Nonprofit · EIN 36-3495109
FARIBAULT AREA PUBLIC SCHOOLS EDUCATIONAL TRUST ASSOCIATION
Tax-exempt · FARIBAULT, MN 55021
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $269,202 | $171,192 | $98,010 | $1,416,027 | $0 | $1,416,027 |
| December 31, 2024 | 990 | $177,298 | $141,277 | $36,021 | $1,348,263 | $0 | $1,348,263 |
| December 31, 2023 | 990 | $139,620 | $152,317 | -$12,697 | $1,312,242 | $0 | $1,312,242 |
| December 31, 2021 | 990 | $129,348 | $123,682 | $5,666 | $1,315,695 | $0 | $1,315,695 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $154,043
- Program service revenue
- $0
- Investment income
- $115,159
- Net gain from sales of assets
- $74,501
- Tax-exempt bond proceeds
- $14,063
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $149,607
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $1,747
- Program services (functional)
- $171,192
Balance sheet and other
- Total assets, start of year
- $1,348,263
- Total assets, end of year
- $1,416,027
- Total liabilities, end of year
- $0
- Net assets, end of year
- $1,416,027
- Publicly traded securities
- $1,295,144
- Gross receipts
- $462,108
- Employees
- 0
- Volunteers
- 10
- Year formed
- 1986
- 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 |
|---|---|---|---|
| Nanci Fielitz | Director Trustee or director | 1 | $0 |
| Brent Peroutka | Ex-Officio Trustee or director | 0.2 | $0 |
| John Carlander | Director Trustee or director | 0.2 | $0 |
| Dave Green | Director Trustee or director | 0.2 | $0 |
| Garret Regan | Director Trustee or director | 0.2 | $0 |
| Jamie Bente | Director Trustee or director | 0.2 | $0 |
| Mickey Crippen | Ex-Officio Trustee or director | 0.2 | $0 |
| Ken Butzow | Vice President FEEP Trustee or director | 0.2 | $0 |
| Robert Stepaniak | Director Trustee or director | 0.2 | $0 |
| Tufah Abdulahi | Director Trustee or director | 0.2 | $0 |
| Jerry Robicheau | President Officer | 1 | $0 |
| Shelly Fritz | Vice President Scholarships Officer | 1 | $0 |
| Richard Berge | Treasurer Officer | 1 | $0 |
| Jami Kenney | Secretary Officer | 1 | $0 |
990 for the year ended December 31, 2024: 13 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Nanci Fielitz | Director Trustee or director | 1 | $2,400 |
| Brent Peroutka | Ex-Officio Trustee or director | 0.2 | $0 |
| Richard Berge | Director Trustee or director | 1 | $0 |
| John Carlander | Director Trustee or director | 0.2 | $0 |
| Kathy Zavoral | Secretary Trustee or director | 0.2 | $0 |
| Dave Green | Director Trustee or director | 0.2 | $0 |
| Jerry Robicheau | President Trustee or director | 0.2 | $0 |
| Garret Regan | Director Trustee or director | 0.2 | $0 |
| Shelly Fritz | Vice President Scholarships Trustee or director | 0.2 | $0 |
| Robert Stepaniak | Treasurer Trustee or director | 1 | $0 |
| Jamie Bente | Director Trustee or director | 0.2 | $0 |
| Mickey Crippen | Ex-Officio Trustee or director | 0.2 | $0 |
| Ken Butzow | Vice President FEEP Trustee or director | 0.2 | $0 |
990 for the year ended December 31, 2023: 13 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Nanci Fielitz | President Trustee or director | 1 | $0 |
| Brent Peroutka | Ex-Officio Trustee or director | 0.2 | $0 |
| Richard Berge | Director Trustee or director | 0.2 | $0 |
| John Carlander | Director Trustee or director | 0.2 | $0 |
| Kathy Zavoral | Secretary Trustee or director | 0.2 | $0 |
| Dave Green | Director Trustee or director | 0.2 | $0 |
| Jerry Robicheau | Director Trustee or director | 0.2 | $0 |
| Garret Regan | Director Trustee or director | 0.2 | $0 |
| Shelly Fritz | Vice President Trustee or director | 1 | $0 |
| Robert Stepaniak | Treasurer Trustee or director | 1 | $0 |
| Heidi Oanes | Director Trustee or director | 0.2 | $0 |
| Jamie Bente | Director Trustee or director | 0.2 | $0 |
| Mickey Crippen | Ex-Officio Trustee or director | 0.2 | $0 |
