Civic Intelligence

Milford Schools Foundation

EIN 47-0830054 • 501(c)3 • Milford, NE

Profile

Provide scholarships to graduates of milford public schools as well as provide enhanced educational opportunities for current students.

1200 West 1stMilford, NE 68405

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

29th percentile

0.01x

Higher debt load relative to assets than 29% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

45th percentile

0.05x

Higher debt load relative to revenue than 45% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

95th percentile

72%

Higher net margin than 95% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

40th percentile

$0

Higher top officer pay than 40% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

62nd percentile

8.3%

Faster asset growth than 62% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

77th percentile

35%

Faster revenue growth than 77% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Up

$3,638,014

Up $278,246 (+8.3%) from 2023

Liabilities

Flat

$20,000

Flat from 2023

Net Assets

Up

$3,618,014

Up $278,246 (+8.3%) from 2023

Revenue

Up

$389,066

Up $101,334 (+35%) from 2023

Expenses

Down

$110,820

Down $58,710 (-35%) from 2023

Net Income

Up

$278,246

Up $160,044 (+135%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$4.0M$3.0M$2.0M$1.0M$0Assets 2011: $419,564Liabilities 2011: $02011Assets 2013: $567,879Liabilities 2013: $0Net Assets 2013: $567,8792013Assets 2014: $2,135,787Liabilities 2014: $0Net Assets 2014: $2,135,7872014Assets 2015: $2,167,263Liabilities 2015: $0Net Assets 2015: $2,167,2632015Assets 2016: $2,305,595Liabilities 2016: $0Net Assets 2016: $2,305,5952016Assets 2017: $2,582,330Liabilities 2017: $20,000Net Assets 2017: $2,562,3302017Assets 2018: $2,537,315Liabilities 2018: $20,000Net Assets 2018: $2,517,3152018Assets 2019: $2,917,036Liabilities 2019: $20,000Net Assets 2019: $2,897,0362019Assets 2020: $3,120,958Liabilities 2020: $20,000Net Assets 2020: $3,100,9582020Assets 2021: $3,524,665Liabilities 2021: $20,000Net Assets 2021: $3,504,6652021Assets 2022: $3,241,566Liabilities 2022: $20,000Net Assets 2022: $3,221,5662022Assets 2023: $3,359,768Liabilities 2023: $20,000Net Assets 2023: $3,339,7682023Assets 2024: $3,638,014Liabilities 2024: $20,000Net Assets 2024: $3,618,0142024

Highlighted filing

2024

Assets$3,638,014
Liabilities$20,000
Net Assets$3,618,014

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$2.0M$1.5M$1.0M$500K$0-$500KRevenue 2011: $31,316Expenses 2011: $24,434Net Income 2011: $6,8822011Revenue 2013: $177,607Expenses 2013: $33,245Net Income 2013: $144,3622013Revenue 2014: $1,673,422Expenses 2014: $105,514Net Income 2014: $1,567,9082014Revenue 2015: $112,487Expenses 2015: $133,319Net Income 2015: -$20,8322015Revenue 2016: $238,833Expenses 2016: $100,501Net Income 2016: $138,3322016Revenue 2017: $354,197Expenses 2017: $97,462Net Income 2017: $256,7352017Revenue 2018: $127,388Expenses 2018: $172,403Net Income 2018: -$45,0152018Revenue 2019: $476,960Expenses 2019: $97,239Net Income 2019: $379,7212019Revenue 2020: $305,684Expenses 2020: $101,762Net Income 2020: $203,9222020Revenue 2021: $510,763Expenses 2021: $107,056Net Income 2021: $403,7072021Revenue 2022: $140,786Expenses 2022: $423,885Net Income 2022: -$283,0992022Revenue 2023: $287,732Expenses 2023: $169,530Net Income 2023: $118,2022023Revenue 2024: $389,066Expenses 2024: $110,820Net Income 2024: $278,2462024

Highlighted filing

2024

Revenue$389,066
Expenses$110,820
Net Income$278,246

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Oct 27, 2025
Return Version
2024v5.2
Gross Receipts
$389,066
Mission and Program Overview

Mission

Provide scholarships to graduates of milford public schools as well as provide enhanced educational opportunities for current students.

