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Forward New Prague Foundation FY2024 filing

Tax-deductible

New Prague, MN501(c)(3)Since 2023Community DevelopmentEIN 92-1785025Revenue $369K in FY2024

On file with the IRSnppops.org305 Columbus Ave S, 56071-1929 · New Prague, MNTax-exempt since Jan 2023Publicly supported charity — 170(b)(1)(A)(vi)

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To build a multi-purpose outdoor performance facility to celebrate the arts and other community gatherings - from music to theatre to dance to visual arts...and much more!

501(c)(3) charity; gifts are tax-deductible.
94¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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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
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
3 of 3
filings with a surplus
Average surplus $269K a year · 80% of revenue · last 3 filings
Looks good: a surplus in 3 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
94%
of spending
Looks good: 94% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
92 mo
of spending, in cash
Looks good: 92.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $51K
Looks good: 3 funders name it on their filings; 3 or more.
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
$369K
+42% vs prior year
Spent
$10K
To programs
94%
Net assets
$595K
By yearFY2023–FY2025
Revenue
$369K
FY2024▲ +42%
Tap a bar for its year
Revenue by fiscal year
FY2023$261K
FY2024$369K
FY2025$376K
Expenses
$10K
FY2024▼ -59%
Tap a bar for its year
Expenses by fiscal year
FY2023$25K
FY2024$10K
FY2025$162K
Net assets
$595K
FY2024▲ +152%
Tap a bar for its year
Net assets by fiscal year
FY2023$236K
FY2024$595K
FY2025$808K

From the FY2024 Form 990 · see the original

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You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jan 2023.

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

Where the money goes

94 cents of each dollar spent went to programs.

Program services 94% · $10K Management & general 6% · $578

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

4 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Bruce Wolf
Treasurer/Financial Officer
$0Pt VII · Sec A
$0Pt VII · Sec A
Larry Pint
Director
$0Pt VII · Sec A
See Forward New Prague Foundation 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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Develops and invests in infrastructure projects for New Prague, MN.

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Provided by the organization

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1 program · $10K · in their 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

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Donor Advised Charitable Giving INCFY2024$25K
Fidelity Investments Charitable Gift FundFY2024$16K
Southern Minnesota Initiative FoundationFY2024$10K
Total grants receivedfrom 3 funders$51K
See all 3 funders →

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$369K
Ln 12
Gifts and grantsLn 1h$364K
Investment incomeLn 3$8K
Money outPt IX
$10K
Ln 25
Programscol B$10K
Managementcol C$578
Owns and owesPt X
$595K
net assets · Ln 32
Cash and savingsLn 1–2$77K
Total assetsLn 16$595K
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$364K
Noncash giftsLn 1g$52K
Fundraising eventsLn 1c$17K
Investment incomeLn 3$8K
Total revenueLn 12$369K
Assets in detailPt X, end of year
CashLn 1$52K
SavingsLn 2$26K
Cash and savings togetherLn 1–2$77K
InvestmentsLn 11–13$518K
Total assetsLn 16$595K
LiabilitiesLn 26$0
Net assetsLn 32$595K
OperationsPt I, VI
EmployeesI 50
VolunteersI 615
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$75K$77K
InvestmentsLn 11–13$161K$518K
Total assetsLn 16$236K$595K
LiabilitiesLn 26$0$0
Net assetsLn 32$236K$595K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Legal feesLn 11b$31$31
Other fees for servicesLn 11g$9K$9K
Office expensesLn 13$547$547
Information technologyLn 14$324$324
TravelLn 17$289$289
InsuranceLn 23$250$250
Other expenses (24a–d)Ln 24$62$62
Total functional expensesLn 25$10K$10K$578$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $376K$162K$214K$808K 990 PDF
FY2024 Viewing $369K$10K$359K$595K 990 PDF
FY2023 $261K$25K$236K$236K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $368,879 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $238,313$363,574
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $820$8,180
I-11 Other revenuePrior year $21,462−$2,875
I-12 Total revenuePrior year $260,595$368,879
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $24,655$10,078
I-18 Total expensesPrior year $24,655$10,078
I-19 Revenue less expensesPrior year $235,940$358,801
Part VI · Governance 4 of 4 board members independent, 5 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members4
VI-2 Family or business relationship among officers or directorsYes
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
Part VIII · Statement of revenue $368,879 across 7 lines filed
VIII-1c Fundraising events$17,490
VIII-1f All other contributions, gifts and grants$346,084
VIII-1g Noncash contributions (included above)$52,414
VIII-1h Total contributions, gifts and grants$363,574
VIII-3 Investment incomeExcluded from tax $8,180$8,180
VIII-8 Net income from fundraising eventsExcluded from tax −$2,875−$2,875
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $5,305$368,879
Part IX · Statement of functional expenses $10,078 across 7 lines filed
IX-11b Legal feesManagement $31$31
IX-11g Other fees for servicesPrograms $8,575$8,575
IX-13 Office expensesManagement $547$547
IX-14 Information technologyPrograms $324$324
IX-17 TravelPrograms $289$289
IX-23 InsurancePrograms $250$250
IX-24 Other expenses (24a–d)Programs $62$62
IX-25 Total functional expensesPrograms $9,500 · Management $578 · Fundraising $0$10,078
Part X · Balance sheet $594,741 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $70,120$51,553
X-2 Savings and temporary cash investmentsStart of year $5,001$25,682
X-11 Publicly traded securitiesStart of year $160,819$517,506
X-16 Total assetsStart of year $235,940$594,741
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $235,940$594,741
X-33 Total liabilities and net assetsStart of year $235,940$594,741
Part XI · Reconciliation of net assets $594,741 net assets at year end
XI-1 Total revenue$368,879
XI-2 Total expenses$10,078
XI-3 Revenue less expenses$358,801
XI-4 Net assets at start of year$235,940
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$594,741

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

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