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Great Expectations Foundation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 205931949 ✦ Grand marais, MN ✦ Designated as a 501(c)(3)

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Overview

What is Great Expectations Foundation?

The Great Expectations Foundation, located in Grand Marais, Minnesota, is a dedicated nonprofit organization. Its primary role is to provide financial, leadership, and community support for the Great Expectations School, a public charter school with around 60 students from grades K-8. The foundation's mission extends beyond financial aid, as it also offers leadership guidance and fosters community involvement for the school and its public-supported affiliates. The foundation focuses on ensuring the school's success and well-being, furthering education and community development.


Official website here: www.greatexpectationsschool.com

Is Great Expectations Foundation legitimate?

Great Expectations Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Great Expectations Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.greatexpectationsschool.com

What is the mission statement of Great Expectations Foundation?

The Great Expectations Foundation's mission is centered around providing various forms of support to the Great Expectations School and its public-supported affiliates. This encompasses offering financial assistance, leadership guidance, and fostering a sense of community. The foundation's primary goal is to contribute in these ways to ensure the school's success and well-being. It is worth noting that the foundation owns the land and building that the Great Expectations School, a public charter school serving approximately 60 students from grades K-8, rents for its exclusive use.


Official website here: www.greatexpectationsschool.com

Who is the CEO of Great Expectations Foundation?

Howard Hedstrom is the Member At L of Great Expectations Foundation.


Official website here: www.greatexpectationsschool.com

What is the revenue of Great Expectations Foundation?

Great Expectations Foundation's revenue in 2022 was $201,218.


Official website here: www.greatexpectationsschool.com

Who are the executives of Great Expectations Foundation and what are their salaries?


Here are 8 key members and their salaries:


Judi Barsness (Member At L)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kay Costello (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Howard Hedstrom (Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mike Hofer (Member At La)
  • Compensation: $0
  • Related: $0
  • Other: $0
Beth Kennedy (Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tom Morse (Member At La)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bob Padzieski (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Carol Stender (Member At La)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.greatexpectationsschool.com

Where can I find the form 990 for Great Expectations Foundation?

Great Expectations Foundation's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.greatexpectationsschool.com

Learn more at the official website: www.greatexpectationsschool.com

Mission Statement of Great Expectations Foundation

The Great Expectations Foundation is dedicated to supporting the Great Expectations School and its public-backed affiliates. Their mission encompasses providing financial aid, leadership guidance, and community support to this educational institution. The foundation's role is crucial in ensuring that the Great Expectations School, a public charter school with approximately 60 students from grades K-8, has the necessary resources to operate effectively. By owning the land and building that the school rents, the Great Expectations Foundation plays a significant role in the school's success.

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Impact




October, 2024

The Great Expectations Foundation significantly enhances educational opportunities for students at the Great Expectations School in Grand Marais, MN, serving grades K-8. By providing essential financial, leadership, and community support, the foundation plays a crucial role in ensuring the school's success and sustainability.

Owning the land and building exclusively used by the school, the foundation alleviates financial burdens associated with facilities management, allowing for resources to be redirected towards student learning and development. Its impact extends beyond merely providing a physical space; the foundation fosters a supportive environment that cultivates educational excellence and community involvement.

Through its initiatives, the Great Expectations Foundation contributes to a vibrant educational ecosystem, helping to nurture the potential of approximately 60 students while promoting a strong community connection. The foundation’s efforts not only empower educators and students but also inspire broader philanthropic engagement, underscoring the importance of supporting local educational institutions.




This information is meant to be a general summary of Great Expectations Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$201,218 (2022)
Expenses
$84,473 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $934
  • Program Service Revenue: $154,000
  • Gross Receipts: $201,218

Assets and Liabilities:

  • Total Assets: $1,037,068
  • Total Liabilities: $574,059
  • Net Assets: $463,009

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

RENTAL INCOME FROM SCHOOL

Revenue

$154,000

Organization Details

Founding Year

2007

Principal Officer

Howard Hedstrom

Main Address

P O BOX 310, GRAND MARAIS, MN, 55604

NTEE Category

Code: T990 - Philanthropy

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