Alma Area Foundation FY2023 filing

Tax-deductible

Alma, KS501(c)(3)Since 1994EducationEIN 48-1147950Revenue $60K in FY2023

On file with the IRSPo Box 192, 66401-0192 · Alma, KSTax-exempt since Feb 1995Publicly supported — 509(a)(2)

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To administer scholarships and public improvements to promote tourism.

501(c)(3) charity; gifts are tax-deductible.
81¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2023 · 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
81%
of spending
Looks good: 81% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
74 mo
of spending, in cash
Looks good: 74.0 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
$60K
×2721 vs prior year
Spent
$43K
To programs
81%
Net assets
$1.0M
By yearFY2020–FY2025
Revenue
$60K
FY2023▲ ×2721
Tap a bar for its year
Revenue by fiscal year
FY2020$44K
FY2021$40K
FY2022−$22
FY2023$60K
FY2024$125K
FY2025$137K
Expenses
$43K
FY2023▼ -5%
Tap a bar for its year
Expenses by fiscal year
FY2020$72K
FY2021$41K
FY2022$45K
FY2023$43K
FY2024$83K
FY2025$158K
Net assets
$1.0M
FY2023▲ +9%
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 FY2023 Form 990 · see the original

Form 990 (PDF) Claim
You’re viewing the FY2023 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

81 cents of each dollar spent went to programs.

Program services 81% · $35K Management & general 19% · $8K

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 →

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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.

Questions for Alma Area Foundation

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Provided by the organization

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1 program · $35K · in their own filed words · FY2023
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.

$35Kprogram 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 FY2023 990, line by line.

1The main four
Money inPt VIII
$60K
Ln 12
Gifts and grantsLn 1h$34K
Investment incomeLn 3$13K
Other incomeLn 4–11$13K
Money outPt IX
$43K
Ln 25
Programscol B$35K
Managementcol C$8K
Owns and owesPt X
$1.0M
net assets · Ln 32
Cash and savingsLn 1–2$263K
Total assetsLn 16$1.0M
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$34K
Investment incomeLn 3$13K
Other incomeLn 4–11$13K
Total revenueLn 12$60K
Assets in detailPt X, end of year
CashLn 1−$3K
SavingsLn 2$266K
Cash and savings togetherLn 1–2$263K
InvestmentsLn 11–13$704K
Land, buildings, equipmentLn 10c$65K
Total assetsLn 16$1.0M
LiabilitiesLn 26$0
Net assetsLn 32$1.0M
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 FY23End FY23
Cash and savingsLn 1–2$252K$263K
InvestmentsLn 11–13$630K$704K
Land, buildings, equipmentLn 10c$67K$65K
Total assetsLn 16$949K$1.0M
LiabilitiesLn 26$0$0
Net assetsLn 32$949K$1.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$2K$2K
Grants to domestic individualsLn 2$33K$33K
Accounting feesLn 11c$1K$1K
Office expensesLn 13$4K$4K
Depreciation, depletion and amortizationLn 22$3K$3K
Total functional expensesLn 25$43K$35K$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 Viewing $60K$43K$17K$1.0M 990 PDF
FY2022 −$22$45K−$45K$949K 990 PDF
FY2021 $40K$41K−$974$1.1M 990 PDF
FY2020 $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 FY2023 990 (6 parts)
Part I · Summary $59,819 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $26,357$33,500
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $3,883$13,190
I-11 Other revenuePrior year −$30,262$13,129
I-12 Total revenuePrior year −$22$59,819
I-13 Grants and similar amounts paidPrior year $39,726$34,630
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 $4,993$8,001
I-18 Total expensesPrior year $44,719$42,631
I-19 Revenue less expensesPrior year −$44,741$17,188
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 $59,819 across 7 lines filed
VIII-1b Membership dues$210
VIII-1f All other contributions, gifts and grants$33,290
VIII-1h Total contributions, gifts and grants$33,500
VIII-3 Investment incomeExcluded from tax $13,190$13,190
VIII-6 Net rental income or lossExcluded from tax −$31,362−$31,362
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $44,491$44,491
VIII-12 Total revenueRelated to mission $44,491 · Unrelated business $0 · Excluded from tax −$18,172$59,819
Part IX · Statement of functional expenses $42,631 across 5 lines filed
IX-1 Grants to domestic organizationsPrograms $1,750$1,750
IX-2 Grants to domestic individualsPrograms $32,880$32,880
IX-11c Accounting feesManagement $1,270$1,270
IX-13 Office expensesManagement $4,149$4,149
IX-22 Depreciation, depletion and amortizationManagement $2,582$2,582
IX-25 Total functional expensesPrograms $34,630 · Management $8,001 · Fundraising $0$42,631
Part X · Balance sheet $1,031,869 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year −$7−$3,155
X-2 Savings and temporary cash investmentsStart of year $251,933$266,178
X-10c Land, buildings and equipment, netStart of year $67,143$64,561
X-12 Other securitiesStart of year $629,890$704,285
X-16 Total assetsStart of year $948,959$1,031,869
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $948,959$1,031,869
X-33 Total liabilities and net assetsStart of year $948,959$1,031,869
Part XI · Reconciliation of net assets $1,031,869 net assets at year end
XI-1 Total revenue$59,819
XI-2 Total expenses$42,631
XI-3 Revenue less expenses$17,188
XI-4 Net assets at start of year$948,959
XI-5 Net unrealized gains (losses) on investments$65,722
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,031,869

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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