ORONO FOUNDATION FOR EDUCATION: Form 990, tax year 2017
View the entire original 990 at ProPublica ↗
- Organization
- ORONO FOUNDATION FOR EDUCATION (EIN 41-1974305)
- Tax period
- 2017-07-01 to 2018-06-30
- Filed
- 2019-01-08
- IRS object ID
- 201910089349300946
- Schema version
- 2017v2.3
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2019-01-08T10:19:45-06:00 | ReturnTs |
| Tax Period End | 2018-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 410746749 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CLIFTONLARSONALLEN LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 220 SOUTH SIXTH STREET SUITE 300 | AddressLine1Txt |
| City | MINNEAPOLIS | CityNm |
| State Abbreviation | MN | StateAbbreviationCd |
| ZIP | 55402 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2017-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 411974305 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ORONO FOUNDATION FOR EDUCATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | ORON | BusinessNameControlTxt |
| Phone | 9525456873 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1850 WAYZATA BLVD | AddressLine1Txt |
| City | LONG LAKE | CityNm |
| State Abbreviation | MN | StateAbbreviationCd |
| ZIP | 55356 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | KARI GROTH SWAN | PersonNm |
| Person Title | EXECUTIVE DIRECTOR | PersonTitleTxt |
| Phone | 9525456873 | PhoneNum |
| Signature | 2018-12-20 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | LARRY ADAMS | PreparerPersonNm |
| PTIN | P01314654 | PTIN |
| Phone | 6123764500 | PhoneNum |
Filing Security Information FilingSecurityInformation
IP Address IPAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| I Pv4 Address | 67.137.57.251 | IPv4AddressTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IP | 2018-12-20 | IPDt |
| IP Tm | 12:09:36 | IPTm |
| IP Timezone | CS | IPTimezoneCd |
| Filing License Type | P | FilingLicenseTypeCd |
| At Submission Creation Device Id | 0F6CED516730F26F6D929EFCCC55701A57CAC9CA | AtSubmissionCreationDeviceId |
| At Submission Filing Device Id | E168BB59A4AC1B98DF6FDFCBC72C1446FCA85D8B | AtSubmissionFilingDeviceId |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2017 | TaxYr |
| Build TS | 2019-02-21 02:37:17Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | KARI GROTH SWAN | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1850 WAYZATA BLVD | AddressLine1Txt |
| City | LONG LAKE | CityNm |
| State Abbreviation | MN | StateAbbreviationCd |
| ZIP | 55356 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $4,048,517 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.ORONOFOUNDATION.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 2000 | FormationYr |
| Legal Domicile State | MN | LegalDomicileStateCd |
| Activity Or Mission | TO PRESERVE AND ENHANCE THE QUALITY OF STUDENT EDUCATION AT THE ORONO PUBLIC SCHOOLS. | ActivityOrMissionDesc |
| Voting Members Governing Body | 12 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 12 | VotingMembersIndependentCnt |
| Total Employee | 4 | TotalEmployeeCnt |
| Total Volunteers | 50 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $656,923 | PYContributionsGrantsAmt |
| CY Contributions Grants | $2,079,201 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $0 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $0 | CYProgramServiceRevenueAmt |
| PY Investment Income | $350,211 | PYInvestmentIncomeAmt |
| CY Investment Income | $654,842 | CYInvestmentIncomeAmt |
| PY Other Revenue | $13,947 | PYOtherRevenueAmt |
| CY Other Revenue | -$1,260 | CYOtherRevenueAmt |
| PY Total Revenue | $1,021,081 | PYTotalRevenueAmt |
| CY Total Revenue | $2,732,783 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $231,530 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $500,145 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $220,885 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $232,502 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $116,500 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $186,000 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $305,476 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $101,210 | PYOtherExpensesAmt |
| CY Other Expenses | $95,919 | CYOtherExpensesAmt |
| PY Total Expenses | $670,125 | PYTotalExpensesAmt |
| CY Total Expenses | $1,014,566 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $350,956 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $1,718,217 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $1,708,286 | TotalAssetsBOYAmt |
| Total Assets EOY | $3,048,713 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $122,797 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $306,867 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $1,585,489 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $2,741,846 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | THE ORONO FOUNDATION FOR EDUCATION WORKS TO EMPOWER ALL STUDENTS TO ACHIEVE THEIR HIGHEST POTENTIAL AND TO ENSURE A TRADITION OF EXCELLENCE BY HARNESSING THE COMMUNITY'S TIME, TALENT AND FINANCIAL RESOURCES IN SUPPORT OF ORONO SCHOOLS. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $200,007 | ExpenseAmt |
| Grant | $200,007 | GrantAmt |
