Civic Intelligence

Crete Public Schools Foundation

990 • Fiscal year 2018 • EIN 36-3897770

Sep 01, 2017 to Aug 31, 2018 • Filed on Mar 23, 2019

Organization ProfileN/A
920 Linden AveCrete, NE 68333

(402) 826-5855

Siviq Scores

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

Liabilities / Assets

14th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

14th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

96th percentile

77%

Higher net margin than 96% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

80th percentile

17%

Faster asset growth than 80% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

94th percentile

106%

Faster revenue growth than 94% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets14th percentile

Assets

Up

$2,755,826

Up $400,879 (+17%) from 2017

Net Assets

Up

$2,755,826

Up $400,879 (+17%) from 2017

Liabilities

Flat

$0

Flat from 2017

Revenue And Expenses
Liabilities / Revenue14th percentileNet Margin96th percentile

Revenue

Up

$369,089

Up $189,725 (+106%) from 2017

Expenses

Down

$86,509

Down $119,285 (-58%) from 2017

Net Income

Up

$282,580

Up $309,010 (+1169%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth80th percentile

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

$6.0M$4.0M$2.0M$0Assets 2016: $2,272,718Liabilities 2016: $0Net Assets 2016: $2,272,7182016Assets 2017: $2,354,947Liabilities 2017: $0Net Assets 2017: $2,354,9472017Assets 2018: $2,755,826Liabilities 2018: $0Net Assets 2018: $2,755,8262018Assets 2019: $2,849,910Liabilities 2019: $0Net Assets 2019: $2,849,9102019Assets 2020: $3,386,201Liabilities 2020: $0Net Assets 2020: $3,386,2012020Assets 2021: $4,177,761Liabilities 2021: $0Net Assets 2021: $4,177,7612021Assets 2022: $3,322,384Liabilities 2022: $0Net Assets 2022: $3,322,3842022Assets 2023: $3,631,611Liabilities 2023: $0Net Assets 2023: $3,631,6112023Assets 2024: $4,449,849Liabilities 2024: $0Net Assets 2024: $4,449,8492024

Highlighted filing

2018

Assets$2,755,826
Liabilities$0
Net Assets$2,755,826
Open 2018 Filing

Operations Trend

Revenue Growth94th percentile

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

$400K$200K$0-$200KRevenue 2016: $218,215Expenses 2016: $141,946Net Income 2016: $76,2692016Revenue 2017: $179,364Expenses 2017: $205,794Net Income 2017: -$26,4302017Revenue 2018: $369,089Expenses 2018: $86,509Net Income 2018: $282,5802018Revenue 2019: $394,054Expenses 2019: $117,637Net Income 2019: $276,4172019Revenue 2020: $163,935Expenses 2020: $78,251Net Income 2020: $85,6842020Revenue 2021: $213,950Expenses 2021: $104,854Net Income 2021: $109,0962021Revenue 2022: $348,553Expenses 2022: $139,751Net Income 2022: $208,8022022Revenue 2023: $272,915Expenses 2023: $227,908Net Income 2023: $45,0072023Revenue 2024: $276,956Expenses 2024: $170,134Net Income 2024: $106,8222024

Highlighted filing

2018

Revenue$369,089
Expenses$86,509
Net Income$282,580
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Sep 1, 2017 to Aug 31, 2018
Signed
Mar 23, 2019
Return Version
2017v2.3
Gross Receipts
$671,849
Mission and Program Overview

Mission

Additional financial support to crete public schools

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$2,123,374$2,440,658▲ $317,284
Savings and Temporary Cash Investments$231,573$315,168▲ $83,595
Land, Buildings, and Equipment, Net$0$0→ $0
Total Assets$2,354,947$2,755,826▲ $400,879
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Permanently Rstr Net Assets$1,669,632$1,942,013▲ $272,381
Temporarily Rstr Net Assets$397,759$473,230▲ $75,471
Unrestricted Net Assets$287,556$340,583▲ $53,027
Total Net Assets Fund Balance$2,354,947$2,755,826▲ $400,879
Total Liabilities and Net Assets / Fund Balance$2,354,947$2,755,826▲ $400,879

