SIMPLE FOUNDATION

EIN: 465272775 501(c)(3) Education

OMAHA, NE

Total Revenue
$4,054,570
Total Expenses
$4,418,277
Total Assets
$10,812,028
Net Assets
$8,543,721
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2014
Legal Domicile
NE
Principal Officer
OSUMAN ISSAKA
Phone
4026892814
Tax Period
2023-01-01 to 2023-12-31

SIMPLE FOUNDATION, founded in 2014, is a community nonprofit in the Education sector that reported $4.1M in total revenue in fiscal year 2023. Revenue surged 96% from the prior year, signaling strong growth momentum. Net assets of $8.5M represent 25 months of operating reserves.

Mission

THE SIMPLE FOUNDATION SUPPORTS THE MULTI-FACETED NEEDS OF VULNERABLE CHILDREN AND FAMILIES THROUGH SCOLARSHIPS, VOLUNTEERISM, AND MENTORING RESOURCES.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $3,902,901
Program Service Revenue $0
Investment Income $150,674
Other Revenue $995
TOTAL REVENUE $4,054,570

Expense Breakdown

Grants Paid $420,834
Salaries & Benefits $1,055,759
Fundraising Expenses $92,532
Program Expenses $3,821,478
Other Expenses $2,941,684
TOTAL EXPENSES $4,418,277

Year-over-Year Comparison

2023 2022 Change
Revenue $4,054,570 $2,069,213 +1.0%
Expenses $4,418,277 $1,512,937 +1.9%
Net Income $-363,707 $556,276 -1.7%
Key Indicators
✓ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
12
Independent Members
9
Employees
88
Volunteers
13

Governance Policies

✓ Conflict of Interest Policy
✗ Whistleblower Policy
✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
⚠ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$146,262
Total Directors
12
$146,262
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
OSUMAN ISSAKA CHAIR/EXECUTIVE DIRECTOR 45
Officer Director
$135,183 $11,079 $146,262
FRANCK BILE TREASURER 3
Officer Director
$0 $0 $0
KENYA LOVE SECRETARY 3
Officer Director
$0 $0 $0
BILLY WALKER BOARD MEMBER 3
Officer Director
$0 $0 $0
KATRINA ADAMS BOARD MEMBER 3
Director
$0 $0 $0
ANITA ISSAKA BOARD MEMBER 3
Director
$0 $0 $0
MIKE FINDLEY BOARD MEMBER 3
Director
$0 $0 $0
HOLLY BOYER BOARD MEMBER 3
Director
$0 $0 $0
SALUHU ISSAKA BOARD MEMBER 3
Director
$0 $0 $0
KEVIN THOMPSON ADVISORY MEMBER 3
Director
$0 $0 $0
ARAF EVANS ADIVSORY MEMBER 3
Director
$0 $0 $0
JOHN LEVY ADIVSORY MEMBER 3
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $4,054,570 $4,418,277 $10,812,028 $-363,707
2022 $2,069,213 $1,512,937 $9,038,035 $556,276
2021 $6,318,089 $1,812,546 $6,168,961 $4,505,543
2020 $2,124,908 $1,098,347 $1,671,092 $1,026,561
2019 $776,809 $632,656 $570,908 $144,153
2018 $514,612 $428,044 $428,467 $86,568
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