Nonprofit · EIN 41-1569085
MINNETONKA PUBLIC SCHOOLS FOUNDATION
Tax-exempt · MINNETONKA, MN 55345
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $472,441 | $332,127 | $140,314 | $1,899,866 | $37,363 | $1,862,503 |
| June 30, 2024 | 990 | $370,408 | $388,408 | -$18,000 | $1,714,989 | $41,682 | $1,673,307 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $320,217
- Program service revenue
- $0
- Investment income
- $160,524
- Net gain from sales of assets
- $107,994
- Net income from fundraising events
- -$8,300
- Other revenue
- -$8,300
Expenses
- Grants and similar amounts paid
- $176,547
- Compensation of officers, directors and key employees
- $75,960
- Other salaries and wages
- $15,448
- Salaries, compensation and benefits (total)
- $98,693
- Professional fundraising fees
- $0
- Accounting fees
- $14,163
- Occupancy
- $3,600
- Travel
- $75
- Program services (functional)
- $202,386
- Management and general (functional)
- $78,014
- Fundraising (functional)
- $51,727
Balance sheet and other
- Total assets, start of year
- $1,714,989
- Total assets, end of year
- $1,899,866
- Total liabilities, end of year
- $37,363
- Net assets, end of year
- $1,862,503
- Publicly traded securities
- $1,792,530
- Net assets without donor restrictions
- $1,723,405
- Net assets with donor restrictions
- $139,098
- Gross receipts
- $875,780
- Employees
- 2
- Volunteers
- 33
- 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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JILL HOWE | EXECUTIVE DIRECTOR Officer | 30 | $70,124 |
| AMY GRADY | NOMINATING CHAIR Trustee or director, Officer | 1 | $0 |
| TROON DOWDS | VICE CHAIR Trustee or director, Officer | 1 | $0 |
| RENA' DRAGSETH | SECRETARY Trustee or director, Officer | 1 | $0 |
| BRIAN LANDE | TREASURER Trustee or director, Officer | 1 | $0 |
| TIM BYRNE | TRUSTEE Trustee or director | 1 | $0 |
| REBECCA CHOU | TRUSTEE Trustee or director | 1 | $0 |
| KRISTINE HOCHBAUM | TRUSTEE Trustee or director | 1 | $0 |
| LAURA FOOTE | TRUSTEE Trustee or director | 1 | $0 |
| JAMIE HANSEN | TRUSTEE Trustee or director | 1 | $0 |
| JENNY HUANG | TRUSTEE Trustee or director | 1 | $0 |
| BRYAN VINCENT | TRUSTEE Trustee or director | 1 | $0 |
| MAGGIE KIRCHOFF | TRUSTEE Trustee or director | 1 | $0 |
| HEATHER MARKERT | TRUSTEE Trustee or director | 1 | $0 |
| JENNIFER ROBINSON | TRUSTEE Trustee or director | 1 | $0 |
5 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| WES STRAIT | TRUSTEE Trustee or director | 1 | $0 |
| ROBYN THOMAS | TRUSTEE Trustee or director | 1 | $0 |
| ABBY WALLIN | TRUSTEE Trustee or director | 1 | $0 |
| SABRINA WIXO | TRUSTEE Trustee or director | 1 | $0 |
| ROB WOLTER | TRUSTEE Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 20 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JILL HOWE | EXECUTIVE DIRECTOR Officer | 30 | $66,517 |
| AMY GRADY | CHAIR Trustee or director, Officer | 1 | $0 |
| TROON DOWDS | VICE-CHAIR Trustee or director, Officer | 1 | $0 |
| RENA' DRAGSETH | SECRETARY Trustee or director, Officer | 1 | $0 |
| BRIAN LANDE | TREASURER Trustee or director, Officer | 1 | $0 |
| TIM BYRNE | TRUSTEE Trustee or director | 1 | $0 |
| REBECCA CHOU | TRUSTEE Trustee or director | 1 | $0 |
| JON FAHNING | TRUSTEE Trustee or director | 1 | $0 |
| LAURA FOOTE | TRUSTEE Trustee or director | 1 | $0 |
| JAMIE HANSEN | TRUSTEE Trustee or director | 1 | $0 |
| JENNY HUANG | TRUSTEE Trustee or director | 1 | $0 |
| DEIRDRE KELLER | TRUSTEE Trustee or director | 1 | $0 |
| MAGGIE KIRCHOFF | TRUSTEE Trustee or director | 1 | $0 |
| HEATHER MARKERT | TRUSTEE Trustee or director | 1 | $0 |
| JENNIFER ROBINSON | TRUSTEE Trustee or director | 1 | $0 |
| WES STRAIT | TRUSTEE Trustee or director | 1 | $0 |
| ROBYN THOMAS | TRUSTEE Trustee or director | 1 | $0 |
| ABBY WALLIN | TRUSTEE Trustee or director | 1 | $0 |
| SABRINA WIXO | TRUSTEE Trustee or director | 1 | $0 |
| ROB WOLTER | TRUSTEE Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 5621 COUNTY ROAD 101, MINNETONKA, MN 55345-4214
- Principal officer (990 for 2024)
- KRISTINE HOCHBAUM, 5621 COUNTY ROAD 101, MINNETONKA, MN 55345
- Signed the 990
- KRISTINE HOCHBAUM, BOARD TREASURER
- Phone
- (952) 401-5040
- Website
- WWW.MINNETONKAFOUNDATION.COM
- Return prepared by
- CLIFTONLARSONALLEN LLP
Mission
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.
Program accomplishments
- 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.Expenses $128,288 · grants $102,449
- 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.Expenses $56,993 · grants $56,993
- 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.Expenses $17,105 · grants $17,105
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 41-1569085
- 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
- June
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $1,899,866
- Income (IRS master file)
- $875,780
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $472,441 | $332,127 | $1,899,866 | XML |
| 990 | June 2024 | $370,408 | $388,408 | $1,714,989 | XML |
| 990 | June 2023 | $344,052 | $469,427 | $1,649,798 | IRS |
| 990 | June 2022 | $405,551 | $256,920 | $1,513,215 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 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 41-1569085).
Questions about MINNETONKA PUBLIC SCHOOLS FOUNDATION
- What is the EIN of MINNETONKA PUBLIC SCHOOLS FOUNDATION?
- The employer identification number (EIN) of MINNETONKA PUBLIC SCHOOLS FOUNDATION is 41-1569085.
- Is MINNETONKA PUBLIC SCHOOLS FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1987.
- Are donations to MINNETONKA PUBLIC SCHOOLS FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does MINNETONKA PUBLIC SCHOOLS 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 MINNETONKA PUBLIC SCHOOLS 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 MINNETONKA PUBLIC SCHOOLS 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 MINNETONKA PUBLIC SCHOOLS FOUNDATION?
- The 990 for the year ended June 30, 2025 names KRISTINE HOCHBAUM.
- Who are the officers and directors of MINNETONKA PUBLIC SCHOOLS FOUNDATION?
- The 990 for the year ended June 30, 2025 lists 20 people; 1 received compensation from the organization, the highest $70,124 (JILL HOWE, EXECUTIVE DIRECTOR).
- How much revenue does MINNETONKA PUBLIC SCHOOLS FOUNDATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $472,441, expenses of $332,127 and total assets of $1,899,866 at year end.
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