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$0$757-
Other Securities$98,549--
Compensation and Service Providers
Top Officer Pay35th percentile

Board Members and Trustees

NameTitle
Ann TegetPresident
Joe RohachVice President
Dave LeversonDirector
Diane HansmeyerDirector
Eleanor SackDirector
Gary WilliamsDirector
Jim CrouseDirector
Lupe AvelarDirector
Mike MorrisDirector
Robin SchelstraeteDirector
Thomas Sorensen JrDirector
-Advisor
Jane FahrnbruchSecretary/treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$99,734
Program Service Revenue
$0
Investment Income
$269,355
Other Revenue
$0
All Other Contributions
$99,734
Change in Net Assets
$282,580
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$80,164
Other Expenses$6,345
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$48,233--$48,233
Grants to Domestic Orgs$31,931--$31,931
Fees for Services Accounting-$2,080-$2,080
Other Expenses-$1,008-$1,008
Office Expenses-$727-$727
Total Functional Expenses$80,164$6,345$0$86,509
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Crete Public SchoolsCrete, NE170(b)(1)(a)(iii)Financial Support for Projects That Cannot Be Supported by the School District Due to Budgetary Constraints$31,931
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Thomas SorensenMember of Board of DirectorsTRUST FUNDS WITH FMV OF $1,654,359 INVESTED THROUGH EDWARD JONES AT AUGUST 31, 2018, FOR WHICH MR. SORENSEN IS BROKER.No-
Governance and Compliance

Governance Checklist

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

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“The organization delivers financial information to their tax preparer. When the return is completed by the tax preparer it is forwarded to the governing board which reviews the tax return and approves it for filing”

Form 990, Part VI, Section C, Line 19

“The organization makes it governing documents and financial statements available for public inspection upon request.”

Filing and Contact Details

Filer

Filer Name
Crete Public Schools Trust
EIN
36-3897770
Phone
4028265855
Address
920 LINDEN AVE, CRETE, NE 68333

Signing Officer

Name
Jane Fahrnbruch
Title
Sec/treasurer
Phone
4028265855
Signed
2019-03-23
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jane Fahrnbruch
Formed
1992
Legal Domicile
Ne
Voting Board Members
12
Independent Board Members
12
Employees
0
Volunteers
0

