Civic Intelligence

Colby Community College Endowment Foundation

990 • Fiscal year 2016 • EIN 48-6119870

Jul 01, 2015 to Jun 30, 2016 • Filed on Feb 10, 2017

1255 S Range AveColby, KS 67701

(785) 460-4684

Siviq Scores

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

Liabilities / Assets

23rd percentile

0.02x

Higher debt load relative to assets than 23% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Liabilities / Revenue

45th percentile

0.15x

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

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Net Margin

85th percentile

27%

Higher net margin than 85% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Top Officer Pay

22nd percentile

$37,500

Higher top officer pay than 22% of similar nonprofits.

Top officer pay equals 3.4% of source-year revenue.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Asset Growth

82nd percentile

18%

Faster asset growth than 82% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2015 to 2016

Revenue Growth

84th percentile

28%

Faster revenue growth than 84% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2015 to 2016

Assets

Up

$6,688,018

Up $1,022,226 (+18%) from 2015

Net Assets

Up

$6,525,764

Up $859,972 (+15%) from 2015

Liabilities

Up

$162,254

Up $162,254 from 2015

Revenue

Up

$1,105,543

Up $239,361 (+28%) from 2015

Expenses

Up

$803,133

Up $352,477 (+78%) from 2015

Net Income

Down

$302,410

Down $113,116 (-27%) from 2015

Historical Trend

Balance Sheet Trend

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

$10M$5.0M$0Assets 2011: $4,990,159Liabilities 2011: $0Net Assets 2011: $4,990,1592011Assets 2012: $5,798,687Liabilities 2012: $0Net Assets 2012: $5,798,6872012Assets 2013: $5,848,196Liabilities 2013: $0Net Assets 2013: $5,848,1962013Assets 2014: $5,250,266Liabilities 2014: $0Net Assets 2014: $5,250,2662014Assets 2015: $5,665,792Liabilities 2015: $0Net Assets 2015: $5,665,7922015Assets 2016: $6,688,018Liabilities 2016: $162,254Net Assets 2016: $6,525,7642016Assets 2017: $6,795,515Liabilities 2017: $7,267Net Assets 2017: $6,788,2482017Assets 2018: $6,875,693Liabilities 2018: $14,383Net Assets 2018: $6,861,3102018Assets 2019: $7,800,193Liabilities 2019: $13,189Net Assets 2019: $7,787,0042019Assets 2020: $6,837,014Liabilities 2020: $18,909Net Assets 2020: $6,818,1052020Assets 2021: $7,903,807Liabilities 2021: $92,054Net Assets 2021: $7,811,7532021Assets 2022: $7,415,607Liabilities 2022: $83,403Net Assets 2022: $7,332,2042022Assets 2023: $7,859,362Liabilities 2023: $152,837Net Assets 2023: $7,706,5252023Assets 2024: $8,788,221Liabilities 2024: $77,726Net Assets 2024: $8,710,4952024Assets 2025: $9,562,693Liabilities 2025: $95,847Net Assets 2025: $9,466,8462025

Highlighted filing

2016

Assets$6,688,018
Liabilities$162,254
Net Assets$6,525,764

Operations Trend

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

$2.0M$1.0M$0-$1.0MExpenses 2011: $371,6692011Expenses 2012: $305,9922012Expenses 2013: $398,3182013Revenue 2014: $880,715Expenses 2014: $1,478,645Net Income 2014: -$597,9302014Revenue 2015: $866,182Expenses 2015: $450,656Net Income 2015: $415,5262015Revenue 2016: $1,105,543Expenses 2016: $803,133Net Income 2016: $302,4102016Revenue 2017: $735,664Expenses 2017: $618,905Net Income 2017: $116,7592017Revenue 2018: $479,625Expenses 2018: $526,616Net Income 2018: -$46,9912018Revenue 2019: $1,271,371Expenses 2019: $523,042Net Income 2019: $748,3292019Revenue 2020: $1,113,513Expenses 2020: $1,833,892Net Income 2020: -$720,3792020Revenue 2021: $1,773,684Expenses 2021: $1,596,900Net Income 2021: $176,7842021Revenue 2022: $1,226,254Expenses 2022: $824,833Net Income 2022: $401,4212022Revenue 2023: $1,271,248Expenses 2023: $1,077,279Net Income 2023: $193,9692023Revenue 2024: $1,553,517Expenses 2024: $944,746Net Income 2024: $608,7712024Revenue 2025: $1,064,617Expenses 2025: $582,873Net Income 2025: $481,7442025

Highlighted filing

2016

Revenue$1,105,543
Expenses$803,133
Net Income$302,410
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Feb 10, 2017
Return Version
2015v3.0
Gross Receipts
$1,620,251
Mission and Program Overview

Mission

Colby community college endowment foundation exists to support colby community college through performance of three fundamental functions: (1) raise funds, (2) raise friends, (3) and invest and disburse funds. The purpose of the generated income from the funds is to create money that will be used for scholarships, departmental programs, faculty development and overall enrichment of the college itself.

