School District No 110 Foundation
Nonprofit profile at a glance
- EIN
- 411809749
- IRS 990-EZ coverage
- 2024–2024
- Forms available
- Form 990 2023, Form 990-EZ 2024
- Location
- Waconia, MN, USA
- Phone
- 9528564517
- Rating
- 31
- Verdict
- REVIEW
- Rating confidence
- Moderate
- Sector
- Private Grantmaking Foundations
Reported finances
- Revenue
- $4,150
- Expenses
- $4,510
- Assets
- $1,563
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
5 people listed
Executive titles in this filing
- Greg Tucker (Vice President)
- Roger Saurebrey (President)
People named in this filing
- Greg Tucker (Vice President)
- Jeff Kaczrowski (Secretary)
- Roger Saurebrey (President)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The School District 110 Foundation provides scholarship-based financial support to qualifying Waconia High School graduating seniors preparing to enter colleges, universities, technical, trade, or vocational schools. Additional financial support is made available to District 110 staff and their curriculum.
What it reported doing in 2024
We want to help equip the next generation of learners to reach their fullest potential. Whether they are awarded a scholarship for academic achievement, community service, or vocational aspirations, the financial support provided to Waconia students over the last 27+ years by the Foundation has proven to demonstrate the passion the entire Waconia community has for the success of its young adults.
Operating model
- Revenue model
- Donor-supported. 68% of the money available for current operations came from contributions and gifts.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
REVIEW - The filed numbers largely add up. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 1
- Transparency & Controls: 72
- Sustainability: 28
- Growth: 0
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 0.6%; rating input score 1
- Program expense ratio: 0.6%; rating input score 1
Transparency & Controls
- Consistency checks: 87.5%; rating input score 88; 2nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: -8.7%; rating input score 32; 32nd percentile among comparable filings
- Total-asset coverage ratio: 0.35; rating input score 23; 23rd percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: -18.1% per year; rating input score 0; 16th percentile among comparable filings
- Asset growth: -21.9% per year; rating input score 0; 9th percentile among comparable filings
Details
- Where the money goes: 0.6% of revenue deployed · 0.6% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $25 in reported program spending
- Leadership: top reported pay $0 · 5 people listed
- Consistency: 6 of 7 current checks pass · 1 finding to review
- Schedules: 2 filed schedules
- Contacts: How to reach this organization
- 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: Mission deployment rate scored 1/100.
- High — Financial Efficiency: Program expense ratio scored 1/100.
- Moderate — Transparency & Controls: Part III transfer expenses within program total did not reconcile in the filed values.
- High — Growth: Revenue growth scored 0/100.
- Moderate — Sustainability: Operating margin scored 32/100.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Total-asset coverage ratio scored 23/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.