U S D 498 Foundation: FY2021 Nonprofit Profile & Form 990 (EIN 48-1224971)

Revenue by fiscal year
FY2021	$76K
FY2022	$111K
FY2023	$21K
FY2024	$45K
FY2025	$107K

Expenses by fiscal year
FY2021	$27K
FY2022	$55K
FY2023	$94K
FY2024	$34K
FY2025	$58K

Net assets by fiscal year
FY2021	$1.1M
FY2022	$1.2M
FY2023	$1.1M
FY2024	$1.1M
FY2025	$1.2M

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jun 2000.

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

Where the money goes

46 cents of each dollar spent went to programs.

46%

54%

Program services 46% · $12K Management & general 54% · $15K

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

10 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII

Richard Nelson

Board Member

$0Pt VII · Sec A

Melva J Sanner

Board Member

$0Pt VII · Sec A

Chad Parker

Board Member

$0Pt VII · Sec A

David Vermetten

Vice Preside

$0Pt VII · Sec A

Kenneth Steinfort

Treasurer

$0Pt VII · Sec A

Bryce Porter

President

$0Pt VII · Sec A

Kaci Smith

Board Member

$0Pt VII · Sec A

Jami Gillig

Secretary

$0Pt VII · Sec A

See U S D 498 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

Provides scholarships to seniors in USD 498.

Questions for U S D 498 Foundation

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Provided by the organization

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1 program · $12K · in their own filed words · FY2020

01

The usd 498 foundation's purpose is to support usd 498 with resources and to provide seniors with scholarships.

$12Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · this organization's grantmaking

Grants paid · 5 grants · $114K · 2020–2024

Unitemized GrantFY2024$24,040

Unitemized GrantFY2023$11,000

Unitemized GrantFY2022$51,650

Unitemized GrantFY2021$18,250

Unitemized GrantFY2020$9,500

By the numbers

The FY2021 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$76K

Ln 12

Investment incomeLn 3$69K

Gifts and grantsLn 1h$6K

Money outPt IX

$27K

Ln 25

Programscol B$12K

Managementcol C$15K

Owns and owesPt X

$1.1M

net assets · Ln 32

Cash and savingsLn 1–2$102K

Total assetsLn 16$1.1M

LiabilitiesLn 26$0

PeoplePt VI, VII

10

listed · VII A

PaidVII A0

Voting boardVI 1a10

IndependentVI 1b10

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$6K

Investment incomeLn 3$69K

Gains on assetsLn 7$47K

Total revenueLn 12$76K

Assets in detailPt X, end of year

CashLn 1$19K

SavingsLn 2$83K

Cash and savings togetherLn 1–2$102K

InvestmentsLn 11–13$1.0M

Total assetsLn 16$1.1M

LiabilitiesLn 26$0

Net assetsLn 32$1.1M

OperationsPt I, VI

EmployeesI 50

VolunteersI 610

Fiscal year endsHeaderJune

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

Line	Start FY21	End FY21
Cash and savingsLn 1–2	$106K	$102K
InvestmentsLn 11–13	$957K	$1.0M
Total assetsLn 16	$1.1M	$1.1M
LiabilitiesLn 26	$0	$0
Net assetsLn 32	$1.1M	$1.1M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic individualsLn 2	$10K	$10K
Accounting feesLn 11c	$4K		$4K
Other expenses (24a–d)Ln 24	$14K	$3K	$11K
Total functional expensesLn 25	$27K	$12K	$15K	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest	$107K	$58K	$49K	$1.2M	990 PDF
FY2024	$45K	$34K	$12K	$1.1M	990 PDF
FY2023	$21K	$94K	−$72K	$1.1M	990 PDF
FY2022	$111K	$55K	$56K	$1.2M	990 PDF
FY2021 Viewing	$76K	$27K	$48K	$1.1M	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 FY2021 990 (6 parts)

Part I · Summary $75,694 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $2,000$6,457

I-9 Program service revenue$0

I-10 Investment incomePrior year $29,342$69,237

I-11 Other revenue$0

I-12 Total revenuePrior year $31,342$75,694

I-13 Grants and similar amounts paidPrior year $23,085$9,500

I-14 Benefits paid to members$0

I-15 Salaries and benefits$0

I-16a Professional fundraising fees$0

I-17 Other expensesPrior year $14,398$17,718

I-18 Total expensesPrior year $37,483$27,218

I-19 Revenue less expensesPrior year −$6,141$48,476

Part VI · Governance 10 of 10 board members independent, 1 to look at

VI-1a Voting members of the governing body10

VI-1b Independent voting members10

VI-15a Process for setting top official's payNo

VI-2 Family or business relationship among officers or directorsNo

VI-12a Written conflict of interest policyYes

VI-13 Written whistleblower policyYes

VI-14 Document retention and destruction policyYes

Part VIII · Statement of revenue $75,694 across 5 lines filed

VIII-1f All other contributions, gifts and grants$6,457

VIII-1h Total contributions, gifts and grants$6,457

VIII-3 Investment incomeExcluded from tax $22,063$22,063

VIII-7 Net gain or loss on sales of assetsRelated to mission $47,174$47,174

VIII-12 Total revenueRelated to mission $47,174 · Excluded from tax $22,063$75,694

Part IX · Statement of functional expenses $27,218 across 3 lines filed

IX-2 Grants to domestic individualsPrograms $9,500$9,500

IX-11c Accounting feesManagement $3,955$3,955

IX-24 Other expenses (24a–d)Programs $3,000 · Management $10,763$13,763

IX-25 Total functional expensesPrograms $12,500 · Management $14,718 · Fundraising $0$27,218

Part X · Balance sheet $1,111,989 assets, 9 lines filed

X-1 Cash, non-interest-bearingStart of year $23,733$18,942

X-2 Savings and temporary cash investmentsStart of year $82,714$83,200

X-11 Publicly traded securitiesStart of year $957,018$1,009,847

X-16 Total assetsStart of year $1,063,513$1,111,989

X-26 Total liabilitiesStart of year $0$0

X-27 Net assets without donor restrictionsStart of year $28,620$23,903

X-28 Net assets with donor restrictionsStart of year $1,034,893$1,088,086

X-32 Total net assets or fund balancesStart of year $1,063,513$1,111,989

X-33 Total liabilities and net assetsStart of year $1,063,513$1,111,989

Part XI · Reconciliation of net assets $1,111,989 net assets at year end

XI-1 Total revenue$75,694

XI-2 Total expenses$27,218

XI-3 Revenue less expenses$48,476

XI-4 Net assets at start of year$1,063,513

XI-10 Net assets at end of year$1,111,989

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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U S D 498 Foundation FY2021 filing

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for U S D 498 Foundation

Funders

Grants

By the numbers

Filing history

Schedules filed Part IV