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Nonprofiteer
← GREATER OMAHA CHAMBER FOUNDATION

Form 990 for tax year 2022

Filed by GREATER OMAHA CHAMBER FOUNDATION.

Totals

Total revenue
$4,514,245
Total expenses
$6,044,056
Contributions and grants received
$2,903,118
Grants paid
$106,000
Program service revenue
$899,948
Investment income
-$250,820
Other revenue
$961,999
Total assets, end of year
$5,307,272
Total liabilities, end of year
$795,832
Net assets or fund balances, end of year
$4,511,440
Program services expenses (Part IX)
$5,976,906
Management and general expenses
$67,150
Fundraising expenses
$0
Program service expenses (Part III)
$5,976,906

Program services were 98.9% 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

    $2,903,118

  • 2a · Program service revenue: SERVICE CONTRACTS

    total $745,373 · excluded $745,373

  • 2b · Program service revenue: TUITION

    total $154,575 · excluded $154,575

  • 3 · Investment income

    total $14,396 · excluded $14,396

  • 6a · Gross rents

    real property $35,189

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $35,189

  • 6d · Net rental income or loss

    total $35,189 · excluded $35,189

  • 7a · Gross sales of assets other than inventory

    other assets $55,354

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

    other assets $320,570

  • 7c · Gain or loss

    other assets -$265,216

  • 7d · Net gain or loss

    total -$265,216 · excluded -$265,216

  • 11a · Other revenue: SPONSORSHIP

    total $585,751 · excluded $585,751

  • 11b · Other revenue: INCOME FROM DINNERS,PUBLICATIONS.

    total $275,400 · excluded $275,400

  • 11c · Other revenue: MISCELLANEOUS

    total $65,659 · excluded $65,659

  • 11e · Other revenue, total

    $926,810

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $106,000 · program services $106,000

  • 5 · Compensation of officers, directors and key employees

    total $360,111 · program services $360,111

  • 7 · Other salaries and wages

    total $2,557,978 · program services $2,557,978

  • 8 · Pension plan contributions

    total $61,192 · program services $61,192

  • 9 · Other employee benefits

    total $255,990 · program services $255,990

  • 10 · Payroll taxes

    total $198,107 · program services $198,107

  • 11c · Fees: accounting

    total $13,985 · management and general $13,985

  • 11g · Fees: other

    total $490,682 · program services $490,682

  • 12 · Advertising and promotion

    total $738,936 · program services $738,936

  • 13 · Office expenses

    total $57,303 · program services $33,389 · management and general $23,914

  • 16 · Occupancy

    total $949,143 · program services $920,702 · management and general $28,441

  • 17 · Travel

    total $82,027 · program services $82,027

  • 22 · Depreciation, depletion and amortization

    total $810 · management and general $810

  • 24a · Other expenses: DUES AND SUBSCRIPTTIONS

    total $93,988 · program services $93,988

  • 24b · Other expenses: BAD DEBT

    total $72,804 · program services $72,804

  • 24c · Other expenses: MISCELLANEOUS

    total $5,000 · program services $5,000

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $580,352 · end of year $503,092

  • 2 · Savings and temporary cash investments

    beginning of year $2,329,351 · end of year $2,517,047

  • 3 · Pledges and grants receivable

    beginning of year $4,070,131 · end of year $2,050,518

  • 4 · Accounts receivable

    beginning of year $12,729 · end of year $81,571

  • 9 · Prepaid expenses and deferred charges

    beginning of year $88,129 · end of year $62,760

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

    $44,227

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

    $22,416

  • 10c · Land, buildings and equipment, net

    beginning of year $23,696 · end of year $21,811

  • 15 · Other assets

    beginning of year $337,522 · end of year $70,473

  • 17 · Accounts payable and accrued expenses

    beginning of year $426,995 · end of year $69,713

  • 19 · Deferred revenue

    beginning of year $260,903 · end of year $186,030

  • 21 · Escrow or custodial account liability

    beginning of year $4,220 · end of year $4,240

  • 25 · Other liabilities

    beginning of year $708,541 · end of year $535,849

  • 27 · Net assets without donor restrictions

    beginning of year $1,971,120 · end of year $2,460,922

  • 28 · Net assets with donor restrictions

    beginning of year $4,070,131 · end of year $2,050,518

Mission and programs · 2022

Mission

TO INCREASE BUSINESS, EMPLOYMENT, AND INVESTMENT IN THE GREATER OMAHA AREA.

