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← SUZANNE AND WALTER SCOTT FOUNDATION

Form 990 for tax year 2024

Filed by SUZANNE AND WALTER SCOTT FOUNDATION.

Totals

Total revenue
$480,205,807
Total expenses
$49,947,387
Contributions and grants received
$373,402,500
Grants paid
$25,748,185
Program service revenue
$1,519,000
Investment income
$85,788,624
Other revenue
$19,495,683
Total assets, end of year
$965,051,014
Total liabilities, end of year
$17,632,832
Net assets or fund balances, end of year
$947,418,182
Program services expenses (Part IX)
$40,855,442
Management and general expenses
$9,091,945
Fundraising expenses
$0
Program service expenses (Part III)
$40,855,442

Program services were 81.8% 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

    $373,402,500

  • 1g · Noncash contributions included above

    $370,402,500

  • 2a · Program service revenue: MANAGEMENT FEE

    total $1,519,000 · related or exempt $1,519,000

  • 3 · Investment income

    total $12,546,363 · excluded $12,546,363

  • 6a · Gross rents

    real property $19,428,726

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $19,428,726

  • 6d · Net rental income or loss

    total $19,428,726 · excluded $19,428,726

  • 7a · Gross sales of assets other than inventory

    securities $793,492,148

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

    securities $720,249,887

  • 7c · Gain or loss

    securities $73,242,261

  • 7d · Net gain or loss

    total $73,242,261 · excluded $73,242,261

  • 11a · Other revenue: OTHER REVENUE

    total $66,957 · excluded $66,957

  • 11e · Other revenue, total

    $66,957

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $25,748,185 · program services $25,748,185

  • 5 · Compensation of officers, directors and key employees

    total $2,353,008 · program services $1,176,504 · management and general $1,176,504

  • 7 · Other salaries and wages

    total $4,311,572 · program services $3,008,544 · management and general $1,303,028

  • 8 · Pension plan contributions

    total $335,029 · program services $233,778 · management and general $101,251

  • 9 · Other employee benefits

    total $1,118,773 · program services $780,661 · management and general $338,112

  • 10 · Payroll taxes

    total $447,088 · program services $311,971 · management and general $135,117

  • 11b · Fees: legal

    total $80,498 · program services $40,249 · management and general $40,249

  • 11c · Fees: accounting

    total $80,700 · program services $40,350 · management and general $40,350

  • 11f · Fees: investment management

    total $758,878 · management and general $758,878

  • 12 · Advertising and promotion

    total $975,835 · program services $169,508 · management and general $806,327

  • 13 · Office expenses

    total $742,851 · program services $547,312 · management and general $195,539

  • 14 · Information technology

    total $818,613 · management and general $818,613

  • 16 · Occupancy

    total $3,150,597 · program services $2,198,435 · management and general $952,162

  • 17 · Travel

    total $338,799 · management and general $338,799

  • 19 · Conferences, conventions and meetings

    total $981,121 · program services $684,610 · management and general $296,511

  • 22 · Depreciation, depletion and amortization

    total $842,707 · program services $842,707

  • 23 · Insurance

    total $422,677 · management and general $422,677

  • 24a · Other expenses: FOOD SERVICES

    total $1,776,956 · program services $1,776,956

  • 24b · Other expenses: REPAIRS AND MAINTENANCE

    total $1,357,212 · program services $1,357,212

  • 24c · Other expenses: SCOTT TECH CRT - OPERAT

    total $1,189,271 · program services $1,189,271

  • 24d · Other expenses: SECURITY

    total $839,531 · program services $590,604 · management and general $248,927

  • 24e · All other expenses

    total $1,277,486 · program services $158,585 · management and general $1,118,901

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $41,274,331 · end of year $158,119,517

