2025-04-25T10:46:42-05:00 2024-06-30 420714325 RSM US LLP 201 FIRST ST SE STE 800 CEDAR RAPIDS IA 524011425 990 2023-07-01 470822724 CHILDREN'S SCHOLARSHIP FUND OF OMAHA CHIL 4028194990 7837 CHICAGO PLAZA OMAHA NE 68114 JOEL LONG EXECUTIVE DIRECTOR 4028194990 2025-04-24 1 0 SHAWNA HULS P01315330 3192985333 2025-04-24 2023 2025-03-06 01:10:19Z JOEL LONG 7837 CHICAGO PLAZA OMAHA NE 68114 3779671 0 X WWW.CSFOMAHA.ORG X 1999 NE 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. 11 11 4 20 0 0 1818393 3180235 0 0 26167 23621 -11920 -20826 1832640 3183030 2410624 2453045 0 0 432648 486521 0 0 229994 108053 118572 2951325 3058138 -1118685 124892 1688004 2077680 10496 133411 1677508 1944269 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. 0 0 2723661 2453045 SCHOLARSHIPS FOR 1,640 STUDENTS 2723661 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 4 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 11 11 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 X X JOEL LONG 4028194990 7837 CHICAGO PLAZA OMAHA NE 68114 SHAUN MCGAUGHEY CHAIR, PRES., SEC. 0.25 X X 0 0 0 STEVE KENNEY TREASURER 1.00 X X 0 0 0 DR KENNETH BIRD DIRECTOR 0.25 X 0 0 0 DAVID COTA DIRECTOR 0.25 X 0 0 0 CRAIG MCGARRY DIRECOR 0.25 X 0 0 0 DONALD NEAL DIRECTOR 0.25 X 0 0 0 ERIC OXLEY DIRECTOR 0.25 X 0 0 0 ROBERT A REED JR DIRECTOR 0.25 X 0 0 0 PETER SCHROPP DIRECTOR 0.25 X 0 0 0 KAREN VAN DYKE DIRECTOR 0.25 X 0 0 0 WENDY WISEMAN DIRECTOR 0.25 X 0 0 0 DR JIM SUTFIN DIRECTOR (UNTIL 12/23) 0.25 X 0 0 0 LEQUISHA TURNER DIRECTOR (UNTIL 08/23) 0.25 X 0 0 0 JOEL LONG EXECUTIVE DIRECTOR 40.00 X 144654 0 50782 ANETTE GILNER DIRECTOR OF DONOR RELATIONS AND COMMUNICATIONS 40.00 X 104808 0 30787 249462 0 81569 2 0 1 0 0 545275 2634960 3180235 54318 54318 528018 558715 -30697 -30697 -30697 17100 545275 37926 -20826 -20826 3183030 0 0 2795 2453045 2453045 189895 82984 24307 82604 223138 97511 28562 97065 6694 2925 857 2912 36543 15970 4677 15896 30251 13220 3872 13159 1134 1134 13000 13000 1760 1760 11952 11952 1459 1167 292 14489 11591 2898 9830 9830 35205 28164 7041 3164 3164 692 692 1474 1179 295 3830 3830 PROGRAM EXPENSE 15314 12252 3062 DONOR CULTIVATION 3939 3151 788 MISCELLANEOUS EXPENSE 702 702 BANK AND MERCHANT FEES 628 502 126 3058138 2723661 104483 229994 626099 827943 105700 10000 1550 3705 20870 14437 7907 6433 946748 1102113 0 127486 1688004 2077680 10496 4106 0 129305 10496 133411 X 1571808 1934269 105700 10000 1677508 1944269 1688004 2077680 124892 141869 0 X X 1 X 0 1 0 X 4032648 2361790 2717450 1818393 3180235 14110516 4032648 2361790 2717450 1818393 