net assets at start of year$872,218
XI-5 Net unrealized gains (losses) on investments$14,637
XI-7 Investment expenses−$4,891
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$863,294

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

Your org? Add context

Made it to the end? Claim this org

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.