ORONO FOUNDATION FOR EDUCATION

EIN: 411974305 501(c)(3) Education

LONG LAKE, MN

Total Revenue
$980,265
Total Expenses
$1,019,552
Total Assets
$3,001,200
Net Assets
$2,790,377
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2000
Legal Domicile
MN
Principal Officer
LAURA KLOSS
Phone
9525456873
Tax Period
2024-07-01 to 2025-06-30

ORONO FOUNDATION FOR EDUCATION, founded in 2000, is a small nonprofit in the Education sector that reported $980K in total revenue in fiscal year 2024. Revenue surged 82% from the prior year, signaling strong growth momentum. Net assets of $2.8M represent 34 months of operating reserves.

Mission

THE ORONO FOUNDATION FOR EDUCATION WORKS TO HARNESS THE COMMUNITY'S TIME, TALENT AND FINANCIAL RESOURCES TO ENSURE THE ORONO SCHOOL DISTRICT HAS THE RESOURCES TO CONTINUE ITS TRADITION OF EXCELLENCE AND TO EMPOWER ALL STUDENTS TO ACHIEVE THEIR HIGHEST POTENTIAL.

Program Service Accomplishments

Program 1
Expenses: $630,000

EXCELLENCE FUNDS OTHER TEMPORARY RESTRICTED FUNDS (I.E. EXCELLENCE FUNDS), ARE FOR SPECIFIC USESS BY THE SCHOOL AND THESE DONATIONS ARE GRANTED AS REQUESTED BY THE DISTRICT AND APPROVED BY THE...

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EXCELLENCE FUNDS OTHER TEMPORARY RESTRICTED FUNDS (I.E. EXCELLENCE FUNDS), ARE FOR SPECIFIC USESS BY THE SCHOOL AND THESE DONATIONS ARE GRANTED AS REQUESTED BY THE DISTRICT AND APPROVED BY THE FOUNDATION. EXCELLENCE FUNDS INCLUDE: ACADEMICS/LITERACY, CHARACTER, ARTS, ATHLETICS, BUILDING AND GROUNDS, LEADERSHIP AND ETHICS, EDUCATOR EXCELLENCE, AND TECHNOLOGY. OTHER EXCELLENCE FUNDS MAY BE CREATED FROM TIME TO TIME AS DETERMINED BY THE BOARD. THIS YEAR, THE FOUNDATION GRANTED THE SCHOOLS $630,000 THROUGH IT'S EXCELENCE FUNDS. THIS AMOUNT INCLUDES $350,000 FROM BUILDING AND GROUNDS THAT WENT TOWARD THE NEW COLLEGE & CAREER CENTER AT ORONO HIGH SCHOOL AND IMPROVEMENTS TO LIGHTING IN THE OHS AUDITORIUM. IN ADDITION, $110,000 FROM EDUCATOR EXCELLENCE ENHANCING TEACHER AND STAFF PROFESSIONAL DEVELOPMENT OPPORTUNITIES ACROSS THE DISTRICT, $125,000 FROM ACADEMICS/LITERACY TO SUPPORT K-8 LITERACY AND READING INTERVENTION AS WELL AS THE NEW MN STATE MANDATED ARTS & LETTERS CURRICULUM ADOPTION, AND $45,000 FOR CHARACTER EDUCATION RESOURCES AND TEACHER/STAFF TRAINING ACROSS ALL GRADES - PRE-K TO 12TH GRADE.

Program 2
Expenses: $209,000

ANNUAL FUND GRANT THE FOUNDATION PROVIDES A GENERAL OPERATING GRANT TO THE ORONO SCHOOL DISTRICT EACH YEAR TO SUPPORT A WIDE VARIETY OF K-12 EDUCATIONAL EXPENSES. THE ORONO SCHOOL DISTRICT THEN...

