Destination Education a Scholarship
Destination Education a Scholarship is a private foundation focused on Education, based in St. Paul, MN. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $413K in total assets. Net investment income was $6K.
Key facts about Destination Education a Scholarship
- EIN
- 61-1631225
- Latest 990 filing
- Form 990-PF, 2024
- Total assets
- $413,479
Data from IRS Form 990-PF, 2024; updated September 2026.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$413K
+30.3% YoY
Revenue
$111K
+212.7% YoY
Net Investment Income
$6K
-38.6% YoY
Expenses
$32K
-25.4% YoY
Under IRS private-foundation payout rules, Destination Education a Scholarship reported a distributable amount of $18K for 2024 — the minimum it must pay out in qualifying distributions.
How Destination Education a Scholarship gives
- In 2023 it paid out 8% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
From the foundation's IRS Form 990-PF filings. Methodology.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2022 to 2023, annual grant giving ranged from $1K (2023) to $10K (2022). In 2023 it made 1 grant totaling $1K.
Grant Insights
How this funder distributes its grants
Grant Size Distribution
5 grants across all recorded years
The most common grant size was under $50K: 5 grants of 5 (100%).
Giving History
Grant recipients and amounts by year
No grants recorded for 2024.
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $413,479 | $317,406 | $307,669 |
| Revenue | $111,398 | $35,626 | $7,387 |
| Expenses | $32,138 | $43,098 | $50,258 |
| Qualifying Distributions | — | $1,250 | $10,250 |
| Net Investment Income | $5,651 | $9,209 | $15,153 |
| Distributable Amount | $17,574 | $15,225 | $16,305 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Leadership & Key People
Officers and directors from IRS filings
Destination Education a Scholarship is led by Chris Schmidt, Executive Director since 2024 (on filings since 2020); 1 of 15 officers listed in 2024 is compensated.
Officers on the 2024 filing
Chris Schmidt
Executive Director
Board Member → Executive Director, 2024
On filings since 2020
1 hr/week
$5K (2020) → $0 (2024)
Rachel Jenner
President
On filings since 2020
1 hr/week
No compensation reported
Monica Leedom
Board Member & Gambling Manager
On filings since 2020
20 hrs/week
$3K (2020) → $19K (2024)
Bob Kaye
Board Member
On filings since 2020
1 hr/week
No compensation reported
Charlotte Olein
Board Member
On filings since 2020
1 hr/week
No compensation reported
Dale Maristuen
Board Member
On filings since 2020
1 hr/week
No compensation reported
Dave Kill
Treasurer & Secretary
On filings since 2020
1 hr/week
No compensation reported
Gale Pederson
Vice President
On filings since 2020
1 hr/week
No compensation reported
Gwen Benham
Board Member
On filings since 2020
1 hr/week
No compensation reported
Marisa Peck
Board Member
On filings since 2020
1 hr/week
No compensation reported
Mike Kirchner
Board Member
On filings since 2020
1 hr/week
No compensation reported
Mindy Schmidt
Board Member
On filings since 2020
1 hr/week
No compensation reported
Russ Schmidt
Board Member
On filings since 2020
1 hr/week
No compensation reported
Ryan Jenner
Board Member
On filings since 2020
1 hr/week
No compensation reported
William Olein
Board Member
On filings since 2020
1 hr/week
No compensation reported
Former officers (2)
- Former: Robert Matson (2020–2023) — Former Executive Director
- Former: Christie Jones (2023) — Executive Director
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $19K, to Monica Leedom (Board Member/Gambling Manager).
Frequently asked questions about Destination Education a Scholarship
How large is Destination Education a Scholarship?
Destination Education a Scholarship reported $413K in total assets on its 2024 IRS Form 990-PF. Its revenue that year was $111K.
What is Destination Education a Scholarship?
Destination Education a Scholarship is a private foundation focused on Education, based in St. Paul, MN. It holds $413K in total assets as of 2024.
Where does Destination Education a Scholarship operate?
Destination Education a Scholarship has awarded grants in Idaho, Minnesota.
How much is Destination Education a Scholarship required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Destination Education a Scholarship reported a distributable amount of $18K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Destination Education a Scholarship's EIN?
Destination Education a Scholarship's EIN (Employer Identification Number) is 61-1631225. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Here's the math on researching Destination Education a Scholarship by hand.
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