Fremont Area Community Foundation Inc
- Assets
- $27.0m
- Revenue
- $4.9m
- Investments
- $485.7k
- Employees
- 4
- Location
- Fremont, NE
- Founding
- 07/1983
- Data as of
- 06/2022
- EIN
- 47-0629642
Organization Overview
Fremont Area Community Foundation Inc is located in Fremont, NE. The organization was established in 1983. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 06/2022, Fremont Area Community Foundation Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fremont Area Community 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 06/2022, Fremont Area Community Foundation Inc generated $4.9m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 12.4% each year . All expenses for the organization totaled $2.1m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Fremont Area Community Foundation Inc has awarded 201 individual grants totaling $5,360,232. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO IMPROVE THE QUALITY OF LIFE IN THE FREMONT AREA BY CONNECTING DONOR INTEREST WITH COMMUNITY NEEDS AND SERVING AS A LEADER AND CATALYST IN THE DEVELOPMENT OF SOLUTIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO IMPROVE THE QUALITY OF LIFE IN THE FREMONT AREA BY CONNECTING DONOR INTEREST WITH COMMUNITY NEEDS AND SERVING AS A LEADER AND CATALYST IN THE DEVELOPMENT OF SOLUTIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Melissa Diers Executive Di | Officer | 40 | $92,398 |
Patti Beebe Director | Trustee | 1 | $0 |
Barry Benson Director | Trustee | 1 | $0 |
Jennifer Bixby Vice Preside | OfficerTrustee | 1 | $0 |
Vanessa Brown Director | Trustee | 1 | $0 |
Tanya Dillon Director | Trustee | 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 | $3,117,966 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,117,966 |
| Total Program Service Revenue | $375,265 |
| Investment income | $584,895 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $783,624 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,891,897 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,129,223 |
| 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. | $96,397 |
| Compensation of current officers, directors, key employees. | $96,397 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $100,230 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $14,673 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,950 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $35,318 |
| Fees for services: Other | $0 |
| Advertising and promotion | $320 |
| Office expenses | $5,018 |
| Information technology | $43,264 |
| Royalties | $0 |
| Occupancy | $5,094 |
| Travel | $764 |
| 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 | $293 |
| Insurance | $5,835 |
| All other expenses | -$26,810 |
| Total functional expenses | $2,108,208 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $462,474 |
| Savings and temporary cash investments | $196,652 |
| Pledges and grants receivable | $374,163 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $40,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $7,893 |
| Net Land, buildings, and equipment | $1,549 |
| Investments—publicly traded securities | $25,472,310 |
| Investments—other securities | $485,660 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $27,040,701 |
| Accounts payable and accrued expenses | $16,774 |
| Grants payable | $75,000 |
| 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 | $1,711,083 |
| Total liabilities | $1,802,857 |
| Net assets without donor restrictions | $9,487,289 |
| Net assets with donor restrictions | $15,750,555 |
| 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 | $27,040,701 |
Grants Awarded
Over the last fiscal year, Fremont Area Community Foundation Inc has awarded $768,500 in support to 30 organizations.
| Grant Recipient | Amount |
|---|---|
ARCHBISHOP BERGAN CATHOLIC SCHOOLS PURPOSE: PROGRAM SUPPORT | $20,800 |
AUTISM CENTER OF NEBRASKA PURPOSE: PROGRAM SUPPORT | $10,000 |
BANISTERS LEADERSHIP ACADEMY PURPOSE: PROGRAM SUPPORT | $15,000 |
CALVIN CREST CONFERENCE AND RETREAT PURPOSE: PROGRAM SUPPORT | $20,000 |
CAMP FONTANELLE PURPOSE: PROGRAM SUPPORT | $25,000 |
CHRISTENSEN FIELD IMPROVEMENT TASK PURPOSE: PROGRAM SUPPORT | $7,500 |