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Deep Well

Tax-deductible

Bellevue, NE501(c)(3)Education EIN 84-3741942Revenue $2.2M in FY2024

On file with the IRS1001 Fort Crook Rd N, 68005-4247 · Bellevue, NETax-exempt since Aug 2022Supporting org, Type III (functionally integrated) — 509(a)(3)

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To provide a physical facility for the occupancy of cornerstone christian school, cornerstone cougars, INC., omaha public schools and the fraternidad church, the supported organizations.

501(c)(3) charity; gifts are tax-deductible.
94¢ of each $1 spent went to programs.
Run by 3 volunteers and 12 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 3
filings with a surplus
Average surplus $107K a year · 5% of revenue · last 3 filings
Fine: a surplus in 2 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
94%
of spending
Looks good: 94% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
2 mo
of spending, in cash
Fine: 2.2 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $3K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$3.2M
77% of total assets
Worth a look: liabilities are 77% of assets; over 65%.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.2M
+2% vs prior year
Spent
$2.2M
To programs
94%
Net assets
$961K
By yearFY2022–FY2024
Revenue
$2.2M
FY2024▲ +2%
Tap a bar for its year
Revenue by fiscal year
FY2022$2.0M
FY2023$2.1M
FY2024$2.2M
Expenses
$2.2M
FY2024▲ +4%
Tap a bar for its year
Expenses by fiscal year
FY2022$1.7M
FY2023$2.1M
FY2024$2.2M
Net assets
$961K
FY2024▼ -0.9%
Tap a bar for its year
Net assets by fiscal year
FY2022$934K
FY2023$970K
FY2024$961K

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

990 PDF Claim

Is it real?

Yes. Revoked May 2022, reinstated. IRS ruling Aug 2022, per the IRS master file. Latest filing on record: FY2024. IRS ruling in Aug 2022.

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% · $2.0M Management & general 6% · $139K

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

3 people listed on the 990.

Part VII, Section A · reportable compensation
Bryan Bartels
President/Director
$0Pt VII · Sec A
Dr Teri Lynn Schrag
Vice President/Director
$0Pt VII · Sec A
Dr Linda Burkle
Secretary/Treasurer
$0Pt VII · Sec A
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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

Offers a facility for schools, a sports team, and churches to use.

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Provided by the organization

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1 program · $2.0M · in their own filed words · FY2024
01

To provide a physical facility for the occupancy of cornerstone christian school, cornerstone cougars inc., omaha public schools and the fraternidad church, the supported organizations.

$2.0Mprogram 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
David W Ellis Family FoundationFY2024$3K
Total grants receivedfrom 1 funder$3K
Grants paid · 4 grants · $597K · 2022–2024
Cornerstone Cougars INCNE · FY2024$210,226
Cornerstone Christian SchoolsNE · FY2024$75,010
Cornerstone Cougars INCNE · FY2023$220,857
Cornerstone Cougars INCNE · FY2022$91,000

