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← NEBRASKA INNOVATION CAMPUS DEVELOPMENT CORPORATION

Form 990 for tax year 2022

Filed by NEBRASKA INNOVATION CAMPUS DEVELOPMENT CORPORATION.

Totals

Total revenue
$1,320,622
Total expenses
$1,247,460
Contributions and grants received
$500,000
Grants paid
$0
Program service revenue
$0
Investment income
$44,979
Other revenue
$775,643
Total assets, end of year
$2,789,364
Total liabilities, end of year
$1,786,893
Net assets or fund balances, end of year
$1,002,471
Program services expenses (Part IX)
$570,385
Management and general expenses
$677,075
Fundraising expenses
$0
Program service expenses (Part III)
$570,385

Program services were 45.7% 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

    $0

  • 1b · Membership dues

    $0

  • 1c · Fundraising events

    $0

  • 1d · Related organizations

    $500,000

  • 1e · Government grants (contributions)

    $0

  • 1f · All other contributions, gifts and grants

    $0

  • 1g · Noncash contributions included above

    $0

  • 2a · Program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 2b · Program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 2c · Program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 2d · Program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 2e · Program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $44,979 · related or exempt $0 · unrelated business $0 · excluded $44,979

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 5 · Royalties

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 6a · Gross rents

    real property $770,643

  • 6c · Rental income or loss

    real property $770,643 · personal property $0

  • 6d · Net rental income or loss

    total $770,643 · excluded $770,643

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 11a · Other revenue: Sponsorship Income

    total $5,000 · related or exempt $5,000

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $5,000

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0 · program services $0

  • 2 · Grants to domestic individuals

    total $0 · program services $0

  • 3 · Grants to foreign organizations and individuals

    total $0 · program services $0

  • 4 · Benefits paid to or for members

    total $0 · program services $0

  • 5 · Compensation of officers, directors and key employees

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 6 · Compensation of disqualified persons

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 7 · Other salaries and wages

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 8 · Pension plan contributions

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 9 · Other employee benefits

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 10 · Payroll taxes

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11a · Fees: management

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11b · Fees: legal

    total $2,136 · program services $0 · management and general $2,136 · fundraising $0

  • 11c · Fees: accounting

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11d · Fees: lobbying

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11e · Fees: professional fundraising services

    total $0 · fundraising $0

  • 11f · Fees: investment management

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11g · Fees: other

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 12 · Advertising and promotion

    total $27,551 · program services $25,813 · management and general $1,738 · fundraising $0

  • 13 · Office expenses

    total $11,528 · program services $0 · management and general $11,528 · fundraising $0

  • 14 · Information technology

    total $34 · program services $0 · management and general $34 · fundraising $0

  • 15 · Royalties

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 16 · Occupancy

    total $66,024 · program services $0 · management and general $66,024 · fundraising $0

  • 17 · Travel

    total $10,409 · program services $10,409 · management and general $0 · fundraising $0

  • 18 · Travel or entertainment for public officials

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 19 · Conferences, conventions and meetings

    total $112,117 · program services $112,117 · management and general $0 · fundraising $0

  • 20 · Interest

    total $11,017 · program services $0 · management and general $11,017 · fundraising $0

  • 21 · Payments to affiliates

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $42,726 · program services $0 · management and general $42,726 · fundraising $0

  • 23 · Insurance

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 24a · Other expenses: Leased Employees

    total $448,446 · program services $421,539 · management and general $26,907 · fundraising $0

  • 24b · Other expenses: Contractual Services

    total $501,324 · program services $0 · management and general $501,324 · fundraising $0

  • 24c · Other expenses: Membership & Subscriptions

    total $9,166 · program services $0 · management and general $9,166 · fundraising $0

  • 24d · Other expenses: Recruiting & Retention

    total $3,958 · program services $507 · management and general $3,451 · fundraising $0

  • 24e · All other expenses

    total $1,024 · program services $0 · management and general $1,024 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $928,786 · end of year $978,684

  • 2 · Savings and temporary cash investments

    beginning of year $0 · end of year $0

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $57,056 · end of year $81,438

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $1,256,022

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $20,344 · end of year $3,228

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

    $0

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

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $0 · end of year $0

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $512,718 · end of year $469,992

  • 17 · Accounts payable and accrued expenses

    beginning of year $76,687 · end of year $44,922

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $2 · end of year $1,233,119

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $537,701 · end of year $508,852

  • 27 · Net assets without donor restrictions

    beginning of year $904,514 · end of year $1,002,471

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $0 · end of year $0

Mission and programs · 2022

Mission

Nebraska Innovation Campus Development Corporation's mission is the development of a sustainable research campus which capitalizes on research growth and expertise of University of Nebraska - Lincoln (UNL) faculty.

