Adelante Educational Foundation

Underwood, IA
Tax-exempt since Dec. 1968
EIN: 42-6123967

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Type of Nonprofit

Designated as a 501(c)(3) Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Donations to this organization are tax deductible.

Revenue

$181k (2024)

Expenses

$49k (2024)

Total Assets

$1.05M (2024)

Total Liabilities

$0 (2024)

Source: Form 990 tax filings from 2011 to 2024

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Aug.
2024

Revenue

$181,042

Expenses

$48,981

Net Income

$132,061

Net Assets

$1,047,593

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$8,100	4.5%
Interest Revenue	$143	0.1%
Dividends	$12,912	7.1%
Sales of Assets	$159,887	88.3%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$42,638	87.1%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,047,593
Total Liabilities	$0
Net Assets	$1,047,593

Compensation

Key Employees and Officers	Compensation	Other
Alex Lundgren (President)	$0	$0
Noel Leistad (Treasurer)	$0	$0
Steve Spencer (Secretary)	$0	$0
Todd Lundgren (Director)	$0	$0
Steve Bruening (Director)	$0	$0
Tom Pohl (Director)	$0	$0
Jake Mickelson (Director)	$0	$0
Craig Wallace (Director)	$0	$0
Kieran Carter (Director)	$0	$0
Carlos Ramirez (Director)	$0	$0

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990-PF

Filed on April 4, 2025

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

XML

Fiscal Year Ending Aug.
2023

Revenue

$85,241

Expenses

$64,891

Net Income

$20,350

Net Assets

$915,532

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$9,050	10.6%
Interest Revenue	$50	0.1%
Dividends	$8,492	10.0%
Sales of Assets	$67,395	79.1%
Other Income	$254	0.3%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$56,486	87.0%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$915,532
Total Liabilities	$0
Net Assets	$915,532

Compensation

Key Employees and Officers	Compensation	Other
Alex Lundgren (President)	$0	$0
Noel Leistad (Treasurer)	$0	$0
Steve Spencer (Secretary)	$0	$0
Todd Lundgren (Director)	$0	$0
Steve Bruening (Director)	$0	$0
Tom Pohl (Director)	$0	$0
Jake Mickelson (Director)	$0	$0
Craig Wallace (Director)	$0	$0
Kieran Carter (Director)	$0	$0
Carlos Ramirez (Director)	$0	$0

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990-PF

Filed on Dec. 22, 2023

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

PDF XML

Fiscal Year Ending Aug.
2022

Revenue

$137,593

Expenses

$62,678

Net Income

$74,915

Net Assets

$895,182

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$5,600	4.1%
Interest Revenue	$81	0.1%
Dividends	$6,553	4.8%
Sales of Assets	$125,359	91.1%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$52,305	83.5%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$906,998
Total Liabilities	$11,816
Net Assets	$895,182

Compensation

Key Employees and Officers	Compensation	Other
Alex Lundgren (President)	$0	$0
Noel Leistad (Treasurer)	$0	$0
Steve Spencer (Secretary)	$0	$0
Todd Lundgren (Director)	$0	$0
Steve Bruening (Director)	$0	$0
Tom Pohl (Director)	$0	$0
Jake Mickelson (Director)	$0	$0
Craig Wallace (Director)	$0	$0
Kieran Carter (Director)	$0	$0
Carlos Ramirez (Director)	$0	$0

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990-PF

Filed on Dec. 6, 2022

Primary tax return for a private foundation's activities, finances, and governance

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XML

Fiscal Year Ending Aug.
2021

Revenue

$180,009

Expenses

$49,088

Net Income

$130,921

Net Assets

$820,267

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$5,000	2.8%
Interest Revenue	$8	0.0%
Dividends	$1,695	0.9%
Sales of Assets	$173,306	96.3%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$45,592	92.9%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$832,083
Total Liabilities	$11,816
Net Assets	$820,267

Compensation

Key Employees and Officers	Compensation	Other
Alex Lundgren (President)	$0	$0
Noel Leistad (Treasurer)	$0	$0
Steve Spencer (Secretary)	$0	$0
Todd Lundgren (Director)	$0	$0
Steve Bruening (Director)	$0	$0
Tom Pohl (Director)	$0	$0
Jake Mickelson (Director)	$0	$0
Casey Welty (Director)	$0	$0

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990-PF

Filed on Jan. 10, 2022

Primary tax return for a private foundation's activities, finances, and governance

