2014-11-14T10:29:48-06:00 2014-06-30 476097913 SEIM JOHNSON LLP 18081 BURT STREET SUITE 200 OMAHA NE 680224722 990 2013-07-01 911771983 THE CENTRAL HIGH SCHOOL FOUNDATION CENT 4025561996 1823 HARNEY STREET NO 203 OMAHA NE 68102 MICHELE ROBERTS EXECUTIVE DIRECTOR 4025561996 2014-11-10 1 BARBARA J FAJEN P00400874 4023302660 2013 2015-11-30 17:44:51Z MICHELE ROBERTS 1823 HARNEY STREET NO 203 OMAHA NE 68102 1014683 0 X WWW.CHSFOMAHA.ORG X 1996 NE CENTRAL HIGH SCHOOL FOUNDATION WAS FORMED IN JUNE, 1996, FOR THE PRIMARY PURPOSE OF PROVIDING SCHOLARSHIPS FOR STUDENTS OF CENTRAL HIGH SCHOOL IN OMAHA, NEBRASKA, AND TO PROVIDE OTHER SUPPORT TO CENTRAL HIGH SCHOOL THROUGH VARIOUS ACTIVITIES AS UNFUNDED NEEDS ARISE. 11 11 6 0 0 0 762665 840009 0 0 36031 27563 3268 -6384 801964 861188 309666 310076 0 0 175669 180015 0 0 98047 134872 170173 620207 660264 181757 200924 2121502 2472109 50664 40826 2070838 2431283 TO IMPROVE THE EDUCATION OF PRESENT AND FUTURE STUDENTS AT CENTRAL HIGH SCHOOL. 0 0 116578 116578 PROVIDED 36 COLLEGE SCHOLARSHIPS TO SENIOR STUDENTS OF CENTRAL HIGH SCHOOL. 193498 193498 PROVIDED 36 CLASSROOM GRANTS AND FUNDING FOR SPECIAL PROJECTS TO BENEFIT THE STUDENTS OF CENTRAL HIGH SCHOOL THROUGH ACTIVITIES, ORGANIZATIONS AND CLASSROOM SUPPORT. 310076 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 14 0 1 6 1 0 0 0 0 0 1 1 0 0 0 0 X 11 11 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 1 0 0 X ROBYN HUBBARD 4025561996 1823 HARNEY STREET SUITE 203 OMAHA NE 68102 MATTHEW ADEN PRESIDENT 1.00 X X 0 0 0 CLARK LAURITZEN VICE PRESIDENT 1.00 X X 0 0 0 SUSAN BUFFETT SECRETARY 1.00 X X 0 0 0 ADAM YALE TREASURER 1.00 X X 0 0 0 SUSAN LEBENS DIRECTOR 1.00 X 0 0 0 DR KEITH BIGSBY DIRECTOR 1.00 X 0 0 0 JULIE COBB DIRECTOR 1.00 X 0 0 0 DR RUSTY CROSSMAN DIRECTOR 1.00 X 0 0 0 MATT DARLING DIRECTOR 1.00 X 0 0 0 ROB LIKES DIRECTOR 1.00 X 0 0 0 ROGER SAYERS DIRECTOR 1.00 X 0 0 0 MICHELE ROBERTS EXECUTIVE DIRECTOR 40.00 X 93250 0 0 93250 0 0 0 0 0 0 0 43387 796622 16022 840009 26872 26872 104187 103496 691 691 691 43615 43387 49999 -6384 -6384 861188 0 0 21179 193498 193498 116578 116578 93901 93901 67654 67654 6261 6261 12199 12199 9948 9948 8018 8018 6620 5645 975 33613 33613 47973 11702 36271 8686 8686 20082 20082 447 447 1440 1440 1934 1934 EVENT EXPENSES 26413 26413 BANK FEES 3649 3649 LICENSES & FEES 775 775 DUES & SUBSCRIPTIONS 575 575 660264 310076 252141 98047 225756 205065 571473 611809 131123 196916 103493 43569 8856 59924 1182991 1397092 1303 1303 2121502 2472109 10977 12368 39687 28458 50664 40826 X 499814 569277 521607 624224 1049417 1237782 2070838 2431283 2121502 2472109 200924 159521 0 X X 1 X 0 1 0 X 870359 836305 1037037 762665 840009 4346375 870359 836305 1037037 762665 840009 4346375 1863713 2482662 14668 16806 13504 23811 26872 95661 49372 32708 45596 55746 43615 227037 4669073 0.53170 0.52200 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1343088 188365 178521 21200 1688774 1142608 