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$2.2M
Ln 12
Fees for servicesLn 2g$2.1M
Gifts and grantsLn 1h$10K
Investment incomeLn 3$176
Money outPt IX
$2.2M
Ln 25
Programscol B$2.0M
Managementcol C$139K
Owns and owesPt X
$961K
net assets · Ln 32
Cash and savingsLn 1–2$395K
Total assetsLn 16$4.2M
LiabilitiesLn 26$3.2M
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$10K
Fees for servicesLn 2g$2.1M
Investment incomeLn 3$176
Total revenueLn 12$2.2M
Assets in detailPt X, end of year
CashLn 1$370K
SavingsLn 2$25K
Cash and savings togetherLn 1–2$395K
Land, buildings, equipmentLn 10c$3.5M
Other assetsLn 15$210K
Total assetsLn 16$4.2M
LiabilitiesLn 26$3.2M
Net assetsLn 32$961K
OperationsPt I, VI
EmployeesI 512
VolunteersI 63
Fiscal year endsHeaderDecember
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
LineStart FY24End FY24
Cash and savingsLn 1–2$412K$395K
Land, buildings, equipmentLn 10c$3.5M$3.5M
Total assetsLn 16$4.3M$4.2M
LiabilitiesLn 26$3.4M$3.2M
Net assetsLn 32$970K$961K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$293K$293K
Other salaries and wagesLn 7$294K$226K$68K
Payroll taxesLn 10$23K$17K$6K
Legal feesLn 11b$58K$58K
Accounting feesLn 11c$7K$7K
Office expensesLn 13$45K$45K
Information technologyLn 14$2K$2K
OccupancyLn 16$638K$638K
TravelLn 17$11K$11K
InterestLn 20$123K$123K
Depreciation, depletion and amortizationLn 22$128K$128K
InsuranceLn 23$196K$196K
Other expenses (24a–d)Ln 24$343K$343K
Total functional expensesLn 25$2.2M$2.0M$139K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $2.2M$2.2M−$8K$961K 990 PDF
FY2023 $2.1M$2.1M$36K$970K 990 PDF
FY2022 $2.0M$1.7M$292K$934K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $2,151,712 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $15,537$10,500
I-9 Program service revenuePrior year $2,087,306$2,141,036
I-10 Investment incomePrior year $236$176
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $2,103,079$2,151,712
I-13 Grants and similar amounts paidPrior year $231,053$292,818
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $328,744$316,517
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,507,546$1,550,707
I-18 Total expensesPrior year $2,067,343$2,160,042
I-19 Revenue less expensesPrior year $35,736−$8,330
Part VI · Governance 3 of 3 board members independent, 1 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
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 $2,151,712 across 5 lines filed
VIII-1f All other contributions, gifts and grants$10,500
VIII-1h Total contributions, gifts and grants$10,500
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $2,141,036$2,141,036
VIII-3 Investment incomeExcluded from tax $176$176
VIII-12 Total revenueRelated to mission $2,141,036 · Unrelated business $0 · Excluded from tax $176$2,151,712
Part IX · Statement of functional expenses $2,160,042 across 13 lines filed
IX-1 Grants to domestic organizationsPrograms $292,818$292,818
IX-7 Other salaries and wagesPrograms $225,681 · Management $67,952$293,633
IX-10 Payroll taxesPrograms $17,163 · Management $5,721$22,884
IX-11b Legal feesManagement $58,135$58,135
IX-11c Accounting feesManagement $7,455$7,455
IX-13 Office expensesPrograms $44,726$44,726
IX-14 Information technologyPrograms $1,658$1,658
IX-16 OccupancyPrograms $637,528$637,528
IX-17 TravelPrograms $10,822$10,822
IX-20 InterestPrograms $123,241$123,241
IX-22 Depreciation, depletion and amortizationPrograms $128,378$128,378
IX-23 InsurancePrograms $195,999$195,999
IX-24 Other expenses (24a–d)Programs $342,765$342,765
IX-25 Total functional expensesPrograms $2,020,779 · Management $139,263 · Fundraising $0$2,160,042
Part X · Balance sheet $4,182,170 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $311,582$369,726
X-2 Savings and temporary cash investmentsStart of year $100,232$25,388
X-4 Accounts receivableStart of year $50,750$10,205
X-9 Prepaid expenses and deferred chargesStart of year $124,250$13,098
X-10c Land, buildings and equipment, netStart of year $3,510,297$3,542,243
X-14 Intangible assetsStart of year $13,370$11,749
X-15 Other assetsStart of year $209,761$209,761
X-16 Total assetsStart of year $4,320,242$4,182,170
X-17 Accounts payable and accrued expensesStart of year $100,630$84,390
X-25 Other liabilitiesStart of year $99,197$99,197
X-26 Total liabilitiesStart of year $3,350,611$3,221,441
X-32 Total net assets or fund balancesStart of year $969,631$960,729
X-33 Total liabilities and net assetsStart of year $4,320,242$4,182,170
Part XI · Reconciliation of net assets $960,729 net assets at year end
XI-1 Total revenue$2,151,712
XI-2 Total expenses$2,160,042
XI-3 Revenue less expenses−$8,330
XI-4 Net assets at start of year$969,631
XI-8 Prior period adjustments−$572
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$960,729

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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