Howard County Foundation INC EIN 46-4730562 Form 990 (PDF) Claim this org

Howard County Foundation INC

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Inspires generosity to fund community prosperity in Howard County. For fiscal year 2024 it reported $192K in revenue, $224K in expenses, and $2.1M in net assets.Pt I

Type
Public charity (501(c)(3)) · Community Development
Location
St Paul, NE
Filings
5 on file (2020–2024)
Revenue
$192KFY2024
Expenses
$224K
Net assets
$2.1M
People
18
Filings
5
Updates
0
More identity details & actions ⌄
EIN  46-4730562 Public charity (501(c)(3)) St Paul, NE
Form 990 (PDF)
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Size
$100K–1M
What they do
Inspires generosity to fund community prosperity in Howard County.
Leadership
Alan Brennan · Director
Money in and out
$192K revenue, $224K expenses
Bottom line
99% program efficiency
Where the money goes · FY2024
Total revenue
$192K
Pt VIII · Ln 12
Total expenses
$224K
Pt IX · Ln 25
Net assets
$2.1M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$32K
Where spending went · Part IX cols B–D
Program services $0.99 Management & general $0.01
Program efficiency
99%
of spending reaches programs▲ +5% vs prior filing year
Operating runway
111.8mo
months of highly liquid reserves at operating expense rate▲ +44% vs prior filing year
Surplus margin
-17%
revenue over expenses, this year▲ +84% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$192K
FY2024▲ +24%
Expenses
$224K
FY2024▼ -29%
Total assets
$2.1M
FY2024▲ +1%
Total liabilities
$0
FY2024
Total revenue
$192K
Pt VIII · Ln 12
Total expenses
$224K
Pt IX · Ln 25
Net assets
$2.1M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$32K
Total assetsPt X · Ln 16$2.1M
Program-expense ratioPt IX · col B99%
Voting members of governing bodyPt I · Ln 318
Independent voting membersPt I · Ln 418

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CHoward County Foundation INC
EINHdr · item D46-4730562
Principal addressHdr · item CSt Paul, 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 BMFCommunity Development (S20)
Ruling yearIRS BMFJul 2014

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a18
Independent voting membersPt VI · Ln 1b18
Conflict-of-interest policyPt VI · Ln 12aYes
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
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Howard County Foundation INC executive salaries →

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Mission & Programs · Part III

Where the work happens

3 program services account for $160K of program spending, described in the organization's own filed words · FY2024.
01

Howard County Foundation gift to Howard County Medical Center Foundation to fufill the 2nd half of the pledge for the Wellness Center

$125Kprogram expense
02

Howard Co. Foundation gift to St. Paul Schools for FFA Greenhouse construction

$20Kprogram expense
03

Howard County Foundation gift to St. Libory Fire Department for night cameras to mount on trucks for grass fires

$15Kprogram expense

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Statement of Revenue

Part VIII
Investment income$186K · 97%
Contributions & grants$6K · 3%
Program service revenue$1K · 1%
Investment income97%$186K
Contributions & grants3%$6K
Program service revenue1%$1K
Total revenueLn 12$192K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.99 Management & general $0.01
Program services99%$221K
Management & general1%$3K
Total functional expensesLn 25$224K

Balance Sheet

Part X · end of year
CashLn 1$21K
Total assetsLn 16$2.1M
Total liabilitiesLn 26$0
Total net assetsLn 32$2.1M
Months of cash on handcomputed1.1

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $2.1M · Operating expenses/yr $224K
111.8 months
Where the money goes
Program services
Program services $221K · Total expenses $224K
99%
Management & General
Management & general $3K · Total expenses $224K
1%
Fundraising
Fundraising $0 · Total expenses $224K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $9K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $6K · Total revenue $192K
3%
Government reliance
Government grants — · Total revenue $192K
Earned-income share
Program service revenue $1K · Total revenue $192K
0.5%
Investment reliance
Investment income $186K · Total revenue $192K
+97%
Program self-sufficiency
Program service revenue $1K · Total expenses $224K
0.4%
Growth & trend
Revenue growth (YoY)
This year $192K · Prior year $155K
+24%
Revenue CAGR
FY2020 $98K · FY2024 $192K
+18%
Net-asset trend (YoY)
End of year $2.1M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $192K · Expenses $224K
-17%
Liabilities-to-Assets
Total liabilities — · Total assets $2.1M
Net-asset ratio
Net assets $2.1M · Total assets $2.1M
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $2.1M · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $2.1M
99%
People & payroll
Highest Reported Total Compensation
Individual Alan Brennan · Reported title director · Highest reported compensation $0 · Total expenses $224K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $0 · Total expenses $224K
0%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 99%
Overhead ratio 1%
Fundraising cost ratio 0%
Revenue growth 24%
Investment management fee ratio 0.1%
Legal fee ratio 0%
Accounting fee ratio 0.1%

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 · this organization's grantmaking
Grants paid · 95 grants · $833K · 2020–2024
St Paul Schools-Ffa ProgramFY2024$20,000
St Libory FireFY2024$15,000
Unitemized GrantFY2024$2,000
Unitemized GrantFY2024$2,000
Unl for Jacob WellsNE · FY2024$2,000
Wayne State Col for Camryn MorganFY2024$2,000
Unmc at Unk for Olivia KoperskiNE · FY2024$2,000
Unk for Jenna JakubowskiNE · FY2024$2,000
Unl for Madison HirschmanNE · FY2024$2,000
Unmc Kearney for Tayla GoettscheNE · FY2024$2,000
Unl for Asia AmbroseNE · FY2024$2,000
Iowa Western Cc for Sam WellsFY2024$2,000
Unitemized GrantFY2024$1,132
Unk for Mikayla MrkvickaNE · FY2024$1,000
Sd State U for Nick BusseFY2024$1,000
Unk for Maya BeckerNE · FY2024$1,000
See all 95 grants →

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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)$192K revenue · viewing · ⤓ 990 PDF
FY2023$155K revenue · ⤓ 990 PDF
FY2022$172K revenue · ⤓ 990 PDF
FY2021$447K revenue · ⤓ 990 PDF
FY2020$98K 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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