Totals
- Total revenue
- $9,811,517
- Total expenses
- $2,169,256
- Contributions and grants received
- $10,307,700
- Grants paid
- $29,920
- Program service revenue
- $178,613
- Investment income
- -$922,163
- Other revenue
- $247,367
- Total assets, end of year
- $61,578,632
- Total liabilities, end of year
- $575,515
- Net assets or fund balances, end of year
- $61,003,117
- Program services expenses (Part IX)
- $1,926,181
- Management and general expenses
- $243,075
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $1,926,181
Program services were 88.8% 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.
-
1e · Government grants (contributions)
$10,133,571
-
1f · All other contributions, gifts and grants
$174,129
-
2a · Program service revenue: EARNED INCOME
total $178,613 · related or exempt $178,613
-
3 · Investment income
total $605,956 · excluded $605,956
-
7a · Gross sales of assets other than inventory
other assets $38,531
-
7b · Less cost or other basis and sales expenses
other assets $1,566,650
-
7c · Gain or loss
other assets -$1,528,119
-
7d · Net gain or loss
total -$1,528,119 · related or exempt -$1,528,119
-
11a · Other revenue: MISCELLANEOUS REVENUE
total $247,367 · related or exempt $247,367
-
11e · Other revenue, total
$247,367
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $29,920 · program services $29,920
-
5 · Compensation of officers, directors and key employees
total $282,994 · program services $183,976 · management and general $99,018
-
7 · Other salaries and wages
total $574,387 · program services $530,401 · management and general $43,986
-
8 · Pension plan contributions
total $56,557 · program services $52,158 · management and general $4,399
-
9 · Other employee benefits
total $24,759 · program services $23,022 · management and general $1,737
-
10 · Payroll taxes
total $55,396 · program services $47,013 · management and general $8,383
-
11a · Fees: management
total $40,032 · program services $40,032
-
11c · Fees: accounting
total $37,957 · management and general $37,957
-
11g · Fees: other
total $70,692 · program services $37,501 · management and general $33,191
-
12 · Advertising and promotion
total $39,144 · program services $39,144
-
13 · Office expenses
total $62,468 · program services $62,468
-
16 · Occupancy
total $118,827 · program services $118,827
-
17 · Travel
total $61,462 · program services $61,462
-
19 · Conferences, conventions and meetings
total $50,395 · program services $50,395
-
20 · Interest
total $1,052 · program services $1,052
-
22 · Depreciation, depletion and amortization
total $58,255 · program services $58,255
-
23 · Insurance
total $14,404 · management and general $14,404
-
24a · Other expenses: BAD DEBT EXPENSE
total $481,655 · program services $481,655
-
24b · Other expenses: OUTREACH PROGRAMS
total $63,534 · program services $63,534
-
24c · Other expenses: ROBOTICS
total $40,601 · program services $40,601
-
24d · Other expenses: INTERSECT PROGRAMS
total $4,765 · program services $4,765
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $2,415,665 · end of year $5,093,924
-
2 · Savings and temporary cash investments
beginning of year $5,207,351 · end of year $1,498,711
-
3 · Pledges and grants receivable
beginning of year $301,735 · end of year $306,520
-
7 · Other notes and loans receivable
beginning of year $8,831,491 · end of year $11,163,320
-
10a · Land, buildings and equipment: cost or other basis
$321,500
-
10b · Land, buildings and equipment: accumulated depreciation
$253,831
-
10c · Land, buildings and equipment, net
beginning of year $125,924 · end of year $67,669
-
11 · Investments: publicly traded securities
beginning of year $1,213,901 · end of year $1,210,340
-
13 · Investments: program-related
beginning of year $34,185,616 · end of year $41,087,032
-
15 · Other assets
beginning of year $1,148,385 · end of year $1,151,116
-
17 · Accounts payable and accrued expenses
beginning of year $520,287 · end of year $494,110
-
25 · Other liabilities
beginning of year $166,693 · end of year $81,405
-
27 · Net assets without donor restrictions
beginning of year $163,374 · end of year $285,400
-
28 · Net assets with donor restrictions
beginning of year $52,579,714 · end of year $60,717,717
Mission and programs · 2023
Mission
PROMOTE COMMUNITY AND ECONOMIC DEVELOPMENT BY IDENTIFYING, SUPPORTING, AND INVESTING IN HIGH-GROWTH, HIGH-IMPACT, OR COMMUNITY CRITICAL COMPANIES ACROSS NEBRASKA.
Activities or mission (Part I)
INVEST NEBRASKA CORPORATION GROWS NEBRASKA'S ECONOMY BY PROVIDING CAPITAL AND OPERATIONAL ASSISTANCE TO EARLY STAGE STARTUPS, DEVELOPING INFRASTRUCTURE FOR TECHNOLOGY ENTREPRENEURS, AND ATTRACTING OUT-OF-STATE CAPITAL THROUGH ITS NETWORK OF VENTURE CAPITAL FUNDS. AS A STATEWIDE NONPROFIT VENTURE DEVELOPMENT ORGANIZATION, INVEST NEBRASKA CORPORATION HAS BECOME A KEY LEADER IN THE ENTREPRENEURIAL ECOSYSTEM; FUNDING PROGRAMS, ORGANIZING SERVICES, AND BUILDING INFRASTRUCTURE TO SUPPORT BUSINESSES ACROSS THE STATE.
