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Nonprofiteer
← CENTRAL COMMUNITY COLLEGE FOUNDATION INC

Form 990 for tax year 2024

Filed by CENTRAL COMMUNITY COLLEGE FOUNDATION INC.

Totals

Total revenue
$9,518,927
Total expenses
$7,263,497
Contributions and grants received
$7,173,153
Grants paid
$6,044,853
Program service revenue
$0
Investment income
$1,493,686
Other revenue
$852,088
Total assets, end of year
$25,744,589
Total liabilities, end of year
$870,951
Net assets or fund balances, end of year
$24,873,638
Program services expenses (Part IX)
$6,089,822
Management and general expenses
$790,153
Fundraising expenses
$383,522
Program service expenses (Part III)
$6,089,822

Program services were 83.8% 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

    $98,590

  • 1f · All other contributions, gifts and grants

    $7,074,563

  • 1g · Noncash contributions included above

    $543,364

  • 3 · Investment income

    total $704,295 · excluded $704,295

  • 7a · Gross sales of assets other than inventory

    securities $2,862,992

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

    securities $2,073,601

  • 7c · Gain or loss

    securities $789,391

  • 7d · Net gain or loss

    total $789,391 · excluded $789,391

  • 8a · Fundraising events: gross income

    $88,757

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

    $98,590

  • 8b · Fundraising events: direct expenses

    $109,606

  • 8c · Net income from fundraising events

    total -$20,849 · excluded -$20,849

  • 11a · Other revenue: SUPPORT FROM COLLEGE

    total $761,690 · related or exempt $761,690

  • 11b · Other revenue: MISCELLANEOUS

    total $57,601 · related or exempt $57,601

  • 11c · Other revenue: GAIN ON REDEMPTION OF LIFE INSURA

    total $53,646 · related or exempt $53,646

  • 11e · Other revenue, total

    $872,937

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $5,120,589 · program services $5,120,589

  • 2 · Grants to domestic individuals

    total $924,264 · program services $924,264

  • 7 · Other salaries and wages

    total $748,342 · management and general $476,381 · fundraising $271,961

  • 11g · Fees: other

    total $41,575 · program services $3,785 · management and general $37,790

  • 12 · Advertising and promotion

    total $65,626 · program services $32,225 · management and general $33,401

  • 16 · Occupancy

    total $4,670 · management and general $4,670

  • 18 · Travel or entertainment for public officials

    total $31,797 · program services $6,400 · management and general $25,383 · fundraising $14

  • 22 · Depreciation, depletion and amortization

    total $18,056 · management and general $18,056

  • 24a · Other expenses: MISCELLANEOUS

    total $114,200 · program services $190 · management and general $3,470 · fundraising $110,540

  • 24b · Other expenses: INVESTMENT ADVISOR FEES

    total $71,024 · management and general $71,024

  • 24c · Other expenses: OPERATING AND SUPPLY EX

    total $51,711 · program services $58 · management and general $51,578 · fundraising $75

  • 24d · Other expenses: EQUIPMENT EXPENSE

    total $39,034 · program services $196 · management and general $38,838

  • 24e · All other expenses

    total $32,609 · program services $2,115 · management and general $29,562 · fundraising $932

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $6,520,786 · end of year $4,308,734

