Lute Family Foundation Inc

Ogallala, NE
Tax-exempt since Feb. 2002
EIN: 47-0785813

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Type of Nonprofit

Designated as a 501(c)(3) Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Recreation, Sports, Leisure, Athletics N.E.C. (NTEE)

Donations to this organization are tax deductible.

Revenue

$57.1k (2024)

Expenses

$65.6k (2024)

Total Assets

$676k (2024)

Total Liabilities

$0 (2024)

Source: Form 990 tax filings from 2011 to 2024

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2024

Revenue

$57,084

Expenses

$65,594

Net Income

-$8,510

Net Assets

$676,426

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$758	1.3%
Dividends	$17,647	30.9%
Sales of Assets	$38,679	67.8%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$44,737	68.2%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$676,426
Total Liabilities	$0
Net Assets	$676,426

Compensation

Key Employees and Officers	Compensation	Other
Richard M Bourque (Director/Man)	$0	$0
James Korth (Director)	$0	$0
Kathy Lute (Director)	$0	$0

990-PF

Filed on Sept. 5, 2025

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2023

Revenue

$22,526

Expenses

$71,381

Net Income

-$48,855

Net Assets

$683,727

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$532	2.4%
Dividends	$21,200	94.1%
Sales of Assets	$794	3.5%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$44,261	62.0%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$683,727
Total Liabilities	$0
Net Assets	$683,727

Compensation

Key Employees and Officers	Compensation	Other
Richard M Bourque (Director/Man)	$0	$0
James Korth (Director)	$0	$0
Kathy Lute (Director)	$0	$0

990-PF

Filed on July 22, 2024

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Fiscal Year Ending Dec.
2022

Revenue

$74,241

Expenses

$191,596

Net Income

-$117,355

Net Assets

$707,690

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$272	0.4%
Dividends	$18,856	25.4%
Sales of Assets	$55,113	74.2%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$150,930	78.8%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$707,690
Total Liabilities	$0
Net Assets	$707,690

Compensation

Key Employees and Officers	Compensation	Other
Richard M Bourque (Director/Man)	$0	$0
James Korth (Director)	$0	$0
Kathy Lute (Director)	$0	$0

990-PF

Filed on Nov. 13, 2023

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2021

Revenue

$82,782

Expenses

$266,104

Net Income

-$183,322

Net Assets

$906,031

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$17,586	21.2%
Interest Revenue	$183	0.2%
Dividends	$36,335	43.9%
Sales of Assets	$28,678	34.6%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$220,399	82.8%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$906,031
Total Liabilities	$0
Net Assets	$906,031

Compensation

Key Employees and Officers	Compensation	Other
Richard M Bourque (Director/Man)	$0	$0
James Korth (Director)	$0	$0
Kathy Lute (Director)	$0	$0

990-PF

Filed on Aug. 3, 2022

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2020

Revenue

$51,908

Expenses

$160,782

Net Income

-$108,874

Net Assets

$1,084,080

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$205	0.4%
Dividends	$23,246	44.8%
Sales of Assets	$28,457	54.8%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$110,924	69.0%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,084,081
Total Liabilities	$1
Net Assets	$1,084,080

Compensation

Key Employees and Officers	Compensation	Other
Richard M Bourque (Director/Manager)	$0	$0
James Korth (Director)	$0	$0
Kathy Lute (Director)	$0	$0

990-PF

Filed on July 16, 2021

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2019

Revenue

$85,085

Expenses

$473,629

Net Income

-$388,544

Net Assets

$1,157,009

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$1	0.0%
Interest Revenue	$740	0.9%
Dividends	$15,176	17.8%
Sales of Assets	$69,168	81.3%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$412,545	87.1%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,157,010
Total Liabilities	$1
Net Assets	$1,157,009

Compensation

Key Employees and Officers	Compensation	Other
Richard M Bourque (Director/Manager)	$0	$0
James Korth (Director)	$0	$0
Kathy Lute (Director)	$0	$0

990-PF

Filed on Nov. 2, 2020

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2018

Revenue

$1,265,509

Expenses

$348,011

Net Income

$917,498

Net Assets

$1,509,485

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$26,000	2.1%
Interest Revenue	$6,496	0.5%
Dividends	$18,383	1.5%
Sales of Assets	$1,014,343	80.2%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$255,462	73.4%
Compensation of Officers*	$1,500	0.4%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,509,485
Total Liabilities	$0
Net Assets	$1,509,485

Compensation

Key Employees and Officers	Compensation	Other
Richard M Bourque (Director/Manager)	$0	$0
James Korth (Director)	$0	$0
Kathy Lute (Director)	$0	$0

