Chadron State Foundation
- Assets
- $28.8m
- Revenue
- $4.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Chadron, NE
- Founding
- 02/1974
- Data as of
- 06/2022
- EIN
- 23-7352673
Organization Overview
Chadron State Foundation is located in Chadron, NE. The organization was established in 1974. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chadron State Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Chadron State Foundation generated $4.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.0% each year. All expenses for the organization totaled $2.7m during the year ending 06/2022. While expenses have increased by 2.4% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE CHADRON STATE FOUNDATION IS DEDICATED TO ENHANCING CHADRON STATE COLLEGE'S ABILITY TO MEET ITS PRIMARY EDUCATIONAL MISSION IN WESTERN NEBRASKA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION PROVIDES SUPPORT TO CHADRON STATE COLLEGE THROUGH SCHOLARSHIPS AND AWARDS TO THE STUDENTS OF THE COLLEGE AND PROVIDES INSTITUTIONAL SUPPORT OF MANAGEMENT AND SPECIAL PROJECTS RELATED TO THE COLLEGE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sheila Dormann Secretary | OfficerTrustee | 1 | $0 |
Patrick Friesen Chair | OfficerTrustee | 1 | $0 |
John Smith Vice Chair | OfficerTrustee | 1 | $0 |
Cricket Haag Controller | Officer | 40 | $0 |
Ben Watson Chief Executive Officer | Officer | 40 | $0 |
Scott Nielsen Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $41,227 |
| Related organizations | $0 |
| Government grants | $227,269 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,063,596 |
| Noncash contributions included in lines 1a–1f | $456,016 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,332,092 |
| Total Program Service Revenue | $0 |
| Investment income | $524,648 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,148,723 |
| Net Income from Fundraising Events | -$1 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,095,770 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,029,722 |
| Grants and other assistance to domestic individuals. | $954,828 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $450,653 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $25,465 |
| Fees for services: Other | $44,813 |
| Advertising and promotion | $6,209 |
| Office expenses | $59,274 |
| Information technology | $24,531 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $11,791 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,537 |
| All other expenses | $12,696 |
| Total functional expenses | $2,683,534 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,162,487 |
| Pledges and grants receivable | $391,027 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $22,895 |
| Net Land, buildings, and equipment | $38,500 |
| Investments—publicly traded securities | $26,090,621 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $94,672 |
| Total assets | $28,800,202 |
| Accounts payable and accrued expenses | $45,509 |
| Grants payable | $833,310 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $54,845 |
| Other liabilities | $1,491 |
| Total liabilities | $935,155 |
| Net assets without donor restrictions | $3,603,767 |
| Net assets with donor restrictions | $24,261,280 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $28,800,202 |
Grants Recieved
Over the last fiscal year, we have identified 9 grants that Chadron State Foundation has recieved totaling $169,980.
| Awarding Organization | Amount |
|---|---|
Robert E And Patricia A Schmidt Foundation Hays, KS PURPOSE: GENERAL OPERATIONS | $50,000 |
South Dakota Community Foundation Pierre, SD PURPOSE: Education | $37,292 |
Bill And Virginia Coffee Family Foundation Harrison, NE PURPOSE: RANGELAND MANAGEMENT FIELD STUDY/RESEARCH | $22,500 |
American Endowment Foundation Hudson, OH PURPOSE: PHILANTHROPY | $20,500 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $14,500 |
Quivey-Bay State Foundation Scottsbluff, NE PURPOSE: EDUCATIONAL SCHOLARSHIPS | $10,000 |
Endowment Analysis
| Beg. Balance | $27,847,679 |
| Earnings | -$2,581,326 |
| Admin Expense | $501,298 |
| Net Contributions | $1,352,329 |
| Grants | $711,240 |
| Ending Balance | $25,406,144 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Jewish Federation Of St Louis St Louis, MO | $156,968,183 | $19,475,995 |
United Way Of The Plains Wichita, KS | $26,271,888 | $15,996,345 |
Sioux Empire United Way Inc Sioux Falls, SD | $14,046,411 | $8,857,048 |
United Way Of Lincoln And Lancaster County Lincoln, NE | $10,176,018 | $7,783,651 |
Ten Talents Foundation St Louis, MO | $138,781,334 | $2,527,565 |
United Way Of East Central Iowa Cedar Rapids, IA | $18,620,645 | $6,956,778 |
Jewish Federation Of Greater Kansas City Overland Park, KS | $33,290,589 | $6,944,179 |
United Way Of Larimer County Inc Fort Collins, CO | $7,692,443 | $6,500,342 |
United Way Quad Cities Bettendorf, IA | $12,852,824 | $6,411,474 |
United Way Of Weld County Inc Greeley, CO | $5,895,187 | $7,008,653 |
Midamerican Energy Foundation Des Moines, IA | $31,627,129 | $16,741,976 |
United Way Of The Ozarks Springfield, MO | $2,807,517 | $5,788,622 |