Civic Intelligence

Moorhead Area Education Foundation

990 • Fiscal year 2020 • EIN 41-1689598

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 15, 2021

Organization Profilewww.moorheadlegacy.org
PO Box 1006Moorhead, MN 56561-1006

(701) 261-7012

Siviq Scores

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

Liabilities / Assets

23rd percentile

0.01x

Higher debt load relative to assets than 23% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

33rd percentile

0.05x

Higher debt load relative to revenue than 33% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

14th percentile

-24%

Higher net margin than 14% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

37th percentile

$0

Higher top officer pay than 37% of similar nonprofits.

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

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

56th percentile

8.5%

Faster asset growth than 56% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

81st percentile

31%

Faster revenue growth than 81% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets23rd percentile

Assets

Up

$1,698,560

Up $133,519 (+8.5%) from 2019

Net Assets

Up

$1,689,743

Up $128,302 (+8.2%) from 2019

Liabilities

Up

$8,817

Up $5,217 (+145%) from 2019

Revenue And Expenses
Liabilities / Revenue33rd percentileNet Margin14th percentile

Revenue

Up

$176,952

Up $41,572 (+31%) from 2019

Expenses

Up

$218,969

Up $111,856 (+104%) from 2019

Net Income

Down

-$42,017

Down $70,284 (-249%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth56th percentile

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

$2.0M$1.5M$1.0M$500K$0Assets 2011: $988,505Liabilities 2011: $0Net Assets 2011: $988,5052011Assets 2012: $1,074,845Liabilities 2012: $7,350Net Assets 2012: $1,067,4952012Assets 2013: $1,182,711Liabilities 2013: $6,500Net Assets 2013: $1,176,2112013Assets 2014: $1,199,172Liabilities 2014: $5,840Net Assets 2014: $1,193,3322014Assets 2015: $1,137,679Liabilities 2015: $10,310Net Assets 2015: $1,127,3692015Assets 2016: $1,187,024Liabilities 2016: $9,690Net Assets 2016: $1,177,3342016Assets 2017: $1,297,784Liabilities 2017: $10,590Net Assets 2017: $1,287,1942017Assets 2018: $1,228,091Liabilities 2018: $10,650Net Assets 2018: $1,217,4412018Assets 2019: $1,565,041Liabilities 2019: $3,600Net Assets 2019: $1,561,4412019Assets 2020: $1,698,560Liabilities 2020: $8,817Net Assets 2020: $1,689,7432020Assets 2021: $1,875,759Liabilities 2021: $12,825Net Assets 2021: $1,862,9342021Assets 2022: $1,505,126Liabilities 2022: $15,610Net Assets 2022: $1,489,5162022Assets 2023: $1,854,040Liabilities 2023: $117,131Net Assets 2023: $1,736,9092023Assets 2024: $1,977,869Liabilities 2024: $32,636Net Assets 2024: $1,945,2332024

Highlighted filing

2020

Assets$1,698,560
Liabilities$8,817
Net Assets$1,689,743
Open 2020 Filing

Operations Trend

Revenue Growth81st percentile

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

$400K$200K$0-$200KRevenue 2011: $33,198Expenses 2011: $95,252Net Income 2011: -$62,0542011Revenue 2012: $181,326Expenses 2012: $102,336Net Income 2012: $78,9902012Revenue 2013: $218,541Expenses 2013: $109,825Net Income 2013: $108,7162013Revenue 2014: $134,110Expenses 2014: $117,649Net Income 2014: $16,4612014Revenue 2015: $48,203Expenses 2015: $114,029Net Income 2015: -$65,8262015Revenue 2016: $156,151Expenses 2016: $106,186Net Income 2016: $49,9652016Revenue 2017: $217,784Expenses 2017: $107,925Net Income 2017: $109,8592017Revenue 2018: $36,558Expenses 2018: $107,511Net Income 2018: -$70,9532018Revenue 2019: $135,380Expenses 2019: $107,113Net Income 2019: $28,2672019Revenue 2020: $176,952Expenses 2020: $218,969Net Income 2020: -$42,0172020Revenue 2021: $202,920Expenses 2021: $214,882Net Income 2021: -$11,9622021Revenue 2022: $184,691Expenses 2022: $204,011Net Income 2022: -$19,3202022Revenue 2023: $243,444Expenses 2023: $226,758Net Income 2023: $16,6862023Revenue 2024: $367,977Expenses 2024: $271,995Net Income 2024: $95,9822024

Highlighted filing

2020

Revenue$176,952
Expenses$218,969
Net Income-$42,017
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 15, 2021
Return Version
2020v4.1
Gross Receipts
$201,600
Mission and Program Overview

Mission

To support and promote educational programs in Independent School District 152 and provide scholarships and financial aid for post secondary education.

