Civic Intelligence

Polk County Foundation Inc.

990 • Fiscal year 2017 • EIN 47-0789096

Jan 01, 2017 to Dec 31, 2017 • Filed on Apr 16, 2018

236 N State StOsceola, NE 68651

(402) 747-3381

Siviq Scores

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

Liabilities / Assets

22nd percentile

0.00x

Higher debt load relative to assets than 22% of similar nonprofits.

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

Liabilities / Revenue

46th percentile

0.08x

Higher debt load relative to revenue than 46% of similar nonprofits.

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

Net Margin

12th percentile

-23%

Higher net margin than 12% 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

33rd percentile

-1.3%

Faster asset growth than 33% of similar nonprofits.

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

Revenue Growth

62nd percentile

11%

Faster revenue growth than 62% of similar nonprofits.

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

Assets

Down

$1,189,471

Down $15,851 (-1.3%) from 2016

Net Assets

Down

$1,183,762

Down $16,311 (-1.4%) from 2016

Liabilities

Up

$5,709

Up $460 (+8.8%) from 2016

Revenue

Up

$70,623

Up $6,751 (+11%) from 2016

Expenses

Up

$86,934

Up $29,951 (+53%) from 2016

Net Income

Down

-$16,311

Down $23,200 (-337%) from 2016

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2010: $891,715Liabilities 2010: $5,125Net Assets 2010: $886,5902010Assets 2011: $936,337Liabilities 2011: $5,619Net Assets 2011: $930,7182011Assets 2012: $941,190Liabilities 2012: $5,106Net Assets 2012: $936,0842012Assets 2013: $1,246,140Liabilities 2013: $5,356Net Assets 2013: $1,240,7842013Assets 2014: $1,234,739Liabilities 2014: $5,606Net Assets 2014: $1,229,1332014Assets 2015: $1,198,362Liabilities 2015: $5,178Net Assets 2015: $1,193,1842015Assets 2016: $1,205,322Liabilities 2016: $5,249Net Assets 2016: $1,200,0732016Assets 2017: $1,189,471Liabilities 2017: $5,709Net Assets 2017: $1,183,7622017Assets 2018: $1,256,952Liabilities 2018: $5,504Net Assets 2018: $1,251,4482018Assets 2019: $1,180,876Liabilities 2019: $2,324Net Assets 2019: $1,178,5522019Assets 2020: $1,191,959Liabilities 2020: $5,324Net Assets 2020: $1,186,6352020Assets 2021: $1,266,414Liabilities 2021: $1,324Net Assets 2021: $1,265,0902021Assets 2022: $1,312,651Liabilities 2022: $1,324Net Assets 2022: $1,311,3272022Assets 2023: $1,364,672Liabilities 2023: $0Net Assets 2023: $1,364,6722023Assets 2024: $1,365,655Liabilities 2024: $0Net Assets 2024: $1,365,6552024Assets 2025: $1,376,912Liabilities 2025: $0Net Assets 2025: $1,376,9122025

Highlighted filing

2017

Assets$1,189,471
Liabilities$5,709
Net Assets$1,183,762

Operations Trend

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

$400K$200K$0-$200KExpenses 2010: $48,2472010Expenses 2011: $33,7562011Expenses 2012: $60,8212012Revenue 2013: $384,806Expenses 2013: $80,106Net Income 2013: $304,7002013Revenue 2014: $92,506Expenses 2014: $104,157Net Income 2014: -$11,6512014Revenue 2015: $73,768Expenses 2015: $109,717Net Income 2015: -$35,9492015Revenue 2016: $63,872Expenses 2016: $56,983Net Income 2016: $6,8892016Revenue 2017: $70,623Expenses 2017: $86,934Net Income 2017: -$16,3112017Revenue 2018: $110,450Expenses 2018: $42,764Net Income 2018: $67,6862018Revenue 2019: $109,348Expenses 2019: $182,244Net Income 2019: -$72,8962019Revenue 2020: $88,268Expenses 2020: $80,185Net Income 2020: $8,0832020Revenue 2021: $135,692Expenses 2021: $57,237Net Income 2021: $78,4552021Revenue 2022: $97,404Expenses 2022: $50,003Net Income 2022: $47,4012022Revenue 2023: $74,384Expenses 2023: $67,427Net Income 2023: $6,9572023Revenue 2024: $122,226Expenses 2024: $121,243Net Income 2024: $9832024Revenue 2025: $99,004Expenses 2025: $87,747Net Income 2025: $11,2572025

Highlighted filing

2017

Revenue$70,623
Expenses$86,934
Net Income-$16,311
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Apr 16, 2018
Return Version
2017v2.3
Gross Receipts
$70,623
Mission and Program Overview

Mission

The polk county foundation's mission is to receive, administer, and disburse funds for charitable and educational purposes for the mental, moral, intellectural, and physical improvement of the inhabitants of polk county nebraska

