Civic Intelligence

Phelps County Community Foundation Inc

EIN 51-0189077 • 501(c)3 • Holdrege, NE

Profile

To administer donated funds.

424 Garfield StreetHoldrege, NE 68949

www.phelpsfoundation.org

Siviq Scores

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

Liabilities / Assets

56th percentile

0.28x

Higher debt load relative to assets than 56% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Liabilities / Revenue

85th percentile

1.74x

Higher debt load relative to revenue than 85% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Net Margin

29th percentile

-1.7%

Higher net margin than 29% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

44th percentile

4.0%

Faster asset growth than 44% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Revenue Growth

3rd percentile

-57%

Faster revenue growth than 3% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Assets

Up

$30,688,606

Up $1,190,494 (+4.0%) from 2023

Liabilities

Up

$8,486,733

Up $154,392 (+1.9%) from 2023

Net Assets

Up

$22,201,873

Up $1,036,102 (+4.9%) from 2023

Revenue

Down

$4,888,274

Down $6,553,192 (-57%) from 2023

Expenses

Down

$4,970,045

Down $1,660,126 (-25%) from 2023

Net Income

Down

-$81,771

Down $4,893,066 (-102%) from 2023

Trend Graphs

Balance Sheet Trend

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

$40M$30M$20M$10M$0Assets 2011: $9,890,310Liabilities 2011: $2,365,987Net Assets 2011: $7,524,3232011Assets 2012: $12,515,724Liabilities 2012: $2,380,179Net Assets 2012: $10,135,5452012Assets 2013: $13,843,311Liabilities 2013: $2,730,204Net Assets 2013: $11,113,1072013Assets 2014: $17,112,280Liabilities 2014: $3,354,604Net Assets 2014: $13,757,6762014Assets 2015: $17,143,877Liabilities 2015: $3,584,641Net Assets 2015: $13,559,2362015Assets 2016: $17,742,078Liabilities 2016: $4,481,922Net Assets 2016: $13,260,1562016Assets 2017: $19,705,444Liabilities 2017: $5,252,900Net Assets 2017: $14,452,5442017Assets 2018: $20,042,574Liabilities 2018: $5,746,499Net Assets 2018: $14,296,0752018Assets 2019: $21,302,306Liabilities 2019: $5,439,545Net Assets 2019: $15,862,7612019Assets 2020: $21,051,356Liabilities 2020: $5,279,336Net Assets 2020: $15,772,0202020Assets 2021: $24,290,275Liabilities 2021: $6,231,246Net Assets 2021: $18,059,0292021Assets 2022: $21,921,417Liabilities 2022: $6,212,524Net Assets 2022: $15,708,8932022Assets 2023: $29,498,112Liabilities 2023: $8,332,341Net Assets 2023: $21,165,7712023Assets 2024: $30,688,606Liabilities 2024: $8,486,733Net Assets 2024: $22,201,8732024

Highlighted filing

2024

Assets$30,688,606
Liabilities$8,486,733
Net Assets$22,201,873

Operations Trend

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

$15M$10M$5.0M$0-$5.0MExpenses 2011: $529,2202011Expenses 2012: $765,9972012Expenses 2013: $1,017,9912013Revenue 2014: $3,221,030Expenses 2014: $1,568,596Net Income 2014: $1,652,4342014Revenue 2015: $2,067,842Expenses 2015: $1,898,033Net Income 2015: $169,8092015Revenue 2016: $1,735,876Expenses 2016: $1,870,201Net Income 2016: -$134,3252016Revenue 2017: $3,413,176Expenses 2017: $2,725,709Net Income 2017: $687,4672017Revenue 2018: $1,461,516Expenses 2018: $1,786,960Net Income 2018: -$325,4442018Revenue 2019: $3,046,049Expenses 2019: $1,724,062Net Income 2019: $1,321,9872019Revenue 2020: $1,829,260Expenses 2020: $1,876,180Net Income 2020: -$46,9202020Revenue 2021: $2,746,772Expenses 2021: $2,305,098Net Income 2021: $441,6742021Revenue 2022: $2,780,428Expenses 2022: $3,103,002Net Income 2022: -$322,5742022Revenue 2023: $11,441,466Expenses 2023: $6,630,171Net Income 2023: $4,811,2952023Revenue 2024: $4,888,274Expenses 2024: $4,970,045Net Income 2024: -$81,7712024

