Nonprofit · EIN 51-0189077
PHELPS COUNTY COMMUNITY FOUNDATION INC
Tax-exempt · HOLDREGE, NE 68949
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $3,198,455 | $2,680,081 | $518,374 | $33,132,305 | $9,418,634 | $23,713,671 |
| June 30, 2024 | 990 | $4,888,274 | $4,970,045 | -$81,771 | $30,688,606 | $8,486,733 | $22,201,873 |
| June 30, 2023 | 990 | $11,441,466 | $6,630,171 | $4,811,295 | $29,498,112 | $8,332,341 | $21,165,771 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $2,042,853
- Program service revenue
- $98,265
- Investment income
- $1,057,337
- Net gain from sales of assets
- $245,558
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $2,215,560
- Compensation of officers, directors and key employees
- $80,328
- Other salaries and wages
- $104,377
- Salaries, compensation and benefits (total)
- $204,074
- Professional fundraising fees
- $0
- Legal fees
- $12,288
- Accounting fees
- $13,885
- Depreciation
- $27,544
- Program services (functional)
- $2,215,560
- Management and general (functional)
- $409,770
- Fundraising (functional)
- $54,751
Balance sheet and other
- Total assets, start of year
- $30,688,606
- Total assets, end of year
- $33,132,305
- Total liabilities, end of year
- $9,418,634
- Net assets, end of year
- $23,713,671
- Land, buildings and equipment
- $263,602
- Publicly traded securities
- $32,697,940
- Net assets without donor restrictions
- $8,208,918
- Net assets with donor restrictions
- $15,504,753
- Gross receipts
- $7,564,518
- Employees
- 5
- Volunteers
- 12
- Year formed
- 1976
- 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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| LACY CHAPMAN | EXEC DIR Officer | 40 | $80,328 | $2,723 |
| RICK BERGMAN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| CINDY COLLIN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| GRACE GROVE | PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| JESSICA KRAUS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| MIKE LEFFLER | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| AARON LONG | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| HEATHER MCQUILLAN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| ROGER PETERSON | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| PATTI SIMPSON | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| LUKE THORELL | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| TED TITUS | VICE PRESIDE Trustee or director, Officer | 1 | $0 | $0 |
| LORI VINZANT | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
990 for the year ended June 30, 2024: 13 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| LACY CHAPMAN | INTERIM EXEC Officer | 40 | $66,779 | $2,147 |
| CINDY COLLIN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| GRACE GROVE | VICE PRESIDE Trustee or director, Officer | 1 | $0 | $0 |
| JESSICA KRAUS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| LIZ MATTSON | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| HEATHER MCQUILLAN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| ROGER PETERSON | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| CRAIG PHILIPS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| CHARLES REESER | PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| PATTI SIMPSON | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| LUKE THORELL | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| TED TITUS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| LORI VINZANT | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
990 for the year ended June 30, 2023: 13 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| KARA FABER | EXEC. DIRECT Officer | 40 | $88,457 | $2,552 |
| CINDY COLLIN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| GRACE GROVE | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| LIZ MATTSON | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| HEATHER MCQUILLAN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| ROGER PETERSON | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| CRAIG PHILIPS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| CHARLES REESER | VICE PRESIDE Trustee or director, Officer | 1 | $0 | $0 |
| PATTI SIMPSON | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| LUKE THORELL | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| TED TITUS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| CARRIE TROMPKE | PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| LACIE WESTCOTT | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 424 GARFIELD ST, HOLDREGE, NE 68949-2219
- Principal officer (990 for 2024)
- GRACE GROVE, 424 GARFIELD STREET, HOLDREGE, NE 68949
- Signed the 990
- LACY CHAPMAN, EXEC DIR
- Phone
- (308) 995-6847
- Website
- WWW.PHELPSFOUNDATION.ORG
- Return prepared by
- AMGL PC
Mission
TO ADMINISTER DONATED FUNDS.
Program accomplishments
- THE PHELPS COUNTY COMMUNITY FOUNDATION, INC. ADMINISTERS DONATED FUNDS FOR APPROXIMATELY 100 DIFFERENT FUNDS.Expenses $2,215,560 · grants $2,215,560 · revenue $98,265
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 51-0189077
- 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
- 1976
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T31)
- Assets (IRS master file)
- $33,132,305
- Income (IRS master file)
- $7,564,518
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $3,198,455 | $2,680,081 | $33,132,305 | IRS |
| 990 | June 2024 | $4,888,274 | $4,970,045 | $30,688,606 | XML |
| 990 | June 2023 | $11,441,466 | $6,630,171 | $29,498,112 | XML |
| 990 | June 2022 | $2,780,428 | $3,103,002 | $21,921,417 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 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 51-0189077).
Questions about PHELPS COUNTY COMMUNITY FOUNDATION INC
- What is the EIN of PHELPS COUNTY COMMUNITY FOUNDATION INC?
- The employer identification number (EIN) of PHELPS COUNTY COMMUNITY FOUNDATION INC is 51-0189077.
- Is PHELPS COUNTY COMMUNITY FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1976.
- Are donations to PHELPS COUNTY COMMUNITY FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does PHELPS COUNTY COMMUNITY 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 PHELPS COUNTY COMMUNITY FOUNDATION INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did PHELPS COUNTY COMMUNITY FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of PHELPS COUNTY COMMUNITY FOUNDATION INC?
- The 990 for the year ended June 30, 2025 names GRACE GROVE.
- Who are the officers and directors of PHELPS COUNTY COMMUNITY FOUNDATION INC?
- The 990 for the year ended June 30, 2025 lists 13 people; 1 received compensation from the organization, the highest $80,328 (LACY CHAPMAN, EXEC DIR).
- How much revenue does PHELPS COUNTY COMMUNITY FOUNDATION INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $3,198,455, expenses of $2,680,081 and total assets of $33,132,305 at year end.
Other nonprofits in HOLDREGE
- SUMMER HONORS PROGRAM ALUMNI ASSOCIATION EIN 91-1774797 · last filed 990-N for 2025
- PHELPS MEMORIAL HEALTH CENTER EIN 47-0481628 · last filed 990 for 2024
- CHRISTIAN HOMES INC EIN 47-0378776 · last filed 990 for 2025
- HOLDREGE MEMORIAL HOMES INC EIN 47-0424939 · last filed 990 for 2025
- YOUNG MENS CHRISTIAN ASSOCIATION OF THE PRAIRIE EIN 47-0807617 · last filed 990 for 2025
- SOUTH CENTRAL ECONOMIC DEVELOPMENT DISTRICT INC EIN 90-0187120 · last filed 990 for 2025
- PHELPS COUNTY DEVELOPMENT CORPORATION EIN 47-0814669 · last filed 990 for 2025
- HOLDREGE COUNTRY CLUB EIN 47-0191706 · last filed 990 for 2025
All nonprofits in HOLDREGE · Nebraska · Philanthropy, voluntarism and grantmaking foundations