Skip to content

Minnesota · Nonprofit

OWATONNA INDEPENDENT SCHOOL DISTRICT NO 761 FOUNDATION

OWATONNA INDEPENDENT SCHOOL DISTRICT NO 761 FOUNDATION (Minnesota) receives grants from 3 organizations whose IRS filings report $142,500 to it, the largest being MIDWEST MINNESOTA COMMUNITY DEVELOPMENT CORPORATION ($90,000). 3 of them have funded it in more than one year.

Revenue FY2024
$364k
Funders on record
3
Grants received
$143k
Net assets
$3.4M
3/3 repeat funderspeak grant-dependency 19%
01What it does

What Owatonna Independent School District No 761 Foundation does

Mission

To advance, support, promote and administer activities which enhance and augment public educational facilities and opportunities.

As stated on its FY2024 Form 990.

Program

  1. Support various educational programs at owatonna public schools.

    $328,516 spentof which $328,516 as grants
    100% of program spending

The program described on its FY2023 Form 990. Program spending in total: $328,516.

02The organization over time

The organization over time

Each line starts at 100 in 2018, so what you read is the shape rather than the size: 150 means half as much again as 2018, 50 means half. The number beside each label in the key is where it ended.

100 = 20182018 Revenue 100 ($180k) Expenses 100 ($244k) Net assets 100 ($3.4M)2019 Revenue 140 ($252k) Expenses 117 ($285k) Net assets 110 ($3.8M)2020 Revenue 206 ($370k) Expenses 99 ($240k) Net assets 120 ($4.1M)2021 Revenue 164 ($296k) Expenses 160 ($390k) Net assets 116 ($3.9M)2022 Revenue 173 ($311k) Expenses 134 ($326k) Net assets 96 ($3.3M)2023 Revenue 227 ($408k) Expenses 150 ($365k) Net assets 102 ($3.5M)2024 Revenue 202 ($364k) Expenses 143 ($348k) Net assets 101 ($3.4M)
2018201920202021202220232024
Revenue (202)Expenses (143)Net assets (101)

Balance sheet

Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2021 to 2022, from $3.9M to $3.3M (−17%).

$3.4M
$3.8M
$4.1M
$3.9M
$3.3M
$3.5M
$3.4M
2018201920202021202220232024
Total assetsTotal liabilities

How it's funded, over time

Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.

2018
2019
2020
2021
2022
2023
2024
ContributionsProgram revenueInvestmentOther

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 4 of the last 7 reported years ran a deficit.

−$64k
’18
−$33k
’19
$130k
’20
−$94k
’21
−$15k
’22
$43k
’23
$16k
’24
4.0
months of
reserve

Leadership and staff

The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.

Board chair

Bruce Paulson

Chair

As listed on its FY2024 Form 990.

2018201920202021202220232024
Listed12141314131313
Joined·+2+0+2+0+1+0
No longer listed·011110
03Who funds it

Who funds it, year by year

2017 → 2023: the base broadened from 1 funder to 2 funders, grant income rose $10k → $50k.

Funder
'17
'18
'21
'22
'23
'24*
total
funders
1
1
1
2
2
1

1 of 3 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 28% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.

From the IRS filings of OWATONNA INDEPENDENT SCHOOL DISTRICT NO 761 FOUNDATION’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How concentrated its funding is

OWATONNA INDEPENDENT SCHOOL DISTRICT NO 761 FOUNDATION leans on a few funders — its largest provides 63% of grant income and the top three 100%; half comes from just 1 funder.

the vertical line marks half of all grant income — 1 funder to its left

100% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund OWATONNA INDEPENDENT SCHOOL DISTRICT NO 761 FOUNDATION.

63%
largest funder
100%
top three
~2
effective funders

Largest funder’s share by year: 2017 100% · 2018 100% · 2021 100% · 2022 83% · 2023 80% — diversifying over time.

“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

Where its funders are

100% of OWATONNA INDEPENDENT SCHOOL DISTRICT NO 761 FOUNDATION's grant income comes from Minnesota funders.

MN

In-state vs out-of-state, by year

’17
’18
’22
’23
Minnesota out of state home

Funder states come from each funder’s own filing. $40k arriving through sponsors registered in 1 state is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

04Its place in the field

Organizations like OWATONNA INDEPENDENT SCHOOL DISTRICT NO 761 FOUNDATION

Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.

In Minnesota

Nationally

05Profile & governance

Read directly from this organization’s own Form 990, as neutral context.

Where the money goes

95% of spending goes to programs.

Program 95%Management 5%Fundraising 0%

Governance

13
board members
100%
independent
–Conflict-of-interest policy–Whistleblower policy–Document retention–Board reviewed the 990✓Audited financials

Footprint & structure

Files a return copy in 1 state

MN

Screen this organization

A dated, signed PDF of the compliance screen for OWATONNA INDEPENDENT SCHOOL DISTRICT NO 761 FOUNDATION: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.

A paid feature, included from the $75 plan up. Sign in to download.

Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf

Questions and answers

Who funds OWATONNA INDEPENDENT SCHOOL DISTRICT NO 761 FOUNDATION?
OWATONNA INDEPENDENT SCHOOL DISTRICT NO 761 FOUNDATION (Minnesota) receives grants from 3 organizations whose IRS filings report $142,500 to it, the largest being MIDWEST MINNESOTA COMMUNITY DEVELOPMENT CORPORATION ($90,000). 3 of them have funded it in more than one year.
How many funders does OWATONNA INDEPENDENT SCHOOL DISTRICT NO 761 FOUNDATION have?
IRS filings report 3 organizations giving $142,500 in grants to OWATONNA INDEPENDENT SCHOOL DISTRICT NO 761 FOUNDATION, 3 of which have funded it in more than one year.
Who is the largest funder of OWATONNA INDEPENDENT SCHOOL DISTRICT NO 761 FOUNDATION?
MIDWEST MINNESOTA COMMUNITY DEVELOPMENT CORPORATION is the largest funder on record, with $90,000 in grants. The full list of funders is on this page.
How can an organization like OWATONNA INDEPENDENT SCHOOL DISTRICT NO 761 FOUNDATION find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in Minnesota. The funding by cause and by state pages list the largest funders for a given area and how to approach them.

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2024 (financials across 2018–2024), and the filings of 3 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing