2025-05-08T12:13:55-05:00 2024-06-30 450250958 EIDE BAILLY LLP 18081 BURT ST STE 200 OMAHA NE 680224722 990 2023-07-01 470655319 BROWNELL-TALBOT FOUNDATION BROW 4025563772 400 N HAPPY HOLLOW BLVD OMAHA NE 681322106 JOHN KOTOUC TREASURER 4025563772 2025-05-08 1 1 WENDY R COOLEY CPA P01523804 4023302660 2025-04-18 2023 2025-03-06 01:10:19Z W DAVID SCOTT 400 N HAPPY HOLLOW BLVD OMAHA NE 681322106 4478686 0 X N/A X 1982 NE TO PROVIDE FINANCIAL SUPPORT TO BROWNELL-TALBOT SCHOOL. 7 7 0 10 0 0 12007248 4381969 0 0 247 96717 0 0 12007495 4478686 0 0 0 0 0 293570 0 0 293734 40 190084 40 483654 12007455 3995032 12091917 16968289 0 885110 12091917 16083179 TO PROVIDE FINANCIAL SUPPORT TO BROWNELL-TALBOT SCHOOL, SUBJECT TO AND IN FURTHERANCE OF THE STRATEGIC PLAN DETERMINED BY THE BOARD OF TRUSTEES OF THE SCHOOL. 0 0 THE BROWNELL-TALBOT FOUNDATION'S PRIMARY PURPOSE IS TO RAISE FUNDS FOR THE CAPITAL CAMPAIGN AND PAY OUT THE RELATED COSTS FOR THE CONSTRUCTION. 1 1 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 X 2 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 7 7 0 0 0 0 1 1 1 1 0 0 0 0 1 1 1 1 1 1 0 0 X SHRUTI BECKMANN 4025563772 400 N HAPPY HOLLOW BLVD OMAHA NE 681322106 W DAVID SCOTT CHAIR 1.00 0.00 X X 0 0 0 DEAN HOLLIS VICE-CHAIR 1.00 0.00 X X 0 0 0 MEGAN BELCHER SECRETARY 1.00 1.00 X X 0 0 0 JOHN KOTOUC TREASURER 1.00 0.00 X X 0 0 0 LAURA CROSBY MEMBER 0.25 1.00 X 0 0 0 DINY LANDEN MEMBER 0.25 0.00 X 0 0 0 JERRY REIMER MEMBER 0.25 1.00 X 0 0 0 DR KRISTI GIBBS HEAD OF SCHOOL 0.00 40.00 X 0 270582 42485 SHARI JENSEN EXECUTIVE DIRECTOR 0.00 40.00 X 0 133997 22663 0 404579 65148 0 0 1 0 0 4381969 4381969 96717 96717 4478686 0 0 96717 293570 293570 131 131 3600 3600 186353 186189 164 483654 0 189920 293734 1075 33732 3381897 11972648 11773202 84462 1813190 12091917 16968289 492723 0 392387 0 885110 X -13522 12091917 16096701 12091917 16083179 12091917 16968289 3995032 -3770 0 X X 0 1 X 1 0 X 33500 4381969 4415469 33500 4381969 4415469 2619314 1796155 247 96717 96964 4512433 0.39800 0.99270 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 11877851 24437 2344577 434296 13812569 9918194 642590 1708889 391822 11877851 0.23802 0.39834 0.36364 0 1 1 0 CASH SURRENDER VALUE OF LIFE INSURANCE 80692 CONSTRUCTION IN PROGRESS 1732498 1813190 DUE TO BROWNELL-TALBOT SCHOOL 392387 392387 X PART V, LINE 4: THE BROWNELL-TALBOT SCHOOL HOLDS ENDOWMENT FUNDS FOR THE SUPPORT OF ITS PROGRAMS AND OPERATIONS. PART X, LINE 2: MANAGEMENT BELIEVES THAT THE BROWNELL-TALBOT FOUNDATION HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN AFFECTING ANNUAL FILING REQUIREMENTS, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. THE BROWNELL-TALBOT FOUNDATION WILL RECOGNIZE FUTURE ACCRUED INTEREST AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS AND LIABILITIES IN INCOME TAX EXPENSE IF SUCH INTEREST AND PENALTIES ARE INCURRED. 