Civic Intelligence

Albion Education Foundation

990 • Fiscal year 2023 • EIN 47-0740498

Jan 01, 2023 to Dec 31, 2023 • Filed on Nov 13, 2024

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.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

17th percentile

0.00x

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

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

71st percentile

17%

Higher net margin than 71% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

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.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

40th percentile

1.0%

Faster asset growth than 40% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

89th percentile

82%

Faster revenue growth than 89% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets17th percentile

Assets

Up

$3,477,443

Up $34,271 (+1.0%) from 2022

Net Assets

Up

$3,477,443

Up $34,271 (+1.0%) from 2022

Liabilities

Flat

$0

Flat from 2022

Revenue And Expenses
Liabilities / Revenue17th percentileNet Margin71st percentile

Revenue

Up

$201,507

Up $90,558 (+82%) from 2022

Expenses

Down

$167,236

Down $96,517 (-37%) from 2022

Net Income

Up

$34,271

Up $187,075 (+122%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth40th 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

2023

Assets$3,477,443
Liabilities$0
Net Assets$3,477,443
Open 2023 Filing

Operations Trend

Revenue Growth89th 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

2023

Revenue$201,507
Expenses$167,236
Net Income$34,271
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 13, 2024
Return Version
2023v5.0
Gross Receipts
$605,989
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$3,443,172$3,477,443▲ $34,271
Investments Other Securities$2,675,888$2,923,358▲ $247,470
Other Notes and Loans Receivable, Net$568,058$458,323▼ $109,735
Savings and Temporary Cash Investments$84,819$69,825▼ $14,994
Cash and Non-Interest-Bearing Accounts$114,407$25,937▼ $88,470
Total Assets$3,443,172$3,477,443▲ $34,271
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$3,443,172$3,477,443▲ $34,271
Total Liabilities and Net Assets / Fund Balance$3,443,172$3,477,443▲ $34,271

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$375,139--
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
Gay SandmanVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$48,849
Program Service Revenue
$6,454
Investment Income
$146,204
Other Revenue
$0
All Other Contributions
$48,849
Change in Net Assets
$34,271
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$133,107
Other Expenses$34,129
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$93,707--$93,707
Grants to Domestic Individuals$39,400--$39,400
Fees for Service Investment Mgmnt Fees-$31,162-$31,162
Fees for Services Accounting-$1,500-$1,500
Advertising-$348-$348
Office Expenses$121$122-$243
Insurance-$165-$165
Other Expenses-$28-$28
Fees for Services Other-$12-$12
Total Functional Expenses$133,228$34,008$0$167,236
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Boone Central Public SchoolAlbion, NE-Educational Developm$77,317
Prairie Plains Resource InstituteAurora, NE-Olson Nature Preserv$7,000
St Michaels SchoolAlbion, NE-Educational Develop$6,890
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
2024-11-13

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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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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IRS990ScheduleD/OtherSecuritiesGrp/Desc1CASH & CASH EQUIVALENTS
IRS990ScheduleD/OtherSecuritiesGrp/Desc2BONDS AND U.S. TREASURY NOTES
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3GOVERNING DOCUMENTS & FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,477,443
Liabilities
$0
Net assets
$3,477,443
Revenue
$201,507
Expenses
$167,236
Net income
$34,271
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
2023Detailed filing. Detailed filing data is available for this year.$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
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