Western Nebraska Community College Foundation
- Assets
- $8.4m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 2
- Location
- Scottsbluff, NE
- Founding
- 03/1972
- Data as of
- 06/2023
- EIN
- 23-7137706
Organization Overview
Western Nebraska Community College Foundation is located in Scottsbluff, NE. The organization was established in 1972. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. As of 06/2023, Western Nebraska Community College Foundation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Western Nebraska Community College 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 06/2023, Western Nebraska Community College Foundation generated $1.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (9.5%) each year. All expenses for the organization totaled $1.3m during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Western Nebraska Community College Foundation has awarded 22 individual grants totaling $9,068,560. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE WESTERN NEBRASKA COMMUNITY COLLEGE FOUNDATION SHALL ADVANCE THE MISSION AND GOALS OF WESTERN NEBRASKA COMMUNITY COLLEGE BY PROVIDING RESOURCES, BOTH FINANCIAL AND PROFESSIONAL, TO ENHANCE SCHOLARSHIP OFFERINGS, TO PROVIDE GROWTH OPPORTUNITIES, TO SUPPORT PROGRAMS, AND TO PLAN FOR THE FUTURE THROUGH SPECIAL AND CAPITAL PROJECTS. THIS WILL MAINTAIN THE EXCELLENCE OF THE COLLEGE BY EXPANDING ACCESS AND AFFORABILITY TO A SUPERIOR LEARNING ENVIRONMENT FOR STUDENTS. WE ENHANCE THE COMPETITIVEENESS OF THE COLLEGE THROUGH FUNDING FACILITITES, SCHOLARSHIP OPPORTUNITIES, AND ACADEMIC PROGRAMS FOR SUTDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Reisig Exec Directo | Officer | 40 | $0 |
Karen Anderson Ex Officio M | Trustee | 1 | $0 |
Matt Benzel Member | Trustee | 1 | $0 |
Larita Van Boskirk Member | Trustee | 1 | $0 |
Dan Carter Member | Trustee | 1 | $0 |
Judy Chaloupka President | OfficerTrustee | 1 | $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 | $1,259,789 |
| Noncash contributions included in lines 1a–1f | $17,123 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,259,789 |
| Total Program Service Revenue | $0 |
| Investment income | $157,040 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $10,352 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,473,450 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $810,434 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $87,322 |
| Compensation of current officers, directors, key employees. | $21,831 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $33,941 |
| Pension plan accruals and contributions | $10,744 |
| Other employee benefits | $46,236 |
| Payroll taxes | $10,884 |
| Fees for services: Management | $41,883 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,925 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $57,948 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $2,999 |
| 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 | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,251,866 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,137,163 |
| Pledges and grants receivable | $280,883 |
| Accounts receivable, net | $14,391 |
| 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 | $131,332 |
| Investments—publicly traded securities | $4,830,622 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,613 |
| Total assets | $8,399,004 |
| Accounts payable and accrued expenses | $882,903 |
| 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 | $1,160,515 |
| Total liabilities | $2,043,418 |
| Net assets without donor restrictions | $514,312 |
| Net assets with donor restrictions | $5,841,274 |
| 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 | $8,399,004 |
Grants Awarded
Over the last fiscal year, Western Nebraska Community College Foundation has awarded $810,434 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
WESTERN NE COMMUNITY COLLEGE PURPOSE: SCHOLARSHIPS | $763,925 |
WESTERN NE COMMUNITY COLLEGE PURPOSE: GIFT TRANSFERS | $46,509 |