Civic Intelligence

Chadron State Foundation

990 • Fiscal year 2017 • EIN 23-7352673

Jul 01, 2016 to Jun 30, 2017 • Filed on Nov 15, 2017

1000 Main StreetChadron, NE 69337

(308) 432-6361

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

21st percentile

0.03x

Higher debt load relative to assets than 21% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Liabilities / Revenue

53rd percentile

0.26x

Higher debt load relative to revenue than 53% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Net Margin

75th percentile

16%

Higher net margin than 75% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2017

Asset Growth

43rd percentile

2.6%

Faster asset growth than 43% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2015 to 2017

Revenue Growth

30th percentile

-1.4%

Faster revenue growth than 30% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2015 to 2017

Assets

Up

$21,526,065

Up $2,135,982 (+11%) from 2016

Net Assets

Up

$20,942,118

Up $2,431,251 (+13%) from 2016

Liabilities

Down

$583,947

Down $295,269 (-34%) from 2016

Revenue

Down

$2,209,117

Down $334,095 (-13%) from 2016

Expenses

Down

$1,861,306

Down $404,466 (-18%) from 2016

Net Income

Up

$347,811

Up $70,371 (+25%) from 2016

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$40M$30M$20M$10M$0Assets 2010: $13,774,928Liabilities 2010: $985,873Net Assets 2010: $12,789,0552010Assets 2011: $17,689,756Liabilities 2011: $766,665Net Assets 2011: $16,923,0912011Assets 2012: $18,207,869Liabilities 2012: $614,397Net Assets 2012: $17,593,4722012Assets 2013: $20,759,382Liabilities 2013: $669,624Net Assets 2013: $20,089,7582013Assets 2014: $22,559,374Liabilities 2014: $754,706Net Assets 2014: $21,804,6682014Assets 2015: $20,442,821Liabilities 2015: $809,850Net Assets 2015: $19,632,9712015Assets 2016: $19,390,083Liabilities 2016: $879,216Net Assets 2016: $18,510,8672016Assets 2017: $21,526,065Liabilities 2017: $583,947Net Assets 2017: $20,942,1182017Assets 2018: $24,358,505Liabilities 2018: $506,874Net Assets 2018: $23,851,6312018Assets 2019: $25,904,517Liabilities 2019: $552,115Net Assets 2019: $25,352,4022019Assets 2020: $24,374,089Liabilities 2020: $720,021Net Assets 2020: $23,654,0682020Assets 2021: $31,754,488Liabilities 2021: $732,033Net Assets 2021: $31,022,4552021Assets 2022: $28,800,202Liabilities 2022: $935,155Net Assets 2022: $27,865,0472022Assets 2023: $30,914,382Liabilities 2023: $844,395Net Assets 2023: $30,069,9872023Assets 2024: $34,287,280Liabilities 2024: $1,110,043Net Assets 2024: $33,177,2372024Assets 2025: $39,109,031Liabilities 2025: $1,108,016Net Assets 2025: $38,001,0152025

Highlighted filing

2017

Assets$21,526,065
Liabilities$583,947
Net Assets$20,942,118

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2010: $1,536,1772010Expenses 2011: $1,499,8372011Expenses 2012: $1,212,0162012Expenses 2013: $2,072,0922013Revenue 2014: $3,225,145Expenses 2014: $2,345,787Net Income 2014: $879,3582014Revenue 2015: $2,271,648Expenses 2015: $4,109,327Net Income 2015: -$1,837,6792015Revenue 2016: $2,543,212Expenses 2016: $2,265,772Net Income 2016: $277,4402016Revenue 2017: $2,209,117Expenses 2017: $1,861,306Net Income 2017: $347,8112017Revenue 2018: $3,510,704Expenses 2018: $1,580,525Net Income 2018: $1,930,1792018Revenue 2019: $4,358,706Expenses 2019: $3,109,471Net Income 2019: $1,249,2352019Revenue 2020: $1,651,496Expenses 2020: $2,987,772Net Income 2020: -$1,336,2762020Revenue 2021: $3,141,454Expenses 2021: $1,476,910Net Income 2021: $1,664,5442021Revenue 2022: $4,095,770Expenses 2022: $2,683,534Net Income 2022: $1,412,2362022Revenue 2023: $2,681,948Expenses 2023: $2,640,202Net Income 2023: $41,7462023Revenue 2024: $2,641,262Expenses 2024: $2,162,787Net Income 2024: $478,4752024Revenue 2025: $4,186,327Expenses 2025: $1,901,655Net Income 2025: $2,284,6722025