To raise private sector funds by providing leadership & to responsibly manage gifts to benefit educational opportunities & initiatives of Colby Community College. A strong scholarship program is available to promote academic excellence & develop student leadership.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$4,600,095$5,037,716▲ $437,621
Savings and Temporary Cash Investments$945,222$975,958▲ $30,736
Land, Buildings, and Equipment, Net$107,200$476,505▲ $369,305
Prepaid Expenses and Deferred Charges-$347-
Cash and Non-Interest-Bearing Accounts-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$5,665,792$6,688,018▲ $1,022,226
Other Assets Total$13,275$197,492▲ $184,217
Liabilities
Other Liabilities-$145,725-
Accounts Payable and Accrued Expenses-$16,529-
Total Liabilities$0$162,254▲ $162,254
Net Assets / Fund Balance
Permanently Rstr Net Assets$4,246,853$4,249,153▲ $2,300
Temporarily Rstr Net Assets$1,080,315$1,637,154▲ $556,839
Unrestricted Net Assets$338,624$639,457▲ $300,833
Total Net Assets Fund Balance$5,665,792$6,525,764▲ $859,972
Total Liabilities and Net Assets / Fund Balance$5,665,792$6,688,018▲ $1,022,226

Asset Categories

AssetBook ValueDepreciationBasis
Land$476,505--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2015$5,327,168$6,205▲ $222,344$548,024$5,007,693
2014$4,948,866$366,224▲ $340,546$328,468$5,327,168
2013$5,004,146$413,856▲ $288,181$757,317$4,948,866
2012$4,933,411$91,229▲ $182,576$203,070$5,004,146
2011$4,052,009$869,232▲ $94,356$82,186$4,933,411
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Jennifer SchoenfeldExecutive DirectorFT$37,500$37,500
Jayme PfeiferExecutive DirectorFT$5,007$5,007

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$717,579
Program Service Revenue
$0
Investment Income
$221,402
Other Revenue
$166,562
All Other Contributions
$635,244
Change in Net Assets
$302,410

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Real Estate Other1$240,000Appraisal
Other Non Cash Contri Table181$65,985Fair Market Value (FMV) Comp Sale
Other Non Cash Contri Table1$35,000Appraisal
Other Non Cash Contri Table1$18,400Standard Rates
Other Non Cash Contri Table1$14,100Standard Rates
Other Non Cash Contri Table1$7,000Fair Market Value (FMV) Comp Sale
Other Non Cash Contri Table8$6,549Fair Market Value (FMV) Comp Sale
Other Non Cash Contri Table4$4,455Fair Market Value (FMV) Comp Sale
Other Non Cash Contri Table1$3,780Comp Rates
Other Non Cash Contri Table15$3,745Fair Market Value (FMV) Comp Sales
Other Non Cash Contri Table15$2,250Comp Rates
Total Noncash Contributions229$401,264-

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,085,708
Revenue Not Reported on Financial Statements
$19,835
Revenue Not Reported on Form 990
$111,394
Other Revenue Adjustments
$19,835
Total Revenue per Audited Statements
$1,197,102
Total Revenue per Form 990
$1,105,543
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$662,381
Other Expenses$96,359
Salaries, Compensation, and Employee Benefits$44,393
Total Fundraising Expense$21,495
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$535,981--$535,981
Grants to Domestic Individuals$126,400--$126,400
Current Officers, Directors, Trustees, and Key Employees$6,795$23,282$12,430$42,507
Fees for Services Accounting-$34,033-$34,033
Fees for Service Investment Mgmnt Fees-$19,835-$19,835
Office Expenses-$16,697-$16,697
Travel-$1,910-$1,910
Other Employee Benefits-$1,886-$1,886
Other Expenses$3,299$962$272$1,234
Total Functional Expenses$672,475$109,163$21,495$803,133

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$894,692
Total Expenses per Form 990$803,133
Expenses per Audited Statements$783,298
Expenses Not Reported on Form 990$111,394
Expenses Not Reported on Financial Statements$19,835
Other Expense Adjustments$19,835
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Colby Community CollegeColby, KS-Various School Activities$260,891
Colby Community CollegeColby, KS-Dorm Renovation$210,664
Colby Community CollegeColby, KS-Bus Purchase$64,426
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$161,611
Fundraising Direct Expenses$111,394
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Party Auction$243,946$161,611$111,394$50,217
Total Events$243,946$161,611$111,394$50,217
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Jay ToddBoard MemberPeoples State BankNo-

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Scholarship Commitments$145,725
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
No
Backup withholding compliance
Yes
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 2: Description of Business or Family Relationship of Officers, Directors, Et

David mccarty and kristy mccarty are brother and sister-in-law.

Form 990, Part VI, Line 11B: Form 990 Review Process

A copy of the tax form 990 and supplemental schedules are presented to the board members. A copy of these reports are left with the organization for a more detailed review. If no additional changes or questions arise, then they are approved by the board and noted in the minutes. Approximately 15 members.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

The board of directors monitor any changes in related parties on an annual basis and continually as needed.

