Nebraska Cultural Endowment

Organization Overview

Nebraska Cultural Endowment is located in Omaha, NE. The organization was established in 1998. According to its NTEE Classification (T50) the organization is classified as: Philanthropy, Charity & Voluntarism Promotion, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2021, Nebraska Cultural Endowment employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nebraska Cultural Endowment 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, Nebraska Cultural Endowment generated $5.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 15.7% each year . All expenses for the organization totaled $1.5m during the year ending 12/2021. While expenses have increased by 6.3% 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, Nebraska Cultural Endowment has awarded 32 individual grants totaling $7,892,248. 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

SUPPORT THE ACTIVITIES OF THE NEBRASKA ARTS COUNCIL AND THE NEBRASKA HUMANITIES COUNCIL DOING BUSINESS AS HUMANITIES NEBRASKA.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE NEBRASKA CULTURAL ENDOWMENT IS THE PRIVATE PARTNER IN A PUBLIC-PRIVATE PARTNERSHIP WITH THE STATE OF NEBRASKA TO SUPPORT THE ARTS AND HUMANITIES IN NEBRASKA. IN 1998, A PUBLIC FUND WAS ESTABLISHED AT THE STATE OF NEBRASKA TO BENEFIT THE PROGRAMS AND PROJECTS OF THE NEBRASKA ARTS COUNCIL AND HUMANITIES NEBRASKA. EACH CONTRIBUTION TO THE CULTURAL ENDOWMENT IS MATCHED BY THE INCOME FROM THE PUBLIC FUND. THE PUBLIC MATCH PROVIDES REAL TIME SUPPORT OF PROGRAMS IN THE ARTS AND HUMANITIES, AND THE PRIVATE CONTRIBUTIONS THAT SERVE TO ACCESS THE MATCH IS ENDOWED FOR FUTURE SUPPORT OF THOSE PROGRAMS.


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Board, Officers & Key Employees

Name (title)Compensation
Kyle Cartwright
Executive Director
$97,619
Melissa Marvin
Secretary
$0
Carey Hamilton
President
$0
Chuck Shoemaker
Treasurer
$0
Rich Vierk
Past President
$0
David Buntain
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $1,752,614
All other contributions, gifts, grants, and similar amounts not included above$1,274,852
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$3,027,466
Total Program Service Revenue$0
Investment income $455,311
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $1,544,229
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $5,027,006

Grants Awarded

Over the last fiscal year, Nebraska Cultural Endowment has awarded $1,189,963 in support to 4 organizations.

Grant RecipientAmount

NEBRASKA ARTS COUNCIL DEVELOPMENT CORPORATION

Org PageRecipient Profile

Omaha, NE

PURPOSE: GENERAL SUPPORT

$655,281

HUMANITIES NEBRASKA

Org PageRecipient Profile

Lincoln, NE

PURPOSE: GENERAL SUPPORT

$381,896

OMAHA SYMPHONY ASSOCIATION

Org PageRecipient Profile

Omaha, NE

PURPOSE: GENERAL SUPPORT

$110,219

Omaha, NE

PURPOSE: GENERAL SUPPORT

$42,567
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Nebraska Cultural Endowment has recieved totaling $20,000.

Awarding OrganizationAmount
Dolezal Family Foundation Charitable Trust

Lincoln, NE

PURPOSE: GENERAL CHARITABLE PURPOSE

$10,000
John C & Catherine S@angle Charitable Trust

Lincoln, NE

PURPOSE: GENERAL CHARITABLE PURPOSE

$10,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$13,945,126
Earnings$2,004,162
Admin Expense$160,000
Net Contributions$1,167,592
Grants$502,463
Ending Balance$16,454,417

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