990-PF

Filed on Oct. 16, 2019

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2017

Revenue

$168,401

Expenses

$242,722

Net Income

-$74,321

Net Assets

$664,191

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$18,200	10.8%
Interest Revenue	$9,604	5.7%
Dividends	$9,865	5.9%
Sales of Assets	$44,352	26.3%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$143,741	59.2%
Compensation of Officers*	$6,000	2.5%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$797,933
Total Liabilities	$133,742
Net Assets	$664,191

Compensation

Key Employees and Officers	Compensation	Other
Richard M Bourque (Director/Manager)	$6,000	$0
Blake Edwards (Director)	$0	$0
Kathy Lute (Director)	$0	$0

990-PF

Filed on Nov. 9, 2018

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2016

Revenue

$194,914

Expenses

$264,071

Net Income

-$69,157

Net Assets

$706,483

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$29,500	15.1%
Interest Revenue	$10,545	5.4%
Dividends	$23,882	12.3%
Sales of Assets	$11,003	5.6%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$72,467	27.4%
Compensation of Officers*	$6,000	2.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$855,489
Total Liabilities	$149,006
Net Assets	$706,483

Compensation

Key Employees and Officers	Compensation	Other
Richard M Bourque (Director/Manager)	$6,000	$0
Blake Edwards (Director)	$0	$0
Kathy Lute (Director)	$0	$0

990-PF

Filed on Nov. 7, 2017

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2015

Revenue

$193,324

Expenses

$261,648

Net Income

-$68,324

Net Assets

$746,649

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$17,500	9.1%
Interest Revenue	$11,499	5.9%
Dividends	$29,090	15.0%
Sales of Assets	$7,036	3.6%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$107,508	41.1%
Compensation of Officers*	$6,000	2.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$910,125
Total Liabilities	$163,476
Net Assets	$746,649

Compensation

Key Employees and Officers	Compensation	Other
Richard M Bourque (Director/Manager)	$6,000	$0
Blake Edwards (Director)	$0	$0
Kathy Lute (Director)	$0	$0

990-PF

Filed on Nov. 15, 2016

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2014

Revenue

$203,145

Expenses

$236,049

Net Income

-$32,904

Net Assets

$855,088

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$25,000	12.3%
Interest Revenue	$12,391	6.1%
Dividends	$19,139	9.4%
Sales of Assets	$39,850	19.6%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$77,979	33.0%
Compensation of Officers*	$6,000	2.5%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,032,279
Total Liabilities	$177,191
Net Assets	$855,088

Compensation

Key Employees and Officers	Compensation	Other
Richard M Bourque (Director/Manager)	$6,000	$0
Blake Edwards (Director)	$0	$0
Kathy Lute (Director)	$0	$0

990-PF

Filed on Aug. 6, 2015

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2013

Revenue

$159,757

Expenses

$306,554

Net Income

-$146,797

Net Assets

$881,035

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$13,238	8.3%
Dividends	$19,936	12.5%
Sales of Assets	$15,579	9.8%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$165,968	54.1%
Compensation of Officers*	$6,000	2.0%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,071,227
Total Liabilities	$190,192
Net Assets	$881,035

Compensation

Key Employees and Officers	Compensation	Other
Richard M Bourque (Director/Manager)	$6,000	$0
Blake Edwards (Director)	$0	$0
Kathy Lute (Director)	$0	$0

990-PF

Filed on Aug. 12, 2014

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2012

Revenue

$184,865

Expenses

$265,747

Net Income

-$80,882

Net Assets

$885,460

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$24,000	13.0%
Interest Revenue	$13,844	7.5%
Dividends	$23,426	12.7%
Sales of Assets	$603	0.3%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$105,050	39.5%
Compensation of Officers*	$6,607	2.5%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,087,543
Total Liabilities	$202,083
Net Assets	$885,460

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Revenue

$145,666

Expenses

$196,520

Net Income

-$50,854

Net Assets

$875,188

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$14,520	10.0%
Dividends	$23,838	16.4%
Sales of Assets	$2,093	1.4%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$55,093	28.0%
Compensation of Officers*	$15,275	7.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,087,770
Total Liabilities	$212,582
Net Assets	$875,188

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

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Updated January 26, 2026

Lute Family Foundation Inc

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $57.1k (2024)

Expenses $65.6k (2024)

Total Assets $676k (2024)

Total Liabilities $0 (2024)

Tax Filings by Year

Fiscal Year Ending Dec. 2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

Revenue

$57.1k (2024)

Expenses

$65.6k (2024)

Total Assets

$676k (2024)

Total Liabilities

$0 (2024)

Fiscal Year Ending Dec.
2024

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2015

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2013

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2011

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