Nonprofit · EIN 47-0740498
ALBION EDUCATION FOUNDATION
Tax-exempt · ALBION, NE 68620
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $213,053 | $215,272 | -$2,219 | $3,475,224 | $0 | $3,475,224 |
| December 31, 2023 | 990 | $201,507 | $167,236 | $34,271 | $3,477,443 | $0 | $3,477,443 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $22,251
- Program service revenue
- $5,739
- Investment income
- $185,063
- Net gain from sales of assets
- $81,087
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $178,729
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $490
- Program services (functional)
- $179,219
- Management and general (functional)
- $36,053
Balance sheet and other
- Total assets, start of year
- $3,477,443
- Total assets, end of year
- $3,475,224
- Total liabilities, end of year
- $0
- Net assets, end of year
- $3,475,224
- Gross receipts
- $761,147
- Employees
- 0
- Year formed
- 1991
- State of legal domicile
- NE
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 December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LYNN BYGLAND | DIRECTOR Trustee or director | 1 | $0 |
| RON COAKES | DIRECTOR Trustee or director | 1 | $0 |
| KURT KRUSE | DIRECTOR Trustee or director | 1 | $0 |
| CAROL KUSEK | PRESIDENT Trustee or director, Officer | 2 | $0 |
| RICHARD MARTINSEN | TREASURER Trustee or director, Officer | 3 | $0 |
| GAY SANDMAN | VICE PRESIDE Trustee or director, Officer | 1 | $0 |
| RICHARD STEPHENS | SECRETARY Trustee or director, Officer | 1 | $0 |
990 for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LYNN BYGLAND | DIRECTOR Trustee or director | 1 | $0 |
| RON COAKES | DIRECTOR Trustee or director | 1 | $0 |
| KURT KRUSE | DIRECTOR Trustee or director | 1 | $0 |
| CAROL KUSEK | PRESIDENT Trustee or director, Officer | 2 | $0 |
| RICHARD MARTINSEN | TREASURER Trustee or director, Officer | 5 | $0 |
| GAY SANDMAN | VICE PRESIDE Trustee or director, Officer | 1 | $0 |
| RICHARD STEPHENS | SECRETARY Trustee or director, Officer | 1 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 45, ALBION, NE 68620-0045
- Principal officer (990 for 2024)
- CAROL KUSEK
- Signed the 990
- CAROL KUSEK, PRESIDENT
- Phone
- (402) 395-5160
- Return prepared by
- MUELLER & HONCIK PC
Mission
FUNDS AND FORMULATES AND ADMINISTERS PROGRAMS IN COOPERATION WITH THE SCHOOL ADMINISTRATION. THE FOUNDATION OPERATES THROUGH ITS BOARD OF DIRECTORS, OFFICERS, STANDING COMMITTEES, AND WITH THE ASSISTANCE AND PARTICIPATION OF VOLUNTEERS AND SUPPORTERS.
Program accomplishments
- PROVIDE SCHOLARSHIPS AND EDUCATIONAL DEVELOPMENT FOR STUDENTS OF BOONE CENTRAL PUBLIC SCHOOLS (BCPS)Expenses $75,400 · grants $75,400 · revenue $5,739
- SUPPORT BOONE CENTRAL PUBLIC SCHOOLS IN ITS EDUCATIONAL DEVELOPMENT OF STUDENTS.Expenses $88,869 · grants $88,869
- THE ALBION EDUCATION FOUNDATION (AEF) PROVIDED SUPPORT TO THE PRAIRIE PLAINS RESOURCE INSTITUTE TO MANAGE THE OLSON NATURE PRESERVE AND TO ST. MICHAEL'S SCHOOL FOR A SCHOOL KINDNESS PROGRAM. THROUGH THE SUPPORT OF THE THESE ORGANIZATIONS, BOONE CENTRAL PUBLIC SCHOOLS WAS BENEFITED BY ALLOWING IT'S STUDENTS ACCESS TO THE GREAT PLAINS LANDSCAPE AND PROMOTING GOOD CITIZENSHIP.Expenses $11,960 · grants $11,960
- THE ALBION EDUCATION FOUNDATION (AEF) SUPPORTS ORGANIZATIONS OTHER THAN BOONE CENTRAL PUBLIC SCHOOLS (BCPS), WHICH IS LISTED IN THE ORGANIZATION'S GOVERNING DOCUMENTS. THE AEF PROVIDES SUPPORT TO THOSE ORGANIZATIONS THAT BENEFIT OR HELP PERFORM THE FUNCTIONS OF BCPS THROUGH COOPERATING ACTIVITIES AND SCHOOL ASSEMBLIES, ETC.Expenses $2,990 · grants $2,500
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 December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 47-0740498
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization (509(a)(3))
- Donations deductible (Pub 78)
- Supporting organization of unknown type
- Exempt since
- 1996
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Religion-related (X99Z)
- Assets (IRS master file)
- $3,475,224
- Income (IRS master file)
- $761,147
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $213,053 | $215,272 | $3,475,224 | IRS |
| 990 | December 2023 | $201,507 | $167,236 | $3,477,443 | XML |
| 990 | December 2022 | $110,949 | $263,753 | $3,443,172 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | 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 47-0740498).
Questions about ALBION EDUCATION FOUNDATION
- What is the EIN of ALBION EDUCATION FOUNDATION?
- The employer identification number (EIN) of ALBION EDUCATION FOUNDATION is 47-0740498.
- Is ALBION EDUCATION FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1996.
- Are donations to ALBION EDUCATION FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
- Which annual return does ALBION EDUCATION FOUNDATION 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 ALBION EDUCATION FOUNDATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did ALBION EDUCATION FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of ALBION EDUCATION FOUNDATION?
- The 990 for the year ended December 31, 2024 names CAROL KUSEK.
- Who are the officers and directors of ALBION EDUCATION FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 7 people; 0 received compensation from the organization.
- How much revenue does ALBION EDUCATION FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $213,053, expenses of $215,272 and total assets of $3,475,224 at year end.
Other nonprofits in ALBION
- BOONE BEGINNINGS EARLY CHILDHOOD AND FAMILY DEVELOPMENT CENTER INC EIN 83-3102498 · last filed 990 for 2024
- ALBION COUNTRY CLUB INCORPORATED EIN 47-0389210 · last filed 990 for 2025
- BOONE COUNTY FITNESS CENTER INC EIN 47-0667375 · last filed 990 for 2025
- BOONE COUNTY HEALTH CENTER FOUNDATION EIN 47-0707315 · last filed 990 for 2025
- ALBION ECONOMIC DEVELOPMENT CORPORATION EIN 32-0108328 · last filed 990 for 2026
- JIM AND ELAINE WOLF FOUNDATION EIN 47-0611456 · last filed 990-PF for 2025
- BCDA INC EIN 46-4245843 · last filed 990 for 2025
- BOONE COUNTY AGRICULTURAL EDUCATION CENTER INC EIN 83-2000512 · last filed 990 for 2025