Chadron State Foundation

990 • Fiscal year 2018 • EIN 23-7352673

Jul 01, 2017 to Jun 30, 2018 • Filed on Nov 12, 2018

Organization Profile N/A

1000 Main StreetChadron, NE 69337

(308) 432-6361

Siviq Scores

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Balance Sheet

Assets

$24,358,505

Up $2,832,440 (+13%) from 2017

Net Assets

$23,851,631

Up $2,909,513 (+14%) from 2017

Liabilities

Down

$506,874

Down $77,073 (-13%) from 2017

Revenue And Expenses

Revenue

$3,510,704

Up $1,301,587 (+59%) from 2017

Expenses

Down

$1,580,525

Down $280,781 (-15%) from 2017

Net Income

$1,930,179

Up $1,582,368 (+455%) from 2017

Historical Trend

Balance Sheet Trend

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

Highlighted filing

2018

Assets$24,358,505

Liabilities$506,874

Net Assets$23,851,631

Open 2018 Filing

Operations Trend

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

Highlighted filing

2018

Revenue$3,510,704

Expenses$1,580,525

Net Income$1,930,179

Open 2018 Filing

Jump To

Filing Snapshot

Filing Period: Jul 1, 2017 to Jun 30, 2018
Signed: Nov 12, 2018
Return Version: 2017v2.3
Gross Receipts: $3,828,081

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

Line	Beginning	End	Change
Assets
Investments Other Securities	$18,730,821	$19,904,450	▲ $1,173,629
Savings and Temporary Cash Investments	$1,854,122	$2,242,292	▲ $388,170
Pledges and Grants Receivable	$837,253	$1,140,784	▲ $303,531
Land, Buildings, and Equipment, Net	$39,808	$39,282	▼ $526
Prepaid Expenses and Deferred Charges	$6,750	$5,375	▼ $1,375
Total Assets	$21,526,065	$24,358,505	▲ $2,832,440
Other Assets Total	$57,311	$1,026,322	▲ $969,011
Liabilities
Grants Payable	$486,515	$476,503	▼ $10,012
Other Liabilities	$25,183	-	-
Accounts Payable and Accrued Expenses	$58,864	$18,888	▼ $39,976
Deferred Revenue	$13,385	$11,483	▼ $1,902
Total Liabilities	$583,947	$506,874	▼ $77,073
Net Assets / Fund Balance
Permanently Rstr Net Assets	$16,174,441	$17,569,995	▲ $1,395,554
Temporarily Rstr Net Assets	$3,308,564	$4,575,873	▲ $1,267,309
Unrestricted Net Assets	$1,459,113	$1,705,763	▲ $246,650
Total Net Assets Fund Balance	$20,942,118	$23,851,631	▲ $2,909,513
Total Liabilities and Net Assets / Fund Balance	$21,526,065	$24,358,505	▲ $2,832,440

Asset Categories

Asset	Book Value	Depreciation	Basis
Equipment	$782	$96,314	$97,096
Land	$38,500	-	$38,500
Other Securities	$19,904,450	-	-

Endowment Activity

Period	Beginning	Contrib.	Gain/Loss	Other Uses	End
2017	$18,811,804	$1,578,466	▲ $1,175,832	-	$20,820,854
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

