Civic Intelligence

Crete Public Schools Foundation

990 • Fiscal year 2020 • EIN 36-3897770

Sep 01, 2019 to Aug 31, 2020 • Filed on Nov 23, 2020

Organization ProfileN/A
920 Linden AveCrete, NE 68333

(004) 028-2658

Siviq Scores

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

Liabilities / Assets

15th percentile

0.00x

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

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

15th percentile

0.00x

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

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

91st percentile

52%

Higher net margin than 91% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

37th percentile

$0

Higher top officer pay than 37% of similar nonprofits.

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

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

71st percentile

19%

Faster asset growth than 71% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

6th percentile

-58%

Faster revenue growth than 6% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets15th percentile

Assets

Up

$3,386,201

Up $536,291 (+19%) from 2019

Net Assets

Up

$3,386,201

Up $536,291 (+19%) from 2019

Liabilities

Flat

$0

Flat from 2019

Revenue And Expenses
Liabilities / Revenue15th percentileNet Margin91st percentile

Revenue

Down

$163,935

Down $230,119 (-58%) from 2019

Expenses

Down

$78,251

Down $39,386 (-33%) from 2019

Net Income

Down

$85,684

Down $190,733 (-69%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth71st 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

2020

Assets$3,386,201
Liabilities$0
Net Assets$3,386,201
Open 2020 Filing

Operations Trend

Revenue Growth6th 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

2020

Revenue$163,935
Expenses$78,251
Net Income$85,684
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Sep 1, 2019 to Aug 31, 2020
Signed
Nov 23, 2020
Return Version
2019v5.0
Gross Receipts
$364,405
Mission and Program Overview

Mission

Additional financial support to crete public schools

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$2,498,780$3,050,294▲ $551,514
Savings and Temporary Cash Investments$277,054$272,307▼ $4,747
Cash and Non-Interest-Bearing Accounts$74,076$63,600▼ $10,476
Total Assets$2,849,910$3,386,201▲ $536,291
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets With Donor Restrictions$2,401,085$2,888,161▲ $487,076
Net Assets Without Donor Restrictions$448,825$498,040▲ $49,215
Total Net Assets Fund Balance$2,849,910$3,386,201▲ $536,291
Total Liabilities and Net Assets / Fund Balance$2,849,910$3,386,201▲ $536,291

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$892,764--
Compensation and Service Providers
Top Officer Pay37th percentile

Board Members and Trustees

NameTitle
Joe RohachPresident
Ann TegetDirector
Gary WilliamsDirector
Jorge ParedesDirector
Robin SchelstraeteDirector
Thomas Sorensen JrDirector
Josh McdowellAdvisor
Meagan KershnerAdvisor
Jane FahrnbruchSecretary
Sandy RosenboomTreasurer
Diane HansmeyerVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$56,865
Program Service Revenue
$0
Investment Income
$107,070
Other Revenue
$0
All Other Contributions
$56,865
Change in Net Assets
$85,684
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$75,849
Other Expenses$2,402
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$64,725--$64,725
Grants to Domestic Orgs$11,124--$11,124
Other Expenses-$1,047-$1,047
Total Functional Expenses$75,849$2,402$0$78,251
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Crete Public SchoolsCrete, NE170(b)Financial Support$11,124
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 BoardTrust FundsNo-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
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, Page 6, Part VI, 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, Page 6, Part VI, 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
0040282658
Address
920 LINDEN AVE, CRETE, NE 68333

Signing Officer

Name
Sandy Rosenboom
Title
Treasurer
Phone
0040282658
Signed
2020-11-23

Organization Details

Principal Officer
Sandy Rosenboom
Formed
1992
Legal Domicile
Ne
Voting Board Members
9
Independent Board Members
9
Employees
0

Preparer

Firm
Manning & Associates Pc
Address
120 E 11TH ST, CRETE, NE 68333-2224
Preparer
Greg Zoubek CPA
Phone
4028262528
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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/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.
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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.
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IRS990/TaxablePartyNotificationInd0false
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IRS990/VotingMembersGoverningBodyCnt09
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IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
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ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
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ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt052.38.98.93
ReturnHeader/FilingSecurityInformation/IPDt02020-12-10
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ReturnHeader/FilingSecurityInformation/IPTm013:27:22
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0470816761
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0MANNING & ASSOCIATES PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0120 E 11TH ST
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0CRETE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0683332224
ReturnHeader/PreparerPersonGrp/PhoneNum04028262528
ReturnHeader/PreparerPersonGrp/PreparationDt02020-11-23
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0GREG ZOUBEK CPA
ReturnHeader/ReturnTs02020-12-10T13:27:22-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-09-01
ReturnHeader/TaxPeriodEndDt02020-08-31
ReturnHeader/TaxYr02019

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,386,201
Liabilities
$0
Net assets
$3,386,201
Revenue
$163,935
Expenses
$78,251
Net income
$85,684
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
2020Detailed filing. Detailed filing data is available for this year.$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
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$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