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Nonprofiteer
← DOWNTOWN RIVERFRONT TRUST

Form 990 for tax year 2024

Filed by DOWNTOWN RIVERFRONT TRUST.

Totals

Total revenue
$398,352
Total expenses
$516,036
Contributions and grants received
$371,608
Grants paid
$392,321
Program service revenue
$0
Investment income
$26,744
Other revenue
$0
Total assets, end of year
$13,622,822
Total liabilities, end of year
$13,309,116
Net assets or fund balances, end of year
$313,706
Program services expenses (Part IX)
$392,321
Management and general expenses
$123,715
Fundraising expenses
$0
Program service expenses (Part III)
$392,321

Program services were 76.0% 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

    $371,608

  • 3 · Investment income

    total $26,744 · excluded $26,744

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $392,321 · program services $392,321

  • 11c · Fees: accounting

    total $12,791 · management and general $12,791

  • 11g · Fees: other

    total $100,000 · management and general $100,000

  • 24a · Other expenses: OTHER INSURANCE EXPENSE

    total $7,305 · management and general $7,305

  • 24b · Other expenses: MISCELLANEOUS EXPENSE

    total $3,600 · management and general $3,600

  • 24c · Other expenses: BANK AND BROKER FEES

    total $19 · management and general $19

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,075,425 · end of year $815,191

  • 3 · Pledges and grants receivable

    beginning of year $19,845,361 · end of year $12,807,631

  • 17 · Accounts payable and accrued expenses

    beginning of year $108,461 · end of year $108,822

  • 25 · Other liabilities

    beginning of year $20,380,935 · end of year $13,200,294

  • 28 · Net assets with donor restrictions

    beginning of year $431,390 · end of year $313,706

Mission and programs · 2024

Mission

DOWNTOWN RIVERFRONT TRUST, IN COLLABORATION WITH THE CITY OF OMAHA, THE METROPOLITAN ENTERTAINMENT & CONVENTION AUTHORITY (MECA) AND A RIVERFRONT REVITALIZATION COMMITTEE HAVE ASSUMED RESPONSIBILITY FOR THE PLANNING, DESIGN AND CONSTRUCTION OF THE NEW TRI-PARK COMPLEX ON THREE CITY OF OMAHA OWNED PROPERTIES CURRENTLY REFERRED TO AS LEWIS AND CLARK LANDING, HEARTLAND OF AMERICA PARK AND GENE LEAHY MALL. DRT IS RESPONSIBLE FOR SECURING PRIVATE DONATIONS FROM THE COMMUNITY TO FUND A PORTION OF THE DEVELOPMENT. MECA IS RESPONSIBLE FOR PAYING PROJECT EXPENSES AS WELL AS ACTIVATING, OPERATING AND MAINTAINING THE DEVELOPMENT. DUE TO THIS RELATIONSHIP, ALMOST ALL FUNDS RAISED BY DRT RELATING TO THIS PROJECT ARE SHOWN AS A GRANTS EXPENSE AND CONTRIBUTIONS PAYABLE TO MECA.

Activities or mission (Part I)

THE PURPOSE OF THE ORGANIZATION IS TO WORK IN CONJUNCTION WITH GOVERNMENTAL AGENCIES OF THE CITIES OF OMAHA AND COUNCIL BLUFFS, AS WELL AS PRIVATE SECTOR ENTITIES, TO DEVELOP THE MISSOURI RIVER WATERFRONT IN THE METROPOLITAN AREA FOR THE BENEFIT AND USE OF THE GENERAL PUBLIC.

  • DOWNTOWN RIVERFRONT TRUST, IN COLLABORATION WITH THE CITY OF OMAHA, THE METROPOLITAN ENTERTAINMENT & CONVENTION AUTHORITY (MECA) AND A RIVERFRONT REVITALIZATION COMMITTEE HAVE ASSUMED RESPONSIBILITY FOR THE PLANNING, DESIGN AND CONSTRUCTION OF THE NEW TRI-PARK COMPLEX ON THREE CITY OF OMAHA OWNED PROPERTIES CURRENTLY REFERRED TO AS LEWIS AND CLARK LANDING, HEARTLAND OF AMERICA PARK AND GENE LEAHY MALL. DRT IS RESPONSIBLE FOR SECURING PRIVATE DONATIONS FROM THE COMMUNITY TO FUND A PORTION OF THE DEVELOPMENT. MECA IS RESPONSIBLE FOR PAYING PROJECT EXPENSES AS WELL AS ACTIVATING, OPERATING AND MAINTAINING THE DEVELOPMENT. DUE TO THIS RELATIONSHIP, ALMOST ALL FUNDS RAISED BY DRT RELATING TO THIS PROJECT ARE SHOWN AS A GRANTS EXPENSE AND CONTRIBUTIONS PAYABLE TO MECA.

    Expenses $392,321 · Grants $392,321

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

Listed in Part VII

  • Kenneth Stinson

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Mogens C Bay

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • W Gary Gates

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jack Koraleski

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Rachel Jacobson

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Dan Waters

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Ranae Keckeisen

    TREASURER

    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

Provenance

Return type
form_990
Tax year
2024
Filed
19 August 2025
IRS schema version
2024v5.2
Source object
202512319349301036

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