| Desc | CHARACTER AND SERVICE LEARNING GRANTS:AS A RESULT OF THE FOUNDATION DOLLARS, STUDENTS HAVE EXPERIENCES TO SERVE THE COMMUNITY WHILE BUILDING CIVIC RESPONSIBILITY, SOCIAL AND ACADEMIC SKILLS. THESE EXPERIENCES DEEPEN AND EXTEND CLASSROOM INSTRUCTION, ASSISTING STUDENTS TO BUILD LEADERSHIP SKILLS AND RELATIONSHIPS AS THEY WORK TOWARD A COMMON GOAL. THE FOLLOWING K-12 STUDENT EXPERIENCES WERE A FEW OF THE HIGHLIGHTS DURING THE 2017-18 SCHOOL YEAR: 6TH GRADE SERVICE LEARNING FAIR, RECESS ROCKS MENTORING OPPORTUNITIES FOR INTERMEDIATE AND HIGH SCHOOL STUDENTS, AN AP ENVIRONMENTAL SCIENCE SERVICE LEARNING PROJECT, AND COORDINATION WITH ORONO YOUTH IN ACTION.DURING 2017-2018, ADDITIONAL GRANTS WERE PROVIDED IN SUPPORT OF SCHOLARSHIPS, STEM LEARNING, ARTS EDUCATION, LEADERSHIP SYMPOSIUMS, AND TEACHER RETIREMENT AND RECOGNITION. MATH CURRICULA TRAINING: AT THE END OF 2016-2017, $125,000 WAS RAISED AS TEMPORARY RESTRICTED FUNDS FOR MATH CURRICULUM INSTRUCTION AND SUPPORT FOR GRADES K-12 AT ORONO SCHOOLS. TEACHER TRAINING AND DEVELOPMENT: THIS GRANT WAS FULLY AWARDED DURING THIS FISCAL YEAR ENDING 2018. THESE FUNDS PROVIDE SUPPORT IN TWO KEY AREAS: PROFESSIONAL DEVELOPMENT AND TRAINING FOR 80 TEACHERS IN GRADES 3-9 AS WELL AS ADDING A MATH SPECIALIST POSITION TO PROVIDE ADDITIONAL HANDS-ON DIRECT SUPPORT TO TEACHERS AND STUDENTS. THE NEW MATH CURRICULUM AND MORE EFFECTIVE INSTRUCTION METHODS HELP STUDENTS DEVELOP A MATH MINDSET, TEACHING THEM TO THINK MORE FLEXIBLY WITH NUMBERS AND COMMUNICATE THEIR THINKING IN VARIOUS WAYS, LEADING TO A DEEPER UNDERSTANDING AND EVEN HIGHER OUTCOMES FOR ALL STUDENTS. THE DISTRICT PLANS TO EXPAND THE NEW MATHEMATICS CURRICULUM TO GRADES 10-12 IN 2018 AND BEYOND. AS THE NEW MATH CURRICULUM CONTINUES TO BE IMPLEMENTED AT THE UPPER GRADE LEVELS (POST ALGEBRA 1), THERE WILL BE ADDITIONAL PROFESSIONAL DEVELOPMENT REQUIREMENTS AND A CONTINUED NEED FOR A DISTRICT MATH SPECIALIST. THESE FUNDS WILL OFFER THE SUPPORT NECESSARY TO MAKE SUBSTANTIAL AND RAPID IMPROVEMENTS TO MATHEMATICS TEACHING AND ASSURE THAT THE CURRICULUM IMPLEMENTATION IS SUPPORTED BY ROBUST PROFESSIONAL DEVELOPMENT. DONORS SUPPORTED THIS INITIATIVE ON THE BELIEF THAT ALL STUDENTS CAN AND SHOULD ATTAIN HIGH LEVELS OF MATHEMATICAL LEARNING THROUGHOUT THEIR EXPERIENCE IN THE ORONO SCHOOLS.THE ORONO FOUNDATION FOR EDUCATION IS IN THE THIRD YEAR OF A 5-YEAR STRATEGIC PLAN TO INCREASE THE FUNDRAISING CAPACITY OF THE COMMUNITY AND MAXIMIZE THE GRANT POTENTIAL TO THE ORONO SCHOOLS THROUGH ANNUAL, EXCELLENCE, ENDOWMENT, AND CAPITAL / INFRASTRUCTURE CAMPAIGNS. THIS PROCESS IS GUIDED BY A MEMORANDUM OF UNDERSTANDING (MOU) WHICH WAS DRAFTED AND APPROVED BETWEEN THE ORONO FOUNDATION FOR EDUCATION AND THE ORONO SCHOOL DISTRICT IN 2016. THE PURPOSE WAS TO CLEARLY IDENTIFY THE ROLES AND RESPONSIBILITIES OF EACH PARTY AS THEY RELATE TO THE ONGOING FUNDRAISING AND PHILANTHROPY EFFORTS FOR THE ORONO SCHOOL DISTRICT AND COMMUNITY. PARTICULARLY, THIS MOU DEFINES THE PROCESS, VALUES, AND ACTIVITIES OF BOTH PARTIES IN A COMPREHENSIVE AND COORDINATED ONGOING FUNDRAISING EFFORT. THE MEMORANDUM IS INTENDED TO MAXIMIZE THE MUTUAL FUNDRAISING CAPACITIES OF THE FOUNDATION AND THE DISTRICT TO REALIZE THE MISSION OF EMPOWERING ALL STUDENTS TO ACHIEVE THEIR HIGHEST POTENTIAL AND ENSURE THE TRADITION OF ACADEMIC EXCELLENCE. THIS VISION HAS NECESSITATED A STRATEGIC RE-POSITIONING WHICH INCLUDES INVESTMENT IN ADDITIONAL CAPACITY RESOURCES INCLUDING PERSONNEL AND CONTRACTED PROFESSIONAL SERVICES. THESE INVESTMENTS WILL ALLOW THE ORGANIZATION TO EXPONENTIALLY INCREASE ITS GRANT FUNDING IN FUTURE YEARS IN SUPPORT OF ORONO SCHOOLS' EDUCATIONAL OPPORTUNITIES FOR STUDENTS. THESE INVESTMENTS PUT INTO PLACE THE RESOURCES NEEDED TO ENSURE THE ORGANIZATION'S ABILITY TO SUPPORT ORONO SCHOOLS AND STUDENTS IN A MUCH LARGER AND SIGNIFICANT WAY IN THE YEARS TO COME. FURTHERMORE, AS THE FOUNDATION EXPANDS TO MEET THE VARIOUS TYPES OF FUNDRAISING GOALS AND ACCEPTS DONATIONS, INCLUDING ENDOWMENT AND TEMPORARY RESTRICTED FUNDS (IE: THE EXCELLENCE FUNDS), THESE DONATIONS ARE NOT INTENDED TO BE AWARDED ANNUALLY. IN THE CASE OF THE EXCELLENCE FUNDS, THESE GRANTS WILL BE AWARDED AS REQUESTED BY THE DISTRICT. IN 2017-2018, $1,308,416 WAS RAISED IN SUPPORT OF THIS EXPANDED VISION OF THE FOUNDATION. THESE INVESTMENTS ARE FOR FUTURE CAPITAL IMPROVEMENTS FOR THE CAMPUS AND BUILDINGS. THESE ARE RESTRICTED FOR FUTURE GRANTS.OVER THE PAST 18 YEARS, MEMBERS OF THE ORONO COMMUNITY HAVE GENEROUSLY CONTRIBUTED TO THE ENDOWMENT FUND. DUE TO THESE DONATIONS AND STRONG MARKET RETURNS, OUR ENDOWMENT FUND BALANCE AT THE END OF THIS FISCAL YEAR WAS $1,175, 856 WHICH INCLUDES $11,500 IN CONTRIBUTIONS MADE THIS YEAR. THE ORONO FOUNDATION FOR EDUCATION MAY NOW CHOOSE TO DRAW A PERCENTAGE OF THESE EARNINGS TO PROVIDE ON-GOING, STRATEGIC FINANCIAL SUPPORT TO THE ORONO SCHOOL DISTRICT. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $178,250 | ExpenseAmt |
| Grant | $178,250 | GrantAmt |
| Desc | ANNUAL FUND GRANT:THE FOUNDATION PROVIDES A GENERAL OPERATING GRANT TO THE ORONO SCHOOL DISTRICT EACH YEAR TO SUPPORT A WIDE VARIETY OF K-12 EDUCATIONAL EXPENSES INCLUDING CLASSROOM MATERIALS, TECHNOLOGY, AND TEACHER TRAINING. THE ORONO SCHOOL DISTRICT THEN ALLOCATES THESE DOLLARS TO KEY STRATEGIC PRIORITIES AND PRESSING BUDGETARY NEEDS. | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $92,225 | ExpenseAmt |
| Grant | $92,225 | GrantAmt |
