Lyons Community Foundation
- Assets
- $677.8k
- Revenue
- $36.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Lyons, NE
- Founding
- 05/1994
- Data as of
- 12/2022
- EIN
- 36-3693096
Organization Overview
Lyons Community Foundation is located in Lyons, NE. The organization was established in 1994. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lyons 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 12/2022, Lyons Community Foundation generated $36.8k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 5.7% each year. All expenses for the organization totaled $14.6k during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO RECEIVE, ADMINISTER, AND DISBURSE FUNDS REQUESTED FOR CIVIC, EDUCATIONAL, OR CULTURAL NEED AND DESIGNATED AS CONTRIBUTIONS FOR IMPROVEMENT AND/OR ECONOMIC DEVELOPMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DESIGNATED FUND ACCOUNTS ARE ESTABLISHED FOR SPECIFIC PURPOSES, WHERE INTEREST AND PRINCIPAL ARE RETURNED BACK TO SPECIFIC DESIGNATED INDIVIDUALS MANAGED IN 2022 INCLUDED THE FOLLOWING CONTRIBUTIONS TO THE FOLLOWING SPECIFIC FUNDS; ROBERT HILT SCHOLARSHIP FUND $2,000; KIRK 1 SCHOLARSHIP FUND $2,040; LYONS PROPERTY DEVELOPMENT SAVINGS $4,955; MEGAN CAMERON CLASS OF 2002 SCHOLARSHIP FUND $450; NORMIL FOUNDATION COMMUNITY IMPROVEMENT GRANT FUND $7,300; OTHER MANAGED DESIGNATED FUNDS ACCOUNTS INCLUDE: CEMETARY FENCE FUND, COUGAR CUBS FUND, KELLY FRENCH SCHOLARSHIP FUND, JUNIOR GOLF ENDOWMENT FUND, MAIN STREET HISTORICAL PRESERVATION FUND, LYONS CITY PARK FUND, LYONS POOL FUND, TINY COUNTY INN PROJECT FUND, LYONS PUBLIC LIBRARY ENDOWMENT FUND.
SCHOLARSHIP ENDOWMENT FUND ACCOUNT GENERATES FUNDS USED TO GRANT SCHOLARSHIPS TO DESERVING GRADUATES OF LYONS - DECATUR NORTHEAST SCHOOL WHO ARE INTENDING TO CONTINUE THEIR EDUCATION. SCHOLARSHIPS IN THE AMOUNT OF $3,850 WERE AWARDED IN 2022 AND THE BALANCE IN THE SCHOLARSHIP ENDOWMENT FUND ACCOUNT AT THE END OF THE YEAR WAS $109,434.
ENDOWMENT FUND ACCOUNT BENEFITS THE COMMUNITY WITH GRANTS FROM INTEREST EARNED, AWARDED PRIMARILY FOR COMMUNITY ECONOMIC DEVELOPMENT MEETING CIVIC, EDUCATIONAL, CULTURAL, RECREATIONAL, HUMANITARIAN OR HEALTH NEEDS TO COMMUNITY MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kevin Anderson Director | Trustee | 1 | $0 |
Kyle Brink Director | Trustee | 1 | $0 |
Rex Haskell Treasurer | OfficerTrustee | 1 | $0 |
Denise Johnson Secretary | OfficerTrustee | 1 | $0 |
Gene Nelsen President | OfficerTrustee | 1 | $0 |
Kristie Peterson Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $400 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $28,245 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $28,645 |
| Total Program Service Revenue | $0 |
| Investment income | $8,127 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $36,772 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $14,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $96 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $14,596 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,896 |
| Savings and temporary cash investments | $671,945 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $677,841 |
| 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 | $252,316 |
| Net assets with donor restrictions | $425,525 |
| 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 | $677,841 |