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ANNUAL FUND GRANT THE FOUNDATION PROVIDES A GENERAL OPERATING GRANT TO THE ORONO SCHOOL DISTRICT EACH YEAR TO SUPPORT A WIDE VARIETY OF K-12 EDUCATIONAL EXPENSES. THE ORONO SCHOOL DISTRICT THEN ALLOCATES THESE DOLLARS TO KEY STRATEGIC PRIORITIES AND PRESSING BUDGETARY NEEDS. THIS YEAR, THE FOUNDATION GRANTED THE SCHOOLS $209,000 THROUGH IT'S ANNUAL FUND. IN RECENT YEARS, ANNUAL GRANTS HAVE BEEN UTILIZED BY THE SCHOOLS TO SUSTAIN EXEMPLARY PROGRAMS THAT EXPONAD ON AND ENHANCE STUDENT ACADEMICS AND EXPERIENCES. EXAMPLES OF THESE PROGRAMS ARE K-8 WORLD LANGUAGES AND HIGH SCHOOL ADVANVED PLACEMENT (AP) COURSES. THE ANNUAL GRANT ALSO INCLUDES $6,000 IN POST-SECONDARY SCHOLARSHIPS FOR GRADUATING SENIORS AND $3,000 FOR THE ORONO SCHOOL DISTRICT RETIREMENT AND YEARS OF SERVICE BREAKFAST.

Program 3
Expenses: $47,838

THE ORONO ALUMNI WALL OF FAME WAS ESTABLISHED AT ORONO HIGH SCHOOL IN 2024 TO HONOR ALUMNI WHO HAVE CONTRIBUTED TO THEIR CAREERS AND COMMUNITIES IN SIGNIFICANT AND MEANINGFUL WAYS. THIS PROJECT WAS...

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THE ORONO ALUMNI WALL OF FAME WAS ESTABLISHED AT ORONO HIGH SCHOOL IN 2024 TO HONOR ALUMNI WHO HAVE CONTRIBUTED TO THEIR CAREERS AND COMMUNITIES IN SIGNIFICANT AND MEANINGFUL WAYS. THIS PROJECT WAS PRIMARILY PAID FOR THROUGH A GRANT SUBMITTED TO ORONO SCHOOLS IN THE 2024-2025 SCHOOL YEAR. THE ADDITIONAL $181 GRANT REQUESTED IN SEPTEMBER 2024 COVERED COSTS ACCRUED DURING THE SUMMER BUILD THAT WERE BEYOND THE ORIGINAL QUOTE FOR THE PROJECT.

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Trantor Score

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $676,682
Program Service Revenue $0
Investment Income $264,739
Other Revenue $38,844
TOTAL REVENUE $980,265

Expense Breakdown

Grants Paid $839,181
Salaries & Benefits $90,549
Fundraising Expenses $33,362
Program Expenses $886,838
Other Expenses $89,822
TOTAL EXPENSES $1,019,552

Year-over-Year Comparison

2024 2023 Change
Revenue $980,265 $539,211 +0.8%
Expenses $1,019,552 $674,858 +0.5%
Net Income $-39,287 $-135,647 -0.7%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
10
Independent Members
10
Employees
1
Volunteers
22

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
5
$81,472
Total Directors
12
$81,472
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LAURA KLOSS DIRECTOR OF DEVELOPMENT AND DONOR STEWARDSHIP 40.00
Officer Director
$79,035 $2,437 $81,472
KATIE HOLLERMAN BOARD CHAIR 10.00
Officer Director
$0 $0 $0
ALEXA HANSEN VICE CHAIR 10.00
Officer Director
$0 $0 $0
KATIE PARKS SECRETARY 3.00
Officer Director
$0 $0 $0
KADEE WATKINS TREASURER 3.00
Officer Director
$0 $0 $0
LESLIE LOCKE BOARD MEMBER 3.00
Director
$0 $0 $0
MEGHAN MAYER BOARD MEMBER 3.00
Director
$0 $0 $0
AMY MITCHELL BOARD MEMBER 3.00
Director
$0 $0 $0
STEPHANIE SARANTOPOULOS BOARD MEMBER 3.00
Director
$0 $0 $0
PAUL SPRINGMEYER BOARD MEMBER 3.00
Director
$0 $0 $0
GAVIN TEMPERO BOARD MEMBER 3.00
Director
$0 $0 $0
MOLLY WILSON BOARD MEMBER 3.00
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 $980,265 $1,019,552 $3,001,200 $-39,287
2024 $539,211 $674,858 $3,497,438 $-135,647
2023 $672,144 $666,894 $2,812,726 $5,250
2022 $480,451 $593,530 $2,798,636 $-113,079
2021 $744,310 $416,220 $2,300,709 $328,090
2020 $-397,382 $632,269 $1,730,922 $-1,029,651
2019 $718,827 $726,054 $2,840,781 $-7,227
2018 $2,732,783 $1,014,566 $3,048,713 $1,718,217
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