Compensation and Service Providers

Board Members and Trustees

Name	Title
Cheryl Emanuel	Foundation B
Eldon Terrell	Foundation B
Gregory Powell	Foundation B
James Grimes	Foundation B
Janice Erwin	Foundation B
Jeffrey King	Foundation B
Joanne Nauslar	Foundation B
John Smith	Foundation B
Kerry Bailey	Foundation B
Kim Lobato	Foundation B
Marjean Terrell	Foundation B
Patrick Friesen	Foundation B
Randy Cullers	Foundation B
Renae Jimenez	Foundation B
Rob Bila	Foundation B
Robert Zahm	Foundation B
Sheila Dormann	Foundation B
Stephen Willnerd	Foundation B
Allen Alderman	Foundation T
Andrea Crass	Foundation T
Ann Chinnock	Foundation T
Ann Wackman	Foundation T
Arnold Mcdaniel	Foundation T
Barton Peters	Foundation T
Ben Norman	Foundation T
Benjamin Eicher	Foundation T
Bobbie Ross	Foundation T
Bret Ladenburger	Foundation T
Bruce Scheopner	Foundation T
Calvin Clark	Foundation T
Carl Mcmanis	Foundation T
Carla Hoffman	Foundation T
Carolyn Mykris	Foundation T
Carrie Nesbitt	Foundation T
Carroll Dolson	Foundation T
Casey Beran	Foundation T
Casey Cortney	Foundation T
Casey Frye	Foundation T
Chad Emanuel	Foundation T
Charles Cook	Foundation T
Charles Day	Foundation T
Cheryl Ravenscroft	Foundation T
Christine Mckay	Foundation T
Ck Spencer	Foundation T
Claire Brown	Foundation T
Claudia Lindley	Foundation T
Clayton Riesen	Foundation T
Clifford Hanson	Foundation T
Clyde Anderson	Foundation T
Cody Beguin	Foundation T
Colleen Harvey	Foundation T
Corine Evans	Foundation T
Curtis Lecher	Foundation T
Cynthia Kaan	Foundation T
Dale Timperley	Foundation T
Dan Koch	Foundation T
Dana Fuller	Foundation T
Daniel Contonis	Foundation T
Daniel Garrett	Foundation T
Daniel Knight	Foundation T
David Griffiths	Foundation T
David Shumway	Foundation T
Deanie Knight	Foundation T
Debra Hanlon	Foundation T
Delores Irelan	Foundation T
Dennis King	Foundation T
Diann Kolkman	Foundation T
Dirlene Wheeler	Foundation T
Donald Schmaderer	Foundation T
Donald Stull	Foundation T
Donna Bieganski	Foundation T
Doug Gaswick	Foundation T
Edward Pelton	Foundation T
Ek Yanney	Foundation T
Eric Barp	Foundation T
Eugene Hughes	Foundation T
Eunice Hoevet	Foundation T
Frances Chicoine	Foundation T
Frances Grimes	Foundation T
Frank Ferguson	Foundation T
Frederick Wefso	Foundation T
G Richard Myers	Foundation T
Gary Bieganski	Foundation T
Gary Decker	Foundation T
Gayle Brownfield	Foundation T
Genevieve David	Foundation T
Georgia Jacobs	Foundation T
Geraldine Armstrong	Foundation T
Glenn Novotny	Foundation T
Gordon Larson	Foundation T
Greg Hunter	Foundation T
Hayley Beaudette	Foundation T
Henrietta Scott	Foundation T
Hod Kosman	Foundation T
James Evans	Foundation T
James Gardner	Foundation T
James Jacobs	Foundation T
James Wefso	Foundation T
Jane Wahlstrom	Foundation T
Janice German	Foundation T
Jason Carnahan	Foundation T
Jay Alderman	Foundation T
Jay Rhoades	Foundation T
Jeanne Smith	Foundation T
Jennifer Barp	Foundation T
Jeremy Nesbitt	Foundation T
Jerry Bauman	Foundation T
Jerry Johnson	Foundation T
Jerry Mclain	Foundation T
John Freudenberg	Foundation T
John Harms	Foundation T
John Jacox	Foundation T
John Mclane	Foundation T
John Streep	Foundation T
Jolynn Love	Foundation T
Jon Daniels	Foundation T
Josef Planansky	Foundation T
Joseph Hampton	Foundation T
Joseph Lytle	Foundation T
Joyce Borcher	Foundation T
Judith Kelso	Foundation T
