MINNESOTA-DAKOTAS KIWANIS EDUCATION AL FOUNDATION

EIN: 416048395 501(c)(3)

ROCHESTER, MN

Total Revenue
$61,554
Total Expenses
$90,523
Total Assets
$1,046,289
Net Assets
$1,046,289
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1934
Legal Domicile
MN
Principal Officer
LOWELL DISRUD
Phone
5079513880
Tax Period
2022-10-01 to 2023-09-30

MINNESOTA-DAKOTAS KIWANIS EDUCATION AL FOUNDATION, founded in 1934, is a micro nonprofit that reported $62K in total revenue in fiscal year 2022. Revenue fell 72% from the prior year — a significant decline worth monitoring. Expenses of $91K exceeded revenue, resulting in a 47% operating deficit.

Mission

PROVIDE SCHOLARSHIPS TO SENIOR HIGH SCHOOL STUDENTS TO BE USED FOR SECONDARY EDUCATION. SCHOLARSHIP AWARDED BASED ON ABILITY, NEED AND PURPOSE WITHOUT DISCRIMINATION.

Program Service Accomplishments

Program 1
Expenses: $74,190

AWARDED SCHOLARSHIPS TO 77 STUDENTS

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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 (2022)

Revenue Breakdown

Contributions & Grants $26,497
Program Service Revenue $0
Investment Income $35,057
Other Revenue $0
TOTAL REVENUE $61,554

Expense Breakdown

Grants Paid $67,900
Salaries & Benefits $12,000
Fundraising Expenses $0
Program Expenses $74,190
Other Expenses $10,623
TOTAL EXPENSES $90,523

Year-over-Year Comparison

2022 2021 Change
Revenue $61,554 $222,307 -0.7%
Expenses $90,523 $68,027 +0.3%
Net Income $-28,969 $154,280 -1.2%
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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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
9
Independent Members
8
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
3
$12,000
Total Directors
9
$12,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JACK ZIERDT SECRETARY/TR 15.00
Officer Director
$12,000 $0 $12,000
CINDY BRASETH TRUSTEE 1.00
Director
$0 $0 $0
DENNIS CORNELL PRESIDENT 1.00
Officer Director
$0 $0 $0
LOWELL DISRUD TRUSTEE 1.00
Director
$0 $0 $0
STEVE FORSETH GOVERNOR/TRU 1.00
Director
$0 $0 $0
STEVE HANDEGAARD GOVERNOR ELE 1.00
Director
$0 $0 $0
BILL LARDY TRUSTEE 1.00
Director
$0 $0 $0
DAN LEIKVOLD VICE-PRESIDE 1.00
Officer Director
$0 $0 $0
SHARON SCUDDER TRUSTEE 1.00
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
2023 $61,554 $90,523 $1,046,289 $-28,969
2022 $222,307 $68,027 $1,036,745 $154,280
2021 $57,275 $63,565 $1,060,861 $-6,290
2020 $66,481 $75,192 $991,179 $-8,711
2018 $25,961 $83,061 $994,485 $-57,100
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