Civic Intelligence

Isd 88 Foundation Inc

990 • Fiscal year 2020 • EIN 45-5615797

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 02, 2021

Organization ProfileISD88FOUNDATION.ORG
PO Box 572New Ulm, MN 56073

(507) 233-8313

Siviq Scores

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

Liabilities / Assets

29th percentile

0.00x

Higher debt load relative to assets than 29% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Liabilities / Revenue

34th percentile

0.01x

Higher debt load relative to revenue than 34% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Net Margin

20th percentile

-14%

Higher net margin than 20% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Top Officer Pay

51st percentile

$0

Higher top officer pay than 51% of similar nonprofits.

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

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Asset Growth

43rd percentile

3.4%

Faster asset growth than 43% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Revenue Growth

7th percentile

-59%

Faster revenue growth than 7% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets29th percentile

Assets

Up

$501,440

Up $16,309 (+3.4%) from 2019

Net Assets

Up

$501,057

Up $16,319 (+3.4%) from 2019

Liabilities

Down

$383

Down $10 (-2.5%) from 2019

Revenue And Expenses
Liabilities / Revenue34th percentileNet Margin20th percentile

Revenue

Down

$49,810

Down $70,432 (-59%) from 2019

Expenses

Up

$56,895

Up $744 (+1.3%) from 2019

Net Income

Down

-$7,085

Down $71,176 (-111%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth43rd percentile

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

$800K$600K$400K$200K$0Assets 2014: $362,441Liabilities 2014: $0Net Assets 2014: $362,4412014Assets 2015: $655,850Liabilities 2015: $0Net Assets 2015: $655,8502015Assets 2016: $315,091Liabilities 2016: $520Net Assets 2016: $314,5712016Assets 2017: $344,845Liabilities 2017: $730Net Assets 2017: $344,1152017Assets 2018: $376,509Liabilities 2018: $701Net Assets 2018: $375,8082018Assets 2019: $485,131Liabilities 2019: $393Net Assets 2019: $484,7382019Assets 2020: $501,440Liabilities 2020: $383Net Assets 2020: $501,0572020Assets 2021: $686,301Liabilities 2021: $129,909Net Assets 2021: $556,3922021Assets 2022: $510,832Liabilities 2022: $8,642Net Assets 2022: $502,1902022Assets 2023: $597,533Liabilities 2023: $17,243Net Assets 2023: $580,2902023Assets 2024: $618,973Liabilities 2024: $3,558Net Assets 2024: $615,4152024

Highlighted filing

2020

Assets$501,440
Liabilities$383
Net Assets$501,057
Open 2020 Filing

Operations Trend

Revenue Growth7th percentile

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

$1.0M$500K$0-$500KRevenue 2014: $363,725Expenses 2014: $4,589Net Income 2014: $359,1362014Revenue 2015: $312,953Expenses 2015: $19,544Net Income 2015: $293,4092015Revenue 2016: $317,319Expenses 2016: $658,598Net Income 2016: -$341,2792016Revenue 2017: $391,683Expenses 2017: $362,601Net Income 2017: $29,0822017Revenue 2018: $203,241Expenses 2018: $170,139Net Income 2018: $33,1022018Revenue 2019: $120,242Expenses 2019: $56,151Net Income 2019: $64,0912019Revenue 2020: $49,810Expenses 2020: $56,895Net Income 2020: -$7,0852020Revenue 2021: $73,412Expenses 2021: $47,446Net Income 2021: $25,9662021Revenue 2022: $70,176Expenses 2022: $38,250Net Income 2022: $31,9262022Revenue 2023: $79,374Expenses 2023: $41,616Net Income 2023: $37,7582023Revenue 2024: $85,832Expenses 2024: $46,687Net Income 2024: $39,1452024

Highlighted filing

2020

Revenue$49,810
Expenses$56,895
Net Income-$7,085
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 2, 2021
Return Version
2020v4.0
Gross Receipts
$50,360
Mission and Program Overview

Mission

To enhance the quality of education in ISD 88 while creating partnerships between our schools, our communities, and alumni