  • ECONOMIC DEVELOPMENT - ALSO REFERRED TO AS PROSPER OMAHA, THE CURRENT 5-YEAR STRATEGY/CAMPAIGN, OR GREATER OMAHA ECONOMIC DEVELOPMENT PARTNERSHIP, A PROGRAM NAME THAT REFLECTS A COLLABORATIVE EFFORT TO SUPPORT AND ENHANCE ECONOMIC DEVELOPMENT ACTIVITIES AND OPPORTUNITIES IN THE REGION. AREAS OF FOCUS INCLUDE BUSINESS RETENTION, EXPANSION AND ATTRACTION, FROM START-UPS TO FORTUNE 500 COMPANIES, AND MINORITY OWNED AND INTERNATIONAL BUSINESSES. SPECIFIC INDUSTRY FOCUS INCLUDES AGRIBUSINESS, MILITARY AND DEFENSE, FINANCIAL SERVICES, LOGISTICS AND LIFE SCIENCE. SERVICES INCLUDE INCENTIVES AND TRAINING, AVAILABLE SITESAND BUILDINGS, AND DEMOGRAPHIC, WORKFORCE AND COMMUNITY DATA. ANOTHER FOCUS HAS BEEN HELPING BUSINESSES WORK THROUGH THEIR TALENT AND WORKFORCE CHALLENGES AND OFFERING NEW PROGRAMMING TO ADDRESS THOSE AREAS.

    Expenses $5,268,942 · Grants $106,000 · Revenue $745,373

  • LEADERSHIP DEVELOPMENT - FOCUSES ON DEVELOPING EFFECTIVE LEADERS WHO WILL STRENGTHEN AND TRANSFORM THE COMMUNITY. PROGRAMS ARE DESIGNED FOR YOUNG PROFESSIONALS ON UP TO SENIOR LEVEL EXECUTIVES. TOPICS THAT LEADERSHIP PROGRAMS COVER INCLUDE COMMUNITY TRUSTEESHIP, LEADERSHIP STYLES, COMMUNITY AWARENESS, INCLUSIVITY, COLLABORATION AND INNOVATION. PARTICIPANTS ARE EXPOSED TO VARIOUS ELEMENTS OF THE COMMUNITY SUCH AS ITS PROBLEMS, CHALLENGES AND OPPORTUNITIES. THEY ARE CHALLENGED TO LOOK AT WAYS THEY CAN MAKE AN IMPACT AND GET INVOLVED. THEY ARE INTRODUCED TO WELL-KNOWN BUSINESS LEADERS, POLITICIANS AND CIVIC LEADERS TO GAIN INSIGHT AND EXPERIENCE AND GIVEN OPPORTUNITIES TO BECOME ENGAGED IN THE COMMUNITY.

    Expenses $249,554 · Revenue $154,575

  • EVENTS - FOCUSES ON LEADERSHIP BY CELEBRATING THE PAST AND SHAPING THE FUTURE. THE PAST IS HONORED BY RECOGNIZING LEADERS THAT HAVE MADE A DIFFERENCE IN THE COMMUNITY THROUGH THEIR BUSINESS AND CIVIC CONTRIBUTIONS. THE FUTURE IS SHAPED BY GIVING YOUNG PROFESSIONALS AN OPPORTUNITY TO ENGAGE WITH EACH OTHER, ATTEND THOUGHT-PROVIDING SESSIONS WITH TOPICS ON LEADERSHIP, COMMUNITY ENGAGEMENT, BUSINESS ETHICS, INCLUSIVITY, ETC. THE GOAL IS TO FOSTER PERSONAL AND PROFESSIONAL DEVELOPMENT AND ENCOURAGE YOUNG PROFESSIONALS TO DEVELOP INTO FUTURE BUSINESS AND COMMUNITY LEADERS.

