Civic Intelligence

Albion Education Foundation

990 • Fiscal year 2017 • EIN 47-0740498

Jan 01, 2017 to Dec 31, 2017 • Filed on Jun 22, 2018

Organization ProfileNONE
PO Box 45Albion, NE 68620

(004) 023-9560

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.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

14th percentile

0.00x

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

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

83rd percentile

27%

Higher net margin than 83% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

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.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

43rd percentile

1.0%

Faster asset growth than 43% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

51st percentile

4.8%

Faster revenue growth than 51% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets14th percentile

Assets

Up

$3,175,069

Up $32,769 (+1.0%) from 2016

Net Assets

Up

$3,175,069

Up $32,769 (+1.0%) from 2016

Liabilities

Flat

$0

Flat from 2016

Revenue And Expenses
Liabilities / Revenue14th percentileNet Margin83rd percentile

Revenue

Up

$120,085

Up $5,543 (+4.8%) from 2016

Expenses

Up

$87,316

Up $2,816 (+3.3%) from 2016

Net Income

Up

$32,769

Up $2,727 (+9.1%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth43rd percentile

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2011: $2,772,839Liabilities 2011: $0Net Assets 2011: $2,772,8392011Assets 2012: $2,885,116Liabilities 2012: $0Net Assets 2012: $2,885,1162012Assets 2013: $3,034,898Liabilities 2013: $0Net Assets 2013: $3,034,8982013Assets 2014: $3,117,035Liabilities 2014: $0Net Assets 2014: $3,117,0352014Assets 2015: $3,112,258Liabilities 2015: $0Net Assets 2015: $3,112,2582015Assets 2016: $3,142,300Liabilities 2016: $0Net Assets 2016: $3,142,3002016Assets 2017: $3,175,069Liabilities 2017: $0Net Assets 2017: $3,175,0692017Assets 2018: $3,329,267Liabilities 2018: $0Net Assets 2018: $3,329,2672018Assets 2019: $3,380,027Liabilities 2019: $0Net Assets 2019: $3,380,0272019Assets 2020: $3,474,449Liabilities 2020: $0Net Assets 2020: $3,474,4492020Assets 2021: $3,595,976Liabilities 2021: $0Net Assets 2021: $3,595,9762021Assets 2022: $3,443,172Liabilities 2022: $0Net Assets 2022: $3,443,1722022Assets 2023: $3,477,443Liabilities 2023: $0Net Assets 2023: $3,477,4432023Assets 2024: $3,475,224Liabilities 2024: $0Net Assets 2024: $3,475,2242024

Highlighted filing

2017

Assets$3,175,069
Liabilities$0
Net Assets$3,175,069
Open 2017 Filing

Operations Trend

Revenue Growth51st percentile

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

$400K$200K$0-$200KRevenue 2011: $141,635Expenses 2011: $49,062Net Income 2011: $92,5732011Revenue 2012: $166,584Expenses 2012: $54,307Net Income 2012: $112,2772012Revenue 2013: $211,011Expenses 2013: $61,229Net Income 2013: $149,7822013Revenue 2014: $142,179Expenses 2014: $60,042Net Income 2014: $82,1372014Revenue 2015: $56,903Expenses 2015: $61,680Net Income 2015: -$4,7772015Revenue 2016: $114,542Expenses 2016: $84,500Net Income 2016: $30,0422016Revenue 2017: $120,085Expenses 2017: $87,316Net Income 2017: $32,7692017Revenue 2018: $393,460Expenses 2018: $239,262Net Income 2018: $154,1982018Revenue 2019: $162,577Expenses 2019: $111,817Net Income 2019: $50,7602019Revenue 2020: $222,795Expenses 2020: $128,373Net Income 2020: $94,4222020Revenue 2021: $266,781Expenses 2021: $145,254Net Income 2021: $121,5272021Revenue 2022: $110,949Expenses 2022: $263,753Net Income 2022: -$152,8042022Revenue 2023: $201,507Expenses 2023: $167,236Net Income 2023: $34,2712023Revenue 2024: $213,053Expenses 2024: $215,272Net Income 2024: -$2,2192024

