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← AVENUE SCHOLARS

Form 990 for tax year 2023

Filed by AVENUE SCHOLARS.

Totals

Total revenue
$4,442,953
Total expenses
$5,126,702
Contributions and grants received
$4,275,260
Grants paid
$76,075
Program service revenue
$0
Investment income
$87,797
Other revenue
$79,896
Total assets, end of year
$2,697,157
Total liabilities, end of year
$1,168,635
Net assets or fund balances, end of year
$1,528,522
Program services expenses (Part IX)
$3,839,912
Management and general expenses
$1,286,790
Fundraising expenses
$0
Program service expenses (Part III)
$3,839,912

Program services were 74.9% 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

    $34,035

  • 1e · Government grants (contributions)

    $147,783

  • 1f · All other contributions, gifts and grants

    $4,093,442

  • 3 · Investment income

    total $87,797 · excluded $87,797

  • 8a · Fundraising events: gross income

    $192,866

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

    $34,035

  • 8b · Fundraising events: direct expenses

    $123,738

  • 8c · Net income from fundraising events

    total $69,128 · excluded $69,128

  • 11a · Other revenue: OTHER INCOME

    total $10,768 · excluded $10,768

  • 11e · Other revenue, total

    $10,768

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $76,075 · program services $76,075

  • 5 · Compensation of officers, directors and key employees

    total $606,248 · program services $303,124 · management and general $303,124

  • 7 · Other salaries and wages

    total $2,919,321 · program services $2,583,367 · management and general $335,954

  • 11a · Fees: management

    total $216,000 · program services $172,800 · management and general $43,200

  • 11c · Fees: accounting

    total $18,855 · management and general $18,855

  • 11g · Fees: other

    total $260,661 · program services $122,108 · management and general $138,553

  • 12 · Advertising and promotion

    total $64,458 · management and general $64,458

  • 13 · Office expenses

    total $75,784 · management and general $75,784

  • 16 · Occupancy

    total $181,643 · program services $119,493 · management and general $62,150

  • 20 · Interest

    total $77,972 · management and general $77,972

  • 22 · Depreciation, depletion and amortization

    total $118,602 · management and general $118,602

  • 24a · Other expenses: SUPPLIES/ OTHER PROGRAM

    total $210,373 · program services $210,373

  • 24b · Other expenses: STUDENT SUPPORT

    total $116,129 · program services $116,129

  • 24c · Other expenses: STUDENT EVENTS

    total $61,320 · program services $61,320

  • 24d · Other expenses: RECOGNITION AND EVENTS

    total $48,138 · management and general $48,138

  • 24e · All other expenses

    total $75,123 · program services $75,123

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $714,330 · end of year $797,888

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

    $1,513,266

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

    $884,726

  • 10c · Land, buildings and equipment, net

    beginning of year $957,104 · end of year $628,540

  • 11 · Investments: publicly traded securities

    beginning of year $1,173,406 · end of year $1,254,407

  • 15 · Other assets

    beginning of year $0 · end of year $16,322

  • 23 · Secured mortgages and notes payable

    beginning of year $650,000 · end of year $1,150,000

  • 25 · Other liabilities

    beginning of year $6,034 · end of year $18,635

  • 27 · Net assets without donor restrictions

    beginning of year $2,011,812 · end of year $1,242,527

  • 28 · Net assets with donor restrictions

    beginning of year $176,994 · end of year $285,995

Mission and programs · 2023

Mission

TO PROVIDE AN AVENUE OF SUCCESS FOR NEBRASKA AND IOWA AREA STUDENTS OF TALENT AND NEED BY OFFERING COMPREHENSIVE SUPPORT FROM HIGH SCHOOL THROUGH COMMUNITY COLLEGE OR ENTRY INTO THE WORKFORCE LEADING TO ENHANCED LIVES AND CAREERS.

  • TO PROVIDE AN AVENUE OF SUCCESS FOR NEBRASKA AND IOWA AREA STUDENTS OF TALENT AND NEED BY OFFERING COMPREHENSIVE SUPPORT FROM HIGH SCHOOL THROUGH COMMUNITY COLLEGE OR ENTRY INTO THE WORKFORCE LEADING TO ENHANCED LIVES AND CAREERS. SERVICES INCLUDE ACADEMIC SUPPORT, COLLEGE APPLICATION SUPPORT, MENTORING, GROUP AND INDIVIDUAL COUNSELING, WORK STUDY GUIDANCE, FINANCIAL AID AND SCHOLARSHIP SUPPORT.

    Expenses $3,839,912 · Grants $76,075

As filed on the 2023 return.

Listed in Part VII

  • Katie Weitz

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Jeff Schmid

    DIRECTOR (RESIGNED IN SEPT 2024)

    Total calculated
    $0
    Hours/week
    0

  • Calvin Sisson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Ken Bird

    CEO

    Total calculated
    $547,984
    From this org
    $474,722
    From related orgs
    $0
    Other
    $73,262
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $394,722
    Bonus
    $80,000
    Other
    $0
    Deferred
    $45,540
    Nontaxable benefits
    $27,722
    Filer's total
    $547,984

  • Susie Buffett

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    0

  • Michael Alvano

    TREASURER

    Total calculated
    $310,556
    From this org
    $0
    From related orgs
    $250,776
    Other
    $59,780
    Hours/week
    4 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $227,776 related
    Bonus
    $0 + $23,000 related
    Other
    $0
    Deferred
    $0 + $27,405 related
    Nontaxable benefits
    $0 + $32,375 related
    Filer's total
    $0 + $310,556 related

  • Lindsay Decker

    PRESIDENT/COO

    Total calculated
    $0
    Hours/week
    40

  • Lisa Sterba

    DIRECTOR OF CAREER PROGRAMS AND BUSINESS OUTREACH

    Total calculated
    $178,343
    From this org
    $137,800
    From related orgs
    $0
    Other
    $40,543
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $126,300
    Bonus
    $11,500
    Other
    $0
    Deferred
    $10,979
    Nontaxable benefits
    $29,564
    Filer's total
    $178,343

  • Kristopher Valentine

    SR DIRECTOR OF HUMAN RESOURCES

    Total calculated
    $164,974
    From this org
    $126,581
    From related orgs
    $0
    Other
    $38,393
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $110,581
    Bonus
    $16,000
    Other
    $0
    Deferred
    $11,765
    Nontaxable benefits
    $26,628
    Filer's total
    $164,974

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 · Compensation committee
  • 3 · Written employment contract
  • 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.

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.

Provenance

Return type
form_990
Tax year
2023
Filed
13 March 2025
IRS schema version
2023v6.0
Source object
202510729349301651

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