Nonprofit · EIN 20-0484389
ISD NO 197 EDUCATIONAL FOUNDATION
Tax-exempt · MENDOTA HTS, MN 55118
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $107,982 | $81,376 | $26,606 | $422,030 | $0 | $422,030 |
| December 31, 2024 | 990 | $99,971 | $80,845 | $19,126 | $371,320 | $0 | $371,320 |
| December 31, 2023 | 990 | $109,815 | $41,863 | $67,952 | $330,575 | $0 | $330,575 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $25,421
- Program service revenue
- $0
- Investment income
- $9,361
- Net income from fundraising events
- $64,286
- Net income from gaming
- $8,914
- Other revenue
- $73,200
Expenses
- Grants and similar amounts paid
- $77,014
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $2,250
- Program services (functional)
- $78,394
- Management and general (functional)
- $2,982
Balance sheet and other
- Total assets, start of year
- $371,320
- Total assets, end of year
- $422,030
- Total liabilities, end of year
- $0
- Net assets, end of year
- $422,030
- Publicly traded securities
- $212,869
- Net assets without donor restrictions
- $422,030
- Gross receipts
- $129,275
- Employees
- 0
- Volunteers
- 30
- Year formed
- 2003
- 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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| HEATHER ASHLEY | DIRECTOR Trustee or director | 1 | $0 |
| STEVEN ASHLEY | TREASURER Trustee or director, Officer | 2 | $0 |
| GREGG CUMMINGS | DIRECTOR Trustee or director | 1 | $0 |
| LUCAS KANAVATI | DIRECTOR Trustee or director | 1 | $0 |
| KENDRA KLEMME | DIRECTOR Trustee or director | 1 | $0 |
| ELIZABETH MORAN | DIRECTOR Trustee or director | 1 | $0 |
| ERIN MUNSON | SECRETARY Trustee or director, Officer | 1 | $0 |
| LAURIE TOSTRUD | PRESIDENT Trustee or director, Officer | 2 | $0 |
| SCOTT VAN | DIRECTOR Trustee or director | 1 | $0 |
| DEAN VERDOES | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2024: 10 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| HEATHER ASHLEY | DIRECTOR Trustee or director | 1 | $0 |
| STEVEN ASHLEY | TREASURER Trustee or director, Officer | 1 | $0 |
| GREGG CUMMINGS | DIRECTOR Trustee or director | 1 | $0 |
| LUCAS KANAVATI | DIRECTOR Trustee or director | 1 | $0 |
| KENDRA KLEMME | DIRECTOR Trustee or director | 1 | $0 |
| ELIZABETH MORAN | DIRECTOR Trustee or director | 1 | $0 |
| ERIN MUNSON | SECRETARY Trustee or director, Officer | 1 | $0 |
| LAURIE TOSTRUD | PRESIDENT Trustee or director, Officer | 2 | $0 |
| SCOTT VAN | DIRECTOR Trustee or director | 1 | $0 |
| DEAN VERDOES | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 10 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DEAN VERDOES | DIRECTOR Trustee or director | 1.5 | $0 |
| LUCAS KANAVATI | DIRECTOR Trustee or director | 1 | $0 |
| HEATHER ASHLEY | DIRECTOR Trustee or director | 1 | $0 |
| ELIZABETH MORAN | DIRECTOR Trustee or director | 1 | $0 |
| GREGG CUMMINGS | DIRECTOR Trustee or director | 1 | $0 |
| SCOTT VAN | DIRECTOR Trustee or director | 1 | $0 |
| KENDRA KLEMME | DIRECTOR Trustee or director | 1 | $0 |
| LAURIE TOSTRUD | PRESIDENT Officer | 2 | $0 |
| ERIN MUNSON | SECRETARY Officer | 1 | $0 |
| STEVEN ASHLEY | TREASURER Officer | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 1490 SOMERSET CT, MENDOTA HTS, MN 55118-2826
- In care of
- % STEVEN ASHLEY
- Mailing address (990-N for 2021)
- 1490 Somerset Court, Mendota Heights MN 55118
- Principal officer (990 for 2025)
- LAURIE TOSTRUD, 1490 SOMERSET COURT, MENDOTA HEIGHTS, MN 55118
- Principal officer (990-N for 2021)
- Laurie Tostrud, 1490 Somerset Court, Mendota Heights MN 55118
- Signed the 990
- LAURIE TOSTRUD, PRESIDENT
- Phone
- (651) 269-4046
- Website
- isd197foundation.org
- Return prepared by
- ALTRUIC ADVISORS CPAS
Mission
TO SUPPORT ACADEMIC OPPORTUNITIES FOR STUDENTS FROM EARLY LEARNING PROGRAMS TO GRADE 12 THROUGH SUPPLEMENTAL FUNDING.
