Midlands Community Foundation
- Assets
- $12.0m
- Revenue
- $4.2m
- Investments
- $0.0
- Employees
- 3
- Location
- Papillion, NE
- Founding
- 01/2015
- Data as of
- 06/2022
- EIN
- 51-0191738
Organization Overview
Midlands Community Foundation is located in Papillion, NE. The organization was established in 2015. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 06/2022, Midlands Community Foundation employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Midlands Community 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 06/2022, Midlands Community Foundation generated $4.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 28.6% each year . All expenses for the organization totaled $2.8m during the year ending 06/2022. While expenses have increased by 16.4% 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.
Since 2015, Midlands Community Foundation has awarded 461 individual grants totaling $6,649,182. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE FOCUS OF MIDLANDS COMMUNITY FOUNDATION IS TO BE A CATALYST FOR LASTING IMPACT IN SARPY AND CASS COUNTIES AND TO GIVE OPPORTUNITIES TO ORGANIZATIONS AND INDIVIDUALS SO THAT THEY CAN PURSUE THEIR CHARITABLE GOALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MIDLANDS COMMUNITY FOUNDATION PROVIDES A CATALYST FOR LASTING IMPACT, CONTRIBUTING MONETARY GRANTS TO DIVERSE COMMUNITY ORGANIZATIONS SUPPORTING ARTS, EDUCATION, COMMUNITY, CULTURE, ECONOMIC DEVELOPMENT, HEALTH, AND HUMAN SERVICES. WHILE OUR PROGRAM SERVICES HAVE NO BORDERS, THE MCF GENERAL FUND NARROWS ITS FOCUS ON THE DIRECT NEEDS OF SARPY AND CASS COUNTIES; CREATING AND FOSTERING LOCAL COMMUNITY RELATIONSHIPS TO SUPPORT OUR LOCAL YOUTH, PARKS, FIRST RESPONDERS, SENIORS, AND MILITARY VETERANS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tonee Gay Executive Director | Officer | 50 | $109,296 |
Kevin Dasher Treasurer/secretary | OfficerTrustee | 5 | $0 |
Karla Rupiper Member | OfficerTrustee | 1 | $0 |
Janet Barna Officer | Trustee | 1 | $0 |
Tom Ackley President | Trustee | 5 | $0 |
Julie Bear Officer | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $128,586 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,294,134 |
| Noncash contributions included in lines 1a–1f | $272,761 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,422,720 |
| Total Program Service Revenue | $4,750 |
| Investment income | $226,507 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $473,480 |
| Net Income from Fundraising Events | $75,062 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,213,519 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,300,332 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $109,296 |
| Compensation of current officers, directors, key employees. | $24,045 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $141,590 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $25,902 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $21,030 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $62,674 |
| Fees for services: Other | $0 |
| Advertising and promotion | $10,321 |
| Office expenses | $31,886 |
| Information technology | $24,929 |
| Royalties | $0 |
| Occupancy | $30,304 |
| 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 | $26,597 |
| Insurance | $2,586 |
| All other expenses | $2,831 |
| Total functional expenses | $2,824,654 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $540,518 |
| Savings and temporary cash investments | $341,966 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $26,779 |
| 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 | $25,967 |
| Investments—publicly traded securities | $11,018,701 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,747 |
| Total assets | $11,959,678 |
| Accounts payable and accrued expenses | $55,243 |
| 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 | $55,243 |
| Net assets without donor restrictions | $4,478,469 |
| Net assets with donor restrictions | $7,425,966 |
| 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 | $11,959,678 |
Grants Awarded
Over the last fiscal year, Midlands Community Foundation has awarded $536,474 in support to 25 organizations.
| Grant Recipient | Amount |
|---|---|
Lincoln, NE PURPOSE: LOPER ATHLETE ENDOWED SCHOLARSHIP FUND | $250,000 |
CITY OF GRETNA PURPOSE: DESIGN DEVELOPMENT FOR NEW CITY AQUATIC CENTER | $23,999 |
Papillion, NE PURPOSE: BUILDING FUND | $20,000 |
PAPILLION LAVISTA SOUTH HIGH SCHOOL PURPOSE: SPORTS EQUIPMENT | $20,000 |
Omaha, NE PURPOSE: SAPRY/CASS BACKPACK PROGRAM | $17,500 |
Bellevue, NE PURPOSE: GRANT | $15,000 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Midlands Community Foundation has recieved totaling $94,933.
| Awarding Organization | Amount |
|---|---|
Wounded Warriors Family Support Inc Omaha, NE PURPOSE: SERVING WOUNDED, INJURED AND CRITICALLY ILL HEREOS/DISABLED VETERANS AND THEIR FAMILIES | $50,000 |
Charities Aid Foundation America Alexandria, VA PURPOSE: CHARITABLE DONATION | $22,000 |
Faith Charitable Trust Omaha, NE PURPOSE: Philanthropy, Voluntarism | $15,000 |
Caring For Military Families The Elizabeth Dole Foundation Washington, DC PURPOSE: Half Day Sessions | $7,725 |
Lincoln Financial Foundation Inc Radnor, PA PURPOSE: MATCHING GIFT | $103 |
Lincoln Financial Foundation Inc Radnor, PA PURPOSE: MATCHING GIFT | $100 |
Endowment Analysis
| Beg. Balance | $551,131 |
| Earnings | -$73,505 |
| Net Contributions | $209,300 |
| Grants | $29,745 |
| Ending Balance | $657,181 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Meridian Institute Dillon, CO | $18,119,345 | $21,383,160 |
Gill Foundation Denver, CO | $227,109,663 | $12,646,667 |
Bayer Fund St Louis, MO | $65,640,119 | $9,167,249 |
Hughes Charitable Foundation Jackson, WY | $5,676,764 | $10,003,792 |
Air Force Academy Foundation USAF Academy, CO | $121,910,731 | $31,160,927 |
Maccarthy Foundation St Louis, MO | $108,435,057 | $6,194,626 |
Adolph Coors Foundation Denver, CO | $181,746,526 | $17,055,158 |
Margulf Foundation Glendale, CO | $241,666,410 | $12,944,358 |
David C Butterfield And Alfonso D Rubio Memorial Foundation Aspen, CO | $229,390,732 | $219,209,286 |
Edward D Jones & Company Foundation St Louis, MO | $57,937,606 | $44,940,612 |
Charles Schwab Corporation Foundation Lone Tree, CO | $19,264,373 | $12,956,371 |
Principal Financial Group Foundation Inc Des Moines, IA | $217,742,870 | $19,396,180 |