Richardson Foundation INC: FY2020 Nonprofit Profile & Form 990 (EIN 47-0703029)

Revenue by fiscal year
FY2020	$80K
FY2021	$75K
FY2022	$157K
FY2023	$166K
FY2024	$136K
FY2025	$149K

Expenses by fiscal year
FY2020	$98K
FY2021	$59K
FY2022	$75K
FY2023	$80K
FY2024	$171K
FY2025	$86K

Net assets by fiscal year
FY2020	$1.5M
FY2021	$1.5M
FY2022	$1.6M
FY2023	$1.7M
FY2024	$1.6M
FY2025	$1.7M

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jul 1987.

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

Where the money goes

98 cents of each dollar spent went to programs.

98%

Program services 98% · $96K Management & general 2% · $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

5 people listed on the 990.

Part VII, Section A · reportable compensation

Steve Kottich

President

$0Pt VII · Sec A

Dan Hill

Vice Preside

$0Pt VII · Sec A

Kevin Malone

Treasurer

$0Pt VII · Sec A

Marc Morehead

Secretary

$0Pt VII · Sec A

Terry Malcolm

Director

$0Pt VII · Sec A

See Richardson 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 2Yes
Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Improves quality of life for residents in Richardson County, Nebraska.

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Provided by the organization

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3 programs · $83K · in their own filed words · FY2020

01

The organization collected donations and contributed to the upkeep of the itha krumme arboretum. Nebraska's finest arboretum and nature trails are located near stanton lake park in falls city, nebraska.

$68Kprogram expense

02

The organization supported the falls city economic development & growth enterprise, inc. (edge) in the effort to attract new and maintain existing businesses in richardson county, nebraska which helps the entire county grow and prosper.

$11Kprogram expense

03

The organization supported the back pack program which provides weekend meals through direct purchases of food from the food bank of lincoln, ne for needy falls city school children.