| Desc | FACILITIES GRANT - SPARTAN PLAZA:AT THE REQUEST OF, AND IN COORDINATION WITH, THE ORONO SCHOOL DISTRICT, THE FOUNDATION LAUNCHED A FUNDRAISING PROJECT TO RAISE MONEY FOR THE "SPARTAN PLAZA". AS BACKGROUND, AN INDOOR ATHLETIC CENTER IS UNDER CONSTRUCTION WITH FUNDING FROM A REVENUE BOND WHICH PASSED IN 2016. THE SPARTAN PLAZA WAS NOT PART OF THIS PLANNED DESIGN AND THE SCHOOL DISTRICT APPROACHED US TO RAISE FUNDS TOWARD THIS ENDEAVOR. THIS PLAZA IS THE PRIMARY OUTDOOR GATHERING SPACE FOR STUDENTS AND THE COMMUNITY ON CAMPUS. IT PROVIDES SPACE FOR STUDENTS TO GATHER IN INFORMAL STUDY GROUPS BEFORE AND AFTER SCHOOL HOURS, PROVIDES AN AREA FOR OUTSIDE CLASSROOM SPACE DURING THE DAY, AND ALSO OFFERS A PLACE FOR CREATIVE PERFORMANCE. DURING SPORTS AND EXTRA CURRICULA EVENTS, IT IS THE PRIMARY OUTDOOR PLACE WHERE PEOPLE GATHER AS IT ALSO INCLUDES THE CONCESSION AND RESTROOM AREAS.THE FOUNDATION HAS AN EXCELLENCE FUND "BUILDINGS AND GROUND" FOR THESE TYPES OF ENDEAVORS AND THIS WAS A NATURAL ALLIANCE. THE ORONO FOUNDATION IS COMMITTED TO "EXCELLENCE IN EDUCATION AND THIS INCLUDES FACILITIES AS WELL AS CURRICULA. PUBLIC TAX DOLLARS ARE SIMPLY INADEQUATE TO MEET THE NEEDS OF THE SCHOOL DISTRICT AND HELPING WITH THESE FUNDING GAPS ARE CORE TO OUR MISSION. IN ORDER TO FACILITATE THE PROJECT, THE FOUNDATION AND THE SCHOOL DISTRICT PARTNERED WITH FUNDRAISERSPORTS.COMCUSTOMIZED GRANITE PAVERS COULD BE PURCHASED TO HONOR A FAMILY MEMBER, TEACHER, TEAM OR ADMINISTRATOR. THE MAJORITY OF THIS PURCHASE WAS TAX DEDUCTIBLE. THESE DOLLARS WERE GRANTED THRU OUR BUILDINGS AND GROUNDS FUND. PER AN AGREEMENT WITH THE SCHOOL DISTRICT, 10% OF THE NET PROCEEDS WERE USED TO SUPPLEMENT OUR ANNUAL GRANT. IN ADDITION TO SUPPORTING OUR MISSION, THE FOUNDATION KNEW THIS PROJECT WAS A WAY TO INCREASE AWARENESS OF OFE WITH NEW STAKEHOLDERS AND AN OPPORTUNITY TO ATTRACT NEW DONORS. BOTH OF THESE OBJECTIVES WERE ACCOMPLISHED. IT WAS ALSO A WONDERFUL COMMUNITY ENGAGEMENT PROJECT WHICH PROMOTED "SPARTAN PRIDE." LASTLY, IT WAS A WAY TO DEMONSTRATE OUR STRATEGIC PARTNERSHIP WITH THE SCHOOL DISTRICT, AND SUPPORT THEIR NEEDS, WITH CAPITAL PROJECTS. THIS IS SIGNIFICANT AS IT DEMONSTRATES OUR ABILITY TO DIVERSIFY OUR GRANT-MAKING BEYOND CURRICULA PROGRAMMING AND TEACHER TRAINING. THIS WAS AN IMPORTANT PROJECT AS IT WAS RESPONSIVE TO THE SCHOOL DISTRICT'S NEED AND RESONATED WITH OUR DONORS, TOO.AS WE EVOLVE AS A FOUNDATION, THERE WILL LIKELY BE OTHER CAPITAL PROJECTS OUR DONORS WANT TO FUND IN SUPPORT OF ORONO SCHOOLS. | Desc |
Prog Srvc Accom Acty Other ProgSrvcAccomActyOtherGrp (2 entries)
| ExpenseExpenseAmt | GrantGrantAmt | DescDesc |
|---|---|---|
| $29,664 | $29,664 | K-5 LITERACY GRANTFINANCIAL GIFTS ARE DESIGNATED SPECIFICALLY TO FURTHER BOOST ORONO'S EXCELLENCE IN K-5 LITERACY. PROVIDING MORE INDIVIDUALIZED LITERARY INSTRUCTION FOR THE DISTRICT'S YOUNGEST STUDENTS, THIS FUNDING PROMOTES LITERACY IN ALL OF ITS FORMS. A STRONGER GRASP OF LITERACY CAN TURN A RELUCTANT LEARNER INTO AN INSPIRED ONE, AND THIS FUNDING GOES TOWARDS WORKING TO ACHIEVE THAT LEVEL OF INSPIRATION FOR ALL K-5 STUDENTS.FOUNDATION DOLLARS WERE ALSO USED TO HELP HIRE A PART-TIME READING SPECIALIST AT THE MIDDLE SCHOOL. THIS POSITION WILL HELP STUDENTS IN THE 6TH - 8TH GRADES DURING THE SCHOOL DAY. |
| $52,228 | PARENT DIRECTORY AND PROGRAM DEVELOPMENTTHE PARENT DIRECTORY IS A CHERISHED TRADITION IN OUR COMMUNITY. CODIFYING EVERY TEACHER, ADMINISTRATOR, STUDENT, AND PARENT, ADDRESS, E-MAIL AND PHONE, IT SERVES AS THE GO-TO HANDBOOK FOR TEACHERS AND FAMILIES IN ORONO. NEW FAMILIES AND TEACHERS TO THE DISTRICT CONSIDER THIS A "MUST HAVE". THE PARENT DIRECTORY ALSO INCLUDES COMMUNITY RESOURCES SUCH AS EMERGENCY SERVICE NUMBERS, CITY GOVERNMENT OFFICES, COMMUNITY EDUCATION RESOURCES, AND INFORMATION ON SCHOOL SPONSORED PARENT GROUPS. THE PARENT DIRECTORY IS A REFLECTION OF THE TRUST, FRIENDSHIP AND SMALL-TOWN SENTIMENT WHICH STRENGTHENS THE FIBER OF OUR COMMUNITY AND SCHOOLS. IT PROMOTES AND FOSTERS INVOLVEMENT WITH THE FOUNDATION AND THE SCHOOL DISTRICT. EVERY YEAR OVER 725 PARENT DIRECTORIES ARE ORDERED.THE NEW PARENT COFFEE IS A WAY THE FOUNDATION WELCOMES OUR NEWEST FAMILIES TO THE DISTRICT. THIS INCLUDES MANY OF THE KINDERGARTEN AND FIRST GRADE FAMILIES, BUT ALSO NEWLY RELOCATED OR OPEN-ENROLLED FAMILIES, TOO. AT THIS BREAKFAST, THE LEADERSHIP TEAMS OF THE SCHOOL DISTRICT AND FOUNDATION ARE PRESENT. THE VISION AND PARTNERSHIP OF BOTH ORGANIZATIONS IS EXPLAINED AS WELL AS OUR HISTORY AND GRANT MAKING PRIORITIES. IT'S AN OPPORTUNITY FOR NEW PARENTS TO ASK QUESTIONS AND GET INVOLVED AS ADVOCATES, VOLUNTEERS AND DONORS.THE FALL "BREAKFAST AT THE BARN" IS AN OPPORTUNITY TO HIGHLIGHT THE IMPACT OF THE FOUNDATION IN OUR COMMUNITY. EACH YEAR, WE REITERATE OUR HISTORY AND THE CRITICAL IMMEDIATE NEEDS WE HAVE PROVIDED TO ORONO TEACHERS AND STUDENTS. THIS EVENT USUALLY INVOLVES SEVERAL FEATURED SPEAKERS -- PAST BOARD MEMBERS, TEACHERS, DISTRICT LEADERS, OR DONORS. THIS EVENT KICKS OFF OUR END OF THE YEAR CAMPAIGN AND SERVES TO HIGHLIGHT THE PROGRAM AND AN ASK TO SUPPORT THESE INITIATIVES.THROUGHOUT THE YEAR, WE PUBLISHED SEVERAL E-NEWSLETTERS AND AN ANNUAL IMPACT REPORT. THESE TAKE MUCH INTERACTION WITH THE DISTRICT TEAM AS THEY ARE USED TO HIGHLIGHT OUR PROGRAMMATIC IMPACT. THEY OFTEN INVOLVE AN INTERVIEW WITH A TEACHER OR STUDENT, AND MAY INCLUDE A TESTIMONIAL FROM SOMEONE IMPACTED BY THE GRANT. THEY MAY ALSO FEATURE A DONOR WHO FUNDED A SPECIFY INITIATIVE. PAST EXAMPLES HAVE INCLUDED LITERACY, SERVICE LEARNING AND TEACHER TRAINING. THESE ALSO SERVE AS A CALL TO ACTION TO SUPPORT OUR CURRENT FUNDING PRIORITIES. THIS YEAR, SEVERAL WERE PRODUCED IN SUPPORT OF THE SPARTAN PLAZA PROJECT. |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Prog Srvc Expense | $81,892 | TotalOtherProgSrvcExpenseAmt |
