DESTINATION EDUCATION A SCHOLARSHIP FOUNDATION

EIN: 611631225 501(c)(3) Education

ST PAUL, MN

Total Revenue
$100,185
Total Expenses
$29,177
Total Assets
$366,473
Net Assets
$366,227
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2010
Legal Domicile
MN
Principal Officer
RACHEL JENNER
Phone
6516363060
Tax Period
2021-01-01 to 2021-12-31

DESTINATION EDUCATION A SCHOLARSHIP FOUNDATION, founded in 2010, is a small nonprofit in the Education sector that reported $100K in total revenue in fiscal year 2021. Revenue surged 365% from the prior year, signaling strong growth momentum. The organization ran a surplus of $71K, a strong 71% operating margin.

Mission

TO PROVIDE SCHOLARSHIPS AND FUNDING OPPORTUNITIES TO YOUTH FOR ACTIVITIES PROMOTING THE FURTHERANCE OF EDUCATION. TO ADVANCE EDUCATION AND SCIENCE, COMBAT COMMUNITY DETERIORATION AND LESSEN THE BURDENS OF GOVERNMENT.

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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 (2021)

Revenue Breakdown

Contributions & Grants $1,652
Program Service Revenue $0
Investment Income $48
Other Revenue $98,485
TOTAL REVENUE $100,185

Expense Breakdown

Grants Paid $5,000
Salaries & Benefits $12,546
Fundraising Expenses $0
Program Expenses $24,499
Other Expenses $11,631
TOTAL EXPENSES $29,177

Year-over-Year Comparison

2021 2020 Change
Revenue $100,185 $21,560 +3.6%
Expenses $29,177 $31,342 -0.1%
Net Income $71,008 $-9,782 -8.3%
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
16
Independent Members
8
Employees
6
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
$15,620
Total Directors
16
$24,564
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RACHEL JENNER PRESIDENT 1.00
Officer Director
$0 $0 $0
GALE PEDERSON VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
DAVE KILL TREASURER/SECRETARY 1.00
Officer Director
$0 $0 $0
MIKE KIRCHNER BOARD MEMBER 1.00
Director
$0 $0 $0
RYAN JENNER BOARD MEMBER 1.00
Director
$0 $0 $0
MONICA LEEDOM BOARD MEMBER/GAMBLING MANAGER 20.00
Officer Director
$6,676 $0 $6,676
DALE MARISTUEN BOARD MEMBER 1.00
Director
$0 $0 $0
ROBERT MATSON EXECUTIVE DIRECTOR 10.00
Officer Director
$8,944 $0 $8,944
CHARLOTTE OLEIN BOARD MEMBER 1.00
Director
$0 $0 $0
WILLIAM OLEIN BOARD MEMBER 1.00
Director
$0 $0 $0
MARISA PECK BOARD MEMBER 1.00
Director
$0 $0 $0
CHRIS SCHMIDT BOARD MEMBER 1.00
Director
$8,944 $0 $8,944
MINDY SCHMIDT BOARD MEMBER 1.00
Director
$0 $0 $0
RUSS SCHMIDT BOARD MEMBER 1.00
Director
$0 $0 $0
GWEN BENHAM BOARD MEMBER 1.00
Director
$0 $0 $0
BOB KAYE BOARD MEMBER 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
2021 $100,185 $29,177 $366,473 $71,008
2020 $21,560 $31,342 $253,860 $-9,782
2019 $33,988 $42,384 $242,440 $-8,396
2018 $16,689 $45,301 $214,734 $-28,612
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