2024-06-05T09:08:38-05:00 2023-08-31 470696474 AWERKAMP GOODNIGHT SCHWALLER & NELSON 16910 MARCY STREET SUITE 103 OMAHA NE 681182707 990 2022-09-01 421374146 COUNCIL BLUFFS SCHOOLS FOUNDATION INC COUN 7123228800 300 WEST BROADWAY 212 COUNCIL BLUFFS IA 51503 BRIDGETTE WATSON EXECUTIVE DIRECTOR 7123228800 2024-06-03 1 BRIDGETTE WATSON 999009999 0 LORI K HOLLOWAY P00783063 4023349011 2024-05-24 0 AAL1 IAL1 2022 2023-04-26 12:10:37Z BRIDGETTE WATSON 300 WEST BROADWAY 212 COUNCIL BLUFFS IA 51503 4045912 0 X WWW.CBSF.ORG X 1991 IA TO PROVIDE FINANCIAL RESOURCES AND SUPPORT TO BENEFIT THE CHILDREN, FAMILIES, AND STAFF OF THE COUNCIL BLUFFS COMMUNITY SCHOOL DISTRICT. 11 11 99 15 0 0 6849602 1920731 1496433 1484238 40296 125267 29062 46071 8415393 3576307 329902 413630 0 0 1364782 1573679 0 0 227477 669818 4982401 2364502 6969710 6050891 -3393403 9356231 6068565 168729 230462 9187502 5838103 X TO PROVIDE FINANCIAL RESOURCES AND SUPPORT TO BENEFIT THE CHILDREN, FAMILIES, AND STAFF OF THE COUNCIL BLUFFS COMMUNITY SCHOOL DISTRICT. 0 0 1478711 63237 1495225 KIDS & COMPANY - PROVIDES CHILD CARE SERVICES TO ELEMENTARY SCHOOL-AGED CHILDREN IN THE COUNCIL BLUFFS, IOWA AREA 172546 172546 STARS PROGRAM - A PROGRAM DESIGNED FOR LOW-INCOME FULL-TIME STUDENTS PURSUING A DEGREE. 69450 69450 SCHOLARSHIP PROGRAM - ADMINISTER SCHOLARSHIPS TO STUDENTS FROM COUNCIL BLUFFS. 4554837 108397 OTHER PROGRAM SERVICES INCLUDES $108,397 OF CLASSROOM GRANTS TO THE COUNCIL BLUFFS COMMUNITY SCHOOLS AND $4,554,837 FOR EARLY LEARNING CENTER THAT WAS FUNDED BY CAPITAL CAMPAIGN CONTRIBUTIONS, WHICH WERE REPORTED AS RESTRICTED EXPENSE. 4554837 108397 6275544 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 1 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 99 1 0 0 0 0 0 0 0 0 0 0 X 11 11 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X TRACY SCHUTT 7123228800 300 WEST BROADWAY COUNCIL BLUFFS IA 51503 ASHLEY KRUSE VICE PRESIDENT 1.00 X X 0 0 0 ERIN JOHNSON PRESIDENT 1.00 X X 0 0 0 MIKE RAU SECRETARY 1.00 X X 0 0 0 DIANE OSTROWSKI DIRECTOR 1.00 X 0 0 0 MARK SCHULDT DIRECTOR 1.00 X 0 0 0 SUSAN RILEY DIRECTOR 1.00 X 0 0 0 NICOLE HUGHES DIRECTOR 1.00 X 0 0 0 LONNY KOLLN TREASURER 1.00 X X 0 0 0 MICHELLE HIERS DIRECTOR 1.00 X 0 0 0 RON TEKIPPE DIRECTOR 1.00 X 0 0 0 JOSH KALLSEN DIRECTOR 1.00 X 0 0 0 CHRIS LAFERLA EXECUTIVE DIRECTOR 40.00 X 115360 0 8363 115360 0 8363 1 0 0 0 0 605674 1315057 1920731 PARENT PAY 624410 991191 991191 FEES FROM GOVERNMENT 624410 493047 493047 1484238 57021 57021 502273 434027 68246 68246 68246 70662 35578 35084 35084 OTHER INCOME 624410 10987 10987 10987 3576307 1495225 0 160351 108397 108397 305233 305233 115360 115360 1205326 970879 162967 71480 153304 116268 27534 9502 99689 73285 21009 5395 61541 61541 10500 10500 6053 4159 800 1094 60059 14075 26368 19616 48000 35286 10116 2598 20619 8454 8606 3559 2874 2874 32842 23849 6837 2156 RESTRICTED EXPENSES - C 4562345 4446440 4020 111885 BAD DEBTS 60014 60014 SUPPLIES 37700 37700 MISCELLANEOUS EXPENSE 26744 25401 1295 48 53110 46104 6862 144 6969710 6275544 466689 227477 3172532 1760416 50000 51198 2383276 1482007 179946 244820 2800 169498 30730 7451 138768 2066359 2220722 1496667 167834 9356231 6068565 168729 116271 114191 168729 230462 X 1251244 2435503 7936258 3402600 9187502 