$4Kprogram 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

American Endowment FoundationFY2024$50K

Total grants receivedfrom 1 funder$50K

Grants paid · 16 grants · $323K · 2020–2025

City of Falls CityFY2025$16,661

Jet Award Foundation & Trust INCNE · FY2025$15,000

Richardson County House of HopeNE · FY2025$8,000

Christ Lutheran ChurchFY2024$65,000

Verdon Volunteer Fire DepartmentFY2024$30,000

City of Falls CityFY2024$24,341

City of Falls CityFY2023$23,015

Falls City Economic Development Andgrowth Enterprise INCNE · FY2022$12,650

Falls City Public SchoolsFY2022$12,000

Community Medical Center INCNE · FY2022$6,000

City of Falls CityFY2022$5,671

Falls City Economic Development Andgrowth Enterprise INCNE · FY2021$13,750

Community Medical Center INCNE · FY2021$7,500

City of Falls CityFY2021$5,080

City of Falls CityFY2020$67,881

Falls City Economic Development Andgrowth Enterprise INCNE · FY2020$10,700

By the numbers

The FY2020 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$80K

Ln 12

Gifts and grantsLn 1h$59K

Investment incomeLn 3$20K

Money outPt IX

$98K

Ln 25

Programscol B$96K

Managementcol C$2K

Owns and owesPt X

$1.5M

net assets · Ln 32

Cash and savingsLn 1–2$942K

Total assetsLn 16$1.5M

LiabilitiesLn 26$0

PeoplePt VI, VII

5

listed · VII A

PaidVII A0

Voting boardVI 1a5

IndependentVI 1b5

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$59K

Investment incomeLn 3$20K

Total revenueLn 12$80K

Assets in detailPt X, end of year

CashLn 1$30K

SavingsLn 2$912K

Cash and savings togetherLn 1–2$942K

Total assetsLn 16$1.5M

LiabilitiesLn 26$0

Net assetsLn 32$1.5M

OperationsPt I, VI

EmployeesI 50

VolunteersI 650

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

Line	Start FY20	End FY20
Cash and savingsLn 1–2	$1.4M	$942K
Total assetsLn 16	$1.5M	$1.5M
LiabilitiesLn 26	$0	$0
Net assetsLn 32	$1.5M	$1.5M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic organizationsLn 1	$92K	$92K
Accounting feesLn 11c	$1K		$1K
Advertising and promotionLn 12	$128		$128
Office expensesLn 13	$40		$40
OccupancyLn 16	$600		$600
InsuranceLn 23	$500		$500
Other expenses (24a–d)Ln 24	$4K	$4K
Total functional expensesLn 25	$98K	$96K	$2K	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest	$149K	$86K	$63K	$1.7M	990 PDF
FY2024	$136K	$171K	−$35K	$1.6M	990 PDF
FY2023	$166K	$80K	$85K	$1.7M	990 PDF
FY2022	$157K	$75K	$82K	$1.6M	990 PDF
FY2021	$75K	$59K	$16K	$1.5M	990 PDF
FY2020 Viewing	$80K	$98K	−$19K	$1.5M	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 FY2020 990 (6 parts)

Part I · Summary $79,584 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $155,344$59,166

I-9 Program service revenue$0

I-10 Investment incomePrior year $26,517$20,418

I-11 Other revenue$0

I-12 Total revenuePrior year $181,861$79,584

I-13 Grants and similar amounts paidPrior year $109,429$91,581

I-14 Benefits paid to members$0

I-15 Salaries and benefits$0

I-16a Professional fundraising fees$0

I-17 Other expensesPrior year $46,169$6,655

I-18 Total expensesPrior year $155,598$98,236

I-19 Revenue less expensesPrior year $26,263−$18,652

Part VI · Governance 5 of 5 board members independent, 5 to look at

VI-1a Voting members of the governing body5

VI-1b Independent voting members5

VI-2 Family or business relationship among officers or directorsYes

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

Part VIII · Statement of revenue $79,584 across 4 lines filed

VIII-1f All other contributions, gifts and grants$59,166

VIII-1h Total contributions, gifts and grants$59,166

VIII-3 Investment incomeRelated to mission $20,418$20,418

VIII-12 Total revenueRelated to mission $20,418$79,584

Part IX · Statement of functional expenses $98,236 across 7 lines filed

IX-1 Grants to domestic organizationsPrograms $91,581$91,581

IX-11c Accounting feesManagement $1,000$1,000

IX-12 Advertising and promotionManagement $128$128

IX-13 Office expensesManagement $40$40

IX-16 OccupancyManagement $600$600

IX-23 InsuranceManagement $500$500

IX-24 Other expenses (24a–d)Programs $4,387$4,387

IX-25 Total functional expensesPrograms $95,968 · Management $2,268 · Fundraising $0$98,236

Part X · Balance sheet $1,471,254 assets, 7 lines filed

Asset lines not itemized here account for $528,884; see the IRS return.

X-1 Cash, non-interest-bearingStart of year $6,262$29,933

X-2 Savings and temporary cash investmentsStart of year $1,370,260$912,437

X-16 Total assetsStart of year $1,489,906$1,471,254

X-26 Total liabilitiesStart of year $0$0

X-27 Net assets without donor restrictionsStart of year $1,489,906$1,471,254

X-32 Total net assets or fund balancesStart of year $1,489,906$1,471,254

X-33 Total liabilities and net assetsStart of year $1,489,906$1,471,254

Part XI · Reconciliation of net assets $1,471,254 net assets at year end

XI-1 Total revenue$79,584

XI-2 Total expenses$98,236

XI-3 Revenue less expenses−$18,652

XI-4 Net assets at start of year$1,489,906

XI-10 Net assets at end of year$1,471,254

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

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Richardson Foundation INC FY2020 filing

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for Richardson Foundation INC

Funders

Grants

By the numbers

Filing history

Schedules filed Part IV