Civic Intelligence

The USD 498 Foundation

990 • Fiscal year 2014 • EIN 48-1224971

Jul 01, 2013 to Jun 30, 2014 • Filed on Oct 15, 2014

Organization ProfileWWW.VALLEYHEIGHTS.ORG
PO Box 1066548

(785) 363-2398

Siviq Scores

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

Liabilities / Assets

24th percentile

0.00x

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

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Liabilities / Revenue

24th percentile

0.00x

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

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Net Margin

25th percentile

-6.6%

Higher net margin than 25% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Top Officer Pay

47th percentile

$0

Higher top officer pay than 47% of similar nonprofits.

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

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Asset Growth

41st percentile

-0.2%

Faster asset growth than 41% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2013 to 2014

Revenue Growth

69th percentile

16%

Faster revenue growth than 69% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2011 to 2014

Balance Sheet
Liabilities / Assets24th percentile

Assets

Down

$999,621

Down $2,413 (-0.2%) from 2013

Net Assets

Down

$999,621

Down $2,413 (-0.2%) from 2013

Liabilities

Flat

$0

Flat from 2013

Revenue And Expenses
Liabilities / Revenue24th percentileNet Margin25th percentile

Revenue

$36,393

No earlier filing loaded for comparison.

Expenses

Up

$38,806

Up $15,667 (+68%) from 2013

Net Income

-$2,413

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth41st percentile

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

$1.5M$1.0M$500K$0Assets 2010: $445,905Net Assets 2010: $445,9052010Assets 2011: $442,350Liabilities 2011: $02011Assets 2012: $927,478Liabilities 2012: $0Net Assets 2012: $927,4782012Assets 2013: $1,002,034Liabilities 2013: $0Net Assets 2013: $1,002,0342013Assets 2014: $999,621Liabilities 2014: $0Net Assets 2014: $999,6212014Assets 2015: $1,019,461Liabilities 2015: $99Net Assets 2015: $1,019,3622015Assets 2016: $971,997Liabilities 2016: $0Net Assets 2016: $971,9972016Assets 2017: $1,003,728Liabilities 2017: $0Net Assets 2017: $1,003,7282017Assets 2018: $1,038,102Liabilities 2018: $0Net Assets 2018: $1,038,1022018Assets 2019: $1,069,654Liabilities 2019: $0Net Assets 2019: $1,069,6542019Assets 2020: $1,063,513Liabilities 2020: $0Net Assets 2020: $1,063,5132020Assets 2021: $1,111,989Liabilities 2021: $0Net Assets 2021: $1,111,9892021Assets 2022: $1,167,755Liabilities 2022: $0Net Assets 2022: $1,167,7552022Assets 2023: $1,103,239Liabilities 2023: $7,944Net Assets 2023: $1,095,2952023Assets 2024: $1,106,859Liabilities 2024: $0Net Assets 2024: $1,106,8592024Assets 2025: $1,155,829Liabilities 2025: $0Net Assets 2025: $1,155,8292025

Highlighted filing

2014

Assets$999,621
Liabilities$0
Net Assets$999,621
Open 2014 Filing

Operations Trend

Revenue Growth69th percentile

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

$150K$100K$50K$0-$50K-$100KRevenue 2010: $29,652Expenses 2010: $61,081Net Income 2010: -$31,4292010Revenue 2011: $23,187Expenses 2011: $26,742Net Income 2011: -$3,5552011Expenses 2012: $26,9282012Expenses 2013: $23,1392013Revenue 2014: $36,393Expenses 2014: $38,806Net Income 2014: -$2,4132014Revenue 2015: $52,033Expenses 2015: $32,292Net Income 2015: $19,7412015Revenue 2016: -$7,570Expenses 2016: $39,795Net Income 2016: -$47,3652016Revenue 2017: $69,107Expenses 2017: $37,376Net Income 2017: $31,7312017Revenue 2018: $70,434Expenses 2018: $36,060Net Income 2018: $34,3742018Revenue 2019: $71,012Expenses 2019: $39,460Net Income 2019: $31,5522019Revenue 2020: $31,342Expenses 2020: $37,483Net Income 2020: -$6,1412020Revenue 2021: $75,694Expenses 2021: $27,218Net Income 2021: $48,4762021Revenue 2022: $110,501Expenses 2022: $54,735Net Income 2022: $55,7662022Revenue 2023: $21,395Expenses 2023: $93,855Net Income 2023: -$72,4602023Revenue 2024: $45,353Expenses 2024: $33,789Net Income 2024: $11,5642024Revenue 2025: $106,664Expenses 2025: $57,694Net Income 2025: $48,9702025

