Inver Grove Heights B E S T Foundation
Inver Grove Heights B E S T Foundation
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About this organization
Mission
To raise and award funds for post-secondary scholarships to Simley High School graduates
About
The Inver Grove Heights B.E.S.T. Foundation has no paid staff. The board of directors are all volunteers and leverage community relationships and businesses to assist in both our fundraising activities and the creation of individual scholarships for our graduating seniors. The board leads two or three fundraisers each year, a May Day 5K, Gala Fundraising Dinner & Silent Auction, and a Golf Tournament. All the funds generated by these events pay for the operating costs of the Foundation, as well as the annual Inver Grove Heights B.E.S.T. Foundation Academic Scholarships. In addition to the scholarships provided by the annual fundraisers, individual scholarships are funded by local and national businesses, memorials, and family donations. In 1988, the first year scholarships were awarded through the Foundation, $2,000 was awarded. In May 2019, 105 scholarships totaling over $149,000 were awarded.
Interesting data from their 2020 990 filing
The non-profit's mission, as documented in the filing, is “The goal of the foundation is to raise funds and make access to post-secondary education more attainable through meaningful scholarships for students graduating from simley high school in inver grove heights, mn. of those served in our community, 22% are latino, 8% african american, 4% asian, 61% caucasian, and 5% not available.”.
When explaining its purpose, the activities were described as: “To raise and award funds for post-secondary scholarships to simley high school graduates”.
- The non-profit is legally allowed to operate in the state of MN, as reported.
- The filing provides the non-profit's address in 2020 as PO Box 2276, Inver Grove Heights, MN, 55076.
- The non-profit has a total of 0 employees, as reported on their form for 2020.
- Is not a private foundation.
- Expenses are between $100,000 and $250,000.
- Revenue is between $100,000 and $250,000.
- Revenue less expenses is $76,357.
- The organization has 16 independent voting members.
- The organization was formed in 1992.
- The organization pays $0 in salary, compensation, and benefits to its employees.
- The organization pays $221 in fundraising expenses.