Nonprofit · EIN 42-1267125
LINN-MAR SCHOOL FOUNDATION
Tax-exempt · MARION, IA 52302
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $356,876 | $410,598 | -$53,722 | $1,557,397 | $1,661 | $1,555,736 |
| June 30, 2024 | 990 | $405,212 | $379,994 | $25,218 | $1,539,800 | $6,154 | $1,533,646 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $306,470
- Program service revenue
- $0
- Investment income
- $57,153
- Net income from fundraising events
- -$20,000
- Net income from gaming
- $5,146
- Other revenue
- -$6,747
Expenses
- Grants and similar amounts paid
- $272,257
- Compensation of officers, directors and key employees
- $40,500
- Other salaries and wages
- $37,102
- Salaries, compensation and benefits (total)
- $83,540
- Professional fundraising fees
- $0
- Accounting fees
- $3,623
- Program services (functional)
- $293,910
- Management and general (functional)
- $115,554
- Fundraising (functional)
- $1,134
Balance sheet and other
- Total assets, start of year
- $1,539,800
- Total assets, end of year
- $1,557,397
- Total liabilities, end of year
- $1,661
- Net assets, end of year
- $1,555,736
- Publicly traded securities
- $1,257,669
- Net assets without donor restrictions
- $334,168
- Net assets with donor restrictions
- $1,221,568
- Gross receipts
- $392,857
- Employees
- 3
- Volunteers
- 50
- Year formed
- 1985
- State of legal domicile
- IA
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 |
|---|---|---|---|
| SHELLEY SCHROEDER | Executive Dir. Officer | 30 | $51,500 |
| MOLLY BAYNES | Director Trustee or director | 1 | $0 |
| ADAM CALCARA | Director Trustee or director | 1 | $0 |
| ANN FRY | Director Trustee or director | 1 | $0 |
| BRITTANY BARNHART | Director Trustee or director | 1 | $0 |
| CARI FOSS | Director Trustee or director | 1 | $0 |
| KALLIE HERINK | President Trustee or director, Officer | 2 | $0 |
| ROB MYERS | Past-President Trustee or director, Officer | 2 | $0 |
| KAROL SHEPHERD | Secretary Trustee or director, Officer | 2 | $0 |
| KIM SUDDENDORF | Director Trustee or director | 1 | $0 |
| LINDSAY WAGONER | Director Trustee or director | 1 | $0 |
| KATIE LUEKEN | Director Trustee or director | 1 | $0 |
| KATIE SLEEPER | Director Trustee or director | 1 | $0 |
| STEVE SCHREIBER | Director Trustee or director | 1 | $0 |
| AMANDA WENDLING | Director Trustee or director | 1 | $0 |
7 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BRANDON MARSH | Director Trustee or director | 1 | $0 |
| MACKENZIE MAXEDON | Director Trustee or director | 1 | $0 |
| MARY SULT | Director Trustee or director | 1 | $0 |
| SARAH PETERS | Treasurer Trustee or director, Officer | 2 | $0 |
| SHAWN KEATING | Director Trustee or director | 1 | $0 |
| SALLY WILEY | Director Trustee or director | 1 | $0 |
| LESLEY VANCURA | Director Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 22 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SHELLEY SCHROEDER | Executive Dir. Officer | 30 | $49,000 |
| MOLLY BAYNES | Director Trustee or director | 1 | $0 |
| ADAM CALCARA | Director Trustee or director | 1 | $0 |
| ANN FRY | Director Trustee or director | 1 | $0 |
| JEREMY JOHNSON | Director Trustee or director | 1 | $0 |
| CARI FOSS | Director Trustee or director | 1 | $0 |
| KALLIE HERINK | President Trustee or director | 1 | $0 |
| ROB MYERS | President Trustee or director, Officer | 2 | $0 |
| KAROL SHEPHERD | Secretary Trustee or director, Officer | 2 | $0 |
| KIM SUDDENDORF | Treasurer Trustee or director, Officer | 2 | $0 |
| LINDSAY WAGONER | Director Trustee or director | 1 | $0 |
| KATIE LUEKEN | Director Trustee or director | 1 | $0 |
| KATIE MOHASCI | Director Trustee or director | 1 | $0 |
| STEVE SCHREIBER | Director Trustee or director | 1 | $0 |
| AMANDA WENDLING | Director Trustee or director | 1 | $0 |
| BRANDON MARSH | Director Trustee or director | 1 | $0 |
| MACKENZIE MAXEDON | Director Trustee or director | 1 | $0 |
| MARY SULT | Director Trustee or director | 1 | $0 |
| SARAH PETERS | Director Trustee or director | 1 | $0 |
| SHAWN KEATING | Director Trustee or director | 1 | $0 |
| TAMI SCHLAMP | Director Trustee or director | 1 | $0 |
| LESLEY VANCURA | Director Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 3556 WINSLOW RD, MARION, IA 52302-8978
- Signed the 990
- KALLIE HERINK, President
- Phone
- (319) 447-3065
- Website
- linnmarfoundation.org
- Return prepared by
- PEARSON & VIRLEE PC
Mission
THE LINN-MAR SCHOOL FOUNDATION RAISES AND DISTRIBUTES PRIVATE FUNDING IN SUPPORT OF K-12 CLASSROOMS, CURRICULUM, AND ENRICHMENT PROGRAMS IN THE LINN-MAR COMMUNITY SCHOOL DISTRICT. THEY ARE A PROUD PARTNER TO THE DISTRICT AND ARE DEDICATED TO HELP SUPPORT A QUALITY EDUCATIONAL EXPERIENCE FOR ALL STUDENTS AS WE WORK TOGETHER TO INSPIRE LEARNING, UNLOCK POTENTIAL, AND EMPOWER ACHIEVEMENT.
