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Waverly Community Foundation FY2021 filing

Tax-deductible

Waverly, NE501(c)(3)Foundations & Grantmakers EIN 36-3711198Revenue $180K in FY2021Latest return filed Dec 1, 2025

On file with the IRSwcfsocialhall.orgWaverly, NETax-exempt since Sep 1994Publicly supported charity — 170(b)(1)(A)(vi)

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To provide rental and recreational facilities for the Community of Waverly, nebraska.

501(c)(3) charity; gifts are tax-deductible.
26¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 5
filings with a surplus
Average deficit $6K a year · 4% of revenue · last 5 filings
Concern: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
26%
of spending
Concern: 26% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
18 mo
of spending, in cash
Looks good: 18.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $5K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$545
0.09% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
13
of 13 voting members
Looks good: 13 of 13 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$180K
Spent
$147K
To programs
26%
Net assets
$592K
By yearFY2021–FY2025
Revenue
$180K
FY2021
Tap a bar for its year
Revenue by fiscal year
FY2021$180K
FY2022$55K
FY2023$178K
FY2024$185K
FY2025$203K
Expenses
$147K
FY2021
Tap a bar for its year
Expenses by fiscal year
FY2021$147K
FY2022$74K
FY2023$213K
FY2024$188K
FY2025$211K
Net assets
$592K
FY2021
Tap a bar for its year
Net assets by fiscal year
FY2021$592K
FY2022$574K
FY2023$539K
FY2024$535K
FY2025$527K

From the FY2021 Form 990 (year ending June 2021) · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Sep 1994.

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

Where the money goes

26 cents of each dollar spent went to programs.

Program services 26% · $39K Management & general 20% · $29K Fundraising 54% · $80K

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

13 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Drew Ailes
Secretary
$0Pt VII · Sec A
Ryan Axmann
Board Member
$0Pt VII · Sec A
Scott Bartels
Treasurer
$0Pt VII · Sec A
Derek Bash
Board Member
$0Pt VII · Sec A
Lonnie Burkland
Board Member
$0Pt VII · Sec A
Bryce Erickson
Billing Mana
$0Pt VII · Sec A
Dan Kleinbeck
Board Member
$0Pt VII · Sec A
Dave Moore
Vice Preside
$0Pt VII · Sec A
See Waverly Community Foundation executive salaries →

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

Offers rental and recreational spaces for the Waverly, Nebraska community.

Questions for Waverly Community Foundation

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1 program · $39K · in their own filed words · FY2020
01

Development and maintenance of public recreational facilities.

$39Kprogram 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 · FY2019
Lincoln Community Foundation INCFY2019$5K
Total grants receivedfrom 1 funder$5K

