Wahoo Community Foundation FY2021 filing

Tax-deductible

Wahoo, NE501(c)(3)EIN 47-0720663Revenue $599K in FY2021

On file with the IRS640 N Broadway St, 68066-1608 · Wahoo, NETax-exempt since Dec 1989Publicly supported charity — 170(b)(1)(A)(vi)

Tell your story. Claim this org

Charitable fund for the benefit of the Community of Wahoo, nebraska

501(c)(3) charity; gifts are tax-deductible.
75¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · 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
75%
of spending
Fine: 75% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Cash reserves
2 mo
of spending, in cash
Fine: 2.4 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$12K
0.3% of total assets
Looks good: liabilities are 0% 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
$599K
+287% vs prior year
Spent
$232K
To programs
75%
Net assets
$3.7M
By yearFY2020–FY2024
Revenue
$599K
FY2021▲ +287%
Tap a bar for its year
Revenue by fiscal year
FY2020$155K
FY2021$599K
FY2022$211K
FY2023$599K
FY2024$396K
Expenses
$232K
FY2021▲ +100%
Tap a bar for its year
Expenses by fiscal year
FY2020$116K
FY2021$232K
FY2022$210K
FY2023$223K
FY2024$285K
Net assets
$3.7M
FY2021▲ +11%
Tap a bar for its year
Net assets by fiscal year
FY2020$3.3M
FY2021$3.7M
FY2022$3.0M
FY2023$3.8M
FY2024$3.9M

From the FY2021 Form 990 · see the original

990 PDF Claim
You’re viewing the FY2021 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

75 cents of each dollar spent went to programs.

Program services 75% · $173K Management & general 25% · $58K

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

Something off? Claim to fix it

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 →

On this list? Claim this org

Something off? Claim to fix it

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.

Questions for Wahoo Community Foundation

Tap to ask. Wahoo Community Foundation sees how many people are interested.

Your first name shows with your question. Wahoo Community Foundation answers here, for everyone.

Provided by the organization

Know this org? Add your story

3 programs · $173K · in their own filed words · FY2021
01

Community Projects

Including hackberry park project and other support

$115Kprogram expense
02

Scholarship awards

$58Kprogram expense
03

Community chest grants (none in 2021)

Pt IX · col B

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
Individual RecipientFY2024$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 FY2021 990, line by line.

1The main four
Money inPt VIII
$599K
Ln 12
Investment incomeLn 3$483K
Gifts and grantsLn 1h$116K
Money outPt IX
$232K
Ln 25
Programscol B$173K
Managementcol C$58K
Owns and owesPt X
$3.7M
net assets · Ln 32
Cash and savingsLn 1–2$45K
Total assetsLn 16$3.7M
LiabilitiesLn 26$12K
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$116K
Fundraising eventsLn 1c$9K
Investment incomeLn 3$483K
Gains on assetsLn 7$384K
Total revenueLn 12$599K
Assets in detailPt X, end of year
CashLn 1$45K
Cash and savings togetherLn 1–2$45K
InvestmentsLn 11–13$3.7M
Total assetsLn 16$3.7M
LiabilitiesLn 26$12K
Net assetsLn 32$3.7M
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 FY21End FY21
Cash and savingsLn 1–2$3K$45K
InvestmentsLn 11–13$3.3M$3.7M
Total assetsLn 16$3.3M$3.7M
LiabilitiesLn 26$22K$12K
Net assetsLn 32$3.3M$3.7M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$101K$101K
Grants to domestic individualsLn 2$59K$59K
Management feesLn 11a$12K$12K
Investment management feesLn 11f$46K$46K
Office expensesLn 13$530$530
Other expenses (24a–d)Ln 24$14K$14K
Total functional expensesLn 25$232K$173K$58K$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 Viewing $599K$232K$368K$3.7M 990 PDF
FY2020 $155K$116K$39K$3.3M 990 PDF

More to add? Claim this org

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 FY2021 990 (6 parts)
Part I · Summary $599,273 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $54,040$116,450
I-9 Program service revenue$0
I-10 Investment incomePrior year $100,826$482,823
I-11 Other revenue$0
I-12 Total revenuePrior year $154,866$599,273
I-13 Grants and similar amounts paidPrior year $92,392$159,587
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $23,553$72,076
I-18 Total expensesPrior year $115,945$231,663
I-19 Revenue less expensesPrior year $38,921$367,610
Part VI · Governance 6 of 6 board members independent, 4 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
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 $599,273 across 6 lines filed
VIII-1c Fundraising events$8,556
VIII-1f All other contributions, gifts and grants$107,894
VIII-1h Total contributions, gifts and grants$116,450
VIII-3 Investment incomeExcluded from tax $98,657$98,657
VIII-7 Net gain or loss on sales of assetsExcluded from tax $384,166$384,166
VIII-12 Total revenueExcluded from tax $482,823$599,273
Part IX · Statement of functional expenses $231,663 across 6 lines filed
IX-1 Grants to domestic organizationsPrograms $100,695$100,695
IX-2 Grants to domestic individualsPrograms $58,892$58,892
IX-11a Management feesManagement $12,000$12,000
IX-11f Investment management feesManagement $45,966$45,966
IX-13 Office expensesManagement $530$530
IX-24 Other expenses (24a–d)Programs $13,580$13,580
IX-25 Total functional expensesPrograms $173,167 · Management $58,496 · Fundraising $0$231,663
Part X · Balance sheet $3,704,764 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $3,139$45,495
X-11 Publicly traded securitiesStart of year $3,336,280$3,659,269
X-16 Total assetsStart of year $3,339,419$3,704,764
X-18 Grants payableStart of year $22,451$12,451
X-26 Total liabilitiesStart of year $22,451$12,451
X-27 Net assets without donor restrictionsStart of year $1,021,081$1,376,683
X-28 Net assets with donor restrictionsStart of year $2,295,887$2,315,630
X-32 Total net assets or fund balancesStart of year $3,316,968$3,692,313
X-33 Total liabilities and net assetsStart of year $3,339,419$3,704,764
Part XI · Reconciliation of net assets $3,692,313 net assets at year end
XI-1 Total revenue$599,273
XI-2 Total expenses$231,663
XI-3 Revenue less expenses$367,610
XI-4 Net assets at start of year$3,316,968
XI-5 Net unrealized gains (losses) on investments$7,735
XI-10 Net assets at end of year$3,692,313

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

Your org? Add context

Made it to the end? Claim this org

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.