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← CHILDRENS SCHOLARSHIP FUND OF OMAHA

Form 990 for tax year 2023

Filed by CHILDRENS SCHOLARSHIP FUND OF OMAHA.

Totals

Total revenue
$3,183,030
Total expenses
$3,058,138
Contributions and grants received
$3,180,235
Grants paid
$2,453,045
Program service revenue
$0
Investment income
$23,621
Other revenue
-$20,826
Total assets, end of year
$2,077,680
Total liabilities, end of year
$133,411
Net assets or fund balances, end of year
$1,944,269
Program services expenses (Part IX)
$2,723,661
Management and general expenses
$104,483
Fundraising expenses
$229,994
Program service expenses (Part III)
$2,723,661

Program services were 89.1% 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

    $545,275

  • 1f · All other contributions, gifts and grants

    $2,634,960

  • 3 · Investment income

    total $54,318 · excluded $54,318

  • 7a · Gross sales of assets other than inventory

    securities $528,018

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

    securities $558,715

  • 7c · Gain or loss

    securities -$30,697

  • 7d · Net gain or loss

    total -$30,697 · excluded -$30,697

  • 8a · Fundraising events: gross income

    $17,100

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

    $545,275

  • 8b · Fundraising events: direct expenses

    $37,926

  • 8c · Net income from fundraising events

    total -$20,826 · excluded -$20,826

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $2,453,045 · program services $2,453,045

  • 5 · Compensation of officers, directors and key employees

    total $189,895 · program services $82,984 · management and general $24,307 · fundraising $82,604

  • 7 · Other salaries and wages

    total $223,138 · program services $97,511 · management and general $28,562 · fundraising $97,065

  • 8 · Pension plan contributions

    total $6,694 · program services $2,925 · management and general $857 · fundraising $2,912

  • 9 · Other employee benefits

    total $36,543 · program services $15,970 · management and general $4,677 · fundraising $15,896

  • 10 · Payroll taxes

    total $30,251 · program services $13,220 · management and general $3,872 · fundraising $13,159

  • 11b · Fees: legal

    total $1,134 · management and general $1,134

  • 11c · Fees: accounting

    total $13,000 · management and general $13,000

  • 11f · Fees: investment management

    total $1,760 · management and general $1,760

  • 11g · Fees: other

    total $11,952 · management and general $11,952

  • 12 · Advertising and promotion

    total $1,459 · program services $1,167 · fundraising $292

  • 13 · Office expenses

    total $14,489 · program services $11,591 · fundraising $2,898

  • 14 · Information technology

    total $9,830 · management and general $9,830

  • 16 · Occupancy

    total $35,205 · program services $28,164 · fundraising $7,041

  • 17 · Travel

    total $3,164 · fundraising $3,164

  • 19 · Conferences, conventions and meetings

    total $692 · fundraising $692

  • 22 · Depreciation, depletion and amortization

    total $1,474 · program services $1,179 · fundraising $295

  • 23 · Insurance

    total $3,830 · management and general $3,830

  • 24a · Other expenses: PROGRAM EXPENSE

    total $15,314 · program services $12,252 · fundraising $3,062

  • 24b · Other expenses: DONOR CULTIVATION

    total $3,939 · program services $3,151 · fundraising $788

  • 24c · Other expenses: MISCELLANEOUS EXPENSE

    total $702 · management and general $702

  • 24d · Other expenses: BANK AND MERCHANT FEES

    total $628 · program services $502 · fundraising $126

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $626,099 · end of year $827,943

  • 3 · Pledges and grants receivable

    beginning of year $105,700 · end of year $10,000

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,550 · end of year $3,705

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

    $20,870

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

    $14,437

  • 10c · Land, buildings and equipment, net

    beginning of year $7,907 · end of year $6,433

  • 11 · Investments: publicly traded securities

    beginning of year $946,748 · end of year $1,102,113

  • 15 · Other assets

    beginning of year $0 · end of year $127,486

  • 17 · Accounts payable and accrued expenses

    beginning of year $10,496 · end of year $4,106

  • 25 · Other liabilities

    beginning of year $0 · end of year $129,305

  • 27 · Net assets without donor restrictions

    beginning of year $1,571,808 · end of year $1,934,269

  • 28 · Net assets with donor restrictions

    beginning of year $105,700 · end of year $10,000

Mission and programs · 2023

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 1,640 STUDENTS

    Expenses $2,723,661 · Grants $2,453,045

As filed on the 2023 return.

Listed in Part VII

  • Shaun McGaughey

    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

  • David Cota

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25

  • Craig McGarry

    DIRECOR

    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

  • Robert A Reed Jr

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25

  • Peter Schropp

    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

  • Dr Jim Sutfin

    DIRECTOR (UNTIL 12/23)

    Total calculated
    $0
    Hours/week
    0.25

  • Lequisha Turner

    DIRECTOR (UNTIL 08/23)

    Total calculated
    $0
    Hours/week
    0.25

  • Joel Long

    EXECUTIVE DIRECTOR

    Total calculated
    $195,436
    From this org
    $144,654
    From related orgs
    $0
    Other
    $50,782
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $144,654
    Bonus
    $0
    Other
    $0
    Deferred
    $4,340
    Nontaxable benefits
    $46,442
    Filer's total
    $195,436

  • Anette Gilner

    DIRECTOR OF DONOR RELATIONS AND COMMUNICATIONS

    Total calculated
    $135,595
    From this org
    $104,808
    From related orgs
    $0
    Other
    $30,787
    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
2023
Filed
24 April 2025
IRS schema version
2023v6.0
Source object
202531159349301328

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