To support and promote educational programs in Independent School District 152.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$1,354,141$1,503,106▲ $148,965
Savings and Temporary Cash Investments$86,564$100,793▲ $14,229
Cash and Non-Interest-Bearing Accounts$117,090$70,285▼ $46,805
Pledges and Grants Receivable$7,246$2,446▼ $4,800
Total Assets$1,565,041$1,698,560▲ $133,519
Other Assets Total$0$21,930▲ $21,930
Liabilities
Grants Payable$3,600$7,550▲ $3,950
Accounts Payable and Accrued Expenses-$1,267-
Total Liabilities$3,600$8,817▲ $5,217
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$952,135$1,017,262▲ $65,127
Net Assets With Donor Restrictions$609,306$672,481▲ $63,175
Total Net Assets Fund Balance$1,561,441$1,689,743▲ $128,302
Total Liabilities and Net Assets / Fund Balance$1,565,041$1,698,560▲ $133,519

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2020-$21,930--$21,930
Compensation and Service Providers
Top Officer Pay37th percentile

Board Members and Trustees

NameTitle
Janelle LeisethPresident
Lisa StaigerVice President
Anthony EddlestonBoard Member
Brandon LunakBoard Member
Cassidy BjorklundBoard Member
Kenneth RossonBoard Member
Mark RiceBoard Member
Trenton GeradsBoard Member
Jerry ArnesonBoard Member (Jan-Jun)
Lisa BorgenBoard Member (Jan-Jun)
Rob ByeBoard Member (Jan-Jun)
Karl StumoBoard Member (Jul-Dec)
Katherine HalvorsonBoard Member (Jul-Dec)
Heidi GregoireSecretary
Peter LarsonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$151,842
Program Service Revenue
$0
Investment Income
$34,355
Other Revenue
$-9,245
All Other Contributions
$114,828
Change in Net Assets
$-42,017
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$176,669
Other Expenses$42,300
Total Fundraising Expense$5,244
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$112,450--$112,450
Grants to Domestic Orgs$64,219--$64,219
Fees for Services Other-$15,371-$15,371
Fees for Service Investment Mgmnt Fees-$10,615-$10,615
Fees for Services Accounting-$3,900-$3,900
Advertising$3,174--$3,174
Insurance-$1,601-$1,601
Office Expenses-$1,377-$1,377
Other Expenses$803-$5,244$803
Information Technology-$190-$190
All Other Expenses-$25-$25
Total Functional Expenses$180,646$33,079$5,244$218,969
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Independent School District 152Moorhead, MNIsd 152Educator Grants$42,151
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$24,648
Fundraising Gross Income$15,403
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Gala$32,082$15,403$9,245$6,158
Total Events$32,082$15,403$24,648$-9,245
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
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
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 1

“The executive committee shall consist of the officers of the board. The executive committee shall have the authority to conduct all busienss between board meetings.”

Form 990, Part VI, Section A, line 7A

“Pitsenbarger Family has the authority to appoint one member to the board; no one was appointed in 2020.”

Form 990, Part VI, Section B, line 11B

“The Treasurer and Board Members were provided a copy of the Form 990 prior to the filing of the return.”

Form 990, Part VI, Section B, line 12C

“The board reviews and determines if conflicts exist with a board member. The board is responsible for monitoring its members and the board in regards to this policy. If needed, they will seek legal consultation. If a conflict is determined that individual will abstain from voting.”