Highlighted filing

2024

Revenue$4,888,274
Expenses$4,970,045
Net Income-$81,771

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$30.7$8.49$22.2$4.89$4.97$0.08
2023Detailed filing. Detailed filing data is available for this year.$29.5$8.33$21.2$11.4$6.63$4.81
2022Detailed filing. Detailed filing data is available for this year.$21.9$6.21$15.7$2.78$3.10$0.32
2021Detailed filing. Detailed filing data is available for this year.$24.3$6.23$18.1$2.75$2.31$0.44
2020Detailed filing. Detailed filing data is available for this year.$21.1$5.28$15.8$1.83$1.88$0.05
2019Detailed filing. Detailed filing data is available for this year.$21.3$5.44$15.9$3.05$1.72$1.32
2018Detailed filing. Detailed filing data is available for this year.$20.0$5.75$14.3$1.46$1.79$0.33
2017Detailed filing. Detailed filing data is available for this year.$19.7$5.25$14.5$3.41$2.73$0.69
2016Detailed filing. Detailed filing data is available for this year.$17.7$4.48$13.3$1.74$1.87$0.13
2015Detailed filing. Detailed filing data is available for this year.$17.1$3.58$13.6$2.07$1.90$0.17
2014Detailed filing. Detailed filing data is available for this year.$17.1$3.35$13.8$3.22$1.57$1.65
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$13.8$2.73$11.1$1.02
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$12.5$2.38$10.1$0.77
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.89$2.37$7.52$0.53
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Sep 22, 2024
Return Version
2023v5.0
Gross Receipts
$10,228,899
Mission and Program Overview

Mission

To administer donated funds.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$29,037,871$30,269,848▲ $1,231,977
Land, Buildings, and Equipment, Net$317,347$291,234▼ $26,113
Savings and Temporary Cash Investments$116,542$96,232▼ $20,310
Prepaid Expenses and Deferred Charges$20,047$25,812▲ $5,765
Cash and Non-Interest-Bearing Accounts$5,505$5,480▼ $25
Pledges and Grants Receivable$800--
Total Assets$29,498,112$30,688,606▲ $1,190,494
Liabilities
Other Liabilities$8,162,843$8,402,135▲ $239,292
Grants Payable$148,800$70,000▼ $78,800
Accounts Payable and Accrued Expenses$20,698$14,598▼ $6,100
Total Liabilities$8,332,341$8,486,733▲ $154,392
Net Assets / Fund Balance
Net Assets With Donor Restrictions$16,069,091$14,577,011▼ $1,492,080
Net Assets Without Donor Restrictions$5,096,680$7,624,862▲ $2,528,182
Total Net Assets Fund Balance$21,165,771$22,201,873▲ $1,036,102
Total Liabilities and Net Assets / Fund Balance$29,498,112$30,688,606▲ $1,190,494

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$275,173$142,417$417,590
Equipment$16,061$59,626$75,687

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$11,114,137$1,394,351--$12,508,488
2022$10,523,282$590,855--$11,114,137
2021$10,498,394$24,888--$10,523,282
2020$10,104,050$394,344--$10,498,394
2019$10,047,755$56,295--$10,104,050
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Lacy ChapmanInterim ExecFT$66,779$2,147$68,926