  • 4 · Accounts receivable

    beginning of year $743,563 · end of year $688,100

  • 7 · Other notes and loans receivable

    beginning of year $16,587,054 · end of year $4,301,340

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

    $26,613,564

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

    $5,626,068

  • 10c · Land, buildings and equipment, net

    beginning of year $17,754,729 · end of year $20,987,496

  • 11 · Investments: publicly traded securities

    beginning of year $411,184,175 · end of year $9,896,625

  • 12 · Investments: other securities

    beginning of year $111,654,244 · end of year $682,759,325

  • 13 · Investments: program-related

    end of year $13,796,564

  • 15 · Other assets

    beginning of year $24,829,621 · end of year $74,502,047

  • 17 · Accounts payable and accrued expenses

    beginning of year $4,132,112 · end of year $3,927,389

  • 18 · Grants payable

    beginning of year $5,323,536 · end of year $5,147,618

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $3,926,883

  • 25 · Other liabilities

    beginning of year $5,151,367 · end of year $4,630,942

  • 27 · Net assets without donor restrictions

    beginning of year $609,420,702 · end of year $947,418,182

Mission and programs · 2024

Mission

THE MISSION OF THE FOUNDATION IS TO DISTRIBUTE FUNDS FOR CHARITABLE PURPOSES IN THE AREAS OF CIVIC, CULTURAL, HEALTH, EDUCATION, AND SOCIAL SERVICES.

  • THE FOUNDATION WAS ORGANIZED AND IS OPERATED GENERALLY FOR THE BENEFIT OF, OR TO CARRY OUT THE PURPOSES OF, THE OMAHA COMMUNITY FOUNDATION. THE OMAHA COMMUNITY FOUNDATION'S MISSION IS TO ENHANCE THE QUALITY OF LIFE OF THE CITIZENS IN NEBRASKA AND SOUTHWEST IOWA BY IDENTIFYING AND ADDRESSING CURRENT ANTICIPATED NEEDS AND RAISING, MANAGING, AND DISTRIBUTING FUNDS. IN ADDITION, THE FOUNDATION DISTRIBUTES FUNDS TO OTHER CHARITABLE ORGANIZATIONS. CONSISTENT WITH THE OMAHA COMMUNITY FOUNDATION, THE FOUNDATION SUPPORTS THE UNIVERSITY OF NEBRASKA, OMAHA CAMPUS IN VARIOUS PROJECTS.

    Expenses $40,855,442 · Grants $25,748,185 · Revenue $1,519,000

As filed on the 2024 return.

Listed in Part VII

  • W DAVID SCOTT

    DIRECTOR (TREASURER)

    Total calculated
    $0
    Hours/week
    1

  • MICKEY ANDERSON

    DIRECTOR (CHAIRMAN)

    Total calculated
    $0
    Hours/week
    1

  • RANDY SCHMAILZL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MIKE FAUST

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DR WILLIAM SINGER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • CINDY SMITH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • SUSAN MORRIS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • CALVIN SISSON

    PRESIDENT & CEO

    Total calculated
    $973,900
    From this org
    $937,258
    From related orgs
    $0
    Other
    $36,642
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $660,155
    Bonus
    $265,366
    Other
    $11,737
    Deferred
    $17,250
    Nontaxable benefits
    $20,358
    Filer's total
    $974,866

  • RICHARD EAKIN

    VICE PRESIDENT

    Total calculated
    $309,669
    From this org
    $289,154
    From related orgs
    $0
    Other
    $20,515
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $243,385
    Bonus
    $45,769
    Other
    $0
    Deferred
    $10,615
    Nontaxable benefits
    $10,818
    Filer's total
    $310,587

  • CHRISTI ANNIN

    CFO

    Total calculated
    $326,393
    From this org
    $286,978
    From related orgs
    $0
    Other
    $39,415
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $269,670
    Bonus
    $17,308
    Other
    $0
    Deferred
    $11,827
    Nontaxable benefits
    $28,554
    Filer's total
    $327,359

  • ANNE FOLKERS

    DEPUTY DIRECTOR

    Total calculated
    $272,305
    From this org
    $232,717
    From related orgs
    $0
    Other
    $39,588
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $222,332
    Bonus
    $10,385
    Other
    $0
    Deferred
    $12,000
    Nontaxable benefits
    $28,554
    Filer's total
    $273,271

