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Nonprofiteer
← CUES FUND

Form 990 for tax year 2023

Filed by CUES FUND.

Totals

Total revenue
$8,923,215
Total expenses
$6,775,471
Contributions and grants received
$8,574,156
Grants paid
$5,642,569
Program service revenue
$10,026
Investment income
$340,218
Other revenue
-$1,185
Total assets, end of year
$7,683,593
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$7,683,593
Program services expenses (Part IX)
$6,514,302
Management and general expenses
$261,169
Fundraising expenses
$0
Program service expenses (Part III)
$6,514,302

Program services were 96.1% 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.

  • 1a · Federated campaigns

    $37,044

  • 1c · Fundraising events

    $756,966

  • 1f · All other contributions, gifts and grants

    $7,780,146

  • 2a · Program service revenue: HEART OF CUES

    total $10,026 · related or exempt $10,026

  • 3 · Investment income

    total $181,115 · excluded $181,115

  • 7a · Gross sales of assets other than inventory

    securities $1,545,805

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

    securities $1,386,702

  • 7c · Gain or loss

    securities $159,103

  • 7d · Net gain or loss

    total $159,103 · excluded $159,103

  • 8a · Fundraising events: gross income

    $47,150

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

    $756,966

  • 8b · Fundraising events: direct expenses

    $113,335

  • 8c · Net income from fundraising events

    total -$66,185 · excluded -$66,185

  • 11a · Other revenue: OTHER INCOME

    total $65,000 · excluded $65,000

  • 11e · Other revenue, total

    $65,000

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $5,642,569 · program services $5,642,569

  • 5 · Compensation of officers, directors and key employees

    total $177,542 · program services $152,686 · management and general $24,856

  • 7 · Other salaries and wages

    total $541,744 · program services $465,900 · management and general $75,844

  • 8 · Pension plan contributions

    total $13,519 · program services $11,626 · management and general $1,893

  • 9 · Other employee benefits

    total $25,154 · program services $21,632 · management and general $3,522

  • 10 · Payroll taxes

    total $65,549 · program services $56,372 · management and general $9,177

  • 11f · Fees: investment management

    total $18,953 · management and general $18,953

  • 11g · Fees: other

    total $52,735 · management and general $52,735

  • 12 · Advertising and promotion

    total $30,622 · program services $26,335 · management and general $4,287

  • 13 · Office expenses

    total $25,583 · program services $25,583

  • 14 · Information technology

    total $26,525 · management and general $26,525

  • 19 · Conferences, conventions and meetings

    total $7,415 · program services $6,379 · management and general $1,036

  • 23 · Insurance

    total $5,240 · management and general $5,240

  • 24a · Other expenses: SPECIAL EVENTS

    total $66,149 · program services $66,149

  • 24b · Other expenses: GROUP DINNERS

    total $26,357 · program services $22,667 · management and general $3,690

  • 24c · Other expenses: GRANT WRITING

    total $16,404 · program services $16,404

  • 24d · Other expenses: BANK CHARGES

    total $11,688 · management and general $11,688

  • 24e · All other expenses

    total $21,723 · management and general $21,723

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $709,688 · end of year $221,180

  • 2 · Savings and temporary cash investments

    beginning of year $10,940 · end of year $175,701

  • 11 · Investments: publicly traded securities

    beginning of year $4,550,642 · end of year $7,286,712

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,127 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $4,534,646 · end of year $5,706,114

  • 28 · Net assets with donor restrictions

    beginning of year $735,497 · end of year $1,977,479

Mission and programs · 2023

Mission

THE CUES FUND SECURES FINANCIAL SUPPORT THROUGH PRIVATE DONATIONS TO FULLY FUND THE CUES SCHOOL SYSTEM. THE SCHOOL SYSTEM PROVIDES CENTRALIZED LEADERSHIP AND GOVERNANCE TO THREE URBAN GRADE SCHOOLS: SACRED HEART, ALL SAINTS AND HOLY NAME. THE CUES FUND IS A NON-RELIGIOUS, NON-PROFIT ORGANIZATION OVERSEEN BY A BOARD OF DIRECTORS.

Activities or mission (Part I)

SECURES FINANCIAL SUPPORT THROUGH PRIVATE DONATIONS TO FULLY FUND THE CUES SCHOOL SYSTEM.

  • HOLY NAME ELEMENTARY SCHOOL WAS FOUNDED IN 1917 AND IS LOCATED AT 2909 FONTENELLE BLVD., OMAHA, NE. IN 23-24, ENROLLMENT WAS 255 WITH AN AVERAGE CLASS SIZE OF 16. A MAJORITY, 100%, OF THESE FAMILIES QUALIFY FOR TUITION ASSISTANCE AND 100% QUALIFY FOR FREE OR REDUCED LUNCH. CUES IS OPEN TO ALL CHILDREN. THE ENROLLMENT POLICY IS OPEN, BEING CATHOLIC IS NOT A REQUIREMENT. IN FACT, ONLY 35% OF OUR STUDENTS ARE CATHOLIC. THE STUDENT POPULATION IS DIVERSE WITH 47% BLACK, 24% LATINO, 12% WHITE, 9% ASIAN, AND 8% MULTIRACIAL. CUES SCHOOLS SYSTEM PARTNERS WITH COMMUNITY RESOURCES TO IMPROVE EACH FAMILY'S CIRCUMSTANCES AND POSITIVELY AFFECT HOME LIFE FOR STUDENTS. CUES PARTNERSHIPS SUPPLY FAMILIES WITH NEEDED ITEMS SUCH AS FOOD, MEDICAL AND DENTAL, TRANSPORTATION, AND UTILITY AND RENT ASSISTANCE. LEARNING OPPORTUNITIES OUTSIDE THE CLASSROOM INCLUDE STEAM LEARNING OPPORTUNITIES WITH A MAJORITY OF THESE STUDENTS ATTENDING AN AFTER-SCHOOL PROGRAM.

