Civic Intelligence

Phelps County Community Foundation Inc.

990 • Fiscal year 2019 • EIN 51-0189077

Jul 01, 2018 to Jun 30, 2019 • Filed on May 11, 2020

Organization ProfileWWW.PHELPSFOUNDATION.ORG
424 Garfield StreetHoldrege, NE 68949

(308) 995-6847

Siviq Scores

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

Liabilities / Assets

55th percentile

0.26x

Higher debt load relative to assets than 55% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Liabilities / Revenue

87th percentile

1.79x

Higher debt load relative to revenue than 87% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Net Margin

89th percentile

43%

Higher net margin than 89% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Top Officer Pay

14th percentile

$32,217

Higher top officer pay than 14% of similar nonprofits.

Top officer pay equals 1.1% of source-year revenue.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Asset Growth

59th percentile

6.3%

Faster asset growth than 59% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2018 to 2019

Revenue Growth

95th percentile

108%

Faster revenue growth than 95% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets55th percentile

Assets

Up

$21,302,306

Up $1,259,732 (+6.3%) from 2018

Net Assets

Up

$15,862,761

Up $1,566,686 (+11%) from 2018

Liabilities

Down

$5,439,545

Down $306,954 (-5.3%) from 2018

Revenue And Expenses
Liabilities / Revenue87th percentileNet Margin89th percentile

Revenue

Up

$3,046,049

Up $1,584,533 (+108%) from 2018

Expenses

Down

$1,724,062

Down $62,898 (-3.5%) from 2018

Net Income

Up

$1,321,987

Up $1,647,431 (+506%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth59th percentile

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

$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

2019

Assets$21,302,306
Liabilities$5,439,545
Net Assets$15,862,761
Open 2019 Filing

Operations Trend

Revenue Growth95th percentile

Revenue, expenses, and net income across loaded years, with this 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

2019

Revenue$3,046,049
Expenses$1,724,062
Net Income$1,321,987
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
May 11, 2020
Return Version
2018v3.2
Gross Receipts
$7,962,423
Mission and Program Overview

Mission

To administer donated funds.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$19,507,691$20,716,705▲ $1,209,014
Land, Buildings, and Equipment, Net$386,505$362,076▼ $24,429
Other Notes and Loans Receivable, Net$37,954$127,639▲ $89,685
Savings and Temporary Cash Investments$92,804$83,378▼ $9,426
Cash and Non-Interest-Bearing Accounts$9,470$6,841▼ $2,629
Total Assets$20,042,574$21,302,306▲ $1,259,732
Other Assets Total$8,150$5,667▼ $2,483
Liabilities
Other Liabilities$5,476,094$5,233,465▼ $242,629
Grants Payable$262,540$195,650▼ $66,890
Accounts Payable and Accrued Expenses$7,865$10,430▲ $2,565
Total Liabilities$5,746,499$5,439,545▼ $306,954
Net Assets / Fund Balance
Temporarily Rstr Net Assets$3,115,257$9,725,552▲ $6,610,295
Permanently Rstr Net Assets$8,844,844--
Unrestricted Net Assets$2,335,974$6,137,209▲ $3,801,235
Total Net Assets Fund Balance$14,296,075$15,862,761▲ $1,566,686
Total Liabilities and Net Assets / Fund Balance$20,042,574$21,302,306▲ $1,259,732

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$334,936$52,372$387,308
Equipment$27,140$60,318$87,458

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2018$8,844,844$1,202,911--$10,047,755
2017$8,820,574$5,925--$8,844,844
2016$7,856,546$961,333--$8,820,574
2015$7,760,819$103,358-$7,631$7,856,546
2014$7,621,714$139,105--$7,760,819
Compensation and Service Providers
Top Officer Pay14th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Kara FaberExec. DirectFT$32,217$32,217

Board Members and Trustees

NameTitle
Robert OlsonPresident
Carrie TrompkeBoard Member
Charles ReeserBoard Member
Craig PhilipsBoard Member
Fred DiedrichsenBoard Member
Grace GroveBoard Member
Joel BergmanBoard Member
Lacie WestcottBoard Member
Liz MattsonBoard Member
Diane SamuelsonSecretary
Richard KrohnTreasurer
Tammy VonasekVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$2,300,125
Program Service Revenue
$0
Investment Income
$645,486
Other Revenue
$100,438
All Other Contributions
$2,300,125
Change in Net Assets
$1,321,987

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
Securities Publicly Traded2$172,956Fair Market Value
Other Non Cash Contri Table1$27,525Fair Market Value
Total Noncash Contributions3$200,481-

