THE EDUCATION FOUNDATION OF THE MASON CITY PUBLIC SCHOOLS

EIN: 421450042 501(c)(3) Philanthropy & Grantmaking

MASON CITY, IA

Total Revenue
$785,100
Total Expenses
$138,185
Total Assets
$3,400,131
Net Assets
$3,279,601
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
1996
Legal Domicile
IA
Principal Officer
JAY LALA
Phone
6414214401
Tax Period
2024-07-01 to 2025-06-30

THE EDUCATION FOUNDATION OF THE MASON CITY PUBLIC SCHOOLS, founded in 1996, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $785K in total revenue in fiscal year 2024. Revenue surged 29% from the prior year, signaling strong growth momentum. The organization ran a surplus of $647K, a strong 82% operating margin.

Mission

EDUCATIONAL SCHOLARSHIPS

Program Service Accomplishments

Program 1
Expenses: $118,681

COLLEGE SCHOLARSHIPS PROVIDED TO STUDENTS. SCHOLARSHIP AWARDS PROVIDED TO 100 RECIPIENTS.

Program 2
Expenses: $9,630

MINI GRANTS ARE PROVIDED TO INSTRUCTORS AT MASON CITY PUBLIC SCHOOLS TO SUPPORT AND SUPPLEMENT CURRICULUM, PROJECTS, MATERIALS, EQUIPMENT, AND TRIPS THAT ARE USED OR FACILITATED BY AN INSTRUCTOR THAT...

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MINI GRANTS ARE PROVIDED TO INSTRUCTORS AT MASON CITY PUBLIC SCHOOLS TO SUPPORT AND SUPPLEMENT CURRICULUM, PROJECTS, MATERIALS, EQUIPMENT, AND TRIPS THAT ARE USED OR FACILITATED BY AN INSTRUCTOR THAT ARE OVER AND ABOVE THE REQUIRED CURRICULUM AND PROGRAMMING.

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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 $629,723
Program Service Revenue $0
Investment Income $155,377
Other Revenue $0
TOTAL REVENUE $785,100

Expense Breakdown

Grants Paid $128,311
Salaries & Benefits $0
Fundraising Expenses $1,406
Program Expenses $128,311
Other Expenses $9,874
TOTAL EXPENSES $138,185

Year-over-Year Comparison

2024 2023 Change
Revenue $785,100 $610,054 +0.3%
Expenses $138,185 $148,011 -0.1%
Net Income $646,915 $462,043 +0.4%
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
11
Independent Members
11
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
2
$0
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOHN BARRON DIRECTOR N/A
Director
$0 $0 $0
KRISTIN BUEHNER SECRETARY N/A
Officer Director
$0 $0 $0
JOSH CONGELLO DIRECTOR N/A
Director
$0 $0 $0
JODI DRAPER DIRECTOR N/A
Director
$0 $0 $0
JAY LALA PRESIDENT N/A
Officer Director
$0 $0 $0
HEIDI MARQUARDT DIRECTOR N/A
Director
$0 $0 $0
LINDA MUTH DIRECTOR N/A
Director
$0 $0 $0
KELLEY O'ROURKE DIRECTOR N/A
Director
$0 $0 $0
KARLA WYMORE DIRECTOR N/A
Director
$0 $0 $0
VANESSA YOUNG DIRECTOR N/A
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 $785,100 $138,185 $3,400,131 $646,915
2024 $610,054 $148,011 $2,603,963 $462,043
2023 $275,915 $127,059 $2,048,165 $148,856
2022 $151,994 $102,670 $1,863,437 $49,324
2021 $196,260 $70,782 $1,556,258 $125,478
2020 $89,081 $54,060 $1,192,525 $35,021
2019 $64,595 $72,960 $1,164,998 $-8,365
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