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Nebraska Greats Foundation FY2020 filing

Tax-deductible

Omaha, NE501(c)(3)Since 2014UnclassifiedEIN 45-5122321Revenue $455K in FY2020

On file with the IRSnebraskagreatsfoundation.org13617 Shirley St, 68144-1225 · Omaha, NETax-exempt since Jul 2014Publicly supported charity — 170(b)(1)(A)(vi)

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The Nebraska Greats Foundation is created to provide medical and emergency assistance to former and current athletes, both men and women, who lettered in their respective sports while attending a college or university in the state of Nebraska.

501(c)(3) charity; gifts are tax-deductible.
35¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2020 · 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
5 of 6
filings with a surplus
Average surplus $266K a year · 35% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
35%
of spending
Concern: 35% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
62 mo
of spending, in cash
Looks good: 62.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $62K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
13
of 13 voting members
Looks good: 13 of 13 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$455K
Spent
$150K
To programs
35%
Net assets
$782K
By yearFY2020–FY2025
Revenue
$455K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$455K
FY2021$772K
FY2022$901K
FY2023$1.2M
FY2024$647K
FY2025$663K
Expenses
$150K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$150K
FY2021$325K
FY2022$565K
FY2023$567K
FY2024$623K
FY2025$780K
Net assets
$782K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$782K
FY2021$1.3M
FY2022$1.6M
FY2023$2.2M
FY2024$2.2M
FY2025$2.1M

From the FY2020 Form 990 · see the original

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You’re viewing the FY2020 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 2014.

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

Where the money goes

35 cents of each dollar spent went to programs.

Program services 35% · $52K Management & general 65% · $98K

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

13 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Bill Hamik
Vice President
$0Pt VII · Sec A
Eric Crouch
Director
$0Pt VII · Sec A
Johnny Dorn
Secretary/Director
$0Pt VII · Sec A
Monte Kratzenstein
Treasurer/Director
$0Pt VII · Sec A
Mandy Monson
Director
$0Pt VII · Sec A
Brett Wetton
Director
$0Pt VII · Sec A
Garry Clark
Director
$0Pt VII · Sec A

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2025FY2024FY2023
Jim Rose——$67,019
Bud Synhorst—$52,789—
Monte Kratzenstein$27,385$6,000—

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 15aNo

Programs and updates

Provides medical and emergency aid to Nebraska college athletes.

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Provided by the organization

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1 program · $52K · in their own filed words · FY2020
01

Provided medical and emergency assistance to former athletes.

$52Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2025
Hawkins Sisters FoundationFY2025$60K
Lee and Bev Kunz FoundationFY2025$2K
Total grants receivedfrom 2 funders$62K
Grants paid · 7 grants · $1.0M · 2021–2025
Unitemized GrantFY2025$293,075
Unitemized GrantFY2025$76,860
Unitemized GrantFY2025$4,663
Unitemized GrantFY2024$252,731
Unitemized GrantFY2023$226,993
Unitemized GrantFY2022$114,303
Unitemized GrantFY2021$51,644

By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$455K
Ln 12
Gifts and grantsLn 1h$494K
Investment incomeLn 3$5K
Money outPt IX
$150K
Ln 25
Programscol B$52K
Managementcol C$98K
Owns and owesPt X
$782K
net assets · Ln 32
Cash and savingsLn 1–2$781K
Total assetsLn 16$782K
LiabilitiesLn 26$0
PeoplePt VI, VII
13
listed · VII A
PaidVII A0
Voting boardVI 1a13
IndependentVI 1b13
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$494K
Government grantsLn 1e$19K
Investment incomeLn 3$5K
Total revenueLn 12$455K
Assets in detailPt X, end of year
CashLn 1$781K
Cash and savings togetherLn 1–2$781K
Land, buildings, equipmentLn 10c$938
Total assetsLn 16$782K
LiabilitiesLn 26$0
Net assetsLn 32$782K
OperationsPt I, VI
EmployeesI 53
VolunteersI 69
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 FY20End FY20
Cash and savingsLn 1–2$476K$781K
Land, buildings, equipmentLn 10c$2K$938
Total assetsLn 16$477K$782K
LiabilitiesLn 26$0$0
Net assetsLn 32$477K$782K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$96K$96K
Accounting feesLn 11c$1K$1K
Advertising and promotionLn 12$16K$16K
Depreciation, depletion and amortizationLn 22$626$626
InsuranceLn 23$4K$4K
Other expenses (24a–d)Ln 24$30K$30K
All other expensesLn 24e$2K$2K
Total functional expensesLn 25$150K$52K$98K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $663K$780K−$116K$2.1M 990 PDF
FY2024 $647K$623K$23K$2.2M 990 PDF
FY2023 $1.2M$567K$600K$2.2M 990 PDF
FY2022 $901K$565K$336K$1.6M 990 PDF
FY2021 $772K$325K$447K$1.3M 990 PDF
FY2020 Viewing $455K$150K$305K$782K 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 FY2020 990 (6 parts)
Part I · Summary $455,068 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $316,769$493,540
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $5,116$4,643
I-11 Other revenuePrior year $73,663−$43,115
I-12 Total revenuePrior year $395,548$455,068
I-13 Grants and similar amounts paidPrior year $56,163$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 $139,236$150,287
I-18 Total expensesPrior year $195,399$150,287
I-19 Revenue less expensesPrior year $200,149$304,781
Part VI · Governance 13 of 13 board members independent, 4 to look at
VI-1a Voting members of the governing body13
VI-1b Independent voting members13
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $455,068 across 6 lines filed
VIII-1e Government grants$18,714
VIII-1f All other contributions, gifts and grants$474,826
VIII-1h Total contributions, gifts and grants$493,540
VIII-3 Investment incomeRelated to mission $4,643$4,643
VIII-8 Net income from fundraising eventsExcluded from tax −$43,115−$43,115
VIII-12 Total revenueRelated to mission $4,643 · Unrelated business $0 · Excluded from tax −$43,115$455,068
Part IX · Statement of functional expenses $150,287 across 7 lines filed
IX-11a Management feesManagement $96,367$96,367
IX-11c Accounting feesManagement $1,457$1,457
IX-12 Advertising and promotionPrograms $16,494$16,494
IX-22 Depreciation, depletion and amortizationPrograms $626$626
IX-23 InsurancePrograms $4,030$4,030
IX-24 Other expenses (24a–d)Programs $29,660$29,660
IX-24e All other expensesPrograms $1,653$1,653
IX-25 Total functional expensesPrograms $52,463 · Management $97,824 · Fundraising $0$150,287
Part X · Balance sheet $781,857 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $475,511$780,919
X-10c Land, buildings and equipment, netStart of year $1,565$938
X-16 Total assetsStart of year $477,076$781,857
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $477,076$781,857
X-32 Total net assets or fund balancesStart of year $477,076$781,857
X-33 Total liabilities and net assetsStart of year $477,076$781,857
Part XI · Reconciliation of net assets $781,857 net assets at year end
XI-1 Total revenue$455,068
XI-2 Total expenses$150,287
XI-3 Revenue less expenses$304,781
XI-4 Net assets at start of year$477,076
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$781,857

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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