Alma Area Foundation FY2020 filing

Tax-deductible

Alma, KS501(c)(3)Since 1994EducationEIN 48-1147950

To administer scholarships and public improvements to promote tourism.

501(c)(3) charity; gifts are tax-deductible.
89¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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
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 $6K a year · 9% of revenue · last 6 filings
Concern: a surplus in 2 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
89%
of spending
Looks good: 89% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
39 mo
of spending, in cash
Looks good: 38.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $13K
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
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$44K
Spent
$72K
To programs
89%
Net assets
$987K
By yearFY2020–FY2025
Revenue
$44K
FY2020
Revenue by fiscal year
FY2020$44K
FY2021$40K
FY2022−$22
FY2023$60K
FY2024$125K
FY2025$137K
Expenses
$72K
FY2020
Expenses by fiscal year
FY2020$72K
FY2021$41K
FY2022$45K
FY2023$43K
FY2024$83K
FY2025$158K
Net assets
$987K
FY2020
Net assets by fiscal year
FY2020$987K
FY2021$1.1M
FY2022$949K
FY2023$1.0M
FY2024$1.2M
FY2025$1.2M

From the FY2020 Form 990 · see the original

You’re viewing the FY2020 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 Feb 1995.

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

Where the money goes

89 cents of each dollar spent went to programs.

Program services 89% · $64K Management & general 11% · $8K

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

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 →

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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

Awards scholarships and funds public projects to boost tourism.

Provided by the organization

This section is blank until Alma Area Foundation claims this page.

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1 program service account for $64K of program spending, described in the organization's own filed words · FY2020.
01

The alma area foundation currently manages 13 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 13 of those students each year.

$64Kprogram expense

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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
Wabaunsee County Economic DevelopmentFY2025$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 FY2020 990, line by line.

1The main four
Money inPt VIII
$44K
Ln 12
Gifts and grantsLn 1h$27K
Other incomeLn 4–11$12K
Investment incomeLn 3$5K
Money outPt IX
$72K
Ln 25
Programscol B$64K
Managementcol C$8K
Owns and owesPt X
$987K
net assets · Ln 32
Cash and savingsLn 1–2$233K
Total assetsLn 16$987K
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$27K
Investment incomeLn 3$5K
Other incomeLn 4–11$12K
Total revenueLn 12$44K
Assets in detailPt X, end of year
CashLn 1$5K
SavingsLn 2$228K
Cash and savings togetherLn 1–2$233K
InvestmentsLn 11–13$682K
Land, buildings, equipmentLn 10c$72K
Total assetsLn 16$987K
LiabilitiesLn 26$0
Net assetsLn 32$987K
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 FY20End FY20
Cash and savingsLn 1–2$228K$233K
InvestmentsLn 11–13$653K$682K
Land, buildings, equipmentLn 10c$75K$72K
Total assetsLn 16$957K$987K
LiabilitiesLn 26$0$0
Net assetsLn 32$957K$987K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$58K$58K
Accounting feesLn 11c$950$950
Office expensesLn 13$11K$6K$5K
Depreciation, depletion and amortizationLn 22$3K$3K
Total functional expensesLn 25$72K$64K$8K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $137K$158K−$21K$1.2M 990 PDF
FY2024 $125K$83K$42K$1.2M 990 PDF
FY2023 $60K$43K$17K$1.0M 990 PDF
FY2022 −$22$45K−$45K$949K 990 PDF
FY2021 $40K$41K−$974$1.1M 990 PDF
FY2020 Viewing $44K$72K−$29K$987K 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 $43,584 across 7 lines filed
VIII-1b Membership dues$200
VIII-1f All other contributions, gifts and grants$26,805
VIII-1h Total contributions, gifts and grants$27,005
VIII-3 Investment incomeExcluded from tax $4,589$4,589
VIII-6 Net rental income or lossExcluded from tax $8,481$8,481
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $3,509$3,509
VIII-12 Total revenueRelated to mission $3,509 · Unrelated business $0 · Excluded from tax $13,070$43,584
Part IX · Statement of functional expenses $72,263 across 4 lines filed
IX-2 Grants to domestic individualsPrograms $58,168$58,168
IX-11c Accounting feesManagement $950$950
IX-13 Office expensesPrograms $6,000 · Management $4,563$10,563
IX-22 Depreciation, depletion and amortizationManagement $2,582$2,582
IX-25 Total functional expensesPrograms $64,168 · Management $8,095 · Fundraising $0$72,263
Part X · Balance sheet $987,421 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $2,259$5,076
X-2 Savings and temporary cash investmentsStart of year $226,050$228,356
X-10c Land, buildings and equipment, netStart of year $74,889$72,307
X-12 Other securitiesStart of year $653,422$681,682
X-16 Total assetsStart of year $956,620$987,421
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $956,620$987,421
X-33 Total liabilities and net assetsStart of year $956,620$987,421
Part XI · Reconciliation of net assets $987,421 net assets at year end
XI-1 Total revenue$43,584
XI-2 Total expenses$72,263
XI-3 Revenue less expenses−$28,679
XI-4 Net assets at start of year$956,620
XI-5 Net unrealized gains (losses) on investments$59,480
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$987,421

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

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