Forward New Prague Foundation EIN 92-1785025 Form 990 (PDF) Claim this org

Forward New Prague Foundation

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Develops and invests in infrastructure projects for New Prague, MN. For fiscal year 2024 it reported $369K in revenue, $10K in expenses, and $595K in net assets.Pt I

Type
Public charity (501(c)(3)) · Community Development
Location
New Prague, MN
Website
www.nppops.org
Filings
2 on file (2023–2024)
Revenue
$369KFY2024
Expenses
$10K
Net assets
$595K
People
4
Filings
2
Updates
0
More identity details & actions ⌄
EIN  92-1785025 Public charity (501(c)(3)) New Prague, MN
Form 990 (PDF)
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Size
$100K–1M
What they do
Develops and invests in infrastructure projects for New Prague, MN.
Leadership
Den Gardner · Chair
Money in and out
$369K revenue, $10K expenses
Bottom line
94% program efficiency
Where the money goes · FY2024
Total revenue
$369K
Pt VIII · Ln 12
Total expenses
$10K
Pt IX · Ln 25
Net assets
$595K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $359K
Where spending went · Part IX cols B–D
Program services $0.94 Management & general $0.06
Program efficiency
94%
of spending reaches programs▲ +14% vs prior filing year
Surplus margin
+97%
revenue over expenses, this year▲ +7% vs prior filing year
Donor-funded
99%
of revenue is gifts & grants▲ +8% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$369K
FY2024▲ +42%
Expenses
$10K
FY2024▼ -59%
Total assets
$595K
FY2024▲ +152%
Total liabilities
$0
FY2024
Total revenue
$369K
Pt VIII · Ln 12
Total expenses
$10K
Pt IX · Ln 25
Net assets
$595K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$359K
Total assetsPt X · Ln 16$595K
Program-expense ratioPt IX · col B94%
Voting members of governing bodyPt I · Ln 34
Independent voting membersPt I · Ln 44
Mission & Programs · Part III

Where the work happens

1 program service account for $10K of program spending, described in the organization's own filed words · FY2024.
01

Cities small and large throughout minnesota encourage and entertain arts lovers throughout the year at outdoor venues to promote those interested in performing for the public. New prague, a vibrant city of 8,100 people, has no outdoor performance facility.

$10Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CForward New Prague Foundation
EINHdr · item D92-1785025
Principal addressHdr · item CNew Prague, MN
WebsiteHdr · item Jwww.nppops.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MMN
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFCommunity Development (S20)
Ruling yearIRS BMFJan 2023

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 12aNo
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 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Treasurer/Financial Officer
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Contributions & grants$364K · 99%
Investment income$8K · 2%
Contributions & grants99%$364K
Investment income2%$8K
Total revenueLn 12$369K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.94 Management & general $0.06
Program services94%$10K
Management & general6%$578
Total functional expensesLn 25$10K

Balance Sheet

Part X · end of year
CashLn 1$77K
Total assetsLn 16$595K
Total liabilitiesLn 26$0
Total net assetsLn 32$595K
Months of cash on handcomputed92.0

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $595K · Operating expenses (Pt IX) $10K · Less non-cash grants $52K · Cash operating expenses/yr $-42K
Highly liquid reserves (cash & marketable securities on Pt X) ÷ monthly operating expenses (Pt IX total, less non-cash grants & depreciation when reported).
Where the money goes
Program services
Program services $10K · Total expenses $10K
94%
Management & General
Management & general $578 · Total expenses $10K
6%
Fundraising
Fundraising $0 · Total expenses $10K
0%
Cost to raise $1
Fundraising expense (2-yr avg) $0 · Solicited contributions (2-yr avg) $301K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $364K · Total revenue $369K
99%
Government reliance
Government grants — · Total revenue $369K
Earned-income share
Program service revenue $0 · Total revenue $369K
0%
Investment reliance
Investment income $8K · Total revenue $369K
+2%
Program self-sufficiency
Program service revenue $0 · Total expenses $10K
0%
Growth & trend
Revenue growth (YoY)
This year $369K · Prior year $261K
+42%
Net-asset trend (YoY)
End of year $595K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $369K · Expenses $10K
+97%
Liabilities-to-Assets
Total liabilities — · Total assets $595K
Net-asset ratio
Net assets $595K · Total assets $595K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $518K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $595K
87%
People & payroll
Highest Reported Total Compensation
Individual Den Gardner · Reported title CHAIR · Highest reported compensation $0 · Total expenses $10K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $10K
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 94%
Overhead ratio 6%
Fundraising cost ratio 0%
Revenue growth 42%
Legal fee ratio 0.3%

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
See all 3 funders →

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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
FY2024 (Latest)$369K revenue · viewing · ⤓ 990 PDF
FY2023$261K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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