Lyons Community Foundation

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 12/2021, Lyons Community Foundation generated $17.6k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.2%) each year. All expenses for the organization totaled $4.6k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

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

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.


SCHOLARSHIP ENDOWMENT FUND ACCOUNT GENERATES FUNDS USED TO GRANT SCHOLARSHIPS TO DESERVING GRADUATES OF LYONS - DECATUR NORTHEAST SCHOOL WHO ARE INTENDING TO CONTINUE THEIR EDUCATON. THREE SCHOLARSHIPS OF 1,500,EACH, WERE AWARDED IN 2021. ONE CONTRIBUTION OF 50 WAS AWARDED AND THE BALANCE IN THE SCHOLARSHIP ENDOWMENT FUND ACCOUNT AT THE END OF THE YEAR, 2021 WAS 105,084.


DESIGNATED FUND ACCOUNTS ARE ESTABLISHED FOR SPECIFIC PURPOSES, WHERE INTEREST AND PRINCIPAL ARE RETURNED BACK TO SPECIFIC DESIGNATED INDIVIDUALS MANAGED IN 2021 INCLUDED THE FOLLOWING CONTRIBUTIONS TO THE FOLLOWING SPECIFIC FUNDS; ROBERT HILT SCHOLARSHIOP FUND 1,500; KIRK 1 SCHOLARSHIP FUND 2,335; MEGAN CAMERON CLASS OF 2002 SCHOLARSHIP FUND 500; NORMIL FOUNDATION COMMUNITY IMMPROVEMENT GRANT FUND 4,100. OTHER MANAGED DESIGNATED FUNDS ACCOUNTS INCLUE: CEMETARY FENCE FUND, COUGAR CUBS FUND, KELLY FRENCH SCHLORASHIP 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.


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Board, Officers & Key Employees

Name (title)Compensation
Rex Haskell
Treaurer/dir
$0
Denise Johnson
Secretary/di
$0
Gene Nelsen
President/di
$0
Daniel A Smith
Vice Preside
$0
Kevin Anderson
Director
$0
Kyle Brink
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$50
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$10,985
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$11,035
Total Program Service Revenue$0
Investment income $6,559
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 $17,594

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Lyons Community Foundation has recieved totaling $8,800.

Awarding OrganizationAmount
Normil Foundation

Lincoln, NE

PURPOSE: UNRESTRICTED

$8,800
View Grant Recipient Profile

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