Highlighted filing

2017

Revenue$2,209,117
Expenses$1,861,306
Net Income$347,811
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Nov 15, 2017
Return Version
2016v3.0
Gross Receipts
$3,044,313
Mission and Program Overview

Mission

The chadron state foundation is dedicated to enhancing chadron state college's ability to meet its primary educational mission in western nebraska. The foundation supports scholarship programs for the college and undertakes fundraising activity which provide resources vital to the mission of chadron state college in the areas of instruction, research, and service. The foundation recognizes the generosity of donors who, acting individually or as members of a group, provide chadron state an all important margin of excellence as it continues to meet the educational, economic, and cultural needs of western nebraska both today and well into the future.

The chadron state foundation is dedicated to enhancing chadron state college's ability to meet its primary educational mission in western nebraska. The foundation supports scholarship programs for the college and undertakes fundraising activity which provide resources vital to the mission of chadron state college in the areas of instruction, research and service. The foundation recognizes the generosity of donors who, acting individually or as members of a group provide chadron state an all important margin of excellence as it continues to meet the educational, economic and cultural needs of western nebraska both today and well into the future.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$17,018,052$18,730,821▲ $1,712,769
Savings and Temporary Cash Investments$1,720,824$1,854,122▲ $133,298
Pledges and Grants Receivable$561,940$837,253▲ $275,313
Land, Buildings, and Equipment, Net$41,760$39,808▼ $1,952
Prepaid Expenses and Deferred Charges$4,000$6,750▲ $2,750
Total Assets$19,390,083$21,526,065▲ $2,135,982
Other Assets Total$43,507$57,311▲ $13,804
Liabilities
Grants Payable$698,019$486,515▼ $211,504
Accounts Payable and Accrued Expenses$139,542$58,864▼ $80,678
Other Liabilities$25,614$25,183▼ $431
Deferred Revenue$16,041$13,385▼ $2,656
Total Liabilities$879,216$583,947▼ $295,269
Net Assets / Fund Balance
Permanently Rstr Net Assets$15,566,578$16,174,441▲ $607,863
Temporarily Rstr Net Assets$1,834,510$3,308,564▲ $1,474,054
Unrestricted Net Assets$1,109,779$1,459,113▲ $349,334
Total Net Assets Fund Balance$18,510,867$20,942,118▲ $2,431,251
Total Liabilities and Net Assets / Fund Balance$19,390,083$21,526,065▲ $2,135,982

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$1,308$95,788$97,096
Land$38,500-$38,500
Other Securities$18,730,821--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2016$16,982,527$644,166▲ $1,835,823-$18,811,804
2015$18,111,447$501,554▼ $846,885-$16,982,527
2014$17,968,207$662,517▲ $259,817-$18,111,447
2013$16,888,474$136,924▲ $1,646,411-$17,968,207
2012$12,444,161$3,387,895▲ $1,633,281-$16,888,474
Compensation and Service Providers

