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Nonprofiteer
← NEBRASKA PHILANTHROPIC TRUST

Form 990 for tax year 2023

Filed by NEBRASKA PHILANTHROPIC TRUST.

Totals

Total revenue
$1,548,554
Total expenses
$2,814,174
Contributions and grants received
$387,500
Grants paid
$0
Program service revenue
$1,063,332
Investment income
$97,722
Other revenue
$0
Total assets, end of year
$2,997,440
Total liabilities, end of year
$786,046
Net assets or fund balances, end of year
$2,211,394
Program services expenses (Part IX)
$2,260,474
Management and general expenses
$168,212
Fundraising expenses
$385,488
Program service expenses (Part III)
$2,260,474

Program services were 80.3% 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

    $387,500

  • 2a · Program service revenue: PROJECT FEES

    total $1,063,332 · related or exempt $1,063,332

  • 3 · Investment income

    total $84,984 · excluded $84,984

  • 7a · Gross sales of assets other than inventory

    securities $252,521

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

    securities $239,783

  • 7c · Gain or loss

    securities $12,738

  • 7d · Net gain or loss

    total $12,738 · excluded $12,738

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $626,913 · program services $282,111 · management and general $62,691 · fundraising $282,111

  • 7 · Other salaries and wages

    total $23,662 · program services $10,648 · management and general $2,366 · fundraising $10,648

  • 8 · Pension plan contributions

    total $21,169 · program services $9,526 · management and general $2,117 · fundraising $9,526

  • 9 · Other employee benefits

    total $8,489 · program services $3,820 · management and general $849 · fundraising $3,820

  • 10 · Payroll taxes

    total $37,653 · program services $16,944 · management and general $3,765 · fundraising $16,944

  • 11b · Fees: legal

    total $24,401 · management and general $24,401

  • 11c · Fees: accounting

    total $25,827 · management and general $25,827

  • 11f · Fees: investment management

    total $1,000 · management and general $1,000

  • 12 · Advertising and promotion

    total $26,965 · program services $12,134 · management and general $2,697 · fundraising $12,134

  • 13 · Office expenses

    total $23,534 · management and general $23,534

  • 14 · Information technology

    total $7,507 · management and general $7,507

  • 17 · Travel

    total $26,614 · fundraising $26,614

  • 23 · Insurance

    total $2,696 · management and general $2,696

  • 24a · Other expenses: PROJECT EXPENSES

    total $1,922,934 · program services $1,922,934

  • 24b · Other expenses: DEVELOPMENT

    total $21,334 · fundraising $21,334

  • 24c · Other expenses: PAYROLL AND 403B FEES

    total $8,238 · management and general $8,238

  • 24d · Other expenses: MISCELLANEOUS EXPENSES

    total $5,238 · program services $2,357 · management and general $524 · fundraising $2,357

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $240,945 · end of year $90,707

  • 2 · Savings and temporary cash investments

    beginning of year $2,314,027 · end of year $1,600,435

  • 3 · Pledges and grants receivable

    beginning of year $515,566 · end of year $732,189

  • 4 · Accounts receivable

    beginning of year $137,820 · end of year $570,818

  • 9 · Prepaid expenses and deferred charges

    beginning of year $940

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

    $3,291

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

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $3,291

  • 17 · Accounts payable and accrued expenses

    beginning of year $118,751 · end of year $34,718

  • 24 · Unsecured notes and loans payable

    beginning of year $1,610,371 · end of year $751,328

  • 27 · Net assets without donor restrictions

    end of year $1,071,029

  • 28 · Net assets with donor restrictions

    beginning of year $1,480,176 · end of year $1,140,365

Mission and programs · 2023

Mission

THE INITIAL PURPOSE OF THE ORGANIZATION IS TO ENHANCE THE GENERAL WELFARE OF THE STATE OF NEBRASKA BY PROVIDING FUNDRAISING SUPPORT TO PUBLIC AND CHARITABLE INSTITUTIONS AND BY ASSISTING IN THE CONSTRUCTION OF FACILITIES WHICH WILL ASSIST IN ACHIEVING THAT GOAL. THE ORGANIZATION WAS INVOLVED IN SEVERAL PROJECTS IN 2023, FURTHER DESCRIBED BELOW.

Activities or mission (Part I)

THE MISSION OF THE ORGANIZATION IS TO BENEFIT THE STATE OF NEBRASKA THROUGH THE PLANNING, IMPLEMENTATION, AND EXECUTION OF PUBLIC/PRIVATE PARTNERSHIPS WITH AN EMPHASIS ON FUNDRAISING AND PROJECT MANAGEMENT.

  • THE ORGANIZATION WAS INVOLVED IN THE FUNDRAISING AND PROJECT MANAGEMENT FOR A STORAGE BUILDING SUPPORTING BAXTER ARENA FOR THE UNIVERSITY OF NEBRASKA AT OMAHA.

    Expenses $1,379,372

  • THE ORGANIZATION WAS INVOLVED WITH EVALUATING THE FEASIBILITY OF A WATER LINE TO SUPPORT THE OPERATIONS AT THE STRATEGIC AIR AND SPACE MUSEUM, MAHONEY STATE PARK AND THE HENRY DOORLY ZOO FACILITIES AT EXIT 426 IN NEBRASKA.

    Expenses $297,500

  • THE ORGANIZATION WAS INVOLVED WITH FUNDRAISING ACTIVITIES FOR GO BIG PROJECT.

    Expenses $92,750

  • THE ORGANIZATION ASSISTED MULTIPLE OTHER ACTIVITIES INCLUDING: UNIVERSITY OF NEBRASKA BALLFIELD FACILITIES, UNIVERSITY OF NEBRASKA AT OMAHA'S BASKETBALL TEAM NUTRITION TABLE, UNIVERSITY OF NEBRASKA AT LINCOLN'S STADIUM, AND OTHER CERTAIN OPERATING COSTS IN CONNECTION WITH FULFILLING ITS MISSION OF PROVIDING FUNDRAISING AND PROJECT MANAGEMENT TO CHARITABLE ORGANIZATIONS IN THE STATE OF NEBRASKA.

    Expenses $490,852 · Revenue $1,063,332

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • W DAVID SCOTT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • PATRICK T MORRIS

    PRESIDENT

    Total calculated
    $311,335
    From this org
    $287,585
    From related orgs
    $0
    Other
    $23,750
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $274,585
    Bonus
    $13,000
    Other
    $0
    Deferred
    $12,732
    Nontaxable benefits
    $11,018
    Filer's total
    $311,335

  • SUSAN MORRIS

    VICE PRESIDENT

    Total calculated
    $286,251
    From this org
    $272,970
    From related orgs
    $0
    Other
    $13,281
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $260,970
    Bonus
    $12,000
    Other
    $0
    Deferred
    $11,977
    Nontaxable benefits
    $1,304
    Filer's total
    $286,251

  • CE HEANEY

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • LISA ROSKENS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • SARAH PILLEN AS OF 112023

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • CATHERINE FRENCH THRU 102023

    FORMER DIRECTOR

    Total calculated
    $20,085
    From this org
    $17,308
    From related orgs
    $0
    Other
    $2,777
    Hours/week
    1

  • ANDREA MARSHALL

    CONTROLLER

    Total calculated
    $0
    Hours/week
    40

  • JENNIFER CALLAHAN THRU 3202023

    FORMER TREASURER

    Total calculated
    $29,327
    From this org
    $29,327
    From related orgs
    $0
    Other
    $0
    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

  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations

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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
14 November 2024
IRS schema version
2023v5.1
Source object
202403199349309865

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