1 FOUNDATION INC
LITCHFIELD,
Minnesota,
55355
EIN: 85-2234913
Educational Institutions and Related Activities
MISSION
THE SPECIFIC PURPOSE OF THIS CORPORATION IS TO COLLECT DONATIONS AND DISBURSE FUNDS TO PROVIDE FOR STUDENT SCHOLARSHIPS AND YOUTH EDUCATIONAL AND ATHLETIC OPPORTUNITIES IN AREA SCHOOLS (BOTH PUBLIC AND QUALIFIED NON-PROFIT SCHOOLS).
DEMOGRAPHIC
ADDRESS
63464 260TH ST
55355
COUNTY
meeker county, MN
IN CARE OF NAME
DUSTIN L FALLING
ORGANIZATIONAL OVERVIEW & RANKINGS
1 FOUNDATION INC is a based in LITCHFIELD, MN, focused on Educational Institutions and Related Activities causes , specifically Scholarships, Student Financial Aid Services, Awards. Established in September 2020, it operates as an independent corporation and contributions to this organization are tax-deductible .
With total assets of $0.00, this ranks 1,219,885 among 2,656,690 nonprofits nationally (Top 46%), demonstrating moderate financial capacity relative to its peers. At the state level, it stands at 20,006 out of 53,624 organizations in MN (Top 38%).
In meeker county, MN, the organization ranks 163 out of 225 nonprofits by assets (Top 69%), while locally in litchfield, it stands at 47 among 122 organizations (Top 25%).
The organization reported no revenue in the most recent filing period, placing it at 1,092,038 nationally and 23,246 in MN.
Within its specific NTEE classification (B82 - B: Educational Institutions and Related Activities), which includes 31,922 similar organizations, 1 FOUNDATION INC ranks 16,585 in assets (Top 52%) and 11,654 in revenue (Top 37%).
The organization files a 990 - Required to file Form 990-N - Income less than $25,000 per year and operates on a November fiscal year.
CLASSIFICATION
ORGANIZATION CODE
1: Corporation
DEDUCTIBILITY CODE
1: Contributions are deductible
AFFILIATION CODE
3: Independent
SUBSECTION/CLASSIFICATION CODES
ACTIVITY CODES
N/A
NTEE COMMON CODE
B: Educational Institutions and Related Activities
NTEE CODE
B82: Scholarships, Student Financial Aid Services, Awards
FOUNDATION CODE
16: Organization that normally receives no more than one third of its support from gross investment income and unrelated business income and at the same time more than one third of its support from contributions, fees, and gross receipts related to exempt purposes. 509(a)(2)
EXEMPT ORGANIZATION STATUS CODE
N/A
FINANCIALS
TAX PERIOD
12/2023
ACCOUNTING PERIOD
12
INCOME CODE
N/A
INCOME AMOUNT
$0.00
FORM 990 REVENUE AMOUNT
$0.00
RULING DATE
09/2020
ASSET CODE
N/A
ASSET AMOUNT
$0.00
FILING REQUIREMENT CODE
990 - Required to file Form 990-N - Income less than $25,000 per year
PF FILING REQUIREMENT CODE
No 990-PF return
Disclaimer: While we are confident of the accuracy of the information on this page, we encourage you verify the information directly with IRS. The IRS has a toll-free number for this at 1-877-829-5500 or visit www.irs.gov.
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