2024-09-12T14:57:06-05:00 2024-06-30 410746749 CLIFTONLARSONALLEN LLP 220 S 6TH STREET SUITE 300 MINNEAPOLIS MN 55402 990 2023-07-01 411569085 MINNETONKA PUBLIC SCHOOLS FOUNDATION MINN 9524015040 5621 COUNTY ROAD 101 MINNETONKA MN 55345 BRIAN LANDE BOARD TREASURER 9524015040 2024-09-11 1 0 HEIDI TATRO P01591796 6123764500 2024-09-11 2023 2024-08-08 14:25:15Z BRIAN LANDE 5621 COUNTY ROAD 101 MINNETONKA MN 55345 715474 0 X WWW.MINNETONKAFOUNDATION.COM X 1986 MN TO SECURE COMMUNITY RESOURCES WHICH SUPPORT INNOVATIVE PROGRAMS FOR ALL MINNETONKA PUBLIC SCHOOLS. 19 19 2 42 0 0 321217 317995 0 0 30758 65421 -7923 -13008 344052 370408 325193 223581 0 0 98761 102593 0 0 55378 45473 62234 469427 388408 -125375 -18000 1649798 1714989 118378 41682 1531420 1673307 TO RAISE AND ALLOCATE FUNDS TO INITIATE AND SUPPORT INNOVATIVE EDUCATIONAL PROGRAMS THAT ENRICH THE LEARNING EXPERIENCES OF ALL STUDENTS SERVED BY THE MINNETONKA PUBLIC SCHOOLS. 0 0 161151 134124 0 TEACHER GRANT PROGRAM: THE TEACHER GRANT PROGRAM PLAYS A CRITICAL ROLE IN FOSTERING ACADEMIC INNOVATION IN OUR DISTRICT'S CLASSROOMS. EACH YEAR, MINNETONKA TEACHERS SUBMIT GRANT REQUESTS FOR CREATIVE, EDUCATIONAL IDEAS AND PROGRAMS THEY WOULD LIKE TO IMPLEMENT FOR THEIR STUDENTS. FUNDRAISING FOR THE TEACHER GRANT PROGRAM INCLUDES A COMMUNITY WIDE APPEAL EACH FALL, AS WELL AS TWO SPECIAL APPEALS TO HONOR MINNETONKA TEACHER AND STAFF MEMBERS IN DECEMBER AND MAY. 77809 77809 52413 BOARD DESIGNATED ENDOWMENT PROGRAM: THE BOARD DESIGNATED ENDOWMENT SUPPORTS EDUCATIONAL INITIATIVES THAT REQUIRE ONGOING FUNDING OR LARGER SUMS THAT CANNOT BE SUPPORTED BY THE ANNUAL TEACHER GRANT PROGRAM. THE BOARD DESIGNATED ENDOWMENT IS MANAGED BY A PROFESSIONAL INVESTMENT FIRM IN ACCORDANCE WITH STRICT INVESTMENT PRINCIPLES IDENTIFIED IN THE FOUNDATION'S BY-LAWS. DREAM MAKERS IS AN ANNUAL COMMUNITY EVENT WHICH RAISES FUNDS PRIMARILY IN SUPPORT OF THE ENDOWMENT. 11648 11648 0 SCHOLARSHIPS AND AWARDS: THE FOUNDATION ACCEPTS DONATIONS TO SUPPORT STUDENT SCHOLARSHIPS, SPECIFIC NEW PROGRAMS FOR THE SCHOOL DISTRICT AND OTHER AWARDS TO ACKNOWLEDGE TEACHER ACHIEVEMENT. EACH OF THESE FUNDS HAVE THEIR OWN FUND DOCUMENT AND ARE VOTED ON BY BOARD TRUSTEES. FUNDING TYPICALLY COMES FROM A SPECIFIC DONOR WHO WANTS TO START A FUND FOR A SPECIAL PURPOSE. 