| Total Other Prog Srvc Grant | $29,664 | TotalOtherProgSrvcGrantAmt |
| Total Program Service Expenses | $552,374 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Temp Or Permanent Endowments | Yes (1) | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | 0 | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (1) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | Yes (1) | ProfessionalFundraisingInd |
| Fundraising Activities | Yes (1) | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | Yes (1) | GrantsToOrganizationsInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Schedule J Required | 0 | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With Officer Ent | 0 | BusinessRlnWithOfficerEntInd |
| Deductible Non Cash Contri | Yes (1) | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | 0 | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 6 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Employee | 4 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | Yes (1) | QuidProQuoContributionsInd |
| Quid Pro Quo Contri Discl | Yes (1) | QuidProQuoContriDisclInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 12 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 12 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | 0 | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | MN | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | DANIEL HOLMQUIST | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 9525456873 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1850 WAYZATA BLVD | AddressLine1Txt |
| City | LONG LAKE | CityNm |
| State Abbreviation | MN | StateAbbreviationCd |
| ZIP | 55356 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (14 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt |
|---|---|---|---|---|---|---|
| JOELLEN GONDER-SPACEK | ||||||
| CHAIR | 10.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| NICOLE KAUFMAN | ||||||
| VICE CHAIR | 10.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| WOODY RASH | ||||||
| TREASURER | 5.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| DANA EFFERTZ | ||||||
| SECRETARY | 8.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| STEVE ALBERS | ||||||
| BOARD MEMBER | 3.00 | Yes (X) | $0 | $0 | $0 | |
| SARAH BORCHERS | ||||||
| BOARD MEMBER | 3.00 | Yes (X) | $0 | $0 | $0 | |
| WENDY DANKEY | ||||||
| BOARD MEMBER | 3.00 | Yes (X) | $0 | $0 | $0 | |
| ROBIN GIPSON | ||||||
| BOARD MEMBER | 3.00 | Yes (X) | $0 | $0 | $0 | |
| KERRY MAHONEY | ||||||
| BOARD MEMBER | 3.00 | Yes (X) | $0 | $0 | $0 | |
| NELL MATHEWS | ||||||
| BOARD MEMBER | 10.00 | Yes (X) | $0 | $0 | $0 | |
| KATIE MONGER | ||||||
| BOARD MEMBER | 3.00 | Yes (X) | $0 | $0 | $0 | |
| HEATHER PILAKOWSKI | ||||||
| BOARD MEMBER | 6.00 | Yes (X) | $0 | $0 | $0 | |
| PETER VICKERY | ||||||
| BOARD MEMBER | 3.00 | Yes (X) | $0 | $0 | $0 | |
| KARI GROTH SWAN | ||||||
| EXECUTIVE DIRECTOR | 40.00 | Yes (X) | $123,294 | $0 | $0 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $123,294 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $0 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 1 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | 0 | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp
Contractor Name ContractorName
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MISSION ADVANCEMENT | BusinessNameLine1Txt |
Contractor Address ContractorAddress
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 7850 COLLIN MCKINNEY PARKWAY SUITE | AddressLine1Txt |
| City | MCKINNEY | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 75070 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Services | CAPITAL CAMPAIGN COUNSEL | ServicesDesc |
| Compensation | $186,000 | CompensationAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 1 | CntrctRcvdGreaterThan100KCnt |
| Info In Schedule O Part VIII | Yes (X) | InfoInScheduleOPartVIIIInd |
| Fundraising | $284,139 | FundraisingAmt |
| All Other Contributions | $1,795,062 | AllOtherContributionsAmt |
| Noncash Contributions | $1,160,591 | NoncashContributionsAmt |
| Total Contributions | $2,079,201 | TotalContributionsAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $42,078 | TotalRevenueColumnAmt |
| Exclusion | $42,078 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $1,794,411 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $1,181,647 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $612,764 | SecuritiesAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $612,764 | TotalRevenueColumnAmt |
| Exclusion | $612,764 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fundraising Gross Income | $117,650 | FundraisingGrossIncomeAmt |
| Contri Rpt Fundraising Event | $284,139 | ContriRptFundraisingEventAmt |
| Fundraising Direct Expenses | $134,087 | FundraisingDirectExpensesAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$16,437 | TotalRevenueColumnAmt |
| Exclusion | -$16,437 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | MISCELLANEOUS REVENUE | Desc |
| Business | 900099 | BusinessCd |
| Total Revenue Column | $15,177 | TotalRevenueColumnAmt |
