Nebraska Angels INC

Lincoln, NEUnknown exempt organizationEIN 20-5189644Revenue $194K in FY2025

On file with the IRSnebraskaangels.org121 S 13th Street No 201 · Lincoln, NE

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To promote local economic development by providing initial capital investment for start-up companies.

Run by 11 volunteers.
Mission: Form 990 Part I, line 1 · People: Part I, lines 5–6

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FY2025 · Form 990Independent: from IRS data, not the org
Download 990
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
5 of 6
filings with a surplus
Average surplus $27K a year · 16% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Pay to officers and key staff
$129K
to officers and key staff · 84% of spending
Concern: pay to officers and key staff is 84% of spending; over 30%.
Pt VII · Sec A
Cash reserves
21 mo
of spending, in cash
Looks good: 21.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$23K
9% of total assets
Looks good: liabilities are 9% of assets; 50% or less.
Pt X · Ln 26
Independent board members
12
of 12 voting members
Looks good: 12 of 12 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$194K
+6% vs prior year
Spent
$154K
Net assets
$249K
By yearFY2020–FY2025
Revenue
$194K
FY2025▲ +6%
Tap a bar for its year
Revenue by fiscal year
FY2020$128K
FY2021$159K
FY2022$187K
FY2023$179K
FY2024$183K
FY2025$194K
Expenses
$154K
FY2025▲ +18%
Tap a bar for its year
Expenses by fiscal year
FY2020$103K
FY2021$132K
FY2022$166K
FY2023$181K
FY2024$131K
FY2025$154K
Net assets
$249K
FY2025▲ +19%
Tap a bar for its year
Net assets by fiscal year
FY2020$111K
FY2021$137K
FY2022$159K
FY2023$157K
FY2024$209K
FY2025$249K

From the FY2025 Form 990 · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025.

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

Who runs it and what they're paid

14 people listed on the 990; $129K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$128,634Pt VII · Sec A
Treasurer, Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Josh Bartels$128,634$81,053————
Stephanie Luebbe—$12,174$124,414$114,916$109,114$94,033

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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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

Funds new local businesses to boost economic growth.

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Provided by the organization

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3 programs · in their own filed words · FY2025
01

Nebraska angels, inc. Provided due diligence services regarding the individual angel members investments related to the following entities:opendorse - is the athlete marketing solution for teams, schools, advertisers, and agencies.

Pt IX · col B
02

Nebraska angels, inc. Provided due diligence services regarding the individual angel members investments related to the following entities:kpi ninja - provide data dashboards to health informaiton exchange (hie) companies, health systems, critical access hospitals, clinics, and direct primary care (DPC) organizations.

Pt IX · col B
03

Nebraska angels, inc. Provided due diligence services regarding the individual angel members investments related to the following entities:adjuvance - empowers health through fundamental breakthroughs in vaccine adjuvant design and manufacturing.

Pt IX · col B

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$194K
Ln 12
Gifts and grantsLn 1h$148K
Other incomeLn 4–11$34K
Investment incomeLn 3$12K
Money outPt IX
$154K
Ln 25
Owns and owesPt X
$249K
net assets · Ln 32
Cash and savingsLn 1–2$272K
Total assetsLn 16$272K
LiabilitiesLn 26$23K
PeoplePt VI, VII
14
listed · VII A
PaidVII A1
Voting boardVI 1a12
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$148K
Investment incomeLn 3$12K
Other incomeLn 4–11$34K
Total revenueLn 12$194K
Assets in detailPt X, end of year
SavingsLn 2$272K
Cash and savings togetherLn 1–2$272K
Total assetsLn 16$272K
LiabilitiesLn 26$23K
Net assetsLn 32$249K
OperationsPt I, VI
EmployeesI 50
VolunteersI 611
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$223K$272K
Total assetsLn 16$223K$272K
LiabilitiesLn 26$13K$23K
Net assetsLn 32$209K$249K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$3K
InsuranceLn 23$1K
Other expenses (24a–d)Ln 24$150K
Total functional expensesLn 25$154K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $194K$154K$40K$249K 990 PDF
FY2024 $183K$131K$52K$209K 990 PDF
FY2023 $179K$181K−$2K$157K 990 PDF
FY2022 $187K$166K$21K$159K 990 PDF
FY2021 $159K$132K$27K$137K 990 PDF
FY2020 $128K$103K$26K$111K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2025 990 (6 parts)
Part I · Summary $193,606 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $154,000$148,000
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $12,223$11,606
I-11 Other revenuePrior year $16,500$34,000
I-12 Total revenuePrior year $182,723$193,606
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 $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $130,583$154,006
I-18 Total expensesPrior year $130,583$154,006
I-19 Revenue less expensesPrior year $52,140$39,600
Part VI · Governance 12 of 12 board members independent, 3 to look at
VI-1a Voting members of the governing body12
VI-1b Independent voting members12
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $193,606 across 5 lines filed
VIII-1b Membership dues$148,000
VIII-1h Total contributions, gifts and grants$148,000
VIII-3 Investment incomeRelated to mission $11,606$11,606
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $8,000 · Unrelated business $26,000$34,000
VIII-12 Total revenueRelated to mission $19,606 · Unrelated business $26,000 · Excluded from tax $0$193,606
Part IX · Statement of functional expenses $154,006 across 3 lines filed
IX-11c Accounting fees$2,875
IX-23 Insurance$1,344
IX-24 Other expenses (24a–d)$149,787
IX-25 Total functional expenses$154,006
Part X · Balance sheet $272,110 assets, 6 lines filed
X-2 Savings and temporary cash investmentsStart of year $222,502$272,110
X-16 Total assetsStart of year $222,502$272,110
X-25 Other liabilitiesStart of year $13,270$23,278
X-26 Total liabilitiesStart of year $13,270$23,278
X-32 Total net assets or fund balancesStart of year $209,232$248,832
X-33 Total liabilities and net assetsStart of year $222,502$272,110
Part XI · Reconciliation of net assets $248,832 net assets at year end
XI-1 Total revenue$193,606
XI-2 Total expenses$154,006
XI-3 Revenue less expenses$39,600
XI-4 Net assets at start of year$209,232
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$248,832

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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