  • 2 · Savings and temporary cash investments

    beginning of year $1,173,633 · end of year $842,740

  • 3 · Pledges and grants receivable

    beginning of year $2,128,832 · end of year $5,179,213

  • 4 · Accounts receivable

    beginning of year $213 · end of year $2,213

  • 7 · Other notes and loans receivable

    beginning of year $84,900 · end of year $55,653

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

    $738,595

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

    $162,723

  • 10c · Land, buildings and equipment, net

    beginning of year $593,928 · end of year $575,872

  • 11 · Investments: publicly traded securities

    beginning of year $11,983,268 · end of year $14,125,051

  • 12 · Investments: other securities

    beginning of year $1,119 · end of year $3,188

  • 13 · Investments: program-related

    beginning of year $616,285 · end of year $638,677

  • 15 · Other assets

    beginning of year $37,017 · end of year $13,248

  • 17 · Accounts payable and accrued expenses

    beginning of year $679 · end of year $1,330

  • 19 · Deferred revenue

    beginning of year $7,000 · end of year $66,939

  • 23 · Secured mortgages and notes payable

    beginning of year $315,765 · end of year $302,682

  • 25 · Other liabilities

    beginning of year $500,000 · end of year $500,000

  • 27 · Net assets without donor restrictions

    beginning of year $3,270,859 · end of year $2,151,756

  • 28 · Net assets with donor restrictions

    beginning of year $19,045,678 · end of year $22,721,882

Mission and programs · 2024

Mission

THE FOUNDATION'S MISSION IS TO ADVANCE OPPORTUNITIES FOR QUALITY EDUCATIONAL SERVICES IN NEBRASKA-BASED INSTITUTIONS.

Activities or mission (Part I)

PROVIDE MONETARY AND ADVISORY SUPPORT FOR CENTRAL COMMUNITY COLLEGE

  • SCHOLARSHIPS PROVIDED - THE FOUNDATION WAS ABLE TO PROVIDE $924,264 OF SCHOLARSHIPS TO STUDENTS ATTENDING CENTRAL COMMUNITY COLLEGE DURING THE FISCAL YEAR ENDED JUNE 30, 2025.

    Expenses $924,264 · Grants $924,264

  • PROGRAM AND ACTIVITY SUPPORT - $5,019,917 WAS TRANSFERRED TO CENTRAL COMMUNITY COLLEGE FOR GRANTS. $75,500 WAS TRANSFERRED TO VARIOUS OTHER NEBRASKA COMMUNITY COLLEGES FOR PROGRAM SUPPORT DURING THE FISCAL YEAR ENDED JUNE 30, 2025. IN ADDITION, $25,172 OF DONATED EQUIPMENT AND SUPPLIES WERE TRANSFERRED TO CENTRAL COMMUNITY COLLEGE TO ASSIST IN VARIOUS PROGRAM ACTIVITIES.

    Expenses $5,120,589 · Grants $5,120,589

  • ALUMNI PROGRAM AND POST-SECONDARY INTERNATIONAL NETWORK HOSTING- THE FOUNDATION EXPENSED $44,969 TO PERFORM VARIOUS FUNCTIONS AND RUN EVENTS FOR THE ALUMNI PROGRAM AND POST-SECONDARY INTERNATIONAL NETWORK.

    Expenses $44,969

As filed on the 2024 return.

Listed in Part VII

  • Jack Schreiner

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Kevin Brostrom

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Jay Trofholz

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0.5

  • Terry Millard

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Quelbin Izaguirre

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Jeanne Schieffer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Beth Boesch

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    0.5

  • Ray O'Connor

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.5

  • Jon Abegglen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Jeff Anderson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Justin Pfenning

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Jesse Trotter

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Jay Landell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Sharon Liske

    TREASURER/FINANCIAL CONTRO

    Total calculated
    $61,190
    From this org
    $0
    From related orgs
    $61,190
    Other
    $0
    Hours/week
    40

  • Traci Skalberg

    EXECUTIVE DIRECTOR

    Total calculated
    $120,801
    From this org
    $0
    From related orgs
    $120,801
    Other
    $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.

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

  • CENTRAL COMMUNITY COLLEGE

    $5,095,417

    SUPPORT OF COLLEGE PROGRAMS AND ACTIVITIES

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.

  • CENTRAL COMMUNITY COLLEGE

    501(C)(3) · EDUCATIONAL INSTITUTION · NE

  • WARREN AND VELDA WILSON FOUNDATION

    501(C)(3) · CHARITY AND PROVIDE SCHOLARSHIPS · NE

    Directly controlled by CENTRAL COMMUNITY COLLEGE FOUNDATION

Provenance

Return type
form_990
Tax year
2024
Filed
10 October 2025
IRS schema version
2024v5.2
Source object
202513009349300741

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