| Exclusion | $15,177 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $15,177 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $2,732,783 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $0 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $653,582 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $500,145 | TotalAmt |
| Program Services | $500,145 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $124,102 | TotalAmt |
| Program Services | $18,615 | ProgramServicesAmt |
| Management And General | $43,436 | ManagementAndGeneralAmt |
| Fundraising | $62,051 | FundraisingAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $86,721 | TotalAmt |
| Program Services | $21,681 | ProgramServicesAmt |
| Management And General | $36,297 | ManagementAndGeneralAmt |
| Fundraising | $28,743 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,265 | TotalAmt |
| Program Services | $909 | ProgramServicesAmt |
| Management And General | $2,066 | ManagementAndGeneralAmt |
| Fundraising | $2,290 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $16,414 | TotalAmt |
| Program Services | $3,077 | ProgramServicesAmt |
| Management And General | $6,271 | ManagementAndGeneralAmt |
| Fundraising | $7,066 | FundraisingAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $228 | TotalAmt |
| Management And General | $228 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $26,768 | TotalAmt |
| Management And General | $26,768 | ManagementAndGeneralAmt |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $186,000 | TotalAmt |
| Fundraising | $186,000 | FundraisingAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $10,000 | TotalAmt |
| Management And General | $10,000 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $566 | TotalAmt |
| Management And General | $566 | ManagementAndGeneralAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,131 | TotalAmt |
| Fundraising | $2,131 | FundraisingAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $22,776 | TotalAmt |
| Program Services | $5,902 | ProgramServicesAmt |
| Management And General | $5,795 | ManagementAndGeneralAmt |
| Fundraising | $11,079 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $9,918 | TotalAmt |
| Program Services | $1,191 | ProgramServicesAmt |
| Management And General | $7,657 | ManagementAndGeneralAmt |
| Fundraising | $1,070 | FundraisingAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $9,000 | TotalAmt |
| Management And General | $9,000 | ManagementAndGeneralAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,942 | TotalAmt |
| Management And General | $4,942 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | MISCELLANEOUS | Desc |
| Total | $9,590 | TotalAmt |
| Program Services | $854 | ProgramServicesAmt |
| Management And General | $3,690 | ManagementAndGeneralAmt |
| Fundraising | $5,046 | FundraisingAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,014,566 | TotalAmt |
| Program Services | $552,374 | ProgramServicesAmt |
| Management And General | $156,716 | ManagementAndGeneralAmt |
| Fundraising | $305,476 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $182,892 | BOYAmt |
| EOY | $384,664 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $83,710 | BOYAmt |
| EOY | $479,704 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $21,931 | BOYAmt |
| EOY | $32,931 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $12,331 | BOYAmt |
| EOY | $5,488 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $11,264 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $11,264 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,407,422 | BOYAmt |
| EOY | $2,145,926 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,708,286 | BOYAmt |
| EOY | $3,048,713 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $26,672 | BOYAmt |
| EOY | $22,842 | EOYAmt |
Grants Payable GrantsPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $75,000 | BOYAmt |
| EOY | $267,225 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $21,125 | BOYAmt |
| EOY | $16,800 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $122,797 | BOYAmt |
| EOY | $306,867 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
Unrestricted Net Assets UnrestrictedNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $166,332 | BOYAmt |
| EOY | $228,780 | EOYAmt |
Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $700,397 | BOYAmt |
| EOY | $1,782,806 | EOYAmt |
Permanently Rstr Net Assets PermanentlyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $718,760 | BOYAmt |
| EOY | $730,260 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,585,489 | BOYAmt |
| EOY | $2,741,846 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,708,286 | BOYAmt |
| EOY | $3,048,713 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | $1,718,217 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | -$561,860 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | $0 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Organization170 | Yes (X) | PublicOrganization170Ind |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $849,524 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $684,567 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $608,856 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $656,923 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $2,079,201 | CurrentTaxYearAmt |