Board Members and Trustees

NameTitle
Charles ReeserPresident
Cindy CollinBoard Member
Craig PhilipsBoard Member
Heather McquillanBoard Member
Jessica KrausBoard Member
Liz MattsonBoard Member
Lori VinzantBoard Member
Roger PetersonBoard Member
Ted TitusBoard Member
Patti SimpsonSecretary
Luke ThorellTreasurer
Grace GroveVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$3,986,708
Program Service Revenue
$88,240
Investment Income
$813,326
Other Revenue
$0
All Other Contributions
$3,986,708
Change in Net Assets
$-81,771

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
Other Non Cash Contri Table8$96,882Fair Market Value
Total Noncash Contributions8$96,882-

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,888,274
Revenue Not Reported on Form 990
$1,056,507
Total Revenue per Audited Statements
$5,944,781
Total Revenue per Form 990
$4,888,274
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$4,479,051
Salaries, Compensation, and Employee Benefits$284,012
Other Expenses$206,982
Total Fundraising Expense$63,591
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$4,308,327--$4,308,327
Grants to Domestic Individuals$170,724--$170,724
Other Salaries and Wages-$91,495$10,166$101,661
Comp Disqual Persons-$79,611$8,846$88,457
Current Officers, Directors, Trustees, and Key Employees-$60,101$6,678$66,779
Fees for Service Investment Mgmnt Fees-$61,366-$61,366
Depreciation Depletion-$28,334-$28,334
Payroll Taxes-$18,058$2,007$20,065
Fees for Services Accounting-$12,055-$12,055
All Other Expenses-$9,749-$9,749
Office Expenses-$7,502-$7,502
Insurance-$7,127-$7,127
Pension Plan Contributions-$6,345$705$7,050
Fees for Services Legal-$6,126-$6,126
Other Expenses-$5,817$9,932$5,817
Advertising--$2,743$2,743
Conferences and Meetings-$152-$152
Total Functional Expenses$4,479,051$427,403$63,591$4,970,045

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$4,970,045
Total Expenses per Form 990$4,970,045
Total Expenses per Audited Statements$4,908,679
Expenses Not Reported on Form 990$-61,366
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Phelps County Christian SchoolHoldrege, NE501c3Operations, Loan Pmt$490,000
Don Sjogren Community YmcaHoldrege, NE501c3Improvements, Oper$434,359
City of HoldregeHoldrege, NEGovBallfield Complex$230,000
Phelps County Historical SocietyHoldrege, NE3Operations$120,000
Phelps County Emergency ManagementHoldrege, NEGovDual Band Radios$64,238
Christian Homes IncHoldrege, NE501c3Capital Purchases$62,822
Holdrege Memorial HomesHoldrege, NE501c3New Windows$58,109
Funk Community CenterHoldrege, NE501c3Cap Proj, Operations$50,000
Phelps Community PantryHoldrege, NE501c3Operations$45,000
The Tassel Coordination CouncilHoldrege, NE501c3Operations$41,298
Holcomb Evangelical Free ChurchHoldrege, NE501c3Operations$41,000
Holdrege Animal ShelterHoldrege, NE501c3Operations$37,500
Holdrege Legion BaseballHoldrege, NE501c3Dugouts, Sun Shade$33,229
Phelps Memorial Health CenterHoldrege, NE501c3Operations$32,985
Christian Charity FundHoldrege, NE501c3Operations$30,586
Prairie Home Cemetery AssociationHoldrege, NE501c3Capital Purch, Oper.$30,000
Holdrege Public SchoolsHoldrege, NEGovClassroom Equipment$29,706
All Saints Catholic SchoolHoldrege, NE501c3Operations$24,021
Wells 20 FoundationHoldrege, NE501c3Operations$23,597
Nebraska Lutheran Outdoor MinistrieAshland, NE3Scholarship Fund$20,000
South Central Area RecoveryHoldrege, NE501c3Bldg Improvements$20,000
The Salvation ArmyHoldrege, NE501c3Operations$16,586
Bertrand Fire DepartmentBertrand, NEGovOperations$14,525
Village of FunkFunk, NEGovChristmas Lights$14,148
Bertrand Area Community FoundationBertrand, NE501c3Operations$13,237
Holdrege Volunteer Fire DeptHoldrege, NEGovOperations$12,461
Axios Workforce and Talent Dev IncHoldrege, NE501c3Operations$11,945
Phelps County Senior CenterHoldrege, NE501c3Operations$11,736
First Presbyterian Church of HoldreHoldrege, NE501c3Operations$11,000
Village of BertrandBertrand, NEGovOperations$10,850
Holdrege Optimist ClubHoldrege, NE501c4Operations$10,522
Educational Service Unit 11Holdrege, NE501c3Summer Honors Prog$10,178
Phelpsharlan County CasaHoldrege, NE501c3Operations$10,119
Loomis Rural Fire DistrictLoomis, NEGovOperations$9,893
Holdrege Area Public LibraryHoldrege, NEGovComputers$8,409
Funk Rural Fire District 1Funk, NEGovOperations$7,867
L2 for KidsWillow Island, NE501c3Operations$7,838
Bertrand Young at Heart Senior CentBertrand, NE501c3Food/operations$7,757
The Safe CenterKearney, NE501c3Operations$6,941
Loomis Public SchoolsLoomis, NEGovBeef in Schools Prog$6,878
Holdrege Rotary ClubHoldrege, NE4Youth Grants$6,000
Immanuel Cemetery AssociationBertrand, NE501c3Cemetery Entry Impr$6,000
City of Holdrege Police DepartmentHoldrege, NEGovOperations$5,731
Sandstrom Cemetery AssociationBertrand, NE501c3Operations$5,280
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Agency Fnds Hld for Benefit of Othrs$8,145,211
Scholarships Payable$256,924
Governance and Compliance