Judy Wickham	Foundation T
Junice Dagen	Foundation T
Karen Smith	Foundation T
Karen Zeilinger	Foundation T
Karmen Palmer	Foundation T
Kathleen Baumann	Foundation T
Kathy Cleveland	Foundation T
Kathy Wrage	Foundation T
Katy Tomisser	Foundation T
Kay Mayer	Foundation T
Keith Thomas	Foundation T
Kenneth Thompson	Foundation T
Larry Baumann	Foundation T
Larry Gold	Foundation T
Larry Miller	Foundation T
Larry Riley	Foundation T
Larry Teahon	Foundation T
Larry Yates	Foundation T
Lavon Mclane	Foundation T
Leanna Scott-timperley	Foundation T
Lee Wahlstrom	Foundation T
Leland Moeller	Foundation T
Lh Rick Kolkman	Foundation T
Linda Redfern	Foundation T
Lionel Wickard	Foundation T
Lisa Scheppers	Foundation T
Lorrie Bauer	Foundation T
Lynn Gorr	Foundation T
M Lisa Carder	Foundation T
M Martin Ramirez	Foundation T
Madge Chicoine	Foundation T
Marian Shaffer	Foundation T
Marilyn Cotant	Foundation T
Mark Brohman	Foundation T
Mark Mayer	Foundation T
Mark Winckler	Foundation T
Marlene Myers	Foundation T
Mary Horse	Foundation T
Mary Lecher	Foundation T
Melissa Stade	Foundation T
Michael Mccarthy	Foundation T
Michael Mykris	Foundation T
Michael Porter	Foundation T
Michael Smith	Foundation T
Michael Thompson	Foundation T
Michael Wrage	Foundation T
Nancy Musegades	Foundation T
Niki Salomon	Foundation T
Owen Palm	Foundation T
Partick Connealy	Foundation T
Patricia Pourier	Foundation T
Paul Carroll	Foundation T
Paul Mcdaniel	Foundation T
Paul Norton	Foundation T
Penny Alderman	Foundation T
Perry Beguin	Foundation T
R Lee Baumann	Foundation T
Rachael Johnson	Foundation T
Ralph Byerly	Foundation T
Randall Horse	Foundation T
Randolph Bauer	Foundation T
Randy Langemeier	Foundation T
Raymond Hoffman	Foundation T
Richard Brown	Foundation T
Richard Haslow	Foundation T
Richard Rickenbach	Foundation T
Richard Roller	Foundation T
Richard Stahla	Foundation T
Richard Steinke	Foundation T
Rick Turman	Foundation T
Rick Watson	Foundation T
Robert Armstrong	Foundation T
Robert Baumann	Foundation T
Robert Colgate	Foundation T
Robert Ferguson	Foundation T
Robert Griese	Foundation T
Robert Hanlon	Foundation T
Robert Rasmussen	Foundation T
Robert Ross	Foundation T
Robert Wahlstrom	Foundation T
Robyn Baquet	Foundation T
Rod Borders	Foundation T
Rodd Rickenbach	Foundation T
Rodney Reed	Foundation T
Roxie Schmitz	Foundation T
Ruth Dolson	Foundation T
Sandee Hanson	Foundation T
Sandra Wickersham	Foundation T
Scott Moller	Foundation T
Scott Nielsen	Foundation T
Sheryl Levi	Foundation T
Shirley Beatty	Foundation T
Sidney Harchelroad	Foundation T
Silvia Lderman	Foundation T
Skip Olds	Foundation T
Steve Cleveland	Foundation T
Steve Erwin	Foundation T
Susan Salka	Foundation T
TRAVIS O'GORMAN	Foundation T
Tanja Frye	Foundation T
Ted Grant	Foundation T
Terence Doyle	Foundation T
Thomas Bass	Foundation T
Thomas Brown	Foundation T
Thomas Colgate	Foundation T
Thomas Willnerd	Foundation T
Tiffany Smith	Foundation T
Timothy Gaswick	Foundation T
Tom Alcorn	Foundation T
Tom Chinnock	Foundation T
Vern Terrell	Foundation T
Verne Lewellen	Foundation T
Virgil Irelan	Foundation T
Virginia Coffee	Foundation T
W Scott Kreycik	Foundation T
Walter Riehemann	Foundation T
Walter Scholl	Foundation T
William Colwell	Foundation T
William Diercks	Foundation T
William Gieseler	Foundation T
William Lindeken	Foundation T
William Wickham	Foundation T