To enhance the quality of education in isd 88 while creating partnerships between our schools, our communities and alumni.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Program Related$393,610$462,926▲ $69,316
Savings and Temporary Cash Investments$28,876$28,917▲ $41
Cash and Non-Interest-Bearing Accounts$62,250$9,202▼ $53,048
Total Assets$485,131$501,440▲ $16,309
Other Assets Total$395$395→ $0
Liabilities
Accounts Payable and Accrued Expenses$393$383▼ $10
Total Liabilities$393$383▼ $10
Net Assets / Fund Balance
Net Assets With Donor Restrictions$326,888$335,349▲ $8,461
Net Assets Without Donor Restrictions$157,850$165,708▲ $7,858
Total Net Assets Fund Balance$484,738$501,057▲ $16,319
Total Liabilities and Net Assets / Fund Balance$485,131$501,440▲ $16,309

Asset Categories

AssetBook ValueDepreciationBasis
Investment Program Related Org$462,926--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2020$393,610$38,000▲ $31,316--
2019$330,879$8,666▲ $54,065-$393,610
2018$304,203$21,773▲ $4,903-$330,879
2017$273,508$25,045▲ $5,651-$304,203
2016$218,248$50,307▲ $4,953-$273,508
Compensation and Service Providers
Top Officer Pay51st percentile

Board Members and Trustees

NameTitle
Abby SwensonPresident
Bill SteinkeDirector
Greg ThomasDirector
Jill CurryDirector
Jim PearsonDirector
Lisa BesesmerDirector
Mike BenzDirector
Nicole SchmiesingDirector
Ted SauersDirector
Tim KnaakDirector
Jacob HolmCo-treasurer
Mike LiebCo-treasurer
Jeff BertrangEx-officio
Amanda GroebnerSecretary
Shannon FrauenholzVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$40,240
Program Service Revenue
$0
Investment Income
$9,980
Other Revenue
$-410
All Other Contributions
$14,899
Change in Net Assets
$-7,085
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$21,831
Other Expenses$18,346
Total Fundraising Expense$16,843
Grants and Similar Amounts Paid$16,718
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$3,037$7,085$10,122$20,244
Grants to Domestic Orgs$16,718--$16,718
Fees for Services Accounting-$3,935-$3,935
Information Technology$500$500$2,759$3,759
Insurance$1,102$1,101$1,101$3,304
Fees for Service Investment Mgmnt Fees-$2,028-$2,028
Office Expenses$453$454$934$1,841
Payroll Taxes$238$555$794$1,587
Advertising--$716$716
Other Expenses$89$87$87$263
All Other Expenses$82$79$79$240
Interest-$16-$16
Total Functional Expenses$23,961$16,091$16,843$56,895
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Independent School District 88New Ulm, MN170c1See 990-part 3 Ln 4b$16,718
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$550
Fundraising Gross Income$140
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Eagles Extravag$20,765$140$550$-410
Total Events$20,765$140$550$-410
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
Yes
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, Page 6, Part VI, Line 11B

“A complete copy of the form 990 submission will be provided to the executive committee for review. Once satisfied with form 990, the executive committee will recommend to the entire board for approval. A vote by email will be taken prior to submission based on the executive committee's recommendation. Form 990 will be avaialable to the full board for review upon request.”

Form 990, Page 6, Part VI, Line 12C

“Board members are required to sign a new conflict of interest policy each year in january”

Form 990, Page 6, Part VI, Line 15A

“The board reviewed salaries from othe local non-profit executive directors to determine the pay”

Form 990, Page 6, Part VI, Line 19

“Currently, our bylaws are available on our website. All other documents are available upon request.”

Filing and Contact Details

Filer

Filer Name
Isd 88 Foundation Inc
EIN
45-5615797
Phone
5072338313
Address
PO BOX 572, NEW ULM, MN 56073

Signing Officer

Name
Mike Lieb
Title
Co-treasurer
Phone
5072338313
Signed
2021-11-02

Organization Details

Principal Officer
Mike Lieb
Formed
2012
Legal Domicile
Mn
Voting Board Members
16
Independent Board Members
16
Employees
1
Volunteers
30

Preparer

Firm
Roth Herzog & Associates Chtd
Address
201 N MINNESOTA ST, NEW ULM, MN 56073-1731
Preparer
Patrick J Herzog
Phone
5073547100
Supplemental Narrative

Financial Statement Notes

Schedule D, Page 2, Part V, Line 4

“The income from the endowment funds is to be used for the granting of funds to isd 88 for projects that enhance education. This is accomplished through a formal granting process.”

