Owens Educational Services INC FY2020 filing

Tax-deductible

Omaha, NE501(c)(3)EducationEIN 47-0754012

Provide educational opportunities, alternatives to incarceration and life skills training to at-risk youth, disadvantaged adults and their families.

501(c)(3) charity; gifts are tax-deductible.
95¢ of each $1 spent went to programs.
$132K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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
2 of 5
filings with a surplus
Average deficit $74K a year · 7% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
95%
of spending
Looks good: 95% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$132K
to officers and key staff · 9% of spending
Looks good: pay to officers and key staff is 9% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
5 mo
of spending, in cash
Looks good: 4.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$85K
6% of total assets
Looks good: liabilities are 6% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.8M
Spent
$1.5M
To programs
95%
Net assets
$1.4M
By yearFY2020–FY2024
Revenue
$1.8M
FY2020
Revenue by fiscal year
FY2020$1.8M
FY2021$1.1M
FY2022$847K
FY2023$952K
FY2024$754K
Expenses
$1.5M
FY2020
Expenses by fiscal year
FY2020$1.5M
FY2021$1.5M
FY2022$901K
FY2023$859K
FY2024$1.0M
Net assets
$1.4M
FY2020
Net assets by fiscal year
FY2020$1.4M
FY2021$1.0M
FY2022$984K
FY2023$894K
FY2024$631K

From the FY2020 Form 990 · 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 Jul 1992.

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% · $1.5M Management & general 5% · $75K

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

Who runs it and what they're paid

10 people listed on the 990; $132K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$131,803Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Gennifer Herb’s $137K as Executive Director is at the 94th percentile of top reported officer pay among 1613 $100K–1M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2021FY2020
Gennifer Herb$136,725$131,803

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Owens Educational Services 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 15aYes
  • Loans to or from officersSch L · Pt II1 listed

Programs and updates

Offers education, job training, and alternatives to jail for at-risk youth and adults.

Provided by the organization

This section is blank until Owens Educational Services INC claims this page.

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1 program service account for $1.5M of program spending, described in the organization's own filed words · FY2020.
01

Provide educational opportunities, alternatives to incarceration and life skills training to at-risk youth, disadvantaged adults and their families.

$1.5Mprogram expense

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By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$1.8M
Ln 12
Fees for servicesLn 2g$1.7M
Investment incomeLn 3$10K
Other incomeLn 4–11$2K
Money outPt IX
$1.5M
Ln 25
Programscol B$1.5M
Managementcol C$75K
Owns and owesPt X
$1.4M
net assets · Ln 32
Cash and savingsLn 1–2$614K
Total assetsLn 16$1.5M
LiabilitiesLn 26$85K
PeoplePt VI, VII
10
listed · VII A
PaidVII A1
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$1.7M
Investment incomeLn 3$10K
Other incomeLn 4–11$2K
Total revenueLn 12$1.8M
Assets in detailPt X, end of year
CashLn 1$614K
Cash and savings togetherLn 1–2$614K
Land, buildings, equipmentLn 10c$36K
Total assetsLn 16$1.5M
LiabilitiesLn 26$85K
Net assetsLn 32$1.4M
OperationsPt I, VI
EmployeesI 536
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$220K$614K
Land, buildings, equipmentLn 10c$60K$36K
Total assetsLn 16$1.1M$1.5M
LiabilitiesLn 26$94K$85K
Net assetsLn 32$1.0M$1.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$132K$66K$66K$0
Other salaries and wagesLn 7$789K$789K$0$0
Other employee benefitsLn 9$97K$93K$4K$0
Payroll taxesLn 10$64K$59K$5K$0
Advertising and promotionLn 12$239$239$0$0
Office expensesLn 13$68K$68K$0$0
Information technologyLn 14$188K$188K$0$0
OccupancyLn 16$98K$98K$0$0
TravelLn 17$46K$46K$0$0
Depreciation, depletion and amortizationLn 22$24K$24K$0$0
InsuranceLn 23$16K$16K$0$0
Other expenses (24a–d)Ln 24$13K$13K$0$0
All other expensesLn 24e$269$269$0$0
Total functional expensesLn 25$1.5M$1.5M$75K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $754K$1.0M−$250K$631K 990 PDF
FY2023 $952K$859K$93K$894K 990 PDF
FY2022 $847K$901K−$54K$984K 990 PDF
FY2021 $1.1M$1.5M−$385K$1.0M 990 PDF
FY2020 Viewing $1.8M$1.5M$226K$1.4M 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 $1,760,710 across 3 lines filed
Lines not itemized here account for $1,826 of total revenue; see the IRS return.
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Unrelated business $0 · Excluded from tax $0$1,749,159
VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $9,725$9,725
VIII-12 Total revenueRelated to mission $1,750,985 · Unrelated business $0 · Excluded from tax $9,725$1,760,710
Part IX · Statement of functional expenses $1,534,456 across 13 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $65,902 · Management $65,901 · Fundraising $0$131,803
IX-7 Other salaries and wagesPrograms $788,509 · Management $0 · Fundraising $0$788,509
IX-9 Other employee benefitsPrograms $93,218 · Management $3,961 · Fundraising $0$97,179
IX-10 Payroll taxesPrograms $58,553 · Management $5,041 · Fundraising $0$63,594
IX-12 Advertising and promotionPrograms $239 · Management $0 · Fundraising $0$239
IX-13 Office expensesPrograms $67,792 · Management $0 · Fundraising $0$67,792
IX-14 Information technologyPrograms $187,836 · Management $0 · Fundraising $0$187,836
IX-16 OccupancyPrograms $98,111 · Management $0 · Fundraising $0$98,111
IX-17 TravelPrograms $46,046 · Management $0 · Fundraising $0$46,046
IX-22 Depreciation, depletion and amortizationPrograms $23,980 · Management $0 · Fundraising $0$23,980
IX-23 InsurancePrograms $15,905 · Management $0 · Fundraising $0$15,905
IX-24 Other expenses (24a–d)Programs $13,193 · Management $0 · Fundraising $0$13,193
IX-24e All other expensesPrograms $269 · Management $0 · Fundraising $0$269
IX-25 Total functional expensesPrograms $1,459,553 · Management $74,903 · Fundraising $0$1,534,456
Part X · Balance sheet $1,528,187 assets, 8 lines filed
Asset lines not itemized here account for $421,031; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $220,089$613,735
X-4 Accounts receivableStart of year $420,492$457,737
X-10c Land, buildings and equipment, netStart of year $59,664$35,684
X-16 Total assetsStart of year $1,126,194$1,528,187
X-17 Accounts payable and accrued expensesStart of year $94,286$85,405
X-26 Total liabilitiesStart of year $94,286$85,405
X-32 Total net assets or fund balancesStart of year $1,031,908$1,442,782
X-33 Total liabilities and net assetsStart of year $1,126,194$1,528,187
Part XI · Reconciliation of net assets $1,442,782 net assets at year end
XI-1 Total revenue$1,760,710
XI-2 Total expenses$1,534,456
XI-3 Revenue less expenses$226,254
XI-4 Net assets at start of year$1,031,908
XI-9 Other changes in net assets$184,620
XI-10 Net assets at end of year$1,442,782

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

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