Revenue and Support

Revenue Composition

Contributions and Grants: $3,053,399
Program Service Revenue: $0
Investment Income: $441,789
Other Revenue: $15,516
All Other Contributions: $1,424,290
Change in Net Assets: $1,930,179

Noncash Contribution Practices

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

Noncash Contributions

Contribution Type	Contribution Count	Reported Amount	Valuation Method
Securities Publicly Traded	3	$1,003,392	Fair Market Value (FMV)- Date of Contribution
Works of Art	1	$12,360	Sales of Comparable
Other Non Cash Contri Table	7	$8,399	Sales of Comparable
Other Non Cash Contri Table	1	$5,050	Sales of Comparable
Other Non Cash Contri Table	1	$2,939	Sales of Comparable
Other Non Cash Contri Table	1	$1,950	Stmt of Provided Services
Total Noncash Contributions	14	$1,034,090	-

Audited Revenue Reconciliation

Revenue per Audited Statements: $3,510,704
Revenue Not Reported on Form 990: $1,393,591
Total Revenue per Audited Statements: $4,904,295
Total Revenue per Form 990: $3,510,704

Expenses and Functional Allocation

Major Expense Lines

Line Item	Amount
Grants and Similar Amounts Paid	$649,790
Salaries, Compensation, and Employee Benefits	$519,168
Total Fundraising Expense	$473,324
Other Expenses	$411,567
Professional Fundraising Fees	$0

Functional Expense Allocation

Line Item	Program	Management	Fundraising	Total
Other Salaries and Wages	$111,407	$141,354	$266,407	$519,168
Grants to Domestic Individuals	$511,038	-	-	$511,038
Grants to Domestic Orgs	$138,752	-	-	$138,752
Office Expenses	$47,878	$7,160	$37,583	$92,621
Conferences and Meetings	$14,569	$843	$17,369	$32,781
All Other Expenses	$22,782	$3,280	$6,706	$32,768
Other Expenses	$16,189	$1,950	$12,559	$30,698
Fees for Services Other	-	$21,355	-	$21,355
Fees for Service Investment Mgmnt Fees	$41,358	$-21,445	-	$19,913
Information Technology	-	$2,100	$17,126	$19,226
Fees for Services Legal	$9,963	$4,543	$4,568	$19,074
Advertising	$863	$378	$2,824	$4,065
Occupancy	$764	$233	$2,152	$3,149
Insurance	-	$1,152	$-107	$1,045
Depreciation Depletion	-	$526	-	$526
Total Functional Expenses	$941,782	$165,419	$473,324	$1,580,525

Audited Expense Reconciliation

Line Item	Amount
Total Expenses per Audited Statements	$1,994,782
Expenses per Audited Statements	$1,580,525
Total Expenses per Form 990	$1,580,525
Expenses Not Reported on Form 990	$414,257

International Activity

Grant and Assistance Recipients

Recipient	Location	Category	Purpose	Amount
Chadron State College	Chadron, NE	501c3	Education Mission	$138,752

Fundraising, Events, and Gaming

Fundraising activities: Yes
Gaming activities: No
Professional fundraiser used: No

Fundraising and Gaming Totals

Line Item	Amount
Fundraising Gross Income	$38,753
Fundraising Direct Expenses	$23,237
Professional Fundraising Fees	$0

Fundraising Events

Event	Gross Receipts	Gross Revenue	Direct Expenses	Net Income
Annual Campaign	$1,407,586	-	-	-
Golf Classic	$26,423	$21,173	$5,041	$16,132
Total Events	$1,451,589	$38,753	$23,237	$15,516

Political and Lobbying Activity

Political campaign activity: No
Lobbying activity: No
Subject to proxy tax: No

Organization	Location	Activity	Code	Public Charity	Controlled
Chadron State College	Chadron, NE	St College	501c3	2	No

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: Ben Watson
Title: CEO
Phone: 3084326361
Signed: 2018-11-12
Discuss with paid preparer: Yes

Organization Details

Principal Officer: Ben Watson
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 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 XI, Line 9

“Management fees netted against expense 414,257 management fees netted against expense -414,257”

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 414,257”

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