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IRS990/OfficeExpensesGrp/FundraisingAmt0934
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0454
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IRS990/OfficeExpensesGrp/TotalAmt01841
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0395
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IRS990/OtherExpensesGrp/Desc0SCHOLARSHIPS
IRS990/OtherExpensesGrp/Desc1DUES AND MEMBERSHIPS
IRS990/OtherExpensesGrp/Desc2COGS
IRS990/OtherExpensesGrp/Desc3MISCELLANEOUS
IRS990/OtherExpensesGrp/FundraisingAmt0251
IRS990/OtherExpensesGrp/FundraisingAmt187
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0251
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt187
IRS990/OtherExpensesGrp/ProgramServicesAmt01000
IRS990/OtherExpensesGrp/ProgramServicesAmt1260
IRS990/OtherExpensesGrp/ProgramServicesAmt2482
IRS990/OtherExpensesGrp/ProgramServicesAmt389
IRS990/OtherExpensesGrp/TotalAmt01000
IRS990/OtherExpensesGrp/TotalAmt1762
IRS990/OtherExpensesGrp/TotalAmt2482
IRS990/OtherExpensesGrp/TotalAmt3263
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt010122
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IRS990/OtherSalariesAndWagesGrp/TotalAmt020244
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt0794
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt0555
IRS990/PayrollTaxesGrp/ProgramServicesAmt0238
IRS990/PayrollTaxesGrp/TotalAmt01587
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0MIKE LIEB
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0104435
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt015000
IRS990/PYInvestmentIncomeAmt011113
IRS990/PYOtherExpensesAmt014101
IRS990/PYOtherRevenueAmt02049
IRS990/PYProgramServiceRevenueAmt02645
IRS990/PYRevenuesLessExpensesAmt064091
IRS990/PYSalariesCompEmpBnftPaidAmt027050
IRS990/PYTotalExpensesAmt056151
IRS990/PYTotalRevenueAmt0120242
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-7085
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0true
IRS990/SavingsAndTempCashInvstGrp/BOYAmt028876
IRS990/SavingsAndTempCashInvstGrp/EOYAmt028917
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0UNUSUAL GRANT NOT INCLUDED IN LINE 1: THE ISD FOUNDATION RECEIVED 200,000 FROM ONE FAMILY DURING EACH YEAR 2014, 2015 AND 2016, 300,000 IN 2017 AND 100,000 IN 2018 AS PART OF A COMMITMENT TO PROVIDE 1,000,000 TOWARDS A FINE ARTS CENTER FOR THE HIGH SCHOOL BUILDING PROJECT, TO BE FUNDED OVER A PERIOD OF 5 YEARS. THIS DONATION WAS UNUSUAL AND UNSOLICITED. THE DONATION SUPPORTS THE FOUNDATION'S MISSION TO ENHANCE EDUCATION.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SUPPLEMENTAL INFORMATION
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt040240
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0104435
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt089166
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt076824
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0107808
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0418473
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt09980
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt011113
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt09489
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt09623
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt08522
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt048727
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt027507
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.78870
IRS990ScheduleA/PublicSupportPY170Pct00.73640
IRS990ScheduleA/PublicSupportTotal170Amt0370924
IRS990ScheduleA/SubstantialContributorsTotAmt047549
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt040240
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0104435
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt089166
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt076824
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0107808
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0418473
IRS990ScheduleA/TotalSupportAmt0470321
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus1YearAmt01049
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus2YearsAmt0611
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus3YearsAmt01461
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt03121
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BoardDesignatedBalanceEOYPct00.05000
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt0393610
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt038000
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt031316
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt0330879
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt08666
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt0393610
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt054065
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt0304203
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt021773
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt0330879
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt04903
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt0273508
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt025045
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt0304203
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt05651
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt0218248
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt050307
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt0273508
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt04953
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd0false
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0false
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt0462926
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0BANK MIDWEST INVESTMENT PORTFOLIO
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0F
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.72000
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE INCOME FROM THE ENDOWMENT FUNDS IS TO BE USED FOR THE GRANTING OF FUNDS TO ISD 88 FOR PROJECTS THAT ENHANCE EDUCATION. THIS IS ACCOMPLISHED THROUGH A FORMAL GRANTING PROCESS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 2, PART V, LINE 4
IRS990ScheduleD/TermEndowmentBalanceEOYPct00.23000
IRS990ScheduleD/TotalBookValueProgramRltdAmt0462926
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt020625
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt020625
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt0550
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0EAGLES EXTRAVAG
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt020765
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt020765
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt0140
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt0140
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0-410
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt0550
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt0550
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/RecipientTable/CashGrantAmt016718
IRS990ScheduleI/RecipientTable/IRCSectionDesc0170C1
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0SEE 990-PART 3 LN 4B
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0INDEPENDENT SCHOOL DISTRICT 88
IRS990ScheduleI/RecipientTable/RecipientEIN0416000373
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0414 SOUTH PAYNE ST
IRS990ScheduleI/RecipientTable/USAddress/CityNm0NEW ULM
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0MN
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd056073
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE ANNUAL GRANTING PROCESS WILL BEGIN AND BE PUBLICIZED IN JANUARY OF EACH YEAR. INTERESTED PARTIES WILL COMPLETE A GRANT PROPOSAL/APPLICATION AND SUBMIT IT OT THE RESPECTIVE PRINCIPAL AND THE SUPERINTENDENT FOR CONSIDERATION. THE ADMINISTRATION WILL THEN SUBMIT THE PROPOSAL(S) TO THE FOUNDATION. THE PROPOSAL WILL INCLUDE A NARRATIVE DESCRIPTION OF THE PROPOSED PROJECT, A TIIMELINE FOR IMPLEMENTATION AND A DETAILED BUDGET. THE FOUNDATION WILL AWARD GRANTS ANNUALLY IN APRIL, WITH A SUBMISSION DEADLINE OF FEBRUARY 1ST TO THE BUILDING PRINCIPAL; FEBRUARY 15TH TO THE SUPERINTENDENT; AND MARCH 1ST TO THE FOUNDATION. A SUBCOMMITTEE OF THE FOUNDATION WILL REVIEW THE GRANT APPLICATIONS TO ENSURE THEY MEET OUR ESTABLISHED GUIDELINES: A) PROJECT MEETS THE FOUNDATION MISSION STATEMENT. B) PROGRAM OR ACTIVITY SHOULD GENERALLY SUPPLEMENT, NOT REPLACE, EXISTING PROGRAMS. C) CONSIDERATION WILL BE GIVEN TO PROPOSALS WITH THE BROADEST IMPACT. D) CONSIDERATION WILL BE GIVEN FOR PROGRAMS WHICH ARE INNOVATIVE AND CAN BE REPLICABLE. A FINAL REPORT WILL BE REQUIRED OF ALL GRANT RECIPIENTS. THE REPORT WILL INCLUDE A NARRATIVE DESCRIPTION OF THE IMPLEMENTATION OF THE GRANT, A FINAL ACCOUNTING OF HOW THE GRANT DOLLARS WERE SPENT, AND THE NUMBER OF STUDENTS IMPACTED. ISD 88 WILL ORDER AND PAY FOR THE PROJECT WITH THE FOUNDATION'S APPROVAL. THE FOUNDATION WILL THEN REIMBURSE ISD 88 FOR THE APPROVAL AMOUNT.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE I, PAGE 1, PART I, LINE 2
IRS990ScheduleI/Total501c3OrgCnt01
IRS990/ScheduleJRequiredInd0false

