Chadron State Foundation
Nonprofit profile at a glance
- EIN
- 237352673
- IRS 990 coverage
- 2009–2024
- Forms available
- Form 990 2024
- Location
- Chadron, NE, USA
- Phone
- 3084326361
- Rating
- 79
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
Reported finances
- Revenue
- $4,186,327
- Expenses
- $1,901,655
- Assets
- $39,109,031
- Liabilities
- $1,108,016
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
20 people listed
Executive titles in this filing
- SCOTT KRUGER (CEO (BEG. MAR 2025))
- BEN WATSON (CEO (TERMED OCT 2024))
Highest reported compensation
- BEN WATSON (CEO (TERMED OCT 2024)): $138,992 total reported compensation
- CRICKET HAAG (CONTROLLER): $126,350 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 chadron state foundation is dedicated to enhancing chadron state college's ability to meet its primary educational mission in western Nebraska. The foundation supports scholarship programs for the college and undertakes fundraising activity which provide resources vital to the mission of chadron state college in the areas of instruction, research, and service. The foundation recognizes the generosity of donors who, acting individually or as members of a group, provide chadron state an all important margin of excellence as it continues to meet the educational, economic, and cultural needs of western Nebraska both today and well into the future.
What it reported doing in 2024
The foundation provides support to chadron state college through scholarships and awards to the students of the college and provides institutional support of management and special projects related to the college.
Operating model
- Revenue model
- Donor-supported. 66% of the money available for current operations came from contributions and gifts.
- Distribution model
- Grant intermediary. The nonprofit sent 84% of its reported program spending out as grants.
The verdict
SUPPORTED - The filed numbers largely add up and a large share of total spending goes to programs. A relatively small share of available resources goes toward mission work and fundraising costs are high for each dollar raised.
Rating breakdown
- Financial Efficiency: 60
- Transparency & Controls: 94
- Accountability: 95
- Sustainability: 88
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 55.6%; rating input score 56
- Program expense ratio: 71.9%; rating input score 72
- Fundraising efficiency: $11.11 raised per $1 spent on fundraising; rating input score 41; 41st percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd 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: Fail
- 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: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 54.6%; rating input score 93; 93rd percentile among comparable filings
- Total-asset coverage ratio: 20.57; rating input score 96; 96th percentile among comparable filings
- Liabilities to assets ratio: 0.03; rating input score 77; 77th percentile among comparable filings
- Officer compensation ratio: 3.9%; rating input score 62; 62nd percentile among comparable filings
Growth
- Program expense growth: -3.7% per year; rating input score 0; 6th percentile among comparable filings
- Revenue growth: 0.5% per year; rating input score 100; 13th percentile among comparable filings
- Asset growth: 5.6% per year; rating input score 100; 38th percentile among comparable filings
Details
- Where the money goes: 55.6% of revenue deployed · 71.9% of spending went to programs
- Governance: 17 of 17 board members independent · 8 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $1.4M in reported program spending
- Leadership: top reported pay $139K · 20 people listed
- Consistency: 30 of 30 current checks pass
- Schedules: 7 filed schedules · includes major donors and grants
- Filing history: 15 filing years from 2009 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Related organizations: 2 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: Mission deployment rate scored 56/100.
- Moderate — Financial Efficiency: Fundraising efficiency scored 41/100.
- High — Growth: Program expense growth scored 0/100.
- Review — Accountability: Governance controls: Document-retention policy not reported.