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Nonprofiteer
← NAC DEVELOPMENT CORPORATION

Form 990 for tax year 2022

Filed by NAC DEVELOPMENT CORPORATION.

Totals

Total revenue
$689,375
Total expenses
$1,039,628
Contributions and grants received
$644,061
Grants paid
$896,092
Program service revenue
$0
Investment income
$15,384
Other revenue
$29,930
Total assets, end of year
$1,498,147
Total liabilities, end of year
$5,400
Net assets or fund balances, end of year
$1,492,747
Program services expenses (Part IX)
$981,174
Management and general expenses
$58,454
Fundraising expenses
$0
Program service expenses (Part III)
$981,174

Program services were 94.4% 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)

    $617,262

  • 1f · All other contributions, gifts and grants

    $26,799

  • 3 · Investment income

    total $15,384 · excluded $15,384

  • 11a · Other revenue: OTHER INCOME

    total $29,930 · related or exempt $29,930

  • 11e · Other revenue, total

    $29,930

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $896,092 · program services $896,092

  • 11g · Fees: other

    total $108,570 · program services $78,515 · management and general $30,055

  • 12 · Advertising and promotion

    total $292 · program services $242 · management and general $50

  • 13 · Office expenses

    total $6,851 · management and general $6,851

  • 17 · Travel

    total $6,934 · program services $5,867 · management and general $1,067

  • 19 · Conferences, conventions and meetings

    total $8,169 · management and general $8,169

  • 23 · Insurance

    total $808 · management and general $808

  • 24a · Other expenses: AWARDS

    total $10,471 · program services $36 · management and general $10,435

  • 24b · Other expenses: SUPPLIES

    total $872 · program services $95 · management and general $777

  • 24c · Other expenses: PRINTING AND POSTAGE

    total $569 · program services $327 · management and general $242

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $889,111 · end of year $1,311,967

  • 3 · Pledges and grants receivable

    beginning of year $149,750 · end of year $186,180

  • 11 · Investments: publicly traded securities

    beginning of year $830,908

  • 17 · Accounts payable and accrued expenses

    beginning of year $14,598 · end of year $5,400

  • 27 · Net assets without donor restrictions

    beginning of year $901,236 · end of year $884,005

  • 28 · Net assets with donor restrictions

    beginning of year $953,935 · end of year $608,742

Mission and programs · 2022

Mission

TO STIMULATE AND ENCOURAGE THE STUDY AND PRESENTATION OF FINE AND PERFORMING ARTS THROUGHOUT THE STATE.

  • CULTURAL PRESERVATION ENDOWMENT - CPEF FUNDS ARE USED IN ONE OF THE FOLLOWING THREE CATEGORIES STABILIZATION OF NEBRASKA'S ARTS ORGANIZATIONS - STABILIZATION CAN TAKE MANY FORMS, FROM UTILIZING A GRANT PROGRAM DESIGNED TO STIMULATE ENDOWMENT BUILDING, OR AS A SUPPLEMENT TO ANNUAL GENERAL OPERATIONAL SUPPORT GRANTS ARTS EDUCATION PROGRAMS THAT PROVIDE STATEWIDE IMPACT - PROJECTS MUST DEMONSTRATE A SUSTAINED EFFORT THAT HAS BROAD APPLICATION MOST RECENTLY, THE NEBRASKA ARTS COUNCIL UNDERTOOK A COMPREHENSIVE STUDY THAT WILL INVOLVE A TASK FORCE AND AN OUTSIDE CONSULTANT TO REDESIGN PRAIRIE VISIONS, A SUMMER INSTITUTE FOR NEBRASKA TEACHERS THAT PROVIDES TOOLS TO IMPLEMENT COMPREHENSIVE ARTS EDUCATION INTO THE ENTIRE CURRICULUM SPECTRUM ARTS ADVOCACY PROMOTES THE ARTS IN NEBRASKA - THE ARTS ARE IMPORTANT TO THE STATE'S ECONOMY, QUALITY OF LIFE, AND EDUCATION OF ITS CITIZENS THE SCOPE OF THE ARTS ADVOCACY PROJECT CAN INCLUDE THE RESEARCH, DEVELOPMENT, AND PRODUCTION OF INFORMATIONAL MATERIALS AND SUPPLIES INFORMATIONAL PIECES THAT PROVIDE DATA REGARDING THE POSITIVE IMPACT OF ARTS EDUCATION CAN BE DISTRIBUTED AT EVENTS AND COMMUNITY MEETINGS THROUGHOUT THE STATE

