Papillion Lavista Schools Foundation
- Assets
- $9.5m
- Revenue
- $7.1m
- Investments
- $0.0
- Employees
- 191
- Location
- Papillion, NE
- Founding
- 03/1992
- Data as of
- 12/2021
- 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 12/2021, Papillion Lavista Schools Foundation employed 191 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 12/2021, Papillion Lavista Schools Foundation generated $7.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.7% each year. All expenses for the organization totaled $4.7m during the year ending 12/2021. While expenses have increased by 5.8% per year over the past 7 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
2021
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lee Denker Executive Director (after 3/8/21) | Officer | 40 | $124,183 |
John Erickson Executive Director (until 2/26/21) | Officer | 40 | $47,801 |
Bret Abels Vice President | OfficerTrustee | 1 | $0 |
Karla Rupiper President | OfficerTrustee | 1 | $0 |
Allan Harry Treasurer | OfficerTrustee | 1 | $0 |
Jill Govier Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $18,705 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $862,144 |
| All other contributions, gifts, grants, and similar amounts not included above | $967,192 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,848,041 |
| Total Program Service Revenue | $4,201,598 |
| Investment income | $143,577 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $782,487 |
| Net Income from Fundraising Events | $78,166 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,053,869 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,053,027 |
| Grants and other assistance to domestic individuals. | $46,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $179,759 |
| Compensation of current officers, directors, key employees. | $179,759 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,963,324 |
| Pension plan accruals and contributions | $15,572 |
| Other employee benefits | $162,366 |
| Payroll taxes | $164,810 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $19,023 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $31,996 |
| Fees for services: Other | $0 |
| Advertising and promotion | $46,148 |
| Office expenses | $166,979 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $6,505 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,797 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $35,993 |
| Insurance | $27,881 |
| All other expenses | $38,643 |
| Total functional expenses | $4,687,826 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,451 |
| Savings and temporary cash investments | $2,331,891 |
| Pledges and grants receivable | $384,014 |
| Accounts receivable, net | $24,296 |
| 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 | $26,212 |
| Net Land, buildings, and equipment | $1,064,040 |
| Investments—publicly traded securities | $5,652,624 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $9,484,528 |
| Accounts payable and accrued expenses | $182,879 |
| Grants payable | $0 |
| Deferred revenue | $70,241 |
| 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 | $24,818 |
| Total liabilities | $277,938 |
| Net assets without donor restrictions | $6,245,080 |
| Net assets with donor restrictions | $2,961,510 |
| 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 | $9,484,528 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Papillion Lavista Schools Foundation has recieved totaling $69,509.
| Awarding Organization | Amount |
|---|---|
Reruns R Fun Inc La Vista, NE PURPOSE: Public Support | $22,249 |
Charities Aid Foundation America Alexandria, VA PURPOSE: CHARITABLE DONATION | $20,000 |
Tides Foundation San Francisco, CA PURPOSE: QUALITY EDUCATION | $15,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $7,000 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $5,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $260 |
Endowment Analysis
| Beg. Balance | $2,481,515 |
| Earnings | $302,008 |
| Net Contributions | $287,848 |
| Other Expense | $15,379 |
| Ending Balance | $3,055,992 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Nebraska Student Loan Program Inc Lincoln, NE | $230,624,169 | $45,453,979 |
Kansas City Scholars Inc Kansas City, MO | $5,810,030 | $12,156,402 |
Des Moines Golf And Country Club West Des Moines, IA | $24,329,403 | $13,657,003 |
Waitt Foundation North Sioux City, SD | $157,175,219 | $6,009,824 |
Scholarship Foundation Of St Louis St Louis, MO | $49,025,721 | $11,563,775 |
Western Union Foundation Inc Denver, CO | $4,087,172 | $7,099,166 |
Rsm Us Foundation Davenport, IA | $13,920,904 | $7,669,329 |
Foundation For Educational Funding Lincoln, NE | $161,530,703 | $9,132,107 |
Western States Learning Corporation Cheyenne, WY | $7,278,085 | $6,097,150 |
Prosperity Denver Fund Denver, CO | $29,340,017 | $14,622,453 |
Reisher Family Foundation Lakewood, CO | $521,642,537 | $444,544,338 |
Papillion Lavista Schools Foundation Papillion, NE | $9,484,528 | $7,053,869 |