Fridley Schools Foundation in Fridley, Minnesota (MN)
Table of contents:
| Fridley Schools Foundation | |
| Employer Identification Number (EIN) | 411943227 |
| Name of Organization | Fridley Schools Foundation |
| In Care of Name | Gordon Backlund |
| Address | 6000 Moore Lake Dr W, Fridley, MN 55432-5601 |
| Subsection | Charitable Organization |
| Ruling Date | 12/1999 |
| Deductibility | Contributions are deductible |
| Foundation | Organization which receives a substantial part of its support from a governmental unit or the general public |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 06/2014 |
| Assets | $100,000 to $499,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $147,182 |
| Amount of Income | $156,700 |
| Form 990 Revenue Amount | $156,700 |
| National Taxonomy of Exempt Entities (NTEE) | Educational Institutions and Related Activities: Single Organization Support |
Non-representatives - add comments:
Amount of income in 2014: $156,700 (it was $174,766 in 2013)
| Fridley Schools Foundation: | $156,700 |
| Other organizations performing similar types of work: | $7,370,772 |
Assets in 2014: $147,182 (it was $160,136 in 2013)
| This organization: | $147,182 |
| Other organizations performing similar types of work: | $26,018,213 |
Expenses in 2014: $169,654
| This organization: | $169,654 |
| Other organizations performing similar types of work: | $2,570,274 |
Income to expenses ratio in 2014: 0.9
| Fridley Schools Foundation: | 0.9 |
| Other organizations performing similar types of work: | 2.5 |
Grants share in income in 2014: 99.4%
| Fridley Schools Foundation: | 99.4% |
| Other organizations performing similar types of work: | 27.0% |
Revenue for 2014
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2012 | 2013 | 2014 | |
|---|---|---|---|
| Total revenue | $120,989 | $174,766 | $156,700 |
| Contributions, gifts, grants, and similar amounts received | $120,751 | $172,720 | $155,816 |
| Program service revenue including government fees and contracts | $0 | $0 | $0 |
| Membership dues and assessments | $0 | $0 | $0 |
| Investment income | $4 | $84 | $67 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $0 | $0 | $0 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $234 | $1,962 | $817 |
| Total expenses | $79,715 | $191,997 | $169,654 |
| Total net assets | $177,367 | $160,136 | $147,182 |
| Excess/Deficit for the year | $41,274 | $-17,231 | $-12,954 |
| Net assets or fund balances at beginning of year | $136,093 | $177,367 | $160,136 |
| Other changes in net assets or fund balances | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $160,136 | $147,182 | |
| Balance Sheets | |||
| 2012 | 2013 | 2014 | |
|---|---|---|---|
| Total assets | $177,367 | $160,136 | $147,182 |
| Total liabilities | $0 | $0 | $0 |
| Net assets or fund balances | $177,367 | $160,136 | $147,182 |
| Other Information | |||
| 2012 | 2013 | 2014 | |
|---|---|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No | No | |
| Were any significant changes made to the organizing or governing documents? | No | No | |
| Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No | No | No |
| Has the organization filed a Form 990-T for the year? | No | No | |
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | No | |
| Amount of political expenditures, direct or indirect | $0 | $0 | |
| Did the organization file Form 1120-POL for this year? | No | No | |
| Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return? | No | No | |
| Total amount involved | $0 | $0 | |
| Initiation fees and capital contributions | $0 | $0 | $0 |
| Gross receipts for public use of club facilities | $0 | $0 | $0 |
| Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ? | No | No | |
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No | No | |
| Reason for Public Charity Status (for 2014) | |
| The organization is not a private foundation because it is: | An organization that normally receives: (1) more than 33 1/3 % of its support from contributions, membership fees, and gross receipts from activities related to its exempt functions - subject to certain exceptions, and (2) no more than 33 1/3 % of its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30, 1975 |
