Elwood Area Foundation Inc
- Assets
- $580.8k
- Revenue
- $111.3k
- Investments
- $0.0
- Employees
- 1
- Location
- Elwood, NE
- Founding
- 05/2004
- Data as of
- 12/2021
- EIN
- 76-0741866
Organization Overview
Elwood Area Foundation Inc is located in Elwood, NE. The organization was established in 2004. 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. Elwood Area Foundation Inc 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, Elwood Area Foundation Inc generated $111.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.9% each year. All expenses for the organization totaled $144.6k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Elwood Area Foundation Inc has awarded 11 individual grants totaling $190,911. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
YOUTH SCHOLARSHIPS, YOUTH GRANTS, COMMUNITY IMPROVEMENT
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPS TO GRADUATES OF ELWOOD HIGH SCHOOL
YOUTH GRANTS TO HELP SUPPORT ELWOOD AREA GIRL SCOUTS, CUB/BOY SCOUTS AND COURT APPOINTED SPECIAL ADVOCATES (CASA). GRANTS TO JR OLYMPICS AND LOCAL 4-H CLUBS
GRANTS TO ELWOOD PUBLIC SCHOOLS AND ELWOOD PUBLIC LIBRARY & ELWOOD COMMUNITY
YOUTH SCHOLARSHIPS, YOUTH GRANTS,
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cynthia Evans Director | Trustee | 1 | $0 |
Carole Kleine Director | Trustee | 1 | $0 |
Marty Kleppinger Director | Trustee | 1 | $0 |
Kate Hatch Chairperson | Trustee | 1 | $0 |
Bryan Nelson Director | Trustee | 1 | $0 |
Jenna Roberts Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $9,553 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,553 |
| Total Program Service Revenue | $24,604 |
| Investment income | $5,414 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $14,549 |
| Net Income from Fundraising Events | $57,190 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $111,310 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $58,804 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $27,101 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $7,310 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,478 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,073 |
| Office expenses | $6,250 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $21,392 |
| 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 | $0 |
| Insurance | $1,613 |
| All other expenses | $280 |
| Total functional expenses | $144,628 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $39,967 |
| Savings and temporary cash investments | $129,198 |
| 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 | $29,978 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $377,624 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,996 |
| Total assets | $580,763 |
| 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 | $113,582 |
| Net assets with donor restrictions | $467,181 |
| 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 | $580,763 |
Grants Awarded
Over the last fiscal year, Elwood Area Foundation Inc has awarded $47,104 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
VARIOUS | | | $14,659 |
UNIVERSITY OF NEBRAKSA | | | $10,350 |
VARIOUS | | | $10,345 |
WAYNE STATE COLLEGE | | | $6,000 |
VARIOUS | | | $5,750 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Elwood Area Foundation Inc has recieved totaling $18,754.
| Awarding Organization | Amount |
|---|---|
Peter Kiewit Foundation Omaha, NE PURPOSE: TO PROVIDE RELIEF FUNDING TO SUPPORT EMERGENCY COMMUNITY RESPONSE RELATED TO THE RD 739 WILDFIRE IN GOSPER COUNTY. | $10,000 |
Mightycause Charitable Foundation Marianna, FL PURPOSE: UNRESTRICTED | $8,737 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $17 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Iowa Student Loan Liquidity Corp West Des Moines, IA | $1,230,053,718 | $45,688,659 |
Alliance For Choice In Education Greenwood Village, CO | $60,249,872 | $34,038,450 |
Wichita Center For Graduate Medical Education Inc Wichita, KS | $5,382,351 | $22,892,628 |
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 |