annual report - Bird City, KS
Transcription
annual report - Bird City, KS
Statement of Financial Position Year Ended December 31, 2011* Assets Current Assets $ 10,542,657.11 TOTAL ASSETS $ 10,542,657.11 Liabilities & Net Assets Accounts Payable $ 5,001.99 Grants Payable $ 135,000.00 Scholarships Payable $ 15,550.00 TOTAL LIABILITIES $ 155,551.99 Fund Balance $ 10,387,105.12 TOTAL FUND BALANCE $ 10,387,105.12 TOTAL LIABILITIES & FUND BALANCE $ 10,542,657.11 Bird City Century II Development Foundation An affiliate of Greater Northwest Kansas Community Foundation *This is an un-audited Statement of Financial Position. 2012 Board of Directors & Staff Rodney Young, President John Deeds, Vice-President David Hendricks, Treasurer Gary Brubaker, Secretary Dan Busse Sherry Carmichael Rod Klepper C. Ned Smith Roseanna Underwood Catherine A. Domsch, Executive Director Shandi Roesener, Program Officer Darci Schields, Administrative Assistant Bird City Century II Development Foundation 107 West Bressler PO Box 593 Bird City, KS 67731 Tel: 785-734-2556 Fax: 785-734-2536 E-mail: [email protected] www.birdcity.com Robertson-Griffin-Bacon Memorial Building formerly Security State Bank 2011 ANNUAL REPORT Table of Contents Table of Contents…………………………………………………Page 1 About the Foundation…………………………………………….Page 1 Funds of the Foundation….………………………………………Page 2 About Edgar and Mabel Robertson...……………………………..Page 3 Kori’s Story………...……………………………………………..Page 3 2011 Edgar and Mabel Robertson Scholarship Recipients…...…..Page 4 2011 Grants…………………….…………………………………Page 5 Robertson-Griffin-Bacon Memorial Building..…………………..Page 6 Personalizing Your Philanthropy………………………………...Page 6 Statement of Financials……………………………………...…...Page 7 Robertson-Griffin-Bacon Memorial Building In March 2011, the Bird City Century II Development Foundation purchased the former Security State Bank building with financial assistance from the Bacon Family Foundation. The building was named Robertson-Griffin-Bacon Memorial Building, in memory of Edgar Robertson and Rosemary Griffin who left large bequests to the Foundation in the early 2000’s, and the Bacon family, who at one time owned the building, and continue to financially assist the community of Bird City with very generous gifts for community projects. Interior renovations of the building’s main floor and exterior renovations will start in 2012. The renovated building will serve as a business incubator for small start-up or expanding businesses. The purpose is to help these emerging businesses survive and grow during the start-up period when they are most vulnerable, and offer entrepreneurial support through the various resources available locally and state-wide. The Bird City Century II Development Foundation has been working on a business incubator program for many years now, networking with outside organizations to bring support resources and services to our local businesses, creating revolving loan funds, and providing office space and funding for the Kansas Small Business Development Center (KSBDC) Bird City Outreach Office, which is located in the Robertson-Griffin-Bacon Memorial Building so that businesses have direct access to assistance and programs. Board of Directors…………………………………….………….Page 7 Personalizing Your Philanthropy About the Foundation Community foundations provide a simple, powerful and highly personal approach to giving. We offer a variety of giving tools to help people achieve their charitable goals. The Bird City Century II Development Foundation, Inc. was founded on December 17, 1985 with remaining funds from the Bird City centennial celebration earlier that year. Original founders of the Foundation include Edgar Robertson, Robert Brubaker, Floyd Jensen, Robert L. Jones, and Floyd Wright. The Foundation was organized for the betterment and benefit of the Bird City community, and continues to function as such. The Bird City Century II Development Foundation is an affiliate of the Greater Northwest Kansas Community Foundation, an organization exempt from Federal income tax under section 501(c)(3) of the Internal Revenue Code, a public charity under section 509(a)(3), a supporting organization, and a non-profit corporation organized in the State of Kansas. With this designation, the Foundation is a supporting organization of the Greater Kansas City Community Foundation. The board of directors took these steps to ensure the future of the Foundation as a community foundation. With this relationship, Greater Kansas City Community Foundation assists the Foundation with back office and legal support. The Foundation is a community foundation which represents an opportunity for all friends of the Bird City community to give, through philanthropy, back to the Bird City community to enhance and ensure the quality of life for present and future generations of Bird City. 1 You can make a gift of cash, stocks, bonds, real estate or other assets to your community foundation. Most charitable gifts qualify for maximum tax advantage under federal law. For more information and ideas on ways to integrate your financial planning with charitable giving, ask your financial advisor or contact your community foundation. Ten reasons people choose to give through community foundations: One - We are a local organization with deep roots in the community. Two - Our professional program staff has broad expertise regarding community issues and needs. Three - We provide highly personalized service tailored to each individual’s charitable and financial interests. Four - Our funds help people invest in the causes they care about most. Five - We accept a wide variety of assets, and can facilitate even the most complex forms of giving. Six - We partner with professional advisors to create highly effective approaches to charitable giving. Seven - We offer maximum tax advantage for most gifts under federal law. Eight - We multiply the impact of gift dollars by pooling them with other gifts and grants. Nine - We build endowment funds that benefit the community forever and help create personal legacies. Ten - We are a community leader, convening agencies and coordinating resources to create positive change. 