Civic Intelligence

Concordia Lutheran Schools of Omaha Foundation

990 • Fiscal year 2013 • EIN 68-0529229

Jul 01, 2012 to Jun 30, 2013 • Filed on May 13, 2014

Organization ProfileCONCORDIAOMAHA.ORG
14258 W Maple Rd68164
Siviq Scores

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

Liabilities / Assets

63rd percentile

0.14x

Higher debt load relative to assets than 63% of similar nonprofits.

2013 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2013

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2013

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2013

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2013

Asset Growth

56th percentile

4.2%

Faster asset growth than 56% of similar nonprofits.

2013 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2012 to 2013

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Balance Sheet
Liabilities / Assets63rd percentile

Assets

Up

$923,161

Up $36,982 (+4.2%) from 2012

Net Assets

Up

$792,130

Up $13,351 (+1.7%) from 2012

Liabilities

Up

$131,031

Up $23,631 (+22%) from 2012

Revenue And Expenses
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

-

No earlier filing loaded for comparison.

Expenses

Up

$135,089

Up $4,724 (+3.6%) from 2012

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth56th percentile

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

$3.0M$2.0M$1.0M$0Assets 2011: $893,279Liabilities 2011: $114,500Net Assets 2011: $778,7792011Assets 2012: $886,179Liabilities 2012: $107,400Net Assets 2012: $778,7792012Assets 2013: $923,161Liabilities 2013: $131,031Net Assets 2013: $792,1302013Assets 2014: $1,008,348Liabilities 2014: $178,973Net Assets 2014: $829,3752014Assets 2015: $1,033,464Liabilities 2015: $193,768Net Assets 2015: $839,6962015Assets 2016: $1,016,634Liabilities 2016: $93,505Net Assets 2016: $923,1292016Assets 2017: $2,269,863Liabilities 2017: $157,311Net Assets 2017: $2,112,5522017Assets 2018: $2,441,205Liabilities 2018: $117,611Net Assets 2018: $2,323,5942018Assets 2019: $2,409,768Liabilities 2019: $117,643Net Assets 2019: $2,292,1252019Assets 2020: $2,542,192Liabilities 2020: $0Net Assets 2020: $2,542,1922020Assets 2021: $2,933,299Liabilities 2021: $0Net Assets 2021: $2,933,2992021Assets 2022: $2,206,178Liabilities 2022: $0Net Assets 2022: $2,206,1782022Assets 2023: $2,543,520Liabilities 2023: $0Net Assets 2023: $2,543,5202023

Highlighted filing

2013

Assets$923,161
Liabilities$131,031
Net Assets$792,130
Open 2013 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$1.5M$1.0M$500K$0-$500KExpenses 2011: $155,2492011Expenses 2012: $130,3652012Expenses 2013: $135,0892013Revenue 2014: $127,926Expenses 2014: $111,074Net Income 2014: $16,8522014Revenue 2015: $115,004Expenses 2015: $100,341Net Income 2015: $14,6632015Revenue 2016: $117,665Expenses 2016: $22,368Net Income 2016: $95,2972016Revenue 2017: $1,084,100Expenses 2017: $36,325Net Income 2017: $1,047,7752017Revenue 2018: $139,475Expenses 2018: $31,518Net Income 2018: $107,9572018Revenue 2019: $142,810Expenses 2019: $215,129Net Income 2019: -$72,3192019Revenue 2020: $357,752Expenses 2020: $140,448Net Income 2020: $217,3042020Revenue 2021: $91,530Expenses 2021: $246,051Net Income 2021: -$154,5212021Revenue 2022: $106,037Expenses 2022: $212,370Net Income 2022: -$106,3332022Revenue 2023: $183,176Expenses 2023: $30,399Net Income 2023: $152,7772023

Highlighted filing

2013

Revenue-
Expenses$135,089
Net Income-
Open 2013 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2012 to Jun 30, 2013
Signed
May 13, 2014
Return Version
2012v2.1
Gross Receipts
$166,755
Mission and Program Overview

Mission

NONE

Major Activities

Activity 2
Wolsa foundation is organized solely and exclusively to support and benefit concordia lutheran schools of omaha, inc. Of omaha, nebraska.
Filing and Contact Details

