The Foundation exists for the purpose of raising and providing funds to Gage County, ne organizations engged in providing the educational, cultural, recreational, historical, health and all meaningful needs fo the citizens of Gage County, ne

501(c)(3) charity; gifts are tax-deductible.
95¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2020 · 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
4 of 6
filings with a surplus
Average surplus $976K a year · 66% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
95%
of spending
Looks good: 95% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
2 mo
of spending, in cash
Plus $1.3M in investments, Pt X · Ln 11–13
Fine: 2.2 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $2K
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
$353K
+40% vs prior year
Spent
$349K
To programs
95%
Net assets
$1.3M
By yearFY2019–FY2024
Revenue
$353K
FY2020▲ +40%
Tap a bar for its year
Revenue by fiscal year
FY2019$253K
FY2020$353K
FY2021$425K
FY2022$414K
FY2023$851K
FY2024$6.6M
Expenses
$349K
FY2020▲ +41%
Tap a bar for its year
Expenses by fiscal year
FY2019$247K
FY2020$349K
FY2021$502K
FY2022$458K
FY2023$682K
FY2024$766K
Net assets
$1.3M
FY2020▼ -2%
Tap a bar for its year
Net assets by fiscal year
FY2019$1.4M
FY2020$1.3M
FY2021$1.4M
FY2022$1.2M
FY2023$1.4M
FY2024$7.4M

From the FY2020 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Dec 1982.

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

Where the money goes

95 cents of each dollar spent went to programs.

Program services 95% · $330K Management & general 1% · $5K Fundraising 4% · $14K

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

15 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice Pres/Se
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
See Gage County Foundation INC 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

Funds Gage County organizations supporting education, culture, recreation, history, and health.

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Provided by the organization

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1 program · $330K · in their own filed words · FY2020
01

Funds that have been received were disbursed for the betterment of gage county nebraska, for charitable or education for inhabitants of gage county

$330Kprogram 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 · FY2024
Total grants receivedfrom 2 funders$2K
Grants paid · 134 grants · $2.1M · 2019–2024
Sheepgate Women CenterIA · FY2024$55,471
4-H Building INCFY2024$34,769
Wymore-Blue Springs Area FundNE · FY2024$28,759
Odell Public LibraryFY2024$25,323
Beatrice Sertoma ClubFY2024$21,870
Great Plains Welsh Hertiage ProjectFY2024$20,297
Food4hope of Nebraska INCNE · FY2024$18,362
Southern Youth SportsNE · FY2024$14,400
Beatrice Fine Arts BoostersFY2024$14,359
Community Players INCFY2024$14,299
Beatrice Backpack ProgramFY2024$12,157
Hope Crisis CenterNE · FY2024$11,585
Beatrice Humane Society INCNE · FY2024$10,822
See all 134 grants →

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$353K
Ln 12
Other incomeLn 4–11$256K
Investment incomeLn 3$81K
Gifts and grantsLn 1h$16K
Money outPt IX
$349K
Ln 25
Programscol B$330K
Managementcol C$5K
Fundraisingcol D$14K
Owns and owesPt X
$1.3M
net assets · Ln 32
Cash and savingsLn 1–2$64K
Total assetsLn 16$1.3M
LiabilitiesLn 26$0
PeoplePt VI, VII
15
listed · VII A
PaidVII A0
Voting boardVI 1a15
IndependentVI 1b15
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$16K
Investment incomeLn 3$81K
Other incomeLn 4–11$256K
Gains on assetsLn 7$34K
Total revenueLn 12$353K
Assets in detailPt X, end of year
CashLn 1$22K
SavingsLn 2$42K
Cash and savings togetherLn 1–2$64K
InvestmentsLn 11–13$1.3M
Total assetsLn 16$1.3M
LiabilitiesLn 26$0
Net assetsLn 32$1.3M
OperationsPt I, VI
EmployeesI 50
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 FY20End FY20
Cash and savingsLn 1–2$71K$64K
InvestmentsLn 11–13$1.3M$1.3M
Total assetsLn 16$1.4M$1.3M
LiabilitiesLn 26$0$0
Net assetsLn 32$1.4M$1.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$328K$328K
Grants to domestic individualsLn 2$2K$2K
Legal feesLn 11b$650$650
Accounting feesLn 11c$825$825
Other fees for servicesLn 11g$8K$8K
Advertising and promotionLn 12$2K$2K
Office expensesLn 13$5K$2K$4K
Other expenses (24a–d)Ln 24$1K$1K
Total functional expensesLn 25$349K$330K$5K$14K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $6.6M$766K$5.8M$7.4M 990 PDF
FY2023 $851K$682K$169K$1.4M 990 PDF
FY2022 $414K$458K−$44K$1.2M 990 PDF
FY2021 $425K$502K−$77K$1.4M 990 PDF
FY2020 Viewing $353K$349K$4K$1.3M 990 PDF
FY2019 $253K$247K$6K$1.4M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $352,774 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $21,104$15,507
I-9 Program service revenue$0
I-10 Investment incomePrior year $59,346$81,435
I-11 Other revenuePrior year $8$255,832
I-12 Total revenuePrior year $80,458$352,774
I-13 Grants and similar amounts paidPrior year $63,214$330,141
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $12,469$18,666
I-18 Total expensesPrior year $75,683$348,807
I-19 Revenue less expensesPrior year $4,775$3,967
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 $352,774 across 7 lines filed
VIII-1b Membership dues$9,785
VIII-1f All other contributions, gifts and grants$5,722
VIII-1h Total contributions, gifts and grants$15,507
VIII-3 Investment incomeRelated to mission $47,053$47,053
VIII-7 Net gain or loss on sales of assetsRelated to mission $34,382$34,382
VIII-8 Net income from fundraising events$255,832
VIII-12 Total revenueRelated to mission $81,435$352,774
Part IX · Statement of functional expenses $348,807 across 8 lines filed
IX-1 Grants to domestic organizationsPrograms $327,641$327,641
IX-2 Grants to domestic individualsPrograms $2,500$2,500
IX-11b Legal feesManagement $650$650
IX-11c Accounting feesManagement $825$825
IX-11g Other fees for servicesFundraising $8,469$8,469
IX-12 Advertising and promotionFundraising $1,741$1,741
IX-13 Office expensesManagement $1,724 · Fundraising $3,767$5,491
IX-24 Other expenses (24a–d)Management $1,490$1,490
IX-25 Total functional expensesPrograms $330,141 · Management $4,689 · Fundraising $13,977$348,807
Part X · Balance sheet $1,341,878 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $17,746$21,617
X-2 Savings and temporary cash investmentsStart of year $53,171$42,275
X-11 Publicly traded securitiesStart of year $1,299,508$1,277,986
X-16 Total assetsStart of year $1,370,425$1,341,878
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $968,177$946,324
X-28 Net assets with donor restrictionsStart of year $402,248$395,554
X-32 Total net assets or fund balancesStart of year $1,370,425$1,341,878
X-33 Total liabilities and net assetsStart of year $1,370,425$1,341,878
Part XI · Reconciliation of net assets $1,341,878 net assets at year end
XI-1 Total revenue$352,774
XI-2 Total expenses$348,807
XI-3 Revenue less expenses$3,967
XI-4 Net assets at start of year$1,370,425
XI-5 Net unrealized gains (losses) on investments−$32,514
XI-10 Net assets at end of year$1,341,878

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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