5838103 9356231 6068565 -3393403 44004 0 X X 0 1 X 1 0 X 1169437 521565 1354781 6849602 1920731 11816116 1478400 1171055 1145812 1496433 1484238 6775938 270960 309520 309520 308860 448740 1647600 2918797 2002140 2810113 8654895 3853709 20239654 0 0 0 20239654 90546 78668 63856 115228 57021 405319 90546 78668 63856 115228 57021 405319 2201 1598 10987 14786 3011544 2082406 2873969 8770123 3921717 20659759 0.97970 0.97960 0.01960 0.02000 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: MISCELLANEOUS - 2018 AMOUNT: $ -32. BAD DEBT RECOVERY - 2018 AMOUNT: $ 2,230. 2019 AMOUNT: $ 1,586. CREDIT CARD FEE - 2018 AMOUNT: $ 3. 2019 AMOUNT: $ 12. STATE OF IOWA MOTOR FUEL TAX REFUND - 2022 AMOUNT: $ 10,987. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1460686 25732 127511 25732 1588197 1658039 76931 -232880 41404 1460686 1182200 304334 265015 93510 1658039 1129818 14266 80076 41960 1182200 1110524 58458 879 40043 1129818 0.53640 0.46360 0 0 20000 167 19833 35307 30563 4744 114191 114191 138768 X 4094129 44004 448740 35578 528322 3565807 10500 10500 3576307 7443528 448740 35578 484318 6959210 10500 10500 6969710 PART V, LINE 4: ENDOWED FUNDS ARE HELD PRIMARILY FOR THE PURPOSE OF PROVIDING SCHOLARSHIPS. PART X, LINE 2: THE FOUNDATION IS EXEMPT FROM FEDERAL INCOME TAXES AS A NON-PROFIT CORPORATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE FOUNDATION IS NOT CONSIDERED A PRIVATE FOUNDATION. THE FINANCIAL STATEMENTS WILL NOT REFLECT A PROVISION FOR INCOME TAXES, EXCEPT FOR THE TAX ON UNRELATED BUSINESS INCOME. FOR THE YEARS ENDED AUGUST 31, 2023 AND 2022, THE FOUNDATION HAD NO TAX LIABILITY FOR UNRELATED BUSINES INCOME. MANAGEMENT BELIEVES IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS AND DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. THE FOUNDATION IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY FEDERAL, STATE, OR LOCAL TAX AUTHORITIES FOR YEARS BEFORE AUGUST 31, 2020. PART XI, LINE 2D - OTHER ADJUSTMENTS: DIRECT FUNDRAISING EXPENSES 35,578. PART XII, LINE 2D - OTHER ADJUSTMENTS: DIRECT FUNDRAISING EXPENSES 35,578. LUNCHEON 24281 24281 18433 GOLF OUTING 20390 20390 10000 2 25991 25991 7145 70662 70662 35578 35578 35084 1 CB COMMUNITY SCHOOLS 300 WEST BROADWAY SUITE 1600 COUNCIL BLUFFS IA 51503 426001281 108397 0 CLASSROOM GRANTS STARS SCHOLARSHIPS 50 172546 CB RESIDENT SCHOLARSHIPS 67 69450 KIDS & CO. 505 63237 PART I, LINE 2: ALL GRANTEES COMPLETE AN APPLICATION INCLUDING ELIGIBILITY REQUIREMENTS FOR INCOME AND HOUSEHOLD. CB SCHOLARSHIPS ARE PAID DIRECTLY TO EDUCATIONAL INSTITUTIONS. STARS SCHOLARS MEET WITH A PROGRAM DIRECTOR FOR APPROVED ASSISTANCE. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE 990 IS ROUTED TO THE BOARD MEMBERS ELECTRONICALLY AND APPROVED VIA ELECTRONIC BALLOT. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY IS REVIEWED ANNUALLY BY THE BOARD OF DIRECTORS. CONFLICT OF INTEREST FORMS ARE PREPARED AND SIGNED BY DIRECTORS EACH YEAR. FORM 990, PART VI, SECTION B, LINE 15 EMPLOYMENT DATA FROM SURROUNDING REGIONS AND THE COMPANY BUDGET ARE REVIEWED BY BOARD MEMBERS AND EXECUTIVE DIRECTOR TO DETERMINE COMPENSATION FOR OFFICERS AND KEY EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE ON THE ENTITY'S WEBSITE. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.