Civic Intelligence

Minnetonka Public Schools Foundation

990 • Fiscal year 2015 • EIN 41-1569085

Jul 01, 2014 to Jun 30, 2015 • Filed on Mar 09, 2016

5621 County Road 101Minnetonka, MN 55345

(952) 401-5040

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

52nd percentile

0.12x

Higher debt load relative to assets than 52% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

82nd percentile

0.78x

Higher debt load relative to revenue than 82% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Net Margin

14th percentile

-20%

Higher net margin than 14% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Asset Growth

21st percentile

-5.4%

Faster asset growth than 21% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

9th percentile

-34%

Faster revenue growth than 9% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Assets

Down

$1,295,277

Down $73,366 (-5.4%) from 2014

Net Assets

Down

$1,141,813

Down $17,174 (-1.5%) from 2014

Liabilities

Down

$153,464

Down $56,192 (-27%) from 2014

Revenue

Down

$195,853

Down $101,228 (-34%) from 2014

Expenses

Up

$235,163

Up $84,651 (+56%) from 2014

Net Income

Down

-$39,310

Down $185,879 (-127%) from 2014

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$2.0M$1.5M$1.0M$500K$0Assets 2011: $1,033,832Liabilities 2011: $127,637Net Assets 2011: $906,1952011Assets 2012: $1,046,677Liabilities 2012: $79,469Net Assets 2012: $967,2082012Assets 2013: $1,190,104Liabilities 2013: $285,618Net Assets 2013: $904,4862013Assets 2014: $1,368,643Liabilities 2014: $209,656Net Assets 2014: $1,158,9872014Assets 2015: $1,295,277Liabilities 2015: $153,464Net Assets 2015: $1,141,8132015Assets 2016: $1,233,618Liabilities 2016: $136,881Net Assets 2016: $1,096,7372016Assets 2017: $1,211,781Liabilities 2017: $5,484Net Assets 2017: $1,206,2972017Assets 2018: $1,252,745Liabilities 2018: $4,870Net Assets 2018: $1,247,8752018Assets 2019: $1,239,959Liabilities 2019: $5,291Net Assets 2019: $1,234,6682019Assets 2020: $1,301,655Liabilities 2020: $25,924Net Assets 2020: $1,275,7312020Assets 2021: $1,756,178Liabilities 2021: $16,703Net Assets 2021: $1,739,4752021Assets 2022: $1,513,215Liabilities 2022: $1,333Net Assets 2022: $1,511,8822022Assets 2023: $1,649,798Liabilities 2023: $118,378Net Assets 2023: $1,531,4202023Assets 2024: $1,714,989Liabilities 2024: $41,682Net Assets 2024: $1,673,3072024Assets 2025: $1,899,866Liabilities 2025: $37,363Net Assets 2025: $1,862,5032025

Highlighted filing

2015

Assets$1,295,277
Liabilities$153,464
Net Assets$1,141,813

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$600K$400K$200K$0-$200KExpenses 2011: $192,8242011Expenses 2012: $121,0302012Revenue 2013: $236,253Expenses 2013: $369,896Net Income 2013: -$133,6432013Revenue 2014: $297,081Expenses 2014: $150,512Net Income 2014: $146,5692014Revenue 2015: $195,853Expenses 2015: $235,163Net Income 2015: -$39,3102015Revenue 2016: $299,946Expenses 2016: $289,047Net Income 2016: $10,8992016Revenue 2017: $288,781Expenses 2017: $355,475Net Income 2017: -$66,6942017Revenue 2018: $275,617Expenses 2018: $271,052Net Income 2018: $4,5652018Revenue 2019: $267,454Expenses 2019: $257,326Net Income 2019: $10,1282019Revenue 2020: $278,632Expenses 2020: $211,302Net Income 2020: $67,3302020Revenue 2021: $346,495Expenses 2021: $187,223Net Income 2021: $159,2722021Revenue 2022: $405,551Expenses 2022: $256,920Net Income 2022: $148,6312022Revenue 2023: $344,052Expenses 2023: $469,427Net Income 2023: -$125,3752023Revenue 2024: $370,408Expenses 2024: $388,408Net Income 2024: -$18,0002024Revenue 2025: $472,441Expenses 2025: $332,127Net Income 2025: $140,3142025

Highlighted filing

2015

Revenue$195,853
Expenses$235,163
Net Income-$39,310
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Mar 9, 2016
Return Version
2014v6.0
Gross Receipts
$551,842
Mission and Program Overview

Mission

To raise and allocate funds to initiate and support innovative educational programs that enrich the learning experiences of all students served by the minnetonka public schools. Through the teacher grant program and the endowment, the foundation is an active partner with the minnetonka public school district in providing a world-class education to our students.