-
SEED FUND PROGRAM - THE ORGANIZATION CONTRACTS WITH THE STATE OF NEBRASKA'S DEPARTMENT OF ECONOMIC DEVELOPMENT TO PROVIDE CAPITAL TO EARLY-STAGE BUSINESSES THROUGH THE BUSINESS INNOVATION ACT. THESE BUSINESSES ARE STATUTORILY ELIGIBLE FOR FINANCING BASED ON A SERIES OF QUALIFYING FACTORS. THE ORGANIZATION ALSO PROVIDES CAPITAL TO EARLY-STAGE BUSINESSES THROUGH FEDERALLY DESIGNATED GRANT FUNDS.
Expenses $1,394,067
-
THE COMBINE - AN AGRIFOOD TECH INCUBATOR LOCATED ON NEBRASKA INNOVATION CAMPUS TO INCUBATE HIGH-GROWTH, EARLY-STAGE BUSINESS IN THE AG AND FOOD TECHNOLOGY SPACE.
Expenses $231,244
-
NEBRASKA EMERGING GROWTH - THE ORGANIZATION ADMINISTERS FUNDS THE NEBRASKA DEPARTMENT OF ECONOMIC DEVELOPMENT RECEIVED UNDER THE STATE SMALL BUSINESS CREDIT INITIATIVE (SSBCI) PROGRAM OF THE U.S. TREASURY DEPARTMENT. CONVERTIBLE DEBT AND EQUITY INVESTMENTS FROM $100,000- $1,000,000 CAN BE USED FOR WORKING CAPITAL, AND INVENTORY/EQUIPMENT PURCHASES. FUNDS MUST BE MATCHED BY PRIVATE FUNDS AS OUTLINED IN THE PROGRAM.
Expenses $136,273
-
OPERATIONAL ASSISTANCE PROGRAM - PROVIDE OPERATIONAL ASSISTANCE TO THOSE STARTUP BUSINESSES THAT NEED TO COMPLETE ADDITIONAL PROJECTS IN ORDER TO ATTRACT OUTSIDE CAPITAL.
Expenses $164,597 · Grants $29,920
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Joseph YoungJOSEPH YOUNG
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Phil BakkenPHIL BAKKEN
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 0.5
-
Amy JohnsonAMY JOHNSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Vishal SinghVISHAL SINGH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Donna KushDONNA KUSH
SECRETARY
- Total calculated
- $0
- Hours/week
- 0.5
-
Craig TuttleCRAIG TUTTLE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Chris RothCHRIS ROTH
TREASURER
- Total calculated
- $0
- Hours/week
- 0.5
-
Daniel PadillaDANIEL PADILLA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Joseph Fox Ex-Officionon-VotingJOSEPH FOX EX-OFFICIONON-VOTING
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Kristin HassebrookKRISTIN HASSEBROOK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Jasmine KingseyJASMINE KINGSEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Dan HoffmanDAN HOFFMAN
DIRECTOR
- Total calculated
- $231,251
- From this org
- $210,228
- From related orgs
- $0
- Other
- $21,023
- Hours/week
- 51
Schedule J breakdown matched by us
- Base
- $191,117
- Bonus
- $19,111
- Other
- $0
- Deferred
- $51,744
- Nontaxable benefits
- $21,023
- Filer's total
- $282,995
-
Ben WilliamsonBEN WILLIAMSON
DIRECTOR
- Total calculated
- $216,442
- From this org
- $184,800
- From related orgs
- $0
- Other
- $31,642
- Hours/week
- 44
Schedule J breakdown matched by us
- Base
- $168,000
- Bonus
- $16,800
- Other
- $0
- Deferred
- $18,480
- Nontaxable benefits
- $13,162
- Filer's total
- $216,442
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 · 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
-
NORTHEAST COMMUNITY COLLEGE
$15,000
ROBOTICS AND AUTOMATION RESEARCH
-
METROPOLITAN COMMUNITY COLLEGE
$12,609
ROBOTICS AND AUTOMATION RESEARCH
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.
-
INVEST NEBRASKA NMOTION LLC
ANY LAWFUL ACTIVITY · NE · assets $2,320,175
Directly controlled by INVEST NEBRASKA CORPORATION
-
INVEST NEBRASKA FUND I LLC
ANY LAWFUL ACTIVITY · NE · assets $3,027,072
Directly controlled by INVEST NEBRASKA CORPORATION
-
INVEST NEBRASKA FUND MANAGEMENT I LLC
ANY LAWFUL ACTIVITY · NE · assets $336,825
Directly controlled by INVEST NEBRASKA CORPORATION
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 19 August 2024
- IRS schema version
- 2023v5.1
- Source object
- 202442489349300419
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