Albion Education Foundation
- Assets
- $3.6m
- Revenue
- $266.8k
- Investments
- $2.9m
- Employees
- 0
- Location
- Albion, NE
- Founding
- 02/1996
- Data as of
- 12/2021
- EIN
- 47-0740498
Organization Overview
Albion Education Foundation is located in Albion, NE. The organization was established in 1996. According to its NTEE Classification (X99) the organization is classified as: Religion-Related N.E.C., under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Albion Education 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 12/2021, Albion Education Foundation generated $266.8k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 24.7% each year . All expenses for the organization totaled $145.3k during the year ending 12/2021. While expenses have increased by 13.0% 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.
Since 2015, Albion Education Foundation has awarded 15 individual grants totaling $332,830. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
FUNDS AND FORMULATES AND ADMINISTERS PROGRAMS IN COOPERATION WITH THE SCHOOL ADMINISTRATION. THE FOUNDATION OPERATES THROUGH ITS BOARD OF DIRECTORS, OFFICERS, STANDING COMMITTEES, AND WITH THE ASSISTANCE AND PARTICIPATION OF VOLUNTEERS AND SUPPORTERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE SCHOLARSHIPS AND EDUCATIONAL DEVELOPMENT FOR STUDENTS OF BOONE CENTRAL PUBLIC SCHOOLS (BCPS)
SUPPORT BOONE CENTRAL PUBLIC SCHOOLS IN ITS EDUCATIONAL DEVELOPMENT OF STUDENTS.
THE ALBION EDUCATION FOUNDATION (AEF) PROVIDED SUPPORT TO THE PRAIRIE PLAINS RESOURCE INSTITUTE TO MANAGE THE OLSON NATURE PRESERVE AND TO ST. MICHAEL'S SCHOOL FOR A SCHOOL KINDNESS PROGRAM. THROUGH THE SUPPORT OF THE THESE ORGANIZATIONS, BOONE CENTRAL PUBLIC SCHOOLS WAS BENEFITED BY ALLOWING IT'S STUDENTS ACCESS TO THE GREAT PLAINS LANDSCAPE AND PROMOTING GOOD CITIZENSHIP.
THE ALBION EDUCATION FOUNDATION (AEF) SUPPORTS ORGANIZATIONS OTHER THAN BOONE CENTRAL PUBLIC SCHOOLS (BCPS), WHICH IS LISTED IN THE ORGANIZATION'S GOVERNING DOCUMENTS. THE AEF PROVIDES SUPPORT TO THOSE ORGANIZATIONS THAT BENEFIT OR HELP PERFORM THE FUNCTIONS OF BCPS THROUGH COOPERATING ACTIVITIES AND SCHOOL ASSEMBLIES, ETC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Stephens Secretary | OfficerTrustee | 1 | $0 |
Richard Martinsen Treasurer | OfficerTrustee | 5 | $0 |
Carol Kusek President | OfficerTrustee | 2 | $0 |
Ralph Schmadeke Vice Preside | OfficerTrustee | 2 | $0 |
Kurt Kruse Director | Trustee | 1 | $0 |
Lynn Bygland Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $13,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $31,101 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $44,101 |
| Total Program Service Revenue | $4,764 |
| Investment income | $73,270 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $144,646 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $266,781 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $8,051 |
| Grants and other assistance to domestic individuals. | $44,033 |
| 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 | $0 |
| 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 | $29,573 |
| Fees for services: Other | $30 |
| Advertising and promotion | $0 |
| Office expenses | $232 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $165 |
| All other expenses | $0 |
| Total functional expenses | $145,254 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $122,448 |
| Savings and temporary cash investments | $0 |
| 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 | $585,966 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $2,887,562 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,595,976 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $3,595,976 |
| Total liabilities and net assets/fund balances | $3,595,976 |
Grants Awarded
Over the last fiscal year, Albion Education Foundation has awarded $61,121 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
BOONE CENTRAL PUBLIC SCHOOL PURPOSE: EDUCATIONAL DEVELOPM | $40,621 |
BOONE COUNTY FOUNDATION FUND | | | $13,500 |
Aurora, NE PURPOSE: OLSON NATURE PRESERV | $7,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Albion Education Foundation has recieved totaling $40,500.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: RELIGION RELATED | $25,500 |
Jim And Elaine Wolf Foundation Albion, NE PURPOSE: CHARITABLE | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Regional West Physicians Clinic Scottsbluff, NE | $19,988,979 | $77,287,786 |
Good Neighbor Society Manchester, IA | $17,383,047 | $14,618,459 |
Holy Spirit Retirement Home Inc Sioux City, IA | $7,907,297 | $9,080,099 |
Brahmananda Saraswati Yagya Foundation Fairfield, IA | $15,294,355 | $10,246,793 |
Ssm Health Foundation St Louis St Louis, MO | $35,477,442 | $11,468,412 |
Catholic Social Services Lincoln, NE | $3,827,317 | $5,568,585 |
Faith Lutheran Home Osage, IA | $4,614,532 | $5,533,666 |
Missouri Baptist Childrens Home Bridgeton, MO | $28,799,310 | $5,163,780 |
Promise Keepers Colorado Springs, CO | $314,391 | $4,644,365 |
Mesa Valley Community School Grand Junction, CO | $4,974,586 | $4,247,839 |
Back To The Bible Lincoln, NE | $5,584,724 | $3,983,560 |
Bethesda Of Beresford Beresford, SD | $3,676,012 | $3,683,299 |