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)

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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 VUNERABLE CHILDREN AND FAMILIES THROUGH SCHOLARSHIPS, VOLUNTEERISM AND MENTORING RESOURCES.

Program Service Accomplishments

Program 1
Expenses: $2,349,524 Revenue: $0

ACADEMIC EXCELLENCE AND COLLEGE FOR SUCCESS PROGRAM - BRIDGE TO IMPORVE STUDENT SCUCESS PROGRAM WORKS TO PROVIDE A SEAMLESS PATH FROM HIGH SCHOOL TO POST-SECONDARY EDUCATION. ACTIVITIES INCLUDE...

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ACADEMIC EXCELLENCE AND COLLEGE FOR SUCCESS PROGRAM - BRIDGE TO IMPORVE STUDENT SCUCESS PROGRAM WORKS TO PROVIDE A SEAMLESS PATH FROM HIGH SCHOOL TO POST-SECONDARY EDUCATION. ACTIVITIES INCLUDE ANNUAL ENRICHMENT DAYS, CAMPS, TUTORING AND PROGRAMMING THAT PROVIDES ACADEMIC, DEVELOPMENTAL, AND REFLECTIVE ACTIVITIES FOR PARTICIPATING STUDENTS. TSF PROVIDES ADDITIONAL LAPTOPS, IPADS, DESKTOPS, PPE, TECHNOLOGY SUPPORT (DSL/INTERNET SERVICE) AND OFFICE/SCHOOL SUPPLIES TO HANDLE THE INCREASE OF PROGRAM PARTICIPANTS DURING OUT OF SCHOOL TIME.

Program 2
Expenses: $1,207,422 Revenue: $0

FAMILY ADVOCACY AND RESOURCE - OUR FAMILY ADVOCACY AND RESOURCE PROGRAM OFFERS ESL CLASSES FOR YOUTH'S FAMILY MEMBERS WHO WANT TO IMPROVE THEIR SKILLS IN SPEAKING, READING AND WRITING ENGLISH. WE...

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FAMILY ADVOCACY AND RESOURCE - OUR FAMILY ADVOCACY AND RESOURCE PROGRAM OFFERS ESL CLASSES FOR YOUTH'S FAMILY MEMBERS WHO WANT TO IMPROVE THEIR SKILLS IN SPEAKING, READING AND WRITING ENGLISH. WE ALSO OFFER WORKFORCE TRAINING OPPORTUNITIES THAT HELP OUR COMMUNITY'S IMMIGRANTS AND REFUGEES BETTER UNDERSTAND SOME OF THE CULTURAL DIFFERENCES THEY MIGHT ENCOUNTER IN A U.S. WORK ENVIRONMENT. WE HELP INTRODUCE INDIVIDUALS WHO ARE READY TO WORK TO THE LOCAL BUSINESS COMMUNITY SO THAT THEY CAN BECOME ACTIVE, RESPONSIBLE CONTRIBUTORS TO THEIR FAMILIES AND TO OUR ECONOMY. THIS PROGRAM ALSO INCLUDES DISTRIBUTION OF FOOD AND CLOTHING TO OMAHA AREA FAMILIES WHO NEED IT MOST.

Program 3
Expenses: $17,541 Revenue: $0

YOUTH ACADEMY - DURING YOUTH ACADEMY WE IMPLEMENT SOCCER FOR SUCCESS, AND EVIDENCE-BASED GROUP MENTORING PROGRAM DESIGNED TO FOSTER CHARACTER DEVELOPMENT. TRAINED COACH-MENTORS ENGAGE PARTICIPANTS BY...

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YOUTH ACADEMY - DURING YOUTH ACADEMY WE IMPLEMENT SOCCER FOR SUCCESS, AND EVIDENCE-BASED GROUP MENTORING PROGRAM DESIGNED TO FOSTER CHARACTER DEVELOPMENT. TRAINED COACH-MENTORS ENGAGE PARTICIPANTS BY CREATIVELY TEACHING NUTRITION EDUCAITON AND CRITICAL LIFE SKILLS THROUGH SOCCER INSTRUCTION. OUR NONTRADITIONAL, CULTURALLY RESPECTFUL PROGRAM RESULTS IN PARTICIPANTS' IMPROVED ACADEMIC ACHIEVEMENT, SELF-ESTEEM, SOCIAL COMPETENCE AND AVOIDANCE OF HIGH-RISK/PROBLEM BEHAVIOURS.

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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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Liquidity & Cash Position

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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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