Custer County Educational Foundation INC: FY2023 Nonprofit Profile & Form 990 (EIN 81-0474230)

Revenue by fiscal year
FY2020	$106K
FY2021	$165K
FY2022	$87K
FY2023	$127K
FY2024	$202K
FY2025	$376K

Expenses by fiscal year
FY2020	$103K
FY2021	$119K
FY2022	$129K
FY2023	$105K
FY2024	$130K
FY2025	$134K

Net assets by fiscal year
FY2020	$1.1M
FY2021	$1.2M
FY2022	$1.1M
FY2023	$1.2M
FY2024	$1.2M
FY2025	$1.5M

Is it real?

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

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

Where the money goes

86 cents of each dollar spent went to programs.

86%

14%

Program services 86% · $91K Management & general 14% · $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

15 people listed on the 990.

Part VII, Section A · reportable compensation

Lori Backes

Director

$0Pt VII · Sec A

Megan Brown

Director

$0Pt VII · Sec A

Don Griffin

Director

$0Pt VII · Sec A

Vince Gundlach

Director

$0Pt VII · Sec A

Marc Ingraham

Director

$0Pt VII · Sec A

Cady Irion

Director

$0Pt VII · Sec A

Rick Kuchynka JR

Director

$0Pt VII · Sec A

Erin Niedge

Director

$0Pt VII · Sec A

See Custer County Educational Foundation INC 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 to graduating Custer County District High School students.

Questions for Custer County Educational Foundation INC

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Provided by the organization

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1 program · $91K · in their own filed words · FY2023

01

To provide scholarship funds for graduating students of custer county district high school following evaluation of applications from the general student population.

$91Kprogram 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

The Dayton FoundationFY2024$25K

Total grants receivedfrom 1 funder$25K

Grants paid · 6 grants · $599K · 2020–2025

Unitemized GrantFY2025$111,750

Unitemized GrantFY2024$108,250

Unitemized GrantFY2023$85,750

Unitemized GrantFY2022$110,000

Unitemized GrantFY2021$98,250

Unitemized GrantFY2020$85,000

By the numbers

The FY2023 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$127K

Ln 12

Gifts and grantsLn 1h$83K

Investment incomeLn 3$44K

Money outPt IX

$105K

Ln 25

Programscol B$91K

Managementcol C$15K

Owns and owesPt X

$1.2M

net assets · Ln 32

Cash and savingsLn 1–2$28K

Total assetsLn 16$1.2M

LiabilitiesLn 26$0

PeoplePt VI, VII

15

listed · VII A

PaidVII A0

Voting boardVI 1a15

IndependentVI 1b15

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$83K

Investment incomeLn 3$44K

Gains on assetsLn 7$16K

Total revenueLn 12$127K

Assets in detailPt X, end of year

CashLn 1$1

SavingsLn 2$28K

Cash and savings togetherLn 1–2$28K

InvestmentsLn 11–13$1.1M

Total assetsLn 16$1.2M

LiabilitiesLn 26$0

Net assetsLn 32$1.2M

OperationsPt I, VI

EmployeesI 50

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

Line	Start FY23	End FY23
Cash and savingsLn 1–2	$14K	$28K
InvestmentsLn 11–13	$1.1M	$1.1M
Total assetsLn 16	$1.1M	$1.2M
LiabilitiesLn 26	$0	$0
Net assetsLn 32	$1.1M	$1.2M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic individualsLn 2	$86K	$86K
Accounting feesLn 11c	$4K	$4K
Investment management feesLn 11f	$13K		$13K
Other fees for servicesLn 11g	$1K	$1K
Office expensesLn 13	$725		$725
InsuranceLn 23	$857		$857
Other expenses (24a–d)Ln 24	$498	$177	$321
Total functional expensesLn 25	$105K	$91K	$15K	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest	$376K	$134K	$242K	$1.5M	990 PDF
FY2024	$202K	$130K	$72K	$1.2M	990 PDF
FY2023 Viewing	$127K	$105K	$22K	$1.2M	990 PDF
FY2022	$87K	$129K	−$42K	$1.1M	990 PDF
FY2021	$165K	$119K	$46K	$1.2M	990 PDF
FY2020	$106K	$103K	$3K	$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 FY2023 990 (6 parts)

Part I · Summary $127,259 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $68,427$83,286

I-9 Program service revenue$0

I-10 Investment incomePrior year $18,595$43,973

I-11 Other revenue$0

I-12 Total revenuePrior year $87,022$127,259

I-13 Grants and similar amounts paidPrior year $110,000$85,750

I-14 Benefits paid to members$0

I-15 Salaries and benefits$0

I-16a Professional fundraising fees$0

I-17 Other expensesPrior year $19,271$19,640

I-18 Total expensesPrior year $129,271$105,390

I-19 Revenue less expensesPrior year −$42,249$21,869

Part VI · Governance 15 of 15 board members independent, 4 to look at

VI-1a Voting members of the governing body15

VI-1b Independent voting members15

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 $127,259 across 5 lines filed

VIII-1f All other contributions, gifts and grants$83,286

VIII-1h Total contributions, gifts and grants$83,286

VIII-3 Investment incomeRelated to mission $28,304$28,304

VIII-7 Net gain or loss on sales of assetsRelated to mission $15,669$15,669

VIII-12 Total revenueRelated to mission $43,973$127,259

Part IX · Statement of functional expenses $105,390 across 7 lines filed

IX-2 Grants to domestic individualsPrograms $85,750$85,750

IX-11c Accounting feesPrograms $3,828$3,828

IX-11f Investment management feesManagement $12,607$12,607

IX-11g Other fees for servicesPrograms $1,125$1,125

IX-13 Office expensesManagement $725$725

IX-23 InsuranceManagement $857$857

IX-24 Other expenses (24a–d)Programs $177 · Management $321$498

IX-25 Total functional expensesPrograms $90,880 · Management $14,510 · Fundraising $0$105,390

Part X · Balance sheet $1,165,116 assets, 9 lines filed

X-1 Cash, non-interest-bearingStart of year $1$1

X-2 Savings and temporary cash investmentsStart of year $13,548$28,407

X-11 Publicly traded securitiesStart of year $1,129,698$1,136,708

X-16 Total assetsStart of year $1,143,247$1,165,116

X-26 Total liabilitiesStart of year $0$0

X-27 Net assets without donor restrictionsStart of year $700,504$725,991

X-28 Net assets with donor restrictionsStart of year $442,743$439,125

X-32 Total net assets or fund balancesStart of year $1,143,247$1,165,116

X-33 Total liabilities and net assetsStart of year $1,143,247$1,165,116

Part XI · Reconciliation of net assets $1,165,116 net assets at year end

XI-1 Total revenue$127,259

XI-2 Total expenses$105,390

XI-3 Revenue less expenses$21,869

XI-4 Net assets at start of year$1,143,247

XI-10 Net assets at end of year$1,165,116

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

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Custer County Educational Foundation INC FY2023 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 Custer County Educational Foundation INC

Funders

Grants

By the numbers

Filing history

Schedules filed Part IV