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← CHADRON STATE FOUNDATION

Form 990 for tax year 2024

Filed by CHADRON STATE FOUNDATION.

Totals

Total revenue
$4,186,327
Total expenses
$1,901,655
Contributions and grants received
$2,558,279
Grants paid
$1,144,418
Program service revenue
$0
Investment income
$1,648,693
Other revenue
-$20,645
Total assets, end of year
$39,109,031
Total liabilities, end of year
$1,108,016
Net assets or fund balances, end of year
$38,001,015
Program services expenses (Part IX)
$1,366,547
Management and general expenses
$304,900
Fundraising expenses
$230,208
Program service expenses (Part III)
$1,366,547

Program services were 71.9% 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

    $31,452

  • 1e · Government grants (contributions)

    $246,625

  • 1f · All other contributions, gifts and grants

    $2,280,202

  • 3 · Investment income

    total $938,032 · excluded $938,032

  • 6b · Less rental expenses

    real property $15,101

  • 6c · Rental income or loss

    real property -$15,101

  • 6d · Net rental income or loss

    total -$15,101 · related or exempt -$15,101

  • 7a · Gross sales of assets other than inventory

    securities $710,661

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

    securities $0

  • 7c · Gain or loss

    securities $710,661

  • 7d · Net gain or loss

    total $710,661 · excluded $710,661

  • 8a · Fundraising events: gross income

    $9,831

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

    $31,452

  • 8b · Fundraising events: direct expenses

    $18,529

  • 8c · Net income from fundraising events

    total -$8,698 · excluded -$8,698

  • 11a · Other revenue: MISCELLANEOUS

    total $3,154 · excluded $3,154

  • 11e · Other revenue, total

    $3,154

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $91,343 · program services $91,343

  • 2 · Grants to domestic individuals

    total $1,053,075 · program services $1,053,075

  • 11b · Fees: legal

    total $485 · management and general $485

  • 11c · Fees: accounting

    total $22,911 · management and general $22,911

  • 11f · Fees: investment management

    total $52,953 · management and general $52,953

  • 11g · Fees: other

    total $476,155 · program services $120,166 · management and general $203,148 · fundraising $152,841

  • 12 · Advertising and promotion

    total $3,144 · program services $2,035 · fundraising $1,109

  • 13 · Office expenses

    total $70,442 · program services $33,034 · management and general $7,678 · fundraising $29,730

  • 14 · Information technology

    total $39,781 · program services $15,622 · management and general $8,537 · fundraising $15,622

  • 17 · Travel

    total $18,728 · program services $11,802 · management and general $2,904 · fundraising $4,022

  • 23 · Insurance

    total $1,072 · program services $615 · management and general $457

  • 24a · Other expenses: PRINTING

    total $32,424 · program services $16,165 · management and general $15 · fundraising $16,244

  • 24b · Other expenses: PRESIDENTIAL SUPPORT

    total $15,475 · program services $13,742 · management and general $1,733 · fundraising $0

  • 24c · Other expenses: EVENTS AND ENTERTAINMEN

    total $12,850 · program services $5,513 · management and general $1,591 · fundraising $5,746

  • 24d · Other expenses: MISCELLANEOUS

    total $5,053 · program services $2,755 · management and general $2,298 · fundraising $0

  • 24e · All other expenses

    total $5,764 · program services $680 · management and general $190 · fundraising $4,894

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $1,152,354 · end of year $1,133,625

