Omaha Schools Foundation
- Assets
- $37.4m
- Revenue
- $8.5m
- Investments
- $117.7k
- Employees
- 185
- Location
- Omaha, NE
- Founding
- 06/1984
- Data as of
- 08/2021
- EIN
- 36-3301526
Organization Overview
Omaha Schools Foundation is located in Omaha, NE. The organization was established in 1984. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. As of 08/2021, Omaha Schools Foundation employed 185 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Omaha Schools 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 08/2021, Omaha Schools Foundation generated $8.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (14.0%) each year. All expenses for the organization totaled $4.6m during the year ending 08/2021. As we would expect to see with falling revenues, expenses have declined by (15.0%) per year over the past 6 years. 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
SUPPORT EDUCATION MISSION OF THE OMAHA PUBLIC SCHOOL DISTRICT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TEACHER AWARDS AND CLASSROOM GRANT PROJECTS ARE FUNDED DIRECTLY BY THE FOUNDATION AND PROVIDE A CATALYST FOR RAISING TEACHER MORALE BY PROVIDING A RESOURCE FOR DEVELOPING INNOVATIVE INSTRUCTIONAL PRACTICES. MANY OF THESE PROJECTS HAVE LATER BECOME PART OF THE SCHOOL'S REGULAR CURRICULUM. THROUGH THESE PROJECTS, AWARDS, AND PROGRAMS, THE OMAHA PUBLIC SCHOOLS FOUNDATION SEEKS TO SUSTAIN THIS COMMUNITY'S TRADITION OF EXCELLENCE IN EDUCATION.
KIDS CLUB IS A BEFORE AND AFTER SCHOOL PROGRAM ADMINISTERED BY THE OMAHA PUBLIC SCHOOLS FOUNDATION FOR CHILDREN ATTENDING OMAHA PUBLIC ELEMENTARY SCHOOLS.THE MISSION OF KIDS CLUB IS TO PROVIDE HIGH QUALITY CARE FOR CHILDREN IN A SAFE NUTURING ENVIRONMENT. STUDENTS ARE GREETED EACH DAY BY QUALIFIED CHILD CARE SPECIALISTS WHO FACILITATE ACTIVITIES THAT INCLUDE ARTS AND CRAFTS, OUTDOOR GAMES, STORYTELLING, MUSIC AND DRAMA.
THE OMAHA PUBLIC SCHOOLS FOUNDATION ADMINISTERS MANY DIFFERENT SCHOLARSHIPS FOR GRADUATING SENIORS OF THE OMAHA PUBLIC SCHOOLS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Toba Cohen-Dunning Executive Director | Officer | 40 | $102,835 |
Gema Simmons President | OfficerTrustee | 4 | $0 |
Herman Colvin Secretary | OfficerTrustee | 1 | $0 |
Susan Aguilera Robles Vice President | OfficerTrustee | 3 | $0 |
Cheryl Logan Treasurer | Officer | 1 | $0 |
Art Brown Member | Trustee | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $14,996 |
| Related organizations | $0 |
| Government grants | $564,447 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,738,539 |
| Noncash contributions included in lines 1a–1f | $1,324,575 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,317,982 |
| Total Program Service Revenue | $1,301,309 |
| Investment income | $797,608 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,071,244 |
| Net Income from Fundraising Events | -$36,304 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,451,839 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,722,324 |
| Grants and other assistance to domestic individuals. | $438,759 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $106,435 |
| Compensation of current officers, directors, key employees. | $106,435 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,140,991 |
| Pension plan accruals and contributions | $9,550 |
| Other employee benefits | $15,013 |
| Payroll taxes | $111,525 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,010 |
| Fees for services: Accounting | $25,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $151,894 |
| Fees for services: Other | $403,624 |
| Advertising and promotion | $7,992 |
| Office expenses | $100,698 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $70,776 |
| Travel | $14,733 |
| 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 | $18,147 |
| Insurance | $38,931 |
| All other expenses | $0 |
| Total functional expenses | $4,635,189 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,193,785 |
| Savings and temporary cash investments | $2,972,626 |
| Pledges and grants receivable | $125,168 |
| Accounts receivable, net | $79,644 |
| 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 | $9,123 |
| Net Land, buildings, and equipment | $55,017 |
| Investments—publicly traded securities | $32,533,461 |
| Investments—other securities | $117,726 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $300,000 |
| Total assets | $37,386,550 |
| Accounts payable and accrued expenses | $238,935 |
| 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 | $536,515 |
| Other liabilities | $150,760 |
| Total liabilities | $926,210 |
| Net assets without donor restrictions | $14,132,506 |
| Net assets with donor restrictions | $22,327,834 |
| 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 | $37,386,550 |
Grants Awarded
Over the last fiscal year, Omaha Schools Foundation has awarded $31,426,931 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
DOUGLAS COUNTY SCHOOL DISTRICT 001 PURPOSE: GENERAL SUPPORT | $31,350,931 |
Bellevue, NE PURPOSE: GENERAL SUPPORT | $30,000 |
Omaha, NE PURPOSE: GENERAL SUPPORT | $10,000 |
Omaha, NE PURPOSE: GENERAL SUPPORT | $8,500 |
Omaha, NE PURPOSE: GENERAL SUPPORT | $7,500 |
Omaha, NE PURPOSE: GENERAL SUPPORT | $5,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Omaha Schools Foundation has recieved totaling $25,000.
| Awarding Organization | Amount |
|---|---|
W L And Sydney M Winstrom Charitable Trust Omaha, NE PURPOSE: ANNUAL APPEAL | $25,000 |
Endowment Analysis
| Beg. Balance | $2,294,382 |
| Earnings | $549,958 |
| Admin Expense | $29,266 |
| Ending Balance | $2,815,074 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Umkc Foundation Kansas City, MO | $70,681,044 | $43,162,989 |
University Of Northern Iowa Foundation Cedar Falls, IA | $173,378,893 | $31,725,389 |
National Assistance Foundation Des Moines, IA | $16,519,301 | $16,875,706 |
St Louis Charter Schools St Louis, MO | $19,224,709 | $16,300,473 |
Washburn University Foundation Topeka, KS | $212,049,839 | $17,810,833 |
Linda Hall Library Trust Kansas City, MO | $201,287,634 | $7,552,380 |
Sioux Falls Christian Schools Association Sioux Falls, SD | $33,580,780 | $15,294,565 |
Fort Hays State University Foundation Hays, KS | $117,134,366 | $18,921,024 |
University Of Northern Colorado Foundation Inc Greeley, CO | $134,921,327 | $19,470,249 |
Private Education-Employers Trust St Louis, MO | $386,613 | $11,502,248 |
Emporia State University Foundation Emporia, KS | $139,579,484 | $15,768,413 |
Grinnell College Medical Benefit Plan Trust Agreement Grinnell, IA | $11,174,588 | $9,791,771 |