

2010 has been a good year for the Oregon Trail Community Foundation even though our investments are down at this writing. Luckily, we are well diversified so our losses are mitigated. Our assets are now about $2.8 million which is double our size since 2000. Unrestricted funds have reached $1.2 million and our restricted funds’ balances are now $1,719,771. Grants given by the Foundation so far in 2010 total $1.2 million. This includes grants given from our twenty various funds. Scholarships awarded are $43,476.
We now manage twenty-nine restricted funds. Nine 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.
Another substantial fund 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 has worked 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 - 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 have been made. Also, the fund has had a 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.
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.
Our voting members include:
OREGON TRAIL COMMUNITY FOUNDATION
2010 MEMBERSHIPS
|
NAME |
COMPANY NAME |
LEVEL OF MEMBERSHIP |
CLASSIFI-CATION |
|
|
|
||
|
Baker, Ann & John |
|
Conestoga |
Board |
|
Chaloupka, Judy |
|
Conestoga |
Board |
|
Flaherty, Tom & Kathee |
|
Conestoga |
Board |
|
Glenn, G. Lee & Deb |
|
Conestoga |
Board |
|
Hefti, Marv & Cathy |
First State Bank |
Monument |
Board |
|
Hiner, Travis & Sue Niece |
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 |
|
Platte River |
Board |
|
Massey, John & Megan |
|
Platte River |
Board |
|
Miller, Lonnie & Janet |
Dana Cole & Co. |
Platte River |
Board |
|
Olsen, Howard & Peggy |
|
Conestoga |
Board |
|
Rahmig, Marilyn & Hank |
|
Conestoga |
Board |
|
Reinhardt, Jim & Helen |
B & C Steel |
Hiram Scott |
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 |
|
Burford, Joe & Shirley |
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 |
| Hinman, Rod & Phyllis | 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 |
| Neuwirth, Jim & Cindy | ABC Nursery | Pioneer | Non-voting |
|
Overman, Don & Bernadine |
|
Pioneer |
Non-voting |
|
Reinhardt, Betty |
|
Pioneer |
Non-voting |
|
Selzer, Shirley |
|
Pioneer |
Non-voting |
|
Wills, Dr. Daryl |
Wills Chiropractic |
Pioneer |
Non-voting |
| Adams, Dr. Terry | Scottsbluff Vision Clinic | Conestoga | Voting |
|
Bartlett, Dave |
First National Bank |
Platte River |
Voting |
|
Doll, Steve |
Johnson-Cashway |
Conestoga |
Voting |
|
Failing, Dr. Robert & Nancy |
|
Conestoga |
Voting |
|
Fancher, Julie |
|
Monument |
Voting |
|
Fillingham, John |
Magnolia Homes |
Monument |
Voting |
|
Foote, Ryan DDS |
Foote Family Dentistry |
Conestoga |
Voting |
|
Gillam, Mark |
Floyd's Sales & Service |
Conestoga |
Voting |
|
Hetzel, Steve |
Regional Care, Inc. |
Platte River |
Voting |
| Johnson, Ken & Bobbie | Conestoga | Voting | |
| Jolliffe, Jeff & Tom Parks | Jolliffe Funeral Home | Conestoga | Voting |
|
Kelley, Gary & Patty |
|
Conestoga |
Voting |
| Kjosen, Todd | WalMart | Monument | Voting |
| Landercasper, Lane & Betty | Subway | Conestoga | Voting |
|
Martin, Jud & Sue |
|
Platte River |
Voting |
|
McKerrigan, Jeanne |
US Bank |
Monument |
Voting |
| Miller, Christian | McDonald's | Monument | Voting |
| Palm, Owen & Karen | 21st Century Equipment | Monument | Voting |
|
Pierce, Rawnda |
TCD |
Conestoga |
Voting |
|
Rohrick, Dr. Thomas T. |
C.A.R.E. Chiropractic |
Platte River |
Voting |
|
Sandberg, Kelly & Crystal |
Sandberg Implement |
Conestoga |
Voting |
|
Scheinost, Jeff & Cynthia |
High Plains Budweiser |
Platte River |
Voting |
|
Schlaepfer, Bill |
Gering Valley Plumbing |
Conestoga |
Voting |
| Schon, Joe & Sandy | Conestoga | Voting | |
| Selzer, John | Conestoga | Voting | |
|
Stinner, John |
Valley Bank |
Monument |
Voting |
|
Van Newkirk, Mert & Jan |
|
Conestoga |
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.
