Grand Island Public Schools Foundation
- Assets
- $11.3m
- Revenue
- $3.7m
- Investments
- $0.0
- Employees
- 6
- Location
- Grand Island, NE
- Founding
- 01/1991
- Data as of
- 08/2023
- EIN
- 47-0735201
Organization Overview
Grand Island Public Schools Foundation is located in Grand Island, NE. The organization was established in 1991. According to its NTEE Classification (B84) the organization is classified as: Alumni Associations, under the broad grouping of Education and related organizations. As of 08/2023, Grand Island Public Schools Foundation employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Grand Island Public 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 08/2023, Grand Island Public Schools Foundation generated $3.7m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 14.2% each year . All expenses for the organization totaled $1.8m during the year ending 08/2023. While expenses have increased by 2.2% per year over the past 8 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 2016, Grand Island Public Schools Foundation has awarded 43 individual grants totaling $16,112,043. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE GRAND ISLAND PUBLIC SCHOOLS FOUNDATION INVESTS IN THE STUDENTS, STAFF AND ALUMNI OF THE GRAND ISLAND PUBLIC SCHOOLS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE GRAND ISLAND PUBLIC SCHOOLS FOUNDATION CREATES EXPANDED OPPORTUNITIES AND ACCESS FOR THE STUDENTS OF THE GRAND ISLAND PUBLIC SCHOOLS THROUGH PHILANTHROPIC INVESTMENT. THEIR ROBUST SCHOLARSHIP PROGRAM THIS YEAR OFFERED 650,008 IN COLLEGE SCHOLARSHIPS TO BOTH HIGH SCHOOL STUDENTS SEEKING DUAL CREDIT AND GRADUATING SENIORS. OTHER INDIVIDUAL GRANTS INCLUDE KINDNESS GRANTS TO FULFILL A STUDENT NEED WHEN IT IS IDENTIFIED. THESE INCLUDE PAYING OFF LUNCH ACCOUNTS, ACQUIRING TENNIS SHOES OR A COAT, PAYING REGISTRATION FOR CHOIR CLINICS, ETC. ADDITIONALLY, THE FOUNDATION INVESTS IN GROUPS OF STUDENTS AND THEIR TEACHERS THROUGH CLASSROOM GRANTS, SPECIAL PROJECTS, CAPITAL PURCHASES, TEACHER TRAINING/SCHOLARSHIPS, AND THE TEACHER OF THE YEAR AWARDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kari Hooker-Leep Executive Di | Officer | 32 | $37,956 |
Bianca Ayala Member | Trustee | 1 | $0 |
Tom Bednar Member | Trustee | 1 | $0 |
Zach Butz President | OfficerTrustee | 1 | $0 |
Kathie Degen Member | Trustee | 1 | $0 |
Vikki Deuel Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $32,636 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,062,035 |
| Noncash contributions included in lines 1a–1f | $253,023 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,094,671 |
| Total Program Service Revenue | $0 |
| Investment income | $316,156 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,641,528 |
| Net Income from Fundraising Events | $345,737 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,703,816 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $306,153 |
| Grants and other assistance to domestic individuals. | $650,008 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $78,689 |
| Compensation of current officers, directors, key employees. | $23,607 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $157,075 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $14,409 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,545 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,961 |
| Fees for services: Other | $63,633 |
| Advertising and promotion | $9,475 |
| Office expenses | $29,656 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $311 |
| Travel | $13,436 |
| 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 | $0 |
| Insurance | $2,119 |
| All other expenses | $11,518 |
| Total functional expenses | $1,776,953 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $46 |
| Savings and temporary cash investments | $3,650,706 |
| Pledges and grants receivable | $92,716 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $7,492,454 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $38,526 |
| Total assets | $11,274,448 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $100,100 |
| 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 | $1,080,582 |
| Total liabilities | $1,180,682 |
| Net assets without donor restrictions | $1,423,269 |
| Net assets with donor restrictions | $8,670,497 |
| 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 | $11,274,448 |
Grants Awarded
Over the last fiscal year, Grand Island Public Schools Foundation has awarded $241,125 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
GRAND ISLAND PUBLIC SCHOOLS PURPOSE: MAJOR SAVER EVENT | $30,181 |
GRAND ISLAND PUBLIC SCHOOLS PURPOSE: STEINWAY RESTORATION | $40,350 |
GRAND ISLAND PUBLIC SCHOOLS PURPOSE: CLASSROOM GRANTS | $76,641 |
GRAND ISLAND PUBLIC SCHOOLS PURPOSE: SPECIAL EDUCATION | $25,367 |
GRAND ISLAND PUBLIC SCHOOLS PURPOSE: CPI AUTOMOTIVE | $58,500 |
GRAND ISLAND PUBLIC SCHOOLS PURPOSE: LGBTSA CLUB | $10,086 |