Nonprofit Association Of The Midlands
- Assets
- $2.5m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 9
- Location
- Omaha, NE
- Founding
- 04/1997
- Data as of
- 12/2023
- EIN
- 47-0778684
Organization Overview
Nonprofit Association Of The Midlands is located in Omaha, NE. The organization was established in 1997. According to its NTEE Classification (S50) the organization is classified as: Nonprofit Management, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2023, Nonprofit Association Of The Midlands employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nonprofit Association Of The Midlands 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 12/2023, Nonprofit Association Of The Midlands generated $1.5m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 8.1% each year. All expenses for the organization totaled $1.6m during the year ending 12/2023. While expenses have increased by 14.7% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
WE STRENGTHEN THE COLLECTIVE VOICE, LEADERSHIP, AND CAPACITY OF NONPROFIT ORGANIZATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE WORK TO BUILD LEADERSHIP, CAPACITY, AND INFRASTRUCTURE FOR NONPROFIT ORGANIZATIONS AND SERVE AS THE COLLECTIVE VOICE FOR NONPROFITS OF ALL SIZES AND MISSIONS.
NAM FINANCIAL SERVICES - SUSTAINABLE NONPROFITS PRACTICE SOUND FINANCIAL PRINCIPLES. THE CHALLENGE COMES IN ESTABLISHING SYSTEMS AND, FOR SOME NONPROFITS, MANAGING THEM. NAM'S FINANCIAL SERVICES PROGRAM PROVIDES NAM MEMBERS WITH QUALITY, AFFORDABLE, FEE-FOR-SERVICE FINANCIAL WORK AND ACCOUNTING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Victoria Grasso President-Elect | Trustee | 3 | $0 |
Nate Cacy Director | Trustee | 3 | $0 |
Liz Codina Director | Trustee | 3 | $0 |
Kristine Hull Director | Trustee | 3 | $0 |
Shaun Ilahi Director | Trustee | 3 | $0 |
Jerry O'doherty Treasurer | OfficerTrustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $299,419 |
| Fundraising events | $60,743 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $712,506 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,072,668 |
| Total Program Service Revenue | $409,713 |
| Investment income | $16,998 |
| 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 | $1,509,793 |
| 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. | $124,185 |
| Compensation of current officers, directors, key employees. | $36,603 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $608,500 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $79,250 |
| Payroll taxes | $57,265 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $9,608 |
| Fees for services: Accounting | $25,624 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $6,171 |
| Office expenses | $44,144 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $91,353 |
| 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 | $67,843 |
| Insurance | $17,696 |
| All other expenses | $0 |
| Total functional expenses | $1,636,402 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,430,181 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $321,122 |
| Accounts receivable, net | $25,855 |
| 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 | $19,808 |
| Net Land, buildings, and equipment | $537,442 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $138,426 |
| Total assets | $2,472,834 |
| Accounts payable and accrued expenses | $101,279 |
| Grants payable | $0 |
| Deferred revenue | $187,641 |
| 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 | $299,748 |
| Total liabilities | $588,668 |
| Net assets without donor restrictions | $1,524,859 |
| Net assets with donor restrictions | $359,307 |
| 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 | $2,472,834 |