Civic Intelligence

The USD 498 Foundation

990 • Fiscal year 2016 • EIN 48-1224971

Jul 01, 2015 to Jun 30, 2016 • Filed on Sep 15, 2016

Organization ProfileWWW.VALLEYHEIGHTS.ORG
PO Box 10Waterville, KS 66548

(785) 363-2398

Siviq Scores

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

Liabilities / Assets

26th percentile

0.00x

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

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2016

Net Margin

100th percentile

626%

Higher net margin than 100% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Top Officer Pay

49th percentile

$0

Higher top officer pay than 49% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Asset Growth

26th percentile

-4.7%

Faster asset growth than 26% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets26th percentile

Assets

Down

$971,997

Down $47,464 (-4.7%) from 2015

Net Assets

Down

$971,997

Down $47,365 (-4.6%) from 2015

Liabilities

Down

$0

Down $99 (-100%) from 2015

Revenue And Expenses
Liabilities / RevenueScore unavailableNet Margin100th percentile

Revenue

Down

-$7,570

Down $59,603 (-115%) from 2015

Expenses

Up

$39,795

Up $7,503 (+23%) from 2015

Net Income

Down

-$47,365

Down $67,106 (-340%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth26th 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

2016

Assets$971,997
Liabilities$0
Net Assets$971,997
Open 2016 Filing

Operations Trend

Revenue GrowthScore unavailable

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

2016

Revenue-$7,570
Expenses$39,795
Net Income-$47,365
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Sep 15, 2016
Return Version
2015v2.1
Gross Receipts
$498,979
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$920,872$875,183▼ $45,689
Savings and Temporary Cash Investments$82,927$81,934▼ $993
Cash and Non-Interest-Bearing Accounts$15,662$14,765▼ $897
Total Assets$1,019,461$971,997▼ $47,464
Other Assets Total-$115-
Liabilities
Accounts Payable and Accrued Expenses$99--
Total Liabilities$99$0▼ $99
Net Assets / Fund Balance
Permanently Rstr Net Assets$989,562$944,890▼ $44,672
Unrestricted Net Assets$26,068$24,138▼ $1,930
Temporarily Rstr Net Assets$3,732$2,969▼ $763
Total Net Assets Fund Balance$1,019,362$971,997▼ $47,365
Total Liabilities and Net Assets / Fund Balance$1,019,461$971,997▼ $47,464

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2015$993,294$823▼ $9,553$14,991$947,859
2014$964,955$20,267▲ $40,890$14,282$993,294
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
Compensation and Service Providers
Top Officer Pay49th percentile

Board Members and Trustees

NameTitle
John SchwartzPresident
Bryce PorterBoard Member
Chad ParkerBoard Member
Kaci SmithBoard Member
Richard NelsonBoard Member
Theresa MinihanBoard Member
John BergkampEx-officio
Terry BlaserSecretary
Kenneth SteinfortTreasurer
David VermettenVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$1,913
Program Service Revenue
$0
Investment Income
$-9,496
Other Revenue
$13
All Other Contributions
$1,913
Change in Net Assets
$-47,365
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$20,952
Grants and Similar Amounts Paid$18,843
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$18,843--$18,843
Fees for Services Accounting-$3,115-$3,115
Other Expenses$8$9,021-$8
Total Functional Expenses$27,659$12,136$0$39,795
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

Filer Name
The Usd 498 Foundation
EIN
48-1224971
Phone
7853632398
Address
PO BOX 10, WATERVILLE, KS 66548

Signing Officer

Name
John Schwartz
Title
President
Phone
7853632398
Signed
2016-09-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
John Schwartz
Formed
2000
Legal Domicile
Ks
Voting Board Members
9
Independent Board Members
9
Employees
0
Volunteers
9

Preparer

Firm
Sink Gordon & Associates Llp
Address
COMMERCE BANK TOWER 6TH FLOOR, MANHATTAN, KS 66502
Preparer
Chad L Parker CPA
Phone
7855370190
Supplemental Narrative

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 AppendixShowing 400 of 413 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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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0THE USD 498 FOUNDATION SUPPORTS USD 498 SCHOOLS BY PROVIDING SCHOLARSHIPS AND OPPORTUNITIES FOR EDUCATIONAL ENHANCEMENT FOR ITS STUDENTS. THE USD 498 FOUNDATION HAS DETERMINED THAT THESE ACTIVITES CONSTITUTE SUBSTANTIALLY ALL OF ITS ACTIVITIES BECAUSE THE ONLY ACTIVITY THE USD 498 FOUNDATION ENGAGES IN IS MANAGING/INVESTING FUNDS TO BE USED FOR THE AFOREMENTIONED PURPOSES.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt1IF NOT FOR THE USD 498 FOUNDATION, USD 498 SCHOOLS WOULD MANAGE/INVEST FUNDS TO PROVIDE SCHOLARSHIPS AND OPPORTUNITIES FOR EDUCATIONAL ENHANCEMENTS FOR ITS STUDENTS.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART IV, SECTION E, LINE 2A
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$971,997
Liabilities
$0
Net assets
$971,997
Revenue
-$7,570
Expenses
$39,795
Net income
-$47,365
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