Nonprofits›Fergus Area College Foundation

Education

Fergus Area College Foundation

FERGUS FALLS, MN

WebsiteView as a funder

Total revenue

$1.0M

Total expenses

$682K

Net assets

$8.4M

Grants received

$1.0M

21 grants

EIN

416054755

Tax year

2024

Mission

Through the support of donors, fergus area college foundation provides resources to enrich learning, living, working and serving.

Programs

1 program

Special purpose grants and support to the college community in the areas of academics, fine arts, athletics, student activities, facility enhancement, annual bigwood lecture series, booster club activities, and graduation awards & recognition.

Expenses: $274KGrants: $274K

Financials

FY 2024

Revenue

Contributions & grants$379K
Program service revenue—
Investment income$664K
Other revenue—
Total revenue$1.0M

Expenses

Grants paid$466K
Salaries & benefits—
Fundraising$128K
Other expenses$217K
Total expenses$682K
Total assets$8.4M
Net assets$8.4M

People

11 listed

NameRoleCompensation

PEG KALAR

DIRECTOR

Board

$2K

1 hrs/wk

JEFF STANISLAWSKI

VICE PRESIDE

Board

—

2 hrs/wk

ERIN SMITH

SECRETARY

Board

—

2 hrs/wk

LANNY HENDRICKSON

TREASURER

Board

—

2 hrs/wk

GAIL HEDSTROM

DIRECTOR

Board

—

1 hrs/wk

PAUL LUNDEEN

DIRECTOR

Board

—

1 hrs/wk

KENT MATTSON

DIRECTOR

Board

—

1 hrs/wk

TONY RENDZ

DIRECTOR

Board

—

1 hrs/wk

WALLY SENYK

DIRECTOR

Board

—

1 hrs/wk

MACKENZIE PROVOST

PRESIDENT

Board

—

2 hrs/wk

MIKE WALLS

DIRECTOR

Board

—

1 hrs/wk

Grants received

Showing 21 of 21

FromAmountPurposeYear
JA WEDUM FOUNDATION
$50K
GENERAL OPERATING
2024
Otter Tail Power Company Foundation
$2K
General Operations
2024
FRANK W VEDEN CHARITABLE TRUST
$200K
GENERAL SUPPORT
2023
JA WEDUM FOUNDATION
$15K
SCHOLARSHIP PROGRAMS
2023
FIDELITY INVESTMENTS CHARITABLE GIFT FUND
$7K
For grant recipient's exempt purposes
2023
HM & CM IVERSON CHARITABLE TRUST UW
$6K
GENERAL OPERATING
2023
Otter Tail Power Company Foundation
$5K
Education
2023
JA WEDUM FOUNDATION
$65K
SCHOLARSHIPS
2022
LAKE REGION ARTS COUNCIL
$12K
Preserve the history of signature works in the M State Fergus Falls permanent art collection through photographs, the written word and video and increasing access through a virtual website tour and QU codes
2022
HM & CM IVERSON CHARITABLE TRUST UW
$5K
GENERAL OPERATING
2022
Otter Tail Power Company Foundation
$5K
Scholarship
2021
HM & CM IVERSON CHARITABLE TRUST UW
$3K
GENERAL OPERATING
2021
JA WEDUM FOUNDATION
$125K
GENERAL OPERATING SUPPORT
2020
JA WEDUM FOUNDATION
$125K
GENERAL OPERATING SUPPORT
2020
T ROWE PRICE PROGRAM FOR CHARITABLE
$5K
GENERAL OPERATING
2020
HM & CM IVERSON CHARITABLE TRUST UW
$3K
GENERAL OPERATING
2020
Otter Tail Corporation Foundation
$1K
Higher education match - Versteeg
2020
FRANK W VEDEN CHARITABLE TRUST
$50K
SCHOLARSHIPS
2018
THE LUNDEEN FOUNDATION
$5K
SCHOLARSHIP ENDOWMENT
2018
HM & CM IVERSON CHARITABLE TRUST UW
$3K
GENERAL OPERATING
2018
FIDELITY INVESTMENTS CHARITABLE GIFT FUND
$350K
FOR GRANT RECIPIENT'S EXEMPT PURPOSES
2017

Funded by

$1.0M from 9 funders · 21 grants · 2017–2024

Ja Wedum Foundation

$380K · 5 grants · 2020–2024

Fidelity Investments Charitable Gift Fund

$357K · 2 grants · 2017–2023

Frank W Veden Charitable Trust

$250K · 2 grants · 2018–2023

Hm & Cm Iverson Charitable Trust Uw

$20K · 5 grants · 2018–2023

Lake Region Arts Council

$12K · 1 grant · 2022

Otter Tail Power Company Foundation

$12K · 3 grants · 2021–2024

The Lundeen Foundation

$5K · 1 grant · 2018

Details

EIN416054755
NTEE codeB41I
Subsection03
Ruling date1967-03
Formed1966
Employees0
Volunteers65
FERGUS AREA COLLEGE FOUNDATION — Mission, Financials & Grants Received | Grantivo