Lyons Community Foundation EIN 36-3693096 Form 990 (PDF) Claim this org

Lyons Community Foundation FY2021 filing

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Distributes funds for civic, educational, cultural needs, and economic development. For fiscal year 2021 it reported $18K in revenue, $5K in expenses, and $601K in net assets.Pt I

Type
Public foundation / grantmaker · Foundations & Grantmakers
Location
Lyons, NE
Filings
6 on file (2020–2021)
Revenue
$18KFY2021
Expenses
$5K
Net assets
$601K
People
9
Filings
6
Updates
0
More identity details & actions ⌄
EIN  36-3693096 Public foundation / grantmaker Lyons, NE
Form 990 (PDF)
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →
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Size
<$100K
What they do
Distributes funds for civic, educational, cultural needs, and economic development.
Leadership
Gene Nelsen · President/Di
Money in and out
$18K revenue, $5K expenses
Bottom line
100% program efficiency
Grants paid & assets · FY2021
Total revenue
$18K
Pt VIII · Ln 12
Total expenses
$5K
Pt IX · Ln 25
Net assets
$601K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $13K
Where spending went · Part IX cols B–D
Program services $1.00
Program efficiency
100%
of spending reaches programs
Operating runway
1718.6mo
months of highly liquid reserves at operating expense rate
Surplus margin
+74%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Revenue
$18K
FY2021▼ -17%
Expenses
$5K
FY2021▲ ×45
Total assets
$659K
FY2021▲ +3%
Total liabilities
$57K
FY2021▲ +10%
Total revenue
$18K
Pt VIII · Ln 12
Total expenses
$5K
Pt IX · Ln 25
Net assets
$601K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$13K
Total assetsPt X · Ln 16$659K
Program-expense ratioPt IX · col B100%
Voting members of governing bodyPt I · Ln 39
Independent voting membersPt I · Ln 49

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CLyons Community Foundation
EINHdr · item D36-3693096
Principal addressHdr · item CLyons, NE
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MNE
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFFoundations & Grantmakers (T30)
Ruling yearIRS BMFMay 1994

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a9
Independent voting membersPt VI · Ln 1b9
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
President/Di
$0Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
Treaurer/Dir
$0Pt VII · Sec A
Secretary/Di
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
See Lyons Community Foundation executive salaries →

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Mission & Programs · Part III

Where the work happens

3 program services account for $5K of program spending, described in the organization's own filed words · FY2021.
01

Scholarship endowment fund account generates funds used to grant scholarships to deserving graduates of lyons - decatur northeast school who are intending to continue their educaton. Three scholarships of 1,500,EACH, were awarded in 2021.

$5Kprogram expense
02

Designated fund accounts are established for specific purposes, where interest and principal are returned back to specific designated individuals managed in 2021 included the following contributions to the following specific funds; robert hilt scholarshiop fund 1,500; kirk 1 scholarship fund 2,335; megan cameron class of 2002 scholarship…

Pt IX · col B
03

Endowment fund account benefits the community with grants from interest earned, awarded primarily for community economic development meeting civic, educational, cultural, recreational, humanitarian or health needs to community members.

Pt IX · col B

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Statement of Revenue

Part VIII
Contributions & grants$11K · 63%
Investment income$7K · 37%
Contributions & grants63%$11K
Investment income37%$7K
Total revenueLn 12$18K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $1.00
Program services100%$5K
Total functional expensesLn 25$5K

Balance Sheet

Part X · end of year
CashLn 1$659K
Total assetsLn 16$659K
Total liabilitiesLn 26$57K
Total net assetsLn 32$601K
Months of cash on handcomputed1718.6

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $659K · Operating expenses/yr $5K
1718.6 months
Where the money goes
Program services
Program services $5K · Total expenses $5K
100%
Management & General
Management & general $0 · Total expenses $5K
0%
Fundraising
Fundraising $0 · Total expenses $5K
0%
Cost to raise $1
Fundraising expense (2-yr avg) $0 · Solicited contributions (2-yr avg) $10K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $11K · Total revenue $18K
63%
Government reliance
Government grants — · Total revenue $18K
Earned-income share
Program service revenue $0 · Total revenue $18K
0%
Investment reliance
Investment income $7K · Total revenue $18K
+37%
Program self-sufficiency
Program service revenue $0 · Total expenses $5K
0%
Growth & trend
Revenue growth (YoY)
This year $18K · Prior year $21K
Prior-year revenue below floor — showing dollar change
Net-asset trend (YoY)
End of year $601K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $18K · Expenses $5K
+74%
Liabilities-to-Assets
Total liabilities — · Total assets $659K
Net-asset ratio
Net assets $601K · Total assets $659K
91%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $659K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Gene Nelsen · Reported title PRESIDENT/DI · Highest reported compensation $0 · Total expenses $5K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $5K
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 100%
Overhead ratio 0%
Fundraising cost ratio 0%
Revenue growth -17%

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.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 2 funders$16K
Grants paid · 4 grants · $61K · 2022–2025
Unitemized GrantFY2025$13,500
Unitemized GrantFY2024$21,500
Unitemized GrantFY2023$11,500
Unitemized GrantFY2022$14,500

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$72K revenue · ⤓ 990 PDF
FY2024$71K revenue · ⤓ 990 PDF
FY2023$73K revenue · ⤓ 990 PDF
FY2022$37K revenue · ⤓ 990 PDF
FY2021$18K revenue · viewing · ⤓ 990 PDF
FY2020$21K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
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