Alma Area Foundation
- Assets
- $1.1m
- Revenue
- $40.0k
- Investments
- $760.8k
- Employees
- 0
- Location
- Alma, KS
- Founding
- 02/1995
- Data as of
- 12/2021
- EIN
- 48-1147950
Organization Overview
Alma Area Foundation is located in Alma, KS. The organization was established in 1995. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Alma Area 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, Alma Area Foundation generated $40.0k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 27.7% each year . All expenses for the organization totaled $41.0k during the year ending 12/2021. While expenses have increased by 33.8% per year over the past 5 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 ADMINISTER SCHOLARSHIPS AND PUBLIC IMPROVEMENTS TO PROMOTE TOURISM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ALMA AREA FOUNDATION CURRENTLY MANAGES MULTIPLE HIGH SCHOOL SCHOLARSHIPS. THESE SCHOLARSHIPS ALLOW US TO MAKE A POSITIVE IMPACT ON THE GRADUATING CLASS AT WABAUNSEE HIGH SCHOOL EACH YEAR. CLASS SIZE AT THE HIGH SCHOOL AVERAGES AROUND 30 STUDENTS. WE ARE ABLE TO PROVIDE SCHOLARSHIPS FOR A NUMBER OF THOSE STUDENTS EACH YEAR. IN ADDITION, WE HAVE THREE OTHER SCHOLARSHIPS THAT WE OFFER TO COLLEGE STUDENTS WHO WERE GRADUATES OF WABAUNSEE HIGH SCHOOL. THE WAY THESE SCHOLARSHIPS ARE STRUCTURED WE ARE ABLE TO FURTHER ASSIST 4-5 COLLEGE STUDENTS EACH YEAR WITH THEIR COLLEGE EXPENSES AS ONE OF THE SCHOLARSHIPS IS RENEWABLE FOR THREE YEARS.DUE TO A BEQUEST LEFT TO THE ALMA AREA FOUNDATION, WE WERE ABLE TO PURCHASE THE BUILDING THAT HOUSES THE LIBRARY IN ALMA. IN DOING SO, WE WERE ABLE TO INSURE THAT THE LIBRARY WOULD REMAIN INTACT AND CONTINUE TO SERVE THE NEEDS OF ALMA AND THE SURROUNDING AREA.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patricia Ringel Treasurer | OfficerTrustee | 1 | $0 |
Ervan Stuewe President | OfficerTrustee | 0.5 | $0 |
Shannon Wertzberger Secretary | OfficerTrustee | 0.75 | $0 |
Paul Miller Vice President | OfficerTrustee | 0.5 | $0 |
Connie Miller Member | Trustee | 0.75 | $0 |
Tonia Michaelis Member | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $200 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $23,430 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $23,630 |
| Total Program Service Revenue | $0 |
| Investment income | $11,812 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $4,559 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $40,001 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,500 |
| Grants and other assistance to domestic individuals. | $26,562 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $7,331 |
| 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 | $2,582 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $40,975 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,772 |
| Savings and temporary cash investments | $243,099 |
| Pledges and grants receivable | $0 |
| 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 | $69,725 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $760,816 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,078,412 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $1,078,412 |
| Total liabilities and net assets/fund balances | $1,078,412 |
Grants Awarded
Over the last fiscal year, Alma Area Foundation has awarded $44,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Wamego, KS PURPOSE: NORTH FAIR BARN REMODEL | $24,000 |
Alma, KS PURPOSE: REMODEL AND HVAC IN MUSEUM ANNEX | $20,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
Foundation For Educational Funding Lincoln, NE | $161,530,703 | $9,132,107 |
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 |
Colorado Restaurant Association Education Fund Denver, CO | $2,210,454 | $2,452,590 |
Horizon Academy Roeland Park, KS | $4,054,986 | $3,713,037 |
Opportunity Scholarship Fund Tulsa, OK | $5,174,750 | $3,830,206 |
The Hawks Foundation Omaha, NE | $219,357,783 | $65,081,612 |
Childrens Scholarship Fund Of Omaha Omaha, NE | $2,892,431 | $2,351,847 |
Adams State University Foundation Inc Alamosa, CO | $27,757,984 | $4,294,888 |