The polk county foundation's mission is to receive, administer, and disburse funds for charitable and educational purposes for the mental, moral, intellectual, and physical improvement of the inhabitants of polk county, nebraska.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$1,200,073$1,183,762▼ $16,311
Cash and Non-Interest-Bearing Accounts$996,927$973,382▼ $23,545
Savings and Temporary Cash Investments$208,395$216,089▲ $7,694
Total Assets$1,205,322$1,189,471▼ $15,851
Liabilities
Accounts Payable and Accrued Expenses$3,425$3,636▲ $211
Grants Payable$1,824$2,073▲ $249
Total Liabilities$5,249$5,709▲ $460
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,200,073$1,183,762▼ $16,311
Total Liabilities and Net Assets / Fund Balance$1,205,322$1,189,471▼ $15,851
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$55,805
Program Service Revenue
$0
Investment Income
$14,818
Other Revenue
$0
All Other Contributions
$55,805
Change in Net Assets
$-16,311
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$77,492
Other Expenses$9,442
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$64,492--$64,492
Grants to Domestic Individuals$13,000--$13,000
Fees for Service Investment Mgmnt Fees-$5,116-$5,116
Fees for Services Accounting-$3,000-$3,000
Advertising-$714-$714
Office Expenses-$488-$488
Occupancy-$124-$124
Total Functional Expenses$77,492$9,442$0$86,934
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
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
Yes
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 6

MEMBERS

Form 990, Page 6, Part VI, Line 7A

New members are elected by the current members at the annual meeting by a majority vote.

Form 990, Page 6, Part VI, Line 7B

The polk county foundation has a grants committee that meets at the end of each quarter to discuss grants submitted during the quarter to make sure they meet the governing guidelines set forth upon application to the foundation for the grant request. The committee decides upon each grant while staying in their predetermined budget for the year.

Form 990, Page 6, Part VI, Line 9

Julie allison doug rathjen po box 684 osceola, ne 68651 ron colling sherry oberg doug burritt gene bartak brian beckner marie brown nancy bryan kathie carlstrom katherine cogdill steve dubas jenni erhart leroy gerrard fred guggenmos daniel hayes brent hollinger jeff hohnholt dr david jameson renee johansen cheryl jones jean kamrath michaela klein jeff kuhnel doug lamoree heather lindsley troy lindsley mary jane nyberg tim pallas james papik steven peterson julie reiter steve rinehart dr cameron sidak chip kay sandy thompson ryan twogood dr nitha white jeff willis chelsey tonniges darin sterup chris tordrup shelly nekl ben berggren mitch greenwall mary stevens christopher young brian tonniges

Form 990, Page 6, Part VI, Line 11B

Copy of return is reveiwed by the treasurer and president prior to filing.

Form 990, Page 6, Part VI, Line 19

Appropriate governing documents are made available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Polk County Foundation Inc
EIN
47-0789096
Phone
4027473381
Address
236 N STATE ST, OSCEOLA, NE 68651

Signing Officer

Name
Ron Colling
Title
Treasurer
Phone
4027473381
Signed
2018-04-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Doug Rathjen
Formed
1980
Legal Domicile
Ne
Voting Board Members
51
Independent Board Members
51
Employees
0

Preparer

Firm
Gabriel Burger & Else CPA Pc
Address
236 N STATE ST, OSCEOLA, NE 68651-4472
Preparer
Jon J Tonniges
Phone
4027473381
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The polk county foundation's mission is to receive, administer, and disburse funds for charitable and educational purposes for the mental, moral, intellectual, and physical improvement of the inhabitants of polk county, nebraska.

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IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
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IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$1.38$0.00$1.38$0.10$0.09$0.01
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.37$0.00$1.37$0.12$0.12$0.00
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.36$0.00$1.36$0.07$0.07$0.01
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.31$0.00$1.31$0.10$0.05$0.05
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.27$0.00$1.27$0.14$0.06$0.08
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.19$0.01$1.19$0.09$0.08$0.01
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.18$0.00$1.18$0.11$0.18$0.07
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.26$0.01$1.25$0.11$0.04$0.07
2017Detailed filing. Detailed filing data is available for this year.$1.19$0.01$1.18$0.07$0.09$0.02
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.21$0.01$1.20$0.06$0.06$0.01
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.20$0.01$1.19$0.07$0.11$0.04
2014Detailed filing. Detailed filing data is available for this year.$1.23$0.01$1.23$0.09$0.10$0.01
2013Detailed filing. Detailed filing data is available for this year.$1.25$0.01$1.24$0.38$0.08$0.30
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.94$0.01$0.94$0.06
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.94$0.01$0.93$0.03
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.89$0.01$0.89$0.05
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2017 filings • 501(c)3 • $1M-$5M nonprofits