WESTONKA DISTRICT 277 FOUNDATION CORP CHARTER NO 1N 862

EIN: 411839631 501(c)(3) Education

Mound, MN

Total Revenue
$59,113
Total Expenses
$201,154
Total Assets
$2,294,890
Net Assets
$2,142,565
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1996
Legal Domicile
MN
Principal Officer
Julie M Johnson
Tax Period
2024-07-01 to 2025-06-30

WESTONKA DISTRICT 277 FOUNDATION CORP CHARTER NO 1N 862, founded in 1996, is a micro nonprofit in the Education sector that reported $59K in total revenue in fiscal year 2024. Expenses of $201K exceeded revenue, resulting in a 240% operating deficit.

Mission

The Foundation began in 1996 with the purpose of providing funding for learners of all ages for learning experiences and projects that did not receive funding from the general school district budget. Recipients are selected based on educational value, number of learners impacted, availability of other sources of funding, and demonstrated need for the project. The grant application process calendar is September through May of each school year. In addition, thirteen scholarships were awarded to graduating seniors.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $58,891
Program Service Revenue $0
Investment Income $0
Other Revenue $222
TOTAL REVENUE $59,113

Expense Breakdown

Grants Paid $186,949
Salaries & Benefits $0
Fundraising Expenses $580
Program Expenses $186,949
Other Expenses $14,205
TOTAL EXPENSES $201,154

Year-over-Year Comparison

2024 2023 Change
Revenue $59,113 N/A N/A
Expenses $201,154 N/A N/A
Net Income $-142,041 $0 N/A
Key Indicators
✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Financial Health Indicators

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Liquidity & Cash Position

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Governance

Voting Members
7
Independent Members
7
Employees
N/A
Volunteers
N/A

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Julie M Johnson President 10.00
Officer
$0 $0 $0
Margaret Holste Vice President 2.00
Officer
$0 $0 $0
Diane Bates Treasurer 10.00
Officer
$0 $0 $0
Catie Dittrich Secretary 3.00
Officer
$0 $0 $0
Kari Kantola director 2.00
Director
$0 $0 $0
Kathleen Lohmar Exel director 2.00
Director
$0 $0 $0
Caroline Suttle director 2.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $59,113 $201,154 $2,294,890 $-142,041
2024 $20,819 $534,110 $2,098,151 $-513,291
2023 $17,502 $220,315 $1,694,345 $-202,813
2022 $23,922 $221,943 $1,978,788 $-198,021
2021 $6,250 $198,652 $2,498,147 $-192,402
2020 $16,041 $114,437 $1,994,134 $-98,396
2019 $15,697 $139,079 $1,956,251 $-123,382
2018 $1,270,773 $77,998 $1,835,724 $1,192,775
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