Kearney Area Community Foundation
- Assets
- $36.3m
- Revenue
- $7.4m
- Investments
- $0.0
- Employees
- 4
- Location
- Kearney, NE
- Founding
- 04/1995
- Data as of
- 12/2021
- EIN
- 47-0786586
Organization Overview
Kearney Area Community Foundation is located in Kearney, NE. The organization was established in 1995. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2021, Kearney Area Community Foundation employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kearney Area Community 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, Kearney Area Community Foundation generated $7.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.7% each year. All expenses for the organization totaled $5.5m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Kearney Area Community Foundation has awarded 121 individual grants totaling $5,316,367. 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
PROVIDE SUPPORT FOR VARIOUS PROGRAMS AND CHARITABLE ACTIVITIES FOR COMMUNITIES IN THE AREA OF BUFFALO COUNTY, NEBRASKA
Describe the Organization's Program Activity:
Part 3 - Line 4a
ADMINISTER AND PROVIDE FINANCIAL SUPPORT IN THE FORM A GRANTS TO ORGANIZATIONS AND SCHOLARSHIPS TO INDIVIDUALS IN KEARNEY AND SURROUNDING AREAS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Judi Sickler President/ce | Officer | 45 | $84,972 |
Nathan Bruner Chair | OfficerTrustee | 1 | $0 |
Bryan Kuntz Secretary | OfficerTrustee | 1 | $0 |
Jonathan Nikkila Vice Chair | OfficerTrustee | 1 | $0 |
Carol Pelster Treasurer | OfficerTrustee | 1 | $0 |
Jonathon Brandt Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $31,592 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,337,538 |
| Noncash contributions included in lines 1a–1f | $212,221 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,369,130 |
| Total Program Service Revenue | $98,934 |
| Investment income | $509,957 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,394,548 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,420,402 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,285,661 |
| Grants and other assistance to domestic individuals. | $200,902 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $84,972 |
| Compensation of current officers, directors, key employees. | $84,972 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $193,173 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $37,374 |
| Payroll taxes | $20,136 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,739 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $95,996 |
| Advertising and promotion | $14,966 |
| Office expenses | $12,186 |
| Information technology | $16,858 |
| Royalties | $0 |
| Occupancy | $31,225 |
| Travel | $1,057 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,989 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,752 |
| Insurance | $5,142 |
| All other expenses | $1,757 |
| Total functional expenses | $5,543,604 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $143,604 |
| Savings and temporary cash investments | $1,784,174 |
| Pledges and grants receivable | $4,100 |
| Accounts receivable, net | $82,674 |
| 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 | $2,610 |
| Net Land, buildings, and equipment | $8,334 |
| Investments—publicly traded securities | $30,081,298 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,231,534 |
| Total assets | $36,338,328 |
| Accounts payable and accrued expenses | $1,515 |
| Grants payable | $732,062 |
| 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 | $8,682,626 |
| Total liabilities | $9,416,203 |
| Net assets without donor restrictions | $10,089,389 |
| Net assets with donor restrictions | $16,832,736 |
| 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 | $36,338,328 |
Grants Awarded
Over the last fiscal year, Kearney Area Community Foundation has awarded $967,385 in support to 35 organizations.
| Grant Recipient | Amount |
|---|---|
CITY OF KEARNEY PURPOSE: PARKS AND REC EXPENS | $375,536 |
Kearney, NE PURPOSE: RESTORING SONOTORIUM | $55,000 |
Kearney, NE PURPOSE: BUILDING FUND | $40,000 |
Kearney, NE PURPOSE: WALK-IN FRIDGE/FREEZ | $33,000 |
Kearney, NE PURPOSE: COVID ASSISTANCE | $31,592 |
Kearney, NE PURPOSE: REMODEL OFFICE SPACE | $30,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Kearney Area Community Foundation has recieved totaling $11,000.
| Awarding Organization | Amount |
|---|---|
Amick-Youngson Family Charitable Foundation Grand Island, NE PURPOSE: CHARITABLE | $11,000 |
Endowment Analysis
| Beg. Balance | $10,960,471 |
| Earnings | $3,996,221 |
| Admin Expense | $99,229 |
| Net Contributions | $381,537 |
| Other Expense | $73 |
| Grants | $610,610 |
| Ending Balance | $14,628,317 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Aspen Community Foundation Basalt, CO | $62,511,754 | $28,301,426 |
Jewish Community Foundation Of Greater Kansas City Overland Park, KS | $291,884,746 | $15,071,209 |
Impact Charitable Denver, CO | $10,724,494 | $21,202,015 |
Greater Salina Community Foundation Salina, KS | $322,187,245 | $17,442,186 |
Quad Cities Community Foundation Bettendorf, IA | $165,771,747 | $15,098,956 |
Greater Manhattan Community Foundation Manhattan, KS | $138,440,801 | $66,806,194 |
Jewishcolorado Denver, CO | $81,767,824 | $13,645,129 |
Greater Cedar Rapids Community Foundation Cedar Rapids, IA | $223,368,352 | $26,493,454 |
The Community Foundation Boulder, CO | $79,799,287 | $19,282,047 |
Wyoming Community Foundation Laramie, WY | $214,898,852 | $21,534,093 |
St Louis Community Foundation St Louis, MO | $112,098,850 | $20,148,169 |
Community Foundation Of Northern Colorado Fort Collins, CO | $185,330,639 | $37,336,720 |