Civic Intelligence

Phelps County Community Foundation Inc.

990 • Fiscal year 2022 • EIN 51-0189077

Jul 01, 2021 to Jun 30, 2022 • Filed on Apr 21, 2023

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

61st percentile

0.28x

Higher debt load relative to assets than 61% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Liabilities / Revenue

89th percentile

2.23x

Higher debt load relative to revenue than 89% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Net Margin

15th percentile

-12%

Higher net margin than 15% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Top Officer Pay

19th percentile

$80,998

Higher top officer pay than 19% of similar nonprofits.

Top officer pay equals 2.9% of source-year revenue.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Asset Growth

20th percentile

-9.8%

Faster asset growth than 20% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2021 to 2022

Revenue Growth

44th percentile

1.2%

Faster revenue growth than 44% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2021 to 2022

Assets

Down

$21,921,417

Down $2,368,858 (-9.8%) from 2021

Net Assets

Down

$15,708,893

Down $2,350,136 (-13%) from 2021

Liabilities

Down

$6,212,524

Down $18,722 (-0.3%) from 2021

Revenue

Up

$2,780,428

Up $33,656 (+1.2%) from 2021

Expenses

Up

$3,103,002

Up $797,904 (+35%) from 2021

Net Income

Down

-$322,574

Down $764,248 (-173%) from 2021

Historical Trend

Balance Sheet Trend

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

2022

Assets$21,921,417
Liabilities$6,212,524
Net Assets$15,708,893

Operations Trend

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

2022

Revenue$2,780,428
Expenses$3,103,002
Net Income-$322,574
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
Apr 21, 2023
Return Version
2021v4.0
Gross Receipts
$4,913,714
Mission and Program Overview

Mission

To administer donated funds.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$23,855,426$21,485,820▼ $2,369,606
Land, Buildings, and Equipment, Net$332,628$321,215▼ $11,413
Savings and Temporary Cash Investments$78,132$89,576▲ $11,444
Cash and Non-Interest-Bearing Accounts$5,555$5,530▼ $25
Total Assets$24,290,275$21,921,417▼ $2,368,858
Other Assets Total$18,534$19,276▲ $742
Liabilities
Other Liabilities$6,171,722$6,171,148▼ $574
Accounts Payable and Accrued Expenses$21,179$22,676▲ $1,497
Grants Payable$38,345$18,700▼ $19,645
Total Liabilities$6,231,246$6,212,524▼ $18,722
Net Assets / Fund Balance
Net Assets With Donor Restrictions$11,637,986$10,507,645▼ $1,130,341
Net Assets Without Donor Restrictions$6,421,043$5,201,248▼ $1,219,795
Total Net Assets Fund Balance$18,059,029$15,708,893▼ $2,350,136
Total Liabilities and Net Assets / Fund Balance$24,290,275$21,921,417▼ $2,368,858

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$297,989$104,460$402,449
Equipment$23,226$43,767$66,993

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
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
2018$8,844,844$1,202,911--$10,047,755
2017$8,820,574$5,925--$8,844,844
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Kara FaberExec. DirectFT$78,591$2,407$80,998

Board Members and Trustees

NameTitle
Tammy VonasekPresident
Cindy CollinBoard Member
Heather McquillanBoard Member
Lacie WestcottBoard Member
Liz MattsonBoard Member
Luke ThorellBoard Member
Patti SimpsonBoard Member
Richard KrohnBoard Member
Craig PhilipsSecretary
Charles ReeserTreasurer
Carrie TrompkeVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$2,109,976
Program Service Revenue
$64,295
Investment Income
$606,157
Other Revenue
$0
All Other Contributions
$2,109,976
Change in Net Assets
$-322,574

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 Table12$120,506Fair Market Value
Total Noncash Contributions12$120,506-

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,780,428
Revenue Not Reported on Form 990
$-2,095,646
Total Revenue per Audited Statements
$684,782
Total Revenue per Form 990
$2,780,428
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$2,634,688
Salaries, Compensation, and Employee Benefits$260,054
Other Expenses$208,260
Total Fundraising Expense$60,796
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$2,383,165--$2,383,165
Grants to Domestic Individuals$251,523--$251,523
Other Salaries and Wages-$142,526$15,836$158,362
Current Officers, Directors, Trustees, and Key Employees-$70,732$7,859$78,591
Fees for Service Investment Mgmnt Fees-$68,084-$68,084
Depreciation Depletion-$26,554-$26,554
Payroll Taxes-$16,161$1,796$17,957
Fees for Services Accounting-$12,205-$12,205
All Other Expenses-$10,239-$10,239
Fees for Services Legal-$8,000-$8,000
Office Expenses-$6,625-$6,625
Conferences and Meetings-$6,453-$6,453
Insurance-$5,949-$5,949
Other Expenses-$5,205$9,095$5,205
Pension Plan Contributions-$4,630$514$5,144
Advertising--$2,065$2,065
Total Functional Expenses$2,634,688$407,518$60,796$3,103,002

