Nonprofit · EIN 82-4640555
FOUNDATION FOR INNOVATION IN EDUCATION
Tax-exempt · MARSHALL, MN 56258
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $615,430 | $573,076 | $42,354 | $11,923,455 | $11,354,342 | $569,113 |
| June 30, 2024 | 990 | $278,530 | $188,124 | $90,406 | $367,495 | $0 | $367,495 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $273,972
- Program service revenue
- $16,500
- Investment income
- $324,958
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $32,019
- Salaries, compensation and benefits (total)
- $32,019
- Professional fundraising fees
- $0
- Accounting fees
- $1,610
- Travel
- $8,076
- Program services (functional)
- $309,854
- Management and general (functional)
- $263,222
Balance sheet and other
- Total assets, start of year
- $367,495
- Total assets, end of year
- $11,923,455
- Total liabilities, end of year
- $11,354,342
- Net assets, end of year
- $569,113
- Net assets without donor restrictions
- $141,166
- Net assets with donor restrictions
- $427,947
- Gross receipts
- $615,430
- Employees
- 0
- Year formed
- 2017
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 |
|---|---|---|---|
| MATT COLEMAN | VICE CHAIR Trustee or director, Officer | 1 | $0 |
| BECKY FOSTER | BOARD MEMBER Trustee or director | 1 | $0 |
| JAN FRANSEN | BOARD MEMBER Trustee or director | 1 | $0 |
| CARLA OLSON | SECRETARY/TR Trustee or director, Officer | 1 | $0 |
| NICOLE SWANSON | BOARD MEMBER Trustee or director | 1 | $0 |
| TOM WALSH | CHAIR Trustee or director, Officer | 1 | $0 |
| ANN WENDORFF | BOARD MEMBER Trustee or director | 1 | $0 |
| SHELLY MAES | EXECUTIVE DI Institutional trustee | 12.5 | $0 |
990 for the year ended June 30, 2024: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MATT COLEMAN | VICE CHAIR Trustee or director, Officer | – | $0 |
| BECKY FOSTER | BOARD MEMBER Trustee or director | – | $0 |
| JAN FRANSEN | BOARD MEMBER Trustee or director | – | $0 |
| CARLA OLSON | BOARD MEMBER Trustee or director | – | $0 |
| STEVE SCHNIEDER | BOARD MEMBER Trustee or director | – | $0 |
| TOM WALSH | CHAIR Trustee or director, Officer | – | $0 |
| ANN WENDORFF | BOARD MEMBER Trustee or director | – | $0 |
| SHELLY MAES | EXECUTIVE DI Institutional trustee | – | $0 |
Address and contacts
- Address (IRS master file)
- 100 LONDON RD, MARSHALL, MN 56258-3070
- Principal officer (990 for 2024)
- SHELLY MAES, 1420 E COLLEGE DR, MARSHALL, MN 56258
- Signed the 990
- SHELLY MAES, EXECUTIVE DIRECTOR
- Phone
- (507) 537-2240
- Return prepared by
- WESTBERG-EISCHENS PLLP
Mission
THE FOUNDATION FOR INNOVATION IN EDUCATION WILL PROVIDE ON-GOING SUPPORT FOR DEVELOPING, IMPLEMENTING, AND SUSTAINING OF REGIONAL STUDENT ENRICHMENT PROGRAMS AND ACTIVITIES. IN ADDITION, THE FOUNDATION FOR INNOVATION IN EDUCATION WILL PROVIDE ON-GOING SUPPORT FOR DESIGNING AND IMPLEMENTING INNOVATIVE TEACHING PRACTICES IN THE REGION.
Program accomplishments
- FOSTER COLLABORATION BETWEEN SCHOOL DISTRICTS, BUSINESS AND INDUSTRY, AND SWWC SERVICE COOPERATIVE IN THE ESTABLISHMENT OF PUBLIC/PRIVATE PARTNERSHIPS TO ENHANCE THE MISSION AND PURPOSE OF THE FOUNDATION.Expenses $232,401
- AID, SUPPORT, AND ASSIST SWWC SERVICE COOPERATIVE AND OTHER ORGANIZATIONS BY GIFTS, CONTRIBUTIONS, OR OTHERWISE FOR CHARITABLE AND EDUCATIONAL PURPOSES TO PROVIDE GREATER ACCESS TO STUDENT ACADEMIC ENRICHMENT ACTIVITIES.Expenses $77,453
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
- 82-4640555
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization, Type II
- Donations deductible (Pub 78)
- Supporting organization, 50% limit
- Exempt since
- 2018
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B11)
- Assets (IRS master file)
- $11,923,455
- Income (IRS master file)
- $615,430
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $615,430 | $573,076 | $11,923,455 | XML |
| 990 | June 2024 | $278,530 | $188,124 | $367,495 | XML |
| 990 | June 2023 | $275,696 | $149,549 | $277,089 | IRS |
| 990-EZ | June 2022 | – | – | – | IRS |
| 990-EZ | June 2021 | – | – | – | IRS |
| 990-EZ | June 2020 | – | – | – | IRS |
| 990-EZ | June 2019 | – | – | – | IRS |
| 990-EZ | 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 82-4640555).
Questions about FOUNDATION FOR INNOVATION IN EDUCATION
- What is the EIN of FOUNDATION FOR INNOVATION IN EDUCATION?
- The employer identification number (EIN) of FOUNDATION FOR INNOVATION IN EDUCATION is 82-4640555.
- Is FOUNDATION FOR INNOVATION IN EDUCATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2018.
- Are donations to FOUNDATION FOR INNOVATION IN EDUCATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization, 50% limit).
- Which annual return does FOUNDATION FOR INNOVATION IN EDUCATION 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 FOUNDATION FOR INNOVATION IN EDUCATION 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 FOUNDATION FOR INNOVATION IN EDUCATION 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 FOUNDATION FOR INNOVATION IN EDUCATION?
- The 990 for the year ended June 30, 2025 names SHELLY MAES.
- Who are the officers and directors of FOUNDATION FOR INNOVATION IN EDUCATION?
- The 990 for the year ended June 30, 2025 lists 8 people; 0 received compensation from the organization.
- How much revenue does FOUNDATION FOR INNOVATION IN EDUCATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $615,430, expenses of $573,076 and total assets of $11,923,455 at year end.
Other nonprofits in MARSHALL
- SOUTHWEST MINNESOTA STATE UNIVERSITY FOUNDATION INC SMSU FDN EIN 23-7108470 · last filed 990 for 2025
- PRIDE IN TIGER FOUNDATION EIN 41-1948007 · last filed 990 for 2025
- MARSHALL MUSIC BOOSTERS EIN 41-1649507 · last filed 990-EZ for 2025
- OUTSPOKEN CULTURE EIN 87-4186117 · last filed 990-PF for 2024
- MARSHALL GOLF BOOSTER CLUB INC EIN 27-0354176 · last filed 990-N for 2025
- LARKEN FOUNDATION EIN 47-2299219 · last filed 990-EZ for 2025
- TRUE LIGHT FOUNDATION EIN 84-2023731 · last filed 990-N for 2025
- FRIENDS OF THE MARSHALL-LYON COUNTY LIBRARY EIN 75-3240211 · last filed 990-N for 2025