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XML

Fiscal Year Ending Aug.
2020

Revenue

$25,532

Expenses

$50,492

Net Income

-$24,960

Net Assets

$689,346

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$6,000	23.5%
Interest Revenue	$13	0.1%
Dividends	$5,408	21.2%
Sales of Assets	$14,111	55.3%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$49,240	97.5%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$700,781
Total Liabilities	$11,435
Net Assets	$689,346

Compensation

Key Employees and Officers	Compensation	Other
Alex Lundgren (President)	$0	$0
Noel Leistad (Treasurer)	$0	$0
Steve Spencer (Secretary)	$0	$0
Todd Lundgren (Director)	$0	$0
Steve Bruening (Director)	$0	$0
Tom Pohl (Director)	$0	$0
Jake Mickelson (Director)	$0	$0
Casey Welty (Director)	$0	$0

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990-PF

Filed on Jan. 8, 2021

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Aug.
2019

Revenue

$66,222

Expenses

$20,690

Net Income

$45,532

Net Assets

$714,305

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$5,000	7.6%
Interest Revenue	$399	0.6%
Dividends	$3,103	4.7%
Sales of Assets	$57,720	87.2%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$20,690	100%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$714,306
Total Liabilities	$1
Net Assets	$714,305

Compensation

Key Employees and Officers	Compensation	Other
Alex Lundgren (President)	$0	$0
Noel Leistad (Treasurer)	$0	$0
Steve Spencer (Secretary)	$0	$0
Todd Lundgren (Director)	$0	$0
Steve Bruening (Director)	$0	$0
Tom Pohl (Director)	$0	$0
Jake Mickelson (Director)	$0	$0
Casey Welty (Director)	$0	$0

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990-PF

Filed on Dec. 23, 2019

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Aug.
2018

Revenue

$39,411

Expenses

$18,555

Net Income

$20,856

Net Assets

$668,774

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$2,500	6.3%
Interest Revenue	$2,122	5.4%
Dividends	$1,979	5.0%
Sales of Assets	$32,810	83.3%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$18,538	99.9%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$668,774
Total Liabilities	$0
Net Assets	$668,774

Compensation

Key Employees and Officers	Compensation	Other
Alex Lundgren (President)	$0	$0
Noel Leistad (Treasurer)	$0	$0
Steve Spencer (Secretary)	$0	$0
Todd Lundgren (Director)	$0	$0
Steve Bruening (Director)	$0	$0
Tom Pohl (Director)	$0	$0
Jake Mickelson (Director)	$0	$0
Casey Welty (Director)	$0	$0

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990-PF

Filed on Jan. 7, 2019

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Aug.
2017

Revenue

-$86,293

Expenses

$31,605

Net Income

-$117,898

Net Assets

$647,918

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$1,100
Interest Revenue	$1,801
Dividends	$1,112
Sales of Assets	-$90,306
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$30,379	96.1%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$647,918
Total Liabilities	$0
Net Assets	$647,918

Compensation

Key Employees and Officers	Compensation	Other
Jim Grundmeier (President)	$0	$0
Scott Frank (Vp)	$0	$0
Noel Leistad (Treasurer)	$0	$0
Todd Lundgren (Director)	$0	$0
Steve Spencer (Secretary)	$0	$0
Matt Donovan (Director)	$0	$0
Tom Pohl (Director)	$0	$0
Mike Molumby (Director)	$0	$0
Josh Elliot (Director)	$0	$0

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990-PF

Filed on Dec. 19, 2017

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Aug.
2016

Revenue

$71,706

Expenses

$36,990

Net Income

$34,716

Net Assets

$765,816

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$1,000	1.4%
Interest Revenue	$2,215	3.1%
Dividends	$1,542	2.2%
Sales of Assets	$66,949	93.4%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$35,817	96.8%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$765,816
Total Liabilities	$0
Net Assets	$765,816

Compensation

Key Employees and Officers	Compensation	Other
Jim Grundmeier (President)	$0	$0
Scott Frank (Vp)	$0	$0
Noel Leistad (Treasurer)	$0	$0
Todd Lundgren (Director)	$0	$0
Steve Spencer (Secretary)	$0	$0
Matt Donovan (Director)	$0	$0
Tom Pohl (Director)	$0	$0
Mike Molumby (Director)	$0	$0
Josh Elliot (Director)	$0	$0

