CHILDREN'S SCHOLARSHIP FUND OF OMAHA

EIN: 470822724 501(c)(3) Education

OMAHA, NE

Total Revenue
$3,928,493
Total Expenses
$2,812,834
Total Assets
$3,255,040
Net Assets
$3,133,081
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1999
Legal Domicile
NE
Principal Officer
JOEL LONG
Phone
4028194990
Tax Period
2024-07-01 to 2025-06-30

CHILDREN'S SCHOLARSHIP FUND OF OMAHA, founded in 1999, is a community nonprofit in the Education sector that reported $3.9M in total revenue in fiscal year 2024. Revenue surged 23% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.1M, a strong 28% operating margin.

Mission

THE MISSION OF THE CHILDREN'S SCHOLARSHIP FUND OF OMAHA IS TO OPEN THE DOORS OF EDUCATIONAL OPPORTUNITY FOR QUALIFYING FAMILIES SO THEIR CHILDREN MAY ATTEND THE PRIVATE OR PAROCHIAL ELEMENTARY SCHOOL OF THEIR CHOICE.

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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 $3,840,097
Program Service Revenue $0
Investment Income $100,362
Other Revenue $-11,966
TOTAL REVENUE $3,928,493

Expense Breakdown

Grants Paid $2,150,456
Salaries & Benefits $523,073
Fundraising Expenses $295,871
Program Expenses $2,333,427
Other Expenses $139,305
TOTAL EXPENSES $2,812,834

Year-over-Year Comparison

2024 2023 Change
Revenue $3,928,493 $3,183,030 +0.2%
Expenses $2,812,834 $3,058,138 -0.1%
Net Income $1,115,659 $124,892 +7.9%
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

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Liquidity & Cash Position

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Governance

Voting Members
11
Independent Members
11
Employees
4
Volunteers
20

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
3
$200,812
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ROBERT A REED JR CHAIR/PRES./SEC. 0.25
Officer Director
$0 $0 $0
STEVE KENNEY TREASURER 1.00
Officer Director
$0 $0 $0
DR KENNETH BIRD DIRECTOR 0.25
Director
$0 $0 $0
CRAIG MCGARRY DIRECOR 0.25
Director
$0 $0 $0
SHAUN MCGAUGHEY DIRECTOR 0.25
Director
$0 $0 $0
DONALD NEAL DIRECTOR 0.25
Director
$0 $0 $0
ERIC OXLEY DIRECTOR 0.25
Director
$0 $0 $0
PETER SCHROPP DIRECTOR 0.25
Director
$0 $0 $0
JESSIE SULLIVAN DIRECTOR 0.25
Director
$0 $0 $0
KAREN VAN DYKE DIRECTOR 0.25
Director
$0 $0 $0
WENDY WISEMAN DIRECTOR 0.25
Director
$0 $0 $0
JOEL LONG EXECUTIVE DIRECTOR 40.00
Officer
$145,077 $55,735 $200,812
ANETTE GILNER DIRECTOR OF DONOR RELATIONS AND COMM 40.00
Highest
$107,308 $35,242 $142,550
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
2025 $3,928,493 $2,812,834 $3,255,040 $1,115,659
2024 No data No data No data No data
2023 $1,832,640 $2,951,325 $1,688,004 $-1,118,685
2022 $2,721,989 $2,718,141 $2,728,563 $3,848
2021 $2,351,847 $2,665,009 $2,892,431 $-313,162
2020 $4,048,989 $3,099,070 $3,297,873 $949,919
2019 $2,595,174 $3,061,695 $2,019,836 $-466,521
2018 $1,481,881 $2,965,766 $2,983,547 $-1,483,885
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