Civic Intelligence

Franklin County Community Foundation

990 • Fiscal year 2023 • EIN 47-0785730

Jan 01, 2023 to Dec 31, 2023 • Filed on Nov 22, 2024

PO Box 173Franklin, NE 68939

(308) 425-6215

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

72nd percentile

0.26x

Higher debt load relative to assets than 72% of similar nonprofits.

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

Liabilities / Revenue

99th percentile

11.79x

Higher debt load relative to revenue than 99% of similar nonprofits.

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

Net Margin

16th percentile

-19%

Higher net margin than 16% 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

87th percentile

43%

Faster asset growth than 87% of similar nonprofits.

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

Revenue Growth

12th percentile

-32%

Faster revenue growth than 12% of similar nonprofits.

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

Assets

Up

$1,478,934

Up $447,250 (+43%) from 2022

Net Assets

$1,100,233

No earlier filing loaded for comparison.

Liabilities

Up

$378,701

Up $378,700 (+37870000%) from 2022

Revenue

Down

$32,117

Down $14,909 (-32%) from 2022

Expenses

Down

$38,340

Down $18,862 (-33%) from 2022

Net Income

Up

-$6,223

Up $3,953 (+39%) from 2022

Historical Trend

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0Assets 2011: $986,173Liabilities 2011: $344,061Net Assets 2011: $642,1122011Assets 2012: $1,252,912Liabilities 2012: $433,613Net Assets 2012: $819,2992012Assets 2013: $1,242,258Liabilities 2013: $411,873Net Assets 2013: $830,3852013Assets 2014: $1,315,355Liabilities 2014: $468,705Net Assets 2014: $846,6502014Assets 2015: $822,193Liabilities 2015: $02015Assets 2019: $1,122,052Liabilities 2019: $02019Assets 2020: $1,178,620Liabilities 2020: $12020Assets 2021: $1,197,579Liabilities 2021: $0Net Assets 2021: $1,197,5792021Assets 2022: $1,031,684Liabilities 2022: $12022Assets 2023: $1,478,934Liabilities 2023: $378,701Net Assets 2023: $1,100,2332023Assets 2024: $1,642,265Liabilities 2024: $494,545Net Assets 2024: $1,147,7202024

Highlighted filing

2023

Assets$1,478,934
Liabilities$378,701
Net Assets$1,100,233

Operations Trend

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

$300K$200K$100K$0-$100KRevenue 2011: $22,058Expenses 2011: $24,875Net Income 2011: -$2,8172011Revenue 2012: $204,297Expenses 2012: $27,110Net Income 2012: $177,1872012Revenue 2013: $37,679Expenses 2013: $26,593Net Income 2013: $11,0862013Revenue 2014: $39,332Expenses 2014: $23,067Net Income 2014: $16,2652014Revenue 2015: $30,245Expenses 2015: $27,945Net Income 2015: $2,3002015Revenue 2019: $274,729Expenses 2019: $50,161Net Income 2019: $224,5682019Revenue 2020: $41,936Expenses 2020: $51,334Net Income 2020: -$9,3982020Revenue 2021: $62,941Expenses 2021: $53,554Net Income 2021: $9,3872021Revenue 2022: $47,026Expenses 2022: $57,202Net Income 2022: -$10,1762022Revenue 2023: $32,117Expenses 2023: $38,340Net Income 2023: -$6,2232023Revenue 2024: $73,730Expenses 2024: $45,920Net Income 2024: $27,8102024

Highlighted filing

2023

Revenue$32,117
Expenses$38,340
Net Income-$6,223
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 22, 2024
Return Version
2023v5.1
Gross Receipts
$36,690
Mission and Program Overview

Mission

NONE

To provide a fiscal intermediary that might direct scholarships for the franklin public schools.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$1,332,207$1,380,679▲ $48,472
Cash and Non-Interest-Bearing Accounts$70,413$98,255▲ $27,842
Total Assets$1,402,620$1,478,934▲ $76,314
Liabilities
Other Liabilities$370,936$378,701▲ $7,765
Total Liabilities$370,936$378,701▲ $7,765
Net Assets / Fund Balance
Net Assets With Donor Restrictions$984,083$1,046,021▲ $61,938
Net Assets Without Donor Restrictions$47,601$54,212▲ $6,611
Total Net Assets Fund Balance$1,031,684$1,100,233▲ $68,549
Total Liabilities and Net Assets / Fund Balance$1,402,620$1,478,934▲ $76,314
Compensation and Service Providers