Filer

EIN
68-0529229
Raw XML AppendixShowing 400 of 460 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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IRS990ScheduleD/Form990ScheduleDPartXIII/Explanation0WOLSA FOUNDATION HOLDS ENDOWMENT FUNDS FOR SUPPORT OF THE PROGRAMS AND OPERATIONS OF CONCORDIA LUTHERAN SCHOOLS OF OMAHA, INC. SUCH AS SCHOLARSHIPS ON TUITION FOR STUDENTS WHO SHOW FINANCIAL NEED.
IRS990ScheduleD/Form990ScheduleDPartXIII/Explanation1CONCORDIA IS A NOT-FOR-PROFIT ORGANIZATION AS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND HAS RECEIVED A DETERMINATION LETTER THAT IT IS EXEMPT FROM FEDERAL INCOME TAXES ON RELATED INCOME PURSUANT TO SECTION 501(A) OF THE INTERNAL REVENUE CODE. IN ACCORDANCE WITH IRS REGULATIONS, THE SCHOOL IS NOT REQUIRED TO FILE AN INCOME TAX RETURN. THE FOUNDATION IS AN INDEPENDENT NONPROFIT CORPORATION AND QUALIFIES AS A TAX EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. ANNUALLY, IT FILES FORM 990, RETURN OF AN ORGANIZATION EXEMPT FROM INCOME TAXES, WITH THE INTERNAL REVENUE SERVICE. THE FOUNDATION QUALIFIES FOR THE CHARITABLE CONTRIBUTION DEDUCTION UNDER SECTION 170(B)(1)(A) AND HAS BEEN CLASSIFIED AS AN ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION UNDER SECTION 509(A)(1). CONCORDIA ACCOUNTS FOR UNCERTAINTIES IN ACCOUNTING FOR INCOME TAX ASSETS AND LIABILITIES USING GUIDANCE INCLUDED IN ASC 740, INCOME TAXES. CONCORDIA RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT OF BEING SUSTAINED. AT JUNE 30, 2013, CONCORDIA EVALUATED ITS TAX POSITIONS AND CONCLUDED THAT CONCORDIA HAD MAINTAINED ITS TAX EXEMPT STATUS AND HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE CONSOLIDATED FINANCIAL STATEMENTS. WITH FEW EXCEPTIONS, CONCORDIA IS NO LONGER SUBJECT TO U.S. FEDERAL INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR THE YEARS BEFORE 2010. THEREFORE, NO PROVISION OR LIABILITY FOR INCOME TAXES HAS BEEN INCLUDED IN THE CONSOLIDATED FINANCIAL STATEMENTS.
IRS990ScheduleD/Form990ScheduleDPartXIII/Identifier0DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS:
IRS990ScheduleD/Form990ScheduleDPartXIII/Identifier1DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48:
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IRS990ScheduleI/Form990ScheduleIPartIV/Explanation0SCHEDULE I, PART I, LINE 2: THE MONEY WAS CONTRIBUTED TO CONCORDIA LUTHERAN SCHOOLS OF OMAHA, INC., A RELATED ORGANIZATION. THE FOUNDATION IS ABLE TO MONITOR THE USE OF THE FUNDS DUE TO ITS CLOSE RELATIONSHIP WITH CONCORDIA LUTHERAN SCHOOLS OF OMAHA, INC.
IRS990ScheduleI/Form990ScheduleIPartIV/Identifier0PROCEDURE FOR MONITORING GRANTS IN THE U.S.:
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IRS990ScheduleI/RecipientTable/PurposeOfGrant0SUPPORT THE PROGRAMS OF CONCORDIA LUTHERAN SCHOOLS
IRS990ScheduleI/RecipientTable/RecipientNameBusiness/BusinessNameLine10CONCORDIA LUTHERAN SCHOOLS OF OMAHA INC
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IRS990ScheduleO/GeneralExplanation/Explanation0CONCORDIA LUTHERAN SCHOOLS OF OMAHA, INC., A RELATED ORGANIZATION, ELECTS AT LEAST TWO MEMBERS OF THE BOARD OF DIRECTORS FOR WOLSA FOUNDATION, INC.
IRS990ScheduleO/GeneralExplanation/Explanation1CONCORDIA LUTHERAN SCHOOLS OF OMAHA, INC., A RELATED ORGANIZATION, HAS COMPLETE CONTROL OVER THE DECISION OF THE BOARD OF DIRECTORS OF WOLSA FOUNDATION, INC.
IRS990ScheduleO/GeneralExplanation/Explanation2THE FORM 990 IS REVIEWED BY THE ACCOUNTANT, FINANCE MANAGER AND THE PRESIDENT OF THE FOUNDATION BOARD.
IRS990ScheduleO/GeneralExplanation/Explanation3WOLSA FOUNDATION MONITORS AND ENFORCES COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY THROUGH OPEN COMMUNICATION WITHIN THE ORGANIZATION.
IRS990ScheduleO/GeneralExplanation/Explanation4THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/GeneralExplanation/Explanation5WOLSA FOUNDATION HAS NO PAID EMPLOYEES, THEREFORE NO COMPENSATION DETERMINATION PROCESS IS NECESSARY.
IRS990ScheduleO/GeneralExplanation/Explanation6THE WOLSA FOUNDATION DOES NOT HAVE ITS OWN WRITTEN WHISTLEBLOWER POLICY, BUT IT DOES UTILIZE THE POLICY OF CONCORDIA LUTHERAN SCHOOLS OF OMAHA, INC., A RELATED ORGANIZATION.
IRS990ScheduleO/GeneralExplanation/Explanation7THE WOLSA FOUNDATION DOES NOT HAVE ITS OWN WRITTEN DOCUMENT RETENTION AND DESTRUCTION POLICY, BUT IT DOES UTILIZE THE POLICY OF CONCORDIA LUTHERAN SCHOOLS OF OMAHA, INC., A RELATED ORGANIZATION.
