Elkhorn Public Schools Foundation Inc
- Assets
- $14.5m
- Revenue
- $5.7m
- Investments
- $0.0
- Employees
- 313
- Location
- Elkhorn, NE
- Founding
- 02/1984
- Data as of
- 12/2021
- EIN
- 36-3226778
Organization Overview
Elkhorn Public Schools Foundation Inc is located in Elkhorn, NE. The organization was established in 1984. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 12/2021, Elkhorn Public Schools Foundation Inc employed 313 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Elkhorn 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 12/2021, Elkhorn Public Schools Foundation Inc generated $5.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.7% each year. All expenses for the organization totaled $3.4m during the year ending 12/2021. While expenses have increased by 7.0% 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, Elkhorn Public Schools Foundation Inc has awarded 62 individual grants totaling $2,475,988. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
BEFORE AND AFTER SCHOOL PROGRAM - PROVIDES STATE-LICENSED BEFORE AND AFTER SCHOOL CARE FOR CHILDREN AGES 5 THROUGH 12; PROVIDES FULL-TIME CARE DURING SUMMER MONTHS. CLASSROOM GRANTS PROGRAM - PROVIDES FUNDING TO SUPPORT INNOVATIVE IDEAS AND PROJECTS AT THE CLASSROOM LEVEL. SCHOLARSHIP PROGRAM - PROVIDES FOR THE FUNDING, SELECTION AND DISTRIBUTION OF STUDENT SCHOLARSHIPS.
Describe the Organization's Program Activity:
THE ELKHORN PUBLIC SCHOOL FOUNDATION THROUGH ITS ELKHORN KIDS CAMPUS PROGRAM PROVIDES STATE-LICENSED CHILD CARE SERVICES AWAY FROM HOME FOR OVER 1,000 SCHOOL AGE CHILDREN GRADES KINDERGARTEN THROUGH EIGHTH GRADE BEFORE AND AFTER SCHOOL HOURS IN ORDER TO ENABLE INDIVIDUALS TO BE GAINFULLY EMPLOYED. CHILD CARE SERVICES ARE AVAILABLE TO THE GENERAL PUBLIC DURING THE SCHOOL YEAR AND ALSO DURING THE SUMMER. EDUCATIONAL ACTIVITIES SUCH AS SCIENCE EXPERIMENTS, ARTS AND CRAFTS, FUN WITH FOOD AND PHYSICAL RECREATION ARE INCORPORATED INTO THE ELKHORN KIDS CAMPUS PROGRAM.
THE ELKHORN PUBLIC SCHOOLS FOUNDATION FUNDS AND ADMINISTERS SCHOLARSHIPS FOR GRADUATING SENIORS AT 2 ELKHORN HIGH SCHOOLS. SCHOLARSHIPS RECOGNIZE STUDENTS FOR OUTSTANDING ACADEMIC ACHIEVEMENT, ATHLETIC ACCOMPLISHMENTS, LEADERSHIP POTENTIAL, COMMUNITY INVOLVEMENT AND GOOD CHARACTER.
THE ELKHORN PUBLIC SCHOOLS FOUNDATION PROVIDES FUNDING TO TEACHERS TO OFFSET TUITION FOR COLLEGE CLASSES TAKEN DURING THE CALENDAR YEAR. UPON RECEIPT OF TEACHERS' TRANSCRIPTS, THEY ARE REIMBURSED $300 FOR THE YEAR IN WHICH THE CLASS WAS TAKEN. TEACHER ASSISTANTS ARE REIMBURSED $200 PER CALENDAR YEAR. THE FOUNDATION REIMBURSED 127 TEACHERS/TEACHERS ASSISTANTS DURING 2021.
