Nonprofit · EIN 42-1374146
COUNCIL BLUFFS SCHOOLS FOUNDATION INC
Tax-exempt · COUNCIL BLFS, IA 51503
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| August 31, 2025 | 990 | $2,914,991 | $3,013,554 | -$98,563 | $4,904,482 | $198,783 | $4,705,699 |
| August 31, 2024 | 990 | $2,778,444 | $3,088,255 | -$309,811 | $4,871,292 | $201,482 | $4,669,810 |
| August 31, 2023 | 990 | $3,576,307 | $6,969,710 | -$3,393,403 | $6,068,565 | $230,462 | $5,838,103 |
Financial details: 990 for the year ended August 31, 2025
Revenue
- Contributions, gifts and grants
- $560,627
- Program service revenue
- $2,216,546
- Investment income
- $119,115
- Net gain from sales of assets
- $1,384
- Net income from fundraising events
- $18,703
- Other revenue
- $18,703
Expenses
- Grants and similar amounts paid
- $227,200
- Other salaries and wages
- $1,416,449
- Salaries, compensation and benefits (total)
- $1,702,706
- Professional fundraising fees
- $0
- Occupancy
- $48,001
- Depreciation
- $2,730
- Program services (functional)
- $2,321,784
- Management and general (functional)
- $460,820
- Fundraising (functional)
- $230,950
Balance sheet and other
- Total assets, start of year
- $4,871,292
- Total assets, end of year
- $4,904,482
- Total liabilities, end of year
- $198,783
- Net assets, end of year
- $4,705,699
- Land, buildings and equipment
- $35,249
- Net assets without donor restrictions
- $1,323,645
- Net assets with donor restrictions
- $3,382,054
- Gross receipts
- $3,293,296
- Employees
- 85
- Volunteers
- 15
- Year formed
- 1991
- State of legal domicile
- IA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended August 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| BRIDGETTE WATSON | EXECUTIVE DIRECTOR Trustee or director, Officer | 1 | $105,294 | $6,644 |
| ERIN JOHNSON | PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| LONNY KOLLN | VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| MIKE RAU | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| MIKE WOLF | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| ANA HERNANDEZ | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| BETH WATKINS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| MARIA SOTUYI | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| MIMI DOBSON | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| ABBY HEISTAND | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| MICHELLE HIERS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JOSH KALLSEN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| DIANE OSTROWSKI | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| MARK SCHULDT | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| DR VICKIE MURRILO | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
990 for the year ended August 31, 2024: 15 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ERIN JOHNSON | PRESIDENT Trustee or director, Officer | 1 | $0 |
| LONNY KOLLN | VICE PRESIDENT Trustee or director, Officer | 1 | $0 |
| MIKE RAU | TREASURER Trustee or director, Officer | 1 | $0 |
| MIKE WOLF | SECRETARY Trustee or director, Officer | 1 | $0 |
| ANA HERNANDEZ | BOARD MEMBER Trustee or director | 1 | $0 |
| BETH WATKINS | BOARD MEMBER Trustee or director | 1 | $0 |
| MARIA SOTUYI | BOARD MEMBER Trustee or director | 1 | $0 |
| MIMI DOBSON | BOARD MEMBER Trustee or director | 1 | $0 |
| ABBY HEISTAND | BOARD MEMBER Trustee or director | 1 | $0 |
| MICHELLE HIERS | BOARD MEMBER Trustee or director | 1 | $0 |
| JOSH KALLSEN | BOARD MEMBER Trustee or director | 1 | $0 |
| DIANE OSTROWSKI | BOARD MEMBER Trustee or director | 1 | $0 |
| MARK SCHULDT | BOARD MEMBER Trustee or director | 1 | $0 |
| DR VICKIE MURRILO | BOARD MEMBER Trustee or director | 1 | $0 |
| BRIDGETTE WATSON | EXECUTIVE DIRECTOR Trustee or director, Officer | 1 | $0 |
990 for the year ended August 31, 2023: 12 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| CHRIS LAFERLA | EXECUTIVE DIRECTOR Officer | 40 | $115,360 | $8,363 |
| ASHLEY KRUSE | VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| ERIN JOHNSON | PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| MIKE RAU | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| DIANE OSTROWSKI | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MARK SCHULDT | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SUSAN RILEY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| NICOLE HUGHES | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LONNY KOLLN | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| MICHELLE HIERS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| RON TEKIPPE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JOSH KALLSEN | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 300 W BROADWAY STE 212, COUNCIL BLFS, IA 51503-9061
- Principal officer (990 for 2024)
- BRIDGETTE WATSON, 300 WEST BROADWAY STE 212, COUNCIL BLUFFS, IA 51503
- Signed the 990
- BRIDGETTE WATSON, ED
- Phone
- (712) 396-2079
- Website
- WWW.CBSF.ORG
- Return prepared by
- HAYES & ASSOCIATES LLC
Mission
TO PROVIDE FINANCIAL RESOURCES AND SUPPORT TO BENEFIT THE CHILDREN, FAMILIES, AND STAFF OF THE COUNCIL BLUFFS COMMUNITY SCHOOL DISTRICT.