Program accomplishments
- SOMERSET ELEMENTARY SCHOOL: INCLUSIVE AND ACCESSIBLE PLAYGROUND. THE FOUNDATION PROVIDED PARTIAL FUNDING FOR THE DEVELOPMENT OF A NEW PLAYGROUND AT SOMERSET THAT WILL BE EQUIPPED WITH RAMPS, ADAPTIVE EQUIPMENT, AND SENSORY PLAY ELEMENTS SO THAT EVERY STUDENT, REGARDLESS OF THEIR ABILITIES, CAN FULLY PARTICIPATE IN RECREATIONAL ACTIVITIES.Expenses $11,380 · grants $10,000
- DISTRICT WIDE: SPANISH LANGUAGE BOOKS FOR DISTRICT LIBRARIES. THE FOUNDATION PROVIDED FUNDS TO PURCHASE BOOKS FOR THE LIBRARIES AT ALL GRADE LEVELS IN THE DISTRICT. THE FOCUS WILL BE TO FILL THE GAPS OF NEEDS FOR FIRST-LANGUAGE BOOKS, SUCH AS SPANISH BOOKS FOR STUDENTS WHOSE FIRST LANGUAGE IS SPANISH.Expenses $5,000 · grants $5,000
- MORELAND ELEMENTARY SCHOOL: PLAYGROUND EQUIPMENT UPGRADE. REPLACEMENT OF WORN AND OUTDATED PHYSICAL EDUCATION EQUIPMENT WHICH WILL IMPROVE FUNCTIONALITY AND SAFETY FOR STUDENTS.Expenses $5,000 · grants $5,000
- WE PROVIDE GRANTS TO SUPPORT TWO MIDDLE SCHOOLS (GRADES 5-8) WITH DIGITAL PENCILS FOR USE IN REACHING NEW MEDIA ART REQUIREMENTS SET BY THE MINNESOTA DEPARTMENT OF EDUCATION STANDARDS. WE PROVIDE GRANTS TO SUPPORT PRE-KINDERGARTEN STUDENTS (AGE 3-5) WITH A VISION SCREENING SYSTEM. WE PROVIDE GRANTS TO UPDATE THE MORELAND ARTS AND HEALTH SCIENCES MAGNET SCHOOL'S LIBRARY AND BY PURCHASING NEW BOOKS, WHICH HAS SIGNIFICANTLY INCREASED UTILIZATION OF THE LIBRARY.Expenses $57,014 · grants $57,014
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 | 990 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
- 20-0484389
- 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
- 2005
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B80)
- Assets (IRS master file)
- $422,030
- Income (IRS master file)
- $129,275
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $107,982 | $81,376 | $422,030 | IRS |
| 990 | December 2024 | $99,971 | $80,845 | $371,320 | IRS |
| 990 | December 2023 | $109,815 | $41,863 | $330,575 | XML |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990-N for 2021 Officer: Laurie Tostrud | December 31, 2021 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2020 Officer: Laurie Tostrud | December 31, 2020 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2019 Officer: Laurie Tostrud | December 31, 2019 | ≤ $50,000 receipts | – | – | e-Postcard |
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 20-0484389).
Questions about ISD NO 197 EDUCATIONAL FOUNDATION
- What is the EIN of ISD NO 197 EDUCATIONAL FOUNDATION?
- The employer identification number (EIN) of ISD NO 197 EDUCATIONAL FOUNDATION is 20-0484389.
- Is ISD NO 197 EDUCATIONAL FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2005.
- Are donations to ISD NO 197 EDUCATIONAL FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does ISD NO 197 EDUCATIONAL 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 ISD NO 197 EDUCATIONAL FOUNDATION due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did ISD NO 197 EDUCATIONAL FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of ISD NO 197 EDUCATIONAL FOUNDATION?
- The 990 for the year ended December 31, 2025 names LAURIE TOSTRUD.
- Who are the officers and directors of ISD NO 197 EDUCATIONAL FOUNDATION?
- The 990 for the year ended December 31, 2025 lists 10 people; 0 received compensation from the organization.
- How much revenue does ISD NO 197 EDUCATIONAL FOUNDATION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $107,982, expenses of $81,376 and total assets of $422,030 at year end.
Other nonprofits in MENDOTA HTS
- SONSHINE LEARNING CENTER EIN 35-2190932 · last filed 990 for 2024
- LAZARUS PROJECT EIN 01-0759717 · last filed 990 for 2025
- RTI EDUCATIONAL FOUNDATION EIN 46-1508153 · last filed 990-EZ for 2025
- SOMERSET SCHOLARSHIP FUND EIN 45-4617048 · last filed 990-EZ for 2025
- WARRIOR DANCE TEAM EIN 47-5026438 · last filed 990-EZ for 2025
- WE AS ONE EDUCATION EIN 99-0942690 · last filed 990-EZ for 2025
- SOMERSET ELEMENTARY PARENT AND FAMILY GROUP EIN 92-2989485 · last filed 990-EZ for 2025
- TWO RIVERS MARCHING ARTS ASSOCIATION EIN 46-1771547 · last filed 990-N for 2024