Civic Intelligence

Falls City Educational Foundation

990 • Fiscal year 2019 • EIN 47-0739224

Jan 01, 2019 to Dec 31, 2019 • Filed on Oct 07, 2020

Organization Profile
1415 Morton StreetFalls City, NE 68355

(402) 245-2491

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.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

15th percentile

0.00x

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

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

90th percentile

46%

Higher net margin than 90% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

36th percentile

$0

Higher top officer pay than 36% of similar nonprofits.

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

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

50th percentile

3.0%

Faster asset growth than 50% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

2nd percentile

-71%

Faster revenue growth than 2% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets15th percentile

Assets

Up

$1,772,967

Up $50,936 (+3.0%) from 2018

Net Assets

Up

$1,772,967

Up $50,936 (+3.0%) from 2018

Liabilities

Flat

$0

Flat from 2018

Revenue And Expenses
Liabilities / Revenue15th percentileNet Margin90th percentile

Revenue

Down

$111,808

Down $270,860 (-71%) from 2018

Expenses

Up

$60,872

Up $11,065 (+22%) from 2018

Net Income

Down

$50,936

Down $281,925 (-85%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth50th percentile

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

$3.0M$2.0M$1.0M$0Assets 2011: $561,272Liabilities 2011: $0Net Assets 2011: $561,2722011Assets 2012: $637,354Liabilities 2012: $0Net Assets 2012: $637,3542012Assets 2013: $693,928Liabilities 2013: $0Net Assets 2013: $693,9282013Assets 2014: $727,439Liabilities 2014: $0Net Assets 2014: $727,4392014Assets 2015: $838,269Liabilities 2015: $0Net Assets 2015: $838,2692015Assets 2016: $1,314,543Liabilities 2016: $0Net Assets 2016: $1,314,5432016Assets 2017: $1,389,170Liabilities 2017: $0Net Assets 2017: $1,389,1702017Assets 2018: $1,722,031Liabilities 2018: $0Net Assets 2018: $1,722,0312018Assets 2019: $1,772,967Liabilities 2019: $0Net Assets 2019: $1,772,9672019Assets 2020: $1,820,278Liabilities 2020: $0Net Assets 2020: $1,820,2782020Assets 2021: $1,900,786Liabilities 2021: $0Net Assets 2021: $1,900,7862021Assets 2022: $1,962,126Liabilities 2022: $0Net Assets 2022: $1,962,1262022Assets 2023: $2,217,049Liabilities 2023: $0Net Assets 2023: $2,217,0492023Assets 2024: $2,342,401Liabilities 2024: $0Net Assets 2024: $2,342,4012024

Highlighted filing

2019

Assets$1,772,967
Liabilities$0
Net Assets$1,772,967
Open 2019 Filing

Operations Trend

Revenue Growth2nd percentile

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

$600K$400K$200K$0Revenue 2011: $78,562Expenses 2011: $42,551Net Income 2011: $36,0112011Revenue 2012: $120,853Expenses 2012: $44,771Net Income 2012: $76,0822012Revenue 2013: $96,267Expenses 2013: $39,693Net Income 2013: $56,5742013Revenue 2014: $67,780Expenses 2014: $34,269Net Income 2014: $33,5112014Revenue 2015: $169,826Expenses 2015: $58,996Net Income 2015: $110,8302015Revenue 2016: $504,165Expenses 2016: $27,891Net Income 2016: $476,2742016Revenue 2017: $130,878Expenses 2017: $56,251Net Income 2017: $74,6272017Revenue 2018: $382,668Expenses 2018: $49,807Net Income 2018: $332,8612018Revenue 2019: $111,808Expenses 2019: $60,872Net Income 2019: $50,9362019Revenue 2020: $84,805Expenses 2020: $37,494Net Income 2020: $47,3112020Revenue 2021: $149,655Expenses 2021: $69,147Net Income 2021: $80,5082021Revenue 2022: $131,046Expenses 2022: $69,706Net Income 2022: $61,3402022Revenue 2023: $293,561Expenses 2023: $38,638Net Income 2023: $254,9232023Revenue 2024: $176,872Expenses 2024: $51,520Net Income 2024: $125,3522024

Highlighted filing

2019

Revenue$111,808
Expenses$60,872
Net Income$50,936
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Oct 7, 2020
Return Version
2019v5.0
Gross Receipts
$111,808
Mission and Program Overview

Mission

To provide financial assistance to falls city, nebraska high school graduates in their pursuit of post-secondary education and to generally benefit the falls city, nebraska public school system