| Total | $4,879,071 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $849,524 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $684,567 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $608,856 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $656,923 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $2,079,201 | CurrentTaxYearAmt |
| Total | $4,879,071 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $1,198,772 | SubstantialContributorsTotAmt |
| Public Support Total170 | $3,680,299 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $18,959 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $22,338 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $27,889 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $34,636 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $42,078 | CurrentTaxYearAmt |
| Total | $145,900 | TotalAmt |
Other Income170 OtherIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $61,946 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $135,664 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $101,904 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $133,753 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $132,827 | CurrentTaxYearAmt |
| Total | $566,094 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $5,591,065 | TotalSupportAmt |
| Public Support CY170 | 0.65820 | PublicSupportCY170Pct |
| Public Support PY170 | 0.83120 | PublicSupportPY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
Form990 Schedule A Part VI Form990ScheduleAPartVIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: | FormAndLineReferenceDesc |
| Explanation | MISCELLANEOUS REVENUE FUNDRAISING EVENT REVENUE | ExplanationTxt |
Schedule B IRS990ScheduleB
Schedule D IRS990ScheduleD
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $1,136,259 | BeginningYearBalanceAmt |
| Contributions | $11,500 | ContributionsAmt |
| Investment Earnings Or Losses | $79,572 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | -$51,475 | OtherExpendituresAmt |
| End Year Balance | $1,175,856 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $1,058,307 | BeginningYearBalanceAmt |
| Contributions | $23,817 | ContributionsAmt |
| Investment Earnings Or Losses | $98,171 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | -$44,036 | OtherExpendituresAmt |
| End Year Balance | $1,136,259 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $857,220 | BeginningYearBalanceAmt |
| Contributions | $202,303 | ContributionsAmt |
| Investment Earnings Or Losses | $35,584 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | -$36,800 | OtherExpendituresAmt |
| End Year Balance | $1,058,307 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $668,404 | BeginningYearBalanceAmt |
| Contributions | $158,996 | ContributionsAmt |
| Investment Earnings Or Losses | $29,820 | InvestmentEarningsOrLossesAmt |
| End Year Balance | $857,220 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $572,106 | BeginningYearBalanceAmt |
| Contributions | $75 | ContributionsAmt |
| Investment Earnings Or Losses | $96,223 | InvestmentEarningsOrLossesAmt |
| End Year Balance | $668,404 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated Balance EOY | 0.00000 | BoardDesignatedBalanceEOYPct |
| Prmnnt Endowment Balance EOY | 0.62100 | PrmnntEndowmentBalanceEOYPct |
| Term Endowment Balance EOY | 0.37900 | TermEndowmentBalanceEOYPct |
| Endowments Held Unrelated Org | 0 | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | 0 | EndowmentsHeldRelatedOrgInd |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $11,264 | OtherCostOrOtherBasisAmt |
| Depreciation | $11,264 | DepreciationAmt |
| Book Value | $0 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $0 | TotalBookValueLandBuildingsAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $2,184,884 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | -$561,860 | NetUnrealizedGainsInvstAmt |
| Donated Services And Use Fclts | $9,906 | DonatedServicesAndUseFcltsAmt |
| Other Revenue | $14,055 | OtherRevenueAmt |
| Revenue Not Reported | -$537,899 | RevenueNotReportedAmt |
| Revenue Subtotal | $2,722,783 | RevenueSubtotalAmt |
| Investment Expenses Not Incld | $10,000 | InvestmentExpensesNotIncldAmt |
| Revenue Not Reported Fincl Stmt | $10,000 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $2,732,783 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $1,028,527 | TotExpnsEtcAuditedFinclStmtAmt |
| Donated Services Use Fclts | $9,906 | DonatedServicesUseFcltsAmt |
| Other Expenses Included | $14,055 | OtherExpensesIncludedAmt |
| Expenses Not Reported | $23,961 | ExpensesNotReportedAmt |
| Expenses Subtotal | $1,004,566 | ExpensesSubtotalAmt |
| Investment Expenses Not Incld2 | $10,000 | InvestmentExpensesNotIncld2Amt |
| Expenses Not Rpt Fincl Stmt | $10,000 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $1,014,566 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (4 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART V, LINE 4: | THE FOUNDATION MAINTAINS THE ENDOWMENT FUNDS TO PROVIDE ANNUAL SUPPORT FOR THE GRANT ACTIVITIES. |
