Nebraska Philanthropic Trust
- Assets
- $2.4m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 0
- Location
- Omaha, NE
- Founding
- 05/2019
- Data as of
- 12/2021
- EIN
- 83-2558124
Organization Overview
Nebraska Philanthropic Trust is located in Omaha, NE. The organization was established in 2019. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nebraska Philanthropic Trust 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 Philanthropic Trust generated $1.9m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (23.0%) each year. All expenses for the organization totaled $23.6m during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE INITIAL PURPOSE OF THE ORGANIZATION IS TO ENHANCE THE GENERAL WELFARE OF THE OMAHA METROPOLITAN COMMUNITY BY PROVIDING FINANCIAL SUPPORT TO PUBLIC AND CHARITABLE INSTITUTIONS AND BY ASSISTING IN THE CONSTRUCTION OF FACILITIES WHICH WILL ASSIST IN ACHIEVING THAT GOAL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2019, THE ORGANIZATION ENTERED INTO AN AGREEMENT WITH THE UNIVERSITY OF NEBRASKA TO ASSIST IN THE DEVELOPMENT OF BASEBALL AND SOFTBALL FACILITIES FOR THE STUDENTS AT UNIVERSITY OF NEBRASKA AT OMAHA. UNDER THE AGREEMENT, THE ORGANIZATION HOLDS THE ASSETS OF THE PROJECT UNTIL THE EXPIRATION OR TERMINATION OF THE AGREEMENT AT WHICH TIME THE TITLE TO THE FACILITIES SHALL AUTOMATICALLY VEST IN THE UNIVERSITY. DURING 2021, THE ORGANIZATION TRANSFERRED OWNERSHIP OF THE BASEBALL AND SOFTBALL FACILITIES TO THE UNIVERSITY OF NEBRASKA AT OMAHA AND RECOGNIZED EXPENSE RELATING TO THIS TRANSFER.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Callahan Treasurer | Officer | 2 | $9,295 |
Susan Morris President And Director | OfficerTrustee | 1 | $0 |
Ce Heaney Secretary And Director | OfficerTrustee | 1 | $0 |
Catherine French 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 | $1,885,760 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,885,760 |
| Total Program Service Revenue | $0 |
| Investment income | $26 |
| 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 | $1,885,786 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $23,470,489 |
| 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 | $612 |
| Fees for services: Accounting | $9,295 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $11,700 |
| Advertising and promotion | $0 |
| Office expenses | $146 |
| 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 | $62,835 |
| Interest | $55,118 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $984 |
| All other expenses | $2,499 |
| Total functional expenses | $23,613,678 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $32,589 |
| Savings and temporary cash investments | $4,980 |
| Pledges and grants receivable | $2,372,000 |
| Accounts receivable, net | $6,644 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,416,213 |
| 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 | $2,310,119 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,310,119 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $106,094 |
| 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 | $2,416,213 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Nebraska Philanthropic Trust has recieved totaling $1,640,000.
| Awarding Organization | Amount |
|---|---|
Robert B Daugherty Foundation Omaha, NE PURPOSE: CAPITAL PROJECT | $1,500,000 |
The Hawks Foundation Omaha, NE PURPOSE: SUPPORT ATHLETICS AT UNIVERSITY OF NEBRASKA AT OMAHA | $140,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Veterans United Foundation Columbia, MO | $54,107,159 | $30,165,811 |
Nebraska Philanthropic Trust Omaha, NE | $2,416,213 | $1,885,786 |
Omni Behavioral Health Omaha, NE | $19,278,605 | $23,477,571 |
South Dakota Community Foundation Pierre, SD | $805,282,495 | $215,504,617 |
Stifel Charitable Inc St Louis, MO | $132,307,100 | $94,589,551 |
Amg Charitable Gift Foundation Greenwood Village, CO | $149,608,626 | $31,189,759 |
Faith Charitable Trust Omaha, NE | $0 | $922,113 |
David Lynch Foundation For Consciousness-Based Education And Fairfield, IA | $9,280,358 | $8,736,448 |
Peopleforbikes Foundation Boulder, CO | $3,836,789 | $4,747,548 |
Olathe Health System Inc Olathe, KS | $604,759,622 | $8,223,691 |
Grand Teton National Park Foundation Moose, WY | $17,490,260 | $12,374,107 |
Coxhealth Foundation Springfield, MO | $33,244,463 | $11,374,415 |