OTHER MISCELLANEOUS PROGRAMS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stacey L Falk Executive Director | Officer | 40 | $112,744 |
Chad Rutar President | OfficerTrustee | 1 | $0 |
Jason Bartling Past President | OfficerTrustee | 1 | $0 |
Forrest Newburg Treasurer | OfficerTrustee | 1 | $0 |
Laurie Willburn Secretary | OfficerTrustee | 1 | $0 |
Renee Vokt School Board Liason | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $4,820 |
| Membership dues | $0 |
| Fundraising events | $177,896 |
| Related organizations | $0 |
| Government grants | $965,330 |
| All other contributions, gifts, grants, and similar amounts not included above | $525,195 |
| Noncash contributions included in lines 1a–1f | $57,254 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,673,241 |
| Total Program Service Revenue | $3,710,642 |
| Investment income | $210,462 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$22,909 |
| Net Gain/Loss on Asset Sales | $167,881 |
| Net Income from Fundraising Events | -$24,825 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,717,262 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $107,694 |
| Grants and other assistance to domestic individuals. | $424,700 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $116,077 |
| Compensation of current officers, directors, key employees. | $116,077 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,792,142 |
| Pension plan accruals and contributions | $24,891 |
| Other employee benefits | $91,401 |
| Payroll taxes | $145,501 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,284 |
| Fees for services: Accounting | $2,878 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $34,166 |
| Fees for services: Other | $44,645 |
| Advertising and promotion | $49,269 |
| Office expenses | $78,283 |
| Information technology | $19,775 |
| Royalties | $0 |
| Occupancy | $75,073 |
| Travel | $3,395 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,159 |
| Interest | $5,775 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $139,603 |
| Insurance | $30,631 |
| All other expenses | $0 |
| Total functional expenses | $3,376,416 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,708,419 |
| 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 | $0 |
| Inventories for sale or use | $300 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $4,299,470 |
| Investments—publicly traded securities | $8,530,514 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $200 |
| Total assets | $14,538,903 |
| 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 | $11,557,168 |
| Net assets with donor restrictions | $2,981,735 |
| 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 | $14,538,903 |
Grants Awarded
Over the last fiscal year, Elkhorn Public Schools Foundation Inc has awarded $99,914 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
ELKHORN PUBLIC SCHOOLS PURPOSE: AP TESTS - PAID $20 PER ADVANCED PLACEMENT TEST TAKEN BY HIGH SCHOOL STUDENTS | $37,540 |
ELKHORN PUBLIC SCHOOLS PURPOSE: MATH INTERVENTION - SALARIES FOR TEACHERS TO PROVIDE ADDITIONAL MATH ASSISTANCE TO STUDENTS BEFORE AND AFTER SCHOOL | $31,179 |
ELKHORN PUBLIC SCHOOLS PURPOSE: HONORS & EXCELLENCE PROGRAM - FUNDING T-SHIRTS FOR HIGH SCHOOL HONOR STUDENTS | $12,884 |
ELKHORN PUBLIC SCHOOLS PURPOSE: READING INTERVENTION - SALARIES FOR TEACHERS TO PROVIDE ADDITIONAL READING ASSISTANCE TO STUDENTS BEFORE AND AFTER SCHOOL | $6,683 |
ELKHORN PUBLIC SCHOOLS PURPOSE: CLASSROOM GRANTS TO EACH SCHOOL FOR TECHNOLOGY OR INNOVATIVE PROGRAMS IN THE CLASSROOMS | $6,275 |
ELKHORN PUBLIC SCHOOLS PURPOSE: KIDS IN NEED PROGRAMS - GROCERY GIFT CARDS AND INTERNET SERVICE FOR STUDENTS IN NEED | $5,353 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Elkhorn Public Schools Foundation Inc has recieved totaling $70,460.
| Awarding Organization | Amount |
|---|---|
George G & Barbara J Hendricks Family Foundation Lincoln, NE PURPOSE: SUPPORT ORGANIZATION | $50,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $10,307 |
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: UNRESTRICTED GENERAL SUPPORT | $10,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $153 |
Endowment Analysis
| Beg. Balance | $1,900,063 |
| Earnings | $208,521 |
| Admin Expense | $19,922 |
| Net Contributions | $170,059 |
| Other Expense | $500 |
| Grants | $71,854 |
| Ending Balance | $2,186,367 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Turing School Of Software And Design Denver, CO | $6,210,648 | $10,301,401 |
Rooted Denver, CO | $4,963,250 | $7,608,549 |
United States Space Foundation Colorado Springs, CO | $16,544,992 | $7,378,299 |
Collective For Youth Omaha, NE | $16,344,773 | $14,408,697 |
Youth Entrepreneurs Inc Wichita, KS | $8,370,922 | $6,293,107 |
Lena Foundation Louisville, CO | $6,954,124 | $11,160,800 |
Starfall Education Foundation Boulder, CO | $23,360,929 | $7,522,820 |
Communities In Schools Of Mid-America Inc Lawrence, KS | $5,926,043 | $10,689,088 |
Colorado High School Activities Association Aurora, CO | $4,647,577 | $4,396,075 |
Avenue Scholars Foundation Omaha, NE | $2,155,096 | $4,937,256 |
Iowa Western Community College Foundation Council Bluffs, IA | $36,011,501 | $4,880,435 |
Kauffman Scholars Inc Kansas City, MO | $2,305,850 | $5,242,341 |