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,046,049
Revenue Not Reported on Form 990
$244,699
Total Revenue per Audited Statements
$3,290,748
Total Revenue per Form 990
$3,046,049
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$1,394,326
Salaries, Compensation, and Employee Benefits$217,733
Other Expenses$112,003
Total Fundraising Expense$34,536
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$1,258,370--$1,258,370
Grants to Domestic Individuals$135,956--$135,956
Other Salaries and Wages-$94,331$19,740$114,071
Current Officers, Directors, Trustees, and Key Employees-$65,000-$65,000
Depreciation Depletion-$24,430-$24,430
Comp Disqual Persons-$18,333-$18,333
Payroll Taxes-$13,286$1,476$14,762
All Other Expenses-$12,139$596$12,735
Fees for Services Accounting-$9,590-$9,590
Office Expenses-$8,386-$8,386
Insurance-$6,941-$6,941
Other Employee Benefits-$5,010$557$5,567
Fees for Services Legal-$4,500-$4,500
Conferences and Meetings-$3,902-$3,902
Other Expenses-$3,896$11,103$3,896
Advertising--$1,064$1,064
Total Functional Expenses$1,394,326$295,200$34,536$1,724,062

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,724,062
Total Expenses per Audited Statements$1,724,062
Total Expenses per Form 990$1,724,062
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Bethel Lutheran ChurchHoldrege, NE3New Parsonage$150,000
Ymca of the PrairieHoldrege, NE3Operating$48,297
Holdrege Memorial HomesHoldrege, NE3South Remodel$30,000
Holdrege Memorial HomesHoldrege, NE3Lobby Renovations$29,844
Citizens for Bronze ArtHoldrege, NE3Bronze Sculpture$24,545
Hastings Library FoundationHastings, NE3Bronze Statue$24,545
City of HoldredgeHoldrege, NEGovRecycling Center$19,480
Mount Calvary Lutheran ChurchHoldrege, NE3Operations$16,714
Educational Service Unit 11Holdrege, NE3Stem Mobile Lab$15,000
Phelps County Senior CenterHoldrege, NE3Operations$14,236
Sandstrom Cemetery AssociationBertrand, NE3Operations$13,032
Phelps Memorial Health CenterHoldrege, NE3Operations$12,804
City of HoldredgeHoldrege, NEGovPolice Department$12,350
Ymca of the PrairieHoldrege, NE3Operations$11,828
Bertrand Area Community FoundationBertrand, NE3Operations$10,927
The Salvation ArmyHoldrege, NE3Operations$10,638
Holdrege Animal ShelterHoldrege, NE3Operations$10,000
First Presbyterian Church of HoldreHoldrege, NE3Operations$9,400
Holdrege Volunteer Fire DeptHoldrege, NEGovOperations$8,801
All Saints Catholic ChurchHoldrege, NE3Operations$8,564
Phelps County Historical SocietyHoldrege, NE3Operations$8,550
Holcomb Evangelical Free ChurchHoldrege, NE3Operations$7,000
Village of BertrandBertrand, NEGovFire Department$6,848
First United Methodist ChurchHoldrege, NE3Operations$6,637
Loomis Rural Fire DistrictLoomis, NEGovOperations$6,122
Holcomb Evangelical Free ChurchHoldrege, NE3Operations$6,000
Village of BertrandBertrand, NEGovOperations$5,654
Elwood Area FoundationElwood, NE3Capital Improvements$5,500
Educational Service Unit 11Holdrege, NE3Honors Program$5,465
Nebraska Synod ElcaOmaha, NE3Kiruweni Dispensary$5,100
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$4,957,365
Scholarships Payable$276,100
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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, 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
Kara Faber
Title
Exec. Direct.
Phone
3089956847
Signed
2020-05-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Robert Olson
Formed
1976
Legal Domicile
Ne
Voting Board Members
12
Independent Board Members
12
Employees
6
Volunteers
17

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.”

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IRS990/Form990PartVIISectionAGrp/TitleTxt8BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt9BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt10BOARD MEMBER
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IRS990/PrincipalOfficerNm0ROBERT OLSON
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IRS990/ReportProgramRelatedInvstInd0false
IRS990/SavingsAndTempCashInvstGrp/BOYAmt092804
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt01220204
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt01458751
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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0424441
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt01458751
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt08653801
IRS990ScheduleA/TotalSupportAmt010865227
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearAmt099438
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IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt099992
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
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IRS990ScheduleD/BuildingsGrp/DepreciationAmt052372
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IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt08844844
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt01202911
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt010047755
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IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt08820574
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1SCHOLARSHIPS PAYABLE
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Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$21,302,306
Liabilities
$5,439,545
Net assets
$15,862,761
Revenue
$3,046,049
Expenses
$1,724,062
Net income
$1,321,987
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