Board Members and Trustees

NameTitle
Jerrell GerdesPresident
Kim GramsDirector
Shelley KahrsDirector
Bernie StratmanDirector (from Aug)
Wayne HinrichSecretary (thru July)
Tom MooreTreasurer
Stuart WilsmanVP
Revenue and Support

Revenue Composition

Contributions and Grants
$6,315
Program Service Revenue
$0
Investment Income
$25,802
Other Revenue
$0
All Other Contributions
$6,315
Change in Net Assets
$-6,223
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$21,176
Other Expenses$17,164
Total Fundraising Expense$747
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$21,176--$21,176
Fees for Services Legal-$7,380-$7,380
Fees for Service Investment Mgmnt Fees-$5,595-$5,595
Fees for Services Accounting-$2,095-$2,095
Fees for Services Other-$700$300$1,000
Advertising--$311$311
Conferences and Meetings--$136$136
Other Expenses-$100-$100
Office Expenses-$47-$47
Total Functional Expenses$21,176$16,417$747$38,340
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Beneficiaries$378,701
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Audit committee
No
Backup withholding compliance
Yes
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, Part VI, Section A, Line 1A

All members have the same voting rights.

Form 990, Part VI, Section A, Line 2

The bylaws have made provision for an executive committee, but one has not been created.

Form 990, Part VI, Section A, Line 2

Jerrell gerdes and shelley kahrs have a family relationship.

Form 990, Part VI, Section A, Line 6

Membership in the corporation is open to all persons who shall contribute $100.00 or more in unrestricted funds to the corporation. Each member is entitled to one vote on all issues which may come before the membership.

Form 990, Part VI, Section A, Line 8B

The foundation does not have committees with authority to act on behalf of the governing body.

Form 990, Part VI, Section B, Line 11B

The president will review completed form 990 and provide a final draft to the governing board before filing.

Form 990, Part VI, Section B, Line 15

The organization does not compensate any individuals.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Franklin County Community Foundation
EIN
47-0785730
Phone
3084256215
Address
PO BOX 173, FRANKLIN, NE 68939

Signing Officer

Name
Jerrell Gerdes
Title
President
Phone
3084256215
Signed
2024-11-22
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jerrell Gerdes
Formed
1994
Legal Domicile
Ne
Voting Board Members
6
Independent Board Members
6
Employees
0
Volunteers
7