Provide scholarships and educational opportunities to graduates of milford public schools as well as provide opportunities to enhance educational opportunities for current students.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$3,339,768$3,618,014▲ $278,246
Investments Program Related$2,621,629$2,858,599▲ $236,970
Cash and Non-Interest-Bearing Accounts$513,908$555,184▲ $41,276
Savings and Temporary Cash Investments$224,231$224,231→ $0
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$3,359,768$3,638,014▲ $278,246
Liabilities
Accounts Payable and Accrued Expenses$20,000$20,000→ $0
Total Liabilities$20,000$20,000→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$3,339,768$3,618,014▲ $278,246
Total Liabilities and Net Assets / Fund Balance$3,359,768$3,638,014▲ $278,246

Asset Categories

AssetBook ValueDepreciationBasis
Investment Program Related Org$279,588--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Larry HeyenPresident
Christine TruheBoard Member
Dave WelschBoard Member
Greg DunlapBoard Member
Kevin WingardBoard Member
Mitch KubicekBoard Member
Robert L WerginBoard Member
Dee ErbSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$101,337
Program Service Revenue
$166,493
Investment Income
$121,236
Other Revenue
$0
All Other Contributions
$101,337
Change in Net Assets
$278,246
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$65,100
Other Expenses$45,720
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$65,100--$65,100
Fees for Service Investment Mgmnt Fees$25,269--$25,269
Office Expenses$2,151--$2,151
Other Expenses$1,960--$1,960
Fees for Services Accounting$480--$480
Total Functional Expenses$110,820$0$0$110,820
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 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
Yes
Other officer compensation reviewed
Yes
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 B, Line 11B

The governing board members review form 990 and approve the filing.

Form 990, Part VI, Section B, Line 15

Governing board members are volunteers and non-paid positions.

Form 990, Part VI, Section C, Line 19

All governing documents and financial statements are available to members and the general public upon request.

Filing and Contact Details

Filer

Filer Name
Milford Schools Foundation
EIN
47-0830054
Phone
4027613321
Address
1200 WEST 1ST, MILFORD, NE 68405

Signing Officer

Name
Mitch Kubicek
Title
Board Member
Phone
4027613321
Signed
2025-10-27
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Larry Heyen
Formed
1998
Legal Domicile
Ne
Voting Board Members
8
Independent Board Members
8
Employees
0
Volunteers
8

Preparer

Firm
Sp Group Pc
Address
1230 ARIES DRIVE SUITE A, LINCOLN, NE 68512
Preparer
David E Swan
Phone
4024207758
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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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE GOVERNING BOARD MEMBERS REVIEW FORM 990 AND APPROVE THE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1GOVERNING BOARD MEMBERS ARE VOLUNTEERS AND NON-PAID POSITIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ALL GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE TO MEMBERS AND THE GENERAL PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt03359768
IRS990/TotalAssetsEOYAmt03638014
IRS990/TotalAssetsGrp/BOYAmt03359768
IRS990/TotalAssetsGrp/EOYAmt03638014
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0101337
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0110820
IRS990/TotalFunctionalExpensesGrp/TotalAmt0110820
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt020000
IRS990/TotalLiabilitiesEOYAmt020000
IRS990/TotalLiabilitiesGrp/BOYAmt020000
IRS990/TotalLiabilitiesGrp/EOYAmt020000
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt03339768
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt03618014
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0110820
IRS990/TotalProgramServiceRevenueAmt0166493
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0287729
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0389066
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt08
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt03359768
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt03638014
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01914 HOLDREGE RD
IRS990/USAddress/CityNm0PLEASANT DALE
IRS990/USAddress/StateAbbreviationCd0NE
IRS990/USAddress/ZIPCd068423
IRS990/VotingMembersGoverningBodyCnt08
IRS990/VotingMembersIndependentCnt08
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0MITCH KUBICEK
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0BOARD MEMBER
ReturnHeader/BusinessOfficerGrp/PhoneNum04027613321
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-10-27
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MILFORD SCHOOLS FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0MILF
ReturnHeader/Filer/EIN0470830054
ReturnHeader/Filer/PhoneNum04027613321
ReturnHeader/Filer/USAddress/AddressLine1Txt01200 WEST 1ST
ReturnHeader/Filer/USAddress/CityNm0MILFORD
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NE
ReturnHeader/Filer/USAddress/ZIPCd068405
ReturnHeader/IRSResponsiblePrtyInfoCurrInd01
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0200424669
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0SP GROUP PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01230 ARIES DRIVE SUITE A
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0LINCOLN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd068512
ReturnHeader/PreparerPersonGrp/PhoneNum04024207758
ReturnHeader/PreparerPersonGrp/PreparationDt02025-10-27
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DAVID E SWAN
ReturnHeader/ReturnTs02025-10-28T16:49:31-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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