Custer County Foundation Inc
- Assets
- $7.0m
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 2
- Location
- Broken Bow, NE
- Founding
- 10/1992
- Data as of
- 12/2021
- EIN
- 47-0752656
Organization Overview
Custer County Foundation Inc is located in Broken Bow, NE. The organization was established in 1992. According to its NTEE Classification (S43) the organization is classified as: Small Business Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Custer County Foundation Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Custer County 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 12/2021, Custer County Foundation Inc generated $2.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 19.8% each year . All expenses for the organization totaled $1.1m during the year ending 12/2021. While expenses have increased by 12.2% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE CUSTER COUNTY FOUNDATION AWARDS GRANTS TO CHARITABLE ORGANIZATIONS, SCHOLARSHIPS TO STUDENTS, AND PROVIDES SUPPORT TO CHARITABLE ORGANIZATIONS AND POTENTIAL DONORS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPS THROUGHOUT THE COUNTY BOTH TRADITIONAL AND NON TRADITIONAL
COVID RELIEF FOR ORGANIZATIONS
LOCAL ORGANIZATIONAL GRANTS
SUPPORT OF CUSTER COUNTY CHARITABLE ORGANIZATIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lindsay Cook Executive Di | Officer | 40 | $51,827 |
Alicia Hermsmeyer President | Officer | 2 | $0 |
Julie Johnson Treasurer | Officer | $0 | |
Brent Custer Secretary | Officer | $0 | |
Andrew Tickle Vice Preside | Officer | $0 | |
Shelly Griffith Board Member | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $985,162 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $985,162 |
| Total Program Service Revenue | $87,558 |
| Investment income | $129,893 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $763,501 |
| Net Income from Fundraising Events | $82,177 |
| Net Income from Gaming Activities | $14,338 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,062,629 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $771,610 |
| Grants and other assistance to domestic individuals. | $112,806 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $51,827 |
| Compensation of current officers, directors, key employees. | $15,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $22,201 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $8,313 |
| Payroll taxes | $5,663 |
| Fees for services: Management | $86,858 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $573 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $700 |
| Advertising and promotion | $12,201 |
| Office expenses | $19,292 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $20,559 |
| Travel | $2,450 |
| 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 | $700 |
| Insurance | $4,800 |
| All other expenses | $0 |
| Total functional expenses | $1,120,553 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $185,721 |
| Savings and temporary cash investments | $990,907 |
| 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 | $8,904 |
| Investments—publicly traded securities | $5,849,555 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,035,087 |
| 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 | $3,317 |
| Total liabilities | $3,317 |
| Net assets without donor restrictions | $7,031,770 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $7,035,087 |
Grants Awarded
Over the last fiscal year, Custer County Foundation Inc has awarded $771,610 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
OCONTO RURAL FIRE BOARD PURPOSE: AMBULANCE PURCHASE | $35,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Custer County Foundation Inc has recieved totaling $7,500.
| Awarding Organization | Amount |
|---|---|
First Interstate Bancsystem Foundation Inc Billings, MT PURPOSE: GENERAL OPERATING SUPPORT | $7,500 |
Endowment Analysis
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Technology Entrepreneur Center Inc St Louis, MO | $14,793,185 | $1,740,629 |
Bioconnect Iowa Des Moines, IA | $1,127,931 | $1,803,790 |
South Central Ozark Council Of Governments Pomona, MO | $2,561,241 | $1,014,983 |
Lakota Fund Kyle, SD | $17,004,625 | $4,059,450 |
Foundation For Black Entrepreneurship Denver, CO | $394,455 | $1,255,984 |
Custer County Foundation Inc Broken Bow, NE | $7,035,087 | $2,062,629 |
Northeast South Dakota Economic Corporation Sisseton, SD | $28,795,164 | $2,763,514 |
Exponential Impact Colorado Springs, CO | $3,022,764 | $1,129,971 |
Civico Denver, CO | $298,946 | $905,043 |
Pipeline Inc Kansas City, KS | $850,172 | $659,645 |
Wyoming Womens Business Center Laramie, WY | $937,422 | $712,073 |
Frontier Financial Partners Inc Emporia, KS | $2,116,575 | $668,462 |