Nonprofit · EIN 42-1450042
EDUCATION FOUNDATION OF THE MASON CITY PUBLIC SCHOOLS
Tax-exempt · MASON CITY, IA 50401
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $785,100 | $138,185 | $646,915 | $3,400,131 | $120,530 | $3,279,601 |
| June 30, 2024 | 990 | $610,054 | $148,011 | $462,043 | $2,603,963 | $116,699 | $2,487,264 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $629,723
- Program service revenue
- $0
- Investment income
- $155,377
- Net gain from sales of assets
- $52,494
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $128,311
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $2,925
- Program services (functional)
- $128,311
- Management and general (functional)
- $8,468
- Fundraising (functional)
- $1,406
Balance sheet and other
- Total assets, start of year
- $2,603,963
- Total assets, end of year
- $3,400,131
- Total liabilities, end of year
- $120,530
- Net assets, end of year
- $3,279,601
- Publicly traded securities
- $3,189,099
- Gross receipts
- $785,100
- Employees
- 0
- Year formed
- 1996
- 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 |
|---|---|---|---|
| JOHN BARRON | DIRECTOR Trustee or director | – | $0 |
| KRISTIN BUEHNER | SECRETARY Trustee or director, Officer | – | $0 |
| JOSH CONGELLO | DIRECTOR Trustee or director | – | $0 |
| JODI DRAPER | DIRECTOR Trustee or director | – | $0 |
| JAY LALA | PRESIDENT Trustee or director, Officer | – | $0 |
| HEIDI MARQUARDT | DIRECTOR Trustee or director | – | $0 |
| LINDA MUTH | DIRECTOR Trustee or director | – | $0 |
| KELLEY O'ROURKE | DIRECTOR Trustee or director | – | $0 |
| KARLA WYMORE | DIRECTOR Trustee or director | – | $0 |
| VANESSA YOUNG | DIRECTOR Trustee or director | – | $0 |
990 for the year ended June 30, 2024: 11 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOHN BARRON | DIRECTOR Trustee or director | 1 | $0 |
| TOM BIRDSALL | ASSISTANT TR Trustee or director, Officer | 1 | $0 |
| KRISTIN BUEHNER | SECRETARY Trustee or director, Officer | 1 | $0 |
| JOSH CONGELLO | DIRECTOR Trustee or director | 1 | $0 |
| JODI DRAPER | DIRECTOR Trustee or director | 1 | $0 |
| JAY LALA | PRESIDENT Trustee or director, Officer | 1 | $0 |
| HEIDI MARQUARDT | DIRECTOR Trustee or director | 1 | $0 |
| LINDA MUTH | DIRECTOR Trustee or director | 1 | $0 |
| KELLEY O'ROURKE | DIRECTOR Trustee or director | 1 | $0 |
| KARLA WYMORE | DIRECTOR Trustee or director | 1 | $0 |
| VANESSA YOUNG | DIRECTOR Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 1700 4TH ST SE, MASON CITY, IA 50401-4409
- Principal officer (990 for 2024)
- JAY LALA, 221 REDFOX COURT, MASON CITY, IA 50401
- Signed the 990
- JAY LALA, PRESIDENT
- Phone
- (641) 421-4401
- Return prepared by
- GOGERTY & ASSOCIATES PLC
Mission
EDUCATIONAL SCHOLARSHIPS
Program accomplishments
- COLLEGE SCHOLARSHIPS PROVIDED TO STUDENTS. SCHOLARSHIP AWARDS PROVIDED TO 100 RECIPIENTS.Expenses $118,681 · grants $118,681
- MINI GRANTS ARE PROVIDED TO INSTRUCTORS AT MASON CITY PUBLIC SCHOOLS TO SUPPORT AND SUPPLEMENT CURRICULUM, PROJECTS, MATERIALS, EQUIPMENT, AND TRIPS THAT ARE USED OR FACILITATED BY AN INSTRUCTOR THAT ARE OVER AND ABOVE THE REQUIRED CURRICULUM AND PROGRAMMING.Expenses $9,630 · grants $9,630
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
- 42-1450042
- 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
- 1996
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T11)
- Assets (IRS master file)
- $3,400,131
- Income (IRS master file)
- $785,100
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $785,100 | $138,185 | $3,400,131 | XML |
| 990 | June 2024 | $610,054 | $148,011 | $2,603,963 | XML |
| 990 | June 2023 | $275,915 | $127,059 | $2,048,165 | IRS |
| 990 | June 2022 | $151,994 | $102,670 | $1,863,437 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | 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 42-1450042).
Questions about EDUCATION FOUNDATION OF THE MASON CITY PUBLIC SCHOOLS
- What is the EIN of EDUCATION FOUNDATION OF THE MASON CITY PUBLIC SCHOOLS?
- The employer identification number (EIN) of EDUCATION FOUNDATION OF THE MASON CITY PUBLIC SCHOOLS is 42-1450042.
- Is EDUCATION FOUNDATION OF THE MASON CITY PUBLIC SCHOOLS tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1996.
- Are donations to EDUCATION FOUNDATION OF THE MASON CITY PUBLIC SCHOOLS tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does EDUCATION FOUNDATION OF THE MASON CITY PUBLIC SCHOOLS 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 EDUCATION FOUNDATION OF THE MASON CITY PUBLIC SCHOOLS 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 EDUCATION FOUNDATION OF THE MASON CITY PUBLIC SCHOOLS 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 EDUCATION FOUNDATION OF THE MASON CITY PUBLIC SCHOOLS?
- The 990 for the year ended June 30, 2025 names JAY LALA.
- Who are the officers and directors of EDUCATION FOUNDATION OF THE MASON CITY PUBLIC SCHOOLS?
- The 990 for the year ended June 30, 2025 lists 10 people; 0 received compensation from the organization.
- How much revenue does EDUCATION FOUNDATION OF THE MASON CITY PUBLIC SCHOOLS have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $785,100, expenses of $138,185 and total assets of $3,400,131 at year end.
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