250608 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 2 0 1 2 1 0 0 0 0 0 0 0 0 0 0 0 0 X 19 19 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 1 0 0 MN X X JILL HOWE 9524015040 5621 COUNTY ROAD 101 MINNETONKA MN 55345 AMY GRADY CHAIR 1.00 X X 0 0 0 TROON DOWDS VICE-CHAIR 1.00 X X 0 0 0 RENA' DRAGSETH SECRETARY 1.00 X X 0 0 0 BRIAN LANDE TREASURER 1.00 X X 0 0 0 TIM BYRNE TRUSTEE 1.00 X 0 0 0 REBECCA CHOU TRUSTEE 1.00 X 0 0 0 JON FAHNING TRUSTEE 1.00 X 0 0 0 LAURA FOOTE TRUSTEE 1.00 X 0 0 0 JAMIE HANSEN TRUSTEE 1.00 X 0 0 0 JENNY HUANG TRUSTEE 1.00 X 0 0 0 DEIRDRE KELLER TRUSTEE 1.00 X 0 0 0 MAGGIE KIRCHOFF TRUSTEE 1.00 X 0 0 0 HEATHER MARKERT TRUSTEE 1.00 X 0 0 0 JENNIFER ROBINSON TRUSTEE 1.00 X 0 0 0 WES STRAIT TRUSTEE 1.00 X 0 0 0 ROBYN THOMAS TRUSTEE 1.00 X 0 0 0 ABBY WALLIN TRUSTEE 1.00 X 0 0 0 SABRINA WIXO TRUSTEE 1.00 X 0 0 0 ROB WOLTER TRUSTEE 1.00 X 0 0 0 JILL HOWE EXECUTIVE DIRECTOR 30.00 X 66517 0 0 66517 0 0 0 0 0 0 0 258959 59036 86948 317995 37828 37828 304550 276957 27593 27593 27593 55101 258959 68109 -13008 -13008 370408 0 0 52413 223581 223581 75323 15065 30129 30129 21837 7094 6008 8735 5433 1087 2173 2173 13903 13903 9478 9478 1628 1628 2085 2085 15307 3061 6123 6123 3600 720 1440 1440 4380 4380 2908 2908 OTHER EVENT EXPENSES 6276 6276 MISCELLANEOUS 1985 1985 POSTAGE AND PRINTING 684 182 502 388408 250608 82422 55378 7200 12988 40456 83953 14373 12075 1587769 1605973 1649798 1714989 1187 1682 117191 40000 118378 41682 X 1434539 1562424 96881 110883 1531420 1673307 1649798 1714989 -18000 159887 0 X 1 X 0 1 0 X 223769 243385 264111 321217 317995 1370477 223769 243385 264111 321217 317995 1370477 1370477 34720 31320 49167 34611 37828 187646 1558123 121366 0.87960 0.87460 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1203175 3608 179364 81422 1304725 1283991 500 143449 224765 1203175 1544965 500 -196218 65256 1283991 1171652 2200 376098 4985 1544965 1253618 550 60365 142911 1171652 1.00000 0.00000 0.00000 0 0 0 AWARD PAYABLE 40000 40000 X PART V, LINE 4: TO PROVIDE SUPPORT TO LONG-TERM, BROAD IMPACT, FOUNDATION BOARD DESIGNATED PROGRAMMING PART X, LINE 2: THE FOUNDATION QUALIFIES AS A TAX-EXEMPT ORGANIZATION DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. ACCORDINGLY, THE FOUNDATION IS NOT SUBJECT TO FEDERAL INCOME TAXES UNDER SECTION 501(A) OF THE CODE. THE FOUNDATION FOLLOWS THE STANDARD FOR UNCERTAIN TAX POSITIONS THAT CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN AN ORGANIZATION'S FINANCIAL STATEMENTS. THE POLICY PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT PRINCIPLES FOR THE FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN ON A TAX RETURN THAT ARE NOT CERTAIN TO BE REALIZED. THE FOUNDATION IS NOT AWARE OF ANY UNCERTAIN POSITIONS TAKEN IN THEIR