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$1,217,619$1,236,540▲ $18,921
Cash and Non-Interest-Bearing Accounts$105,894$114,946▲ $9,052
Investments in Publicly Traded Securities$81,518$89,880▲ $8,362
Total Assets$1,722,031$1,772,967▲ $50,936
Other Assets Total$317,000$331,601▲ $14,601
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,722,031$1,772,967▲ $50,936
Total Net Assets Fund Balance$1,722,031$1,772,967▲ $50,936
Total Liabilities and Net Assets / Fund Balance$1,722,031$1,772,967▲ $50,936

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$331,601--
Compensation and Service Providers
Top Officer Pay36th percentile

Board Members and Trustees

NameTitle
Melvin HarmonPresident
Glenda NelsonDirector
John E MartinDirector
June BowersDirector
Mike DunnDirector
Bill NiedfeldtHonorary Director
Linda FrostHonorary Director
Tim HeckenlivelyRecording Se
Merle VeigelTreasurer
Ed HarrisVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$76,650
Program Service Revenue
$0
Investment Income
$35,158
Other Revenue
$0
All Other Contributions
$76,650
Change in Net Assets
$50,936
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$58,182
Other Expenses$2,690
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$37,798--$37,798
Grants to Domestic Orgs$20,384--$20,384
Office Expenses-$2,690-$2,690
Total Functional Expenses$58,182$2,690$0$60,872
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Falls City Public SchoolsFalls City, NE-New Sign$20,384
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Audit committee
No
Business relationship with 35% controlled entity
No
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
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's treasurer prepares his annual financial report for the board. A copy is given to a local cpa who prepares the 990 with the assistance of the treasurer. The treasurer reviews the completed form 990 with the cpa prior to its being filed. Any officer of the organization is welcome to review the completed form 990 at any time.”

Form 990, Page 6, Part VI, Line 19

“All of the organization's policies, records and financial information are available for inspection upon reasonable request.”

Filing and Contact Details

Filer

Filer Name
Falls City Educational Foundation
EIN
47-0739224
Phone
4022452491
Address
1415 MORTON STREET, FALLS CITY, NE 68355

Signing Officer

Name
Merle Veigel
Title
Treasurer
Phone
4022452491
Signed
2020-10-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Melvin Harmon
Formed
1990
Legal Domicile
Ne
Voting Board Members
9
Independent Board Members
9
Employees
0
Volunteers
5

Preparer

Firm
Robert W Aitken CPA Pc
Address
1621 STONE STREET PO BOX 429, FALLS CITY, NE 68355
Preparer
Robert W Aitken
Phone
4022455566
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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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ALL OF THE ORGANIZATION'S POLICIES, RECORDS AND FINANCIAL INFORMATION ARE AVAILABLE FOR INSPECTION UPON REASONABLE REQUEST.
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0470711599
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0ROBERT W AITKEN CPA PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01621 STONE STREET PO BOX 429
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0FALLS CITY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd068355
ReturnHeader/PreparerPersonGrp/PhoneNum04022455566
ReturnHeader/PreparerPersonGrp/PreparationDt02020-10-07
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ROBERT W AITKEN
ReturnHeader/ReturnTs02020-10-07T09:22:27-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-01-01
ReturnHeader/TaxPeriodEndDt02019-12-31
ReturnHeader/TaxYr02019

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,772,967
Liabilities
$0
Net assets
$1,772,967
Revenue
$111,808
Expenses
$60,872
Net income
$50,936
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.34$0.00$2.34$0.18$0.05$0.13
2023Detailed filing. Detailed filing data is available for this year.$2.22$0.00$2.22$0.29$0.04$0.25
2022Detailed filing. Detailed filing data is available for this year.$1.96$0.00$1.96$0.13$0.07$0.06
2021Detailed filing. Detailed filing data is available for this year.$1.90$0.00$1.90$0.15$0.07$0.08
2020Detailed filing. Detailed filing data is available for this year.$1.82$0.00$1.82$0.08$0.04$0.05
2019Detailed filing. Detailed filing data is available for this year.$1.77$0.00$1.77$0.11$0.06$0.05
2018Summary only. Only limited summary data is available for this year.$1.72$0.00$1.72$0.38$0.05$0.33
2017Summary only. Only limited summary data is available for this year.$1.39$0.00$1.39$0.13$0.06$0.07
2016Summary only. Only limited summary data is available for this year.$1.31$0.00$1.31$0.50$0.03$0.48
2015Summary only. Only limited summary data is available for this year.$0.84$0.00$0.84$0.17$0.06$0.11
2014Summary only. Only limited summary data is available for this year.$0.73$0.00$0.73$0.07$0.03$0.03
2013Summary only. Only limited summary data is available for this year.$0.69$0.00$0.69$0.10$0.04$0.06
2012Summary only. Only limited summary data is available for this year.$0.64$0.00$0.64$0.12$0.04$0.08
2011Summary only. Only limited summary data is available for this year.$0.56$0.00$0.56$0.08$0.04$0.04