113173 103742 16435 1343088 727378 423316 11914 20000 1142608 707078 20300 727378 684572 22506 707078 0.11000 0.73000 0.16000 0 0 103493 43569 59924 59924 X PART V, LINE 4: THE ORGANIZATION'S ENDOWMENT FUND CONSISTS OF PERMANENTLY RESTRICTED DONATIONS RECEIVED FOR THE PURPOSE OF PROVIDING AN ENDOWED SCHOLARSHIP FUND. THE EARNINGS FROM THE ENDOWMENT FUND ARE TO BE USED TO PROVIDE ANNUAL SCHOLARSHIPS TO SENIORS GRADUATING FROM CENTRAL HIGH SCHOOL IN OMAHA, NEBRASKA WHO ARE ENROLLING IN COLLEGE AFTER HIGH SCHOOL GRADUATION. THE ORIGINAL DONATIONS ARE TO BE HELD IN PERPETUITY TO PROVIDE FOR THE ANNUAL FUNDING OF SCHOLARSHIPS. PART X, LINE 2: THE FOUNDATION IS A NOT-FOR-PROFIT CORPORATION AS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS EXEMPT FROM FEDERAL INCOME TAXES ON RELATED INCOME PURSUANT TO SECTION 501(A) OF THE CODE. THE FOUNDATION ACCOUNTS FOR UNCERTAINTIES IN ACCOUNTING FOR INCOME TAX ASSETS AND LIABILITIES USING GUIDANCE INCLUDED IN FASB ASC 740, INCOME TAXES. THE FOUNDATION RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT OF BEING SUSTAINED. AT JUNE 30, 2014 AND 2013, THE FOUNDATION EVALUATED ITS TAX POSITIONS AND CONCLUDED THAT THE FOUNDATION HAD MAINTAINED ITS TAX EXEMPT STATUS AND HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS. THEREFORE, NO PROVISION OR LIABILITY FOR INCOME TAXES HAS BEEN INCLUDED IN THE FINANCIAL STATEMENTS. WITH FEW EXCEPTIONS, THE FOUNDATION IS NO LONGER SUBJECT TO U.S. FEDERAL OR STATE INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS BEFORE FISCAL 2010 ROCK THE NEST 37477 10270 27207 10112 13722 GOLF OUTING 46475 23250 23225 5910 20255 83952 33520 50432 16022 33977 49999 433 1 OMAHA PUBLIC SCHOOLS CENTRAL HIGH SCHOOL 124 N 20TH STREET OMAHA NE 68102 476002629 GOVERNMENTAL 193498 SUPPORT FOR CLASS ROOMS AND SPECIAL PROJECTS 1 0 SCHOLARSHIPS 36 116578 PART I, LINE 2: CENTRAL HIGH SCHOOL FOUNDATION PROVIDES SUPPORT FOR CENTRAL HIGH SCHOOL IN OMAHA, NEBRASKA. THERE ARE MANY EXPENSES THAT ARE NOT COVERED BY THE SCHOOL'S BUDGET. THE FOUNDATION DIRECTLY PAYS FOR VARIOUS CLASSROOM GRANTS, SPECIAL PROJECT GRANTS AND ACTIVITIES. FORM 990, PART VI, SECTION B, LINE 11 PRIOR TO THE FILING OF THE ANNUAL FORM 990, IT IS REVIEWED BY THE EXECUTIVE DIRECTOR, THE PRESIDENT, AND THE BOARD OF DIRECTORS. ANY QUESTIONS ARE BROUGHT TO THE ATTENTION OF THE PREPARER. ITEMS ARE RESOLVED PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 15A ALL INCREASES IN COMPENSATION FOR THE EXECUTIVE DIRECTOR ARE DISCUSSED AND APPROVED/AUTHORIZED BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. ALL DOCUMENTS ARE KEPT AT THE FOUNDATION'S OFFICE AND ARE READILY ACCESSIBLE BY THE EXECUTIVE DIRECTOR. FORM 990, PART XII, LINE 2C: THE BOARD OF DIRECTORS AND EXECUTIVE DIRECTOR ASSUME RESPONSIBILITY FOR THE OVERSIGHT OF THE ANNUAL ENGAGEMENT WITH THE INDEPENDENT ACCOUNTANT WHO PROVIDES A COMPILED FINANCIAL STATEMENT. THERE WERE NO CHANGES FROM PROCEDURES FOLLOWED IN PRIOR YEARS.