Mid Nebraska Community Foundation Inc
- Assets
- $35.7m
- Revenue
- $6.5m
- Investments
- $0.0
- Employees
- 5
- Location
- North Platte, NE
- Founding
- 11/1978
- Data as of
- 05/2022
- EIN
- 47-0604965
Organization Overview
Mid Nebraska Community Foundation Inc is located in North Platte, NE. The organization was established in 1978. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 05/2022, Mid Nebraska Community Foundation Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mid Nebraska Community Foundation Inc 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 05/2022, Mid Nebraska Community Foundation Inc generated $6.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.2% each year . All expenses for the organization totaled $2.8m during the year ending 05/2022. While expenses have increased by 7.3% 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.
Since 2015, Mid Nebraska Community Foundation Inc has awarded 324 individual grants totaling $8,011,004. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO SERVE CHARITABLE PEOPLE AND WORTHY CAUSES IN THIS REGION, NOT BY RUNNING SPECIFIC PROGRAMS OURSELVES, BUT BY SUPPORTING OTHER NON-PROFIT ORGANIZATIONS THAT DO. ALSO TO PROVIDE SCHOLARSHIPS TO STUDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS FOR COMMUNITY IMPROVEMENTS, EDUCATION, ARTS AND CULTURE, ENVIRONMENT, HEALTH AND HUMAN SERVICE PROJECTS.
SCHOLARSHIPS FOR AREA STUDENTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eric Seacrest Executive Di | Officer | 40 | $102,640 |
Maris Schad Secretary/tr | OfficerTrustee | $0 | |
Joe Staroska Vice Preside | OfficerTrustee | $0 | |
Alan J Erickson President | OfficerTrustee | $0 | |
Leanne Anderson Director | Trustee | $0 | |
Amy Engel Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,858,355 |
| Noncash contributions included in lines 1a–1f | $643,128 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,858,355 |
| Total Program Service Revenue | $0 |
| Investment income | $1,572,951 |
| 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 | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,460,708 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,129,774 |
| Grants and other assistance to domestic individuals. | $253,701 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $102,640 |
| Compensation of current officers, directors, key employees. | $30,792 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $85,474 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $22,158 |
| Payroll taxes | $14,297 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $23,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $7,874 |
| Office expenses | $6,749 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $23,061 |
| 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 | $4,933 |
| Insurance | $6,918 |
| All other expenses | $15,059 |
| Total functional expenses | $2,765,873 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $100 |
| Savings and temporary cash investments | $1,181,593 |
| 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 | $24,640 |
| Investments—publicly traded securities | $34,504,389 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $35,710,722 |
| 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 | $9,072,301 |
| Total liabilities | $9,072,301 |
| Net assets without donor restrictions | $2,118,967 |
| Net assets with donor restrictions | $24,519,454 |
| 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 | $35,710,722 |
Grants Awarded
Over the last fiscal year, Mid Nebraska Community Foundation Inc has awarded $1,357,035 in support to 54 organizations.
| Grant Recipient | Amount |
|---|---|
CITY OF NORTH PLATTE PURPOSE: PUBLIC PROJECTS | $392,504 |
Kansas City, MO PURPOSE: CHARITABLE FUNDING | $148,732 |
Grand Island, NE PURPOSE: CHURCH OPERATIONS | $80,000 |
North Platte, NE PURPOSE: BUILDING RENOVATION | $52,693 |
North Platte, NE PURPOSE: EMERGENCY ROOM | $49,550 |
North Platte, NE PURPOSE: EDUCATION | $41,745 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Mid Nebraska Community Foundation Inc has recieved totaling $50,050.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $15,000 |
North Platte Nebraska Hospital Corporation North Platte, NE PURPOSE: COMMUNITY BUILD PARK | $15,000 |
Union Pacific Foundation Omaha, NE PURPOSE: OUTDOOR RECREATION AND EDUCATION | $10,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $10,000 |
Land O L Foundation St Paul, MN PURPOSE: DOLLARS FOR DOERS | $50 |
Endowment Analysis
| Beg. Balance | $23,118,284 |
| Earnings | -$1,374,637 |
| Admin Expense | $321,058 |
| Net Contributions | $3,710,135 |
| Grants | $1,806,283 |
| Ending Balance | $23,326,441 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Aspen Community Foundation Basalt, CO | $62,511,754 | $28,301,426 |
Jewish Community Foundation Of Greater Kansas City Overland Park, KS | $291,884,746 | $15,071,209 |
Impact Charitable Denver, CO | $10,724,494 | $21,202,015 |
Greater Salina Community Foundation Salina, KS | $322,187,245 | $17,442,186 |
Quad Cities Community Foundation Bettendorf, IA | $165,771,747 | $15,098,956 |
Greater Manhattan Community Foundation Manhattan, KS | $138,440,801 | $66,806,194 |
Jewishcolorado Denver, CO | $81,767,824 | $13,645,129 |
Greater Cedar Rapids Community Foundation Cedar Rapids, IA | $223,368,352 | $26,493,454 |
The Community Foundation Boulder, CO | $79,799,287 | $19,282,047 |
Wyoming Community Foundation Laramie, WY | $214,898,852 | $21,534,093 |
St Louis Community Foundation St Louis, MO | $112,098,850 | $20,148,169 |
Community Foundation Of Northern Colorado Fort Collins, CO | $185,330,639 | $37,336,720 |