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Nonprofiteer
← OMAHA HOME FOR BOYS

Form 990 for tax year 2024

Filed by OMAHA HOME FOR BOYS.

Totals

Total revenue
$10,501,444
Total expenses
$9,276,178
Contributions and grants received
$2,340,827
Grants paid
$177,733
Program service revenue
$1,622,352
Investment income
$6,281,808
Other revenue
$256,457
Total assets, end of year
$88,771,416
Total liabilities, end of year
$1,596,364
Net assets or fund balances, end of year
$87,175,052
Program services expenses (Part IX)
$6,500,727
Management and general expenses
$1,530,360
Fundraising expenses
$1,245,091
Program service expenses (Part III)
$6,500,727

Program services were 70.1% 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.

  • 1a · Federated campaigns

    $102,279

  • 1c · Fundraising events

    $188,846

  • 1e · Government grants (contributions)

    $53,008

  • 1f · All other contributions, gifts and grants

    $1,996,694

  • 1g · Noncash contributions included above

    $231,221

  • 2a · Program service revenue: CLINICAL SERVICES

    total $722,072 · related or exempt $722,072

  • 2b · Program service revenue: RESIDENTIAL GROUP HOME

    total $714,284 · related or exempt $714,284

  • 2c · Program service revenue: SELF SUFFICIENCY SERVICES

    total $185,996 · related or exempt $185,996

  • 3 · Investment income

    total $2,041,932 · excluded $2,041,932

  • 6a · Gross rents

    real property $299,399

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $299,399

  • 6d · Net rental income or loss

    total $299,399 · excluded $299,399

  • 7a · Gross sales of assets other than inventory

    securities $36,711,893 · other assets $13,436

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

    securities $32,485,453 · other assets $0

  • 7c · Gain or loss

    securities $4,226,440 · other assets $13,436

  • 7d · Net gain or loss

    total $4,239,876 · excluded $4,239,876

  • 8a · Fundraising events: gross income

    $101,821

  • 8a · Fundraising events: contributions included on line 1c

    $188,846

  • 8b · Fundraising events: direct expenses

    $163,691

  • 8c · Net income from fundraising events

    total -$61,870 · excluded -$61,870

  • 11a · Other revenue: MISCELLANEOUS

    total $18,928 · related or exempt $18,928

  • 11e · Other revenue, total

    $18,928

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $177,733 · program services $177,733

  • 5 · Compensation of officers, directors and key employees

    total $301,938 · management and general $252,712 · fundraising $49,226

  • 7 · Other salaries and wages

    total $3,839,012 · program services $3,154,431 · management and general $328,113 · fundraising $356,468

  • 8 · Pension plan contributions

    total $130,546 · program services $77,750 · management and general $33,981 · fundraising $18,815

  • 9 · Other employee benefits

    total $625,313 · program services $477,116 · management and general $79,728 · fundraising $68,469

  • 10 · Payroll taxes

    total $295,014 · program services $227,192 · management and general $39,812 · fundraising $28,010

  • 11b · Fees: legal

    total $9,215 · management and general $9,215

  • 11c · Fees: accounting

    total $50,413 · management and general $50,413

  • 11f · Fees: investment management

    total $201,375 · management and general $201,375

  • 11g · Fees: other

    total $135,660 · program services $113,047 · management and general $12,196 · fundraising $10,417

  • 12 · Advertising and promotion

    total $454,002 · program services $36,081 · management and general $4,331 · fundraising $413,590

  • 13 · Office expenses

    total $238,406 · program services $18,134 · management and general $4,181 · fundraising $216,091

  • 16 · Occupancy

    total $448,871 · program services $372,975 · management and general $73,698 · fundraising $2,198

  • 17 · Travel

    total $38,624 · program services $15,414 · management and general $17,963 · fundraising $5,247

  • 22 · Depreciation, depletion and amortization

    total $1,067,847 · program services $784,622 · management and general $267,259 · fundraising $15,966

  • 23 · Insurance

    total $230,753 · program services $203,063 · management and general $11,537 · fundraising $16,153

  • 24a · Other expenses: EQUIPMENT AND MAINTENAN

    total $558,445 · program services $483,160 · management and general $57,186 · fundraising $18,099

  • 24b · Other expenses: YOUTH DIRECT CARE

    total $301,263 · program services $301,263

  • 24c · Other expenses: MISCELLANEOUS

    total $149,119 · program services $45,729 · management and general $80,647 · fundraising $22,743

  • 24d · Other expenses: PROFESSIONAL DEVELOPMEN

    total $22,629 · program services $13,017 · management and general $6,013 · fundraising $3,599

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $486,860 · end of year $751,213

  • 2 · Savings and temporary cash investments

    beginning of year $890,611 · end of year $956,921

  • 3 · Pledges and grants receivable

    beginning of year $171,869 · end of year $131,250

  • 4 · Accounts receivable

    beginning of year $266,745 · end of year $317,239

  • 9 · Prepaid expenses and deferred charges

    beginning of year $146,926 · end of year $168,181

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

    $42,846,838

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

    $26,660,131

  • 10c · Land, buildings and equipment, net

    beginning of year $16,945,573 · end of year $16,186,707

  • 11 · Investments: publicly traded securities

    beginning of year $58,762,026 · end of year $59,104,069

  • 12 · Investments: other securities

    beginning of year $3,503,134 · end of year $3,509,698

  • 15 · Other assets

    beginning of year $7,169,167 · end of year $7,646,138

  • 17 · Accounts payable and accrued expenses

    beginning of year $445,997 · end of year $519,550

  • 19 · Deferred revenue

    beginning of year $738,620 · end of year $727,940

  • 25 · Other liabilities

    beginning of year $350,987 · end of year $348,874

  • 27 · Net assets without donor restrictions

    beginning of year $77,904,975 · end of year $78,101,444

  • 28 · Net assets with donor restrictions

    beginning of year $8,902,332 · end of year $9,073,608

Mission and programs · 2024

Mission

THE MISSION OF THE OMAHA HOME FOR BOYS IS TO SUPPORT AND STRENGTHEN YOUTH, YOUNG ADULTS, AND FAMILIES THROUGH SERVICES THAT INSPIRE AND EQUIP THEM TO LEAD INDEPENDENT AND PRODUCTIVE LIVES.