Highlighted filing

2017

Revenue$120,085
Expenses$87,316
Net Income$32,769
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Jun 22, 2018
Return Version
2017v2.3
Gross Receipts
$516,533
Mission and Program Overview

Mission

Funds and formulates and administers programs in cooperation with the school administration. The foundation operates through its board of directors, officers, standing committees, and with the assistance and participation of volunteers and supporters.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$3,142,300$3,175,069▲ $32,769
Investments Other Securities$1,912,084$2,236,742▲ $324,658
Other Notes and Loans Receivable, Net$849,479$817,981▼ $31,498
Savings and Temporary Cash Investments$374,314$100,026▼ $274,288
Cash and Non-Interest-Bearing Accounts$6,423$20,320▲ $13,897
Total Assets$3,142,300$3,175,069▲ $32,769
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$3,142,300$3,175,069▲ $32,769
Total Liabilities and Net Assets / Fund Balance$3,142,300$3,175,069▲ $32,769

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$27,224--
Compensation and Service Providers
Top Officer Pay35th percentile

Board Members and Trustees

NameTitle
Carol KusekPresident
Kurt KruseDirector
Lynn ByglandDirector
Patricia MeyerDirector
Ron CoakesDirector
Richard StephensSecretary
Richard MartinsenTreasurer
Ralph SchmadekeVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$6,320
Program Service Revenue
$6,960
Investment Income
$106,805
Other Revenue
$0
All Other Contributions
$6,320
Change in Net Assets
$32,769
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$57,711
Other Expenses$29,605
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$33,576--$33,576
Fees for Service Investment Mgmnt Fees-$25,339-$25,339
Grants to Domestic Individuals$24,135--$24,135
Fees for Services Accounting$1,500$1,500-$3,000
Fees for Services Legal$106$106-$212
Office Expenses$100$101-$201
Insurance-$165-$165
Other Expenses$100$14-$14
Total Functional Expenses$59,517$27,799$0$87,316
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Boone Central Public SchoolAlbion, NE-Educational Developm$21,876
Prairie Plains Resource InstituteAurora, NE-Olson Nature Preserv$7,000
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
No
Backup withholding compliance
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

“No review was or will be conducted.”

Form 990, Page 6, Part VI, Line 19

“Governing documents & financial statements are available upon request.”

Filing and Contact Details

Filer

Filer Name
Albion Education Foundation
EIN
47-0740498
Phone
0040239560
Address
PO BOX 45, ALBION, NE 68620

Signing Officer

Name
Carol Kusek
Title
President
Signed
2018-06-22

Organization Details

Principal Officer
Carol Kusek
Formed
1991
Legal Domicile
Ne
Voting Board Members
8
Independent Board Members
8
Employees
0

Preparer

Firm
Schmeits Mueller & Martinsen Pc
Address
2204 14TH ST, COLUMBUS, NE 68601
Preparer
Jordan Mueller CPA
Phone
4025633538
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“Funds and formulates and administers programs in cooperation with the school administration. The foundation operates through its board of directors, officers, standing committees, and with the assistance and participation of volunteers and supporters.”

Form 990, Page 2, Part III, Line 4D

“The albion education foundation (aef) supports organizations other than boone central public schools (bcps), which is listed in the organization's governing documents. The aef provides support to those organizations that benefit or help perform the functions of bcps through cooperating activities and school assemblies, etc.”

