Overview
What is The Eagan Foundation Incorporated?
The Eagan Foundation Incorporated, located in Eagan, Minnesota, serves as a driving force for community development. Established in 1991, this nonprofit organization has been awarding scholarships to deserving graduating seniors from the Eagan area, totaling over 2.2 million dollars in financial aid to date. Scholarship recipients are chosen based on academic merit, financial need, and other requirements. Beyond scholarship programs, The Eagan Foundation encourages, supports, and boosts collaborative efforts to address community needs, acting as a catalyst for innovative ideas and funding solutions. The foundation's mission is to foster a collaborative environment where community needs are effectively met.
Official website here: www.eaganfoundation.org
Is The Eagan Foundation Incorporated legitimate?
The Eagan Foundation Incorporated is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Eagan Foundation Incorporated 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: $41,586
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.eaganfoundation.org
What is the mission statement of The Eagan Foundation Incorporated?
The Eagan Foundation Incorporated encourages, supports, and enhances innovative concepts, financing, and collaborative efforts to address community needs. Their mission encompasses fostering ideas, providing funding, and promoting collective action to meet various requirements within the community. The foundation showcases this by distributing scholarships annually. In 2022, they awarded 114 scholarships totalling $140,330 to deserving graduating seniors, based on merit, financial need, and other criteria. Since 1991, a cumulative 2,344 scholarships have been granted, amounting to over $2.2 million in financial aid.
Official website here: www.eaganfoundation.org
What is the revenue of The Eagan Foundation Incorporated?
The Eagan Foundation Incorporated's revenue in 2023 was $254,993.
Official website here: www.eaganfoundation.org
Who are the executives of The Eagan Foundation Incorporated and what are their salaries?
There 83 volunteers at The Eagan Foundation Incorporated.
Here are 31 key members and their salaries:
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Official website here: www.eaganfoundation.org
Where can I find the form 990 for The Eagan Foundation Incorporated?
The Eagan Foundation Incorporated's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.eaganfoundation.org
Learn more at the official website: www.eaganfoundation.org
Mission Statement of The Eagan Foundation Incorporated
The Eagan Foundation Incorporated is an organization that encourages, supports, and enhances ideas, funding, and collaborative action to meet community needs. Its mission is centered around fostering an environment that promotes the development and implementation of initiatives that address pressing community concerns. The foundation does this by providing funding, encouraging collaboration, and supporting innovative ideas that aim to address these needs.
In practice, The Eagan Foundation Incorporated demonstrates its mission through its scholarship program. This program, which has been in operation since 1991, has awarded over 2,344 scholarships totaling over 2.2 million dollars. These scholarships are awarded to graduating seniors residing in the Eagan area or attending Eagan High School. The selection process for these scholarships considers academic merit, financial need, and other requirements. The foundation's investment in education is a testament to its commitment to supporting the future leaders of its community.
In summary, The Eagan Foundation Incorporated is a mission-driven organization that works to improve its community by encouraging innovative ideas, providing funding, and fostering collaboration. Through its scholarship program, the foundation demonstrates its commitment to supporting the educational aspirations of its local youth, investing in their future and contributing to the overall well-being of its community.
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Impact
October, 2024
The Eagan Foundation Incorporated plays a vital role in empowering the local community, particularly through its scholarship initiatives for graduating seniors. In 2022 alone, the foundation distributed 114 scholarship awards totaling $140,330, assisting students either residing in Eagan or attending Eagan High School. These scholarships recognize academic merit and financial need, helping to pave the way for students to pursue higher education.
Since its inception in 1991, the foundation has awarded a remarkable 2,344 scholarships, amounting to over $2.28 million. This significant investment in education not only alleviates financial burdens for students and their families but also fosters a culture of academic excellence and ambition within the community. By encouraging collaboration and supporting innovative ideas, the Eagan Foundation enhances the overall educational landscape, helping to shape future leaders and contributors to society.
This information is meant to be a general summary of The Eagan Foundation Incorporated. 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $5,946
- Program Service Revenue: $39,580
- Gross Receipts: $262,630
Assets and Liabilities:
- Total Assets: $209,871
- Total Liabilities: $20,689
- Net Assets: $189,182
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FIDUCIARY PROGRAM REVENUE
Revenue
$30,680
ADMINISTRATIVE FEE
Revenue
$8,900
Organization Details
Founding Year
1990
Principal Officer
Megan Flanagan
Website
www.eaganfoundation.orgNTEE Category
Code: B82Z - Education
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