Program accomplishments
- KIDS & COMPANY PROVIDES CHILD CARE SERVICES TO ELEMENTARY SCHOOLAGED CHILDREN IN THE COUNCIL BLUFFS, IOWA AREAExpenses $1,620,368 · grants $283,483 · revenue $1,994,432
- STARS PROGRAM A PROGRAM DESIGNED FOR LOWINCOME FULLTIME STUDENTS PURSUING A DEGREE.Expenses $226,025 · grants $226,025 · revenue $222,114
- SCHOLARSHIP PROGRAM ADMINISTER SCHOLARSHIPS TO STUDENTS FROM COUNCIL BLUFFS.Expenses $72,200 · grants $72,200
- Expenses $403,191
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in August, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | August 31, 2026 | January 15, 2027 | Not due yet |
| 2024 | August 31, 2025 | January 15, 2026 | 990 on file |
| 2023 | August 31, 2024 | January 15, 2025 | 990 on file |
IRS record
- EIN
- 42-1374146
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1992
- Accounting year ends
- August
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B99Z)
- Assets (IRS master file)
- $4,904,482
- Income (IRS master file)
- $3,293,296
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | August 2025 | $2,914,991 | $3,013,554 | $4,904,482 | IRS |
| 990 | August 2024 | $2,778,444 | $3,088,255 | $4,871,292 | IRS |
| 990 | August 2023 | $3,576,307 | $6,969,710 | $6,068,565 | XML |
| 990 | August 2022 | $8,415,393 | $2,364,502 | $9,356,231 | IRS |
| 990 | August 2021 | – | – | – | IRS |
| 990 | August 2020 | – | – | – | IRS |
| 990 | August 2019 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 42-1374146).
Questions about COUNCIL BLUFFS SCHOOLS FOUNDATION INC
- What is the EIN of COUNCIL BLUFFS SCHOOLS FOUNDATION INC?
- The employer identification number (EIN) of COUNCIL BLUFFS SCHOOLS FOUNDATION INC is 42-1374146.
- Is COUNCIL BLUFFS SCHOOLS FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1992.
- Are donations to COUNCIL BLUFFS SCHOOLS FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does COUNCIL BLUFFS SCHOOLS FOUNDATION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of COUNCIL BLUFFS SCHOOLS FOUNDATION INC due?
- The return for tax year 2025 (the year ending August 31, 2026) is due January 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did COUNCIL BLUFFS SCHOOLS FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended August 2025.
- Who is the principal officer of COUNCIL BLUFFS SCHOOLS FOUNDATION INC?
- The 990 for the year ended August 31, 2025 names BRIDGETTE WATSON.
- Who are the officers and directors of COUNCIL BLUFFS SCHOOLS FOUNDATION INC?
- The 990 for the year ended August 31, 2025 lists 15 people; 1 received compensation from the organization, the highest $105,294 (BRIDGETTE WATSON, EXECUTIVE DIRECTOR).
- How much revenue does COUNCIL BLUFFS SCHOOLS FOUNDATION INC have?
- On its 990 for the year ended August 31, 2025 it reported revenue of $2,914,991, expenses of $3,013,554 and total assets of $4,904,482 at year end.
Other nonprofits in COUNCIL BLFS
- CAREER EDVANTAGE EIN 84-1914779 · last filed 990 for 2025
- IOWA SCHOOL FOR THE DEAF FOUNDATION EIN 42-1411680 · last filed 990 for 2024
- TEENS OF TOMORROW INC EIN 86-1121249 · last filed 990-N for 2025
- AFJROTC BOOSTER CLUB EIN 87-3411883 · last filed 990-N for 2025
- ROTARY FOUNDATION COUNCIL BLUFFS IOWA EIN 42-1396183 · last filed 990-N for 2024
- JR JACKET ROBOTICS EIN 82-0695364 · last filed 990-N for 2025
- ABRAHAM LINCOLN HIGH SCHOOL BAND BOOSTERS EIN 42-1229116 · last filed 990-N for 2025
- PARENT BOOSTER USA INC EIN 88-2382654 · last filed 990-N for 2025