Employees

NameTitleOtherTotal
Connie RasmussenCEO/executiv$134,000$134,000

Board Members and Trustees

NameTitle
Claire BrownFoundation B
Eldon TerrellFoundation B
James JacobsFoundation B
James WefsoFoundation B
Janice ErwinFoundation B
Jeffrey KingFoundation B
John SmithFoundation B
Kerry BaileyFoundation B
Kim LobatoFoundation B
Larry MillerFoundation B
Marjean TerrellFoundation B
Patrick FriesenFoundation B
Randy CullersFoundation B
Renae JimenezFoundation B
Rob BilaFoundation B
Robert ZahmFoundation B
Sheila DormannFoundation B
Stephen WillnerdFoundation B
Allen AldermanFoundation T
Andrea CrassFoundation T
Ann ChinnockFoundation T
Ann WackmanFoundation T
Arnold McdanielFoundation T
Barton PetersFoundation T
Ben NormanFoundation T
Benjamin EicherFoundation T
Bobbie RossFoundation T
Bret LadenburgerFoundation T
Bruce ScheopnerFoundation T
Calvin ClarkFoundation T
Carl McmanisFoundation T
Carla HoffmanFoundation T
Carolyn MykrisFoundation T
Carrie NesbittFoundation T
Carroll DolsonFoundation T
Casey CortneyFoundation T
Casey FryeFoundation T
Chad EmanuelFoundation T
Charles CookFoundation T
Charles DayFoundation T
Cheryl EmanuelFoundation T
Cheryl RavenscroftFoundation T
Christine MckayFoundation T
Ck SpencerFoundation T
Claudia LindleyFoundation T
Clayton RiesenFoundation T
Clifford HansonFoundation T
Clyde AndersonFoundation T
Cody BeguinFoundation T
Colleen HarveyFoundation T
Corine EvansFoundation T
Curtis LecherFoundation T
Cynthia KaanFoundation T
Dale TimperleyFoundation T
Dan KochFoundation T
Dana FullerFoundation T
Daniel ContonisFoundation T
Daniel GarrettFoundation T
Daniel KnightFoundation T
David GriffithsFoundation T
David ShumwayFoundation T
Debra HanlonFoundation T
Delores IrelanFoundation T
Dennis KingFoundation T
Diann KolkmanFoundation T
Dirlene WheelerFoundation T
Donald SchmadererFoundation T
Donald StullFoundation T
Donna BieganskiFoundation T
Doug GaswickFoundation T
Douglas BaileyFoundation T
Edward PeltonFoundation T
Ek YanneyFoundation T
Eric BarpFoundation T
Eugene HughesFoundation T
Eunice HoevetFoundation T
Frances ChicoineFoundation T
Frances GrimesFoundation T
Frank FergusonFoundation T
Frederick WefsoFoundation T
G Richard MyersFoundation T
Gary BieganskiFoundation T
Gary DeckerFoundation T
Gayle BrownfieldFoundation T
Genevieve DavidFoundation T
Georgia JacobsFoundation T
Glenn NovotnyFoundation T
Gordon LarsonFoundation T
Greg HunterFoundation T
Gregory PowellFoundation T
Henrietta ScottFoundation T
Hod KosmanFoundation T
James EvansFoundation T
James GardnerFoundation T
James GrimesFoundation T
Jane WahlstromFoundation T
Janice GermanFoundation T
Jason CarnahanFoundation T
Jay AldermanFoundation T
Jay RhoadesFoundation T
Jeanne SmithFoundation T
Jennifer BarpFoundation T
Jeremy NesbittFoundation T
Jerry JohnsonFoundation T
Jerry MclainFoundation T
Joanne NauslarFoundation T
John FreudenbergFoundation T
John MclaneFoundation T
John StreepFoundation T
Jolynn LoveFoundation T
Jon DanielsFoundation T
Josef PlananskyFoundation T
Joseph HamptonFoundation T
Joseph LytleFoundation T
Joyce BorcherFoundation T
Judith KelsoFoundation T
Judy WickhamFoundation T
Junice DagenFoundation T
Karen ZeilingerFoundation T
Karmen PalmerFoundation T
Kathleen BaumannFoundation T
Kathy ClevelandFoundation T
Kathy WrageFoundation T
Katy TomisserFoundation T
Kay MayerFoundation T
Keith ThomasFoundation T
Kenneth ThompsonFoundation T
Larry BaumannFoundation T
Larry GoldFoundation T
Larry RileyFoundation T
Larry TeahonFoundation T
Larry YatesFoundation T
Lavon MclaneFoundation T
Leanna Scott-timperleyFoundation T
Lee WahlstromFoundation T
Leland MoellerFoundation T
Lh Rick KolkmanFoundation T
Linda RedfernFoundation T
Lionel WickardFoundation T
Lisa ScheppersFoundation T
Lorrie BauerFoundation T
Lynn GorrFoundation T
M Lisa CarderFoundation T
Madge ChicoineFoundation T
Marian ShafferFoundation T
Marilyn CotantFoundation T
Mark BrohmanFoundation T
Mark MayerFoundation T
Mark WincklerFoundation T
Marlene MyersFoundation T
Mary HorseFoundation T
Mary LecherFoundation T
Melissa StadeFoundation T
Michael MccarthyFoundation T
Michael MykrisFoundation T
Michael PorterFoundation T
Michael SmithFoundation T
Michael ThompsonFoundation T
Michael WrageFoundation T
Nancy MusegadesFoundation T
Niki SalomonFoundation T
Owen PalmFoundation T
Partick ConnealyFoundation T
Patricia PourierFoundation T
Paul CarrollFoundation T
Paul McdanielFoundation T
Paul NortonFoundation T
Penny AldermanFoundation T
Perry BeguinFoundation T
R Lee BaumannFoundation T
Rachael JohnsonFoundation T
Ralph ByerlyFoundation T
Randall HorseFoundation T
Randolph BauerFoundation T
Randy LangemeierFoundation T
Raymond HoffmanFoundation T
Richard BrownFoundation T
Richard HaslowFoundation T
Richard RickenbachFoundation T
Richard RollerFoundation T
Richard StahlaFoundation T
Richard SteinkeFoundation T
Rick TurmanFoundation T
Rick WatsonFoundation T
Robert ArmstrongFoundation T
Robert BaumannFoundation T
Robert ColgateFoundation T
Robert FergusonFoundation T
Robert GrieseFoundation T
Robert HanlonFoundation T
Robert RasmussenFoundation T
Robert RossFoundation T
Robert WahlstromFoundation T
Robyn BaquetFoundation T
Rod BordersFoundation T
Rodd RickenbachFoundation T
Rodney ReedFoundation T
Ruth DolsonFoundation T
Sandee HansonFoundation T
Sandra WickershamFoundation T
Scott MollerFoundation T
Scott NielsenFoundation T
Sheryl LeviFoundation T
Shirley BeattyFoundation T
Sidney HarchelroadFoundation T
Skip OldsFoundation T
Steve ClevelandFoundation T
Steve ErwinFoundation T
Susan SalkaFoundation T
TRAVIS O'GORMANFoundation T
Tanja FryeFoundation T
Ted GrantFoundation T
Terence DoyleFoundation T
Thomas BassFoundation T
Thomas BrownFoundation T
Thomas ColgateFoundation T
Thomas WillnerdFoundation T
Tiffany SmithFoundation T
Timothy GaswickFoundation T
Tom AlcornFoundation T
Tom ChinnockFoundation T
Vern TerrellFoundation T
Verne LewellenFoundation T
Virgil IrelanFoundation T
Virginia CoffeeFoundation T
W Scott KreycikFoundation T
Walter RiehemannFoundation T
Walter SchollFoundation T
William ColwellFoundation T
William DiercksFoundation T
William GieselerFoundation T
William LindekenFoundation T
William WickhamFoundation T
Revenue and Support