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990-PF

Filed on Jan. 9, 2017

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Aug.
2015

Revenue

$118,172

Expenses

$25,850

Net Income

$92,322

Net Assets

$731,100

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$1,000	0.8%
Interest Revenue	$3,268	2.8%
Dividends	$3,706	3.1%
Sales of Assets	$110,198	93.3%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$25,213	97.5%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$731,100
Total Liabilities	$0
Net Assets	$731,100

Compensation

Key Employees and Officers	Compensation	Other
Jim Grundmeier (President)	$0	$0
Scott Frank (Vp)	$0	$0
Noel Leistad (Treasurer)	$0	$0
Todd Lundgren (Director)	$0	$0
Steve Spencer (Secretary)	$0	$0
Matt Donovan (Director)	$0	$0
Tom Pohl (Director)	$0	$0
Mike Molumby (Director)	$0	$0
Josh Elliot (Director)	$0	$0

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990-PF

Filed on Jan. 12, 2016

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Aug.
2014

Revenue

$119,671

Expenses

$28,475

Net Income

$91,196

Net Assets

$638,778

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$1,000	0.8%
Interest Revenue	$5,275	4.4%
Dividends	$0
Sales of Assets	$113,396	94.8%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$27,855	97.8%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$638,778
Total Liabilities	$0
Net Assets	$638,778

Compensation

Key Employees and Officers	Compensation	Other
Jim Grundmeier (President)	$0	$0
Scott Frank (Vp)	$0	$0
Noel Leistad (Treasurer)	$0	$0
Todd Lundgren (Director)	$0	$0
Steve Spencer (Secretary)	$0	$0
Matt Donovan (Director)	$0	$0
Tom Pohl (Director)	$0	$0
Mike Molumby (Director)	$0	$0
Josh Elliot (Director)	$0	$0

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990-PF

Filed on Jan. 15, 2015

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Aug.
2013

Revenue

$31,900

Expenses

$22,428

Net Income

$9,472

Net Assets

$547,581

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$1,000	3.1%
Interest Revenue	$7,890	24.7%
Dividends	$5,120	16.1%
Sales of Assets	$17,471	54.8%
Other Income	$419	1.3%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$22,250	99.2%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$547,582
Total Liabilities	$1
Net Assets	$547,581

990-PF

Filed on Jan. 8, 2014

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Aug.
2012

Revenue

$17,815

Expenses

$22,700

Net Income

-$4,885

Net Assets

$538,109

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$3,348	18.8%
Dividends	$2,788	15.6%
Sales of Assets	$11,679	65.6%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$22,700	100%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$538,110
Total Liabilities	$1
Net Assets	$538,109

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Aug.
2011

Revenue

$10,001

Expenses

$23,715

Net Income

-$13,714

Net Assets

$542,995

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$4	0.0%
Dividends	$2,242	22.4%
Sales of Assets	$7,755	77.5%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$23,353	98.5%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$542,995
Total Liabilities	$0
Net Assets	$542,995

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

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Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

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Adelante Educational Foundation

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $181k (2024)

Expenses $49k (2024)

Total Assets $1.05M (2024)

Total Liabilities $0 (2024)

Tax Filings by Year

Fiscal Year Ending Aug. 2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Aug. 2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Aug. 2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Aug. 2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Aug. 2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Aug. 2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Aug. 2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Aug. 2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Aug. 2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Aug. 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Aug. 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Aug. 2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Revenue

$181k (2024)

Expenses

$49k (2024)

Total Assets

$1.05M (2024)

Total Liabilities

$0 (2024)

Fiscal Year Ending Aug.
2024

Fiscal Year Ending Aug.
2023

Fiscal Year Ending Aug.
2022

Fiscal Year Ending Aug.
2021

Fiscal Year Ending Aug.
2020

Fiscal Year Ending Aug.
2019

Fiscal Year Ending Aug.
2018

Fiscal Year Ending Aug.
2017

Fiscal Year Ending Aug.
2016

Fiscal Year Ending Aug.
2015

Fiscal Year Ending Aug.
2014

Fiscal Year Ending Aug.
2013

Fiscal Year Ending Aug.
2012

Fiscal Year Ending Aug.
2011

Fiscal Year Ending Aug.
2010

Fiscal Year Ending Aug.
2009

Fiscal Year Ending Aug.
2008

Fiscal Year Ending Aug.
2007

Fiscal Year Ending Aug.
2006

Fiscal Year Ending Aug.
2005

Fiscal Year Ending Aug.
2004

Fiscal Year Ending Aug.
2003

Fiscal Year Ending Aug.
2002

Fiscal Year Ending Aug.
2001