3180235 14110516 4208689 9901827 17260 18349 26488 23359 54318 139774 14250290 0.69490 0.65260 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 20870 14437 6433 6433 RIGHT-OF-USE ASSET - OPERATING LEASE 127486 127486 LEASE LIABILITY 129305 129305 X PART X, LINE 2: THE FUND IS ORGANIZED AS A NEBRASKA NONPROFIT CORPORATION AND HAS BEEN RECOGNIZED BY THE IRS AS EXEMPT FROM FEDERAL INCOME TAXES UNDER INTERNAL REVENUE CODE (IRC) SECTION 501(A) AS AN ORGANIZATION DESCRIBED IN IRC SECTION 501(C)(3), QUALIFY FOR THE CHARITABLE CONTRIBUTION DEDUCTION UNDER IRC SECTIONS 170(B)(1)(A)(VI) AND (VIII). THE FUND IS ANNUALLY REQUIRED TO FILE A RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX (FORM 990) WITH THE IRS. IN ADDITION, THE FUND IS SUBJECT TO INCOME TAX ON NET INCOME THAT IS DERIVED FROM BUSINESS ACTIVITIES THAT ARE UNRELATED TO ITS EXEMPT PURPOSES. UNCERTAIN TAX POSITIONS, IF ANY, ARE RECORDED IN ACCORDANCE WITH ASC TOPIC 740, INCOME TAXES. ASC 740 REQUIRES THE RECOGNITION OF A LIABILITY FOR TAX POSITIONS TAKEN THAT DO NOT MEET THE MORE-THAN-LIKELY-THAN-NOT STANDARD THAT THE POSITION WILL BE SUSTAINED UPON EXAMINATION BY THE TAXING AUTHORITIES. FOR THE YEARS ENDED JUNE 30, 2024 AND 2023, MANAGEMENT HAS DETERMINED THAT THERE WERE NO UNCERTAIN TAX POSITIONS. C.H.A.N.C.E. LUNCHEON 562375 545275 17100 27191 10735 562375 545275 17100 27191 10735 37926 -20826 1 SCHOLARSHIPS 1640 2453045 0 N/A N/A PART I, LINE 2: APPLICATIONS ARE SUBMITTED AND IF THE APPLICANT IS CHOSEN FOR A SCHOLARSHIP, THE SCHOLARSHIP IS PAID DIRECTLY TO THE SCHOOL CHOSEN BY THE STUDENT. X 0 0 0 0 0 0 0 0 0 JOEL LONG EXECUTIVE DIRECTOR 144654 0 0 0 0 0 4340 0 46442 0 195436 0 0 0 FORM 990, PART VI, SECTION A, LINE 2 SHAUN MCCAUGHEY AND ERIC OXLEY ARE SHAREHOLDERS OF KOLEY JESSEN LAW FIRM AND BOARD MEMBERS. KOLEY JESSEN IS PAID FOR LEGAL SERVICES. FORM 990, PART VI, SECTION B, LINE 11B THE FINANCE COMMITTEE REVIEWS THE FORM 990, AND PROVIDES THE RECOMMENDATION TO THE BOARD. ALL BOARD MEMBERS ARE PROVIDED A COPY OF THE 990. BOARD REVIEWS RECOMMENDATIONS AND DISCUSSES AT A BOARD MEETING BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C BOARD HAS AN ANNUAL DISCLOSURE. THE EXECUTIVE DIRECTOR MONITORS SUCH. FORM 990, PART VI, SECTION C, LINE 18 THROUGH SERVICES SUCH AS GUIDESTAR AND PROPUBLICA. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS ARE AVAILABLE UPON REQUEST AND ARE INCLUDED IN THE PROPOSALS FOR FUNDING. FORM 990, PAGE 1, PART 1, LINE 6 VOLUNTEERS ASSIST WITH CHANCE LUNCHEON, NEW FAMILY NIGHT, AND MANPOWER NEEDS FOR PHONE CALLS AND LETTER PROCESSING.