| Number of organizations supported | 0 |
| Sum of amounts of support | $0 |
| Support Schedule for Organizations Described in Section 509(a)(2) (for 2010 - 2014) | |
| 2010 - 2014 Total | |
|---|---|
| Public support | $668,689 |
| Subtotal | $668,689 |
| Gifts, grants, contributions, and membership fees received | $668,689 |
| Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose | $0 |
| Gross receipts from activities that are not an unrelated trade or business under section 513 | $0 |
| Tax revenues levied for the organization's benefit and either paid to or expended on its behalf | $0 |
| The value of services or facilities furnished by a governmental unit to the organization without charge | $0 |
| Less | $0 |
| Amounts received from disqualified persons | $0 |
| Amounts received from other than disqualified persons that exceed the greater of $5,000 or 1% of the total support | $0 |
| Total support | $671,861 |
| Public support | $668,689 |
| Subtotal | $334 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $334 |
| Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975 | $0 |
| Net income from unrelated business activities, whether or not the business is regularly carried on | $0 |
| Other income | $2,838 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | University Of Minnesota Foundation | 200 Oak St Se Ste 500, Minneapolis, MN 55455-2010 | MN | 1964-07 | $1,159,865,226 |
| 2 | Minnesota Medical Foundation | 200 Oak Street Se, Minneapolis, MN 55455-2009 | MN | 1939-12 | $277,923,488 |
| 3 | Minnesota State University Mankato Foundation Incorporated | 236 Wigley Administration Ctr, Mankato, MN 56001-6067 | MN | 1959-10 | $52,816,606 |
| 4 | Holl Trust A Macalester College | PO BOX 64713, Saint Paul, MN 55164-0713 | MN | 1999-12 | $29,759,642 |
| 5 | St Cloud State University Foundation Inc | 720 4th Ave S, Saint Cloud, MN 56301-4442 | MN | 1960-10 | $10,512,794 |
| 6 | Winona State University Foundation | PO BOX 5838, Winona, MN 55987-0838 | MN | 1971-02 | $8,248,953 |
| 7 | Southwest Minnesota State University Foundation Inc Smsu Fdn | Founders Hall 1501 State Street, Marshall, MN 56258 | MN | 1965-09 | $6,502,043 |
| 8 | University Gateway Corporation | 200 Oak Street Se, Minneapolis, MN 55455-2009 | MN | 1997-09 | $6,104,173 |
| 9 | Cathedral High School Education Foundation, Cath | 312 7th Ave N, Saint Cloud, MN 56303-3631 | MN | 1980-10 | $4,272,203 |
| 10 | Friends Of Education | Exo-01-A 200 East Lake Street, Wayzata, MN 55391-1690 | MN | 1999-08 | $1,021,902 |
| 11 | Friends Of Imagine International Academy Of North Texas | 5100 W Eldorado Parkway Ste 102-589, Mckinney, TX 75070 | TX | 2009-09 | $7,669,453 |
| 12 | Royal Arch Research Assistance Inc | PO BOX 128, Greenfield, IN 46140-0128 | IN | 1975-02 | $3,764,269 |
| 13 | University Metro Town Center Endowment Inc | 9201 University City Blvd, Charlotte, NC 28223-0001 | NC | 1982-11 | $1,563,501 |
| 14 | Fond Du Lac Area Catholic Education Foundation Inc | 255 County Road K, Fond Du Lac, WI 54937-8162 | WI | 2001-05 | $978,222 |
| 15 | Auld Public Library Foundation | 537 N Webster St, Red Cloud, NE 68970-2421 | NE | 1999-12 | $643,901 |
| 16 | Round Top Library Association Inc | PO BOX 245, Round Top, TX 78954-0245 | TX | 1999-10 | $221,005 |
| 17 | Uu World Of Children | 1135 State Park Rd, Greenville, SC 29609-1518 | SC | 2007-04 | $215,918 |
| 18 | Gandhi Medical College Global Alliance Inc | 540 Morningside Drive, Crown Point, IN 46307 | IN | 2006-04 | $149,058 |
| 19 | Raleigh Edison Charter School Parent Advisory Council, Raleigh Edison Charter School Parent Advisory Council Parent Advisory Council | 5905 Raleigh St, Duluth, MN 55807 | MN | 2000-08 | $0 |
| 20 | Synergy Residential Academy | 1301 7th Ave N, Minneapolis, MN 55411-3946 | MN | 1999-10 | $0 |
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| Total | 701 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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