Text Box: OTCF Newsletter
                                                Publisher                                Issue No.2                               Date 2/01/2008   Volume No. 4

 

 

 

2007 was a great year for the Oregon Trail Community Foundation.  Our assets have almost reached $3 million.  Unrestricted funds have reached $1,173,498 and our restricted funds’ balances are now $1,743,775.  Designated and Undesignated grants and scholarships were $198,847 for 2007.  Net gain (income) after all expenses (which includes grants) was $346,187.

 

We now manage twenty-five restricted funds.  Six of these are scholarship funds which you can find under “Scholarship” on this website.  One of our notable funds is the "Riverside Soccer Fund" which has raised over $1.5 million for the new soccer fields in north Scottsbluff.  This public/private endeavor has resulted in a first-class soccer facility that is used by over 800 players.  All of the area high schools and grade schools plus the Western Nebraska Community College, can and do use the fields.  Improvements to the project are continuing.

 

One of our new funds is the “Scottsbluff Public Library Fund" which was established to accept donations for the remodeling and addition to the existing  library building.  The library group is working hard to raise $2.5 million to make this project a reality.  If you wish to support this endeavor, your donations can be made to OTCF-Library Fund.

 

Another new fund is the "Wildcat Hills Paleontology Fund".  When building the Heartland Express through the Wildcat Hills, a twenty-three million year old river bed was uncovered with a large number of fossils from that era.  Several paintings and a mural of these animals are being made.  Also being cast is a life-sized replication of a saber tooth tiger.  Once finished, all of these paintings and the model will be given to the Wildcat Hills Nature Center.  Ray Boice is working tirelessly to promote the Fossil Freeway which will encompass all of the wonderful Paleontology sites in the Panhandle.  For more information on this project you may visit http://classrooms.esu13.org/fossilfreeway.

 

We have created a "Nebraska Panhandle Endowment Fund".  This fund correlates with the Endow-Nebraska tax credit which was created in 2005.  Planned gifts and hopefully after this legislative session, direct gifts to this endowment fund will get a tax credit as well as a charitable deduction against their Nebraska taxes.  The current tax credit is 15% up to a maximum of $5000.  Pending legislation may increase that tax credit to 25% up to a maximum of $10,000 and they have added a five year carryover.  Only  Nebraska 501c-3 foundations with qualified endowment funds will receive the tax credit. The income from this endowment must only be used for Nebraska projects.

 

OTCF serves the entire Panhandle and we welcome philanthropic-minded citizens to join our exciting and progressive organization.  We believe that we are an important part of the future of the Panhandle and we work to improve the quality of life for all of our citizens.  If you are interested in joining the Oregon Trail Community Foundation, there is an application form on this website.

Membership 

Our voting members include:

OREGON TRAIL COMMUNITY FOUNDATION

2008 MEMBERSHIPS

NAME

COMPANY NAME

LEVEL OF MEMBERSHIP

CLASSIFI-CATION

 

 

Baker, Ann & John

 

Platte River

Board

Chaloupka, Judy & Bob

 

Conestoga

Board

Flaherty, Tom & Kathee

 

Conestoga

Board

Glenn, G. Lee & Deb

 

Conestoga

Board

Hefti, Marv & Cathy

First State Bank

Monument

Board

Hiner, Travis & Sue

Hiner Foundation

Monument

Board

Holland, Jim & Tammy

Scottsbluff Publishing

Platte River

Board

Holyoke, Tom & Carol

 

Conestoga

Board

Kelley, Bob & Rossell

 

Conestoga

Board

Kent, Doug & Louise

 

Monument

Board

Kosman, Hod

Kosman, Inc.

Monument

Board

Kosman, Hod

Platte Valley Bank

Monument

Board

Kosman, Hod & Willa

 

Monument

Board

Krieg, Joanne & Jacob

 

Conestoga

Board

Massey, John & Megan

 

Platte River

Board

Miller, Lonnie & Janet

Dana Cole & Co.

Conestoga

Board

Olsen, Howard & Peggy

 

Conestoga

Board

Rahmig, Marilyn & Hank

 

Conestoga

Board

Reinhardt, Jim & Helen

B & C Steel

Hiram Scott

Board

Rojas, Gayle & R.J.

 

Conestoga

Board

Schlothauer, Barb & Geo.