Activities or mission (Part I)

SUPPORT AND STRENGTHEN YOUTH AND FAMILIES.

  • RESIDENTIAL LIVINGOHB'S RESIDENTIAL LIVING PROGRAM SERVES HIGH SCHOOL AGE BOYS, PROVIDING THEM WITH A SAFE, STABLE ENVIRONMENT WHERE THEY LIVE, LEARN AND GROW TO BECOME PRODUCTIVE, INDEPENDENT ADULTS. YOUTH IN THE PROGRAM LIVE ON OHB'S MAIN CAMPUS AND ATTEND THE OHB SCHOOL WHILE ALSO HAVING ACCESS TO THERAPY, EMPLOYMENT OPPORTUNITIES, RECREATION AND OTHER SUPPORT SERVICES. BEHAVIORALLY-BASED CURRICULUM IS USED TO HELP YOUTH LEARN LIFE SKILLS, DEVELOP POSITIVE BEHAVIORS AND ADVANCE ACADEMICALLY.

    Expenses $2,580,018 · Revenue $733,212

  • SELF-SUFFICIENCY SERVICESOHB'S SELF-SUFFICIENCY SERVICES INCLUDE TRANSITIONAL LIVING, INDEPENDENT LIVING, AND SUPPORTIVE COMMUNITY LIVING. THESE PROGRAMS AID YOUNG ADULTS WHO ARE OFTEN LIVING IN A STATE OF CRISIS. YOUTH WORK WITH OHB STAFF TO DEVELOP THE SKILLS AND CONFIDENCE NEEDED TO LIVE INDEPENDENT, PRODUCTIVE LIVES. AREAS OF SUPPORT INCLUDE: HOUSING, EDUCATION, EMPLOYMENT, TRANSPORTATION, HEALTH & WELLNESS, AND BASIC LIFE SKILLS. SAFE, AFFORDABLE LIVING SPACES ARE PROVIDED FOR CLENTS IN THE TRANSITIONAL LIVING AND SUPPORTIVE COMMUNITY LIVING PROGRAMS WHILE YOUNG ADULTS IN THE INDEPENDENT LIVING PROGRAM LIVE ON THEIR OWN IN THE COMMUNITY.

    Expenses $1,887,701 · Grants $177,733 · Revenue $185,996

  • OHB'S CLINICAL SERVICES PROGRAM OFFERS A NUMBER OF BEHAVIORAL HEALTH, MENTAL HEALTH AND SUBSTANCE ABUSE SERVICES THAT ARE BOTH TRAUMA-FOCUSED AND STRENGTHS-BASED. SERVICES OFFERED PLACE A HIGH EMPHASIS ON EDUCATION, PRACTICE, AND DEVELOPMENT OF NEW SKILLS TO HELP INDIVIDUALS ACHIEVE GOALS. THE CLINICAL SERVICES PROGRAM EXPANDS BEYOND OHB'S YOUTH TO SERVE OTHER YOUTH AND FAMILIES IN THE COMMUNITY.

    Expenses $2,033,008 · Revenue $722,072

As filed on the 2024 return.

Listed in Part VII

  • Rebecca Atkins

    CHAIRPERSON

    Total calculated
    $0
    Hours/week
    3
  • Serenna Russell

    VICE CHAIRPERSON

    Total calculated
    $0
    Hours/week
    3
  • Jason Gustafson

    TREASURER

    Total calculated
    $0
    Hours/week
    3
  • Victor Baez

    SECRETARY

    Total calculated
    $0
    Hours/week
    3
  • Dustin Johnson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Freddie Clopton

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Micah Evans

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • David Gibbs

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Michael Wilcoxen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Lisa Sterba

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Janis Yergan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Jeffrey Dewispelare

    PRESIDENT & CEO

    Total calculated
    $259,214
    From this org
    $196,904
    From related orgs
    $0
    Other
    $62,310
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $182,792
    Bonus
    $14,112
    Other
    $0
    Deferred
    $21,118
    Nontaxable benefits
    $41,192
    Filer's total
    $259,214
  • Melanie McCain

    CHIEF FINANCIAL OFFICER

    Total calculated
    $144,220
    From this org
    $105,034
    From related orgs
    $0
    Other
    $39,186
    Hours/week
    50
  • Brandy Gustoff

    CHIEF OPERATING OFFICER

    Total calculated
    $152,520
    From this org
    $128,447
    From related orgs
    $0
    Other
    $24,073
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $128,285
    Bonus
    $162
    Other
    $0
    Deferred
    $10,519
    Nontaxable benefits
    $13,554
    Filer's total
    $152,520

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

  • 3 · Compensation committee
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 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

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.

  • OMAHA HOME FOR BOYS FOUNDATION

    501(C)(3) · MANAGE AN INVESTMENT FUND TO BENEFIT AND SUPPORT THE OMAHA HOME FOR BOYS · NE · controlled entity

    Directly controlled by THE OMAHA HOME FOR BOYS

Provenance

Return type
form_990
Tax year
2024
Filed
18 July 2025
IRS schema version
2024v5.2
Source object
202502039349301430

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