| PART X, LINE 2: | THE FOUNDATION IS ORGANIZED AND OPERATES ON A NOT-FOR-PROFIT BASIS AND ITS TAX EXEMPT STATUS HAS BEEN RECOGNIZED BY THE INTERNAL REVENUE SERVICE UNDER SECTION 501(C)(3). THE FOUNDATION IS CLASSIFIED AS AN ORGANIZATION WHICH IS NOT PRIVATE FOUNDATIONS UNDER THE INTERNAL REVENUE CODE AND CHARITABLE CONTRIBUTIONS BY DONORS ARE TAX DEDUCTIBLE. THE FOUNDATION IS SUBJECT TO UNRELATED BUSINESS INCOME TAXES UNDER THE INTERNAL REVENUE CODE FOR FEDERAL AND STATE TAX PURPOSES. THE FOUNDATION FOLLOWS THE PROVISIONS OF THE ACCOUNTING STANDARD FOR UNCERTAIN TAX POSITIONS, WHICH REQUIRES THAT A TAX POSITION BE RECOGNIZED OR DERECOGNIZED BASED ON A "MORE LIKELY THAN NOT" THRESHOLD. THIS APPLIES TO POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. |
| PART XI, LINE 2D - OTHER ADJUSTMENTS: | SPECIAL EVENT EXPENSES IN EXCESS OF DIRECT BENEFIT 14,055. |
| PART XII, LINE 2D - OTHER ADJUSTMENTS: | SPECIAL EVENT EXPENSES IN EXCESS OF DIRECT BENEFIT 14,055. |
Schedule G IRS990ScheduleG
| Field | Value | IRS element (for citing) |
|---|---|---|
| Mail Solicitations | Yes (X) | MailSolicitationsInd |
| Email Solicitations | Yes (X) | EmailSolicitationsInd |
| Phone Solicitations | Yes (X) | PhoneSolicitationsInd |
| In Person Solicitations | Yes (X) | InPersonSolicitationsInd |
| Solicitation Of Non Govt Grants | Yes (X) | SolicitationOfNonGovtGrantsInd |
| Special Fundraising Events | Yes (X) | SpecialFundraisingEventsInd |
| Agrmt Prof Fundraising Acty | Yes (1) | AgrmtProfFundraisingActyInd |
Fundraiser Activity Info FundraiserActivityInfoGrp
Organization Business Name OrganizationBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MISSION ADVANCEMENT | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 7850 COLLIN MCKINNEY PARKWAY SUITE | AddressLine1Txt |
| City | MCKINNEY | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 75070 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Activity | CAMPAIGN COUNSEL | ActivityTxt |
| Fundraiser Control Of Funds | 0 | FundraiserControlOfFundsInd |
| Gross Receipts | $0 | GrossReceiptsAmt |
| Retained By Contractor | $186,000 | RetainedByContractorAmt |
| Net To Organization | -$186,000 | NetToOrganizationAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Retained By Contractors | $186,000 | TotalRetainedByContractorsAmt |
| Total Net To Organization | -$186,000 | TotalNetToOrganizationAmt |
| Licensed States | MN | LicensedStatesCd |
Fundraising Event Information FundraisingEventInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Event1 | ANNUAL GALA | Event1Nm |
| Gross Receipts Event1 | $372,014 | GrossReceiptsEvent1Amt |
| Charitable Contri Event1 | $280,439 | CharitableContriEvent1Amt |
| Gross Revenue Event1 | $91,575 | GrossRevenueEvent1Amt |
| Non Cash Prizes Event1 | $42,500 | NonCashPrizesEvent1Amt |
| Food And Beverage Event1 | $56,402 | FoodAndBeverageEvent1Amt |
| Entertainment Event1 | $8,697 | EntertainmentEvent1Amt |
| Other Direct Expenses Event1 | $23,595 | OtherDirectExpensesEvent1Amt |
| Event2 | GREAT GATHERING | Event2Nm |
| Gross Receipts Event2 | $25,475 | GrossReceiptsEvent2Amt |
| Charitable Contri Event2 | $0 | CharitableContriEvent2Amt |
| Gross Revenue Event2 | $25,475 | GrossRevenueEvent2Amt |
| Other Direct Expenses Event2 | $108 | OtherDirectExpensesEvent2Amt |
| Other Events Total | 1 | OtherEventsTotalCnt |
| Gross Receipts Other Events | $4,300 | GrossReceiptsOtherEventsAmt |
| Charitable Contri Other Events | $3,700 | CharitableContriOtherEventsAmt |
| Gross Revenue Other Events | $600 | GrossRevenueOtherEventsAmt |
| Oth Direct Expnss Other Events | $2,785 | OthDirectExpnssOtherEventsAmt |
| Gross Receipts Total | $401,789 | GrossReceiptsTotalAmt |
| Charitable Contributions Tot | $284,139 | CharitableContributionsTotAmt |
| Gross Revenue Total Events | $117,650 | GrossRevenueTotalEventsAmt |
| Non Cash Prizes Total Events | $42,500 | NonCashPrizesTotalEventsAmt |
| Food And Beverage Total Events | $56,402 | FoodAndBeverageTotalEventsAmt |
| Entertainment Total Events | $8,697 | EntertainmentTotalEventsAmt |
| Oth Direct Expnss Total Events | $26,488 | OthDirectExpnssTotalEventsAmt |
| Direct Expense Summary Events | $134,087 | DirectExpenseSummaryEventsAmt |
| Net Income Summary | -$16,437 | NetIncomeSummaryAmt |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Recipient Table RecipientTable
Recipient Business Name RecipientBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ORONO PUBLIC SCHOOLS | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 685 OLD CRYSTAL BAY ROAD N | AddressLine1Txt |
| City | ORONO | CityNm |
| State Abbreviation | MN | StateAbbreviationCd |
| ZIP | 55356 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient EIN | 416001403 | RecipientEIN |
| IRC Section | ORONO PUBLIC SCHOOLS | IRCSectionDesc |
| Cash Grant | $500,145 | CashGrantAmt |
| Valuation Method Used | N/A | ValuationMethodUsedDesc |
| Non Cash Assistance | N/A | NonCashAssistanceDesc |
| Purpose Of Grant | VARIOUS - SEE PART III FOR DETAIL | PurposeOfGrantTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 1 | Total501c3OrgCnt |
| Total Other Org | 0 | TotalOtherOrgCnt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 2: | FormAndLineReferenceDesc |
| Explanation | ORONO FOUNDATION FOR EDUCATION'S (OFE) PRIMARY GRANT TO THE ORONO SCHOOL DISTRICT IS AN UNRESTRICTED OPERATING GRANT. SEVERAL OFE BOARD MEMBERS REGULARLY ATTEND SCHOOL BOARD MEETINGS AND MAINTAIN ACTIVE RELATIONSHIPS WITH THE SCHOOL BOARD AND STAFF. DEDICATED PROJECT GRANTS ARE TYPICALLY FUNDED ON A COST REIMBURSEMENT BASIS. GRANT FUNDS ARE DISBURSED UPON REQUEST AND PRESENTATION OF DOCUMENTATION OF INCURRED EXPENSES BY THE SCHOOL DISTRICT. COLLEGE SCHOLARSHIP AWARDS ARE ADMINISTERED BY SCHOOL COUNSELORS. STUDENTS MUST PROVIDE DOCUMENTATION OF COLLEGE ENROLLMENT AND COMPLETION OF THEIR FIRST SEMESTER. OFE FUNDS SCHOLARSHIP AWARDS ON A COST REIMBURSEMENT BASIS UPON NOTIFICATION BY DISTRICT PERSONNEL OF SCHOLARSHIP DISBURSEMENT AND ALL REQUIREMENTS HAVE BEEN MET. | ExplanationTxt |