Balance Sheet
OREGON TRAIL COMMUNITY FOUNDATION
Unaudited Comparative Balance Sheets December 31, 2009, 2008, 2007
|
(
|
BALANCE SHEETS |
|
||
|
|
2009 |
2008 |
2007 |
|
|
ASSETS |
|
|
|
|
|
Current Assets |
|
|
|
|
|
Cash |
$1,251,759 |
$459,335 |
$484,362 |
|
|
Total Current Assets |
$1,251,759 |
$459,335 |
$484,362 |
|
|
Investments |
|
|
|
|
|
Investments- undesignated |
$1,265,771 |
$1,017,620 |
$1,127,307 |
|
|
Investments-restricted |
$785,284 |
$710,727 |
$886,194 |
|
|
L T Donations receivable |
$163,298 |
$152,784 |
$142,946 |
|
|
Total Investments: |
$2,214,353 |
$1,881,131 |
$2,156,447 |
|
|
Fixed Assets (Net of Depreciation) |
|
|
|
|
|
Gering Land Gift |
$0 |
$0 |
$0 |
|
|
Midwest Theater |
$224,795 |
$224,795 |
$224,795 |
|
|
Other |
$128,820 |
$129,059 |
$121,965 |
|
|
Total Fixed Assets: |
$353,615 |
$353,854 |
$346,760 |
|
|
TOTAL ASSETS: |
$3,819,727 |
$2,694,320 |
$2,987,569 |
|
|
|
LIABILITIES & EQUITY |
|
|||
|
|
2009 |
2008 |
2007 |
||
|
CURRENT LIABILITIES: |
|
|
|
||
|
Accounts Payable |
$70,100 |
$76,230 |
$68,500 |
||
|
Prepaid Memorials |
$2,085 |
$1,840 |
$1,795 |
||
|
Other |
$0 |
|
|
||
|
Current Liabilities: |
$72,185 |
$78,070 |
$70,295 |
||
|
EQUITY: |
|
|
|
||
|
Restricted Funds |
$2,793,715 |
$1,906,404 |
$1,743,775 |
||
|
General Fund Balance |
$953,827 |
$709,846 |
$1,173,499 |
||
|
Total Equity: |
$3,747,542 |
$2,616,250 |
$2,917,274 |
||
|
TOTAL LIABILITIES & EQUITY |
$3,819,727 |
$2,694,320 |
$2,987,569 |
||
|
OREGON TRAIL COMMUNITY FOUNDATION |
|
||
|
Unaudited Comparative Income Statements for Years Ended December 31, 2009, 2008, 2007 |
|||
|
|
INCOME STATEMENTS |
|
|
|
|
2009 |
2008 |
2007 |
|
INCOME: |
|
|
|
|
Donations- Undesignated |
$39,787 |
$35,687 |
$44,975 |
|
Donations-Designated |
$373,910 |
$468,937 |
$420,010 |
|
Memoria1s- Undesignated |
$7,395 |
$5,470 |
$5,950 |
|
Memorials-Designated |
$2,959 |
$13,862 |
$460 |
|
Grants Received-Designated |
$1,014,780 |
$37,200 |
$19,653 |
|
General Fund Raiser |
$10,744 |
$11,889 |
$17,201 |
|
Investment Income |
$57,559 |
$75,163 |
$69,274 |
|
Management Fees |
$21,911 |
$19,337 |
$16,871 |
|
Other Income |
$550 |
$12,813 |
$5,902 |
|
Unrealized Gains/Losses |
$299,568 |
($630,680) |
$26,453 |
|
Realized Gains/Losses |
$0 |
($865) |
$12,396 |
|
TOTAL INCOME: |
$1,829,163 |
$48,813 |
$638,335 |
|
EXPENSES: |
|
|
|
|
Administrative Services |
$31,645 |
$28,198 |
$27,628 |
|
Gifts & Grants |
$594,169 |
$249,222 |
$198,847 |
|
Rent |
$3,580 |
$3,643 |
$4,058 |
|
Depreciation |
$1,239 |
$1,239 |
$1,239 |
|
Office Expense & Supplies, Misc. |
$35,574 |
$36,191 |
$37,763 |
|
Advertising & Printing |
$3,963 |
$8,507 |
$2,977 |
|
Management Fees |
$20,948 |
$18,662 |
$16,180 |
|
Insurance |
$2,289 |
$2,200 |
$2,171 |
|
Accounting |
$4,464 |
$1,975 |
$1,285 |
|
TOT AL EXPENSES: |
$697,871 |
$349,837 |
$292,148 |
|
NET INCOME (LOSS) |
$1,131,292 |
($301,024) |
$346,187 |
|
|
|
INVESTMENT RETURN |
|
|
|
|
|
2009 |
2008 |
2007 |
|
Realized & Unrealized Gain (loss) |
$299,568 |
($631,545) |
$38,849 |
|
|
Investment income |
|
$57,559 |
$75,163 |
$69,274 |
|
Net gain (loss) on investments |
(A) |
$357,127 |
($556,382) |
$108,123 |
|
Total Investments (prior year) |
(B) |
$2,340,466 |
$2,640,809 |
$2,307,450 |
|
(Net gain(loss)/Total Invest.) |
(AIB) |
15% Gain |
(-21.1)% Loss |
4.69% Gain |
TOTAL GRANTS FROM ALL FUNDS: $594,169
Grants are made from various funds based on instructions from the original donor(s). Jim Reinhardt chairs the Foundation’s Grant Committee. His committee reviews all grants submitted and then recommends those eligible to be taken to the Board of Directors for final approval. Grants given in 2007 were as follows:
2007 GRANTS & SCHOLARSHIPS
MISCELLANEOUS RECIPIENTS $ 9,150.00 From Riverside Soccer Association
PLATTE RIVER BASIN ENVIR. $ 4,378.60 From Hi-Plains Science Adventures
MISCELLANEOUS RECIPIENTS $ 15,938.50 From Iraq-Afghanistan Memorial
MISCELLANEOUS RECIPIENTS $ 82,950.00 From Martin Family Fund
MISCELLANEOUS RECIPIENTS $ 1,037.90 From Downtown Scottsbluff Assoc.
