Wayne Community Schools Foundation FY2022 filing

Tax-deductible

Wayne, NE501(c)(3)EIN 36-3593896Revenue $308K in FY2022

On file with the IRSwaynecommunityschoolsfoundation.com305 Main St, 68787-1925 · Wayne, NETax-exempt since Dec 1988Publicly supported charity — 170(b)(1)(A)(vi)

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Our mission of the Wayne Community Schools Foundation is to support "learning for life" by working with the school district, alumni, businesses, and Community to provide financial support for items not covered by the school district's funding sources.

501(c)(3) charity; gifts are tax-deductible.
71¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2023
latest Form 990
Fine: the latest return is for FY2023, 3 tax years back; within 3 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 4
filings with a surplus
Average surplus $79K a year · 20% of revenue · last 4 filings
Fine: a surplus in 3 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
71%
of spending
Fine: 71% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Cash reserves
33 mo
of spending, in cash
Looks good: 33.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $800
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$308K
-13% vs prior year
Spent
$223K
To programs
71%
Net assets
$860K
By yearFY2020–FY2023
Revenue
$308K
FY2022▼ -13%
Tap a bar for its year
Revenue by fiscal year
FY2020$461K
FY2021$356K
FY2022$308K
FY2023$470K
Expenses
$223K
FY2022▼ -3%
Tap a bar for its year
Expenses by fiscal year
FY2020$531K
FY2021$229K
FY2022$223K
FY2023$296K
Net assets
$860K
FY2022▲ +5%
Tap a bar for its year
Net assets by fiscal year
FY2020$673K
FY2021$817K
FY2022$860K
FY2023$1.1M

From the FY2022 Form 990 · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2023) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2023. IRS ruling in Dec 1988.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

71 cents of each dollar spent went to programs.

Program services 71% · $157K Management & general 24% · $54K Fundraising 5% · $11K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

5 people listed on the 990.

Part VII, Section A · reportable compensation
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
Executive Di
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2023FY2021FY2020
Brandon Foote—$45,925$57,526
Dale Parker$27,500——

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Funds school programs and resources beyond district budgets.

Questions for Wayne Community Schools Foundation

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Provided by the organization

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2 programs · $157K · in their own filed words · FY2022
01

Appropriations made to purchase equipment and supplies to aid in the education of the students of the wayne community school system.

$141Kprogram expense
02

Scholarships awarded to graduates to assist them with post-secondary education.

$16Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$800

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$308K
Ln 12
Gifts and grantsLn 1h$294K
Investment incomeLn 3$14K
Money outPt IX
$223K
Ln 25
Programscol B$157K
Managementcol C$54K
Fundraisingcol D$11K
Owns and owesPt X
$860K
net assets · Ln 32
Cash and savingsLn 1–2$619K
Total assetsLn 16$860K
LiabilitiesLn 26$0
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$294K
Investment incomeLn 3$14K
Total revenueLn 12$308K
Assets in detailPt X, end of year
CashLn 1$106K
SavingsLn 2$513K
Cash and savings togetherLn 1–2$619K
InvestmentsLn 11–13$241K
Total assetsLn 16$860K
LiabilitiesLn 26$0
Net assetsLn 32$860K
OperationsPt I, VI
EmployeesI 51
VolunteersI 6100
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$581K$619K
InvestmentsLn 11–13$236K$241K
Total assetsLn 16$817K$860K
LiabilitiesLn 26$0$0
Net assetsLn 32$817K$860K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$41K$41K
Payroll taxesLn 10$4K$4K
Accounting feesLn 11c$8K$8K
Advertising and promotionLn 12$666$666
Office expensesLn 13$5K$5K
Other expenses (24a–d)Ln 24$164K$157K$2K$5K
Total functional expensesLn 25$223K$157K$54K$11K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2023 Latest $470K$296K$174K$1.1M 990 PDF
FY2022 Viewing $308K$223K$85K$860K 990 PDF
FY2021 $356K$229K$127K$817K 990 PDF
FY2020 $461K$531K−$70K$673K 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
See the full FY2022 990 (6 parts)
Part I · Summary $307,862 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $336,695$293,858
I-9 Program service revenue$0
I-10 Investment incomePrior year $19,190$14,004
I-11 Other revenue$0
I-12 Total revenuePrior year $355,885$307,862
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $50,209$44,770
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $178,781$177,768
I-18 Total expensesPrior year $228,990$222,538
I-19 Revenue less expensesPrior year $126,895$85,324
Part VI · Governance 9 of 9 board members independent, 4 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $307,862 across 4 lines filed
VIII-1f All other contributions, gifts and grants$293,858
VIII-1h Total contributions, gifts and grants$293,858
VIII-3 Investment incomeRelated to mission $14,004$14,004
VIII-12 Total revenueRelated to mission $14,004$307,862
Part IX · Statement of functional expenses $222,538 across 6 lines filed
IX-7 Other salaries and wagesManagement $40,879$40,879
IX-10 Payroll taxesManagement $3,891$3,891
IX-11c Accounting feesManagement $7,500$7,500
IX-12 Advertising and promotionFundraising $666$666
IX-13 Office expensesFundraising $5,143$5,143
IX-24 Other expenses (24a–d)Programs $157,071 · Management $1,944 · Fundraising $5,444$164,459
IX-25 Total functional expensesPrograms $157,071 · Management $54,214 · Fundraising $11,253$222,538
Part X · Balance sheet $860,189 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $69,277$106,156
X-2 Savings and temporary cash investmentsStart of year $511,677$512,860
X-11 Publicly traded securitiesStart of year $235,683$241,173
X-16 Total assetsStart of year $816,637$860,189
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $145,077$123,556
X-28 Net assets with donor restrictionsStart of year $671,560$736,633
X-32 Total net assets or fund balancesStart of year $816,637$860,189
X-33 Total liabilities and net assetsStart of year $816,637$860,189
Part XI · Reconciliation of net assets $860,189 net assets at year end
XI-1 Total revenue$307,862
XI-2 Total expenses$222,538
XI-3 Revenue less expenses$85,324
XI-4 Net assets at start of year$816,637
XI-5 Net unrealized gains (losses) on investments−$41,772
XI-10 Net assets at end of year$860,189

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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