Revenue Composition

Contributions and Grants
$2,060,661
Program Service Revenue
$0
Investment Income
$135,477
Other Revenue
$12,979
All Other Contributions
$626,115
Change in Net Assets
$347,811

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table2$9,010Stmt of Provided Services
Other Non Cash Contri Table2$7,570Sales of Comparable
Works of Art2$4,810Sales of Comparable
Other Non Cash Contri Table1$3,740Sales of Comparable
Other Non Cash Contri Table2$2,878Sales of Comparable
Total Noncash Contributions9$28,008-

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,209,117
Revenue Not Reported on Form 990
$2,455,411
Total Revenue per Audited Statements
$4,664,528
Total Revenue per Form 990
$2,209,117
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$858,939
Salaries, Compensation, and Employee Benefits$555,706
Total Fundraising Expense$512,266
Other Expenses$446,661
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$113,419$153,248$289,039$555,706
Grants to Domestic Individuals$455,868--$455,868
Grants to Domestic Orgs$403,071--$403,071
All Other Expenses$66,829$7,879$131,787$206,495
Office Expenses$41,278$4,775$21,948$68,001
Conferences and Meetings$18,597-$39,500$58,097
Advertising$7,834$58$17,701$25,593
Fees for Services Legal$9,832$10,429$4,333$24,594
Fees for Service Investment Mgmnt Fees$40,494$-15,912-$24,582
Fees for Services Other-$17,486-$17,486
Information Technology$5,249$5,249$5,399$15,897
Occupancy$750$160$2,135$3,045
Depreciation Depletion-$1,952-$1,952
Insurance-$495$424$919
Total Functional Expenses$1,163,221$185,819$512,266$1,861,306

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$2,233,277
Expenses per Audited Statements$1,861,306
Total Expenses per Form 990$1,861,306
Expenses Not Reported on Form 990$371,971
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Chadron State CollegeChadron, NE501c3Education Mission$403,071
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$38,120
Fundraising Direct Expenses$25,141
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Annual Campaign$1,234,148---
Golf Classic$22,545$17,145$5,300$11,845
Total Events$1,277,668$38,120$25,141$12,979
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Other Agencies$25,183
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

Available upon request - form is reviewed by the director and finance committee.

