Papillion Lavista Schools Foundation
- Assets
- $14.0m
- Revenue
- $7.7m
- Investments
- $0.0
- Employees
- 215
- Location
- Papillion, NE
- Founding
- 03/1992
- Data as of
- 12/2023
- EIN
- 47-0718860
Organization Overview
Papillion Lavista Schools Foundation is located in Papillion, NE. The organization was established in 1992. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. As of 12/2023, Papillion Lavista Schools Foundation employed 215 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Papillion Lavista Schools 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 12/2023, Papillion Lavista Schools Foundation generated $7.7m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 8.5% each year. All expenses for the organization totaled $4.9m during the year ending 12/2023. While expenses have increased by 5.0% per year over the past 9 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO ENHANCE THE EDUCATIONAL OPPORTUNITIES FOR CHILDREN IN THE PAPILLION-LA VISTA PUBLIC SCHOOL DISTRICT. THE FOUNDATION PROVIDES SCHOLARSHIPS AND PROGRAM SUPPORT TO STUDENTS OF THE DISTRICT. ISSUES GRANTS TO THE TEACHERS/STAFF OF THE DISTRICT AND OPERATES THE KIDS CLUB CHILD CARE PROGRAM IN 16 ELEMENTARY SCHOOLS IN THE DISTRICT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
KIDS CLUB OFFERS BEFORE AND AFTER SCHOOL CARE & SUMMER DAY CARE FOR PAPILLION-LAVISTA SCHOOL DISTRICT STUDENTS.
GRANTS ARE GIVEN TO TEACHERS AND THE SCHOOL DISTRICT SO THAT THEY MAY PURSUE SPECIAL PROJECTS THAT ENHANCE EDUCATION AND/OR FURTHER THEIR EDUCATION.
SCHOLARSHIPS ARE GIVEN TO STUDENTS OF THE SCHOOL DISTRICT TO BE USED TOWARDS EDUCATIONAL EXPENSES AT A COLLEGE OF THEIR CHOICE.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Allan Harry Director | Trustee | 1 | $0 |
Ami Nichols Director | Trustee | 1 | $0 |
Andrew Rikli Director | Trustee | 1 | $0 |
Bonnie Moore Director | Trustee | 1 | $0 |
Brad Strittmatter Director | Trustee | 1 | $0 |
Bret Abels President | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $109,804 |
| Related organizations | $0 |
| Government grants | $1,219,361 |
| All other contributions, gifts, grants, and similar amounts not included above | $744,103 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,073,268 |
| Total Program Service Revenue | $5,247,350 |
| Investment income | $286,051 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$546 |
| Net Income from Fundraising Events | $47,059 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,653,182 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $621,112 |
| Grants and other assistance to domestic individuals. | $78,800 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $188,782 |
| Compensation of current officers, directors, key employees. | $188,782 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,424,680 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $180,629 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $134,768 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $26,884 |
| Office expenses | $109,691 |
| Information technology | $0 |
| 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 | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $71,271 |
| Insurance | $0 |
| All other expenses | $16,467 |
| Total functional expenses | $4,905,516 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $17,323 |
| Savings and temporary cash investments | $2,794,242 |
| Pledges and grants receivable | $1,534,207 |
| Accounts receivable, net | $56,734 |
| 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 | $22,213 |
| Net Land, buildings, and equipment | $1,128,185 |
| Investments—publicly traded securities | $8,465,160 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $14,018,064 |
| Accounts payable and accrued expenses | $41,313 |
| Grants payable | $0 |
| Deferred revenue | $50,016 |
| 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 | $193,977 |
| Total liabilities | $285,306 |
| Net assets without donor restrictions | $10,022,637 |
| Net assets with donor restrictions | $3,710,121 |
| 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 | $14,018,064 |