  • LAURA MILLER

    DIRECTOR OF EDUCATION

    Total calculated
    $261,977
    From this org
    $250,000
    From related orgs
    $0
    Other
    $11,977
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $229,615
    Bonus
    $20,385
    Other
    $0
    Deferred
    $11,977
    Nontaxable benefits
    $966
    Filer's total
    $262,943

  • SARAH LOPEZ

    DIRECTOR OF GRANTMAKING

    Total calculated
    $220,501
    From this org
    $210,001
    From related orgs
    $0
    Other
    $10,500
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $199,616
    Bonus
    $10,385
    Other
    $0
    Deferred
    $10,500
    Nontaxable benefits
    $966
    Filer's total
    $221,467

  • KEN MOREANO

    EXECUTIVE DIRECTOR - NOAK

    Total calculated
    $611,858
    From this org
    $567,020
    From related orgs
    $0
    Other
    $44,838
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $489,552
    Bonus
    $75,386
    Other
    $2,082
    Deferred
    $17,250
    Nontaxable benefits
    $28,554
    Filer's total
    $612,824

  • DOMINIC ROMEO

    SERVICE MANAGER - NOAK

    Total calculated
    $245,023
    From this org
    $233,355
    From related orgs
    $0
    Other
    $11,668
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $207,480
    Bonus
    $25,875
    Other
    $0
    Deferred
    $11,668
    Nontaxable benefits
    $966
    Filer's total
    $245,989

  • RYAN OSBORN

    DIRECTOR OF OPERATIONS - NOAK

    Total calculated
    $230,145
    From this org
    $200,786
    From related orgs
    $0
    Other
    $29,359
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $177,036
    Bonus
    $23,750
    Other
    $0
    Deferred
    $9,967
    Nontaxable benefits
    $20,358
    Filer's total
    $231,111

  • GARY FREEMAN

    BUSINESS OPERATIONS OFFICER

    Total calculated
    $254,678
    From this org
    $223,620
    From related orgs
    $0
    Other
    $31,058
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $198,620
    Bonus
    $25,000
    Other
    $0
    Deferred
    $11,750
    Nontaxable benefits
    $20,274
    Filer's total
    $255,644

  • WILLIAM TORSON

    CHIEF TECHNOLOGY OFFICER - NOAK

    Total calculated
    $240,145
    From this org
    $228,709
    From related orgs
    $0
    Other
    $11,436
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $203,334
    Bonus
    $25,375
    Other
    $0
    Deferred
    $11,436
    Nontaxable benefits
    $966
    Filer's total
    $241,111

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

  • 1a · First-class or charter travel
  • 1a · Travel for companions
  • 1a · Health or social club dues or initiation fees
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation survey or study
  • 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

The 10 largest by cash amount. The API serves every itemized grant.

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.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • NOAK MANAGEMENT

    REAL ESTATE · NE · income $3,795,985

    Directly controlled by S&W SCOTT FDN

  • SWF LLC

    MGMT CO · NE · income $5,275,954

    Directly controlled by S&W SCOTT FDN

  • CENTENNIAL FARMS

    MGMT CO · NE

    Directly controlled by S&W SCOTT FDN

  • WIND RIVER

    MGMT CO · NE

    Directly controlled by S&W SCOTT FDN

Related partnerships

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

  • NOAK INNOVATION LLC

    EXCLUDED · INVESTMENT · NE · 70% owned · share of income -$206,349 · share of assets $1,804,197 · general or managing partner

    Directly controlled by S&W SCOTT FDN

Related corporations and trusts

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

  • SCOTT RESIDENTIAL MANAGEMENT LLC

    C · PROPERTY MGMT · NE · 51% owned · share of income $192,593 · share of assets $825,156 · controlled entity

    Directly controlled by S&W SCOTT FDN

  • SCOTT MANAGED SERVICES LLC

    C · MGMT CO · NE · 100% owned · share of income -$3,693,762 · share of assets $48,325,246 · controlled entity

    Directly controlled by S&W SCOTT FDN

Provenance

Return type
form_990
Tax year
2024
Filed
17 November 2025
IRS schema version
2024v5.2
Source object
202543219349308374

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