Civic Intelligence

The USD 498 Foundation

990 • Fiscal year 2018 • EIN 48-1224971

Jul 01, 2017 to Jun 30, 2018 • Filed on Aug 24, 2018

Organization ProfileWWW.VALLEYHEIGHTS.ORG
124 E CommercialWaterville, KS 66548

(785) 363-2398

Siviq Scores

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

Liabilities / Assets

14th percentile

0.00x

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

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

14th percentile

0.00x

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

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

91st percentile

49%

Higher net margin than 91% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

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.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

58th percentile

3.4%

Faster asset growth than 58% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

45th percentile

1.9%

Faster revenue growth than 45% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets14th percentile

Assets

Up

$1,038,102

Up $34,374 (+3.4%) from 2017

Net Assets

Up

$1,038,102

Up $34,374 (+3.4%) from 2017

Liabilities

Flat

$0

Flat from 2017

Revenue And Expenses
Liabilities / Revenue14th percentileNet Margin91st percentile

Revenue

Up

$70,434

Up $1,327 (+1.9%) from 2017

Expenses

Down

$36,060

Down $1,316 (-3.5%) from 2017

Net Income

Up

$34,374

Up $2,643 (+8.3%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth58th 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

2018

Assets$1,038,102
Liabilities$0
Net Assets$1,038,102
Open 2018 Filing

Operations Trend

Revenue Growth45th 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

2018

Revenue$70,434
Expenses$36,060
Net Income$34,374
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Aug 24, 2018
Return Version
2017v2.3
Gross Receipts
$989,547
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$906,802$943,040▲ $36,238
Savings and Temporary Cash Investments$87,223$86,202▼ $1,021
Cash and Non-Interest-Bearing Accounts$9,618$8,449▼ $1,169
Total Assets$1,003,728$1,038,102▲ $34,374
Other Assets Total$85$411▲ $326
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Permanently Rstr Net Assets$982,632$992,629▲ $9,997
Temporarily Rstr Net Assets$3,140$30,134▲ $26,994
Unrestricted Net Assets$17,956$15,339▼ $2,617
Total Net Assets Fund Balance$1,003,728$1,038,102▲ $34,374
Total Liabilities and Net Assets / Fund Balance$1,003,728$1,038,102▲ $34,374

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2017$985,772$656▲ $68,375$3,133$1,022,763
2016$947,859$6,539▲ $60,352-$985,772
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
Compensation and Service Providers
Top Officer Pay35th percentile

Board Members and Trustees

NameTitle
Bryce PorterPresident
Chad ParkerBoard Member
Jami GilligBoard Member
Kaci SmithBoard Member
Richard NelsonBoard Member
Sarah ToerberBoard Member
John BergkampEx-officio
Kenneth SteinfortSecretary
David VermettenTreasurer
Theresa MinihanVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$2,001
Program Service Revenue
$0
Investment Income
$68,433
Other Revenue
$0
All Other Contributions
$2,001
Change in Net Assets
$34,374
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$19,050
Other Expenses$17,010
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$19,050--$19,050
Fees for Services Accounting-$3,405-$3,405
Other Expenses$8$40-$8
Total Functional Expenses$22,508$13,552$0$36,060
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
124 E COMMERCIAL, WATERVILLE, KS 66548
Doing Business As
Bryce Porter

Signing Officer

Name
Bryce Porter
Title
President
Phone
7853637721
Signed
2018-08-24
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Bryce Porter
Formed
2000
Legal Domicile
Ks
Voting Board Members
10
Independent Board Members
10
Employees
0
Volunteers
10

Preparer

Firm
Sink Gordon & Associates Llp
Address
727 POYNTZ AVE STE 601, 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 423 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
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc1PART IV, SECTION E, LINE 2B
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IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt0656
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt01022763
IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt018800
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt068375
IRS990ScheduleD/CYEndwmtFundGrp/OtherExpendituresAmt03133
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/AdministrativeExpensesAmt09428
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt0947859
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt06539
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt0985772
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt019550
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt060352
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/AdministrativeExpensesAmt09021
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt0993294
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt0823
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt0947859
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/GrantsOrScholarshipsAmt012693
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-9553
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/OtherExpendituresAmt014991
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/AdministrativeExpensesAmt09536
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt0964955
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt020267
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt0993294
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IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt040890
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/OtherExpendituresAmt014282
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/AdministrativeExpensesAmt030167
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt0960786
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt0964955
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt034336
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IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0true
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.97050
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IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 2, PART V, LINE 4
IRS990ScheduleD/TermEndowmentBalanceEOYPct00.02950
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt019050
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0SCHOLARSHIPS
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DIRECTORS' CONFLICT OF INTEREST STATEMENTS ARE REVIEWED ANNUALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2GOVERNING DOCUMENTS CAN BE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
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IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
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IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0USD 498 SCHOOL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0170C1
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0SCHOOLS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0121 E COMMERCIAL ST PO BOX 89
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0WATERVILLE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0KS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd066548
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IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
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IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
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IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0false
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IRS990/TotalLiabilitiesGrp/EOYAmt00
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IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01038102
IRS990/TotalProgramServiceExpensesAmt022508
IRS990/TotalRevenueGrp/ExclusionAmt023155
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt045278
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt070434
IRS990/TotalVolunteersCnt010
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01003728
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IRS990/TypeOfOrganizationCorpInd0X
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IRS990/UnrestrictedNetAssetsGrp/BOYAmt017956
IRS990/UnrestrictedNetAssetsGrp/EOYAmt015339
IRS990/UponRequestInd0X
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IRS990/USAddress/CityNm0WATERVILLE
IRS990/USAddress/StateAbbreviationCd0KS
IRS990/USAddress/ZIPCd066548
IRS990/VotingMembersGoverningBodyCnt010
IRS990/VotingMembersIndependentCnt010
IRS990/WebsiteAddressTxt0WWW.VALLEYHEIGHTS.ORG
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0BRYCE PORTER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum07853637721
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-08-24
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THE USD 498 FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0USD4
ReturnHeader/Filer/EIN0481224971
ReturnHeader/Filer/PhoneNum07853632398
ReturnHeader/Filer/USAddress/AddressLine1Txt0124 E COMMERCIAL
ReturnHeader/Filer/USAddress/CityNm0WATERVILLE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0KS

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,038,102
Liabilities
$0
Net assets
$1,038,102
Revenue
$70,434
Expenses
$36,060
Net income
$34,374
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
2018Detailed filing. Detailed filing data is available for this year.$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