Tri County Educational Foundation INC EIN 36-4137912 Form 990 (PDF) Claim this org

Tri County Educational Foundation INC

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Supports academic programs in Tri-County schools. For fiscal year 2024 it reported $145K in revenue, $68K in expenses, and $928K in net assets.Pt I

Type
Public charity (501(c)(3)) · Nonprofit
Location
De Witt, NE
Filings
5 on file (2020–2024)
Revenue
$145KFY2024
Expenses
$68K
Net assets
$928K
People
8
Filings
5
Updates
0
More identity details & actions ⌄
EIN  36-4137912 Public charity (501(c)(3)) De Witt, NE
Form 990 (PDF)
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Size
$100K–1M
What they do
Supports academic programs in Tri-County schools.
Leadership
Kyle Spilker · President
Money in and out
$145K revenue, $68K expenses
Bottom line
80% program efficiency
Where the money goes · FY2024
Total revenue
$145K
Pt VIII · Ln 12
Total expenses
$68K
Pt IX · Ln 25
Net assets
$928K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $77K
Where spending went · Part IX cols B–D
Program services $0.80 Management & general $0.20
Program efficiency
80%
of spending reaches programs▼ -4% vs prior filing year
Operating runway
168.2mo
months of highly liquid reserves at operating expense rate▼ -10% vs prior filing year
Surplus margin
+53%
revenue over expenses, this year▲ +15% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$145K
FY2024▲ +49%
Expenses
$68K
FY2024▲ +30%
Total assets
$956K
FY2024▲ +16%
Total liabilities
$28K
FY2024
Total revenue
$145K
Pt VIII · Ln 12
Total expenses
$68K
Pt IX · Ln 25
Net assets
$928K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$77K
Total assetsPt X · Ln 16$956K
Program-expense ratioPt IX · col B80%
Voting members of governing bodyPt I · Ln 38
Independent voting membersPt I · Ln 48

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CTri County Educational Foundation INC
EINHdr · item D36-4137912
Principal addressHdr · item CDe Witt, 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 BMFNonprofit
Ruling yearIRS BMFNov 1989

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a8
Independent voting membersPt VI · Ln 1b8
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
$0Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
School Board
$0Pt VII · Sec A
Superintende
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
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Mission & Programs · Part III

Where the work happens

2 program services account for $54K of program spending, described in the organization's own filed words · FY2024.
01

Scholarships for students of tri-county public schools

$31Kprogram expense
02

Support for tri-county schools through teacher mini-grants and the school backpack program

$23Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$67K · 46%
Investment income$55K · 38%
Other revenue$23K · 16%
Contributions & grants46%$67K
Investment income38%$55K
Other revenue16%$23K
Total revenueLn 12$145K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.80 Management & general $0.20
Program services80%$54K
Management & general20%$14K
Total functional expensesLn 25$68K

Balance Sheet

Part X · end of year
CashLn 1$372K
Total assetsLn 16$956K
Total liabilitiesLn 26$28K
Total net assetsLn 32$928K
Months of cash on handcomputed65.5

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $956K · Operating expenses/yr $68K
168.2 months
Where the money goes
Program services
Program services $54K · Total expenses $68K
80%
Management & General
Management & general $14K · Total expenses $68K
20%
Fundraising
Fundraising $0 · Total expenses $68K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $60K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $67K · Total revenue $145K
46%
Government reliance
Government grants — · Total revenue $145K
Earned-income share
Program service revenue $0 · Total revenue $145K
0%
Investment reliance
Investment income $55K · Total revenue $145K
+38%
Program self-sufficiency
Program service revenue $0 · Total expenses $68K
0%
Growth & trend
Revenue growth (YoY)
This year $145K · Prior year $97K
+49%
Revenue CAGR
FY2020 $60K · FY2024 $145K
+25%
Net-asset trend (YoY)
End of year $928K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $145K · Expenses $68K
+53%
Liabilities-to-Assets
Total liabilities — · Total assets $956K
Net-asset ratio
Net assets $928K · Total assets $956K
97%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) $584K · Total assets (Pt X, ln 16) $956K
61%
People & payroll
Highest Reported Total Compensation
Individual Kyle Spilker · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $68K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $68K
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 80%
Overhead ratio 20%
Fundraising cost ratio 0%
Revenue growth 49%
Investment management fee ratio 0.9%
Accounting fee ratio 7%

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$97K
Grants paid · 10 grants · $240K · 2020–2024
Unitemized GrantFY2024$31,297
Tri County Public School DistrictFY2024$23,154
Unitemized GrantFY2023$29,142
Tri County Public School DistrictFY2023$14,615
Unitemized GrantFY2022$36,093
Tri County Public School DistrictFY2022$21,708
Unitemized GrantFY2021$27,850
Tri County Public School DistrictFY2021$23,915
Unitemized GrantFY2020$23,225
Tri County Public School DistrictFY2020$8,751

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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
FY2024 (Latest)$145K revenue · viewing · ⤓ 990 PDF
FY2023$97K revenue · ⤓ 990 PDF
FY2022$109K revenue · ⤓ 990 PDF
FY2021$209K revenue · ⤓ 990 PDF
FY2020$60K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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