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West Point Community Foundation

Tax-deductible

West Point, NE501(c)(3)Foundations & GrantmakersEIN 36-3819725Revenue $97K in FY2024

On file with the IRSwpcommunityfoundation.comPo Box 65, 68788-0065 · West Point, NETax-exempt since May 1992Publicly supported charity — 170(b)(1)(A)(vi)

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The Purpose of the Foundation is to raise and hold funds for the benefit of West Point, NE and surrounding communities.

501(c)(3) charity; gifts are tax-deductible.
97¢ of each $1 spent went to programs.
Run by 10 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average deficit $23K a year · 11% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
97%
of spending
Looks good: 97% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
102 mo
of spending, in cash
Looks good: 101.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $10K
Fine: 2 funders name 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
15
of 15 voting members
Looks good: 15 of 15 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$97K
+11% vs prior year
Spent
$64K
To programs
97%
Net assets
$1.7M
By yearFY2020–FY2024
Revenue
$97K
FY2024▲ +11%
Tap a bar for its year
Revenue by fiscal year
FY2020$137K
FY2021$559K
FY2022$225K
FY2023$88K
FY2024$97K
Expenses
$64K
FY2024▼ -39%
Tap a bar for its year
Expenses by fiscal year
FY2020$277K
FY2021$494K
FY2022$282K
FY2023$105K
FY2024$64K
Net assets
$1.7M
FY2024▲ +2%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.7M
FY2021$1.7M
FY2022$1.7M
FY2023$1.7M
FY2024$1.7M

From the FY2024 Form 990 · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in May 1992.

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

Where the money goes

97 cents of each dollar spent went to programs.

Program services 97% · $62K Management & general 3% · $2K

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

4 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See West Point Community Foundation executive salaries →

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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

Raises and holds funds to benefit West Point, NE and surrounding communities.

Questions for West Point Community Foundation

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Provided by the organization

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3 programs · $62K · in their own filed words · FY2024
01

Scholarships for students graduating from schools in the west point area

$26Kprogram expense
02

Up grade playground equipent is west point parks.

$22Kprogram expense
03

Repairs and maintenance on the nielsen center. The civic center in west point ne.

$14Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2023
Donald E Nielsen Foundation INCFY2023$10K
Edward Jones FoundationFY2023$200
Total grants receivedfrom 2 funders$10K
Grants paid · 4 grants · $70K · 2020–2024
Unitemized GrantFY2024$25,433
City of West PointFY2024$22,140
City of West PointFY2024$13,700
Unitemized GrantFY2020$8,250

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$97K
Ln 12
Investment incomeLn 3$90K
Other incomeLn 4–11$5K
Gifts and grantsLn 1h$3K
Money outPt IX
$64K
Ln 25
Programscol B$62K
Managementcol C$2K
Owns and owesPt X
$1.7M
net assets · Ln 32
Cash and savingsLn 1–2$542K
Total assetsLn 16$1.7M
LiabilitiesLn 26$0
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a15
IndependentVI 1b15
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$3K
Investment incomeLn 3$90K
Other incomeLn 4–11$5K
Gains on assetsLn 7$3K
Total revenueLn 12$97K
Assets in detailPt X, end of year
CashLn 1$33K
SavingsLn 2$509K
Cash and savings togetherLn 1–2$542K
InvestmentsLn 11–13$1.2M
Total assetsLn 16$1.7M
LiabilitiesLn 26$0
Net assetsLn 32$1.7M
OperationsPt I, VI
EmployeesI 50
VolunteersI 610
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 FY24End FY24
Cash and savingsLn 1–2$563K$542K
InvestmentsLn 11–13$1.1M$1.2M
Total assetsLn 16$1.7M$1.7M
LiabilitiesLn 26$0$0
Net assetsLn 32$1.7M$1.7M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$36K$36K
Grants to domestic individualsLn 2$25K$25K
Other fees for servicesLn 11g$3K$665$2K
Total functional expensesLn 25$64K$62K$2K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $97K$64K$33K$1.7M 990 PDF
FY2023 $88K$105K−$18K$1.7M 990 PDF
FY2022 $225K$282K−$57K$1.7M 990 PDF
FY2021 $559K$494K$65K$1.7M 990 PDF
FY2020 $137K$277K−$141K$1.7M 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 FY2024 990 (6 parts)
Part I · Summary $97,353 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $17,573$2,602
I-9 Program service revenue$0
I-10 Investment incomePrior year $64,942$89,751
I-11 Other revenuePrior year $5,100$5,000
I-12 Total revenuePrior year $87,615$97,353
I-13 Grants and similar amounts paidPrior year $103,998$61,273
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $1,381$2,661
I-18 Total expensesPrior year $105,379$63,934
I-19 Revenue less expensesPrior year −$17,764$33,419
Part VI · Governance 15 of 15 board members independent, 4 to look at
VI-1a Voting members of the governing body15
VI-1b Independent voting members15
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 $97,353 across 6 lines filed
VIII-1f All other contributions, gifts and grants$2,602
VIII-1h Total contributions, gifts and grants$2,602
VIII-3 Investment incomeExcluded from tax $86,326$86,326
VIII-7 Net gain or loss on sales of assetsRelated to mission $3,425$3,425
VIII-8 Net income from fundraising eventsExcluded from tax $5,000$5,000
VIII-12 Total revenueRelated to mission $3,425 · Excluded from tax $91,326$97,353
Part IX · Statement of functional expenses $63,934 across 3 lines filed
IX-1 Grants to domestic organizationsPrograms $35,840$35,840
IX-2 Grants to domestic individualsPrograms $25,433$25,433
IX-11g Other fees for servicesPrograms $665 · Management $1,996$2,661
IX-25 Total functional expensesPrograms $61,938 · Management $1,996 · Fundraising $0$63,934
Part X · Balance sheet $1,700,034 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $48,837$32,859
X-2 Savings and temporary cash investmentsStart of year $513,747$509,135
X-11 Publicly traded securitiesStart of year $1,104,031$1,158,040
X-16 Total assetsStart of year $1,666,615$1,700,034
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $1,666,615$1,700,034
X-33 Total liabilities and net assetsStart of year $1,666,615$1,700,034
Part XI · Reconciliation of net assets $1,700,034 net assets at year end
XI-1 Total revenue$97,353
XI-2 Total expenses$63,934
XI-3 Revenue less expenses$33,419
XI-4 Net assets at start of year$1,666,615
XI-10 Net assets at end of year$1,700,034

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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