OPERATIONS. THE FOUNDATION'S TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL, STATE AND LOCAL AUTHORITIES. DREAM MAKERS DINNER 314060 258959 55101 1772 8373 31939 5350 20675 314060 258959 55101 1772 8373 31939 5350 20675 68109 -13008 1 MINNETONKA PUBLIC SCHOOLS 5621 COUNTY ROAD 101 MINNETONKA MN 55345 416001402 223581 0 FMV NA EDUCATIONAL GRANT/AWARD 0 1 PART I, LINE 2: GRANT APPLICATIONS ARE EVALUATED BASED ON THE FOLLOWING CRITERIA: (1) NEED FOR THE PROJECT; (2) NUMBER OF STUDENTS IMPACTED; (3) INNOVATION, ENRICHMENT AND CREATIVITY; (4) DEVELOPMENT OF LEARNING OPPORTUNITIES NOT POSSIBLE WITHIN NORMAL BUDGETS; (5) START-UP FUNDING AND SHELF LIFE VERSUS ON-GOING FUNDING REQUIREMENTS; AND (6) EVALUATION OF GRANT OBJECTIVES. GRANT APPLICANTS ARE REQUIRED TO SUBMIT A DETAILED BUDGET OF ALL EXPENSES ASSOCIATED WITH THE REQUEST. PART III, COLUMN (B): 2 GRADE LEVELS AT ALL ELEMENTARY SCHOOLS IN THE DISTRICT FOR THE CURRENT YEAR. THESE RESOURCES WILL BE USED FOR FUTURE GRADE LEVELS AS WELL BUT THIS WAS NOT FACTORED IN TO THE CALCULATION. ESTIMATION IS BASED ON THE CURRENT ENROLLMENT OF THE DISTRICT. THIS RESOURCE IS UNLIMITED IN ITS USE. X AUCTION ITEMS 145 65741 COST & FACE VALUE X GIFT CARDS 114 18811 COST & FACE VALUE X TICKETS FOR SHOWS 12 2326 COST & FACE VALUE X RECEPTION FOOD 2 70 COST & FACE VALUE 0 0 0 FORM 990, PART VI, SECTION A, LINE 8B THE ORGANIZATION DOES NOT HAVE ANY COMMITTEES THAT HAVE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY FORM 990, PART VI, SECTION B, LINE 11B THE PREPARED FORM 990 IS REVIEWED BY THE TREASURER, FINANCIAL COMMITTEE AND THE ENTIRE BOARD. A COPY OF THE FILING IS PROVIDED TO THE THESE MEMBERS AND DISCUSSED DURING THE APPROPRIATE MEETING. THE EXECUTIVE COMMITTEE, EXECUTIVE DIRECTOR AND FINANCE COMMITTEE WILL REVIEW BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 15A THE EXECUTIVE COMMITTEE REVIEWS COMPENSATION OF THE FOUNDATION EMPLOYEES. THE BOARD OF TRUSTEES THEN REVIEWS THE RECOMMENDATIONS, DISCUSSES AND VOTES ON ANY CHANGES OR ADDITIONS. THE TRUSTEES DISCUSS COMPARATIVE SALARY RANGES COMPS USING INFORMATION FROM OTHER NON-PROFIT BOARDS THEY ARE A PART OF AS WELL AS THE PREVIOUS MPSF ED'S SALARY LEVEL FOR COMPARISON PURPOSES. THE EXECUTIVE COMMITTEE PUTS TOGETHER A DOCUMENTED RECOMMENDATION AND PRESENTS IT TO THE WHOLE BOARD FOR DISCUSSION. THAT DISCUSSION IS DONE BEHIND CLOSED DOORS BUT RECORDED IN THE MINUTES. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2024. FORM 990, PART VI, SECTION C, LINE 19 ON THE WEBSITE OR BY REQUEST