Peru State College Foundation

EIN: 470495359 501(c)(3) Education

PERU, NE

Total Revenue
$1,413,644
Total Expenses
$3,833,967
Total Assets
$21,812,388
Net Assets
$21,689,031
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1955
Legal Domicile
NE
Phone
4028722342
Tax Period
2024-01-01 to 2024-12-31

Peru State College Foundation, founded in 1955, is a community nonprofit in the Education sector that reported $1.4M in total revenue in fiscal year 2024. Revenue fell 53% from the prior year — a significant decline worth monitoring. Expenses of $3.8M exceeded revenue, resulting in a 171% operating deficit.

Mission

THE MISSION OF THE PERU STATE COLLEGE FOUNDATION IS TO PROVIDE ASSISTANCE AND SUPPORT FOR PERU STATE COLLEGE, A FOUR-YEAR LIBERAL ARTS INSTITUTION.

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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 (2024)

Revenue Breakdown

Contributions & Grants $899,160
Program Service Revenue $0
Investment Income $463,339
Other Revenue $51,145
TOTAL REVENUE $1,413,644

Expense Breakdown

Grants Paid $3,202,055
Salaries & Benefits $315,071
Fundraising Expenses $239,932
Program Expenses $3,202,055
Other Expenses $316,841
TOTAL EXPENSES $3,833,967

Year-over-Year Comparison

2024 2023 Change
Revenue $1,413,644 $3,037,751 -0.5%
Expenses $3,833,967 $1,379,712 +1.8%
Net Income $-2,420,323 $1,658,039 -2.5%
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

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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
12
Independent Members
12
Employees
N/A
Volunteers
12

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
8
$59,453
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
AL URWIN SECRETARY 1.0
Officer Director
$0 $0 $0
CINDY HOFFMAN CO-TREASURER 1.0
Officer Director
$0 $0 $0
ELTON EDMOND VICE CHAIR 1.0
Officer Director
$0 $0 $0
JEFF GREENWALD CHAIR 1.0
Officer Director
$0 $0 $0
JEFF SMITH CO-TREASURER 1.0
Officer Director
$0 $0 $0
ROBIN SMITH CO-TREASURER 1.0
Officer Director
$0 $0 $0
TIM HOFFMAN CO-TREASURER 1.0
Officer Director
$0 $0 $0
Alec Gorynski Director 1.0
Director
$0 $0 $0
CONNIE EDMOND DIRECTOR 1.0
Director
$0 $0 $0
Dr Daniel DeFreece Director 1.0
Director
$0 $0 $0
FRITZ STEHLIK DIRECTOR 1.0
Director
$0 $0 $0
IVAN WINEGLASS DIRECTOR 1.0
Director
$0 $0 $0
JULIE BAUMAN DIRECTOR 1.0
Director
$0 $0 $0
LORI SEIBEL DIRECTOR 1.0
Director
$0 $0 $0
MIKE GERDES DIRECTOR 1.0
Director
$0 $0 $0
TED L HARSHBARGER EXECUTIVE DIRECTOR 24.0
Officer
$0 $321 $59,453
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 $1,413,644 $3,833,967 $21,812,388 $-2,420,323
2023 $3,037,751 $1,379,712 $22,284,093 $1,658,039
2022 $1,356,756 $1,307,148 $18,421,691 $49,608
2021 $2,387,281 $966,416 $22,198,844 $1,420,865
2020 $1,587,551 $805,753 $20,047,365 $781,798
2019 $3,269,281 $1,248,941 $17,839,380 $2,020,340
2018 $1,839,836 $1,358,098 $13,844,612 $481,738
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