IRS990ScheduleO/GeneralExplanation/Explanation8THE WOLSA FOUNDATION IS AUDITED ON A CONSOLIDATED BASIS WITH CONCORDIA LUTHERAN SCHOOLS OF OMAHA, INC.
IRS990ScheduleO/GeneralExplanation/Explanation9THE BOARD OF DIRECTORS OF CONCORDIA LUTHERAN SCHOOLS OF OMAHA, INC., A RELATED ORGANIZATION, ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF THE CONSOLIDATED FINANCIAL STATEMENTS AND SELECTION OF THE INDEPENDENT ACCOUNTANT. THIS PROCESS HAS NOT CHANGED FROM PRIOR YEARS.
IRS990ScheduleO/GeneralExplanation/ReturnReference0FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/GeneralExplanation/ReturnReference1FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/GeneralExplanation/ReturnReference2FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/GeneralExplanation/ReturnReference3FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/GeneralExplanation/ReturnReference4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/GeneralExplanation/ReturnReference5FORM 990, PART VI, SECTION B, LINE 15:
IRS990ScheduleO/GeneralExplanation/ReturnReference6FORM 990, PART VI, SECTION B, LINE 13:
IRS990ScheduleO/GeneralExplanation/ReturnReference7FORM 990, PART VI, SECTION B, LINE 14:
IRS990ScheduleO/GeneralExplanation/ReturnReference8FORM 990, PART XII, LINE 2D:
IRS990ScheduleO/GeneralExplanation/ReturnReference9FORM 990, PART XII, LINE 2C:
IRS990/ScheduleORequired01
IRS990ScheduleR/DividendsRelatedOrganization00
IRS990ScheduleR/ExchangeOfAssets00
IRS990ScheduleR/Form990ScheduleRPartII/AddressUS/AddressLine1014258 W MAPLE RD
IRS990ScheduleR/Form990ScheduleRPartII/AddressUS/City0OMAHA
IRS990ScheduleR/Form990ScheduleRPartII/AddressUS/State0NE
IRS990ScheduleR/Form990ScheduleRPartII/AddressUS/ZIPCode068164
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IRS990ScheduleR/Form990ScheduleRPartII/DirectControllingEntityNA0N/A
IRS990ScheduleR/Form990ScheduleRPartII/EIN0911759397
IRS990ScheduleR/Form990ScheduleRPartII/ExemptCodeSection0501(C)
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IRS990ScheduleR/Form990ScheduleRPartII/NameOfDisregardedEntity/BusinessNameLine10CONCORDIA LUTHERAN SCHOOLS OF OMAHA INC
IRS990ScheduleR/Form990ScheduleRPartII/PrimaryActivities0LUTHERAN CHRISTIAN SCHOOLS
IRS990ScheduleR/Form990ScheduleRPartII/PublicCharityStatus0LINE 2
IRS990ScheduleR/GiftGrantOrCapContrFrOtherOrg00
IRS990ScheduleR/GiftGrantOrCapContrToOtherOrg01
IRS990ScheduleR/LoansOrGuaranteesFromOtherOrg00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrg00
IRS990ScheduleR/OtherTransferFromOtherOrg00
IRS990ScheduleR/OtherTransferToOtherOrg00
IRS990ScheduleR/PerformOfServicesByOtherOrgs00
IRS990ScheduleR/PerformOfServicesForOtherOrgs00
IRS990ScheduleR/PurchaseOfAssetsFromOtherOrg00
IRS990ScheduleR/ReceiptOfIntAnnRentsRoyalties00
IRS990ScheduleR/ReimbursementPaidByOtherOrg00
IRS990ScheduleR/ReimbursementPaidToOtherOrg00
IRS990ScheduleR/RentalOfFacilitiesFrOtherOrgs00
IRS990ScheduleR/RentalOfFacilitiesToOtherOrgs00
IRS990ScheduleR/SaleOfAssetsToOtherOrg00
IRS990ScheduleR/SharingOfFacilities01
IRS990ScheduleR/SharingOfPaidEmployees01
IRS990/School00
IRS990/SignificantChange00
IRS990/SignificantNewProgramServices00
IRS990/StateLegalDomicile0NE
IRS990/SubjectToProxyTax00
IRS990/TaxablePartyNotification00
IRS990/TaxExemptBonds00
IRS990/TemporarilyRestrictedNetAssets/BOY092950
IRS990/TemporarilyRestrictedNetAssets/EOY0103963
IRS990/Terminated00
IRS990/TermOrPermanentEndowments01
IRS990/TheBooksAreInCareOf/AddressUS/AddressLine1015656 FORT STREET
IRS990/TheBooksAreInCareOf/AddressUS/City0OMAHA
IRS990/TheBooksAreInCareOf/AddressUS/State0NE
IRS990/TheBooksAreInCareOf/AddressUS/ZIPCode068116
IRS990/TheBooksAreInCareOf/NameBusiness/BusinessNameLine10JENNIFER SHEARER
IRS990/TheBooksAreInCareOf/TelephoneNumber04029653534
IRS990/TotalAssets/BOY0886179
IRS990/TotalAssetsBOY0886179
IRS990/TotalAssets/EOY0923161
IRS990/TotalAssetsEOY0923161
IRS990/TotalCompGT150K00
IRS990/TotalContributions0106995
IRS990/TotalExpensesCurrentYear0135089
IRS990/TotalExpensesPriorYear0130365
IRS990/TotalFunctionalExpenses/Fundraising03876
IRS990/TotalFunctionalExpenses/ManagementAndGeneral00
IRS990/TotalFunctionalExpenses/ProgramServices0131213
IRS990/TotalFunctionalExpenses/Total0135089

