Nonprofit · EIN 52-1612613
OWATONNA INDEPENDENT SCHOOL DISTRICT NO 761 FOUNDATION
Tax-exempt · OWATONNA, MN 55060
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $364,143 | $348,058 | $16,085 | $3,435,612 | $0 | $3,435,612 |
| December 31, 2023 | 990 | $408,034 | $364,679 | $43,355 | $3,478,982 | $0 | $3,478,982 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $183,921
- Program service revenue
- $0
- Investment income
- $180,222
- Net gain from sales of assets
- $49,535
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $330,713
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $6,460
- Program services (functional)
- $330,713
- Management and general (functional)
- $16,496
- Fundraising (functional)
- $849
Balance sheet and other
- Total assets, start of year
- $3,478,982
- Total assets, end of year
- $3,435,612
- Total liabilities, end of year
- $0
- Net assets, end of year
- $3,435,612
- Publicly traded securities
- $3,320,042
- Net assets with donor restrictions
- $3,435,612
- Gross receipts
- $639,346
- Employees
- 0
- Volunteers
- 13
- Year formed
- 1993
- 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.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LUCAS ARNDT | DIRECTOR Trustee or director | 1 | $0 |
| ELLEN DRAEGER CATTADORIS | DIRECTOR Trustee or director | 1 | $0 |
| SAMONA GRUBISH | DIRECTOR Trustee or director | 1 | $0 |
| MADELEINE HABERMAN | DIRECTOR Trustee or director | 1 | $0 |
| BARBARA JUDD | DIRECTOR Trustee or director | 1 | $0 |
| PAUL KNUTSON | DIRECTOR Trustee or director | 1 | $0 |
| SARA MCKAY | DIRECTOR Trustee or director | 1 | $0 |
| MARK SEBRING | DIRECTOR Trustee or director | 1 | $0 |
| MARY LARSON | SECRETARY Officer | 2 | $0 |
| BRUCE PAULSON | CHAIR Officer | 2 | $0 |
| NICOLE SCHULZ | ASST TREASUR Officer | 2 | $0 |
| GREG STROIK | TREASURER Officer | 2 | $0 |
| JANET MITTELSTADT TIPPETT | VICE CHAIR Officer | 2 | $0 |
990 for the year ended December 31, 2023: 13 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LUCAS ARNDT | DIRECTOR Trustee or director | 1 | $0 |
| ELLEN DRAEGER CATTADORIS | DIRECTOR Trustee or director | 1 | $0 |
| SAMONA GRUBISH | DIRECTOR Trustee or director | 1 | $0 |
| MADELEINE HABERMAN | DIRECTOR Trustee or director | 1 | $0 |
| BARBARA JUDD | DIRECTOR Trustee or director | 1 | $0 |
| PAUL KNUTSON | DIRECTOR Trustee or director | 1 | $0 |
| SARA MCKAY | DIRECTOR Trustee or director | 1 | $0 |
| MARK SEBRING | DIRECTOR Trustee or director | 1 | $0 |
| MARY LARSON | SECRETARY Officer | 1 | $0 |
| BRUCE PAULSON | CHAIR Officer | 1 | $0 |
| NICOLE SCHULZ | ASST TREASUR Officer | 1 | $0 |
| GREG STROIK | TREASURER Officer | 1 | $0 |
| JANET MITTELSTADT TIPPETT | VICE CHAIR Officer | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 333 E SCHOOL ST, OWATONNA, MN 55060-3024
- Principal officer (990 for 2024)
- NICOLE SCHULZ
- Signed the 990
- NICOLE SCHULZ, ASST TREASURER
- Phone
- (507) 444-8600
- Website
- WWW.761FOUNDATION.COM
- Return prepared by
- STRUSS CPAS PC
Mission
TO ADVANCE, SUPPORT, PROMOTE AND ADMINISTER ACTIVITIES WHICH ENHANCE AND AUGMENT PUBLIC EDUCATIONAL FACILITIES AND OPPORTUNITIES.
Program accomplishments
- SUPPORT VARIOUS EDUCATIONAL PROGRAMS AT OWATONNA PUBLIC SCHOOLS.Expenses $330,713 · grants $330,713
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 52-1612613
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization (509(a)(3))
- Donations deductible (Pub 78)
- Supporting organization of unknown type
- Exempt since
- 1993
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $3,435,612
- Income (IRS master file)
- $639,346
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $364,143 | $348,058 | $3,435,612 | XML |
| 990 | December 2023 | $408,034 | $364,679 | $3,478,982 | XML |
| 990 | December 2022 | $310,642 | $325,797 | $3,280,342 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | 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 52-1612613).
Questions about OWATONNA INDEPENDENT SCHOOL DISTRICT NO 761 FOUNDATION
- What is the EIN of OWATONNA INDEPENDENT SCHOOL DISTRICT NO 761 FOUNDATION?
- The employer identification number (EIN) of OWATONNA INDEPENDENT SCHOOL DISTRICT NO 761 FOUNDATION is 52-1612613.
- Is OWATONNA INDEPENDENT SCHOOL DISTRICT NO 761 FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1993.
- Are donations to OWATONNA INDEPENDENT SCHOOL DISTRICT NO 761 FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
- Which annual return does OWATONNA INDEPENDENT SCHOOL DISTRICT NO 761 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 OWATONNA INDEPENDENT SCHOOL DISTRICT NO 761 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 OWATONNA INDEPENDENT SCHOOL DISTRICT NO 761 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 OWATONNA INDEPENDENT SCHOOL DISTRICT NO 761 FOUNDATION?
- The 990 for the year ended December 31, 2024 names NICOLE SCHULZ.
- Who are the officers and directors of OWATONNA INDEPENDENT SCHOOL DISTRICT NO 761 FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 13 people; 0 received compensation from the organization.
- How much revenue does OWATONNA INDEPENDENT SCHOOL DISTRICT NO 761 FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $364,143, expenses of $348,058 and total assets of $3,435,612 at year end.
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