The foundation's purpose is to establish a charitable Foundation for charitable, civic, educational and scientific purposes for the use and benefit of persons of Kearney County, nebraska.

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 6
filings with a surplus
Average deficit $43K a year · 26% of revenue · last 6 filings
Concern: a surplus in 2 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
24 mo
of spending, in cash
Plus $772K in investments, Pt X · Ln 11–13
Looks good: 23.8 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
$140K
-58% vs prior year
Spent
$250K
To programs
100%
Net assets
$2.7M
By yearFY2020–FY2025
Revenue
$140K
FY2024▼ -58%
Tap a bar for its year
Revenue by fiscal year
FY2020$107K
FY2021$144K
FY2022$49K
FY2023$334K
FY2024$140K
FY2025$213K
Expenses
$250K
FY2024▼ -5%
Tap a bar for its year
Expenses by fiscal year
FY2020$227K
FY2021$111K
FY2022$169K
FY2023$264K
FY2024$250K
FY2025$224K
Net assets
$2.7M
FY2024▼ -4%
Tap a bar for its year
Net assets by fiscal year
FY2020$2.9M
FY2021$2.8M
FY2022$2.7M
FY2023$2.8M
FY2024$2.7M
FY2025$2.6M

From the FY2024 Form 990 · see the original

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You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Dec 1992.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $250K

Form 990 Part IX, line 25. 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
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Kearney County 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 charitable, civic, educational, and scientific causes for Kearney County, Nebraska residents.

Questions for Kearney County Community Foundation

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Provided by the organization

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1 program · $250K · in their own filed words · FY2024
01

The foundation's purpose is to establish a charitable foundation for charitable, civic, educational and scientific purposes for the use and benefit of persons of kearney county, nebraska.

$250Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2025
Total grants receivedfrom 1 funder$10K

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$140K
Ln 12
Investment incomeLn 3$60K
Gifts and grantsLn 1h$57K
Fees for servicesLn 2g$21K
Money outPt IX
$250K
Ln 25
Programscol B$250K
Owns and owesPt X
$2.7M
net assets · Ln 32
Cash and savingsLn 1–2$495K
Total assetsLn 16$2.7M
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$57K
Government grantsLn 1e$1K
Fees for servicesLn 2g$21K
Investment incomeLn 3$60K
Other incomeLn 4–11$2K
Gains on assetsLn 7$20K
Total revenueLn 12$140K
Assets in detailPt X, end of year
CashLn 1$84K
SavingsLn 2$411K
Cash and savings togetherLn 1–2$495K
InvestmentsLn 11–13$772K
Land, buildings, equipmentLn 10c$1.4M
Total assetsLn 16$2.7M
LiabilitiesLn 26$0
Net assetsLn 32$2.7M
OperationsPt I, VI
EmployeesI 50
VolunteersI 611
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 FY24End FY24
Cash and savingsLn 1–2$616K$495K
InvestmentsLn 11–13$789K$772K
Land, buildings, equipmentLn 10c$1.4M$1.4M
Total assetsLn 16$2.8M$2.7M
LiabilitiesLn 26$0$0
Net assetsLn 32$2.8M$2.7M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$1K$1K
Office expensesLn 13$82$82
OccupancyLn 16$54K$54K
Depreciation, depletion and amortizationLn 22$94K$94K
InsuranceLn 23$30K$30K
Other expenses (24a–d)Ln 24$56K$56K
All other expensesLn 24e$14K$14K
Total functional expensesLn 25$250K$250K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $213K$224K−$12K$2.6M 990 PDF
FY2024 Viewing $140K$250K−$110K$2.7M 990 PDF
FY2023 $334K$264K$70K$2.8M 990 PDF
FY2022 $49K$169K−$120K$2.7M 990 PDF
FY2021 $144K$111K$34K$2.8M 990 PDF
FY2020 $107K$227K−$120K$2.9M 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 $140,082 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $276,525$57,153
I-9 Program service revenuePrior year $21,206$21,070
I-10 Investment incomePrior year $34,986$59,858
I-11 Other revenuePrior year $913$2,001
I-12 Total revenuePrior year $333,630$140,082
I-13 Grants and similar amounts paidPrior year $1,600$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $262,262$249,855
I-18 Total expensesPrior year $263,862$249,855
I-19 Revenue less expensesPrior year $69,768−$109,773
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 $140,082 across 9 lines filed
VIII-1e Government grants$1,440
VIII-1f All other contributions, gifts and grants$55,713
VIII-1h Total contributions, gifts and grants$57,153
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $21,070$21,070
VIII-3 Investment incomeExcluded from tax $39,708$39,708
VIII-6 Net rental income or lossUnrelated business −$9,758−$9,758
VIII-7 Net gain or loss on sales of assetsExcluded from tax $20,150$20,150
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $11,759$11,759
VIII-12 Total revenueRelated to mission $21,070 · Unrelated business −$9,758 · Excluded from tax $71,617$140,082
Part IX · Statement of functional expenses $249,855 across 7 lines filed
IX-11c Accounting feesPrograms $1,080$1,080
IX-13 Office expensesPrograms $82$82
IX-16 OccupancyPrograms $54,367$54,367
IX-22 Depreciation, depletion and amortizationPrograms $94,331$94,331
IX-23 InsurancePrograms $29,745$29,745
IX-24 Other expenses (24a–d)Programs $55,921$55,921
IX-24e All other expensesPrograms $14,329$14,329
IX-25 Total functional expensesPrograms $249,855 · Management $0 · Fundraising $0$249,855
Part X · Balance sheet $2,653,936 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $194,682$83,778
X-2 Savings and temporary cash investmentsStart of year $421,392$411,272
X-10c Land, buildings and equipment, netStart of year $1,358,693$1,386,665
X-13 Program-related investmentsStart of year $788,942$772,221
X-16 Total assetsStart of year $2,763,709$2,653,936
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $1,657,179$1,580,432
X-28 Net assets with donor restrictionsStart of year $1,106,530$1,073,504
X-32 Total net assets or fund balancesStart of year $2,763,709$2,653,936
X-33 Total liabilities and net assetsStart of year $2,763,709$2,653,936
Part XI · Reconciliation of net assets $2,653,936 net assets at year end
XI-1 Total revenue$140,082
XI-2 Total expenses$249,855
XI-3 Revenue less expenses−$109,773
XI-4 Net assets at start of year$2,763,709
XI-10 Net assets at end of year$2,653,936

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

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