Fremont Area Community Foundation Inc
- Assets
- $29.1m
- Revenue
- $3.9m
- Investments
- $425.4k
- Employees
- 4
- Location
- Fremont, NE
- Founding
- 07/1983
- Data as of
- 06/2021
- 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 06/2021, 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 06/2021, Fremont Area Community Foundation Inc generated $3.9m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 12.8% each year . All expenses for the organization totaled $3.0m during the year ending 06/2021. While expenses have increased by 17.5% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Fremont Area Community Foundation Inc has awarded 217 individual grants totaling $5,906,092. 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
2021
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
ENDOWMENT AND ADVISED FUNDS - PROVIDES FUNDING TO PROGRAMS TO ASSIST IN ARTS AND CULTURE, CIVIC IMPROVEMENTS, EDUCATION, HEALTH AND RECREATION, AND SOCIAL SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Melissa Diers Executive Director | Officer | 40 | $88,399 |
Terry Mcclain President | OfficerTrustee | 1 | $0 |
Jennifer Bixby President Elect/vice President | OfficerTrustee | 1 | $0 |
Bob Hillis Past President | OfficerTrustee | 1 | $0 |
Caryl Johannsen Secretary/treasurer | OfficerTrustee | 1 | $0 |
Vanessa Brown 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 | $2,746,524 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,746,524 |
| Total Program Service Revenue | $293,391 |
| Investment income | $379,168 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $411,885 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,888,897 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,141,368 |
| 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. | $88,399 |
| Compensation of current officers, directors, key employees. | $88,399 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $93,134 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $13,692 |
| 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 | $29,686 |
| Fees for services: Other | $0 |
| Advertising and promotion | -$1,010 |
| Office expenses | $3,733 |
| Information technology | $40,728 |
| Royalties | $0 |
| Occupancy | $4,670 |
| Travel | $479 |
| 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 | $294 |
| Insurance | $6,837 |
| All other expenses | $41,416 |
| Total functional expenses | $3,004,130 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $449,886 |
| Savings and temporary cash investments | $200,451 |
| Pledges and grants receivable | $343,850 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $60,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $11,704 |
| Net Land, buildings, and equipment | $1,842 |
| Investments—publicly traded securities | $27,590,118 |
| Investments—other securities | $425,386 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $29,083,237 |
| Accounts payable and accrued expenses | $19,041 |
| Grants payable | $205,733 |
| 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 | $2,077,362 |
| Total liabilities | $2,302,136 |
| Net assets without donor restrictions | $10,213,826 |
| Net assets with donor restrictions | $16,567,275 |
| 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 | $29,083,237 |
Grants Awarded
Over the last fiscal year, Fremont Area Community Foundation Inc has awarded $1,481,820 in support to 57 organizations.
| Grant Recipient | Amount |
|---|---|
CITY OF FREMONT PURPOSE: Program Support | $319,330 |
Fremont, NE PURPOSE: Program Support | $172,647 |
Fremont, NE PURPOSE: Program Support | $111,017 |
Fremont, NE PURPOSE: Program Support | $77,371 |
Omaha, NE PURPOSE: Program Support | $67,069 |
Fremont, NE PURPOSE: Program Support | $66,663 |
Grants Recieved
Over the last fiscal year, we have identified 12 grants that Fremont Area Community Foundation Inc has recieved totaling $175,163.
| Awarding Organization | Amount |
|---|---|
Central New York Community Foundation Inc Syracuse, NY PURPOSE: GENERAL SUPPORT | $125,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $22,600 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $14,265 |
Nebraska Community Foundation Lincoln, NE PURPOSE: GENERAL SUPPORT | $10,000 |
Land O L Foundation St Paul, MN PURPOSE: INDEPENDENT RETAILER MATCH | $2,000 |
Pfizer Foundation Inc New York, NY PURPOSE: MATCHING GIFTS | $1,050 |
Endowment Analysis
| Beg. Balance | $7,206,108 |
| Earnings | $904,329 |
| Admin Expense | $150,126 |
| Net Contributions | $239,517 |
| Ending Balance | $8,199,828 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Aspen Community Foundation Basalt, CO | $62,511,754 | $28,301,426 |
Jewish Community Foundation Of Greater Kansas City Overland Park, KS | $291,884,746 | $15,071,209 |
Impact Charitable Denver, CO | $10,724,494 | $21,202,015 |
Greater Salina Community Foundation Salina, KS | $322,187,245 | $17,442,186 |
Quad Cities Community Foundation Bettendorf, IA | $165,771,747 | $15,098,956 |
Greater Manhattan Community Foundation Manhattan, KS | $138,440,801 | $66,806,194 |
Jewishcolorado Denver, CO | $81,767,824 | $13,645,129 |
Greater Cedar Rapids Community Foundation Cedar Rapids, IA | $223,368,352 | $26,493,454 |
The Community Foundation Boulder, CO | $79,799,287 | $19,282,047 |
Wyoming Community Foundation Laramie, WY | $214,898,852 | $21,534,093 |
St Louis Community Foundation St Louis, MO | $112,098,850 | $20,148,169 |
Community Foundation Of Northern Colorado Fort Collins, CO | $185,330,639 | $37,336,720 |