  • 3 · Pledges and grants receivable

    beginning of year $206,045 · end of year $297,923

  • 9 · Prepaid expenses and deferred charges

    beginning of year $21,767 · end of year $22,459

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

    $415,597

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

    $104,297

  • 10c · Land, buildings and equipment, net

    beginning of year $317,259 · end of year $311,300

  • 11 · Investments: publicly traded securities

    beginning of year $32,546,417 · end of year $37,297,291

  • 15 · Other assets

    beginning of year $43,438 · end of year $46,433

  • 17 · Accounts payable and accrued expenses

    beginning of year $43,352 · end of year $39,762

  • 18 · Grants payable

    beginning of year $999,733 · end of year $981,834

  • 24 · Unsecured notes and loans payable

    beginning of year $66,958 · end of year $86,420

  • 27 · Net assets without donor restrictions

    beginning of year $4,567,894 · end of year $5,479,657

  • 28 · Net assets with donor restrictions

    beginning of year $28,609,343 · end of year $32,521,358

Mission and programs · 2024

Mission

THE CHADRON STATE FOUNDATION IS DEDICATED TO ENHANCING CHADRON STATE COLLEGE'S ABILITY TO MEET ITS PRIMARY EDUCATIONAL MISSION IN WESTERN NEBRASKA. THE FOUNDATION SUPPORTS SCHOLARSHIP PROGRAMS FOR THE COLLEGE AND UNDERTAKES FUNDRAISING ACTIVITY WHICH PROVIDE RESOURCES VITAL TO THE MISSION OF CHADRON STATE COLLEGE IN THE AREAS OF INSTRUCTION, RESEARCH, AND SERVICE. THE FOUNDATION RECOGNIZES THE GENEROSITY OF DONORS WHO, ACTING INDIVIDUALLY OR AS MEMBERS OF A GROUP, PROVIDE CHADRON STATE AN ALL IMPORTANT MARGIN OF EXCELLENCE AS IT CONTINUES TO MEET THE EDUCATIONAL, ECONOMIC, AND CULTURAL NEEDS OF WESTERN NEBRASKA BOTH TODAY AND WELL INTO THE FUTURE.

Activities or mission (Part I)

THE CHADRON STATE FOUNDATION IS DEDICATED TO ENHANCING CHADRON STATE COLLEGE'S ABILITY TO MEET ITS PRIMARY EDUCATIONAL MISSION IN WESTERN NEBRASKA.

  • THE FOUNDATION PROVIDES SUPPORT TO CHADRON STATE COLLEGE THROUGH SCHOLARSHIPS AND AWARDS TO THE STUDENTS OF THE COLLEGE AND PROVIDES INSTITUTIONAL SUPPORT OF MANAGEMENT AND SPECIAL PROJECTS RELATED TO THE COLLEGE.

    Expenses $1,366,547 · Grants $1,144,418

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Joanne Owens-Nausler

    CHAIR

    Total calculated
    $0
    Hours/week
    1
  • Jennifer Barp

    VICE-CHAIR

    Total calculated
    $0
    Hours/week
    1
  • Cheryl Emanuel

    SECRETARY

    Total calculated
    $0
    Hours/week
    1
  • Rob Bila

    TREASURER

    Total calculated
    $0
    Hours/week
    1
  • Mark Brohman

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Dawson Brunswick

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Lisa Carder

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Casey Cortney

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Randy Cullers

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Janice Erwin

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Jim Grimes

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Mary Lecher

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Rodd Rickenbach

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Sami Segelke

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • John Smith

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Tiffany Smith

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Justin Williamson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Scott Kruger

    CEO (BEG. MAR 2025)

    Total calculated
    $0
    Hours/week
    40
  • Ben Watson

    CEO (TERMED OCT 2024)

    Total calculated
    $138,992
    From this org
    $0
    From related orgs
    $108,331
    Other
    $30,661
    Hours/week
    40
  • Cricket Haag

    CONTROLLER

    Total calculated
    $126,350
    From this org
    $0
    From related orgs
    $83,055
    Other
    $43,295
    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

  • CHADRON STATE COLLEGE

    $91,343

    EDUCATION MISSION

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.

  • CHADRON STATE COLLEGE

    N/A · EDUCATION · NE

Provenance

Return type
form_990
Tax year
2024
Filed
28 October 2025
IRS schema version
2024v5.2
Source object
202523019349302382

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