0 0 0 0 0 0 0 0 0 DR KRISTI GIBBS HEAD OF SCHOOL 0 238865 0 15247 0 16470 0 11943 0 30542 0 313067 0 0 SHARI JENSEN EXECUTIVE DIRECTOR 0 130637 0 0 0 3360 0 7300 0 15363 0 156660 0 0 PART I, LINE 3 BROWNELL-TALBOT SCHOOL, A RELATED ORGANIZATION, USES A WRITTEN EMPLOYMENT CONTRACT AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE TO ESTABLISH COMPENSATION OF THE HEAD OF SCHOOL. PART I, LINE 7 THE HEAD OF SCHOOL OF BROWNELL-TALBOT, A RELATED ORGANIZATION, CAN EARN AN ANNUAL BONUS BASED ON SURPASSING BROWNELL-TALBOT'S SHORT-TERM EDUCATIONAL, OPERATIONAL, AND FINANCIAL OBJECTIVES. FORM 990, PART V, LINE 2A AND 2B: SALARIES LISTED ON FORM 990, PART IX, LINE 7 ARE PAID BY A RELATED PARTY. THE FOUNDATION REIMBURSES THE RELATED PARTY FOR THE WORK THESE EMPLOYEES DO FOR THE ORGANIZATION. ALL W-2S ARE FILED BY THE RELATED PARTY. FORM 990, PART VI, SECTION A, LINE 6 THE SOLE MEMBER OF THE ORGANIZATION SHALL BE BROWNELL-TALBOT SCHOOL. FORM 990, PART VI, SECTION A, LINE 7A THREE TRUSTEES OF THE BROWNELL-TALBOT FOUNDATION BOARD SHALL BE CURRENT MEMBERS OF THE BROWNELL-TALBOT SCHOOL BOARD, THE SOLE MEMBER: 1) THE CURRENT TREASURER OF THE SCHOOL BOARD (SERVING "EX-OFFICIO", BY VIRTUE OF THEIR POSITION ON THE SCHOOL BOARD; 2) ANOTHER MEMBER OF THE EXECUTIVE COMMITTEE OF THE SCHOOL BOARD, AS APPOINTED BY THE SOLE MEMBER, AND; 3) A NON-EXECUTIVE COMMITTEE MEMBER OF THE SCHOOL BOARD, AS APPOINTED BY THE SOLE MEMBER. BROWNELL-TALBOT SCHOOL WILL ALSO ELECT THREE (3) OTHER TRUSTEES WHO ARE NOT CURRENTLY MEMBERS OF THE SCHOOL BOARD, TO THE FOUNDATION BOARD. FORM 990, PART VI, SECTION A, LINE 7B THE FOLLOWING ACTIVITIES ARE SUBJECT TO AND REQUIRE THE APPROVAL AND CONSENT OF THE MEMBER: 1) DETERMINATION OF THE NUMBER OF TRUSTEES OF THE CORPORATION; 2) REMOVAL OF ANY TRUSTEES APPOINTED BY THE MEMBER; 3) APPROVAL OF ANY LONG-TERM OPERATION BUDGET; 4) EXPENDITURES AND INCURRENCE OF DEBT BY THE CORPORATION OR OF ANY SUBSIDIARY OR AFFILIATE OF THE CORPORATION MORE THAN $25,000 IN EXCESS OF APPROVED BUDGETED AMOUNTS; 5) ENTERING INTO ANY TRANSACTION OR TRANSACTIONS PROVIDING FOR THE TRANSFER, SALE OR DISPOSITION OF CAPITAL ASSETS IN ANY CORPORATION FISCAL YEAR A) IN EXCESS OF $500,000 IN ANY SINGLE TRANSACTION OR A TOTAL OF $1,000,000, OR B) IN CONTRAVENTION OF ADOPTED INVESTMENT POLICIES; 6) INCORPORATION OR ESTABLISHMENT OF OTHER NEW AFFILIATES OR SUBSIDIARIES, AND APPROVAL OF THE ARTICLES OF INCORPORATION AND BYLAWS OF ANY SUCH AFFILIATE OR SUBSIDIARY; 7) ADOPTION OF, OR ANY