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

Annual evaluation and vote by the board of directors.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

These documents are available upon request at colby community college endowment foundation's office.

Filing and Contact Details

Filer

Filer Name
Colby Community College Endowment
EIN
48-6119870
Phone
7854604684
Address
1255 S RANGE AVE, COLBY, KS 67701

Signing Officer

Name
Lynette Ball
Title
President
Signed
2017-02-10
Discuss with paid preparer
Yes

Organization Details

Formed
1965
Legal Domicile
Ks
Voting Board Members
15
Independent Board Members
15
Employees
2
Volunteers
15

Preparer

Firm
Mapes & Miller LLP
Address
711 3rd Street, Phillipsburg, KS 67661
Preparer
Denis W Miller CPA
Phone
7855436561
Supplemental Narrative

Additional Explanations

Other Changes In Net Assets Or Fund Balances - Other Increases

Gaap basis adjustment = $557562

Financial Statement Notes

Part X : FIN48 Footnote

THE FOUNDATION IS EXEMPT FROM FEDERAL INCOME TAXES ON RELATED INCOME UNDER SECTION 501(A) OF THE INTERNAL REVENUE CODE (IRC), AS AN ORGANIZATION DESCRIBED IN IRC SECTION 501(c)(3). FURTHER, THE FOUNDATION HAS BEEN CLASSIFIED AS AN ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION UNDER IRC SECTION 509(A) AND, AS SUCH, CONTRIBUTIONS TO THE FOUNDATION QUALIFY FOR DEDUCTION AS CHARITABLE CONTRIBUTIONS. HOWEVER, INCOME GENERATED FROM ACTIVITIES UNRELATED TO THE FOUNDATION'S EXEMPT PURPOSE IS SUBJECT TO TAX UNDER IRC SECTION 511. THE FOUNDATION DID NOT HAVE ANY MATERIAL UNRELATED BUSINESS INCOME TAX LIABILITY FOR THE YEAR ENDED JUNE 30, 2016.GENERALLY ACCEPTED ACCOUNTING PRINCIPLES PRESCRIBE THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES AND A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE FOUNDATION BELIEVES IT DOES NOT HAVE ANY MATERIAL UNCERTAIN TAX POSITIONS THAT SHOULD BE REFLECTED IN ITS FINANCIAL STATEMENTS AS OF JUNE 30, 2016. TAX YEARS THAT REMAIN SUBJECT TO EXAMINATION IN THE FOUNDATION'S MAJOR JURISDICTIONS ARE FOR THE YEARS ENDED JUNE 30, 2016, 2015, AND 2014.

Part XI, Line 2D: Other revenue amounts included in F/S but not included on form 990

Endowment auction cost included in cos $111394

Part XI, Line 4B: Other revenue amounts included on 990 but not included in F/S

Advisory fees netted w/ investment incom $19835

Part XII, Line 2D: Other expenses and losses per audited F/S

Endowment auction cost-included in cos $111394

Part XII, Line 4B: Other revenue amounts included on 990 but not included in F/S

Advisory fees netted w/ investment incom $19835

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IRS990/Form990PartVIISectionAGrp/TitleTxt11MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt12MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt13PRESIDENT ELECT
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IRS990/OtherExpensesGrp/Desc3Postage and Shipping
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IRS990/OtherExpensesGrp/FundraisingAmt18406
IRS990/OtherExpensesGrp/FundraisingAmt2272
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IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1962
IRS990/OtherExpensesGrp/ProgramServicesAmt03299
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IRS990/OtherExpensesGrp/TotalAmt18406
IRS990/OtherExpensesGrp/TotalAmt23299
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.56$0.10$9.47$1.06$0.58$0.48
2024Summary only. Only limited summary data is available for this year.$8.79$0.08$8.71$1.55$0.94$0.61
2023Summary only. Only limited summary data is available for this year.$7.86$0.15$7.71$1.27$1.08$0.19
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.42$0.08$7.33$1.23$0.82$0.40
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.90$0.09$7.81$1.77$1.60$0.18
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.84$0.02$6.82$1.11$1.83$0.72
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.80$0.01$7.79$1.27$0.52$0.75
2018Summary only. Only limited summary data is available for this year.$6.88$0.01$6.86$0.48$0.53$0.05
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.80$0.01$6.79$0.74$0.62$0.12
2016Detailed filing. Detailed filing data is available for this year.$6.69$0.16$6.53$1.11$0.80$0.30
2015Detailed filing. Detailed filing data is available for this year.$5.67$0.00$5.67$0.87$0.45$0.42
2014Detailed filing. Detailed filing data is available for this year.$5.25$0.00$5.25$0.88$1.48$0.60
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.85$0.00$5.85$0.40
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.80$0.00$5.80$0.31
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.99$0.00$4.99$0.37
Peer Organizations

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