Mahtomedi Area Educational Foundation

Nonprofit profile at a glance

EIN
361276034
IRS 990 coverage
2009–2024
Forms available
Form 990 2024
Location
Mahtomedi, MN, USA
Phone
6514072006
Rating
85
Verdict
STRONG
Rating confidence
Moderate

Official website

Reported finances

Revenue
$566,146
Expenses
$407,198
Assets
$2,449,540
Liabilities
$70,822

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

19 people listed

Executive titles in this filing

  • BARBARA WHITE (PRESIDENT)
  • ANDREA LAMPLAND (VICE PRESIDENT)
  • JAMES HANSEN (PAST PRESIDENT)
  • SUZANNE ANDERSON (EXECUTIVE DIRECTOR)

Highest reported compensation

  • SUZANNE ANDERSON (EXECUTIVE DIRECTOR): $46,074 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Maef supports and enhances mahtomedi public schools to engage, challenge and inspire all students from birth to graduation (e-12).

What it reported doing in 2024

A total of $273,775 was awarded in grants. Our grants committee awarded a total of $82,057 to teachers/staff for innovative curriculum tools, equipment, and continuing education; $3,000 in support of mental wellness programs; $12,200 to support music education in the schools; $91,000 for inclusive and accessible playground equipment; $51,500 to 22 students to assist in their post-secondary pursuits; $700 was awarded to 2 students for summer art programs; $9,300 to support student and teacher community-building programs; and $24,018 in support of basic and emergency needs of students and families within the school district. These funds were used for things such as food and gas gift cards, hygiene and cleaning supplies, eye care, hats, mittens, shoes, clothing, class fees, and summer enrichment.

Operating model

Revenue model
Donor-supported. 72% of the money available for current operations came from contributions and gifts.
Distribution model
Grant intermediary. The nonprofit sent 84% of its reported program spending out as grants.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 76
  • Transparency & Controls: 94
  • Accountability: 90
  • Sustainability: 75
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 84.6%; rating input score 85
  • Program expense ratio: 80.4%; rating input score 80
  • Fundraising efficiency: $5.38 raised per $1 spent on fundraising; rating input score 19; 19th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 76th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 6 of 8 controls in place; rating input score 75
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 28.1%; rating input score 83; 83rd percentile among comparable filings
  • Total-asset coverage ratio: 6.02; rating input score 87; 87th percentile among comparable filings
  • Liabilities to assets ratio: 0.03; rating input score 59; 59th percentile among comparable filings
  • Officer compensation ratio: 11.3%; rating input score 33; 33rd percentile among comparable filings

Growth

  • Program expense growth: 3.2% per year; rating input score 100; 33rd percentile among comparable filings
  • Revenue growth: 3% per year; rating input score 100; 31st percentile among comparable filings
  • Asset growth: 9.5% per year; rating input score 100; 57th percentile among comparable filings

Details

  • Where the money goes: 84.6% of revenue deployed · 80.4% of spending went to programs
  • Governance: 18 of 18 board members independent · 6 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $327K in reported program spending
  • Leadership: top reported pay $46K · 19 people listed
  • Consistency: 25 of 25 current checks pass
  • Schedules: 6 filed schedules · includes major donors and grants
  • Filing history: 12 filing years from 2009 to 2024
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • Related organizations: 1 filed related-organization link
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Financial Efficiency: Fundraising efficiency scored 19/100.
  • Review — Accountability: Governance controls: Independent financial-statement audit not reported.
  • Moderate — Sustainability: Officer compensation ratio scored 33/100.
  • Review — Sustainability: Liabilities to assets ratio scored 59/100.