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Nonprofiteer
← THE NEBRASKA COOPERATIVE COUNCIL EDUCATION FOUNDATION

Form 990 for tax year 2023

Filed by THE NEBRASKA COOPERATIVE COUNCIL EDUCATION FOUNDATION.

Totals

Total revenue
$51,484
Total expenses
$48,193
Contributions and grants received
$17,900
Grants paid
$43,450
Program service revenue
$0
Investment income
$33,584
Other revenue
$0
Total assets, end of year
$766,764
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$766,764
Program services expenses (Part IX)
$45,921
Management and general expenses
$2,272
Fundraising expenses
$0
Program service expenses (Part III)
$45,921

Program services were 95.3% 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

    $17,900

  • 3 · Investment income

    total $35,926 · excluded $35,926

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

    securities $2,342

  • 7c · Gain or loss

    securities -$2,342

  • 7d · Net gain or loss

    total -$2,342 · excluded -$2,342

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $11,400 · program services $11,400

  • 2 · Grants to domestic individuals

    total $32,050 · program services $32,050

  • 11c · Fees: accounting

    total $775 · management and general $775

  • 13 · Office expenses

    total $1,467 · management and general $1,467

  • 24a · Other expenses: YOUTH EDUCATION PROGRAM

    total $2,471 · program services $2,471

  • 24b · Other expenses: BANK SERVICE CHARGES

    total $30 · management and general $30

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $72,970 · end of year $14,399

  • 2 · Savings and temporary cash investments

    beginning of year $628,729 · end of year $752,365

  • 28 · Net assets with donor restrictions

    beginning of year $701,699 · end of year $766,764

Mission and programs · 2023

Mission

THE PURPOSE OF THE FOUNDATION IS TO ENCOURAGE HIGH SCHOOL GRADUATES TO PURSUE HIGHER EDUCATION IN THE AGRICULTURAL AND AGRIBUSINESS FIELDS THROUGH SCHOLARSHIPS AND THE IMPLEMENTATION OF SCHOOL-TO-WORK PROGRAMS WITH PARTICIPATING NEBRASKA COOPERATIVES. THE FOUNDATION ALSO PROMOTES AND SPONSORS CONTINUING EDUCATION PROGRAMS IN THE AGRICULTURAL AND COOPERATIVE INDUSTRIES.

Activities or mission (Part I)

THE FOUNDATION'S MISSION IS TO ENCOURAGE HIGH SCHOOL GRADUATES TO PURSUE HIGHER EDUCATION IN THE AGRICULTURAL AND AGRIBUSINESS FIELDS

  • THE PURPOSE OF THE FOUNDATION IS TO ENCOURAGE HIGH SCHOOL GRADUATES TO PURSUE HIGHER EDUCATION IN THE AGRICULTURAL AND AGRIBUSINESS FIELDS THROUGH SCHOLARSHIPS AND THE IMPLEMENTATION OF SCHOOL-TO-WORK PROGRAMS WITH PARTICIPATING NEBRASKA COOPERATIVES. THE FOUNDATION ALSO PROMOTES AND SPONSORS CONTINUING EDUCATION PROGRAMS IN THE AGRICULTURAL AND COOPERATIVE INDUSTRIES.FOR THE 2023 TAX YEAR:EIGHT STUDENTS RECEIVED $3,000 EACH IN SCHOLARSHIP FUNDS TO ATTEND UNIVERSITY OF NEBRASKA - LINCOLN (UNL).TWO STUDENTS RECEIVED $2,000 EACH IN SCHOLARSHIP FUNDS TO ATTEND NEBRASKA COLLEGE OF TECHNICAL AGRICULTURE (NCTA).ONE STUDENT RECEIVED $3,000 IN SCHOLARSHIP FUNDS TO ATTEND UNIVERSITY OF NEBRAKSA - KEARNEY (UNK).THE NEBRASKA FUTURE FARMERS OF AMERICA (FFA) FOUNDATION RECIEVED $1,050 IN CHARITABLE DONATIONS FOR WINNERS OF THE SPEECH CONTEST.CONTRIBUTIONS TOTALING $10,400 WERE FOR SPEAKERS AND OTHER EDUCATION FOR THE GROUNDWORK PROGRAM.A $1,000 CONTRIBUTION WAS MADE FOR "NEBRASKA AG IN THE CLASSROOM" DURING NATIONAL AG WEEK.

    Expenses $45,921 · Grants $43,450

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

Listed in Part VII

  • David Beckman

    CHAIRPERSON

    Total calculated
    $0
    Hours/week
    0.1

  • Chris Cullan

    VICE-CHAIRPERSON

    Total calculated
    $0
    Hours/week
    0.1

  • David Thomsen

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.1

  • Tom Houser

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

  • John Oehlerking

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

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

  • GROUNDWORK PROGRAM

    $10,400

    EDUCATIONAL SPEAKERS AND PROGRAMS TO HELP PARTICIPANTS LEARN ABOUT POLICYMAKING AND DEVELOP ADVOCACY SKILLS.

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
20 December 2024
IRS schema version
2023v5.1
Source object
202403559349301505

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