Schedule M IRS990ScheduleM
Securities Publicly Traded SecuritiesPubliclyTradedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 6 | ContributionCnt |
| Noncash Contributions Rpt F990 | $1,118,091 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | STOCK MARKET QUOTES | MethodOfDeterminingRevenuesTxt |
Other Non Cash Contri Table OtherNonCashContriTableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Desc | SPECIAL EVENT AUCTION ITEMS | Desc |
| Contribution | 24 | ContributionCnt |
| Noncash Contributions Rpt F990 | $42,125 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | FMV | MethodOfDeterminingRevenuesTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form8283 Received | 0 | Form8283ReceivedCnt |
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeldInd |
| Review Process Unusual NC Gifts | Yes (1) | ReviewProcessUnusualNCGiftsInd |
| Third Parties Used | Yes (1) | ThirdPartiesUsedInd |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART I, COLUMN (B): | THE NUMBER IN SCHEDULE M, PART I, COLUMN B IS EQUAL TO THE TOTAL NUMBER OF CONTRIBUTORS. |
| PART I, LINE 32B: | BROKERAGE FIRM USED TO PROCESS NONCASH CONTRIBUTIONS |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (6 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 1 | THE EXECUTIVE COMMITTEE IS COMPRISED OF THE FOLLOWING MEMBERS: CHAIR, VICE CHAIR, TREASURER, SECRETARY, AND THE CHAIRS OF THE BOARD DEVELOPMENT AND GOVERNANCE, FINANCE, FUNDRAISING, AND MARKETING COMMITTEES. THE EXECUTIVE COMMITTEE SHALL HAVE ALL THE POWERS AND AUTHORITY OF THE BOARD OF DIRECTORS IN THE INTERVALS BETWEEN MEETING OF THE BOARD OF DIRECTORS, SUBJECT TO THE DIRECTION AND CONTROL OF THE BOARD OF DIRECTORS. THESE INCLUDE PROVIDING A MECHANISM FOR BOARD LEADERS AND COMMITTEE CHAIRS TO ENGAGE IN DECISION MAKING, OVERSIGHT, AND COMMUNICATION ON IMPORTANT OFE MATTERS. |
| FORM 990, PART VI, SECTION B, LINE 11B | THE FINANCE COMMITTEE WILL REVIEW A DRAFT OF THE FORM 990, AND THEN RECOMMEND APPROVAL FOR FILING TO THE BOARD OF DIRECTORS. THE BOARD OF DIRECTORS WILL REVIEW THE FORM 990 PRIOR TO FILING. THE FORM 990 IS REVIEWED BY THE BOARD CHAIR AND THE TREASURER IN ADDITION TO THE EXECUTIVE DIRECTOR. |
| FORM 990, PART VI, SECTION B, LINE 12C | THE FOUNDATION'S CONFLICT OF INTEREST POLICY COVERS ANY INDIVIDUALS THAT CAN INFLUENCE THE DECISIONS OF OR WHO HAVE PROPRIETARY INFORMATION CONCERNING THE FOUNDATION. DISCLOSURE IN THE FOUNDATION IS MADE TO THE PRESIDENT OR VICE-PRESIDENT (OR IF SHE OR HE IS THE ONE WITH THE CONFLICT, THEN TO THE OTHER SUCH OFFICER), WHO SHALL BRING THE MATTER TO THE ATTENTION OF THE EXECUTIVE COMMITTEE. DISCLOSURE STATEMENTS ARE MADE BY BOARD MEMBERS ANNUALLY, ON OR BEFORE THE AUGUST BOARD MEETING EACH YEAR, AND WILL BE PROVIDED TO THE EXECUTIVE COMMITTEE. DISCLOSURE STATEMENTS BY VOLUNTEERS ARE MADE WHEN THE VOLUNTEER BEGINS SERVICE WITH THE FOUNDATION. DISCLOSURE STATEMENTS ARE UPDATED AS APPROPRIATE THROUGHOUT THE YEAR. THE EXECUTIVE COMMITTEE DETERMINES WHETHER A CONFLICT EXISTS AND IN THE CASE OF AN EXISTING CONFLICT, WHETHER THE CONTEMPLATED TRANSACTION MAY BE AUTHORIZED AS JUST, FAIR, AND REASONABLE TO THE FOUNDATION. ANY PERSON DEEMED TO HAVE A CONFLICT OF INTEREST IS EXCLUDED FROM THE APPROVAL OF THE RELATED TRANSACTION. THE DECISION OF THE EXECUTIVE COMMITTEE ON THESE MATTERS WILL REST IN THEIR SOLE DISCRETION, AND THEIR CONCERN MUST BE THE WELFARE OF THE FOUNDATION AND THE ADVANCEMENT OF ITS PURPOSE. PROCEEDINGS RELATED TO CONFLICTS OF INTEREST ARE DOCUMENTED IN THE MEETING MINUTES. |
| FORM 990, PART VI, SECTION B, LINE 15A | THE COMPENSATION REVIEW PROCESS FOR THE EXECUTIVE DIRECTOR IS CONDUCTED ANNUALLY BY THE BOARD CHAIR AND EXECUTIVE COMMITTEE. THIS INCLUDES A REVIEW OF DATA TO COMPARABLE COMPENSATION FOR SIMILARLY QUALIFIED PERSONS AT FUNCTIONALLY COMPARABLE POSITIONS AT SIMILARLY SITUATED ORGANIZATIONS. THE COMPENSATION REVIEW IS COMPLETED IN TANDEM WITH THE EXECUTIVE DIRECTOR'S ANNUAL PERFORMANCE REVIEW. THIS PROCESS INCLUDES FEEDBACK FROM BOARD MEMBERS, STAFF AND VOLUNTEERS. THE EXECUTIVE DIRECTOR IS ELIGIBLE FOR A MERIT- BASED PAY INCREASE (RANGE 0-3%) DEPENDING UPON FEEDBACK. THE BOARD CHAIR AND EXECUTIVE COMMITTEE BELIEVES THE MERIT-BASED INCREASE IS COMPARABLE TO WHAT THE INDUSTRY IS PROVIDING. DOCUMENTATION OF THESE DECISIONS ARE MAINTAINED IN PERSONNEL FILES AND EXECUTIVE COMMITTEE MEETING MINUTES. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE FOUNDATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. |
| PART VIII, STATEMENT OF REVENUE & PART XI, RECONCILIATION OF NET ASSETS: | IN FISCAL YEAR 2017, AFTER A ROBUST ASSESSMENT OF INVESTMENT SERVICE PROVIDERS, THE ORGANIZATION'S INVESTMENT FUNDS WERE TRANSFERRED TO A NEW INVESTMENT MANAGER TO REALIZE ENHANCED INVESTMENT OPPORTUNITIES, MANAGEMENT SUPPORT, AND INTERNAL AND PUBLIC FINANCIAL REPORTING. COST BASIS INFORMATION OF INVESTMENT SECURITIES COULD NOT BE MAINTAINED IN THE TRANSFER THUS PREVENTING CALCULATION OF REALIZED AND UNREALIZED GAIN/LOSS ON INVESTMENTS. NET UNREALIZED AND REALIZED GAIN ON INVESTMENTS IS $50,904 FOR THE CURRENT YEAR. |
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