Omaha Development Foundation
- Assets
- $3.0m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Omaha, NE
- Founding
- 12/1983
- Data as of
- 12/2021
- EIN
- 47-0629134
Organization Overview
Omaha Development Foundation is located in Omaha, NE. The organization was established in 1983. According to its NTEE Classification (P40) the organization is classified as: Family Services, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Omaha Development 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 12/2021, Omaha Development Foundation generated $1.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 36.4% each year . All expenses for the organization totaled $322.7k during the year ending 12/2021. While expenses have increased by 21.6% 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 2019, Omaha Development Foundation has awarded 11 individual grants totaling $715,250. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
REDEVELOPMENT OF THE OMAHA METROPOLITAN AREA
Describe the Organization's Program Activity:
ALL ACTIVITIES ARE IN CONNECTION WITH THE PROMOTION OF OMAHA WELFARE AND TO LESSEN THE BURDENS OF GOVERNMENT. PROFITS FROM PROGRAMS AND PROJECTS ARE USED FOR THE REDEVELOPMENT OF THE OMAHA METROPOLITAN AREA.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tim Burke Chairman | OfficerTrustee | 1 | $0 |
Mike Mccarthy Treasurer | OfficerTrustee | 1 | $0 |
Todd Johnson Executive Director | OfficerTrustee | 1 | $0 |
David Brown Secretary | OfficerTrustee | 1 | $0 |
Bruce Grewcock Director | Trustee | 1 | $0 |
Jerry Crouse Director | Trustee | 1 | $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 | $1,230,500 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,230,500 |
| Total Program Service Revenue | $0 |
| Investment income | $227 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $41,994 |
| 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 | $1,272,721 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $230,250 |
| 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 | $0 |
| Fees for services: Legal | $7,524 |
| Fees for services: Accounting | $12,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $9,255 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| 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 | $4,436 |
| All other expenses | $145 |
| Total functional expenses | $322,743 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $864,655 |
| 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 | $2,107,682 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,972,337 |
| 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 | $2,269,220 |
| Net assets with donor restrictions | $703,117 |
| 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 | $2,972,337 |
Grants Awarded
Over the last fiscal year, Omaha Development Foundation has awarded $230,250 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
Omaha, NE PURPOSE: CONTRIBUTION TO PROSPER OMAHA CAMPAIGN - MILITARY PROGRAM SUPPORT VIA ROBERT | $100,000 |
Council Bluffs, IA PURPOSE: SMALL BUSINESS & ENTREPRENEURIAL DEVELOPMENT FOR SOUTHWEST IOWA VIA IOWA WES | $75,000 |
Omaha, NE PURPOSE: CARES ACT FUNDING FOR ECONOMIC DEVELOPMENT ORGANIZATIONS | $11,050 |
Council Bluffs, IA PURPOSE: CARES ACT FUNDING FOR ECONOMIC DEVELOPMENT ORGANIZATIONS | $11,050 |
Omaha, NE PURPOSE: CARES ACT FUNDING FOR ECONOMIC DEVELOPMENT ORGANIZATIONS | $11,050 |
Omaha, NE PURPOSE: CARES ACT FUNDING FOR ECONOMIC DEVELOPMENT ORGANIZATIONS | $11,050 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Omaha Development Foundation has recieved totaling $1,225,000.
| Awarding Organization | Amount |
|---|---|
Greater Omaha Chamber Foundation Omaha, NE PURPOSE: TO SUPPORT THE NORTH DOWNTOWN TRUCK ROUTE PROJECT | $1,000,000 |
Robert B Daugherty Foundation Omaha, NE PURPOSE: PROGRAM SUPPORT | $100,000 |
Iowa West Foundation Council Bluffs, IA PURPOSE: ENTREPRENEURIAL DEVELOPMENT FOR SOUTHWEST IOWA | $75,000 |
Iowa West Foundation Council Bluffs, IA PURPOSE: ENTREPRENEURIAL DEVELOPMENT FOR SOUTHWEST IOWA | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Four Oaks Family And Childrens Services Cedar Rapids, IA | $51,493,738 | $61,152,053 |
Heartland Family Service Omaha, NE | $53,515,624 | $48,475,527 |
Lutheran Family Services Of Ne Inc Omaha, NE | $16,776,324 | $32,438,407 |
Jewish Family Service Of Colorado Inc Denver, CO | $18,376,862 | $21,411,164 |
Hillcrest Family Services Dubuque, IA | $25,783,146 | $22,464,986 |
Youth & Family Services Inc Rapid City, SD | $17,926,215 | $14,125,472 |
The Family Conservancy Kansas City, KS | $10,144,055 | $14,371,402 |
Academie Lafayette Kansas City, MO | $17,489,585 | $15,520,106 |
Epworth Children & Family Services Inc Saint Louis, MO | $25,361,313 | $12,399,724 |
Family Service Association Of Lincoln Lincoln, NE | $8,898,158 | $11,846,969 |
Community Action Partnership Of Greater St Joseph St Joseph, MO | $9,745,975 | $10,171,417 |
Womens Center For Advancement Omaha, NE | $13,125,965 | $5,924,941 |