Wahoo Community Foundation FY2020 filing

Tax-deductible

Wahoo, NE501(c)(3)EIN 47-0720663

Charitable fund for the benefit of the community of wahoo, nebraska

501(c)(3) charity; gifts are tax-deductible.
85¢ 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
5 of 5
filings with a surplus
Average surplus $179K a year · 46% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
85%
of spending
Looks good: 85% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Concern: 0.3 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$22K
0.7% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$155K
Spent
$116K
To programs
85%
Net assets
$3.3M
By yearFY2020–FY2024
Revenue
$155K
FY2020
Revenue by fiscal year
FY2020$155K
FY2021$599K
FY2022$211K
FY2023$599K
FY2024$396K
Expenses
$116K
FY2020
Expenses by fiscal year
FY2020$116K
FY2021$232K
FY2022$210K
FY2023$223K
FY2024$285K
Net assets
$3.3M
FY2020
Net assets by fiscal year
FY2020$3.3M
FY2021$3.7M
FY2022$3.0M
FY2023$3.8M
FY2024$3.9M

From the FY2020 Form 990 · see the original

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 1989.

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

Where the money goes

85 cents of each dollar spent went to programs.

Program services 85% · $98K Management & general 15% · $17K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

4 people listed on the 990.

Part VII, Section A · reportable compensation
Vice Preside
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
See Wahoo 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

Supports the Wahoo, Nebraska community through charitable funding.

Provided by the organization

This section is blank until Wahoo Community Foundation claims this page.

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3 program services account for $98K of program spending, described in the organization's own filed words · FY2020.
01

Scholarship awards

$87Kprogram expense
02

Community Projects

Including hackberry park project and other support

$12Kprogram expense
03

Community chest grants

Pt IX · col B

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Funders

Who pays for it.

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

Grants

Schedule I · this organization's grantmaking
Grants paid · 33 grants · $580K · 2020–2024
Unitemized GrantFY2024$72,500
Wahoo Area BroadcastingFY2024$40,000
Unitemized GrantFY2024$28,000
City of Wahoo HackberryFY2024$10,000
City of Wahoo Christmas LightingFY2024$6,000
Unitemized GrantFY2024$1,200
Unitemized GrantFY2024$1,000
Unitemized GrantFY2024$500
Unitemized GrantFY2023$50,000
Unitemized GrantFY2023$20,000
City of Wahoo Christmas LightingFY2023$11,920
City of Wahoo HackberryFY2023$10,000
Unitemized GrantFY2023$1,000
Unitemized GrantFY2023$500
Unitemized GrantFY2022$45,000
Unitemized GrantFY2022$28,000
Saunders Co Youth ServicesFY2022$8,500
Unitemized GrantFY2022$1,755
See all 33 grants →

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$155K
Ln 12
Investment incomeLn 3$101K
Gifts and grantsLn 1h$54K
Money outPt IX
$116K
Ln 25
Programscol B$98K
Managementcol C$17K
Owns and owesPt X
$3.3M
net assets · Ln 32
Cash and savingsLn 1–2$3K
Total assetsLn 16$3.3M
LiabilitiesLn 26$22K
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$54K
Fundraising eventsLn 1c$35K
Investment incomeLn 3$101K
Gains on assetsLn 7$40K
Total revenueLn 12$155K
Assets in detailPt X, end of year
CashLn 1$3K
Cash and savings togetherLn 1–2$3K
InvestmentsLn 11–13$3.3M
Total assetsLn 16$3.3M
LiabilitiesLn 26$22K
Net assetsLn 32$3.3M
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 FY20End FY20
Cash and savingsLn 1–2$43K$3K
InvestmentsLn 11–13$3.1M$3.3M
Total assetsLn 16$3.1M$3.3M
LiabilitiesLn 26$22K$22K
Net assetsLn 32$3.1M$3.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$3K$3K
Grants to domestic individualsLn 2$89K$89K
Management feesLn 11a$12K$12K
Accounting feesLn 11c$870$870
Investment management feesLn 11f$2K$2K
Office expensesLn 13$3K$3K
Other expenses (24a–d)Ln 24$6K$6K
Total functional expensesLn 25$116K$98K$17K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $396K$285K$111K$3.9M 990 PDF
FY2023 $599K$223K$377K$3.8M 990 PDF
FY2022 $211K$210K$1K$3.0M 990 PDF
FY2021 $599K$232K$368K$3.7M 990 PDF
FY2020 Viewing $155K$116K$39K$3.3M 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 (4 parts)
Part VIII · Statement of revenue $154,866 across 6 lines filed
VIII-1c Fundraising events$34,923
VIII-1f All other contributions, gifts and grants$19,117
VIII-1h Total contributions, gifts and grants$54,040
VIII-3 Investment incomeExcluded from tax $60,589$60,589
VIII-7 Net gain or loss on sales of assetsExcluded from tax $40,237$40,237
VIII-12 Total revenueExcluded from tax $100,826$154,866
Part IX · Statement of functional expenses $115,945 across 7 lines filed
IX-1 Grants to domestic organizationsPrograms $3,477$3,477
IX-2 Grants to domestic individualsPrograms $88,915$88,915
IX-11a Management feesManagement $12,000$12,000
IX-11c Accounting feesManagement $870$870
IX-11f Investment management feesManagement $1,633$1,633
IX-13 Office expensesManagement $2,953$2,953
IX-24 Other expenses (24a–d)Programs $6,097$6,097
IX-25 Total functional expensesPrograms $98,489 · Management $17,456 · Fundraising $0$115,945
Part X · Balance sheet $3,339,419 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $43,414$3,139
X-11 Publicly traded securitiesStart of year $3,061,917$3,336,280
X-16 Total assetsStart of year $3,105,331$3,339,419
X-18 Grants payableStart of year $22,451$22,451
X-26 Total liabilitiesStart of year $22,451$22,451
X-27 Net assets without donor restrictionsStart of year $1,039,057$1,021,081
X-28 Net assets with donor restrictionsStart of year $2,043,823$2,295,887
X-32 Total net assets or fund balancesStart of year $3,082,880$3,316,968
X-33 Total liabilities and net assetsStart of year $3,105,331$3,339,419
Part XI · Reconciliation of net assets $3,316,968 net assets at year end
XI-1 Total revenue$154,866
XI-2 Total expenses$115,945
XI-3 Revenue less expenses$38,921
XI-4 Net assets at start of year$3,082,880
XI-5 Net unrealized gains (losses) on investments$195,167
XI-10 Net assets at end of year$3,316,968

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

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