Skip to content
Nonprofiteer
← NEBRASKA INNOVATION CAMPUS DEVELOPMENT CORPORATION

Form 990 for tax year 2023

Filed by NEBRASKA INNOVATION CAMPUS DEVELOPMENT CORPORATION.

Totals

Total revenue
$2,795,045
Total expenses
$3,818,714
Contributions and grants received
$300,000
Grants paid
$0
Program service revenue
$0
Investment income
$26,631
Other revenue
$2,468,414
Total assets, end of year
$5,330,100
Total liabilities, end of year
$5,351,298
Net assets or fund balances, end of year
-$21,198
Program services expenses (Part IX)
$3,600,737
Management and general expenses
$217,977
Fundraising expenses
$0
Program service expenses (Part III)
$3,600,737

Program services were 94.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • Michael Zeleny

    Treasurer

    Total calculated
    $417,922
    From this org
    $0
    From related orgs
    $357,916
    Other
    $60,006
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $357,379 related
    Bonus
    $0
    Other
    $0 + $537 related
    Deferred
    $0 + $29,584 related
    Nontaxable benefits
    $0 + $30,422 related
    Filer's total
    $0 + $417,922 related

  • Rodney Bennett

    Chairman

    Total calculated
    $871,378
    From this org
    $0
    From related orgs
    $808,322
    Other
    $63,056
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $803,392 related
    Bonus
    $0
    Other
    $0 + $4,930 related
    Deferred
    $0 + $38,400 related
    Nontaxable benefits
    $0 + $24,656 related
    Filer's total
    $0 + $871,378 related

  • Dana Bradford

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Larry Miller

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Matt Williams

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Michael Boehm

    Board Member

    Total calculated
    $421,643
    From this org
    $0
    From related orgs
    $375,018
    Other
    $46,625
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $374,657 related
    Bonus
    $0
    Other
    $0 + $361 related
    Deferred
    $0 + $24,783 related
    Nontaxable benefits
    $0 + $21,842 related
    Filer's total
    $0 + $421,643 related

  • Preeta Banasal

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Robert Wilhelm

    Board Member (THRU 10/2023)

    Total calculated
    $404,521
    From this org
    $0
    From related orgs
    $361,968
    Other
    $42,553
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $360,914 related
    Bonus
    $0
    Other
    $0 + $1,054 related
    Deferred
    $0 + $24,769 related
    Nontaxable benefits
    $0 + $17,784 related
    Filer's total
    $0 + $404,521 related

  • Sherri Jones

    Vice Chancellor

    Total calculated
    $690,129
    From this org
    $0
    From related orgs
    $593,413
    Other
    $96,716
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $592,304 related
    Bonus
    $0
    Other
    $0 + $1,109 related
    Deferred
    $0 + $48,768 related
    Nontaxable benefits
    $0 + $47,948 related
    Filer's total
    $0 + $690,129 related

  • Tom Henning

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Tonn Ostergard

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Vishal Singh

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Kate Engel

    Executive Director/Secretary

    Total calculated
    $176,269
    From this org
    $0
    From related orgs
    $155,142
    Other
    $21,127
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $142,086 related
    Bonus
    $0 + $12,947 related
    Other
    $0 + $109 related
    Deferred
    $0 + $12,655 related
    Nontaxable benefits
    $0 + $8,472 related
    Filer's total
    $0 + $176,269 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 5a · Pay contingent on this organization's revenues

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation
UNIVERSITY OF NEBRASKA'S COMPENSATION COMMITTEE APPROVES THE COMPENSATION AND BENEFITS OF NICDC'S EXECUTIVE DIRECTOR.
Schedule J, Part I, Line 5a Compensation contingent on revenues of the organization
Nebraska Innovation Campus Development Corporation (NICDC) provides a bonus for Kate Engel based on quantitative and qualitative metrics for the year; including number of start-up companies formed and critically-assisted, advancement of strategic partnerships, funding for infrastructure, internships and training programs established, development of partners and champions, and outside industry sponsorship. The metric contingent upon revenue is a relatively small determinant in the overall review process.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • HD GROUP LLC

    Unrelated · HEALTHCARE TE · NE · share of income $0 · share of assets $0

    Directly controlled by UNMC SRF

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • NE ENTERPRISES INC

    C Corporation · BIO TECH · NE · share of income $0 · share of assets $0

    Directly controlled by UNIV TECH

Provenance

Return type
form_990
Tax year
2023
Filed
5 February 2025
IRS schema version
2023v6.0
Source object
202530369349300123

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.