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Yfc INC FY2024 filing

Tax-deductible

Omaha, NE501(c)(3)Arts & Culture EIN 06-1839109Revenue $115K in FY2024

On file with the IRSmahafestival.com12906 Deer Creek Dr, 68142-1786 · Omaha, NETax-exempt since Jul 2008Publicly supported charity — 170(b)(1)(A)(vi)

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To bring people together to experience world-class music and other programming unique to our area in order to enhance omaha's reputation as a culturally vibrant city.

501(c)(3) charity; gifts are tax-deductible.
48¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 4
filings with a surplus
Average deficit $150K a year · 16% of revenue · last 4 filings
Worth a look: a surplus in 2 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
48%
of spending
Concern: 48% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
38 mo
of spending, in cash
Looks good: 37.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $25K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$1K
0.9% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
10
of 10 voting members
Looks good: 10 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$115K
-90% vs prior year
Spent
$38K
To programs
48%
Net assets
$118K
By yearFY2022–FY2025
Revenue
$115K
FY2024▼ -90%
Tap a bar for its year
Revenue by fiscal year
FY2022$1.2M
FY2023$1.1M
FY2024$115K
FY2025$1.1M
Expenses
$38K
FY2024▼ -98%
Tap a bar for its year
Expenses by fiscal year
FY2022$1.4M
FY2023$1.7M
FY2024$38K
FY2025$1.0M
Net assets
$118K
FY2024▲ +183%
Tap a bar for its year
Net assets by fiscal year
FY2022$636K
FY2023$42K
FY2024$118K
FY2025$229K

From the FY2024 Form 990 (year ending September 2024) · figures checked against the IRS filing · see the original

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You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jul 2008.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

48 cents of each dollar spent went to programs.

Program services 48% · $18K Management & general 52% · $20K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

10 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Shannon Gilroy
Vice President
$0Pt VII · Sec A
David Black
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Tj Twit
President
$0Pt VII · Sec A
Rob Rodriguez
Treasurer
$0Pt VII · Sec A
See Yfc INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Presents world-class music and unique local programming to boost Omaha's cultural vibrancy.

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Provided by the organization

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1 program · $18K · in their own filed words · FY2023
01

The organization's flagship annual event is maha festival, which highlights the best of our city and mobilizes our community by bringing in national music talent and providing a platform for local musicians to perform, engaging with dozens of local programming partners, attracting thousands of individuals to volunteer each year, and…

$18Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Creighton UniversityFY2024$25K
Total grants receivedfrom 1 funder$25K

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$115K
Ln 12
Gifts and grantsLn 1h$114K
Investment incomeLn 3$1K
Money outPt IX
$38K
Ln 25
Programscol B$18K
Managementcol C$20K
Owns and owesPt X
$118K
net assets · Ln 32
Cash and savingsLn 1–2$119K
Total assetsLn 16$119K
LiabilitiesLn 26$1K
PeoplePt VI, VII
10
listed · VII A
PaidVII A0
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$114K
Investment incomeLn 3$1K
Total revenueLn 12$115K
Assets in detailPt X, end of year
CashLn 1$25K
SavingsLn 2$94K
Cash and savings togetherLn 1–2$119K
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$119K
LiabilitiesLn 26$1K
Net assetsLn 32$118K
OperationsPt I, VI
EmployeesI 57
VolunteersI 6850
Fiscal year endsHeaderSeptember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$46K$119K
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$46K$119K
LiabilitiesLn 26$4K$1K
Net assetsLn 32$42K$118K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$8K$8K
Management feesLn 11a$5K$5K
Legal feesLn 11b$25$25
Accounting feesLn 11c$7K$7K
InsuranceLn 23$3K$3K
Other expenses (24a–d)Ln 24$16K$16K
All other expensesLn 24e$180$180
Total functional expensesLn 25$38K$18K$20K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $1.1M$1.0M$111K$229K 990 PDF
FY2024 Viewing $115K$38K$76K$118K 990 PDF
FY2023 $1.1M$1.7M−$595K$42K 990 PDF
FY2022 $1.2M$1.4M−$191K$636K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $114,713 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $612,105$113,689
I-9 Program service revenuePrior year $526,803$0
I-10 Investment incomePrior year $10,018$1,024
I-11 Other revenuePrior year $996$0
I-12 Total revenuePrior year $1,149,922$114,713
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $283,305$8,339
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,461,344$29,879
I-18 Total expensesPrior year $1,744,649$38,218
I-19 Revenue less expensesPrior year −$594,727$76,495
Part VI · Governance 10 of 10 board members independent, no flags
VI-1a Voting members of the governing body10
VI-1b Independent voting members10
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $114,713 across 4 lines filed
VIII-1f All other contributions, gifts and grants$113,689
VIII-1h Total contributions, gifts and grants$113,689
VIII-3 Investment incomeExcluded from tax $1,024$1,024
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $1,024$114,713
Part IX · Statement of functional expenses $38,218 across 7 lines filed
IX-7 Other salaries and wagesManagement $8,339$8,339
IX-11a Management feesManagement $4,923$4,923
IX-11b Legal feesManagement $25$25
IX-11c Accounting feesManagement $6,562$6,562
IX-23 InsurancePrograms $2,658$2,658
IX-24 Other expenses (24a–d)Programs $15,531$15,531
IX-24e All other expensesManagement $180$180
IX-25 Total functional expensesPrograms $18,189 · Management $20,029 · Fundraising $0$38,218
Part X · Balance sheet $119,301 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $42,907$25,203
X-2 Savings and temporary cash investmentsStart of year $3,074$94,098
X-10c Land, buildings and equipment, netStart of year $0$0
X-16 Total assetsStart of year $45,981$119,301
X-25 Other liabilitiesStart of year $4,246$1,092
X-26 Total liabilitiesStart of year $4,246$1,092
X-27 Net assets without donor restrictionsStart of year $41,735$118,209
X-32 Total net assets or fund balancesStart of year $41,735$118,209
X-33 Total liabilities and net assetsStart of year $45,981$119,301
Part XI · Reconciliation of net assets $118,209 net assets at year end
XI-1 Total revenue$114,713
XI-2 Total expenses$38,218
XI-3 Revenue less expenses$76,495
XI-4 Net assets at start of year$41,735
XI-8 Prior period adjustments−$21
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$118,209

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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