Form 990, Page 6, Part VI, Line 12C

Annual disclosures are reviewed by executive commitee

Form 990, Page 6, Part VI, Line 15A

Following the ne state college system professional association guideline salary range. The executive director has an evaluation done each year by the personnel committee of the cs foundation.

Form 990, Page 6, Part VI, Line 15B

Following the ne state college system professional association guideline salary range. The business manager and director of major gifts have evaluations done each year by the executive director

Form 990, Page 6, Part VI, Line 19

UPON REQUEST

Filing and Contact Details

Filer

Filer Name
Chadron State Foundation
EIN
23-7352673
Phone
3084326361
Address
1000 MAIN STREET, CHADRON, NE 69337

Signing Officer

Name
Connie Rasmussen
Title
CEO/executive Dr
Phone
3084326361
Signed
2017-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Connie Rasmussen
Formed
1963
Legal Domicile
Ne
Voting Board Members
18
Independent Board Members
18
Employees
0
Volunteers
125

Preparer

Firm
Gardner Loutzenhiser and Ryan Pc
Address
201 MAIN ST PO BOX 447, CHADRON, NE 69337-2355
Preparer
Jim R Gardner
Phone
3084324465
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The chadron state foundation is dedicated to enhancing chadron state college's ability to meet its primary educational mission in western nebraska. The foundation supports scholarship programs for the college and undertakes fundraising activity which provide resources vital to the mission of chadron state college in the areas of instruction, research and service. The foundation recognizes the generosity of donors who, acting individually or as members of a group provide chadron state an all important margin of excellence as it continues to meet the educational, economic and cultural needs of western nebraska both today and well into the future.

Form 990, Part IX, Line 24E

In-kind expense 23,748 1,690 2,570 events and entertainment 18,212 724 9,100 presidential support 12,001 832 0 honorarium expense 2,444 0 0 subscription expense 120 0 6,359 membership expense 384 426 534 miscellaneous expense 9,920 4,207 0 consultant expense 0 0 60,000 bad debt expense 0 0 53,224 total 66,829 7,879 131,787

Form 990, Part XI, Line 9

Management fees netted against expense 371,971 management fees netted against expense -371,971

Financial Statement Notes

Schedule D, Page 2, Part V, Line 4

Scholarships, college use, management fees and investment fees

Schedule D, Page 4, Part XI, Line 2D

Management fees netted against expense 371,971

Schedule D, Page 4, Part XII, Line 2D

Management fees netted against expense 371,971

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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$39.1$1.11$38.0$4.19$1.90$2.28
2024Detailed filing. Detailed filing data is available for this year.$34.3$1.11$33.2$2.64$2.16$0.48
2023Detailed filing. Detailed filing data is available for this year.$30.9$0.84$30.1$2.68$2.64$0.04
2022Detailed filing. Detailed filing data is available for this year.$28.8$0.94$27.9$4.10$2.68$1.41
2021Detailed filing. Detailed filing data is available for this year.$31.8$0.73$31.0$3.14$1.48$1.66
2020Detailed filing. Detailed filing data is available for this year.$24.4$0.72$23.7$1.65$2.99$1.34
2019Detailed filing. Detailed filing data is available for this year.$25.9$0.55$25.4$4.36$3.11$1.25
2018Detailed filing. Detailed filing data is available for this year.$24.4$0.51$23.9$3.51$1.58$1.93
2017Detailed filing. Detailed filing data is available for this year.$21.5$0.58$20.9$2.21$1.86$0.35
2016Detailed filing. Detailed filing data is available for this year.$19.4$0.88$18.5$2.54$2.27$0.28
2015Detailed filing. Detailed filing data is available for this year.$20.4$0.81$19.6$2.27$4.11$1.84
2014Detailed filing. Detailed filing data is available for this year.$22.6$0.75$21.8$3.23$2.35$0.88
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$20.8$0.67$20.1$2.07
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$18.2$0.61$17.6$1.21
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$17.7$0.77$16.9$1.50
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$13.8$0.99$12.8$1.54