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$3,103,002
Total Expenses per Form 990$3,103,002
Total Expenses per Audited Statements$3,034,918
Expenses Not Reported on Form 990$-68,084
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
South Central Area RecoveryHoldrege, NE501c3Bldg Improvements$250,000
Don Sjogren Community YmcaHoldrege, NE501c3Improvements$177,952
City of HoldregeHoldrege, NEGovVET'S MEMORIAL PROJ$151,307
Phelps County Christian SchoolHoldrege, NE501c3Operations$120,000
Phelps County Historical SocietyHoldrege, NE501c3Operations$75,419
Holdrege Public SchoolsHoldrege, NEGovImprovements$57,042
Holdrege Memorial HomesHoldrege, NE501c3Lobby Renovations$50,000
Funk Community CenterFunk, NE501c3Bathroom Renovations$45,770
Prairie Home Cemetery AssociationHoldrege, NE501c3Operating$45,154
Christian Charity FundHoldrege, NE501c3Operations$42,611
Holdrege Area Public LibraryHoldrege, NEGovImprovements$33,768
Holdrege Area Chamber of CommerceHoldrege, NEGovOperations$30,000
All Saints Catholic SchoolHoldrege, NE501c3Operations$28,720
The Tassel Coordination CouncilHoldrege, NE501c3Operations$24,838
Christian Homes IncHoldrege, NE501c3Operations$23,965
City of HoldregeHoldrege, NEGovPolice Department$23,934
The Salvation ArmyHoldrege, NE501c3Operations$23,411
Educational Service Unit 11Holdrege, NE501c3Operations$22,472
Holdrege Animal ShelterHoldrege, NE501c3Operations$20,000
Mosaic - HoldregeHoldrege, NE501c3Operations$20,000
Oxford Area FoundationHoldrege, NE501c3VETERAN'S MEMORIAL$19,275
First United Methodist ChurchHoldrege, NE501c3Operations$19,068
Phelps County Senior CenterHoldrege, NE501c3Operations$18,350
Hi-line Golf AssociationBertrand, NE501c3Operations$17,203
Phelps Community PantryHoldrege, NE501c3Operations$15,000
Bertrand Area Community FoundationBertrand, NE501c3Operations$10,287
Citizens for Bronze ArtHoldrege, NE501c3Sculpture$10,000
First Presbyterian Church of HoldreHoldrege, NE501c3Operations$10,000
Holdrege Legion BaseballHoldrege, NE501c3Operations$8,269
Phelpsharlan County CasaHoldrege, NE501c3Operations$8,251
Holdrege Volunteer Fire DeptHoldrege, NEGovOperations$8,245
Phelps Memorial Health CenterHoldrege, NE501c3Operations$8,077
Hastings Public Schools FoundationHastings, NE501c3Hal Program$8,000
Bertrand Fire DepartmentBertrand, NEGovOperations$7,464
Holdrege Optimist ClubHoldrege, NE501c4Operations$7,421
L2 for KidsWillow Island, NE501c3Operations$7,163
Holcomb Evangelical Free ChurchHoldrege, NE501c3Operations$6,000
Spirit of Grace Lutheran ChurchHoldrege, NE501c3Operations$6,000
Sandstrom Cemetery AssociationBertrand, NE501c3Operations$5,839
Axios Workforce and Talent Dev IncHoldrege, NE501c3Operations$5,701
The Safe CenterKearney, NE501c3Operations$5,250
Loomis Rural Fire DistrictLoomis, NEGovOperations$5,248
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$5,827,998
Scholarships Payable$343,150
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
Kara Faber
Title
Exec. Direct.
Phone
3089956847
Signed
2023-04-21
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Tammy Vonasek
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 -68,084 invest fees netted against revenue 68,084

Financial Statement Notes

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

Invest fees netted against revenue -68,084

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

Invest fees netted against revenue -68,084

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Document Assets

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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