Downtown Omaha Inc Foundation
- Assets
- $191.7k
- Revenue
- $408.0k
- Investments
- $0.0
- Employees
- 2
- Location
- Omaha, NE
- Founding
- 03/2001
- Data as of
- 06/2022
- EIN
- 31-1752228
Organization Overview
Downtown Omaha Inc Foundation is located in Omaha, NE. The organization was established in 2001. According to its NTEE Classification (A84) the organization is classified as: Commemorative Events, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2022, Downtown Omaha Inc Foundation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Downtown Omaha Inc Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Downtown Omaha Inc Foundation generated $408.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (12.0%) each year. All expenses for the organization totaled $380.6k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (9.1%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORT OF CULTURAL ACTIVITIES IN DOWNTOWN OMAHA, NE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DOWNTOWN OMAHA INC. FOUNDATION COORDINATES THE HOLIDAY LIGHTS FESTIVAL IN DOWNTOWN OMAHA, NE. THIS EVENT ATTRACTS PEOPLE TO THE DOWNTOWN AREA AND PROVIDES OPPORTUNITIES TO SEE THE CULTURAL ACTIVITIES AVAILABLE DOWNTOWN SUCH AS MUSEUMS, THEATERS, AND THE ARTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bob Perrin President | OfficerTrustee | 2 | $0 |
William Seidler Vice Preside | OfficerTrustee | 2 | $0 |
David Carrig Treasurer | OfficerTrustee | 2 | $0 |
Angelyn Wang Executive Di | Trustee | 20 | $0 |
Richard Callahan Executive Di | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $15,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $390,501 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $405,501 |
| Total Program Service Revenue | $0 |
| Investment income | $152 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $2,380 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $408,033 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $57,500 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,690 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $53,526 |
| Office expenses | $684 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,125 |
| All other expenses | $0 |
| Total functional expenses | $380,644 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $72,688 |
| Savings and temporary cash investments | $119,004 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $191,692 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $178,776 |
| Net assets with donor restrictions | $12,916 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $191,692 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Downtown Omaha Inc Foundation has recieved totaling $254,900.
| Awarding Organization | Amount |
|---|---|
Sherwood Foundation Omaha, NE PURPOSE: NORTH & SOUTH OMAHA HOLIDAY LIGHTS | $76,900 |
Robert B Daugherty Foundation Omaha, NE PURPOSE: PROGRAM SUPPORT | $50,000 |
Sherwood Foundation Omaha, NE PURPOSE: 2021 HOLIDAY LIGHTS FESTIVAL | $50,000 |
Robert B Daugherty Foundation Omaha, NE PURPOSE: PROGRAM SUPPORT | $25,000 |
Peter Kiewit Foundation Omaha, NE PURPOSE: TO PROVIDE SUPPORT FOR THE 2021 OMAHA HOLIDAY LIGHTS FESTIVAL. | $25,000 |
The Lozier Foundation Omaha, NE PURPOSE: CHRISTMAS LIGHTS ON 24TH AND LAKE STREETS | $18,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Cheyenne Frontier Days Inc Cheyenne, WY | $31,016,567 | $28,437,784 |
Nebraskaland Days Inc North Platte, NE | $2,435,782 | $2,580,037 |
Jackson Wild Jackson, WY | $581,142 | $871,888 |
Hall County Hero Flight Association Grand Island, NE | $249,554 | $677,110 |
Beef Empire Days Inc Garden City, KS | $86,910 | $587,587 |
Cedar Rapids Freedom Festival Inc Cedar Rapids, IA | $205,362 | $416,931 |
Downtown Omaha Inc Foundation Omaha, NE | $191,692 | $408,033 |
Midwest Honor Flight - Ia & Sd Sioux Center, IA | $806,613 | $920,250 |
Laramie Jubilee Days Inc Laramie, WY | $270,974 | $431,314 |
Higginsville Country Club Higginsville, MO | $447,862 | $283,954 |
Deadwood Alive Inc Deadwood, SD | $182,421 | $262,188 |
Americas Heartland Remembers Inc Saint Louis, MO | $21,971 | $250,163 |