Preparer

Firm
Eide Bailly Llp
Address
800 NICOLLET MALL STE 1300, MINNEAPOLIS, MN 55402-7033
Preparer
Kim Hunwardsen CPA
Phone
6122536500
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IRS990ScheduleA/FactsAndCircumstancesTestTxt0FRANKLIN COUNTY COMMUNITY FOUNDATION MAINTAINS A CONTINUOUS AND BONA FIDE PROGRAM FOR SOLICITING CONTRIBUTIONS AND CARRIES ON ACTIVITIES DESIGNED TO ATTRACT SUPPORT FROM THE GENERAL PUBLIC. MORE THAN 10% OF THE ORGANIZATION'S SUPPORT COMES FROM THE PUBLIC. THE ORGANIZATION IS FOCUSED ON GETTING CONTRIBUTIONS FROM A BROADER BASE OF DONORS.THE ORGANIZATION'S GOVERNING BODY REPRESENTS THE BROAD INTEREST OF THE PUBLIC AND INCLUDES TWO BOARD MEMBERS WHO HAVE PARTICIPATED ON THE BOARD SINCE 1994. THE BOARD IS COMPRISED OF PEOPLE FROM DIVERSE BACKGROUNDS AND UNIQUE EXPERTISE IN HOSPITAL ADMINISTRATION, NURSING HOME ADMINISTRATION, FARMING, BANKING, AND PUBLIC SCHOOL ADMINISTRATION.FRANKLIN COUNTY COMMUNITY FOUNDATION MAINTAINS A DEFINITIVE PROGRAM TO ACCOMPLISH ITS CHARITABLE WORK, BY FOCUSING ON BUILDING PERMANENT RELATIONSHIPS WITH BOTH DONORS AND CHARITABLE ENTITIES TO PROVIDE GRANTS AND SCHOLARSHIPS TO THE LOCAL COMMUNITY.FRANKLIN COUNTY COMMUNITY FOUNDATION PROVIDES SERVICES THAT DIRECTLY BENEFIT THE GENERAL PUBLIC ON A CONTINUOUS BASIS. THEY PROVIDE A VEHICLE FOR LOCAL CITIZENS FROM EVERY WALK OF LIFE, REGARDLESS OF INCOME, TO GIVE DONATIONS TO PROVIDE FINANCIAL SUPPORT TO BOTH GRADUATING HIGH SCHOOL STUDENTS AND NONTRADITIONAL STUDENTS. THEY MANAGE MORE THAN 165 ENDOWED FUNDS THAT PROVIDE FUNDING FOR THE BETTERMENT OF FRANKLIN COUNTY AND ITS RESIDENTS.MEMBERS OF THE PUBLIC THAT HAVE SPECIAL KNOWLEDGE OR EXPERTISE, CIVIC AND COMMUNITY LEADERS PARTICIPATE IN OR SPONSOR PROGRAMS OF THE ORGANIZATION. THESE INCLUDE THE FRANKLIN COUNTY ATTORNEY, WHO VOLUNTEERS LEGAL SERVICES FOR THE FOUNDATION AND THE HEAD AUDITOR FOR SOUTH CENTRAL STATE BANK, WHO PROVIDES BOOKKEEPING SERVICES FOR THE FOUNDATION.
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IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION DETERMINES IF THE SCHOLARSHIP REQUIREMENTS ARE MET AND PAYS THE SCHOLARSHIP FUNDS DIRECTLY TO THE COLLEGE, UNIVERSITY, OR TRADE SCHOOL. NO FURTHER MONITORING IS CONSIDERED NECESSARY.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ALL MEMBERS HAVE THE SAME VOTING RIGHTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BYLAWS HAVE MADE PROVISION FOR AN EXECUTIVE COMMITTEE, BUT ONE HAS NOT BEEN CREATED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2JERRELL GERDES AND SHELLEY KAHRS HAVE A FAMILY RELATIONSHIP.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3MEMBERSHIP IN THE CORPORATION IS OPEN TO ALL PERSONS WHO SHALL CONTRIBUTE $100.00 OR MORE IN UNRESTRICTED FUNDS TO THE CORPORATION. EACH MEMBER IS ENTITLED TO ONE VOTE ON ALL ISSUES WHICH MAY COME BEFORE THE MEMBERSHIP.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE FOUNDATION DOES NOT HAVE COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE PRESIDENT WILL REVIEW COMPLETED FORM 990 AND PROVIDE A FINAL DRAFT TO THE GOVERNING BOARD BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE ORGANIZATION DOES NOT COMPENSATE ANY INDIVIDUALS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 1A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0NE
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01402620
IRS990/TotalAssetsEOYAmt01478934
IRS990/TotalAssetsGrp/BOYAmt01402620
IRS990/TotalAssetsGrp/EOYAmt01478934
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt06315
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt0747
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt016417
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt021176
IRS990/TotalFunctionalExpensesGrp/TotalAmt038340
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0370936
IRS990/TotalLiabilitiesEOYAmt0378701
IRS990/TotalLiabilitiesGrp/BOYAmt0370936
IRS990/TotalLiabilitiesGrp/EOYAmt0378701
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01031684
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01100233
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt021176
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt030375
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0-4573
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt032117
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt07
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01402620
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01478934
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 173
IRS990/USAddress/CityNm0FRANKLIN
IRS990/USAddress/StateAbbreviationCd0NE
IRS990/USAddress/ZIPCd068939
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0HTTPS://FCCFIN.ORG/
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02024-10-15 13:58:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0JERRELL GERDES
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum03084256215
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-11-22
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0FRANKLIN COUNTY COMMUNITY FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0FRAN
ReturnHeader/Filer/EIN0470785730
ReturnHeader/Filer/PhoneNum03084256215
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 173
ReturnHeader/Filer/USAddress/CityNm0FRANKLIN
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NE
ReturnHeader/Filer/USAddress/ZIPCd068939
ReturnHeader/IRSResponsiblePrtyInfoCurrInd01
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0450250958
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0EIDE BAILLY LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0800 NICOLLET MALL STE 1300
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MINNEAPOLIS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0554027033
ReturnHeader/PreparerPersonGrp/PhoneNum06122536500
ReturnHeader/PreparerPersonGrp/PreparationDt02024-11-06
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0KIM HUNWARDSEN CPA
ReturnHeader/ReturnTs02024-11-22T09:38:07-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

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