 

Platte River

Board

Simmons, Cricket & John

 

Conestoga

Board

Sorensen, Dr. Todd

RWMC

Hiram Scott

Board

Sorensen, Dr. Todd & Kiki

 

Platte River

Board

Adams, Dr. Terry

Scottsbluff Vision Clinic

Pioneer

Non-voting

Dalton, Catherine

 

Pioneer

Non-voting

Erickson, Ron

Weathercraft Roofing

Pioneer

Non-voting

Ferguson, Mike & Deanna

Ferguson Signs

Pioneer

Non-voting

Gentry, Dr. Don & Meredyth

 

Pioneer

Non-voting

Gwen Bewley

Northfield Retirement

Pioneer

Non-voting

Holub, Kent

Team Chevrolet

Pioneer

Non-voting

Lacey, Dr. Kent & Gayle

 

Pioneer

Non-voting

Morgheim, Edward

Swire Coca-Cola

Pioneer

Non-voting

Overman, Don & Bernadine

 

Pioneer

Non-voting

Phillips, Marilyn

 

Pioneer

Non-voting

Reinhardt, Lew & Betty

 

Pioneer

Non-voting

Selzer, Jack & Shirley

 

Pioneer

Non-voting

Smith, Dorothea

 

Pioneer

Non-voting

Wills, Daryl

Wills Chiropractic

Pioneer

Non-voting

Bartlett, Dave

First National Bank

Monument

Voting

Cannon, Ann

Cannon Foundation

Conestoga

Voting

Failing, Dr. Robert & Nancy

 

Conestoga

Voting

Fancher, Julie

 

Monument

Voting

Fillingham, John

Magnolia Homes

Monument

Voting

Green, Ken & Trisha

Agra Holdings LP

Hiram Scott

Voting

Haskell, Chuck & Mary

 

Monument

Voting

Hetzel, Steve

Regional Care, Inc.

Platte River

Voting

Kelley, Gary & Patty

 

Conestoga

Voting

Martin, Jud & Sue

 

Conestoga

Voting

Neuwirth, Jim & Cindy

ABC Nursery

Conestoga

Voting

Palser, Ray & Marcia

Railway Office Plaza

Conestoga

Voting

Pierce, Rawnda

TCD

Conestoga

Voting

Rose, Forrest (Sam)

Tri-State Roofing

Conestoga

Voting

Sandberg, Kelly & Crystal

Sandberg Implement

Conestoga

Voting

Scheinost, Jeff & Cynthia

High Plains Budweiser

Platte River

Voting

Schlaepfer, Bill

Gering Valley Plumbing

Conestoga

Voting

Stinner, John

Valley Bank

Monument

Voting

Stocker, Kevin & Mary

AmeriStar Trans.

Monument

Voting

Van Newkirk, Mert & Jan

 

Conestoga

Voting

Yekel, Penny

Print Express

Conestoga

Voting

 

US Bank

Monument

Voting

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Membership is a tax deductible donation. Many memberships are paid for by the business. Membership renewals are billed the same month each year and run for 12 months.  To become a member, visit our membership page on this website.

December 2007

Balance Sheet

OREGON TRAIL COMMUNITY FOUNDATION

Unaudited Comparative Balance Sheets December 31, 2007, 2006, 2005

 

BALANCE SHEETS

 

 

2007

2006

2005

ASSETS

 

 

 

Current Assets

 

 

 

Cash

$484,362

$215,736

$204,979

Total Current Assets

$484,362

$215,736

$204,979

Investments

 

 

 

Investments- undesignated

$1,127,307

$1,092,434

$979,436

Investments-restricted

$886,194

$865,538

$850,649

L T Donations receivable

$142,946

$133,742

$125,132

Total Investments:

$2,156,447

$2,091,714

$1,955,217

Fixed Assets (Net of Depreciation)

 

 

 

Gering Land Gift

$0

$0

$0

Midwest Theater

$224,795

$224,795

$224,795

Other

$121,965

$109,938

$111,177

Total Fixed Assets:

$346,760

$334,733

$335,972

TOTAL ASSETS:

$2,987,569

$2,642,183

$2,496,168

 

LIABILITIES & EQUITY

 

 

2007

2006

2005

CURRENT LIABILITIES:

 

 

 

Accounts Payable

$68,500

$71,100

$55,500

Prepaid Memorials

$1,795

$1,730

$1,945

Other

$0

 

$500

Current Liabilities:

$70,295

$72,830

$57,945

EQUITY:

 

 

 

Restricted Funds

$1,743,775

$1,445,110

$1,447,986

General Fund Balance

$1,173,499

$1,124,243

$990,237

Total Equity:

$2,917,274

$2,569,353

$2,438,223

TOTAL LIABILITIES & EQUITY

$2,987,569

$2,642,183

$2,496,168

2007 Income Statement

                                                                               

OREGON TRAIL COMMUNITY FOUNDATION

 

Unaudited Comparative Income Statements for Years Ended December 31, 2007, 2006, 2005

 

INCOME STATEMENTS

 

 

2007

2006

2005

INCOME:

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