MID PRAIRIE COMMUNITY SCHOOL DISTRICT FOUNDATION

EIN: 421304224 501(c)(3) Education

KALONA, IA

Total Revenue
$390,234
Total Expenses
$273,567
Total Assets
$2,537,808
Net Assets
$2,537,808
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1987
Legal Domicile
IA
Principal Officer
HAYLEY HERSHBERGER
Phone
3196462850
Tax Period
2024-01-01 to 2024-12-31

MID PRAIRIE COMMUNITY SCHOOL DISTRICT FOUNDATION, founded in 1987, is a small nonprofit in the Education sector that reported $390K in total revenue in fiscal year 2024. The organization ran a surplus of $117K, a strong 30% operating margin.

Mission

THE FOUNDATION'S MISSION IS TO MAINTAIN AND INCREASE THE EDUCATIONAL EXCELLENCE OF THE MID-PRAIRIE SCHOOL DISTRICT BY SOLICITING FUNDS AND USING SUCH FUNDS TO FACILITATE PROJECTS AND EXPENDITURES WHICH WILL DEVELOP AND EXTEND THE EDUCATIONAL OPPORTUNITIES AVAILABLE TO ITS STUDENTS, STAFF, FACULTY AND THE RESIDENTS OF THE GEOGRAPHICAL AREA WHICH IT SERVES. THE FOUNDATION EXTENDS THE REACH OF THE MID-PRAIRIE SCHOOL DISTRICT THROUGH VARIOUS MAIN AVENUES OF SUPPORT INCLUDING: FUNDING OF SCHOLARSHIPS, EXPENDITURES TO FURTHER EDUCATIONAL PROGRAMS, TEACHER REWARDS AND FACILITIES EXPANSION & RENOVATION.

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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 $283,370
Program Service Revenue $0
Investment Income $117,624
Other Revenue $-10,760
TOTAL REVENUE $390,234

Expense Breakdown

Grants Paid $124,112
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $260,711
Other Expenses $149,455
TOTAL EXPENSES $273,567

Year-over-Year Comparison

2024 2023 Change
Revenue $390,234 $361,998 +0.1%
Expenses $273,567 $257,522 +0.1%
Net Income $116,667 $104,476 +0.1%
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

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
14
Independent Members
14
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
5
$0
Total Directors
14
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
HAYLEY HERSHBERGER PRESIDENT 1.00
Officer Director
$0 $0 $0
GREG GENT TRUSTEE 1.00
Director
$0 $0 $0
LUANN MILLER TRUSTEE 1.00
Director
$0 $0 $0
CHRISTIAN SWARTZENTRUBER SECRETARY 1.00
Officer Director
$0 $0 $0
JUNELL DUWA TREASURER 1.00
Officer Director
$0 $0 $0
GERRY BEELER VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
NICOLE NARAINE TRUSTEE 1.00
Director
$0 $0 $0
ELISA LYONS TRUSTEE 1.00
Director
$0 $0 $0
KATIE MILLER TRUSTEE 1.00
Director
$0 $0 $0
KARI STATLER SCHOLAR SECRETARY 1.00
Officer Director
$0 $0 $0
CHRIS KERN TRUSTEE 1.00
Director
$0 $0 $0
COURTNEY GENT TRUSTEE 1.00
Director
$0 $0 $0
JANELLE BROPHY TRUSTEE 1.00
Director
$0 $0 $0
BRI CLARAHAN 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
2024 $390,234 $273,567 $2,537,808 $116,667
2023 $361,998 $257,522 $2,379,180 $104,476
2022 $358,449 $218,816 $2,179,861 $139,633
2021 $262,894 $144,964 $2,204,791 $117,930
2020 $240,190 $157,215 $2,032,342 $82,975
2019 $352,193 $104,956 $1,898,820 $247,237
2018 $438,895 $128,159 $1,584,365 $310,736
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