Our role is to secure community resources which support and fund innovative programs that create broad sustainable change in educating all minnetonka students.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$1,238,157$1,264,841▲ $26,684
Cash and Non-Interest-Bearing Accounts$130,466$28,916▼ $101,550
Prepaid Expenses and Deferred Charges$20$1,520▲ $1,500
Total Assets$1,368,643$1,295,277▼ $73,366
Liabilities
Grants Payable$205,486$147,383▼ $58,103
Accounts Payable and Accrued Expenses$4,170$6,081▲ $1,911
Total Liabilities$209,656$153,464▼ $56,192
Net Assets / Fund Balance
Unrestricted Net Assets$1,113,863$1,098,942▼ $14,921
Temporarily Rstr Net Assets$45,124$42,871▼ $2,253
Total Net Assets Fund Balance$1,158,987$1,141,813▼ $17,174
Total Liabilities and Net Assets / Fund Balance$1,368,643$1,295,277▼ $73,366

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2015$1,008,072$186,892▲ $17,555$164,957$1,047,562
2014$816,663$186,211▲ $145,798$140,600$1,008,072
2013$864,083$202,168▲ $87,576$337,164$816,663
2012$806,742$189,042▼ $21,170$110,531$864,083
2011$660,006$197,200▲ $151,180$201,644$806,742
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$333,159
Program Service Revenue
$0
Investment Income
$4,874
Other Revenue
$-142,180
All Other Contributions
$80,093
Change in Net Assets
$-39,310

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table268$52,998Fair Market Value (FMV)
Total Noncash Contributions268$52,998-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$99,883
Salaries, Compensation, and Employee Benefits$87,643
Total Fundraising Expense$56,249
Other Expenses$47,637
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$99,883--$99,883
Other Salaries and Wages$20,747$28,711$32,570$82,028
Fees for Services Accounting-$11,334-$11,334
Fees for Service Investment Mgmnt Fees-$7,419-$7,419
Payroll Taxes$1,389$1,998$2,228$5,615
Office Expenses$623$2,328$2,478$5,429
Occupancy$504$1,692$1,404$3,600
Insurance-$1,320-$1,320
Other Expenses-$682$2,546$682
Travel-$284-$284
Total Functional Expenses$123,146$55,768$56,249$235,163
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Minnetonka Public SchoolsMinnetonka, MNGovt EntityGrants That Fund Innovative Teacher Requests From K-12$90,738
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$162,188
Fundraising Gross Income$17,595
Gaming Gross Income$2,525
Gaming Direct Expenses$112
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Dream Makers Dinner$270,661$17,595$38,912$-21,317
Total Events$270,661$17,595$162,188$-144,593
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
No
Audit committee
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 8B

The organization does not have any committees that have authority to act on behalf of the governing body.

Form 990, Part VI, Section B, Line 11

The prepared form 990 is presented by the treasurer at a board meeting and emailed to all board members for review prior to filing for final approval.

Form 990, Part VI, Section B, Line 15

N/a: no compensated top management official

Form 990, Part VI, Section C, Line 19

The foundation makes its governing documents, conflict of interest policy, and financial statements are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Minnetonka Public Schools Foundation
EIN
41-1569085
Phone
9524015040
Address
5621 COUNTY ROAD 101, MINNETONKA, MN 55345

Signing Officer

Name
Dean Friesen
Title
Board Treasurer
Phone
9524015040
Signed
2016-03-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Joanne Olds
Formed
1986
Legal Domicile
Mn
Voting Board Members
17
Independent Board Members
17
Employees
2
Volunteers
150

Preparer

Firm
Cliftonlarsonallen Llp
Address
220 SOUTH SIXTH STREET SUITE 300, MINNEAPOLIS, MN 55402
Preparer
Amy Hendley
Phone
6123764500
Supplemental Narrative

Financial Statement Notes

PART V, LINE 4:

The foundation's board designated endowment consists of assets received from dream makers dinner events and may be enhanced in the future by various other sources including individual donations, planned gifts, and corporate donations. The purpose of the endowment fund is to provide funding for innovative educational programs within the minnetonka public school system.

