Civic Intelligence

Crete Public Schools Foundation

990 • Fiscal year 2021 • EIN 36-3897770

Sep 01, 2020 to Aug 31, 2021 • Filed on Jan 11, 2022

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

17th percentile

0.00x

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

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

17th percentile

0.00x

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

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

87th percentile

51%

Higher net margin than 87% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

39th percentile

$0

Higher top officer pay than 39% of similar nonprofits.

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

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

72nd percentile

23%

Faster asset growth than 72% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

66th percentile

31%

Faster revenue growth than 66% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets17th percentile

Assets

Up

$4,177,761

Up $791,560 (+23%) from 2020

Net Assets

Up

$4,177,761

Up $791,560 (+23%) from 2020

Liabilities

Flat

$0

Flat from 2020

Revenue And Expenses
Liabilities / Revenue17th percentileNet Margin87th percentile

Revenue

Up

$213,950

Up $50,015 (+31%) from 2020

Expenses

Up

$104,854

Up $26,603 (+34%) from 2020

Net Income

Up

$109,096

Up $23,412 (+27%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth72nd 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

2021

Assets$4,177,761
Liabilities$0
Net Assets$4,177,761
Open 2021 Filing

Operations Trend

Revenue Growth66th 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

2021

Revenue$213,950
Expenses$104,854
Net Income$109,096
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Sep 1, 2020 to Aug 31, 2021
Signed
Jan 11, 2022
Return Version
2020v4.0
Gross Receipts
$213,950
Mission and Program Overview

Mission

Additional financial support to crete public schools

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$3,050,294$3,904,653▲ $854,359
Savings and Temporary Cash Investments$272,307$181,867▼ $90,440
Cash and Non-Interest-Bearing Accounts$63,600$91,241▲ $27,641
Total Assets$3,386,201$4,177,761▲ $791,560
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets With Donor Restrictions$2,888,161$3,751,588▲ $863,427
Net Assets Without Donor Restrictions$498,040$426,173▼ $71,867
Total Net Assets Fund Balance$3,386,201$4,177,761▲ $791,560
Total Liabilities and Net Assets / Fund Balance$3,386,201$4,177,761▲ $791,560

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$1,062,218--
Compensation and Service Providers
Top Officer Pay39th percentile

Board Members and Trustees

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

Revenue Composition

Contributions and Grants
$65,050
Program Service Revenue
$0
Investment Income
$148,900
Other Revenue
$0
All Other Contributions
$53,050
Change in Net Assets
$109,096
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$95,798
Other Expenses$9,056
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$69,515--$69,515
Grants to Domestic Orgs$26,283--$26,283
Fees for Services Accounting-$4,770-$4,770
Office Expenses-$1,646-$1,646
Other Expenses-$1,126-$1,126
Total Functional Expenses$95,798$9,056$0$104,854
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Crete Public SchoolsCrete, NE170(b)Financial Support$26,283
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
4028265855
Address
920 LINDEN AVE, CRETE, NE 68333

Signing Officer

Name
Sandy Rosenboom
Title
Treasurer
Phone
4028265855
Signed
2022-01-11

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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IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt02842435
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt11062218
IRS990ScheduleD/OtherSecuritiesGrp/Desc0EDWARD JONES
IRS990ScheduleD/OtherSecuritiesGrp/Desc1VANGUARD
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd1F
IRS990ScheduleD/TotalBookValueSecuritiesAmt03904653
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IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt069515
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0SCHOLARSHIPS FOR EDUCATIO
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt066
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/ValuationMethodUsedDesc0FMV
IRS990ScheduleI/RecipientTable/CashGrantAmt026283
IRS990ScheduleI/RecipientTable/IRCSectionDesc0170(B)
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0FINANCIAL SUPPORT
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
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0PART II, LINE 1, COLUMN (H): NAME OF ORGANIZATION OR GOVERNMENT: CRETE PUBLIC SCHOOLS (H) PURPOSE OF GRANT OR ASSISTANCE: FINANCIAL SUPPORT FOR PROJECTS THAT CANNOT BE SUPPORTED BY THE SCHOOL DISTRICT DUE TO BUDGETARY CONSTRAINTS
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE I, PAGE 4, PART IV
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0THOMAS SORENSEN
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0MEMBER OF BOARD
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0TRUST FUNDS
IRS990ScheduleL/SupplementalInformationDetail/ExplanationTxt0(A) NAME OF PERSON: THOMAS SORENSEN (B) RELATIONSHIP BETWEEN INTERESTED PERSON AND ORGANIZATION: MEMBER OF BOARD OF DIRECTORS (D) DESCRIPTION OF TRANSATION: TRUST FUNDS WITH FMV OF 2,842,435 INVESTED THROUGH EDWARD JONES AT AUGUST 31, 2021, FOR WHICH MR. SORENSEN IS BROKER.
IRS990ScheduleL/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE L, PART V
IRS990/ScheduleORequiredInd0true
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, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt03386201
IRS990/TotalAssetsEOYAmt04177761
IRS990/TotalAssetsGrp/BOYAmt03386201
IRS990/TotalAssetsGrp/EOYAmt04177761
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt065050
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt09056
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt095798
IRS990/TotalFunctionalExpensesGrp/TotalAmt0104854
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt03386201
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt04177761
IRS990/TotalProgramServiceExpensesAmt095798
IRS990/TotalRevenueGrp/ExclusionAmt0148900
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0213950
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt03386201
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt04177761
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0920 LINDEN
IRS990/USAddress/CityNm0CRETE
IRS990/USAddress/StateAbbreviationCd0NE
IRS990/USAddress/ZIPCd068333
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02022-03-31 18:45:55Z
ReturnHeader/BusinessOfficerGrp/PersonNm0SANDY ROSENBOOM
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum04028265855
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-01-11
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0CRETE PUBLIC SCHOOLS TRUST
ReturnHeader/Filer/BusinessNameControlTxt0CRET
ReturnHeader/Filer/EIN0363897770
ReturnHeader/Filer/PhoneNum04028265855
ReturnHeader/Filer/USAddress/AddressLine1Txt0920 LINDEN AVE
ReturnHeader/Filer/USAddress/CityNm0CRETE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NE
ReturnHeader/Filer/USAddress/ZIPCd068333
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/PreparationDt02022-01-11
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0GREG ZOUBEK CPA
ReturnHeader/ReturnTs02022-01-14T13:15:27-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0SANDY
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0ROSENBOOM
ReturnHeader/TaxPeriodBeginDt02020-09-01
ReturnHeader/TaxPeriodEndDt02021-08-31
ReturnHeader/TaxYr02020

Document Assets

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$4,177,761
Liabilities
$0
Net assets
$4,177,761
Revenue
$213,950
Expenses
$104,854
Net income
$109,096
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
2021Detailed filing. Detailed filing data is available for this year.$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
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