Highlighted filing

2014

Revenue$36,393
Expenses$38,806
Net Income-$2,413
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
Oct 15, 2014
Return Version
2013v3.1
Gross Receipts
$565,292
Mission and Program Overview

Mission

The usd 498 foundation's primary exempt purpose is to provide usd 498 seniors with scholarships.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$853,381$881,529▲ $28,148
Savings and Temporary Cash Investments$119,248$95,152▼ $24,096
Cash and Non-Interest-Bearing Accounts$29,089$22,333▼ $6,756
Total Assets$1,002,034$999,621▼ $2,413
Other Assets Total$316$607▲ $291
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Permanently Rstr Net Assets$958,227$960,529▲ $2,302
Unrestricted Net Assets$41,248$34,665▼ $6,583
Temporarily Rstr Net Assets$2,559$4,427▲ $1,868
Total Net Assets Fund Balance$1,002,034$999,621▼ $2,413
Total Liabilities and Net Assets / Fund Balance$1,002,034$999,621▼ $2,413

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2013$960,786-▲ $34,336-$964,955
2012$894,357$60,661▲ $14,970$600$960,786
2011$438,645$500,975▼ $2,183$24,955$894,357
2010$440,763$337▲ $18,979$2,002$438,645
2009$450,881-▲ $13,649$6,078$440,763
Compensation and Service Providers
Top Officer Pay47th percentile

Board Members and Trustees

NameTitle
John SchwartzPresident
Bryce PorterBoard Member
Chad ParkerBoard Member
Kaci SmithBoard Member
Kenny SteinfortBoard Member
Richard NelsonBoard Member
Terry BlaserSecretary
Theresa MinihanTreasurer
David VermettenVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$1,867
Program Service Revenue
$0
Investment Income
$34,526
Other Revenue
$0
All Other Contributions
$1,867
Change in Net Assets
$-2,413
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$22,350
Other Expenses$16,456
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$22,350--$22,350
Fees for Services Accounting-$3,976-$3,976
Other Expenses$9$4-$4
Total Functional Expenses$25,659$13,147$0$38,806
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
Annual disclosure for covered persons
Yes
Backup withholding compliance
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
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

“Board members have access to the draft copy of the form 990 and can request additional information/clarification from the paid preparer. After the board of directors review and any necessary changes are made the form 990 is filed.”

Form 990, Page 6, Part VI, Line 12C

“Directors' conflict of interest statements are reviewed annually.”

Form 990, Page 6, Part VI, Line 19

“Governing documents can be made available to the public upon request.”

Filing and Contact Details

Filer

EIN
48-1224971
Phone
7853632398

Signing Officer

Name
John Schwartz
Title
President
Phone
7853632398
Signed
2014-10-15
Discuss with paid preparer
Yes

Organization Details

Formed
2000
Legal Domicile
Ks
Voting Board Members
9
Independent Board Members
9
Employees
0
Volunteers
9

Preparer

Preparer
Chad L Parker CPA
Phone
7855370190
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4D

“The usd 498 foundation's purpose is to support usd 498 with resources and to provide seniors with scholarships.”

Financial Statement Notes

Schedule D, Page 2, Part V, Line 4

“For projects in keeping with the purpose of the organization: scholarships, school projects in u.s.d. 498”