Program accomplishments
- THE LINN-MAR SCHOOL FOUNDATION RAISES AND DISTRIBUTES PRIVATE FUNDING IN SUPPORT OF K-12 CLASSROOMS, CURRICULUM AND ENRICHMENT PROGRAMS IN THE LINN-MAR COMMUNITY SCHOOL DISTRICT. THEY ARE A PROUD PARTNER TO THE DISTRICT AND ARE DEDICATED TO HELP SUPPORT A QUALITY EDUCATIONAL EXPERIENCE FOR ALL STUDENTS AS WE WORK TOGETHER TO INSPIRE LEARNING, UNLOCK POTENTIAL, AND EMPOWER ACHIEVEMENT.Expenses $267,760 · grants $246,107
- THE FOUNDATION DISTRIBUTES SCHOLARSHIPS TO STUDENTS MEETING ESTABLISHED CRITERIA IN THE AREA OF ACHIEVEMENT AND STATED EDUCATIONAL GOALS.THERE WERE 26 SCHOLARSHIPS DISTRIBUTED TO STUDENTS.Expenses $26,150 · grants $26,150
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
- 42-1267125
- 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
- 1986
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $1,557,397
- Income (IRS master file)
- $392,857
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $356,876 | $410,598 | $1,557,397 | XML |
| 990 | June 2024 | $405,212 | $379,994 | $1,539,800 | XML |
| 990 | June 2023 | $326,341 | $328,042 | $1,425,733 | IRS |
| 990 | June 2022 | – | – | – | 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 42-1267125).
Questions about LINN-MAR SCHOOL FOUNDATION
- What is the EIN of LINN-MAR SCHOOL FOUNDATION?
- The employer identification number (EIN) of LINN-MAR SCHOOL FOUNDATION is 42-1267125.
- Is LINN-MAR SCHOOL FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1986.
- Are donations to LINN-MAR SCHOOL FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does LINN-MAR SCHOOL 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 LINN-MAR SCHOOL 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 LINN-MAR SCHOOL FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who are the officers and directors of LINN-MAR SCHOOL FOUNDATION?
- The 990 for the year ended June 30, 2025 lists 22 people; 1 received compensation from the organization, the highest $51,500 (SHELLEY SCHROEDER, Executive Dir.).
- How much revenue does LINN-MAR SCHOOL FOUNDATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $356,876, expenses of $410,598 and total assets of $1,557,397 at year end.
Other nonprofits in MARION
- LINN COUNTY RURAL ELECTRIC COOPERATIVE ASSOCIATION EIN 42-0381704 · last filed 990 for 2025
- GRAND HAVEN HOMES INC EIN 42-1107110 · last filed 990 for 2025
- TREES FOREVER INC EIN 42-1419181 · last filed 990 for 2025
- PROSPECT MEADOWS INC EIN 45-1186453 · last filed 990 for 2025
- MONARCH RESEARCH PROJECT EIN 47-5292786 · last filed 990 for 2025
- MARION INDEPENDENT SCHOOL FOUNDATION AND ALUMNI ASSOCIATION EIN 42-1343360 · last filed 990 for 2024
- MARION CHAMBER OF COMMERCE EIN 27-0607115 · last filed 990 for 2025
- THE WELL-FOOD AND CLOTHING SOURCE EIN 86-2231494 · last filed 990 for 2025