Chadron State Foundation FY2023 filing

Chadron, NE · Public charity (501(c)(3))

✓ Tax-deductible Latest data FY2023
Revenue
$2.7M
▼ -35% vs prior year
Spent
$2.6M
To programs
79%
Net assets
$30.1M
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →

Form 990 for the fiscal year ending June 2023 (IRS tax year 2022).

Figures match the IRS filing checked 8/26/26 · see original: IRS

Status and standing

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Filed FY2024 (typical filing lag)
Foundation funders?
1 funder — The Ayco Charitable Foundation
$10K in the latest grant year.
Spent on programs?
79% to programs
Form 990 Part IX, latest filing.
Size and trend
$1–10M
↓ -35% vs prior year
Legal name (IRS)Hdr · item CChadron State Foundation
EINHdr · item D23-7352673
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFFeb 1974
Latest filingForm 990FY2025 · Form 990
Principal addressHdr · item CChadron, NE
NTEE classificationIRS BMFNonprofit
WebsiteHdr · item Jwww.csc.edu/foundation

Where the money goes

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.79 Management & general $0.09 Fundraising $0.12
Program services79%$2.1M
Management & general9%$244K
Fundraising12%$319K
Total functional expensesLn 25$2.6M

Financial health

Revenue & expenses by yearFY2021–FY2025
Revenue
$2.7M
FY2023▼ -35%
Expenses
$2.6M
FY2023▼ -2%
Program efficiency
79%
of spending reaches programs
Operating runway
139.2mo
months of highly liquid reserves at operating expense rate
Surplus margin
+2%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Total assets
$30.9M
FY2023▲ +7%
Total liabilities
$844K
FY2023▼ -10%
Revenue less expensesPt I · Ln 19$42K
Total assetsPt X · Ln 16$30.9M
Program-expense ratioPt IX · col B79%
Voting members of governing bodyPt I · Ln 316
Independent voting membersPt I · Ln 416

Balance Sheet

Part X · end of year
CashLn 1$1.5M
Total assetsLn 16$30.9M
Total liabilitiesLn 26$844K
Total net assetsLn 32$30.1M
Months of cash on handcomputed6.9

Statement of Revenue

Part VIII
Contributions & grants$1.6M · 60%
Investment income$827K · 31%
Program service revenue$263K · 10%
Contributions & grants60%$1.6M
Investment income31%$827K
Program service revenue10%$263K
Total revenueLn 12$2.7M

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $30.5M · Operating expenses (Pt IX) $2.6M · Less non-cash grants $9K · Cash operating expenses/yr $2.6M
139.2 months
Where the money goes
Program services
Program services $2.1M · Total expenses $2.6M
79%
Management & General
Management & general $244K · Total expenses $2.6M
9%
Fundraising
Fundraising $319K · Total expenses $2.6M
12%
Cost to raise $1
Fundraising expense (3-yr avg) $276K · Solicited contributions (3-yr avg) $1.9M
$0.15 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $1.6M · Total revenue $2.7M
60%
Government reliance
Government grants — · Total revenue $2.7M
—
Earned-income share
Program service revenue $263K · Total revenue $2.7M
10%
Investment reliance
Investment income $827K · Total revenue $2.7M
+31%
Program self-sufficiency
Program service revenue $263K · Total expenses $2.6M
10%
Growth & trend
Revenue growth (YoY)
This year $2.7M · Prior year $4.1M
-35%
Net-asset trend (YoY)
End of year $30.1M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $2.7M · Expenses $2.6M
+2%
Liabilities-to-Assets
Total liabilities — · Total assets $30.9M
—
Net-asset ratio
Net assets $30.1M · Total assets $30.9M
97%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $29.0M · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $30.9M
94%
People & payroll
Highest Reported Total Compensation
Individual Scott Nielsen · Reported title BOARD MEMBER · Highest reported compensation $0 · Total expenses $2.6M
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $516K · Total expenses $2.6M
20%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 79%——
Overhead ratio 9%——
Fundraising cost ratio 20%——
Revenue growth -35%——
Investment management fee ratio 0.1%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Leadership and pay

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Board Member
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
See Chadron State Foundation executive salaries →

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Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a16
Independent voting membersPt VI · Ln 1b16
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Mission and programs

Supports Chadron State College's educational mission in Western Nebraska.

Provided by the organization

This section is blank until Chadron State Foundation claims this page.

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Mission & Programs · Part III

Where the work happens

1 program service account for $2.1M of program spending, described in the organization's own filed words · FY2022.
01

The foundation provides support to chadron state college through scholarships and awards to the students of the college and provides institutional support of management and special projects related to the college.

$2.1Mprogram expense

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Funders

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2025
Total grants receivedfrom 1 funder$10K
Grants paid · 10 grants · $6.9M · 2020–2024
Unitemized GrantFY2024$1,053,075
Chadron State CollegeFY2024$91,343
Unitemized GrantFY2023$1,197,979
Chadron State CollegeFY2023$149,333
Chadron State CollegeFY2022$935,043
Unitemized GrantFY2022$874,377
Chadron State CollegeFY2021$1,019,868
Unitemized GrantFY2021$954,828
Unitemized GrantFY2020$633,785
Chadron State CollegeFY2020$37,734

Filing history

YearRevenueExpensesChangeFiling
FY2025 Latest $4.2M$1.9M+58% 990 PDF
FY2024 $2.6M$2.2M-2% 990 PDF
FY2023 Viewing $2.7M$2.6M-35% 990 PDF
FY2022 $4.1M$2.7M+30% 990 PDF
FY2021 $3.1M$1.5M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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