Raw XML Appendix392 raw XML fields

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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IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt0450881
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt0440763
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/GrantsOrScholarshipsAmt014200
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt013649
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/OtherExpendituresAmt06078
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd0false
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0true
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.99540
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0FOR PROJECTS IN KEEPING WITH THE PURPOSE OF THE ORGANIZATION: SCHOLARSHIPS, SCHOOL PROJECTS IN U.S.D. 498
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 2, PART V, LINE 4
IRS990ScheduleD/TermEndowmentBalanceEOYPct00.00460
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt022350
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0SCHOLARSHIPS
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE USD 498 FOUNDATION'S PURPOSE IS TO SUPPORT USD 498 WITH RESOURCES AND TO PROVIDE SENIORS WITH SCHOLARSHIPS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1BOARD MEMBERS HAVE ACCESS TO THE DRAFT COPY OF THE FORM 990 AND CAN REQUEST ADDITIONAL INFORMATION/CLARIFICATION FROM THE PAID PREPARER. AFTER THE BOARD OF DIRECTORS REVIEW AND ANY NECESSARY CHANGES ARE MADE THE FORM 990 IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DIRECTORS' CONFLICT OF INTEREST STATEMENTS ARE REVIEWED ANNUALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3GOVERNING DOCUMENTS CAN BE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine10USD 498 SCHOOL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0170C1
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0SCHOOLS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine10121 E COMMERCIAL ST PO BOX 89
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/City0WATERVILLE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/State0KS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCode066548
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0false
IRS990ScheduleR/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION IS A SUPPORTING ORGANIZATION OF USD 498 SCHOOLS.
IRS990ScheduleR/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE R
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt02559
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt04427
IRS990/TempOrPermanentEndowmentsInd0true
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01002034
IRS990/TotalAssetsEOYAmt0999621
IRS990/TotalAssetsGrp/BOYAmt01002034
IRS990/TotalAssetsGrp/EOYAmt0999621
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt01867
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt013147
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt025659
IRS990/TotalFunctionalExpensesGrp/TotalAmt038806
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01002034
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0999621
IRS990/TotalProgramServiceExpensesAmt025659
IRS990/TotalRevenueGrp/ExclusionAmt028468
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt06058
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt036393
IRS990/TotalVolunteersCnt09
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01002034
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0999621
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt041248
IRS990/UnrestrictedNetAssetsGrp/EOYAmt034665
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0WWW.VALLEYHEIGHTS.ORG
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02015-11-30 17:44:51Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JOHN SCHWARTZ
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum07853632398
ReturnHeader/BusinessOfficerGrp/SignatureDt02014-10-15
ReturnHeader/Filer/BusinessName/BusinessNameLine10THE USD 498 FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0USD4
ReturnHeader/Filer/EIN0481224971
ReturnHeader/Filer/PhoneNum07853632398
ReturnHeader/Filer/USAddress/AddressLine10PO BOX 10
ReturnHeader/Filer/USAddress/City0WATERVILLE
ReturnHeader/Filer/USAddress/State0KS
ReturnHeader/Filer/USAddress/ZIPCode066548
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0480787299
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine10SINK GORDON & ASSOCIATES LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine10COMMERCE BANK TOWER 6TH FLOOR
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/City0MANHATTAN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/State0KS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCode066502
ReturnHeader/PreparerPersonGrp/PhoneNum07855370190
ReturnHeader/PreparerPersonGrp/PreparationDt02014-10-10
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0CHAD L PARKER CPA
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02014-10-14T09:36:57-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02013-07-01
ReturnHeader/TaxPeriodEndDt02014-06-30
ReturnHeader/TaxYr02013

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$999,621
Liabilities
$0
Net assets
$999,621
Revenue
$36,393
Expenses
$38,806
Net income
-$2,413
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.16$0.00$1.16$0.11$0.06$0.05
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.11$0.00$1.11$0.05$0.03$0.01
2023Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.10$0.01$1.10$0.02$0.09$0.07
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.17$0.00$1.17$0.11$0.05$0.06
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.11$0.00$1.11$0.08$0.03$0.05
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.06$0.00$1.06$0.03$0.04$0.01
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.07$0.00$1.07$0.07$0.04$0.03
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.04$0.00$1.04$0.07$0.04$0.03
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.00$0.00$1.00$0.07$0.04$0.03
2016Detailed filing. Detailed filing data is available for this year.$0.97$0.00$0.97$0.01$0.04$0.05
2015Detailed filing. Detailed filing data is available for this year.$1.02$0.00$1.02$0.05$0.03$0.02
2014Detailed filing. Detailed filing data is available for this year.$1.00$0.00$1.00$0.04$0.04$0.00
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.00$0.00$1.00$0.02
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.93$0.00$0.93$0.03
2011Summary only. Only limited summary data is available for this year.$0.44$0.00$0.02$0.03$0.00
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.45$0.45$0.03$0.06$0.03
Peer Organizations

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