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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0THE ALBION EDUCATION FOUNDATION (AEF) SUPPORTS ORGANIZATIONS OTHER THAN BOONE CENTRAL PUBLIC SCHOOLS (BCPS), WHICH IS LISTED IN THE ORGANIZATION'S GOVERNING DOCUMENTS. THE AEF PROIDES SUPPORT TO THOSE ORGANIZATIONS THAT BENEFIT OR HELP PERFORM THE FUNCTIONS OF BCPS THROUGH COOPERATING ACTIVITIES AND SCHOOL ASSEMBLIES, ETC.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt1THE ALBION EDUCATION FOUNDATION (AEF) PROVIDED SUPPORT TO THE PRAIRIE PLAINS RESOURCE INSTITUTE TO MANAGE THE OLSON NATURE PRESERVE AND ST. MICHAEL'S SCHOOL FOR A SCHOOL RESPECT PROGRAM. THROUGH THE SUPPORT OF THESE ORGANIZATIONS, BOONE CENTRAL PUBLIC SCHOOLS WAS BENEFITED BY ALLOWING ITS STUDENTS ACCESS TO THE GREAT PLAINS LANDSCAPE AND PROMOTING GOOD CITIZENSHIP
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IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt17000
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IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0BOONE CENTRAL PUBLIC SCHOOLS
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt1PRAIRIE PLAINS RESOURCE INSTITUTE
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt2ST MICHAEL'S SCHOOL
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IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt1214191
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt227224
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IRS990ScheduleD/OtherSecuritiesGrp/Desc1CASH & CASH EQUIVALENTS
IRS990ScheduleD/OtherSecuritiesGrp/Desc2BONDS AND U.S. TREASURY NOTES
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IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt22985
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0COLLEGE SCHOLARSHIPS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt1COREY JONES
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt2MITCH OSBORN
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IRS990ScheduleI/RecipientTable/CashGrantAmt121876
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0OLSON NATURE PRESERV
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IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1BOONE CENTRAL PUBLIC SCHOOL
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FUNDS AND FORMULATES AND ADMINISTERS PROGRAMS IN COOPERATION WITH THE SCHOOL ADMINISTRATION. THE FOUNDATION OPERATES THROUGH ITS BOARD OF DIRECTORS, OFFICERS, STANDING COMMITTEES, AND WITH THE ASSISTANCE AND PARTICIPATION OF VOLUNTEERS AND SUPPORTERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ALBION EDUCATION FOUNDATION (AEF) SUPPORTS ORGANIZATIONS OTHER THAN BOONE CENTRAL PUBLIC SCHOOLS (BCPS), WHICH IS LISTED IN THE ORGANIZATION'S GOVERNING DOCUMENTS. THE AEF PROVIDES SUPPORT TO THOSE ORGANIZATIONS THAT BENEFIT OR HELP PERFORM THE FUNCTIONS OF BCPS THROUGH COOPERATING ACTIVITIES AND SCHOOL ASSEMBLIES, ETC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2NO REVIEW WAS OR WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3GOVERNING DOCUMENTS & FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/WebsiteAddressTxt0NONE
IRS990/WhistleblowerPolicyInd0false
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,175,069
Liabilities
$0
Net assets
$3,175,069
Revenue
$120,085
Expenses
$87,316
Net income
$32,769
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.48$0.00$3.48$0.21$0.22$0.00
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.48$0.00$3.48$0.20$0.17$0.03
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.44$0.00$3.44$0.11$0.26$0.15
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.60$0.00$3.60$0.27$0.15$0.12
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.47$0.00$3.47$0.22$0.13$0.09
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.38$0.00$3.38$0.16$0.11$0.05
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.33$0.00$3.33$0.39$0.24$0.15
2017Detailed filing. Detailed filing data is available for this year.$3.18$0.00$3.18$0.12$0.09$0.03
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.14$0.00$3.14$0.11$0.08$0.03
2015Detailed filing. Detailed filing data is available for this year.$3.11$0.00$3.11$0.06$0.06$0.00
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.12$0.00$3.12$0.14$0.06$0.08
2013Detailed filing. Detailed filing data is available for this year.$3.03$0.00$3.03$0.21$0.06$0.15
2012Summary only. Only limited summary data is available for this year.$2.89$0.00$2.89$0.17$0.05$0.11
2011Summary only. Only limited summary data is available for this year.$2.77$0.00$2.77$0.14$0.05$0.09