Peru State College Foundation Inc
- Assets
- $22.2m
- Revenue
- $2.4m
- Investments
- $20.5m
- Employees
- 0
- Location
- Peru, NE
- Founding
- 05/1967
- Data as of
- 12/2021
- EIN
- 47-0495359
Organization Overview
Peru State College Foundation Inc is located in Peru, NE. The organization was established in 1967. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Peru State College 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, Peru State College Foundation Inc generated $2.4m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.0%) each year. All expenses for the organization totaled $966.4k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (12.3%) per year over the past 7 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
THE MISSION OF THE PERU STATE COLLEGE FOUNDATION IS TO PROVIDE ASSISTANCE AND SUPPORT FOR PERU STATE COLLEGE, A FOUR-YEAR LIBERAL ARTS INSTITUTION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE SCHOLARSHIPS TO QUALIFYING PERU STATE COLLEGE STUDENTS.
PROVIDE PERU STATE COLLEGE EDUCATIONAL AND ADMINISTRATIVE DEPARTMENTS WITH GRANTS FOR EQUIPMENT AND OPERATING PURPOSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cindy Hoffman Co-Treasurer | OfficerTrustee | 1 | $0 |
Al Urwin Secretary | OfficerTrustee | 1 | $0 |
Jeff Smith Co-Treasurer | OfficerTrustee | 1 | $0 |
Elton Edmond Co-Vice Chair | OfficerTrustee | 1 | $0 |
Jeff Greenwald Chair | OfficerTrustee | 1 | $0 |
Robin Smith Co-Treasurer | 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 | $810,675 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $810,675 |
| Total Program Service Revenue | $0 |
| Investment income | $842,960 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $650,543 |
| Net Income from Fundraising Events | $6,628 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,387,281 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $548,018 |
| 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. | $34,396 |
| Compensation of current officers, directors, key employees. | $29,237 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $99,595 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $12,422 |
| Fees for services: Accounting | $53,323 |
| 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 | $86,672 |
| Information technology | $44,935 |
| Royalties | $0 |
| Occupancy | $9,681 |
| 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 | $14,896 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $966,416 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,298,402 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $101,065 |
| Accounts receivable, net | $11,038 |
| 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 | $327,505 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $20,460,834 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $22,198,844 |
| Accounts payable and accrued expenses | $113,160 |
| 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 | $25,483 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $138,643 |
| Net assets without donor restrictions | $440,649 |
| Net assets with donor restrictions | $21,619,552 |
| 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 | $22,198,844 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Peru State College Foundation Inc has recieved totaling $18,588.
| Awarding Organization | Amount |
|---|---|
Clifford & Bradford Athletic Foundation Bakersfield, CA PURPOSE: HELP WITH ATHLETIC PROGRAM EXPENSES | $10,000 |
Nebraska Community Foundation Lincoln, NE PURPOSE: GENERAL SUPPORT | $6,000 |
Charles E Lakin Foundation Inc Council Bluffs, IA PURPOSE: CONTRIBUTION FOR GENERAL PURPOSES | $2,400 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $188 |
Endowment Analysis
| Beg. Balance | $19,653,278 |
| Earnings | $1,918,326 |
| Admin Expense | $272,473 |
| Net Contributions | $841,338 |
| Grants | $520,917 |
| Ending Balance | $21,619,552 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Colorado State University Foundation Fort Collins, CO | $706,044,439 | $163,322,590 |
Colorado School Of Mines Foundation Golden, CO | $425,843,908 | $49,131,943 |
American Indian College Fund Denver, CO | $151,570,496 | $57,441,920 |
South Dakota State University Foundation Brookings, SD | $287,960,105 | $54,798,337 |
Northern State University Foundation Aberdeen, SD | $84,974,607 | $23,577,331 |
Missouri State University Foundation Springfield, MO | $193,009,225 | $33,993,322 |
University Of South Dakota Foundation Vermillion, SD | $352,818,128 | $49,591,248 |
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 |