Form 990, Part VI, Section C, line 19

“The governing documents, conflict of interest policy, and financial statements are available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Moorhead Legacy Education Foundation
EIN
41-1689598
Phone
7012617012
Address
PO Box 1006, Moorhead, MN 56561-1006

Signing Officer

Name
Peter Larson
Title
Treasurer
Phone
7012617012
Signed
2021-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Janelle Leiseth
Formed
1990
Legal Domicile
Mn
Voting Board Members
12
Independent Board Members
12
Employees
0
Volunteers
40

Preparer

Firm
Eide Bailly LLP
Address
1730 Burnt Boat Loop Ste 100, Bismarck, ND 58503-0886
Preparer
Lisa Chaffee CPA
Phone
7012551091
Supplemental Narrative

Additional Explanations

Form 990, Part III, line 2

“The organization added two new programs related to their exempt purpose: Food for Thought and the History Wall.”

Financial Statement Notes

Part V, Line 4:

“In April of 2020 the Legacy Foundation established an endowment fund with the FM Area Foundation and donated $21,930 to that endowment.”

Raw XML AppendixShowing 400 of 488 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt01267
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0To support and promote educational programs in Independent School District 152.
IRS990/AdvertisingGrp/ProgramServicesAmt03174
IRS990/AdvertisingGrp/TotalAmt03174
IRS990/AllOtherContributionsAmt0114828
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt025
IRS990/AllOtherExpensesGrp/TotalAmt025
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0Peter Larson
IRS990/BooksInCareOfDetail/PhoneNum07012617012
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt02110 8th St SO
IRS990/BooksInCareOfDetail/USAddress/CityNm0Moorhead
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MN
IRS990/BooksInCareOfDetail/USAddress/ZIPCd056560
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt0117090
IRS990/CashNonInterestBearingGrp/EOYAmt070285
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/ContriRptFundraisingEventAmt016679
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0151842
IRS990/CYGrantsAndSimilarPaidAmt0176669
IRS990/CYInvestmentIncomeAmt034355
IRS990/CYOtherExpensesAmt042300
IRS990/CYOtherRevenueAmt0-9245
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt0-42017
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt0218969
IRS990/CYTotalFundraisingExpenseAmt05244
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0176952
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/Desc0The Moorhead Legacy Education Foundation is a non-profit organization that enhances the educational experience and activities of all students in the Moorhead Area Public Schools. Our programs include: Food for Thought, providing milk and snack for students in need; SpudScholars, providing scholarships for graduating MHS students to further their education; Spud Teacher Impact Grants, providing funding for innovative classroom projects; and Spud History, preserving the history of Moorhead Schools in our community.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd00
IRS990/DonorAdvisedFundInd00
IRS990/DonorRestrictionNetAssetsGrp/BOYAmt0609306
IRS990/DonorRestrictionNetAssetsGrp/EOYAmt0672481
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd01
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt0138495
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt03900
IRS990/FeesForServicesAccountingGrp/TotalAmt03900
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt015371
IRS990/FeesForServicesOtherGrp/TotalAmt015371
IRS990/FeesForSrvcInvstMgmntFeesGrp/ManagementAndGeneralAmt010615
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt010615
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt02.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt30.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt40.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt50.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt60.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt70.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt80.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt90.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt101.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt110.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt120.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt130.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt140.50
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd9X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd10X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd11X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd12X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd13X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd14X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt110
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt120
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt130
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt140
IRS990/Form990PartVIISectionAGrp/PersonNm0Janelle Leiseth
IRS990/Form990PartVIISectionAGrp/PersonNm1Lisa Staiger
IRS990/Form990PartVIISectionAGrp/PersonNm2Heidi Gregoire
IRS990/Form990PartVIISectionAGrp/PersonNm3Peter Larson
IRS990/Form990PartVIISectionAGrp/PersonNm4Anthony Eddleston
IRS990/Form990PartVIISectionAGrp/PersonNm5Trenton Gerads
IRS990/Form990PartVIISectionAGrp/PersonNm6Katherine Halvorson
IRS990/Form990PartVIISectionAGrp/PersonNm7Mark Rice
IRS990/Form990PartVIISectionAGrp/PersonNm8Kenneth Rosson
IRS990/Form990PartVIISectionAGrp/PersonNm9Karl Stumo
IRS990/Form990PartVIISectionAGrp/PersonNm10Jerry Arneson
IRS990/Form990PartVIISectionAGrp/PersonNm11Lisa Borgen
IRS990/Form990PartVIISectionAGrp/PersonNm12Rob Bye
IRS990/Form990PartVIISectionAGrp/PersonNm13Cassidy Bjorklund
IRS990/Form990PartVIISectionAGrp/PersonNm14Brandon Lunak
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/TitleTxt0President
IRS990/Form990PartVIISectionAGrp/TitleTxt1Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt2Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt3Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt4Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt5Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt6Board Member (Jul-Dec)
IRS990/Form990PartVIISectionAGrp/TitleTxt7Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt8Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt9Board Member (Jul-Dec)
IRS990/Form990PartVIISectionAGrp/TitleTxt10Board Member (Jan-Jun)
IRS990/Form990PartVIISectionAGrp/TitleTxt11Board Member (Jan-Jun)
IRS990/Form990PartVIISectionAGrp/TitleTxt12Board Member (Jan-Jun)
IRS990/Form990PartVIISectionAGrp/TitleTxt13Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt14Board Member
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01990
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedInd00
IRS990/FundraisingActivitiesInd01
IRS990/FundraisingAmt016679
IRS990/FundraisingDirectExpensesAmt024648
IRS990/FundraisingGrossIncomeAmt015403
IRS990/GainOrLossGrp/SecuritiesAmt07038
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt012
IRS990/GovernmentGrantsAmt020335
IRS990/GrantAmt0134518
IRS990/GrantsPayableGrp/BOYAmt03600
IRS990/GrantsPayableGrp/EOYAmt07550
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt0112450
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt0112450
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt064219
IRS990/GrantsToDomesticOrgsGrp/TotalAmt064219
IRS990/GrantsToIndividualsInd01
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt07038
IRS990/GrossReceiptsAmt0201600
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt012
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt0190
IRS990/InformationTechnologyGrp/TotalAmt0190
IRS990/InsuranceGrp/ManagementAndGeneralAmt01601
IRS990/InsuranceGrp/TotalAmt01601
IRS990/InvestmentIncomeGrp/ExclusionAmt027317
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt027317
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt01354141
IRS990/InvestmentsPubTradedSecGrp/EOYAmt01503106
IRS990/IRPDocumentCnt02
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0MN
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt00
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0To support and promote educational programs in Independent School District 152 and provide scholarships and financial aid for post secondary education.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt01561441