6 Current Funds of the Foundation 2011 Grants Bird City Century II Community Initiative Fund Bird City Boy Scouts $1,400 - Camp supplies and Troop activities DESIGNATED FUNDS You can direct your gift to a specific nonprofit organization or purpose. Organizations may establish a fund through the Foundation; anyone can contribute to these designated funds to help build an organization’s endowment or to support special projects. Bird City Historical Association, Inc $6,000 - To research and preserve area history Bird City Public Library $1,100 - Additional shelving Cheylin Recreation Commission $885 - Bird City Golf Club - Maintenance Cheylin USD 103 $20,000 - Cheylin Wellness Center $6,000 - Cheylin Preschool Program Bird City Century II Administrative Fund Bird City Century II Business Incubator Program Fund Bird City Century II Community Initiative Fund Bird City E-Community Fund Bird City 150th Celebration Fund Cheylin Schools Foundation Operating Fund Cheylin Schools Foundation Endowment Fund Cheylin Schools Foundation Golf Program Fund SCHOLARSHIP FUNDS Immanuel United Methodist Church $3,000 - Bird City Food Bank assistance Kansas Small Business Development Center $30,000 - Bird City Outreach Office Assistance Scholarships may be established by individuals or groups, giving a gift of education, providing a tangible commitment to the future and a vision of hope for the next generation. Bird City Century II Scholarship Fund Edgar & Mabel Robertson Scholarship Bird City Business Development Scholarship Santa Day $250 - Annual Santa Day Celebration Immanuel United Methodist Church $1,000 - Promote spiritual growth and community development Living Water Fellowship $1,000 - Promote spiritual growth and community development St. John Lutheran Church $1,000 - Promote spiritual growth and community development St. Joseph Catholic Church $1,000 - Promote spiritual growth and community development Wesleyan Community Church $1,000 - Promote spiritual growth and community development For additional information, including a grant application, go to www.birdcity.com, ‘Community Foundation’ 5 DONOR ADVISED FUNDS These funds are easy for individuals, families and corporations to utilize as they are simple to set up and offer tax benefits. Donors may suggest grants to their favorite charitable organization, and address the issues and needs they care most about. Robert Brubaker Family Fund FIELD OF INTEREST FUNDS You can direct your gift to help a specific area (education, arts, aging, historic preservation). By designating the general field of interest or geographic area (not a specific organization), grants can be awarded to community organizations and programs that are making a difference in the area you select. Bird City Rural High School/Bird City Historic Preservation Fund Bird City Rural High School/Bird City Historic Endowment Fund 2 About Edgar and Mabel Robertson Edgar Robertson began working at the Security State Bank on the bank’s opening day on November 1, 1929, for E.L. Bacon, the bank president and cousin. Through his many years of banking he saw many changes in the industry, especially through technology, laws and regulations. Edgar married Mabel Wright in June 1934. Mabel Robertson died in December 1980, and Edgar Robertson died in July 2001, leaving a large bequest to the Bird City Century II Development Foundation for the betterment of the Bird City community. The Foundation board of directors established the Robertson Scholarship for graduating Cheylin students, to honor Edgar and Mabel Robertson. Kori’s Story Kori Underwood - 2006 Cheylin Graduate After graduating from Cheylin in 2006, I entered the University of Nebraska- Lincoln. My career goal was to become a dentist. Since dentistry not only involves a knowledge of science, but also requires the ability to communicate and relate to people, I graduated from UNL with a Bachelor of Arts in Psychology and a minor in chemistry. I was accepted to the University of Nebraska Medical Center College of Dentistry in August of 2010. Currently, I am in my second year of dental school and will graduate in May of 2014 with a Doctorate of Dental Surgery. I was very appreciative of the $3,600 scholarship from the Robertson Scholarship that was distributed over my four years of undergraduate studies. For me, the scholarship was more than the monetary contribution to my education, it was a proud accomplishment in the small community I called home. Mr. Robertson, as well as the Century II Foundation, has shown a tremendous amount of generosity, support, and enthusiasm for Cheylin seniors wanting to continue their education. This form of kindness not only makes me appreciate where I came from, but it also encourages my own interest in helping others. From instructing water safety lessons at the pool to being the summer reading coordinator at the public library, I have had an early eagerness for making an impact in children by encouraging the possibility for achievement with hard work and dedication. Today, I continue my interest in children by devoting my time to the Lincoln Big Brothers Big Sisters Foundation. As Outreach Coordinator of the Nebraska American Student Dental Association, I am currently organizing a volunteer event for faculty and students in the dental college. We will be partnering with the Lincoln Kids Against Hunger (a nonprofit organization with the mission to significantly reduce the number of hungry children worldwide). By reaching our goal of raising $2,000, we will be able to make more than 8,500 meals for hungry children locally and extremely malnourished children globally. I remember Edgar Robertson as the man at the Security State Bank who was always glad to see you come in. He was always willing to contribute to the latest community projects my friends and I were asking donations for. It was years later that I realized his true commitment to the community of Bird City. I am very grateful for all the scholarships I received at high school graduation. These generous gifts were very helpful in the first years of my college education. But more importantly, they reinforced my commitment to making a difference through acts of service. 3 The Edgar and Mabel Robertson Scholarship applications are made available to USD 103 Cheylin High School graduating seniors. Awarded scholarships are paid out over eight semesters and made payable to the college and scholarship recipient. A total of $155,750 has been awarded since 2003. 4