Kearney Public Schools Foundation Inc
- Assets
- $1.5m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 101
- Location
- Kearney, NE
- Founding
- 06/1985
- Data as of
- 08/2021
- EIN
- 36-3359904
Organization Overview
Kearney Public Schools Foundation Inc is located in Kearney, NE. The organization was established in 1985. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. As of 08/2021, Kearney Public Schools Foundation Inc employed 101 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kearney Public Schools Foundation Inc 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 08/2021, Kearney Public Schools Foundation Inc generated $1.5m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.3% each year. All expenses for the organization totaled $1.1m during the year ending 08/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORT QUALITY EDUCATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPLIES AND RELATED EXPENSES PURCHASED TO SUPPORT AND TO PROMOTE QUALITY EDUCATIONAL PROGRAMS IN THE KEARNEY PUBLIC SCHOOL DISTRICT.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lisa Reese Parish Executive Di | Trustee | 40 | $58,283 |
Erin Howard Secretary/tr | Officer | 4 | $0 |
Jennifer Rowling Vice Preside | Officer | 4 | $0 |
Jeff Kreycik President | Officer | 4 | $0 |
Heidi Narber-Richter Director | Trustee | 4 | $0 |
Kipp Petersen Director | Trustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $716,496 |
| All other contributions, gifts, grants, and similar amounts not included above | $80,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $796,496 |
| Total Program Service Revenue | $588,754 |
| Investment income | $78,221 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $58,657 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,522,128 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $41,929 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $58,283 |
| Compensation of current officers, directors, key employees. | $18,745 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $698,245 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $57,919 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,020 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $4,594 |
| Information technology | $2,132 |
| Royalties | $0 |
| Occupancy | $5,800 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,449 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $43,444 |
| Total functional expenses | $1,087,736 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $542,424 |
| Savings and temporary cash investments | $498,773 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $461,770 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,502,967 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| 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 | $0 |
| Other liabilities | $21,381 |
| Total liabilities | $21,381 |
| Net assets without donor restrictions | $251,519 |
| Net assets with donor restrictions | $1,230,067 |
| 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 | $1,502,967 |
Grants Awarded
Over the last fiscal year, Kearney Public Schools Foundation Inc has awarded $97,300 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
SCHOOL DISTRICT 7SCHOOL DISTRICT 7 PURPOSE: SUPPORT OF SCHOOL | $82,300 |
Kearney, NE PURPOSE: CANCER PATIENTS SUPP | $15,000 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Kearney Public Schools Foundation Inc has recieved totaling $10,782.
| Awarding Organization | Amount |
|---|---|
Kearney Area Community Foundation Kearney, NE PURPOSE: PURCHASE INSTRUMENTS | $10,000 |
Bokenkamp Family Foundation Santa Monica, CA PURPOSE: SUPPORT OF OPERATIONS | $500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $282 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Nebraska Student Loan Program Inc Lincoln, NE | $230,624,169 | $45,453,979 |
Kansas City Scholars Inc Kansas City, MO | $5,810,030 | $12,156,402 |
Des Moines Golf And Country Club West Des Moines, IA | $24,329,403 | $13,657,003 |
Waitt Foundation North Sioux City, SD | $157,175,219 | $6,009,824 |
Scholarship Foundation Of St Louis St Louis, MO | $49,025,721 | $11,563,775 |
Western Union Foundation Inc Denver, CO | $4,087,172 | $7,099,166 |
Rsm Us Foundation Davenport, IA | $13,920,904 | $7,669,329 |
Foundation For Educational Funding Lincoln, NE | $161,530,703 | $9,132,107 |
Western States Learning Corporation Cheyenne, WY | $7,278,085 | $6,097,150 |
Prosperity Denver Fund Denver, CO | $29,340,017 | $14,622,453 |
Reisher Family Foundation Lakewood, CO | $521,642,537 | $444,544,338 |
Papillion Lavista Schools Foundation Papillion, NE | $9,484,528 | $7,053,869 |