Civic Intelligence

Albion Education Foundation

990 • Fiscal year 2022 • EIN 47-0740498

Jan 01, 2022 to Dec 31, 2022 • Filed on May 12, 2023

Organization ProfileNONE
PO Box 45Albion, NE 68620

(402) 395-5160

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.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

17th percentile

0.00x

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

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

3rd percentile

-138%

Higher net margin than 3% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

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.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Asset Growth

32nd percentile

-4.2%

Faster asset growth than 32% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

5th percentile

-58%

Faster revenue growth than 5% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets17th percentile

Assets

Down

$3,443,172

Down $152,804 (-4.2%) from 2021

Net Assets

Down

$3,443,172

Down $152,804 (-4.2%) from 2021

Liabilities

Flat

$0

Flat from 2021

Revenue And Expenses
Liabilities / Revenue17th percentileNet Margin3rd percentile

Revenue

Down

$110,949

Down $155,832 (-58%) from 2021

Expenses

Up

$263,753

Up $118,499 (+82%) from 2021

Net Income

Down

-$152,804

Down $274,331 (-226%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth32nd 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

2022

Assets$3,443,172
Liabilities$0
Net Assets$3,443,172
Open 2022 Filing

Operations Trend

Revenue Growth5th 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

2022

Revenue$110,949
Expenses$263,753
Net Income-$152,804
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
May 12, 2023
Return Version
2022v5.0
Gross Receipts
$873,263
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$3,595,976$3,443,172▼ $152,804
Investments Other Securities$2,887,562$2,675,888▼ $211,674
Other Notes and Loans Receivable, Net$585,966$568,058▼ $17,908
Cash and Non-Interest-Bearing Accounts$122,448$114,407▼ $8,041
Savings and Temporary Cash Investments-$84,819-
Total Assets$3,595,976$3,443,172▼ $152,804
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$3,595,976$3,443,172▼ $152,804
Total Liabilities and Net Assets / Fund Balance$3,595,976$3,443,172▼ $152,804

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$286,143--
Compensation and Service Providers
Top Officer Pay39th 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
$77,591
Program Service Revenue
$7,044
Investment Income
$26,314
Other Revenue
$0
All Other Contributions
$77,591
Change in Net Assets
$-152,804
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$232,233
Other Expenses$31,520
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$165,135--$165,135
Grants to Domestic Individuals$67,098--$67,098
Fees for Service Investment Mgmnt Fees-$30,458-$30,458
Other Expenses-$653-$653
Office Expenses$116$116-$232
Insurance-$165-$165
Fees for Services Other-$12-$12
Total Functional Expenses$232,349$31,404$0$263,753
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Boone Central Public SchoolAlbion, NE-Educational Developm$11,095
Prairie Plains Resource InstituteAurora, NE-Olson Nature Preserv$7,000
Petersburg Community Foundation IncPetersburg, NE-Return of Donor Fund-
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
4023955160
Address
PO BOX 45, ALBION, NE 68620

Signing Officer

Name
Carol Kusek
Title
President
Phone
4023955160
Signed
2023-05-12

Organization Details

Principal Officer
Carol Kusek
Formed
1991
Legal Domicile
Ne
Voting Board Members
7
Independent Board Members
7
Employees
0

Preparer

Firm
Mueller & Honcik Pc
Address
1365 24TH AVENUE STE 100, COLUMBUS, NE 68601-5025
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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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.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART IV, SECTION A, LINE 1
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc1PART IV, SECTION B, LINE 2
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IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt30
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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
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt3BOONE COUNTY FOUNDATION FUND
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine2Txt0BOONE CENTRAL PUBLIC SCHOOLS
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine2Txt1PRAIRIE PLAINS RESOURCE INSTITUTE
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine2Txt2ST MICHAEL'S SCHOOL
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine2Txt3BOONE COUNTY FOUNDATION FUND
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IRS990ScheduleD/OtherSecuritiesGrp/Desc0COMMON STOCKS & MUTUAL FUNDS
IRS990ScheduleD/OtherSecuritiesGrp/Desc1CASH & CASH EQUIVALENTS
IRS990ScheduleD/OtherSecuritiesGrp/Desc2BONDS AND U.S. TREASURY NOTES
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IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt122750
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt2648
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0COLLEGE SCHOLARSHIPS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt1EF EDUCATIONAL TOURS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt2THE DOTTED DAISY
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt026
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IRS990ScheduleI/RecipientTable/CashGrantAmt111095
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt0141465
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0OLSON NATURE PRESERV
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1EDUCATIONAL DEVELOPM
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt2RETURN OF DONOR FUND
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0PRAIRIE PLAINS RESOURCE INSTITUTE
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1BOONE CENTRAL PUBLIC SCHOOL
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt2PETERSBURG COMMUNITY FOUNDATION INC
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt01307 L STREET
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt1605 S 6TH STREET
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt2PO BOX 28
IRS990ScheduleI/RecipientTable/USAddress/CityNm0AURORA
IRS990ScheduleI/RecipientTable/USAddress/CityNm1ALBION
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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
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 2, PART III, LINE 4D
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/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
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IRS990/TotalLiabilitiesGrp/EOYAmt00
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IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt03443172
IRS990/TotalOtherProgSrvcExpenseAmt013595
IRS990/TotalOtherProgSrvcGrantAmt013595
IRS990/TotalProgramServiceExpensesAmt0232349
IRS990/TotalProgramServiceRevenueAmt07044
IRS990/TotalRevenueGrp/ExclusionAmt091394
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IRS990/UponRequestInd0X
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IRS990/WebsiteAddressTxt0NONE
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/PersonNm0CAROL KUSEK
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum04023955160
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-05-12
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ReturnHeader/Filer/PhoneNum04023955160
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0470628029
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0MUELLER & HONCIK PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01365 24TH AVENUE STE 100
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0COLUMBUS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0686015025

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,443,172
Liabilities
$0
Net assets
$3,443,172
Revenue
$110,949
Expenses
$263,753
Net income
-$152,804
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
2022Detailed filing. Detailed filing data is available for this year.$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
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