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← CHILDRENS SCHOLARSHIP FUND OF OMAHA

Form 990 for tax year 2024

Filed by CHILDRENS SCHOLARSHIP FUND OF OMAHA.

Totals

Total revenue
$3,928,493
Total expenses
$2,812,834
Contributions and grants received
$3,840,097
Grants paid
$2,150,456
Program service revenue
$0
Investment income
$100,362
Other revenue
-$11,966
Total assets, end of year
$3,255,040
Total liabilities, end of year
$121,959
Net assets or fund balances, end of year
$3,133,081
Program services expenses (Part IX)
$2,333,427
Management and general expenses
$183,536
Fundraising expenses
$295,871
Program service expenses (Part III)
$2,333,427

Program services were 83.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $532,347

  • 1f · All other contributions, gifts and grants

    $3,307,750

  • 3 · Investment income

    total $67,658 · excluded $67,658

  • 7a · Gross sales of assets other than inventory

    securities $148,709

  • 7b · Less cost or other basis and sales expenses

    securities $116,005

  • 7c · Gain or loss

    securities $32,704

  • 7d · Net gain or loss

    total $32,704 · related or exempt $32,704

  • 8a · Fundraising events: gross income

    $7,770

  • 8a · Fundraising events: contributions included on line 1c

    $532,347

  • 8b · Fundraising events: direct expenses

    $19,736

  • 8c · Net income from fundraising events

    total -$11,966 · excluded -$11,966

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $2,150,456 · program services $2,150,456

  • 5 · Compensation of officers, directors and key employees

    total $188,721 · program services $37,743 · management and general $37,743 · fundraising $113,235

  • 7 · Other salaries and wages

    total $259,579 · program services $94,158 · management and general $39,309 · fundraising $126,112

  • 8 · Pension plan contributions

    total $7,949 · program services $2,905 · management and general $1,212 · fundraising $3,832

  • 9 · Other employee benefits

    total $35,926 · program services $13,128 · management and general $5,479 · fundraising $17,319

  • 10 · Payroll taxes

    total $30,898 · program services $9,437 · management and general $5,378 · fundraising $16,083

  • 11c · Fees: accounting

    total $12,000 · program services $2,400 · management and general $9,600

  • 11f · Fees: investment management

    total $3,294 · program services $659 · management and general $2,635

  • 11g · Fees: other

    total $14,986 · program services $2,997 · management and general $11,989

  • 12 · Advertising and promotion

    total $1,097 · program services $395 · management and general $307 · fundraising $395

  • 13 · Office expenses

    total $24,431 · program services $8,795 · management and general $6,841 · fundraising $8,795

  • 14 · Information technology

    total $8,378 · program services $1,676 · management and general $6,702

  • 16 · Occupancy

    total $34,826 · management and general $34,826

  • 17 · Travel

    total $2,535 · program services $634 · fundraising $1,901

  • 19 · Conferences, conventions and meetings

    total $311 · program services $78 · fundraising $233

  • 22 · Depreciation, depletion and amortization

    total $1,996 · management and general $1,996

  • 23 · Insurance

    total $11,489 · management and general $11,489

  • 24a · Other expenses: PROGRAM EXPENSE

    total $17,133 · program services $6,168 · management and general $4,797 · fundraising $6,168

  • 24b · Other expenses: DONOR CULTIVATION

    total $3,906 · program services $1,406 · management and general $1,094 · fundraising $1,406

  • 24c · Other expenses: MISC EXPENSE

    total $1,834 · program services $0 · management and general $1,834 · fundraising $0

  • 24d · Other expenses: MARKETING/CREATIVE

    total $1,089 · program services $392 · management and general $305 · fundraising $392

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $827,943 · end of year $462,082

  • 3 · Pledges and grants receivable

    beginning of year $10,000 · end of year $1,146,195

  • 9 · Prepaid expenses and deferred charges

    beginning of year $3,705 · end of year $0

  • 10a · Land, buildings and equipment: cost or other basis

    $26,094

  • 10b · Land, buildings and equipment: accumulated depreciation

    $16,434

  • 10c · Land, buildings and equipment, net

    beginning of year $6,433 · end of year $9,660

  • 11 · Investments: publicly traded securities

    beginning of year $1,102,113 · end of year $1,539,535

  • 15 · Other assets

    beginning of year $127,486 · end of year $97,568

  • 17 · Accounts payable and accrued expenses

    beginning of year $4,106 · end of year $21,659

  • 25 · Other liabilities

    beginning of year $129,305 · end of year $100,300

  • 27 · Net assets without donor restrictions

    beginning of year $1,934,269 · end of year $1,986,886

  • 28 · Net assets with donor restrictions

    beginning of year $10,000 · end of year $1,146,195

Mission and programs · 2024

Mission

THE MISSION OF THE CHILDREN'S SCHOLARSHIP FUND OF OMAHA IS TO OPEN THE DOORS OF EDUCATIONAL OPPORTUNITY FOR QUALIFYING FAMILIES SO THEIR CHILDREN MAY ATTEND THE PRIVATE OR PAROCHIAL ELEMENTARY SCHOOL OF THEIR CHOICE.

  • SCHOLARSHIPS FOR 1,370 STUDENTS

    Expenses $2,333,427 · Grants $2,150,456

As filed on the 2024 return.

Listed in Part VII

  • Robert A Reed Jr

    CHAIR/PRES./SEC.

    Total calculated
    $0
    Hours/week
    0.25

  • Steve Kenney

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Dr Kenneth Bird

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25

  • Craig McGarry

    DIRECOR

    Total calculated
    $0
    Hours/week
    0.25

  • Shaun McGaughey

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25

  • Donald Neal

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25

  • Eric Oxley

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25

  • Peter Schropp

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25

  • Jessie Sullivan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25

  • Karen Van Dyke

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25

  • Wendy Wiseman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25

  • Joel Long

    EXECUTIVE DIRECTOR

    Total calculated
    $200,812
    From this org
    $145,077
    From related orgs
    $0
    Other
    $55,735
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $145,077
    Bonus
    $0
    Other
    $0
    Deferred
    $4,352
    Nontaxable benefits
    $51,383
    Filer's total
    $200,812

  • Anette Gilner

    DIRECTOR OF DONOR RELATIONS AND COMM

    Total calculated
    $142,550
    From this org
    $107,308
    From related orgs
    $0
    Other
    $35,242
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
30 October 2025
IRS schema version
2024v5.2
Source object
202503079349301920

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