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$501,440
Liabilities
$383
Net assets
$501,057
Revenue
$49,810
Expenses
$56,895
Net income
-$7,085
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$6.19$0.04$6.15$0.86$0.47$0.39
2023Detailed filing. Detailed filing data is available for this year.$5.98$0.17$5.80$0.79$0.42$0.38
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.11$0.09$5.02$0.70$0.38$0.32
2021Detailed filing. Detailed filing data is available for this year.$6.86$1.30$5.56$0.73$0.47$0.26
2020Detailed filing. Detailed filing data is available for this year.$5.01$0.00$5.01$0.50$0.57$0.07
2019Detailed filing. Detailed filing data is available for this year.$4.85$0.00$4.85$1.20$0.56$0.64
2018Detailed filing. Detailed filing data is available for this year.$3.77$0.01$3.76$2.03$1.70$0.33
2017Detailed filing. Detailed filing data is available for this year.$3.45$0.01$3.44$3.92$3.63$0.29
2016Detailed filing. Detailed filing data is available for this year.$3.15$0.01$3.15$3.17$6.59$3.41
2015Detailed filing. Detailed filing data is available for this year.$6.56$0.00$6.56$3.13$0.20$2.93
2014Detailed filing. Detailed filing data is available for this year.$3.62$0.00$3.62$3.64$0.05$3.59