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Nonprofiteer
← YFC INC

Form 990 for tax year 2024

Filed by YFC INC.

Totals

Total revenue
$1,138,736
Total expenses
$1,027,518
Contributions and grants received
$605,372
Grants paid
$0
Program service revenue
$526,969
Investment income
$2,895
Other revenue
$3,500
Total assets, end of year
$232,856
Total liabilities, end of year
$3,429
Net assets or fund balances, end of year
$229,427
Program services expenses (Part IX)
$988,855
Management and general expenses
$38,663
Fundraising expenses
$0
Program service expenses (Part III)
$988,855

Program services were 96.2% 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.

  • 1f · All other contributions, gifts and grants

    $605,372

  • 2a · Program service revenue: MUSIC FESTIVAL

    total $526,969 · related or exempt $526,969

  • 3 · Investment income

    total $2,895 · excluded $2,895

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $3,500 · excluded $3,500

  • 11e · Other revenue, total

    $3,500

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $31,976 · management and general $31,976

  • 11b · Fees: legal

    total $28 · management and general $28

  • 11c · Fees: accounting

    total $6,139 · management and general $6,139

  • 12 · Advertising and promotion

    total $72,350 · program services $72,350

  • 23 · Insurance

    total $26,951 · program services $26,951

  • 24a · Other expenses: ARTIST FEES

    total $489,722 · program services $489,722

  • 24b · Other expenses: PRODUCTION EXPENSE

    total $249,220 · program services $249,220

  • 24c · Other expenses: CONTRACTORS

    total $79,908 · program services $79,908

  • 24d · Other expenses: REIMBURSABLE EXPENSES

    total $35,211 · program services $35,211

  • 24e · All other expenses

    total $36,013 · program services $35,493 · management and general $520

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $25,203 · end of year $125,337

  • 2 · Savings and temporary cash investments

    beginning of year $94,098 · end of year $107,519

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

    $4,310

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

    $4,310

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $1,092 · end of year $3,429

  • 27 · Net assets without donor restrictions

    beginning of year $118,209 · end of year $229,427

Mission and programs · 2024

Mission

MAHA IS A 501(C)(3) NONPROFIT ORGANIZATION FOCUSED ON BRINGING PEOPLE TOGETHER. WE CURATE AND PRODUCE CULTURAL EXPERIENCES WITH THE GOAL OF POSITIVELY IMPACTING THE ECONOMIC VITALITY OF OUR HOME CITY, OMAHA. OUR MAIN EVENT IS MAHA FESTIVAL, A VOLUNTEER-POWERED CELEBRATION OF MUSIC AND DISCOVERY THAT TAKES PLACE EVERY SUMMER.

Activities or mission (Part I)

TO BRING PEOPLE TOGETHER TO EXPERIENCE WORLD-CLASS MUSIC AND OTHER PROGRAMMING UNIQUE TO OUR AREA IN ORDER TO ENHANCE OMAHA'S REPUTATION AS A CULTURALLY VIBRANT CITY.

  • THE ORGANIZATION'S FLAGSHIP ANNUAL EVENT IS MAHA FESTIVAL, WHICH HIGHLIGHTS THE BEST OF OUR CITY AND MOBILIZES OUR COMMUNITY BY BRINGING IN NATIONAL MUSIC TALENT AND PROVIDING A PLATFORM FOR LOCAL MUSICIANS TO PERFORM, ENGAGING WITH DOZENS OF LOCAL PROGRAMMING PARTNERS, AND OFFERING FREE ADMISSION TO CHILDREN AGES 10 AND YOUNGER.

    Expenses $988,855 · Revenue $526,969

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

Listed in Part VII

  • Hobson Powell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Sarah Baker Hansen

    SECRETARY

    Total calculated
    $0
    Hours/week
    4

  • Erica Wassinger

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • Shannon Gilroy

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • David Black

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Missy Hardersen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Tj Twit

    PRESIDENT

    Total calculated
    $0
    Hours/week
    10

  • Mike App

    TREASURER

    Total calculated
    $0
    Hours/week
    8

  • Gwen Olney

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Brandon Henderson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
12 February 2026
IRS schema version
2024v5.5
Source object
202620439349300417

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