Form 990 for tax year 2023
Filed by PERU STATE COLLEGE FOUNDATION INC.
Totals
- Total revenue
- $3,037,751
- Total expenses
- $1,379,712
- Contributions and grants received
- $2,304,316
- Grants paid
- $873,271
- Program service revenue
- $0
- Investment income
- $712,615
- Other revenue
- $20,820
- Total assets, end of year
- $22,284,093
- Total liabilities, end of year
- $170,803
- Net assets or fund balances, end of year
- $22,113,290
- Program services expenses (Part IX)
- $873,271
- Management and general expenses
- $389,140
- Fundraising expenses
- $117,301
- Program service expenses (Part III)
- $873,271
Program services were 63.3% 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.
-
1f · All other contributions, gifts and grants
$2,304,316
-
1g · Noncash contributions included above
$1,132,741
-
2f · All other program service revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
3 · Investment income
total $356,640 · excluded $356,640
-
6c · Rental income or loss
real property $0 · personal property $0
-
7a · Gross sales of assets other than inventory
securities $5,662,820
-
7b · Less cost or other basis and sales expenses
securities $5,306,845
-
7c · Gain or loss
securities $355,975 · other assets $0
-
7d · Net gain or loss
total $355,975 · excluded $355,975
-
8a · Fundraising events: gross income
$14,771
-
8b · Fundraising events: direct expenses
$10,300
-
8c · Net income from fundraising events
total $4,471 · excluded $4,471
-
11a · Other revenue: MISCELLANEOUS INCOME
total $16,349 · related or exempt $16,349
-
11d · All other revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
11e · Other revenue, total
$16,349
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $873,271 · program services $873,271
-
5 · Compensation of officers, directors and key employees
total $87,002 · management and general $87,002
-
7 · Other salaries and wages
total $145,482 · management and general $145,482
-
11c · Fees: accounting
total $30,000 · management and general $30,000
-
11g · Fees: other
total $0 · program services $0 · management and general $0 · fundraising $0
-
13 · Office expenses
total $90,583 · management and general $77,116 · fundraising $13,467
-
14 · Information technology
total $51,618 · management and general $22,246 · fundraising $29,372
-
16 · Occupancy
total $5,883 · management and general $5,883
-
17 · Travel
total $828 · fundraising $828
-
22 · Depreciation, depletion and amortization
total $20,580 · management and general $20,580
-
24a · Other expenses: SPECIAL EVENTS
total $43,197 · fundraising $43,197
-
24b · Other expenses: PRINTING & PUBLICATIONS
total $27,266 · fundraising $27,266
-
24c · Other expenses: DONOR RELATIONS
total $3,171 · fundraising $3,171
-
24d · Other expenses: PROPERTY TAX
total $831 · management and general $831
-
24e · All other expenses
total $0 · program services $0 · management and general $0 · fundraising $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,023,209 · end of year $1,215,240
-
3 · Pledges and grants receivable
beginning of year $20,410 · end of year $14,290
-
4 · Accounts receivable
beginning of year $8,221 · end of year $5,613
-
5 · Loans and receivables from officers and key people
beginning of year $0 · end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
10a · Land, buildings and equipment: cost or other basis
$314,629
-
10b · Land, buildings and equipment: accumulated depreciation
$82,235
-
10c · Land, buildings and equipment, net
beginning of year $249,948 · end of year $232,394
-
12 · Investments: other securities
beginning of year $17,119,903 · end of year $20,816,556
-
13 · Investments: program-related
beginning of year $0
-
15 · Other assets
beginning of year $0 · end of year $0
-
17 · Accounts payable and accrued expenses
beginning of year $87,253 · end of year $163,854
-
22 · Loans and payables to officers and key people
end of year $0
-
23 · Secured mortgages and notes payable
beginning of year $16,217 · end of year $6,949
-
25 · Other liabilities
beginning of year $0 · end of year $0
-
27 · Net assets without donor restrictions
beginning of year $120,804 · end of year $191,212
-
28 · Net assets with donor restrictions
beginning of year $18,197,417 · end of year $21,922,078
Mission and programs · 2023
Mission
THE MISSION OF THE PERU STATE COLLEGE FOUNDATION IS TO PROVIDE ASSISTANCE AND SUPPORT FOR PERU STATE COLLEGE, A FOUR-YEAR LIBERAL ARTS INSTITUTION, ESTABLISHED IN 1867 AS NEBRASKA'S FIRST PUBLIC INSTITUTION OF HIGHER EDUCATION. WITH MORE THAN 24,000 ALUMNI AND FRIENDS AND MORE THAN TWENTY MILLION IN NET ASSETS, THE PSC FOUNDATION ASSISTS THE COLLEGE IN ACHIEVING ITS MISSION OF PROVIDING QUALITY EDUCATION, PROGRAMS AND SERVICES.
Activities or mission (Part I)
THE MISSION OF THE PERU STATE COLLEGE FOUNDATION IS TO PROVIDE ASSISTANCE AND SUPPORT FOR PERU STATE COLLEGE, A FOUR-YEAR LIBERAL ARTS INSTITUTION.
-
PROVIDE SCHOLARSHIPS TO QUALIFYING PERU STATE COLLEGE STUDENTS.
Expenses $656,361 · Grants $656,361
-
PROVIDE PERU STATE COLLEGE EDUCATIONAL AND ADMINISTRATIVE DEPARTMENTS WITH GRANTS FOR EQUIPMENT AND OPERATING PURPOSES.
Expenses $216,910 · Grants $216,910
As filed on the 2023 return.
Listed in Part VII
-
Al UrwinAL URWIN
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Elton EdmondELTON EDMOND
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Jeff GreenwaldJEFF GREENWALD
CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Jeff SmithJEFF SMITH
CO-TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Robin SmithROBIN SMITH
CO-TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Cindy HoffmanCINDY HOFFMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Connie EdmondCONNIE EDMOND
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Fritz StehlikFRITZ STEHLIK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Ivan WineglassIVAN WINEGLASS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Julie BaumanJULIE BAUMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Lori SeibelLORI SEIBEL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mike GerdesMIKE GERDES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Tim HoffmanTIM HOFFMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Ted L HarshbargerTED L HARSHBARGER
EXECUTIVE DIRECTOR
- Total calculated
- $87,002
- From this org
- $0
- From related orgs
- $76,281
- Other
- $10,721
- 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.
Grants on this return
-
PERU STATE COLLEGE
$873,271
SCHOLARSHIPS TO PERU STATE COLLEGE STUDENTS AND SUPPORT FOR ACADEMIC DEPARTMENTS AT THE UNIVERSITY.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
PERU STATE COLLEGE
501(c)(3) · HIGHER ED · NE
Directly controlled by NA
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 6 November 2024
- IRS schema version
- 2023v5.1
- Source object
- 202423119349302647
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