MISCELLANEOUS RECIPIENTS $ 34,346.10 From Melbeta Park Fund
MISCELLANEOUS RECIPIENTS $ 2.285.00 From Saddle Club
MISCELLANEOUS RECIPIENTS $333,317.48 From Scotts Bluff Public Library
MISCELLANEOUS RECIPIENTS $ 5,425.24 From Wounded Warrior Run
WESTERN NE VETERANS HOME $ 5,000.00 From Home Depot
MISCELLANEOUS RECIPIENTS $ 20,000.00 From Peter Kiewit Foundation
FRIENDS OF THE MIDWEST THEATER $ 4,000.00 OTCF 2009 grant
SCOTTS BLUFF PUBLIC LIBRARY $ 10,000.00 OTCF 2009 grant
RIVERSIDE ZOOLOGICAL/Splash Pad $ 4,000.00 OTCF 2009 grant
NPV HISTORICAL ASSOC. $ 3,500.00 OTCF 2009 grant
FOSSIL FREEWAY/PALEONTOLOGY $ 3,000.00 OTCF 2009 grant
FIELD OF DREAMS $ 2,500.00 OTCF 2009 grant
OREGON TRAIL SOAP BOX DERBY $ 2,000.00 OTCF 2009 grant
KIWANIS/TRAILS OF FUN $ 2,000.00 OTCF 2009 grant
GERING ZION/JOYFUL NOISE $ 3,500.00 OTCF 2009 grant
REVERSE CHIMNEY ROCK GRANT $ -1,000.00 OTCF 2007 grant
HEARTLAND EXPRESSWAY $ 1,000.00 OTCF 2009 grant
CAPstone $ 4,500.00 OTCF 2009 grant
SCHOLARSHIPS $ 41,350.55 Scholarship Funds
TOTAL 2009 GRANTS & SCHOLARSHIPS $594,169.37
We assist local
organizations by letting them use the Foundation to raise tax-deductible donations. These
are “pass through” funds which accept the donations and then grant
those funds to the project or organization. All grants that the Foundation
makes must meet IRS rules.
The Foundation also has “donor advised”
funds. Family funds fall under this heading. The Family can have an advisory
board who can decide on how they want their fund’s money invested and who the
fund’s grants should go to. These funds can go on forever and the
advisory board can continue and change over the years. The Foundation board, however, has final say
over all actions.
If you need further
information about the different types of funds that the Foundation can have,
call Bev Overman, Executive Secretary.
The
foundation works with accountants, Trust Officers, Brokers, Financial Planners and lawyers to help them create a plan for
their clients.
Types of Donations
One of the best tax strategies is donation of appreciated property. Property can be appreciated securities, real estate or other personal property.
When you donate appreciated property, you first get
to deduct the market value of that property on your income taxes. Second, you
do not have to pay capital gains on the appreciation of the property.
Real estate does have to be appraised in order to qualify, so if you have land and/or buildings to donate, it is time to get started with the appraisal.
Appreciated stock is easier. You can electronically
transfer stock from your stock account directly into the Foundation's stock
account. If you are interested or know someone who might be interested, please
call for particulars.
Prepaid Memorial Program
The
Foundation has developed a memorial plan as a
service to business, but individuals may use it also. A memorial
may be made for a loved one, friend or customer. Their name will then be
entered into the Foundation’s “Book of Memory.” Currently, the “Book of
Memory” is displayed in the First State Bank lobby.
In order to make it easier for business or individuals to use this, the Foundation has developed a “Prepaid Memorial” plan. Instead of writing a check for each memorial, the business can prepay $100 or more. Then the business simply fills out the "memorial form" under the "Book of Memories" section of this website and then it goes directly to the Foundation office. When the business’ account is depleted, the Foundation will send a printout of the account showing all deposits and all memorials deducted.
The minimum memorial is $20, but this is
much cheaper than flowers and the time it takes an employee to handle the
arrangements.
For this memorial donation, the
Foundation sends the deceased’s family a note informing them that a memorial
donation (the amount is not mentioned) has been made by the named donor and the
loved one’s name has been forever entered into the Oregon Trail Foundation “Book
of Memory”.