2013-02-08T11:01:37-06:00 2012-06-30 476097913 SEIM JOHNSON LLP 18081 BURT STREET SUITE 200 OMAHA NE 680224722 990 2011-07-01 911771983 THE CENTRAL HIGH SCHOOL FOUNDATION CENT 4025561996 1823 HARNEY STREET NO 203 OMAHA NE 68102 MATTHEW ADEN 4025561996 2013-02-08 1 BARBARA J FAJEN P00400874 4023302660 2011 2016-02-25 16:41:14Z X MATTHEW ADEN 1823 HARNEY STREET NO 203 OMAHA NE 68102 1912478 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 836305 1037037 0 0 18258 29295 0 -12877 854563 1053455 501049 522381 0 0 206940 184877 0 0 66324 169440 150643 877429 857901 -22866 195554 1653309 1877115 21300 62515 1632009 1814600 TO IMPROVE THE EDUCATION OF PRESENT AND FUTURE STUDENTS AT CENTRAL HIGH SCHOOL. 0 0 121052 121052 PROVIDE COLLEGE SCHOLARSHIPS TO SENIOR STUDENTS OF CENTRAL HIGH SCHOOL. 401329 401329 PROVIDE CLASSROOM GRANTS TO CENTRAL HIGH SCHOOL TEACHERS AND PROVIDE SUPPORT FOR SPECIAL UNFUNDED PROJECTS FOR ACTIVITIES AND ORGANIZATIONS THAT BENEFIT CENTRAL HIGH SCHOOL. 522381 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 0 1 2 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 1 0 0 0 1 0 0 X ROBYN HUBBARD 4025561996 1823 HARNEY STREET SUITE 203 OMAHA NE 68102 SUSAN LEBENS 1.00 X X 0 0 0 CLARK LAURITZEN 1.00 X X 0 0 0 SUSAN BUFFETT 1.00 X X 0 0 0 ADAM YALE 1.00 X X 0 0 0 MATTHEW ADEN 1.00 X 0 0 0 DR KEITH BIGSBY 1.00 X 0 0 0 JULIE COBB 1.00 X 0 0 0 DR RUSTY CROSSMAN 1.00 X 0 0 0 MATT DARLING 1.00 X 0 0 0 ROB LIKES 1.00 X 0 0 0 ROGER SAYERS 1.00 X 0 0 0 MICHELE ROBERTS 40.00 X 94250 0 0 94250 0 0 0 0 0 0 0 25244 1011793 13693 1037037 13504 13504 816341 800550 15791 15791 15791 45596 25244 58473 -12877 -12877 1053455 0 0 16418 401329 401329 121052 121052 94250 94250 77494 77494 13133 13133 13269 13269 3487 3487 4379 3904 475 33367 33367 36890 9296 27594 16003 15250 753 21025 21025 3295 3295 2628 2628 2155 2155 MISCELLANEOUS 5239 5099 140 BANK FEES 4761 4761 EVENT EXPENSES 3851 3851 DUES & SUBSCRIPTIONS 150 150 144 144 857901 522381 269196 66324 681776 883047 211806 240972 800 50985 40689 2925 10296 755499 740697 1303 1303 1653309 1877115 7972 21300 54543 21300 62515 X 588962 277356 315669 495503 727378 1041741 1632009 1814600 1653309 1877115 X 195554 -12963 X X 1 0 1 X 0 X 997417 744333 870359 836305 1037037 4485451 997417 744333 870359 836305 1037037 4485451 1847168 2638283 46802 19882 14668 16806 13504 111662 28207 32520 49372 32708 45596 188403 4785516 0.55130 0.60710 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 727378 423316 11914 20000 1142608 707078 20300 727378 684572 22506 707078 623067 61505 684572 0.07040 0.91180 0.01780 0 0 50985 40689 10296 10296 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: 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. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: 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, 2012, 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 2008. FORM 990, SCHEDULE D, PART V, LINE 1: ENDOWMENT FUNDS WERE RESTATED IN THE CURRENT YEAR. THE DIFFERENCE BETWEEN THE PRIOR YEAR ENDING BALANCE AND THE RESTATED CURRENT YEAR BEGINNING BALANCE IS $113,048. THIS AMOUNT HAS BEEN ADDED TO CONTRIBUTIONS IN PART V, LINE 1B. ROCK THE NEST 25942 7469 18473 4643 17528 GOLF OUTING 44898 17775 27123 4050 32252 70840 25244 45596 8693 49780 58473 -12877 1 OMAHA PUBLIC SCHOOLS CENTRAL HIGH SCHOOL 124 N 20TH STREET OMAHA NE 68102 476002629 401329 0 SUPPORT FOR CLASS ROOMS AND SPECIAL PROJECTS 1 0 SCHOLARSHIPS 45 121052 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, 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, AND 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 SUCH REQUEST. ALL DOCUMENTS ARE KEPT AT THE FOUNDATION'S OFFICE AND ARE READILY ACCESSIBLE BY THE EXECUTIVE DIRECTOR. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -12,963. 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.