IRS990/NetAssetsOrFundBalancesEOYAmt01689743
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt07038
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt07038
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt0-9245
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0-9245
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0170319
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0952135
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt01017262
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt01377
IRS990/OfficeExpensesGrp/TotalAmt01377
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt00
IRS990/OtherAssetsTotalGrp/EOYAmt021930
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0Indirect Special Event
IRS990/OtherExpensesGrp/Desc1Postage
IRS990/OtherExpensesGrp/FundraisingAmt05244
IRS990/OtherExpensesGrp/ProgramServicesAmt0803
IRS990/OtherExpensesGrp/TotalAmt05244
IRS990/OtherExpensesGrp/TotalAmt1803
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt07246
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt02446
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0Janelle Leiseth
IRS990/ProfessionalFundraisingInd00
IRS990/ProgSrvcAccomActy2Grp/Desc0Program development grants awarded to Moorhead Public School District educators who apply for funds to enhance their programs when the items cannot be funded with district funds.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt042151
IRS990/ProgSrvcAccomActy2Grp/GrantAmt042151
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0102718
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt088020
IRS990/PYInvestmentIncomeAmt034116
IRS990/PYOtherExpensesAmt019093
IRS990/PYOtherRevenueAmt0-1454
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt028267
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0107113
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0135380
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-42017
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt086564
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0100793
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0151842
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0102718
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt093310
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt053210
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt067247
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0468327
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearAmt04000
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearMinus1YearAmt04000
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearMinus2YearsAmt03000
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearMinus3YearsAmt03000
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearMinus4YearsAmt01200
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt015200
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt027317
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt030642
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt025562
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt023411
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt088904
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0195836
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.51560
IRS990ScheduleA/PublicSupportPY170Pct00.45950
IRS990ScheduleA/PublicSupportTotal170Amt0350309
IRS990ScheduleA/SubstantialContributorsTotAmt0133218
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0155842
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0106718
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt096310
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt056210
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt068447
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0483527
IRS990ScheduleA/TotalSupportAmt0679363
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/ContributionsAmt021930
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt021930
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd01
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.00000
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0In April of 2020 the Legacy Foundation established an endowment fund with the FM Area Foundation and donated $21,930 to that endowment.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part V, Line 4:
IRS990ScheduleD/TermEndowmentBalanceEOYPct00.00000
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt016679
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt016679
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt024648
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentEvent1Amt08244
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentTotalEventsAmt08244
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0Gala
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt032082
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt032082
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt015403
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt015403
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0-9245
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt09245
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt09245
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent1Amt07159
IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsTotalEventsAmt07159
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt0108550
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt13900
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0Scholarships
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt1Gift Cards
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceDesc0Gift cards given out by the Counseling Department at Moorhead Public Schools
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt098
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt178
IRS990ScheduleI/RecipientTable/CashGrantAmt042151
IRS990ScheduleI/RecipientTable/IRCSectionDesc0ISD 152
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0Educator Grants
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0Independent School District 152
IRS990ScheduleI/RecipientTable/RecipientEIN0416008721
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt02410 14th St SO
IRS990ScheduleI/RecipientTable/USAddress/CityNm0Moorhead
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0MN
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd056560
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0Educator grants are based on applications received from Instructors in ISD 152 that are reviewed by the board and paid out based on funds available. Checks are writen to the school district that monitors how grants are spent. Scholarships are issued based on applications received that are ranked by the board and amounts are determined based on ranking scores and any designators made by contributors such as location of school, area of study and two year or four year program.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Part I, Line 2:
IRS990ScheduleI/Total501c3OrgCnt01
IRS990ScheduleI/TotalOtherOrgCnt00
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The organization added two new programs related to their exempt purpose: Food for Thought and the History Wall.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The executive committee shall consist of the officers of the board. The executive committee shall have the authority to conduct all busienss between board meetings.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Pitsenbarger Family has the authority to appoint one member to the board; no one was appointed in 2020.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The Treasurer and Board Members were provided a copy of the Form 990 prior to the filing of the return.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The board reviews and determines if conflicts exist with a board member. The board is responsible for monitoring its members and the board in regards to this policy. If needed, they will seek legal consultation. If a conflict is determined that individual will abstain from voting.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5The governing documents, conflict of interest policy, and financial statements are available to the public upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part III, line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section A, line 1