990 for the year ended December 31, 2021: 13 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Nanci Fielitz | Executive Secretary Trustee or director, Institutional trustee | 1 | $1,200 |
| Heidi Oanes | Treasurer Trustee or director, Institutional trustee | 1 | $0 |
| Brent Peroutka | Ex-Officio Trustee or director | 0.2 | $0 |
| Richard Berge | President Trustee or director, Institutional trustee | 1 | $0 |
| John Carlander | Director Trustee or director | 0.2 | $0 |
| Cate Grinney | Ex-officio Trustee or director | 0.2 | $0 |
| Kathy Zavoral | Director Trustee or director | 0.2 | $0 |
| Dave Green | Director Trustee or director | 0.2 | $0 |
| John Currie | Director Trustee or director | 0.2 | $0 |
| Todd Sesker | Director Trustee or director | 0.2 | $0 |
| Jerry Robicheau | Director Trustee or director | 0.2 | $0 |
| Garret Regan | Director Trustee or director | 0.2 | $0 |
| Shelly Fritz | Director Trustee or director | 0.2 | $0 |
Address and contacts
- Address (IRS master file)
- 710 17TH ST SW, FARIBAULT, MN 55021-5518
- Principal officer (990 for 2025)
- Richard H Berge, 710 17th St Street SW, Faribault, MN 55021
- Signed the 990
- Richard Berge, Treasurer
- Phone
- (507) 333-6059
- Website
- fapseta.org
Mission
In cooperation with the local High School, we provide scholarships to qualified Senior applicants using academics and citizen criteria from the "Dollar for Scholar" National Program
Program accomplishments
- In cooperation with the local High School, we provide scholarships to qualified Senior applicants using academics and citizen criteria from the "Dollar for Scholar" National ProgramExpenses $171,192 · grants $163,523 · revenue $278,682
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
- 36-3495109
- 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
- 1987
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $1,416,027
- Income (IRS master file)
- $462,108
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $269,202 | $171,192 | $1,416,027 | IRS |
| 990 | December 2024 | $177,298 | $141,277 | $1,348,263 | IRS |
| 990 | December 2023 | $139,620 | $152,317 | $1,312,242 | XML |
| 990 | December 2022 | $151,812 | $142,568 | $1,324,939 | IRS |
| 990 | December 2021 | $129,348 | $123,682 | $1,315,695 | XML |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | 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 36-3495109).
Questions about FARIBAULT AREA PUBLIC SCHOOLS EDUCATIONAL TRUST ASSOCIATION
- What is the EIN of FARIBAULT AREA PUBLIC SCHOOLS EDUCATIONAL TRUST ASSOCIATION?
- The employer identification number (EIN) of FARIBAULT AREA PUBLIC SCHOOLS EDUCATIONAL TRUST ASSOCIATION is 36-3495109.
- Is FARIBAULT AREA PUBLIC SCHOOLS EDUCATIONAL TRUST ASSOCIATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1987.
- Are donations to FARIBAULT AREA PUBLIC SCHOOLS EDUCATIONAL TRUST ASSOCIATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does FARIBAULT AREA PUBLIC SCHOOLS EDUCATIONAL TRUST ASSOCIATION 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 FARIBAULT AREA PUBLIC SCHOOLS EDUCATIONAL TRUST ASSOCIATION 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 FARIBAULT AREA PUBLIC SCHOOLS EDUCATIONAL TRUST ASSOCIATION 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 FARIBAULT AREA PUBLIC SCHOOLS EDUCATIONAL TRUST ASSOCIATION?
- The 990 for the year ended December 31, 2025 names Richard H Berge.
- Who are the officers and directors of FARIBAULT AREA PUBLIC SCHOOLS EDUCATIONAL TRUST ASSOCIATION?
- The 990 for the year ended December 31, 2025 lists 14 people; 0 received compensation from the organization.
- How much revenue does FARIBAULT AREA PUBLIC SCHOOLS EDUCATIONAL TRUST ASSOCIATION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $269,202, expenses of $171,192 and total assets of $1,416,027 at year end.
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