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Nonprofit · EIN 41-1451735

FARIBAULT AREA TRAINING AND EDUCATION FOUNDATION

Tax-exempt · FARIBAULT, MN 55021

Financials

$180K$258K2022$116K$313K2023$247K$233K2024
Revenue Expenses · by fiscal year end
Financials of FARIBAULT AREA TRAINING AND EDUCATION FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2025990$246,734$233,092$13,642$3,560,870$100,220$3,460,650
June 30, 2024990$116,198$313,216-$197,018$3,358,896$83,788$3,275,108
June 30, 2023990$180,110$257,510-$77,400$3,273,360$191,851$3,081,509
Financial details: 990 for the year ended June 30, 2025

Revenue

Contributions, gifts and grants
$61,308
Program service revenue
$0
Investment income
$185,426
Net gain from sales of assets
$87,942
Other revenue
$0

Expenses

Grants and similar amounts paid
$117,302
Other salaries and wages
$72,608
Salaries, compensation and benefits (total)
$80,891
Professional fundraising fees
$0
Accounting fees
$910
Program services (functional)
$118,097
Management and general (functional)
$114,995

Balance sheet and other

Total assets, start of year
$3,358,896
Total assets, end of year
$3,560,870
Total liabilities, end of year
$100,220
Net assets, end of year
$3,460,650
Net assets without donor restrictions
$2,055,301
Net assets with donor restrictions
$1,405,349
Gross receipts
$450,462
Employees
1
Volunteers
24
Year formed
1983
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 June 30, 2025, highest compensation first.

NameTitleHours / weekCompensation
GAIL KADERLIKEXECUTIVE DI
Trustee or director
30$72,608
RICK MILLERPRESIDENT
Officer
1$0
KEN WEAVERLINGVP/SEC/TREAS
Officer
1$0
ELLIE HOLMQUISTEXECUTIVE DI
Trustee or director
–$0
JASON ROBINSONAT LARGE OFF
Officer
1$0
DR CHERYL FREUNDAT LARGE OFF
Officer
1$0
DR DICK HUSTONAT LARGE OFF
Officer
1$0
RICHARD COOKDIRECTOR
Trustee or director
1$0
TIM FINLEYDIRECTOR
Trustee or director
1$0
MIKE GRAMSEDIRECTOR
Trustee or director
1$0
BARTON JACKSONDIRECTOR
Trustee or director
1$0
IBRAHIM KHALIFDIRECTOR
Trustee or director
1$0
GARY VOEGELEDIRECTOR
Trustee or director
1$0
DR RICHARD BERGEHONORARY
Trustee or director
1$0
990 for the year ended June 30, 2024: 14 people
NameTitleHours / weekCompensation
GAIL KADERLIKEXECUTIVE DI
Trustee or director
30$80,000
DR RICHARD BERGEHONORARY
Trustee or director
1$0
RICHARD COOKDIRECTOR
Trustee or director
1$0
TIM FINLEYDIRECTOR
Trustee or director
1$0
MIKE GRAMSEDIRECTOR
Trustee or director
1$0
ELLIE HOLMQUISTEXECUTIVE DI
Trustee or director
0$0
BARTON JACKSONDIRECTOR
Trustee or director
1$0
IBRAHIM KHALIFDIRECTOR
Trustee or director
1$0
GARY VOEGELEDIRECTOR
Trustee or director
1$0
DR CHERYL FREUNDAT LARGE OFF
Officer
1$0
DR DICK HUSTONAT LARGE OFF
Officer
1$0
RICK MILLERPRESIDENT
Officer
1$0
JASON ROBINSONVICE PRESIDE
Officer
1$0
KEN WEAVERLINGSECRETARY/TR
Officer
1$0
990 for the year ended June 30, 2023: 13 people
NameTitleHours / weekCompensation
GAIL KADERLIKEXECUTIVE DIRECTOR
Trustee or director
30$77,692
TIM FINLEYDIRECTOR
Trustee or director
1$0
MICHAEL GRAMSEDIRECTOR
Trustee or director
1$0
DR RICHARD BERGEHONORARY
Trustee or director
1$0
IBRAHIM KHALIFDIRECTOR
Trustee or director
1$0
RICHARD COOKDIRECTOR
Trustee or director
1$0
GARY VOEGELEDIRECTOR
Trustee or director
1$0
BARTON JACKSONDIRECTOR
Trustee or director
1$0
RICK MILLERPRESIDENT
Officer
1$0
KEN WEAVERLINGSEC/TREAS
Officer
1$0
DR CHERYL FREUNDAT LG OFFICER
Officer
1$0
DR DICK HUSTONAT LG OFFICER
Officer
1$0
JASON ROBINSONVICE PRESIDENT
Officer
1$0

Address and contacts

Address (IRS master file)
1225 3RD ST SW, FARIBAULT, MN 55021-5720
Principal officer (990 for 2024)
DR DICK HUSTON, 1225 SW 3RD ST, FARIBAULT, MN 55021
Signed the 990
ELLIE HOLMQUIST, EXECUTIVE DIRECTOR
Phone
(507) 332-5808
Return prepared by
REESE WINTER & ASSOCIATES LTD

Mission

SUPPORTING POST-SECONDARY EDUCATION

990 for the year ended June 30, 2025

Program accomplishments

  • PROVIDED SCHOLARSHIP FUNDS TO SOUTH CENTRAL COLLEGE FARIBAULT CAMPUS STUDENTS
    Expenses $118,097 · grants $117,302

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 June, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025June 30, 2026November 16, 2026Not due yet
2024June 30, 2025November 17, 2025990 on file
2023June 30, 2024November 15, 2024990 on file

IRS record

EIN
41-1451735
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
1983
Accounting year ends
June
Files
Form 990 or 990-EZ
Assets (IRS master file)
$3,560,870
Income (IRS master file)
$450,462

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2025$246,734$233,092$3,560,870XML
990June 2024$116,198$313,216$3,358,896XML
990June 2023$180,110$257,510$3,273,360XML
990June 2022$166,269$203,320$3,318,761IRS
990June 2021–––IRS
990June 2020–––IRS
990June 2019–––IRS
990June 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 41-1451735).

Questions about FARIBAULT AREA TRAINING AND EDUCATION FOUNDATION

What is the EIN of FARIBAULT AREA TRAINING AND EDUCATION FOUNDATION?
The employer identification number (EIN) of FARIBAULT AREA TRAINING AND EDUCATION FOUNDATION is 41-1451735.
Is FARIBAULT AREA TRAINING AND EDUCATION FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1983.
Are donations to FARIBAULT AREA TRAINING AND EDUCATION FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does FARIBAULT AREA TRAINING AND 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 FARIBAULT AREA TRAINING AND EDUCATION FOUNDATION due?
The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did FARIBAULT AREA TRAINING AND EDUCATION FOUNDATION last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended June 2025.
Who is the principal officer of FARIBAULT AREA TRAINING AND EDUCATION FOUNDATION?
The 990 for the year ended June 30, 2025 names DR DICK HUSTON.
Who are the officers and directors of FARIBAULT AREA TRAINING AND EDUCATION FOUNDATION?
The 990 for the year ended June 30, 2025 lists 14 people; 1 received compensation from the organization, the highest $72,608 (GAIL KADERLIK, EXECUTIVE DI).
How much revenue does FARIBAULT AREA TRAINING AND EDUCATION FOUNDATION have?
On its 990 for the year ended June 30, 2025 it reported revenue of $246,734, expenses of $233,092 and total assets of $3,560,870 at year end.

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