Document Assets

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Filings

Displayed year

2013 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$923,161
Liabilities
$131,031
Net assets
$792,130
Revenue
-
Expenses
$135,089
Net income
-
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Detailed filing. Detailed filing data is available for this year.$2.54$0.00$2.54$0.18$0.03$0.15
2022Detailed filing. Detailed filing data is available for this year.$2.21$0.00$2.21$0.11$0.21$0.11
2021Detailed filing. Detailed filing data is available for this year.$2.93$0.00$2.93$0.09$0.25$0.15
2020Detailed filing. Detailed filing data is available for this year.$2.54$0.00$2.54$0.36$0.14$0.22
2019Detailed filing. Detailed filing data is available for this year.$2.41$0.12$2.29$0.14$0.22$0.07
2018Summary only. Only limited summary data is available for this year.$2.44$0.12$2.32$0.14$0.03$0.11
2017Detailed filing. Detailed filing data is available for this year.$2.27$0.16$2.11$1.08$0.04$1.05
2016Detailed filing. Detailed filing data is available for this year.$1.02$0.09$0.92$0.12$0.02$0.10
2015Detailed filing. Detailed filing data is available for this year.$1.03$0.19$0.84$0.12$0.10$0.01
2014Detailed filing. Detailed filing data is available for this year.$1.01$0.18$0.83$0.13$0.11$0.02
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.92$0.13$0.79$0.14
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.89$0.11$0.78$0.13
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.89$0.11$0.78$0.16