  • Nebraska Innovation Campus Development Corporation's mission is the development and revitalization of the former State Fair into a sustainable research campus which capitalizes on research growth and expertise of University of Nebraska - Lincoln (UNL) faculty.

    Expenses $570,385 · Revenue $5,000

As filed on the 2022 return.

Listed in Part VII

  • Mary Lagrange

    Treasurer

    Total calculated
    $307,943
    From this org
    $0
    From related orgs
    $278,590
    Other
    $29,353
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $278,036 related
    Bonus
    $0
    Other
    $0 + $554 related
    Deferred
    $0 + $22,400 related
    Nontaxable benefits
    $0 + $6,953 related
    Filer's total
    $0 + $307,943 related

  • Ronald Green

    CHAIRMAN

    Total calculated
    $789,319
    From this org
    $0
    From related orgs
    $742,324
    Other
    $46,995
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $508,321 related
    Bonus
    $0 + $38,250 related
    Other
    $0 + $195,753 related
    Deferred
    $0 + $27,441 related
    Nontaxable benefits
    $0 + $19,554 related
    Filer's total
    $0 + $789,319 related

  • Dana Bradford

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Larry Miller

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Matt Williams

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Michael Boehm

    BOARD MEMBER

    Total calculated
    $401,170
    From this org
    $0
    From related orgs
    $360,170
    Other
    $41,000
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $359,809 related
    Bonus
    $0
    Other
    $0 + $361 related
    Deferred
    $0 + $24,324 related
    Nontaxable benefits
    $0 + $16,676 related
    Filer's total
    $0 + $401,170 related

  • Michael Yanney

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Michael Zeleny

    Board Member (Beg 12/22)

    Total calculated
    $304,627
    From this org
    $0
    From related orgs
    $262,507
    Other
    $42,120
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $261,544 related
    Bonus
    $0
    Other
    $0 + $963 related
    Deferred
    $0 + $21,272 related
    Nontaxable benefits
    $0 + $20,848 related
    Filer's total
    $0 + $304,627 related

  • Preeta Banasal

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Robert Wilhelm

    BOARD MEMBER

    Total calculated
    $390,914
    From this org
    $0
    From related orgs
    $352,643
    Other
    $38,271
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $351,589 related
    Bonus
    $0
    Other
    $0 + $1,054 related
    Deferred
    $0 + $21,987 related
    Nontaxable benefits
    $0 + $16,284 related
    Filer's total
    $0 + $390,914 related

  • Tom Henning

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Tonn Ostergard

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Vishal Singh

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Daniel Duncan

    EXECUTIVE DIRECTOR

    Total calculated
    $264,846
    From this org
    $0
    From related orgs
    $227,049
    Other
    $37,797
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $191,130 related
    Bonus
    $0 + $35,365 related
    Other
    $0 + $554 related
    Deferred
    $0 + $18,702 related
    Nontaxable benefits
    $0 + $19,095 related
    Filer's total
    $0 + $264,846 related

  • Kate Engel

    SECRETARY

    Total calculated
    $110,313
    From this org
    $0
    From related orgs
    $94,788
    Other
    $15,525
    Hours/week
    40

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

None.

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

The filer's explanations (Part III)

Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation
UNIVERSITY OF NEBRASKA'S COMPENSATION COMMITTEE APPROVES THE COMPENSATION AND BENEFITS OF NICDC'S EXECUTIVE DIRECTOR.

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.

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.

Related partnerships

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

  • HD GROUP LLC

    Unrelated · HEALTHCARE TE · NE · share of income $0 · share of assets $0

    Directly controlled by UNMC SRF

Related corporations and trusts

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

  • NE ENTERPRISES INC

    C Corporation · BIO TECH · NE · share of income $0 · share of assets $0

    Directly controlled by UNIV TECH

Provenance

Return type
form_990
Tax year
2022
Filed
12 March 2024
IRS schema version
2022v5.0
Source object
202420729349301857

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