Alma Area Foundation

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To administer scholarships and public improvements to promote tourism.

Form 990 Part I, line 1, FY2025. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 48-1147950) · Dispute this line
501(c)(3) charity; gifts are tax-deductible.
94¢ of each $1 spent went to programs.
Run by 7 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
The latest return is for FY2025, 1 tax year back.
IRS e-file · Filing history
Surplus or deficit
2 of 6
filings with a surplus
Average deficit $6K a year · 9% of revenue · last 6 filings
A surplus in 2 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
94%
of spending
94% of spending went to programs.
Pt IX · Ln 25 · col B
24.3 mo
of spending, in cash
Plus $869K in investments, Pt X · Ln 11–13
24.3 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $13K
1 funder names it on their filings.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Liabilities are 0% of assets.
Pt X · Ln 26
Independent board members
7
of 7 voting members
7 of 7 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$137K
+9% vs prior year
Spent
$158K
To programs
94%
Net assets
$1.2M
By yearFY2020–FY2025
Revenue
$137K
FY2025▲ +9%
Tap a bar for its year
Revenue by fiscal year
FY2020$44K
FY2021$40K
FY2022−$22
FY2023$60K
FY2024$125K
FY2025$137K
Expenses
$158K
FY2025▲ +91%
Tap a bar for its year
Expenses by fiscal year
FY2020$72K
FY2021$41K
FY2022$45K
FY2023$43K
FY2024$83K
FY2025$158K
Net assets
$1.2M
FY2025▲ +8%
Tap a bar for its year
Net assets by fiscal year
FY2020$987K
FY2021$1.1M
FY2022$949K
FY2023$1.0M
FY2024$1.2M
FY2025$1.2M

From the FY2025 Form 990 · see the original

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Feb 1995.

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

Where the money goes

94 cents of each dollar spent went to programs.

Program services 94% · $149K Management & general 6% · $9K

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

7 people listed on the 990.

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Alma Area Foundation executive salaries →

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

Awards scholarships and funds public projects to boost tourism.

Questions for Alma Area Foundation

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Your first name shows with your question. Alma Area Foundation answers here, for everyone.

1 program · $149K · in their own filed words · FY2025
01

The alma area foundation currently manages multiple high school scholarships. These scholarships allow us to make a positive impact on the graduating class at wabaunsee high school each year. Class size at the high school averages around 30 students. We are able to provide scholarships for a number of those students each year.

Form 990 Part III, line 4, FY2025. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 48-1147950) · Dispute this line
$149Kprogram 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
Total grants receivedfrom 1 funder$13K
Grants paid · 14 grants · $188K · 2020–2025
Unitemized GrantFY2025$19,900
Unitemized GrantFY2025$8,131
Individual RecipientFY2025$5,000
The Heritage HomeFY2025$5,000
McFarland Senior Citizens CenterFY2025$5,000
American Legion Post #32FY2025$5,000
Unitemized GrantFY2024$25,250
Unitemized GrantFY2024$7,639
Unitemized GrantFY2023$25,200
Unitemized GrantFY2023$7,680
Unitemized GrantFY2022$25,000
Unitemized GrantFY2022$9,095
Unitemized GrantFY2021$18,150
Unitemized GrantFY2020$22,450

