Nebraska State Fair 1868 Foundation
- Assets
- $1.3m
- Revenue
- $438.6k
- Investments
- $0.0
- Employees
- 2
- Location
- Lincoln, NE
- Founding
- 06/1994
- Data as of
- 12/2022
- EIN
- 36-3667905
Organization Overview
Nebraska State Fair 1868 Foundation is located in Lincoln, NE. The organization was established in 1994. According to its NTEE Classification (N52) the organization is classified as: Fairs, under the broad grouping of Recreation & Sports and related organizations. As of 12/2022, Nebraska State Fair 1868 Foundation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nebraska State Fair 1868 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 12/2022, Nebraska State Fair 1868 Foundation generated $438.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.9% each year. All expenses for the organization totaled $261.8k during the year ending 12/2022. While expenses have increased by 6.7% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
THE MISSION OF THE NEBRASKA STATE FAIR 1868 FOUNDATION IS TO RAISE FUNDS AND RESOURCES FOR THE OVERALL IMPROVEMENT OF THE NEBRASKA STATE FAIR.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO RAISE FUNDS AND RESOURCES FOR THE OVERALL IMPROVEMENT OF THE NEBRASKA STATE FAIR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lindsey Koepke Executive Di | OfficerTrustee | 40 | $81,454 |
Dustin Beener Director | Trustee | 0.3 | $0 |
Eddie Biwer Director | Trustee | 0.5 | $0 |
Terry Galloway Chairman | OfficerTrustee | 2 | $0 |
Tom Middleton Director | Trustee | 0.5 | $0 |
Bill Oltean Treasurer | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $264,741 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $196,754 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $461,495 |
| Total Program Service Revenue | $0 |
| Investment income | $3,732 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$34,333 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $438,649 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $47,388 |
| 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. | $81,454 |
| Compensation of current officers, directors, key employees. | $20,364 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $8,691 |
| Pension plan accruals and contributions | $2,444 |
| Other employee benefits | $0 |
| Payroll taxes | $6,896 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,199 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $14,388 |
| Office expenses | $13,249 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $9,060 |
| Travel | $8,093 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,729 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,682 |
| All other expenses | $6,985 |
| Total functional expenses | $261,816 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $776,106 |
| Savings and temporary cash investments | $14,169 |
| Pledges and grants receivable | $120,782 |
| 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 | $15,093 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $379,242 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,305,392 |
| Accounts payable and accrued expenses | $4,010 |
| 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 | $612,300 |
| Other liabilities | $0 |
| Total liabilities | $616,310 |
| Net assets without donor restrictions | $375,914 |
| Net assets with donor restrictions | $313,168 |
| 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 | $1,305,392 |
Grants Awarded
Over the last fiscal year, Nebraska State Fair 1868 Foundation has awarded $47,388 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
NEBRASKA STATE FAIR PURPOSE: AKSARBEN GRANT FUND | $24,500 |
NEBRASKA STATE FAIR PURPOSE: FAIR IMPROVEMENTS | $22,888 |