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Nonprofit · EIN 41-1689598

MOORHEAD AREA EDUCATION FOUNDATION

Tax-exempt · MOORHEAD, MN 56561

Financials

$243K$227K2023$368K$272K2024
Revenue Expenses · by fiscal year end
Financials of MOORHEAD AREA EDUCATION FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$367,977$271,995$95,982$1,977,869$32,636$1,945,233
December 31, 2023990$243,444$226,758$16,686$1,854,040$117,131$1,736,909
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$218,645
Program service revenue
$74,263
Investment income
$57,408
Net gain from sales of assets
$9,151
Net income from sales of inventory
$17,661
Other revenue
$17,661

Expenses

Grants and similar amounts paid
$200,697
Compensation of officers, directors and key employees
$12,000
Salaries, compensation and benefits (total)
$12,000
Professional fundraising fees
$0
Accounting fees
$5,913
Program services (functional)
$204,836
Management and general (functional)
$64,639
Fundraising (functional)
$2,520

Balance sheet and other

Total assets, start of year
$1,854,040
Total assets, end of year
$1,977,869
Total liabilities, end of year
$32,636
Net assets, end of year
$1,945,233
Publicly traded securities
$1,641,156
Net assets without donor restrictions
$1,921,939
Net assets with donor restrictions
$23,294
Gross receipts
$393,592
Employees
0
Volunteers
30
Year formed
1990
State of legal domicile
MN

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
Janelle LeisethExecutive Director
Officer
20$12,000
Katherine HalvorsonBoard Chair
Trustee or director, Officer
15$0
Julie WilsonBoard Vice Chair
Trustee or director, Officer
7.5$0
Mike McFeelySecretary
Trustee or director, Officer
2$0
Chad HansenTreasurer
Trustee or director, Officer
2$0
Tina ChristensonBoard Member (as of June 2024)
Trustee or director
4$0
Stephen AstrupBoard Member
Trustee or director
2$0
Monica PetersonBoard Member (as of June 2024)
Trustee or director
4$0
Charles FisherBoard Member
Trustee or director
2$0
Brett RathboneBoard Member (as of June 2024)
Trustee or director
2$0
Jana KasperBoard Member (as of June 2024)
Trustee or director
2$0
Mark RiceBoard Member
Trustee or director
2$0
Angie HomuthBoard Member
Trustee or director
2$0
990 for the year ended December 31, 2023: 14 people
NameTitleHours / weekCompensation
Janelle LeisethBoard Chair
Trustee or director, Officer
30$0
Katherine HalvorsonBoard Vice Chair
Trustee or director, Officer
15$0
Mike McFeelySecretary
Trustee or director, Officer
2$0
Karl StumoTreasurer (Through July 23)
Trustee or director, Officer
3$0
Chad HansenTreasurer (From Sept 23)
Trustee or director, Officer
3$0
Lisa StaigerPast Board Chair (Through June 23)
Trustee or director
3$0
Stephen AstrupBoard Member
Trustee or director
2$0
Alexandra BondyBoard Member
Trustee or director
5$0
Charles FisherBoard Member
Trustee or director
2$0
Marturo AlierBoard Member
Trustee or director
2$0
Sue EllingsonBoard Member (Through Oct 23)
Trustee or director
2$0
Julie WilsonBoard Member
Trustee or director
5$0
Mark RiceBoard Member
Trustee or director
2$0
Angie HomuthBoard Member
Trustee or director
2$0

Address and contacts

Address (IRS master file)
PO BOX 1006, MOORHEAD, MN 56561-1006
Principal officer (990 for 2024)
Janelle Leiseth, PO Box 1006, Moorhead, MN 565611006
Signed the 990
Katherine Halvorson, Board Chair
Phone
(701) 261-7012
Return prepared by
Eide Bailly LLP

Mission

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

990 for the year ended December 31, 2024

Program accomplishments

  • The 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 the following: Food for Thought, providing milk and snack for students in need; Spud Scholars, providing scholarships for graduating MHS students to further their education; Spud Impact Grants, providing funding for innovative classroom projects and other education activities; and Spud History, preserving the history of Moorhead Schools in our community.Spud Scholars - Since 1991, Spud Scholars has awarded over $2 Million in scholarships to 2,600+ Moorhead High graduates. These scholarships help ensure Spuds can pursue their goal of a college education. Scholarships are based on both need and merit.Food for Thought - MLEF is dedicated to supporting our Moorhead Schools. We provide milk and snack to students in need so they can learn at their greatest potential. $20 feeds one student for one month.Spuds TV MLEF, the Moorhead Area Public Schools and Spuds TV have joined in partnership for sponsor dollars that will help fund special projects for Moorhead Schools, including the district calendar. MLEF successfully sold Spud History Books, a 150-year summary of Moorhead Area Public Schools. Proceeds were designated to unrestricted income.Spud Impact - Spud Impact Grants fuel teacher and staff innovation projects and classroom activities that provide a rich and meaningful educational experience for students.Spud Impact - With a history spanning more than 140 years, the story of Moorhead Area Public Schools is detailed on a 50-foot-long historical timeline in the lobby of Horizon Middle School's Performing Arts Center. The history wall project was a joint program between Moorhead Area Public Schools and the Moorhead Schools Legacy Foundation.
    Expenses $204,836 · grants $200,697 · revenue $91,924

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
41-1689598
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1991
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B20Z)
Assets (IRS master file)
$1,977,869
Income (IRS master file)
$393,592

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$367,977$271,995$1,977,869XML
990December 2023$243,444$226,758$1,854,040XML
990December 2022$184,691$204,011$1,505,126IRS
990December 2021–––IRS
990December 2020–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 41-1689598).

Questions about MOORHEAD AREA EDUCATION FOUNDATION

What is the EIN of MOORHEAD AREA EDUCATION FOUNDATION?
The employer identification number (EIN) of MOORHEAD AREA EDUCATION FOUNDATION is 41-1689598.
Is MOORHEAD AREA EDUCATION FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1991.
Are donations to MOORHEAD AREA EDUCATION FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does MOORHEAD AREA EDUCATION FOUNDATION file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of MOORHEAD AREA EDUCATION FOUNDATION due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did MOORHEAD AREA EDUCATION FOUNDATION last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of MOORHEAD AREA EDUCATION FOUNDATION?
The 990 for the year ended December 31, 2024 names Janelle Leiseth.
Who are the officers and directors of MOORHEAD AREA EDUCATION FOUNDATION?
The 990 for the year ended December 31, 2024 lists 13 people; 1 received compensation from the organization, the highest $12,000 (Janelle Leiseth, Executive Director).
How much revenue does MOORHEAD AREA EDUCATION FOUNDATION have?
On its 990 for the year ended December 31, 2024 it reported revenue of $367,977, expenses of $271,995 and total assets of $1,977,869 at year end.

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