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Bruning Community Foundation INC FY2024 filing

Tax-deductible

Bruning, NE501(c)(3)Since 1993Foundations & Grantmakers EIN 47-0750505Revenue $68K in FY2024

On file with the IRSPo Box 100, 68322-0100 · Bruning, NETax-exempt since Jul 1993Publicly supported charity — 170(b)(1)(A)(vi)

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To improve the social, educational, and economic well being of the Community of Bruning, nebraska and the surrounding areas.

501(c)(3) charity; gifts are tax-deductible.
99¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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FY2024 · 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
FY2026
latest Form 990
Looks good: the latest return is for FY2026, this tax year; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 6
filings with a surplus
Average surplus $53K a year · 30% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
99%
of spending
Looks good: 99% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
30 mo
of spending, in cash
Plus $784K in investments, Pt X · Ln 11–13
Looks good: 30.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $10K
Fine: 1 funder names 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
12
of 12 voting members
Looks good: 12 of 12 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$68K
-64% vs prior year
Spent
$289K
To programs
99%
Net assets
$2.1M
By yearFY2021–FY2026
Revenue
$68K
FY2024▼ -64%
Tap a bar for its year
Revenue by fiscal year
FY2021$210K
FY2022$315K
FY2023$190K
FY2024$68K
FY2025$171K
FY2026$99K
Expenses
$289K
FY2024▲ +54%
Tap a bar for its year
Expenses by fiscal year
FY2021$70K
FY2022$12K
FY2023$188K
FY2024$289K
FY2025$100K
FY2026$75K
Net assets
$2.1M
FY2024▼ -6%
Tap a bar for its year
Net assets by fiscal year
FY2021$1.9M
FY2022$2.2M
FY2023$2.2M
FY2024$2.1M
FY2025$2.2M
FY2026$2.3M

From the FY2024 Form 990 (year ending March 2024) · see the original

990 PDF Claim
You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2026) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2026. IRS ruling in Jul 1993.

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

Where the money goes

99 cents of each dollar spent went to programs.

Program services 99% · $286K Management & general 1% · $2K Fundraising 0% · $1K

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

12 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Fred Bruning
President
$0Pt VII · Sec A
Gina Hudson
Secretary
$0Pt VII · Sec A
Ryne Philippi
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Doug Bruning
Director
$0Pt VII · Sec A
Cathy Otto
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Bruning Community 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

Improves social, educational, and economic well-being in Bruning, Nebraska and nearby.

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Provided by the organization

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3 programs · $261K · in their own filed words · FY2023
01

Bruning Park Improvement Project

Funds received used to purchase equipment for the park in bruning.

$182Kprogram expense
02

General and captial fund operations to provide monetary grants, donations, and scholarships to improve the social, edcuational, and economic well being of the community and surrounding ares.

$70Kprogram expense
03

Fitness center that is available for membership to the community and surrounding areas.

$8Kprogram 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
Union Pacific FoundationFY2024$10K
Total grants receivedfrom 1 funder$10K
Grants paid · 17 grants · $365K · 2020–2025
Trinity Lutheran ChurchFY2025$15,000
Bruning Community ClubFY2025$8,208
Individual RecipientFY2025$6,000
Village of BelvidereFY2024$10,000
Village of Bruning - ParkFY2023$182,393
Individual RecipientFY2023$15,000
Kinder AcademyFY2022$20,000
Unitemized GrantFY2022$10,000
Belvidere Train ProjectFY2022$10,000
Bruning Community ClubFY2022$8,100
Individual RecipientFY2022$6,000
Unitemized GrantFY2022$2,000
Unitemized GrantFY2022$1,000
Unitemized GrantFY2022$850
Village of BruningFY2020$55,878
Village of BelvidereFY2020$8,810
Village of Bruning LibraryFY2020$6,200