PART X, LINE 2:

The foundation qualifies as a tax-exempt organization described in section 501(c)(3) of the internal revenue code. Accordingly, the foundation is not subject to federal income taxes under section 501(a) of the code. The foundation follows the standard for uncertain tax positions that clarifies the accounting for uncertainty in income taxes recognized in an organization's financial statements. The policy prescribes a recognition threshold and measurement principles for the financial statement recognition and measurement of tax positions taken or expected to be taken on a tax return that are not certain to be realized. The foundation is not aware of any uncertain positions taken in their operations. The foundation's tax returns are subject to review and examination by federal, state and local authorities.

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IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt017
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt01320
IRS990/InsuranceGrp/TotalAmt01320
IRS990/InvestmentIncomeGrp/ExclusionAmt041555
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt041555
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt01238157
IRS990/InvestmentsPubTradedSecGrp/EOYAmt01264841
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0MN
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt0193689
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd00
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO RAISE AND ALLOCATE FUNDS TO INITIATE AND SUPPORT INNOVATIVE EDUCATIONAL PROGRAMS THAT ENRICH THE LEARNING EXPERIENCES OF ALL STUDENTS SERVED BY THE MINNETONKA PUBLIC SCHOOLS. THROUGH THE TEACHER GRANT PROGRAM AND THE ENDOWMENT, THE FOUNDATION IS AN ACTIVE PARTNER WITH THE MINNETONKA PUBLIC SCHOOL DISTRICT IN PROVIDING A WORLD-CLASS EDUCATION TO OUR STUDENTS.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt01158987
IRS990/NetAssetsOrFundBalancesEOYAmt01141813
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0-36681
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-36681
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt0-144593
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0-144593
IRS990/NetIncomeFromGamingGrp/ExclusionAmt02413
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt02413
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt022136
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NoncashContributionsAmt063555
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt01404
IRS990/OccupancyGrp/ManagementAndGeneralAmt01692
IRS990/OccupancyGrp/ProgramServicesAmt0504
IRS990/OccupancyGrp/TotalAmt03600
IRS990/OfficeExpensesGrp/FundraisingAmt02478
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt02328
IRS990/OfficeExpensesGrp/ProgramServicesAmt0623
IRS990/OfficeExpensesGrp/TotalAmt05429
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0ANNUAL/TIE
IRS990/OtherExpensesGrp/Desc1DEVELOPMENT COMMITTEE
IRS990/OtherExpensesGrp/Desc2MISCELLANEOUS
IRS990/OtherExpensesGrp/FundraisingAmt015023
IRS990/OtherExpensesGrp/FundraisingAmt12546
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0682
IRS990/OtherExpensesGrp/TotalAmt015023
IRS990/OtherExpensesGrp/TotalAmt12546
IRS990/OtherExpensesGrp/TotalAmt2682
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt032570
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt028711
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt020747
IRS990/OtherSalariesAndWagesGrp/TotalAmt082028
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt02228
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt01998
IRS990/PayrollTaxesGrp/ProgramServicesAmt01389
IRS990/PayrollTaxesGrp/TotalAmt05615
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt020
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt01520
IRS990/PrincipalOfficerNm0JOANNE OLDS
IRS990/ProfessionalFundraisingInd00
IRS990/ProgSrvcAccomActy2Grp/Desc0ENDOWMENT PROGRAM: THE ENDOWMENT SUPPORTS EDUCATIONAL INITIATIVES THAT REQUIRE ONGOING FUNDING OR LARGER SUMS THAT CANNOT BE SUPPORTED BY THE ANNUAL TEACHER GRANT PROGRAM. THE ENDOWMENT IS MANAGED BY A PROFESSIONAL INVESTMENT FIRM IN ACCORDANCE WITH STRICT INVESTMENT PRINCIPLES IDENTIFIED IN THE FOUNDATION'S BY-LAWS.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt011632
IRS990/ProgSrvcAccomActy2Grp/GrantAmt00
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0292554
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt090848
IRS990/PYInvestmentIncomeAmt061216
IRS990/PYOtherExpensesAmt039847
IRS990/PYOtherRevenueAmt0-56689
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0146569
IRS990/PYSalariesCompEmpBnftPaidAmt019817
IRS990/PYTotalExpensesAmt0150512
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0297081
IRS990/QuidProQuoContributionsInd01
IRS990/QuidProQuoContriDisclInd01
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-39310
IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0280161
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0292554
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0237478
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0228896
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0240140
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01279229
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt041555
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt031206
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt024530
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt034779
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt026075
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0158145
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0133701
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.86790
IRS990ScheduleA/PublicSupportPY170Pct00.87910
IRS990ScheduleA/PublicSupportTotal170Amt01247492
IRS990ScheduleA/SubstantialContributorsTotAmt031737
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0280161
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0292554
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0237478
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0228896
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0240140
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01279229
IRS990ScheduleA/TotalSupportAmt01437374
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BoardDesignatedBalanceEOYPct01.00000
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt01008072
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt0186892
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt01047562
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt017555
IRS990ScheduleD/CYEndwmtFundGrp/OtherExpendituresAmt0164957
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt0816663
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt0186211
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt01008072
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0145798
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/OtherExpendituresAmt0140600
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt0864083
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt0202168
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt0816663
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt087576
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/OtherExpendituresAmt0337164
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt0806742
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt0189042
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt0864083
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-21170
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/OtherExpendituresAmt0110531
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt0660006
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt0197200
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt0806742
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0151180
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/OtherExpendituresAmt0201644
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.00000
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION'S BOARD DESIGNATED ENDOWMENT CONSISTS OF ASSETS RECEIVED FROM DREAM MAKERS DINNER EVENTS AND MAY BE ENHANCED IN THE FUTURE BY VARIOUS OTHER SOURCES INCLUDING INDIVIDUAL DONATIONS, PLANNED GIFTS, AND CORPORATE DONATIONS. THE PURPOSE OF THE ENDOWMENT FUND IS TO PROVIDE FUNDING FOR INNOVATIVE EDUCATIONAL PROGRAMS WITHIN THE MINNETONKA PUBLIC SCHOOL SYSTEM.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1THE FOUNDATION QUALIFIES AS A TAX-EXEMPT ORGANIZATION DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. ACCORDINGLY, THE FOUNDATION IS NOT SUBJECT TO FEDERAL INCOME TAXES UNDER SECTION 501(A) OF THE CODE. THE FOUNDATION FOLLOWS THE STANDARD FOR UNCERTAIN TAX POSITIONS THAT CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN AN ORGANIZATION'S FINANCIAL STATEMENTS. THE POLICY PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT PRINCIPLES FOR THE FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN ON A TAX RETURN THAT ARE NOT CERTAIN TO BE REALIZED. THE FOUNDATION IS NOT AWARE OF ANY UNCERTAIN POSITIONS TAKEN IN THEIR OPERATIONS. THE FOUNDATION'S TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL, STATE AND LOCAL AUTHORITIES.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART V, LINE 4:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2:
IRS990ScheduleD/TermEndowmentBalanceEOYPct00.00000
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleG/CharitableDistributionRqrInd00
IRS990ScheduleG/CntrctWith3rdPrtyForGameRevInd00
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt0253066

