Passes our checks

Alma Area Foundation

EIN 48-1147950 · Alma, KS

Public records show a registered, tax-exempt organization in good standing.

What it says it does

TO ADMINISTER SCHOLARSHIPS AND PUBLIC IMPROVEMENTS TO PROMOTE TOURISM.

Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Good: 85 out of 100. Higher than 61% of charities in its peer group (education, under $250k).

Reserves
35 of 35
Spendable reserves would cover 90.3 months of spending.
Debt
20 of 20
It owes 0% of what it owns.
Living within its means
0 of 15
Spending exceeded income by 15% of income.
Income trend
15 of 15
Income rose 9% on the year before.
Spending floor
15 of 15
94% of spending went to programs and raising each dollar of donations cost 0 cents.

Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Fair: 50 out of 100. Higher than 24% of charities in its peer group (education, under $250k).

Independent board
25 of 25
7 of 7 voting board members are independent.
Conflict of interest policy
0 of 15
Reports no written conflict of interest policy.
Whistleblower policy
0 of 8
Reports no written whistleblower policy.
Record keeping policy
0 of 7
Reports no written policy on keeping and destroying records.
Board minutes
5 of 5
Keeps minutes of board meetings.
Board sees the tax return
0 of 10
Did not give the board a copy of this return before filing it.
No reported misuse
10 of 10
Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (1)

$149,276 spent. THE ALMA AREA FOUNDATION CURRENTLY MANAGES MULTIPLE HIGH SCHOOL SCHOLARSHIPS. THESE SCHOLARSHIPS ALLOW US TO MAKE A POSITIVE IMPACT ON THE GRADUATING CLASS AT WABAUNSEE HIGH SCHOOL EACH YEAR. CLASS SIZE AT THE HIGH SCHOOL AVERAGES AROUND 30 STUDENTS. WE ARE ABLE TO PROVIDE SCHOLARSHIPS FOR A NUMBER OF THOSE STUDENTS EACH YEAR. IN ADDITION, WE HAVE THREE OTHER SCHOLARSHIPS THAT WE OFFER TO COLLEGE STUDENTS WHO WERE GRADUATES OF WABAUNSEE HIGH SCHOOL. THE WAY THESE SCHOLARSHIPS ARE STRUCTURED WE ARE ABLE TO FURTHER ASSIST 4-5 COLLEGE STUDENTS EACH YEAR WITH THEIR COLLEGE EXPENSES AS ONE OF THE SCHOLARSHIPS IS RENEWABLE FOR THREE YEARS.DUE TO A BEQUEST LEFT TO THE ALMA AREA FOUNDATION, WE WERE ABLE TO PURCHASE THE BUILDING THAT HOUSES THE LIBRARY IN ALMA. IN DOING SO, WE WERE ABLE TO ENSURE THAT THE LIBRARY WOULD REMAIN INTACT AND CONTINUE TO SERVE THE NEEDS OF ALMA AND THE SURROUNDING AREA.

Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated September 30, 2026.
Are donations tax-deductible? Passed.
On the IRS list of organizations eligible to receive tax-deductible contributions.
Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated September 10, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending December 2025.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since February 1995.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 7, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.