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Nonprofiteer
← SOWERS CLUB OF NEBRASKA FOUNDATION

Form 990 for tax year 2024

Filed by SOWERS CLUB OF NEBRASKA FOUNDATION.

Totals

Total revenue
$283,201
Total expenses
$245,531
Contributions and grants received
$28,700
Grants paid
$102,275
Program service revenue
$20,775
Investment income
$233,701
Other revenue
$25
Total assets, end of year
$3,177,492
Total liabilities, end of year
$7,436
Net assets or fund balances, end of year
$3,170,056
Program services expenses (Part IX)
$102,275
Management and general expenses
$143,256
Fundraising expenses
$0
Program service expenses (Part III)
$102,275

Program services were 41.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1d · Related organizations

    $11,000

  • 1f · All other contributions, gifts and grants

    $17,700

  • 2a · Program service revenue: INTEREST ON PROGRAM LOANS

    total $20,775 · related or exempt $20,775

  • 3 · Investment income

    total $52,698 · excluded $52,698

  • 7a · Gross sales of assets other than inventory

    securities $1,218,493

  • 7b · Less cost or other basis and sales expenses

    securities $1,037,490

  • 7c · Gain or loss

    securities $181,003

  • 7d · Net gain or loss

    total $181,003 · excluded $181,003

  • 11a · Other revenue: MISCELLANEOUS

    total $25 · related or exempt $25

  • 11e · Other revenue, total

    $25

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $87,275 · program services $87,275

  • 2 · Grants to domestic individuals

    total $15,000 · program services $15,000

  • 7 · Other salaries and wages

    total $56,967 · management and general $56,967

  • 10 · Payroll taxes

    total $4,489 · management and general $4,489

  • 11b · Fees: legal

    total $620 · management and general $620

  • 11c · Fees: accounting

    total $15,012 · management and general $15,012

  • 11f · Fees: investment management

    total $28,658 · management and general $28,658

  • 12 · Advertising and promotion

    total $420 · management and general $420

  • 13 · Office expenses

    total $1,190 · management and general $1,190

  • 16 · Occupancy

    total $18,276 · management and general $18,276

  • 19 · Conferences, conventions and meetings

    total $3,738 · management and general $3,738

  • 22 · Depreciation, depletion and amortization

    total $1,144 · management and general $1,144

  • 23 · Insurance

    total $5,867 · management and general $5,867

  • 24a · Other expenses: MISCELLANEOUS

    total $4,519 · management and general $4,519

  • 24b · Other expenses: TELEPHONE

    total $2,356 · management and general $2,356

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $9,878 · end of year $9,879

  • 7 · Other notes and loans receivable

    beginning of year $470,190 · end of year $454,265

  • 10a · Land, buildings and equipment: cost or other basis

    $8,502

  • 10b · Land, buildings and equipment: accumulated depreciation

    $5,386

  • 10c · Land, buildings and equipment, net

    beginning of year $4,260 · end of year $3,116

  • 11 · Investments: publicly traded securities

    beginning of year $2,542,360 · end of year $2,705,368

  • 15 · Other assets

    beginning of year $2,454 · end of year $4,864

  • 17 · Accounts payable and accrued expenses

    beginning of year $6,690 · end of year $7,436

  • 27 · Net assets without donor restrictions

    beginning of year $848,724 · end of year $996,328

  • 28 · Net assets with donor restrictions

    beginning of year $2,173,728 · end of year $2,173,728

Mission and programs · 2024

Mission

TO IMPROVE THE QUALITY OF LIFE IN OUR COMMUNITY & NEBRASKA BY PROVIDING FUNDING FOR A WIDE RANGE OF CHARITABLE GIVING WITH EMPHASIS ON YOUTH, UNDERPRIVILEGED, AND EDUCATION; AND PROVIDING A FISCALLY RESPONSIBLE PROGRAM FOR PROTECTING AND GROWING THE ASSETS OF THE FOUNDATION.

Activities or mission (Part I)

SUPPORT YOUTH PROGRAMS & ACTIVITIES

  • PROVIDE GRANTS TO 501(C)(3) ORGANIZATIONS IN LINCOLN NEBRASKA FOR FUNDING YOUTH PROGRAMS AND ACTIVITIES.

    Expenses $87,275 · Grants $87,275

  • SCHOLARSHIPS TO STUDENTS

    Expenses $15,000 · Grants $15,000

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Dick Stephenson

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Michael Fiene

    VICE PRESIDE

    Total calculated
    $0
    Hours/week
    1

  • Spencer Kunze

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Roger Zajicek

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Bob Flynn

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Todd Long

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Gary Lohse

    MEMBER

    Total calculated
    $0
    Hours/week
    1

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.

Grants 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.

Provenance

Return type
form_990
Tax year
2024
Filed
11 May 2026
IRS schema version
2024v5.0
Source object
202601359349312490

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