Nonprofit · EIN 41-1989284
ALBERT LEA PUBLIC EDUCATION FOUNDATION INC
Tax-exempt · ALBERT LEA, MN 56007
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $134,611 | $224,137 | -$89,526 | $3,382,951 | $0 | $3,382,951 |
| December 31, 2023 | 990 | $93,491 | $155,526 | -$62,035 | $3,204,324 | $0 | $3,204,324 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $86,441
- Program service revenue
- $0
- Investment income
- $48,170
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $150,712
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Program services (functional)
- $215,341
- Management and general (functional)
- $8,796
Balance sheet and other
- Total assets, start of year
- $3,204,324
- Total assets, end of year
- $3,382,951
- Total liabilities, end of year
- $0
- Net assets, end of year
- $3,382,951
- Publicly traded securities
- $2,825,168
- Net assets without donor restrictions
- $35,407
- Net assets with donor restrictions
- $3,347,544
- Gross receipts
- $134,611
- Employees
- 0
- Volunteers
- 12
- Year formed
- 2000
- 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, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| NEAL SKAAR | CHAIR Officer | 0.5 | $0 |
| KIM NELSON | VICE-CHAIR Officer | 0.5 | $0 |
| STEVE TUFTE | TREASURER Officer | 2 | $0 |
| ABBY SCHUMAKER | SECRETARY Officer | 0.5 | $0 |
| BRAD KIRCHNER | PAST CHAIR Trustee or director | 0.5 | $0 |
| MIKE PETERSEN | DIRECTOR Trustee or director | 0.5 | $0 |
| DAN DORMAN | DIRECTOR Trustee or director | 0.5 | $0 |
| JESSICA HATLAND | DIRECTOR Trustee or director | 0.5 | $0 |
| DAVID FRAME | DIRECTOR Trustee or director | 0.5 | $0 |
| JANELLE KOEPKE | DIRECTOR Trustee or director | 0.5 | $0 |
| ROBERT ROWE | DIRECTOR Trustee or director | 0.5 | $0 |
990 for the year ended December 31, 2023: 12 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| NEAL SKAAR | CHAIR Officer | 0.5 | $0 |
| KIM NELSON | VICE-CHAIR Officer | 0.5 | $0 |
| STEVE TUFTE | TREASURER Officer | 2 | $0 |
| ABBY SCHUMAKER | SECRETARY Officer | 0.5 | $0 |
| BRAD KIRCHNER | PAST CHAIR Trustee or director | 0.5 | $0 |
| MIKE PETERSEN | DIRECTOR Trustee or director | 0.5 | $0 |
| DAN DORMAN | DIRECTOR Trustee or director | 0.5 | $0 |
| JESSICA HATLAND | DIRECTOR Trustee or director | 0.5 | $0 |
| DAVID FRAME | DIRECTOR Trustee or director | 0.5 | $0 |
| JANELLE KOEPKE | DIRECTOR Trustee or director | 0.5 | $0 |
| ROBERT ROWE | DIRECTOR Trustee or director | 0.5 | $0 |
| JERRY NELSON | DIRECTOR Trustee or director | 0.5 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 828, ALBERT LEA, MN 56007-0828
- In care of
- % HENRY SAVEKOUL
- Principal officer (990 for 2024)
- NEAL SKAAR, PO BOX 828, ALBERT LEA, MN 56007
- Signed the 990
- NEAL SKAAR, CHAIR
- Phone
- (507) 383-5357
- Return prepared by
- HONSTAD DIESER & MANGSKAU PLLP
Mission
TO SERVE THE STUDENTS OF DISTRICT 241 BY IDENTIFYING EDUCATIONAL NEEDS AND CREATING FINANCIAL SUPPORT THROUGH CREATING PERMANENT ENDOWMENTS AND DEVELOPING FUNDING FOR THE CREATION AND MAINTENANCE OF NEW PROGRAMS.
Program accomplishments
- THE ORGANIZATION PROVIDED SEVERAL GRANTS TO THE ALBERT LEA SCHOOL DISTRICT AND SCHOLARSHIPS TO STUDENTS ENTERING COLLEGE.Expenses $215,341 · grants $150,712
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 | Not 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
- 41-1989284
- 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
- 2001
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B94)
- Assets (IRS master file)
- $3,382,951
- Income (IRS master file)
- $134,611
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $134,611 | $224,137 | $3,382,951 | XML |
| 990 | December 2023 | $93,491 | $155,526 | $3,204,324 | XML |
| 990 | December 2022 | $192,398 | $173,886 | $3,007,622 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 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 41-1989284).
Questions about ALBERT LEA PUBLIC EDUCATION FOUNDATION INC
- What is the EIN of ALBERT LEA PUBLIC EDUCATION FOUNDATION INC?
- The employer identification number (EIN) of ALBERT LEA PUBLIC EDUCATION FOUNDATION INC is 41-1989284.
- Is ALBERT LEA PUBLIC EDUCATION FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2001.
- Are donations to ALBERT LEA PUBLIC EDUCATION FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does ALBERT LEA PUBLIC EDUCATION FOUNDATION INC 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 ALBERT LEA PUBLIC EDUCATION FOUNDATION INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did ALBERT LEA PUBLIC EDUCATION FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of ALBERT LEA PUBLIC EDUCATION FOUNDATION INC?
- The 990 for the year ended December 31, 2024 names NEAL SKAAR.
- Who are the officers and directors of ALBERT LEA PUBLIC EDUCATION FOUNDATION INC?
- The 990 for the year ended December 31, 2024 lists 11 people; 0 received compensation from the organization.
- How much revenue does ALBERT LEA PUBLIC EDUCATION FOUNDATION INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $134,611, expenses of $224,137 and total assets of $3,382,951 at year end.
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