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$1.90$0.04$1.86$0.47$0.33$0.14
2024Detailed filing. Detailed filing data is available for this year.$1.71$0.04$1.67$0.37$0.39$0.02
2023Detailed filing. Detailed filing data is available for this year.$1.65$0.12$1.53$0.34$0.47$0.13
2022Detailed filing. Detailed filing data is available for this year.$1.51$0.00$1.51$0.41$0.26$0.15
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.76$0.02$1.74$0.35$0.19$0.16
2020Detailed filing. Detailed filing data is available for this year.$1.30$0.03$1.28$0.28$0.21$0.07
2019Detailed filing. Detailed filing data is available for this year.$1.24$0.01$1.23$0.27$0.26$0.01
2018Detailed filing. Detailed filing data is available for this year.$1.25$0.00$1.25$0.28$0.27$0.00
2017Detailed filing. Detailed filing data is available for this year.$1.21$0.01$1.21$0.29$0.36$0.07
2016Detailed filing. Detailed filing data is available for this year.$1.23$0.14$1.10$0.30$0.29$0.01
2015Detailed filing. Detailed filing data is available for this year.$1.30$0.15$1.14$0.20$0.24$0.04
2014Detailed filing. Detailed filing data is available for this year.$1.37$0.21$1.16$0.30$0.15$0.15
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.19$0.29$0.90$0.24$0.37$0.13
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.05$0.08$0.97$0.12
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.03$0.13$0.91$0.19