Governance Checklist

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

Governance Explanations

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

The organization's board of directors review the 990 before it is filed.

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

Volunteers and staff are required to fill out a conflict of interest statement. When voting on issues that may be in conflict, members abstain from voting and this is noted in the meeting minutes. Members also abstain from discussion relating to conflicts unless asked for input.

Form 990, Page 6, Part VI, Line 15A

The board of directors approves the wage of the executive director.

Form 990, Page 6, Part VI, Line 15B

The board of directors and executive director approves the wages of all other staff.

Form 990, Page 6, Part VI, Line 19

The form 990 and other governing documents are made available to the public through request or by accessing the website.

Filing and Contact Details

Filer

Filer Name
Phelps County Community
EIN
51-0189077
Phone
3089956847
Address
424 GARFIELD STREET, HOLDREGE, NE 68949

Signing Officer

Name
Lacy Chapman
Title
Interim Exec Director
Phone
3089956847
Signed
2024-09-22
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Charles Reeser
Formed
1976
Legal Domicile
Ne
Voting Board Members
12
Independent Board Members
12
Employees
5
Volunteers
12

Preparer

Firm
Amgl Pc
Address
PO BOX 1407, GRAND ISLAND, NE 68802-1407
Preparer
Marcy J Luth CPA
Phone
3083811810
Supplemental Narrative

Additional Explanations

Form 990, Page 1, Part I, Line 6

Board members and at-large members of the foundation are considered volunteers. Volunteers receive no tangible benefits in return for volunteering for the foundation. Board members serve as oversight to spending, financial investments and enforcement of policy and foundation law. Board members have voting rights while staff and at-large members do not have voting rights. At-large members serve the foundation in an advisory capacity only. Volunteers also help with give2grow campaign.

Form 990, Part XI, Line 9

Invest fees netted against revenue -61,366 invest fees netted against revenue 61,366

Financial Statement Notes

Schedule D, Page 4, Part XI, Line 2D

Invest fees netted against revenue -61,366

Schedule D, Page 4, Part XII, Line 2D

Invest fees netted against revenue -61,366

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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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