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$137K
Ln 12
Gifts and grantsLn 1h$122K
Investment incomeLn 3$9K
Other incomeLn 4–11$6K
Money outPt IX
$158K
Ln 25
Programscol B$149K
Managementcol C$9K
Owns and owesPt X
$1.2M
net assets · Ln 32
Cash and savingsLn 1–2$320K
Total assetsLn 16$1.2M
LiabilitiesLn 26$0
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$122K
Investment incomeLn 3$9K
Other incomeLn 4–11$6K
Total revenueLn 12$137K
Assets in detailPt X, end of year
CashLn 1$1K
SavingsLn 2$319K
Cash and savings togetherLn 1–2$320K
Land, buildings, equipmentLn 10c$59K
InvestmentsLn 11–13$869K
Total assetsLn 16$1.2M
LiabilitiesLn 26$0
Net assetsLn 32$1.2M
OperationsPt I, VI
EmployeesI 50
VolunteersI 67
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 FY25End FY25
Cash and savingsLn 1–2$324K$320K
InvestmentsLn 11–13$768K$869K
Land, buildings, equipmentLn 10c$62K$59K
Total assetsLn 16$1.2M$1.2M
LiabilitiesLn 26$3K$0
Net assetsLn 32$1.2M$1.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$111K$111K
Grants to domestic individualsLn 2$28K$28K
Accounting feesLn 11c$1K$1K
Advertising and promotionLn 12$437$437
Office expensesLn 13$5K$80$5K
Depreciation, depletion and amortizationLn 22$3K$3K
Other expenses (24a–d)Ln 24$10K$10K
Total functional expensesLn 25$158K$149K$9K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest ViewingFiled with the IRS May 15, 2026 $137K$158K−$21K$1.2M 990 PDF
FY2024Filed with the IRS May 14, 2025 $125K$83K$42K$1.2M 990 PDF
FY2023Filed with the IRS Oct 10, 2024 $60K$43K$17K$1.0M 990 PDF
FY2022Filed with the IRS Jun 15, 2023 −$22$45K−$45K$949K 990 PDF
FY2021Filed with the IRS Jun 23, 2022 $40K$41K−$974$1.1M 990 PDF
FY2020Filed with the IRS Oct 20, 2021 $44K$72K−$29K$987K 990 PDF

Schedules filed Part IV

A · Public support B · Donors D · Assets and endowments I · Grants O · Explanations
See the full FY2025 990
Part I · Summary $137,139 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $58,762$122,039
I-9 Program service revenuePrior year $51,366$0
I-10 Investment incomePrior year $9,068$8,953
I-11 Other revenuePrior year $6,239$6,147
I-12 Total revenuePrior year $125,435$137,139
I-13 Grants and similar amounts paidPrior year $32,939$138,856
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $50,067$19,272
I-18 Total expensesPrior year $83,006$158,128
I-19 Revenue less expensesPrior year $42,429−$20,989
Part VI · Governance 7 of 7 board members independent, 4 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
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 $137,139 across 6 lines filed
VIII-1b Membership dues$860
VIII-1f All other contributions, gifts and grants$121,179
VIII-1h Total contributions, gifts and grants$122,039
VIII-3 Investment incomeExcluded from tax $8,953$8,953
VIII-6 Net rental income or lossExcluded from tax $6,147$6,147
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $15,100$137,139
Part IX · Statement of functional expenses $158,128 across 7 lines filed
IX-1 Grants to domestic organizationsPrograms $110,825$110,825
IX-2 Grants to domestic individualsPrograms $28,031$28,031
IX-11c Accounting feesManagement $1,350$1,350
IX-12 Advertising and promotionPrograms $437$437
IX-13 Office expensesPrograms $80 · Management $4,920$5,000
IX-22 Depreciation, depletion and amortizationManagement $2,582$2,582
IX-24 Other expenses (24a–d)Programs $9,903$9,903
IX-25 Total functional expensesPrograms $149,276 · Management $8,852 · Fundraising $0$158,128
Part X · Balance sheet $1,248,816 assets, 12 lines filed
Net asset lines not itemized here account for $1,151,109. See the IRS return.
X-1 Cash, non-interest-bearing$1,209
X-2 Savings and temporary cash investmentsStart of year $324,286$318,912
X-10c Land, buildings and equipment, netStart of year $61,979$59,397
X-12 Other securitiesStart of year $767,755$869,298
X-16 Total assetsStart of year $1,154,020$1,248,816
X-25 Other liabilitiesStart of year $2,911$0
X-26 Total liabilitiesStart of year $2,911$0
X-29 Capital stock or trust principalStart of year $0$0
X-30 Paid-in or capital surplusStart of year $0$0
X-31 Retained earnings or endowmentStart of year $0$97,707
X-32 Total net assets or fund balancesStart of year $1,151,109$1,248,816
X-33 Total liabilities and net assetsStart of year $1,154,020$1,248,816
Part XI · Reconciliation of net assets $1,248,816 net assets at year end
XI-1 Total revenue$137,139
XI-2 Total expenses$158,128
XI-3 Revenue less expenses−$20,989
XI-4 Net assets at start of year$1,151,109
XI-5 Net unrealized gains (losses) on investments$118,696
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,248,816

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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