ALTERATION, AMENDMENT OR REPEAL TO: A) THE ARTICLES OF INCORPORATION AND BYLAWS OF THE CORPORATION, AND B) ANY ARTICLES OF INCORPORATION OF AN AFFILIATE OR SUBSIDIARY; 8) MERGER OR CONSOLIDATION OF THE CORPORATION OR ANY AFFILIATE OR SUBSIDIARY INTO OR WITH ANY OTHER CORPORATION, OR ASSOCIATION, OR APPROVE ANY PLAN OF EXCHANGE OR CORPORATE REORGANIZATION OF THE CORPORATION OR ANY AFFILIATE OR SUBSIDIARY; 9) ACQUISITION, SALE, LEASE, ENCUMBRANCE, TRANSFER OR OTHER ALIENATION OF ALL OR SUBSTANTIALLY ALL OF THE ASSETS OF THE CORPORATION OR ANY AFFILIATE OR SUBSIDIARY; 10) ADMISSION OF ANY NEW MEMBERS OF THE CORPORATION; 11) ANY ACTIONS WHICH MAY BE INCONSISTENT WITH THE MISSION AND STRATEGIC PLAN OF THE SCHOOL, AS DETERMINED BY THE SCHOOL BOARD. FORM 990, PART VI, SECTION A, LINE 8B THERE ARE NO COMMITTEES THAT HAVE AUTHORITY TO ACT ON BEHALF OF THE BOARD. FORM 990, PART VI, SECTION B, LINE 11B THE SIGNING OFFICER AND THE EXECUTIVE DIRECTOR OF BUSINESS AND FINANCE FOR BROWNELL-TALBOT SCHOOL BOTH REVIEW AND APPROVE THE FORM 990 AND THEN THE BOARD OF DIRECTORS ARE PROVIDED AN ELECTRONIC VERSION OF THE PUBLIC DISCLOSURE COPY OF THE FORM 990 FOR APPROVAL PRIOR TO FILING THE RETURN WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C EACH TRUSTEE, KEY EMPLOYEE, AND MEMBER OF A COMMITTEE SHALL ANNUALLY SIGN THE POLICY STATEMENT WHICH AFFIRMS SUCH PERSON: 1) HAS RECEIVED A COPY OF THE CONFLICT OF INTEREST POLICY, 2) HAS READ AND UNDERSTANDS THE POLICY, 3) HAS AGREED TO COMPLY WITH THE POLICY, AND, 4) UNDERSTANDS THE ORGANIZATION IS CHARITABLE AND IN ORDER TO MAINTAIN ITS FEDERAL TAX EXEMPTION, IT MUST ENGAGE PRIMARILY IN ACTIVITIES WHICH ACCOMPLISH ONE OR MORE OF ITS TAX-EXEMPTION. AFTER DISCLOSURE OF ANY FINANCIAL INTERESTS AND ALL MATERIAL FACTS AND AFTER ANY DISCUSSION WITH THE INTERESTED PERSON, THE INDIVIDUAL SHALL LEAVE THE GOVERNING COMMITTEE MEETING WHILE THE DETERMINATION OF A CONFLICT OF INTEREST IS DISCUSSED AND VOTED UPON. THE REMAINING COMMITTEE MEMBERS SHALL DECIDE IF A CONFLICT OF INTEREST EXISTS. FORM 990, PART VI, SECTION B, LINE 15A BROWNELL-TALBOT SCHOOL, A RELATED ORGANIZATION, HAS A WRITTEN EMPLOYMENT CONTRACT WITH THE HEAD OF SCHOOL AND THE COMPENSATION STRUCTURE GETS APPROVED BY THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2C: BROWNELL-TALBOT SCHOOL, A RELATED ORGANIZATION, MAINTAINS A FINANCE COMMITTEE WHO IS IN CHARGE OF OVERSEEING THE FINANCIAL ASPECTS OF THE SCHOOL, INCLUDING OVERSIGHT OF THE AUDIT AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. BROWNELL-TALBOT SCHOOL 400 N HAPPY HOLLOW BLVD OMAHA NE 68132 470376595 EDUCATION NE 501(C)(3) LINE 2 N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0