Civic Intelligence

Falls City Educational Foundation

990 • Fiscal year 2020 • EIN 47-0739224

Jan 01, 2020 to Dec 31, 2020 • Filed on Jul 01, 2021

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.

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

92nd percentile

56%

Higher net margin than 92% 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

41st percentile

2.7%

Faster asset growth than 41% of similar nonprofits.

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

Revenue Growth

20th percentile

-24%

Faster revenue growth than 20% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets15th percentile

Assets

Up

$1,820,278

Up $47,311 (+2.7%) from 2019

Net Assets

Up

$1,820,278

Up $47,311 (+2.7%) from 2019

Liabilities

Flat

$0

Flat from 2019

Revenue And Expenses
Liabilities / Revenue15th percentileNet Margin92nd percentile

Revenue

Down

$84,805

Down $27,003 (-24%) from 2019

Expenses

Down

$37,494

Down $23,378 (-38%) from 2019

Net Income

Down

$47,311

Down $3,625 (-7.1%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth41st 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

2020

Assets$1,820,278
Liabilities$0
Net Assets$1,820,278
Open 2020 Filing

Operations Trend

Revenue Growth20th 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

2020

Revenue$84,805
Expenses$37,494
Net Income$47,311
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Jul 1, 2021
Return Version
2020v4.0
Gross Receipts
$84,805
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$1,236,540$1,272,086▲ $35,546
Cash and Non-Interest-Bearing Accounts$114,946$113,190▼ $1,756
Investments in Publicly Traded Securities$89,880$97,052▲ $7,172
Total Assets$1,772,967$1,820,278▲ $47,311
Other Assets Total$331,601$337,950▲ $6,349
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,772,967$1,820,278▲ $47,311
Total Net Assets Fund Balance$1,772,967$1,820,278▲ $47,311
Total Liabilities and Net Assets / Fund Balance$1,772,967$1,820,278▲ $47,311

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$337,950--
Compensation and Service Providers
Top Officer Pay37th percentile

Board Members and Trustees

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

Revenue Composition

Contributions and Grants
$50,006
Program Service Revenue
$0
Investment Income
$34,799
Other Revenue
$0
All Other Contributions
$50,006
Change in Net Assets
$47,311
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$34,965
Other Expenses$2,529
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$34,400--$34,400
Office Expenses-$2,529-$2,529
Grants to Domestic Orgs$565--$565
Total Functional Expenses$34,965$2,529$0$37,494
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
2021-07-01
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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IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt019
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE BOARD OF DIRECTORS MONITORS ALL GRANTS GIVEN. ANY GRANTS GIVEN TO FALLS CITY PUBLIC SCHOOLS ARE PRE-APPROVED BY THE GOVERNING BODY. SCHOLARSHIPS ARE AWARDED TO RECIPIENTS BASED ON THEIR ELIGIBILITY AND THE SELECTIONS ARE MADE BY SCHOLARSHIP COMMITTEE MEMBERS. AWARDS ARE MONITORED IN THAT PAYMENTS ARE MADE DIRECTLY TO THE SCHOOL THE RECIPIENT IS ATTENDING, OR THE RECIPIENT MUST SUBSTANTIATE THEIR ENROLLMENT IN THE POST-SECONDARY INSTITUTION.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE I, PAGE 1, PART I, LINE 2
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ALL OF THE ORGANIZATION'S POLICIES, RECORDS AND FINANCIAL INFORMATION ARE AVAILABLE FOR INSPECTION UPON REASONABLE REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt02529
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IRS990/TotalFunctionalExpensesGrp/TotalAmt037494
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IRS990/TotalRevenueGrp/TotalRevenueColumnAmt084805
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IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01820278
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ReturnHeader/BuildTS02022-09-23 18:48:47Z
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ReturnHeader/BusinessOfficerGrp/PersonNm0MERLE VEIGEL
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum04022452491
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-07-01
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ReturnHeader/Filer/BusinessNameControlTxt0FALL
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ReturnHeader/Filer/PhoneNum04022452491
ReturnHeader/Filer/USAddress/AddressLine1Txt01415 MORTON STREET
ReturnHeader/Filer/USAddress/CityNm0FALLS CITY
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NE
ReturnHeader/Filer/USAddress/ZIPCd068355
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/PreparationDt02021-07-02
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ROBERT W AITKEN
ReturnHeader/ReturnTs02021-07-02T10:14:42-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0MERLE
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0VEIGEL
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$1,820,278
Liabilities
$0
Net assets
$1,820,278
Revenue
$84,805
Expenses
$37,494
Net income
$47,311
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