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$68K
Ln 12
Gifts and grantsLn 1h$47K
Investment incomeLn 3$11K
Fees for servicesLn 2g$7K
Money outPt IX
$289K
Ln 25
Programscol B$286K
Managementcol C$2K
Fundraisingcol D$1K
Owns and owesPt X
$2.1M
net assets · Ln 32
Cash and savingsLn 1–2$736K
Total assetsLn 16$2.1M
LiabilitiesLn 26$0
PeoplePt VI, VII
12
listed · VII A
PaidVII A0
Voting boardVI 1a12
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$47K
Fees for servicesLn 2g$7K
Investment incomeLn 3$11K
Other incomeLn 4–11$3K
Total revenueLn 12$68K
Assets in detailPt X, end of year
SavingsLn 2$736K
Cash and savings togetherLn 1–2$736K
InvestmentsLn 11–13$784K
Land, buildings, equipmentLn 10c$552K
Total assetsLn 16$2.1M
LiabilitiesLn 26$0
Net assetsLn 32$2.1M
OperationsPt I, VI
EmployeesI 50
VolunteersI 645
Fiscal year endsHeaderMarch
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 FY24End FY24
Cash and savingsLn 1–2$1.1M$736K
InvestmentsLn 11–13$592K$784K
Land, buildings, equipmentLn 10c$552K$552K
Total assetsLn 16$2.2M$2.1M
LiabilitiesLn 26$0$0
Net assetsLn 32$2.2M$2.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$251K$251K
Grants to domestic individualsLn 2$2K$2K
Legal feesLn 11b$1K$1K
Accounting feesLn 11c$1K$1K
Advertising and promotionLn 12$71$71
Information technologyLn 14$250$250
Travel and entertainment for public officialsLn 18$1K$1K
InsuranceLn 23$5K$5K
Other expenses (24a–d)Ln 24$20K$20K
All other expensesLn 24e$8K$8K
Total functional expensesLn 25$289K$286K$2K$1K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2026 Latest $99K$75K$24K$2.3M 990 PDF
FY2025 $171K$100K$71K$2.2M 990 PDF
FY2024 Viewing $68K$289K−$222K$2.1M 990 PDF
FY2023 $190K$188K$2K$2.2M 990 PDF
FY2022 $315K$12K$303K$2.2M 990 PDF
FY2021 $210K$70K$139K$1.9M 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 FY2024 990 (6 parts)
Part I · Summary $67,665 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $157,982$46,900
I-9 Program service revenuePrior year $10,895$7,160
I-10 Investment incomePrior year $15,111$10,505
I-11 Other revenuePrior year $5,550$3,100
I-12 Total revenuePrior year $189,538$67,665
I-13 Grants and similar amounts paidPrior year $73,268$252,515
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $114,323$36,763
I-18 Total expensesPrior year $187,591$289,278
I-19 Revenue less expensesPrior year $1,947−$221,613
Part VI · Governance 12 of 12 board members independent, 4 to look at
VI-1a Voting members of the governing body12
VI-1b Independent voting members12
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 $67,665 across 6 lines filed
VIII-1f All other contributions, gifts and grants$46,900
VIII-1h Total contributions, gifts and grants$46,900
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $7,160$7,160
VIII-3 Investment incomeRelated to mission $10,505$10,505
VIII-6 Net rental income or lossRelated to mission $3,100$3,100
VIII-12 Total revenueRelated to mission $20,765$67,665
Part IX · Statement of functional expenses $289,278 across 10 lines filed
IX-1 Grants to domestic organizationsPrograms $250,815$250,815
IX-2 Grants to domestic individualsPrograms $1,700$1,700
IX-11b Legal feesManagement $1,000$1,000
IX-11c Accounting feesManagement $1,000$1,000
IX-12 Advertising and promotionPrograms $71$71
IX-14 Information technologyPrograms $250$250
IX-18 Travel and entertainment for public officialsFundraising $1,250$1,250
IX-23 InsurancePrograms $5,276$5,276
IX-24 Other expenses (24a–d)Programs $19,867$19,867
IX-24e All other expensesPrograms $8,049$8,049
IX-25 Total functional expensesPrograms $286,028 · Management $2,000 · Fundraising $1,250$289,278
Part X · Balance sheet $2,071,853 assets, 7 lines filed
X-2 Savings and temporary cash investmentsStart of year $1,057,446$735,833
X-10c Land, buildings and equipment, netStart of year $551,526$551,526
X-11 Publicly traded securitiesStart of year $592,231$784,494
X-16 Total assetsStart of year $2,201,203$2,071,853
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $2,201,203$2,071,853
X-33 Total liabilities and net assetsStart of year $2,201,203$2,071,853
Part XI · Reconciliation of net assets $2,071,853 net assets at year end
XI-1 Total revenue$67,665
XI-2 Total expenses$289,278
XI-3 Revenue less expenses−$221,613
XI-4 Net assets at start of year$2,201,203
XI-5 Net unrealized gains (losses) on investments$92,263
XI-10 Net assets at end of year$2,071,853

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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