Ada Scholarship Foundation Inc
Ada Scholarship Foundation Inc is a private 501(c)(3) nonprofit organization located in Ada, Minnesota. The foundation was established in 1987 and has maintained tax-exempt status since April of that year. The organization operates as a volunteer-driven foundation with minimal staff compensation, focusing its philanthropic efforts on providing educational support to students in its community.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
—
Annual Giving
$165K
+10.4% YoY
Grant Count
2
+0.0% YoY
Avg Grant Size
$82K
+10.4% YoY
Mission & Focus Areas
The Ada Scholarship Foundation's primary mission centers on providing scholarships to students for higher education purposes. The foundation specifically serves the Ada, Minnesota community and surrounding area, with a dedicated focus on making educational opportunities more accessible to local students pursuing post-secondary education.
Grantmaking
The foundation awards scholarships directly to students for higher education expenses. Recent grantmaking activity shows:
Grant Range
s**: Median grant amounts range from approximately $82,000 to $333 per award, reflecting the foundation's approach of distributing funds across multiple student recipients
How to Apply
and accepts new applicants.
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Geographic Focus
Where this funder awards grants
The Ada Scholarship Foundation focuses its grantmaking exclusively within Ada, Minnesota and the surrounding local community.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
Assets & Revenue:
- Total Assets: $2.7 million (as of May 2025)
- Total Assets: $2.6 million (as of 2024)
- Annual Revenue: $347,196 (fiscal year ending May 2025)
- Annual Revenue: $189,209 (fiscal year 2024)
Expenses & Distributions:
- Annual Expenses: $198,854 (fiscal year ending May 2025)
- Annual Expenses: $179,191 (fiscal year 2024)
- Net Income: $148,342 (fiscal year ending May 2025)
- Expense Ratio: 94.7% of total revenue spent on programs
Contributions:
- Contributions Received: $49,555 (fiscal year ending May 2025)
- Contributions Received: $50,000 (fiscal year 2024)
Liabilities:
- Total Liabilities: $0
The foundation maintains a strong financial position with no outstanding liabilities and consistent year-over-year asset growth.
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | — | — | — |
| Revenue | — | — | — |
| Expenses | — | — | — |
| Qualifying Distributions | — | — | — |
| Net Investment Income | — | — | — |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2025
Grant Size Distribution
58 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
The foundation's volunteer leadership team includes:
- David Solseng – President
- Cynthia Ann Julin – Vice President
- Trudy Mickelson – Treasurer
- Barbara Anne Larson – Secretary
- Michael Ness – Director
Leadership operates with minimal compensation, with most officers receiving no salary and the Treasurer and Secretary each receiving $400 annually.
Compensation Overview
From 2025 IRS filing
From 2025 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| CYNTHIA ANN JULIN | VICE PRESIDE | 0.1 | — |
| DAVID SOLSENG | PRESIDENT | 0.2 | — |
| TRUDY MICKELSON | TREASURER | 2 | $400 |
| BARBARA ANNE LARSON | SECRETARY | 2 | $400 |
| MICHAEL NESS | DIRECTOR | 0.1 | — |
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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