By the numbers

The FY2021 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$180K
Ln 12
Other incomeLn 4–11$89K
Fees for servicesLn 2g$69K
Gifts and grantsLn 1h$19K
Money outPt IX
$147K
Ln 25
Programscol B$39K
Managementcol C$29K
Fundraisingcol D$80K
Owns and owesPt X
$592K
net assets · Ln 32
Cash and savingsLn 1–2$220K
Total assetsLn 16$592K
LiabilitiesLn 26$545
PeoplePt VI, VII
13
listed · VII A
PaidVII A0
Voting boardVI 1a13
IndependentVI 1b13
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$19K
Government grantsLn 1e$19K
Fees for servicesLn 2g$69K
Investment incomeLn 3$3K
Other incomeLn 4–11$89K
Total revenueLn 12$180K
Assets in detailPt X, end of year
CashLn 1$60K
SavingsLn 2$161K
Cash and savings togetherLn 1–2$220K
Land, buildings, equipmentLn 10c$372K
Total assetsLn 16$592K
LiabilitiesLn 26$545
Net assetsLn 32$592K
OperationsPt I, VI
EmployeesI 513
Fiscal year endsHeaderJune
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 FY21End FY21
Cash and savingsLn 1–2$173K$220K
Land, buildings, equipmentLn 10c$396K$372K
Total assetsLn 16$569K$592K
LiabilitiesLn 26$10K$545
Net assetsLn 32$559K$592K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$40K$40K
Payroll taxesLn 10$3K$3K
Accounting feesLn 11c$3K$2K$1K
Office expensesLn 13$22K$94$2K$20K
OccupancyLn 16$12K$3K$9K
Depreciation, depletion and amortizationLn 22$24K$21K$2K
InsuranceLn 23$12K$9K$3K
Other expenses (24a–d)Ln 24$29K$12K$4K$12K
All other expensesLn 24e$3K$2K$510$235
Total functional expensesLn 25$147K$39K$29K$80K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS Dec 1, 2025 $203K$211K−$8K$527K 990 PDF
FY2024Filed with the IRS Nov 8, 2024 $185K$188K−$4K$535K 990 PDF
FY2023Filed with the IRS Dec 11, 2023 $178K$213K−$35K$539K 990 PDF
FY2022Filed with the IRS Nov 15, 2022 $55K$74K−$18K$574K 990 PDF
FY2021 ViewingFiled with the IRS Nov 3, 2021 $180K$147K$32K$592K 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2021 990 (6 parts)
Part I · Summary $179,723 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $6,148$18,878
I-9 Program service revenuePrior year $109,488$69,120
I-10 Investment incomePrior year $3,955$2,837
I-11 Other revenuePrior year $31,400$88,888
I-12 Total revenuePrior year $150,991$179,723
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $40,750$42,749
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $165,261$104,511
I-18 Total expensesPrior year $206,011$147,260
I-19 Revenue less expensesPrior year −$55,020$32,463
Part VI · Governance 13 of 13 board members independent, 4 to look at
VI-1a Voting members of the governing body13
VI-1b Independent voting members13
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 $179,723 across 7 lines filed
Lines not itemized here account for $86,588 of total revenue; see the IRS return.
VIII-1e Government grants$18,538
VIII-1f All other contributions, gifts and grants$340
VIII-1h Total contributions, gifts and grants$18,878
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $69,120$69,120
VIII-3 Investment incomeRelated to mission $2,837$2,837
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $2,300$2,300
VIII-12 Total revenueRelated to mission $160,845$179,723
Part IX · Statement of functional expenses $147,260 across 9 lines filed
IX-7 Other salaries and wagesFundraising $39,650$39,650
IX-10 Payroll taxesFundraising $3,099$3,099
IX-11c Accounting feesManagement $2,034 · Fundraising $1,135$3,169
IX-13 Office expensesPrograms $94 · Management $2,327 · Fundraising $19,504$21,925
IX-16 OccupancyPrograms $3,250 · Management $8,534$11,784
IX-22 Depreciation, depletion and amortizationPrograms $21,364 · Management $2,374$23,738
IX-23 InsuranceManagement $8,598 · Fundraising $3,416$12,014
IX-24 Other expenses (24a–d)Programs $11,970 · Management $4,357 · Fundraising $12,491$28,818
IX-24e All other expensesPrograms $2,318 · Management $510 · Fundraising $235$3,063
IX-25 Total functional expensesPrograms $38,996 · Management $28,734 · Fundraising $79,530$147,260
Part X · Balance sheet $592,328 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $15,326$59,689
X-2 Savings and temporary cash investmentsStart of year $157,956$160,779
X-10c Land, buildings and equipment, netStart of year $395,600$371,860
X-16 Total assetsStart of year $568,882$592,328
X-17 Accounts payable and accrued expensesStart of year $9,562$545
X-26 Total liabilitiesStart of year $9,562$545
X-27 Net assets without donor restrictionsStart of year $559,320$591,783
X-32 Total net assets or fund balancesStart of year $559,320$591,783
X-33 Total liabilities and net assetsStart of year $568,882$592,328
Part XI · Reconciliation of net assets $591,783 net assets at year end
XI-1 Total revenue$179,723
XI-2 Total expenses$147,260
XI-3 Revenue less expenses$32,463
XI-4 Net assets at start of year$559,320
XI-10 Net assets at end of year$591,783

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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