    Expenses $458,410

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Mickey Anderson

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Carmen Tapio

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Steve Grandfield

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • David Brown

    PRESIDENT & CEO

    Total calculated
    $1,058,610
    From this org
    $0
    From related orgs
    $970,785
    Other
    $87,825
    Hours/week
    22 + 18 related

    Schedule J breakdown matched by us

    Base
    $0 + $335,239 related
    Bonus
    $0 + $409,128 related
    Other
    $0 + $226,418 related
    Deferred
    $0 + $85,159 related
    Nontaxable benefits
    $0 + $2,666 related
    Filer's total
    $0 + $1,058,610 related

  • Anne Branigan

    SECRETARY

    Total calculated
    $230,725
    From this org
    $0
    From related orgs
    $210,095
    Other
    $20,630
    Hours/week
    12 + 28 related

    Schedule J breakdown matched by us

    Base
    $0 + $209,303 related
    Bonus
    $0
    Other
    $0 + $792 related
    Deferred
    $0 + $6,459 related
    Nontaxable benefits
    $0 + $14,171 related
    Filer's total
    $0 + $230,725 related

  • Veta Jeffrey

    PRESIDENT & CEO

    Total calculated
    $342,058
    From this org
    $0
    From related orgs
    $331,934
    Other
    $10,124
    Hours/week
    22 + 18 related

    Schedule J breakdown matched by us

    Base
    $0 + $318,463 related
    Bonus
    $0
    Other
    $0 + $13,471 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $10,124 related
    Filer's total
    $0 + $342,058 related

  • Audra Schawang

    CFO

    Total calculated
    $154,156
    From this org
    $0
    From related orgs
    $143,553
    Other
    $10,603
    Hours/week
    18 + 22 related

    Schedule J breakdown matched by us

    Base
    $0 + $143,277 related
    Bonus
    $0
    Other
    $0 + $276 related
    Deferred
    $0 + $4,398 related
    Nontaxable benefits
    $0 + $6,205 related
    Filer's total
    $0 + $154,156 related

  • Winsley Durand

    VICE PRESIDENT, MEMBER SERVICES

    Total calculated
    $135,624
    From this org
    $124,853
    From related orgs
    $0
    Other
    $10,771
    Hours/week
    40

  • Mark Norman

    VICE PRESIDENT, ECONOMIC DEVELOPMENT

    Total calculated
    $135,252
    From this org
    $131,336
    From related orgs
    $0
    Other
    $3,916
    Hours/week
    40

  • Todd Johnson

    SVP, ECONOMIC DEVELOPMENT

    Total calculated
    $113,980
    From this org
    $102,717
    From related orgs
    $0
    Other
    $11,263
    Hours/week
    40

  • Pete Thompson

    SVP, BUSINESS INTELLIGENCE & TECHNOLOGY

    Total calculated
    $156,881
    From this org
    $134,302
    From related orgs
    $0
    Other
    $22,579
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $134,302
    Bonus
    $0
    Other
    $0
    Deferred
    $4,398
    Nontaxable benefits
    $18,181
    Filer's total
    $156,881

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

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 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

The filer's explanations (Part III)

PART I, LINES 4A-B
DAVID BROWN

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

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.

  • OMAHA CHAMBER INVESTMENTS INC

    INVESTMENTS · NE

    Directly controlled by GOCF

Related corporations and trusts

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

  • OMAHA CHAMBER SERVICES INC

    C · BUSINESS · NE

Provenance

Return type
form_990
Tax year
2022
Filed
14 November 2023
IRS schema version
2022v5.0
Source object
202343189349305149

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