    Expenses $1,893,976 · Grants $1,893,976

  • SACRED HEART ELEMENTARY SCHOOL WAS FOUNDED IN 1904 AND IS LOCATED AT 2205 BINNEY STREET, OMAHA, NE. IN 23-24, ENROLLMENT WAS 134 WITH AN AVERAGE CLASS SIZE OF 16. 100%, OF THESE FAMILIES QUALIFY FOR TUITION ASSISTANCE AND FREE OR REDUCED LUNCH. CUES IS OPEN TO ALL CHILDREN. THE ENROLLMENT POLICY IS OPEN, BEING CATHOLIC IS NOT A REQUIREMENT. IN FACT, ONLY 35% OF OUR STUDENTS ARE CATHOLIC. THE STUDENT POPULATION IS DIVERSE WITH 87% BLACK, 7% MULTIRACIAL, 4% LATINO AND 2% ARE WHITE. COMMUNITY PARTNERSHIPS ARE AN IMPORTANT PART OF PROVIDING STUDENTS AND FAMILIES WITH THE SUPPORT THEY NEED. CUES SCHOOLS SYSTEM PARTNERS WITH COMMUNITY RESOURCES TO IMPROVE EACH FAMILY'S CIRCUMSTANCES AND POSITIVELY AFFECT HOME LIFE FOR STUDENTS. CUES PARTNERSHIPS SUPPLY FAMILIES WITH NEEDED ITEMS SUCH AS FOOD, MEDICAL AND DENTAL, TRANSPORTATION, AND UTILITY AND RENT ASSISTANCE. LEARNING OPPORTUNITIES OUTSIDE THE CLASSROOM INCLUDE STEAM LEARNING OPPORTUNITIES WITH A MAJORITY OF THESE STUDENTS ATTENDING AN AFTER-SCHOOL PROGRAM.

    Expenses $1,845,758 · Grants $1,845,758

  • ALL SAINTS ELEMENTARY SCHOOL WAS FOUNDED IN 1955 AND IS LOCATED AT 1335 S. 10TH STREET, OMAHA, NE. IN 23-24, ENROLLMENT WAS 158 WITH AN AVERAGE CLASS SIZE OF 16. A MAJORITY, 100%, OF THESE FAMILIES QUALIFY FOR TUITION ASSISTANCE AND 100% QUALIFY FOR FREE OR REDUCED LUNCH. CUES IS OPEN TO ALL CHILDREN. THE ENROLLMENT POLICY IS OPEN, BEING CATHOLIC IS NOT A REQUIREMENT. IN FACT, ONLY 35% OF OUR STUDENTS ARE CATHOLIC. ALL ARE WELCOME TO ENROLL! THE STUDENT POPULATION IS DIVERSE WITH 52% LATINO, 37% BLACK, 7% WHITE AND 4% MULTIRACIAL. CUES SCHOOLS SYSTEM PARTNERS WITH COMMUNITY RESOURCES TO IMPROVE EACH FAMILY'S CIRCUMSTANCES AND POSITIVELY AFFECT HOME LIFE FOR STUDENTS. CUES PARTNERSHIPS SUPPLY FAMILIES WITH NEEDED ITEMS SUCH AS FOOD, MEDICAL AND DENTAL, TRANSPORTATION, AND UTILITY AND RENT ASSISTANCE. LEARNING OPPORTUNITIES OUTSIDE THE CLASSROOM INCLUDE STEAM LEARNING OPPORTUNITIES WITH A MAJORITY OF THESE STUDENTS ATTENDING AN AFTER-SCHOOL PROGRAM.

    Expenses $1,124,712 · Grants $1,124,712

  • OTHER PROGRAM SUPPORT.

    Expenses $1,649,856 · Grants $778,123 · Revenue $10,026

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • George Achola

    SECRETARY

    Total calculated
    $0
    Hours/week
    1
  • Dave Audino

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Bob Carlisle

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Deb Carlson PhD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Ralph Castner

    TREASURER

    Total calculated
    $0
    Hours/week
    1
  • Terry Connealy

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Pam Finn

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Tate Fitzgerald

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Brian Harr

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Jacob Idra

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Jeanie Jones

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Joel Jensen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Kerry Kelley

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Matt Kizer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Fr Dave Korth

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Daniel Lindstrom

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Kevin O'Malley

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Angie Quinn

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • John Reed Jr

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1
  • John Schuele

    PAST CHAIR

    Total calculated
    $0
    Hours/week
    1
  • Ann Schumacher

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    1
  • Thomas Sudyka

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Britt Thedinger MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Matt Tondl

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Tony Veland

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Justin Vossen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Robert Glow

    EXECUTIVE DIRECTOR (THRU 7.5.24)

    Total calculated
    $173,837
    From this org
    $158,082
    From related orgs
    $0
    Other
    $15,755
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $158,082
    Bonus
    $0
    Other
    $0
    Deferred
    $4,759
    Nontaxable benefits
    $10,996
    Filer's total
    $173,837
  • Marzia Shields

    EXECUTIVE DIRECTOR (AS OF 8.12.24)

    Total calculated
    $0
    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

Provenance

Return type
form_990
Tax year
2023
Filed
3 December 2024
IRS schema version
2023v5.1
Source object
202403419349301220

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