Preparer

Firm
Manning & Associates Pc
Address
120 E 11TH STREET, CRETE, NE 68333
Preparer
Mark F Manning CPA
Phone
4028262528
Raw XML AppendixShowing 400 of 449 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleA/Form990SchAType3FuncIntGrp/ActivitiesTestInd0X
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/OfficersCloseRelationshipInd01
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/SupportedOrgVoiceInvestmentInd00
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/TimelyProvidedDocumentsInd00
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0SUBSTANTIALLY ALL THE ACTIVITIES OF THE CRETE PUBLIC SCHOOLS TRUST ARE TO FURTHER THE EXEMPT PURPOSE OF THE CRETE PUBLIC SCHOOLS. EXAMPLES OF THE TRUST'S ACTIVITIES ARE PROVIDING ADDITIONAL FUNDING FOR TEACHERS CLASSROOM SUPPLIES OR PROGRAMS. OTHER ACTIVITIES ARE PROVIDING FUNDING FOR COMPUTER EQUIPMENT FOR STUDENT EDUCATION, MUSICAL INSTRUMENTS FOR MUSICAL EDUCATION. THE TRUST'S PROVIDES FUNDING FOR SCHOLARSHIPS TO CRETE PUBLIC SCHOOLS STUDENTS GRADUATING AND FURTHERING THEIR EDUCATION AT THE NEXT LEVEL.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART IV, SECTION E, LINE 2A:
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0476005078
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd01
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd02
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt031931
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0CRETE PUBLIC SCHOOLS
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType3FuncIntInd0X
IRS990ScheduleA/SupportSumAmt031931
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0757
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt0757
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt0354705
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt1135643
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt2100722
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt3129434
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt4294610
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt5201438
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt6450823
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt7418866
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt8255868
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt998549
IRS990ScheduleD/OtherSecuritiesGrp/Desc0VANGUARD FIXED FUND
IRS990ScheduleD/OtherSecuritiesGrp/Desc1GOLDMAN SACHS HIGH YIELD BOND FUND
IRS990ScheduleD/OtherSecuritiesGrp/Desc2VANGUARD SMALL CAP INDEX FUND
IRS990ScheduleD/OtherSecuritiesGrp/Desc3VANGUARD MID CAP INDEX FUND
IRS990ScheduleD/OtherSecuritiesGrp/Desc4GROWTH FUND OF AMERICA
IRS990ScheduleD/OtherSecuritiesGrp/Desc5VANGUARD INTERNATIONAL VALUE FUND
IRS990ScheduleD/OtherSecuritiesGrp/Desc6FUNDAMENTAL INVESTORS FUND
IRS990ScheduleD/OtherSecuritiesGrp/Desc7FIDELITY ADVISOR NEW INSIGHTS FUND
IRS990ScheduleD/OtherSecuritiesGrp/Desc8HARTFORD DIVIDEND & GROWTH FUND
IRS990ScheduleD/OtherSecuritiesGrp/Desc9JOHN HANCOCK VALUE FUND
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd1F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd2F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd3F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd4F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd5F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd6F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd7F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd8F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd9F
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalBookValueSecuritiesAmt02440658
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt048233
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0SCHOLARSHIPS FOR EDUCATION IN COLLEGES AND UNIVERSITIES
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt062
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/ValuationMethodUsedDesc0FMV
IRS990ScheduleI/RecipientTable/CashGrantAmt031931
IRS990ScheduleI/RecipientTable/IRCSectionDesc0170(B)(1)(A)(III)
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0FINANCIAL SUPPORT FOR PROJECTS THAT CANNOT BE SUPPORTED BY THE SCHOOL DISTRICT DUE TO BUDGETARY CONSTRAINTS
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1SCHOLARSHIPS FOR GRADUATING SENIORS TO FURTHER THEIR EDUCATION
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0CRETE PUBLIC SCHOOLS
IRS990ScheduleI/RecipientTable/RecipientEIN0476005078
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0920 LINDEN AVE
IRS990ScheduleI/RecipientTable/USAddress/CityNm0CRETE
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0NE
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd068333
IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc0FMV
IRS990/ScheduleJRequiredInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0THOMAS SORENSEN
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0MEMBER OF BOARD OF DIRECTORS
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0TRUST FUNDS WITH FMV OF $1,654,359 INVESTED THROUGH EDWARD JONES AT AUGUST 31, 2018, FOR WHICH MR. SORENSEN IS BROKER.
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION DELIVERS FINANCIAL INFORMATION TO THEIR TAX PREPARER. WHEN THE RETURN IS COMPLETED BY THE TAX PREPARER IT IS FORWARDED TO THE GOVERNING BOARD WHICH REVIEWS THE TAX RETURN AND APPROVES IT FOR FILING
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION MAKES IT GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt0397759
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt0473230
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt02354947
IRS990/TotalAssetsEOYAmt02755826
IRS990/TotalAssetsGrp/BOYAmt02354947
IRS990/TotalAssetsGrp/EOYAmt02755826
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt099734
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt06345
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt080164
IRS990/TotalFunctionalExpensesGrp/TotalAmt086509
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02354947
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02755826
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt080164
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0269355
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0369089
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02354947
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02755826

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,755,826
Liabilities
$0
Net assets
$2,755,826
Revenue
$369,089
Expenses
$86,509
Net income
$282,580
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$4.45$0.00$4.45$0.28$0.17$0.11
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.63$0.00$3.63$0.27$0.23$0.05
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.32$0.00$3.32$0.35$0.14$0.21
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.18$0.00$4.18$0.21$0.10$0.11
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.39$0.00$3.39$0.16$0.08$0.09
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.85$0.00$2.85$0.39$0.12$0.28
2018Detailed filing. Detailed filing data is available for this year.$2.76$0.00$2.76$0.37$0.09$0.28
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.35$0.00$2.35$0.18$0.21$0.03
2016Detailed filing. Detailed filing data is available for this year.$2.27$0.00$2.27$0.22$0.14$0.08