Central Community College Foundation Inc

Nonprofit profile at a glance

EIN
470728813
IRS 990 coverage
2010–2024
Forms available
Form 990 2024
Location
Hastings, NE, USA
Phone
4024602152
Rating
84
Verdict
STRONG
Rating confidence
Moderate
Sector
Community or Junior Colleges

Official website

Reported finances

Revenue
$9,518,927
Expenses
$7,263,497
Assets
$25,744,589
Liabilities
$870,951

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

15 people listed

Executive titles in this filing

  • JAY TROFHOLZ (PRESIDENT)
  • BETH BOESCH (VICE PRESIDENT)
  • TRACI SKALBERG (EXECUTIVE DIRECTOR)

Highest reported compensation

  • TRACI SKALBERG (EXECUTIVE DIRECTOR): $120,801 total reported compensation
  • SHARON LISKE (TREASURER/FINANCIAL CONTRO): $61,190 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The foundation's mission is to advance opportunities for quality educational services in Nebraska-based institutions.

What it reported doing in 2024

Program and activity support - $5,019,917 was transferred to central community college for grants. $75,500 was transferred to various other Nebraska community colleges for program support during the fiscal year ended june 30, 2025. In addition, $25,172 of donated equipment and supplies were transferred to central community college to assist in various program activities.

Operating model

Revenue model
Donor-supported. 82% of the money available for current operations came from contributions and gifts.
Distribution model
Grant intermediary. The nonprofit sent 99% of its reported program spending out as grants.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 74
  • Transparency & Controls: 90
  • Accountability: 95
  • Sustainability: 69
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 72.2%; rating input score 72
  • Program expense ratio: 83.8%; rating input score 84
  • Fundraising efficiency: $18.7 raised per $1 spent on fundraising; rating input score 57; 57th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 94.4%; rating input score 94; 24th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 8 of 9 controls in place; rating input score 89
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Fail
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 23.7%; rating input score 80; 80th percentile among comparable filings
  • Total-asset coverage ratio: 3.54; rating input score 77; 77th percentile among comparable filings
  • Liabilities to assets ratio: 0.03; rating input score 75; 75th percentile among comparable filings
  • Officer compensation ratio: Limited

Growth

  • Program expense growth: 10.2% per year; rating input score 100; 65th percentile among comparable filings
  • Revenue growth: 7.9% per year; rating input score 100; 59th percentile among comparable filings
  • Asset growth: 9.5% per year; rating input score 100; 56th percentile among comparable filings

Details

  • Where the money goes: 72.2% of revenue deployed · 83.8% of spending went to programs
  • Governance: 13 of 13 board members independent · 8 of 9 filing controls reported
  • Programs: 3 filed program accomplishments · $6.1M in reported program spending
  • Leadership: top reported pay $121K · 15 people listed
  • Consistency: 27 of 28 current checks pass · 1 finding to review
  • Schedules: 9 filed schedules · includes major donors and grants
  • Filing history: 14 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • Related organizations: 3 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Review — Financial Efficiency: Fundraising efficiency scored 57/100.
  • Review — Accountability: Governance controls: Audit committee oversight not reported.
  • Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.