Millard Public Schools Foundation Inc
- Assets
- $17.1m
- Revenue
- $8.3m
- Investments
- $0.0
- Employees
- 261
- Location
- Omaha, NE
- Founding
- 09/1985
- Data as of
- 05/2020
- EIN
- 47-0678796
Organization Overview
Millard Public Schools Foundation Inc is located in Omaha, NE. The organization was established in 1985. According to its NTEE Classification (P33) the organization is classified as: Child Day Care, under the broad grouping of Human Services and related organizations. As of 05/2022, Millard Public Schools Foundation Inc employed 261 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Millard Public Schools 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 05/2020, Millard Public Schools Foundation Inc generated $8.3m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.5%) each year. All expenses for the organization totaled $8.4m during the year ending 05/2020. As we would expect to see with falling revenues, expenses have declined by (0.6%) per year over the past 6 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
CHILD CARE/EDUCATIONAL SUPPORT
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATIONAL SCHOLARSHIPS AND GRANTS TO STUDENTS AND TEACHERS OF MILLARD PUBLIC SCHOOLS, INCLUDING COLLEGE SCHOLARSHIPS AND SCHOLARSHIPS FOR TEACHERS TO ATTEND THE UNIVERSITY OF NEBRASKA-OMAHA.
FULL-TIME AND PART-TIME MONTESSORI AND PRESCHOOL PROGRAMS AND CHILDCARE PROGRAM WHICH SERVES STUDENTS BEFORE/AFTER SCHOOL AT THE SCHOOL ALLOWING WORKING PARENTS TO BE EMPLOYED. TWENTY-FIVE SCHOOLS PROVIDE THIS PROGRAM RUN BY APPROXIMATELY 225 QUALIFIED PEOPLE.
EDUCATION SUPPORT FOR MILLARD PUBLIC SCHOOLS. EVERY SCHOOL HASRECEIVED SOME TYPE OF SUPPORT. SUPPORT INCLUDED SCHOOL IMPROVEMENTGRANTS SUPPORTING VARIOUS NEEDS AND PRIORITIES IN EACH SCHOOL; MEDIACENTER GRANTS WHICH PROVIDE FOR EXTENDED HOURS; EARLY COLLEGE, ADVANCEDPLACEMENT AND INTERNATIONAL BACCALAUREATE GRANTS TO ALLOW STUDENTS TOCHALLENGE THEMSELVES WITH RIGOROUS COURSEWORK; AND GRANTS FORELECTRONIC LEARNING TO GIVE STUDENTS ADDITIONAL OPPORTUNITIES TOCONTINUE LEARNING AT HOME.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carlos Castillo Executive Dir | Officer | 45 | $152,567 |
Brian Cassata Past President | OfficerTrustee | 2 | $0 |
Erin Hoffman President-Elect | OfficerTrustee | 2 | $0 |
Brenda Christensen President | OfficerTrustee | 2 | $0 |
Jessica Covi Treasurer | OfficerTrustee | 2 | $0 |
Dulce Sherman Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,015,443 |
| Investment income | $298,637 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $81,418 |
| Net Gain/Loss on Asset Sales | -$41,252 |
| Net Income from Fundraising Events | $65,516 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,258,892 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $157,253 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $256,843 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,799,548 |
| Pension plan accruals and contributions | $39,998 |
| Other employee benefits | $167,080 |
| Payroll taxes | $224,483 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,170 |
| Fees for services: Accounting | $49,589 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $52,649 |
| Fees for services: Other | $20,876 |
| Advertising and promotion | $38,665 |
| Office expenses | $45,962 |
| Information technology | $86,816 |
| 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 | $7,149 |
| Interest | $24,488 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $55,432 |
| Insurance | $110,044 |
| All other expenses | $0 |
| Total functional expenses | $8,385,322 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,370,769 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $268,967 |
| Accounts receivable, net | $72,787 |
| 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 | $3,512 |
| Investments—publicly traded securities | $11,595,598 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $17,123,323 |
| Accounts payable and accrued expenses | $1,335,617 |
| Grants payable | $0 |
| Deferred revenue | $103,275 |
| 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 | $2,106,227 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $3,545,119 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $13,578,204 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Millard Public Schools Foundation Inc has recieved totaling $171,264.
| Awarding Organization | Amount |
|---|---|
Sherwood Foundation Omaha, NE PURPOSE: GROWING AN ACT CULTURE | $119,900 |
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: UNRESTRICTED GENERAL SUPPORT | $17,500 |
Barker Family Foundation Omaha, NE PURPOSE: CHARITABLE | $15,000 |
Rebensdorf Family Foundation Omaha, NE PURPOSE: CHILD CARE/EDUCATION SUPPORT | $9,000 |
Wm A & Norma Nelson Foundation Omaha, NE PURPOSE: CHARITABLE AND EDUCATIONAL CAUSES | $6,500 |
The Denney Charitable Trust Omaha, NE PURPOSE: OUTSTANDING TEACHER AWARD | $2,000 |
Endowment Analysis
| Beg. Balance | $1,420,281 |
| Earnings | -$103,009 |
| Net Contributions | $2,624 |
| Grants | $35,650 |
| Ending Balance | $1,284,246 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Children And Families Of Iowa Des Moines, IA | $18,712,609 | $16,514,094 |
Operation Breakthrough Inc Kansas City, MO | $30,816,270 | $15,851,429 |
Mile High Montessori Early Learning Centers Denver, CO | $17,533,057 | $15,372,863 |
Child Start Inc Wichita, KS | $9,937,942 | $12,651,016 |
Rainbows United Inc Wichita, KS | $9,766,961 | $11,658,952 |
Guadalupe Center Inc Kansas City, MO | $11,857,971 | $9,741,504 |
Millard Public Schools Foundation Inc Omaha, NE | $17,123,323 | $8,258,892 |
New Horizons Ministries Inc Canon City, CO | $10,572,666 | $7,833,240 |
Urban Sprouts University City, MO | $386,056 | $8,466,717 |
Child Day Care Association Of Saint Louis St Louis, MO | $1,371,542 | $6,637,461 |
Montessori Academy Of Colorado Denver, CO | $8,428,837 | $6,258,258 |
Child Development Center Of Natrona County Casper, WY | $9,028,094 | $5,917,154 |