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,698,560
Liabilities
$8,817
Net assets
$1,689,743
Revenue
$176,952
Expenses
$218,969
Net income
-$42,017
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.98$0.03$1.95$0.37$0.27$0.10
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.85$0.12$1.74$0.24$0.23$0.02
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.51$0.02$1.49$0.18$0.20$0.02
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.88$0.01$1.86$0.20$0.21$0.01
2020Detailed filing. Detailed filing data is available for this year.$1.70$0.01$1.69$0.18$0.22$0.04
2019Summary only. Only limited summary data is available for this year.$1.57$0.00$1.56$0.14$0.11$0.03
2018Summary only. Only limited summary data is available for this year.$1.23$0.01$1.22$0.04$0.11$0.07
2017Summary only. Only limited summary data is available for this year.$1.30$0.01$1.29$0.22$0.11$0.11
2016Summary only. Only limited summary data is available for this year.$1.19$0.01$1.18$0.16$0.11$0.05
2015Summary only. Only limited summary data is available for this year.$1.14$0.01$1.13$0.05$0.11$0.07
2014Summary only. Only limited summary data is available for this year.$1.20$0.01$1.19$0.13$0.12$0.02
2013Summary only. Only limited summary data is available for this year.$1.18$0.01$1.18$0.22$0.11$0.11
2012Summary only. Only limited summary data is available for this year.$1.07$0.01$1.07$0.18$0.10$0.08
2011Summary only. Only limited summary data is available for this year.$0.99$0.00$0.99$0.03$0.10$0.06