2019-01-08T10:19:45-06:00 2018-06-30 410746749 CLIFTONLARSONALLEN LLP 220 SOUTH SIXTH STREET SUITE 300 MINNEAPOLIS MN 55402 990 2017-07-01 411974305 ORONO FOUNDATION FOR EDUCATION ORON 9525456873 1850 WAYZATA BLVD LONG LAKE MN 55356 KARI GROTH SWAN EXECUTIVE DIRECTOR 9525456873 2018-12-20 1 LARRY ADAMS P01314654 6123764500 67.137.57.251 2018-12-20 12:09:36 CS P 0F6CED516730F26F6D929EFCCC55701A57CAC9CA E168BB59A4AC1B98DF6FDFCBC72C1446FCA85D8B 2017 2019-02-21 02:37:17Z KARI GROTH SWAN 1850 WAYZATA BLVD LONG LAKE MN 55356 4048517 0 X WWW.ORONOFOUNDATION.ORG X 2000 MN TO PRESERVE AND ENHANCE THE QUALITY OF STUDENT EDUCATION AT THE ORONO PUBLIC SCHOOLS. 12 12 4 50 0 0 656923 2079201 0 0 350211 654842 13947 -1260 1021081 2732783 231530 500145 0 0 220885 232502 116500 186000 305476 101210 95919 670125 1014566 350956 1718217 1708286 3048713 122797 306867 1585489 2741846 X 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. 0 0 200007 200007 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. 178250 178250 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. 92225 92225 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. 29664 29664 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. 52228 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. 81892 29664 552374 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 1 0 0 0 0 0 0 1 1 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 6 0 4 1 0 0 0 0 0 1 1 0 0 0 0 X 12 12 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 MN X DANIEL HOLMQUIST 9525456873 1850 WAYZATA BLVD LONG LAKE MN 55356 JOELLEN GONDER-SPACEK CHAIR 10.00 X X 0 0 0 NICOLE KAUFMAN VICE CHAIR 10.00 X X 0 0 0 WOODY RASH TREASURER 5.00 X X 0 0 0 DANA EFFERTZ SECRETARY 8.00 X X 0 0 0 STEVE ALBERS BOARD MEMBER 3.00 X 0 0 0 SARAH BORCHERS BOARD MEMBER 3.00 X 0 0 0 WENDY DANKEY BOARD MEMBER 3.00 X 0 0 0 ROBIN GIPSON BOARD MEMBER 3.00 X 0 0 0 KERRY MAHONEY BOARD MEMBER 3.00 X 0 0 0 NELL MATHEWS BOARD MEMBER 10.00 X 0 0 0 KATIE MONGER BOARD MEMBER 3.00 X 0 0 0 HEATHER PILAKOWSKI BOARD MEMBER 6.00 X 0 0 0 PETER VICKERY BOARD MEMBER 3.00 X 0 0 0 KARI GROTH SWAN EXECUTIVE DIRECTOR 40.00 X 123294 0 0 123294 0 0 1 0 0 0 MISSION ADVANCEMENT 7850 COLLIN MCKINNEY PARKWAY SUITE MCKINNEY TX 75070 CAPITAL CAMPAIGN COUNSEL 186000 1 X 284139 1795062 1160591 2079201 42078 42078 1794411 1181647 612764 612764 612764 117650 284139 134087 -16437 -16437 MISCELLANEOUS REVENUE 900099 15177 15177 15177 2732783 0 0 653582 500145 500145 124102 18615 43436 62051 86721 21681 36297 28743 5265 909 2066 2290 16414 3077 6271 7066 228 228 26768 26768 186000 186000 10000 10000 566 566 2131 2131 22776 5902 5795 11079 9918 1191 7657 1070 9000 9000 4942 4942 MISCELLANEOUS 9590 854 3690 5046 1014566 552374 156716 305476 182892 384664 83710 479704 21931 32931 12331 5488 11264 11264 0 0 1407422 2145926 1708286 3048713 26672 22842 75000 267225 21125 16800 0 0 0 0 122797 306867 X 166332 228780 700397 1782806 718760 730260 1585489 2741846 1708286 3048713 1718217 -561860 0 X 0 1 X 1 0 X 849524 684567 608856 656923 2079201 4879071 849524 684567 608856 656923 2079201 4879071 1198772 3680299 18959 22338 27889 34636 42078 145900 61946 135664 101904 133753 132827 566094 5591065 0.65820 0.83120 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS REVENUE FUNDRAISING EVENT REVENUE 1136259 11500 79572 -51475 1175856 1058307 23817 98171 -44036 1136259 857220 202303 35584 -36800 1058307 668404 158996 29820 857220 572106 75 96223 668404 0.00000 0.62100 0.37900 0 0 11264 11264 0 0 X 2184884 -561860 9906 14055 -537899 2722783 10000 10000 2732783 1028527 9906 14055 23961 1004566 10000 10000 1014566 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. X X X X X X 1 MISSION ADVANCEMENT 7850 COLLIN MCKINNEY PARKWAY SUITE MCKINNEY TX 75070 CAMPAIGN COUNSEL 0 0 186000 -186000 186000 -186000 MN ANNUAL GALA 372014 280439 91575 42500 56402 8697 23595 GREAT GATHERING 25475 0 25475 108 1 4300 3700 600 2785 401789 284139 117650 42500 56402 8697 26488 134087 -16437 1 ORONO PUBLIC SCHOOLS 685 OLD CRYSTAL BAY ROAD N ORONO MN 55356 416001403 ORONO PUBLIC SCHOOLS 500145 N/A N/A VARIOUS - SEE PART III FOR DETAIL 1 0 PART I, LINE 2: 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. X 6 1118091 STOCK MARKET QUOTES X SPECIAL EVENT AUCTION ITEMS 24 42125 FMV 0 0 1 1 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 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.