    Expenses $664,843 · Grants $664,843

  • NEBRASKA CULTURAL ENDOWMENT PRIVATE FUND - NEBRASKA CULTURAL ENDOWMENT DISBURSEMENTS SUPPORT OBJECTIVES OF THE NEBRASKA ARTS COUNCIL'S MISSION AND GOALS AS OUTLINED IN THE NEBRASKA ARTS COUNCIL'S STRATEGIC PLAN AND AN ANNUAL RECOMMENDATION FOR THE JOHN W CARSON DONOR-ADVISED FUND

    Expenses $41,262 · Grants $41,262

  • SPECIAL INITIATIVES - THESE PROJECTS AND SERVICES ARE DESIGNED TO INCREASE AWARENESS OF, AND PARTICIPATION IN, ARTS AND CULTURE THIS PROGRAM SUPPORTS FEES PAID TO CONSULTANTS WHO WORK WITH TARGETED ARTS ORGANIZATIONS AND ARTISTS AS WELL AS OTHER AREAS OF ORGANIZATIONAL AND PROFESSIONAL DEVELOPMENT SERVICES INCLUDED TRAINING FOR ARTISTS AND ORGANIZATIONS IN THE FOLLOWING AREAS TRENDS IN PERFORMING, TOURING, ARTS EDUCATION, MARKETING, STRATEGIC PLANNING, CONTRACTS AND LEGAL MANERS THE INITIATIVE SUPPORTS AND PROMOTES ARTISTS FOR REGIONAL PROJECTS AND ADMINISTERS THE ARTIST FELLOWSHIP PROGRAM

    Expenses $249,263 · Grants $189,987

  • POETRY OUT LOUD - THE POETRY OUT LOUD PROGRAM ENCOURAGES NEBRASKA'S HIGH SCHOOL STUDENTS TO LEARN ABOUT POETRY THROUGH MEMORIZATION AND PERFORMANCE, WHICH HELP STUDENTS MASTER PUBLIC SPEAKING SKILLS, BUILD SELF-CONFIDENCE, AND LEARN ABOUT OUR LITERARY HERITAGE STARTING AT THE CLASSROOM LEVEL, TEACHERS ARE PROVIDED WITH MULTIMEDIA CURRICULUM MATERIALS TO AUGMENT THEIR REGULAR POETRY CURRICULUM WITH POETRY RECITATION AND A CLASSROOM-LEVEL COMPETITION NAC DC PROVIDES POETRY RECITATION WORKSHOPS FOR STUDENTS IN PARTICIPATING SCHOOLS FROM TEACHING ARTISTS WHO HAVE EXPERTISE IN POETRY AND PERFORMANCE ALL NEBRASKA HIGH SCHOOLS ARE WELCOME TO PARTICIPATE IN POETRY OUT LOUD

    Expenses $25,806

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

Listed in Part VII

  • Alec Gorynski

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Mark Laughlin

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Walter Seiler

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Shari Hofschire

    EX OFFICIO - CHAIR OF NE ARTS

    Total calculated
    $0
    Hours/week
    1

  • Jana Goranson

    AT LARGE

    Total calculated
    $0
    Hours/week
    1

  • Sarah Peetz

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Mike Markey

    EXECUTIVE DIRECTOR

    Total calculated
    $80,733
    From this org
    $0
    From related orgs
    $80,733
    Other
    $0
    Hours/week
    5 + 40 related

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.

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.

  • NEBRASKA ART COUNCIL

    SUPPORT NEBRASKA'S ARTS · NE

Provenance

Return type
form_990
Tax year
2022
Filed
25 October 2023
IRS schema version
2022v5.0
Source object
202313009349301451

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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