Civic Intelligence

Albion Education Foundation

990 • Fiscal year 2020 • EIN 47-0740498

Jan 01, 2020 to Dec 31, 2020 • Filed on Sep 07, 2021

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

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

87th percentile

42%

Higher net margin than 87% 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

42nd percentile

2.8%

Faster asset growth than 42% of similar nonprofits.

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

Revenue Growth

83rd percentile

37%

Faster revenue growth than 83% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets15th percentile

Assets

Up

$3,474,449

Up $94,422 (+2.8%) from 2019

Net Assets

Up

$3,474,449

Up $94,422 (+2.8%) from 2019

Liabilities

Flat

$0

Flat from 2019

Revenue And Expenses
Liabilities / Revenue15th percentileNet Margin87th percentile

Revenue

Up

$222,795

Up $60,218 (+37%) from 2019

Expenses

Up

$128,373

Up $16,556 (+15%) from 2019

Net Income

Up

$94,422

Up $43,662 (+86%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth42nd 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

2020

Assets$3,474,449
Liabilities$0
Net Assets$3,474,449
Open 2020 Filing

Operations Trend

Revenue Growth83rd 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

2020

Revenue$222,795
Expenses$128,373
Net Income$94,422
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Sep 7, 2021
Return Version
2020v4.0
Gross Receipts
$1,223,050
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$3,380,027$3,474,449▲ $94,422
Investments Other Securities$2,550,658$2,732,544▲ $181,886
Other Notes and Loans Receivable, Net$757,627$731,442▼ $26,185
Savings and Temporary Cash Investments$38,811$38,169▼ $642
Cash and Non-Interest-Bearing Accounts$32,931$-27,706▼ $60,637
Total Assets$3,380,027$3,474,449▲ $94,422
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$3,380,027$3,474,449▲ $94,422
Total Liabilities and Net Assets / Fund Balance$3,380,027$3,474,449▲ $94,422

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$150,703--
Compensation and Service Providers
Top Officer Pay37th percentile

Board Members and Trustees

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

Revenue Composition

Contributions and Grants
$38,796
Program Service Revenue
$6,905
Investment Income
$177,094
Other Revenue
$0
All Other Contributions
$38,796
Change in Net Assets
$94,422
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$94,171
Other Expenses$34,202
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$62,371--$62,371
Grants to Domestic Individuals$31,800--$31,800
Fees for Service Investment Mgmnt Fees-$29,296-$29,296
Fees for Services Accounting-$3,000-$3,000
Other Expenses$800$550-$550
Fees for Services Legal-$232-$232
Insurance-$165-$165
Office Expenses$73$74-$147
Fees for Services Other-$12-$12
Total Functional Expenses$95,044$33,329$0$128,373
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Boone Central Public SchoolAlbion, NE-Educational Developm$40,621
Boone County Foundation FundAlbion, NE--$13,500
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 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

“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
2021-09-07

Organization Details

Principal Officer
Carol Kusek
Formed
1991
Legal Domicile
Ne
Voting Board Members
7
Independent Board Members
7
Employees
0
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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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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IRS990/MissionDesc0FUNDS 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.
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IRS990/ProgSrvcAccomActy3Grp/Desc0THE ALBION EDUCATION FOUNDATION (AEF) PROVIDED SUPPORT TO THE PRAIRIE PLAINS RESOURCE INSTITUTE TO MANAGE THE OLSON NATURE PRESERVE AND TO ST. MICHAEL'S SCHOOL FOR A SCHOOL KINDNESS PROGRAM. THROUGH THE SUPPORT OF THE THESE ORGANIZATIONS, BOONE CENTRAL PUBLIC SCHOOLS WAS BENEFITED BY ALLOWING IT'S STUDENTS ACCESS TO THE GREAT PLAINS LANDSCAPE AND PROMOTING GOOD CITIZENSHIP.
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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 TECHNOLOGY UPGRADES AND ARTIST IN RESIDENCY PROGRAMS. 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 AND COLLABORATIVE LEARNING THROUGH TECHNOLOGY AND ART.
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IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt1PRAIRIE PLAINS RESOURCE INSTITUTE
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt2ST MICHAEL'S SCHOOL
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IRS990ScheduleD/OtherSecuritiesGrp/Desc1CASH & CASH EQUIVALENTS
IRS990ScheduleD/OtherSecuritiesGrp/Desc2BONDS AND U.S. TREASURY NOTES
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IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0COLLEGE SCHOLARSHIPS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt1EF EDUCATIONAL TOURS
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IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt2BOONE COUNTY FOUNDATION FUND
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt01307 L STREET
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt1605 S 6TH STREET
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt2PO BOX 66
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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/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02022-09-23 18:48:47Z
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ReturnHeader/ReturnTs02021-10-14T13:11:41-05:00
ReturnHeader/ReturnTypeCd0990
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ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0KUSEK
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ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

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
$3,474,449
Liabilities
$0
Net assets
$3,474,449
Revenue
$222,795
Expenses
$128,373
Net income
$94,422
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
2020Detailed filing. Detailed filing data is available for this year.$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
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$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