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.
56¢ of each $1 spent went to programs.
$59K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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
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
56%
of spending
Worth a look: 56% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$59K
to officers and key staff · 9% of spending
Looks good: pay to officers and key staff is 9% of spending; 15% or less.
Pt VII · Sec A
6 mo
of spending, in cash
Looks good: 5.6 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
8
of 8 voting members
Looks good: 8 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$647K
-45% vs prior year
Spent
$623K
To programs
56%
Net assets
$2.2M
By yearFY2020–FY2025
Revenue
$647K
FY2024▼ -45%
Tap a bar for its year
Revenue by fiscal year
FY2020$455K
FY2021$772K
FY2022$901K
FY2023$1.2M
FY2024$647K
FY2025$663K
Expenses
$623K
FY2024▲ +10%
Tap a bar for its year
Expenses by fiscal year
FY2020$150K
FY2021$325K
FY2022$565K
FY2023$567K
FY2024$623K
FY2025$780K
Net assets
$2.2M
FY2024▲ +1%
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 FY2024 Form 990 · 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 2014.

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

Where the money goes

56 cents of each dollar spent went to programs.

Program services 56% · $352K Management & general 44% · $272K

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; $59K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director (through Sept 2024)
$52,789Pt VII · Sec A
Executive Director (as of Sept 2024)
$6,000Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Exec at Large
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$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.

See Nebraska Greats Foundation 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 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 · $352K · in their own filed words · FY2024
01

Provided medical and emergency assistance to former and current athletes.

$352Kprogram 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
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 FY2024 990, line by line.

1The main four
Money inPt VIII
$647K
Ln 12
Other incomeLn 4–11$375K
Gifts and grantsLn 1h$212K
Investment incomeLn 3$60K
Money outPt IX
$623K
Ln 25
Programscol B$352K
Managementcol C$272K
Owns and owesPt X
$2.2M
net assets · Ln 32
Cash and savingsLn 1–2$290K
Total assetsLn 16$2.2M
LiabilitiesLn 26$0
PeoplePt VI, VII
10
listed · VII A
PaidVII A2
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$212K
Fundraising eventsLn 1c$109K
Investment incomeLn 3$60K
Other incomeLn 4–11$375K
Gains on assetsLn 7−$13K
Total revenueLn 12$647K
Assets in detailPt X, end of year
CashLn 1$290K
Cash and savings togetherLn 1–2$290K
InvestmentsLn 11–13$1.9M
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$787
Total assetsLn 16$2.2M
LiabilitiesLn 26$0
Net assetsLn 32$2.2M
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 FY24End FY24
Cash and savingsLn 1–2$445K$290K
InvestmentsLn 11–13$1.7M$1.9M
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$2.2M$2.2M
LiabilitiesLn 26$579$0
Net assetsLn 32$2.2M$2.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$253K$253K
Pay of current officers, directors and key staffLn 5$59K$59K
Other salaries and wagesLn 7$155K$42K$113K
Payroll taxesLn 10$14K$4K$10K
Management feesLn 11a$14K$14K
Legal feesLn 11b$41K$41K
Advertising and promotionLn 12$1K$1K
Office expensesLn 13$5K$5K
Information technologyLn 14$796$796
TravelLn 17$8K$8K
InterestLn 20$41$41
InsuranceLn 23$4K$4K
Other expenses (24a–d)Ln 24$62K$39K$23K
All other expensesLn 24e$7K$6K$865
Total functional expensesLn 25$623K$352K$272K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $663K$780K−$116K$2.1M 990 PDF
FY2024 Viewing $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 $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 FY2024 990 (6 parts)
Part I · Summary $646,756 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $527,783$211,727
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $45,467$60,080
I-11 Other revenuePrior year $594,014$374,949
I-12 Total revenuePrior year $1,167,264$646,756
I-13 Grants and similar amounts paidPrior year $226,993$252,731
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $211,877$227,767
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $128,153$142,972
I-18 Total expensesPrior year $567,023$623,470
I-19 Revenue less expensesPrior year $600,241$23,286
Part VI · Governance 8 of 8 board members independent, 4 to look at
VI-1a Voting members of the governing body8
VI-1b Independent voting members8
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 $646,756 across 8 lines filed
VIII-1c Fundraising events$109,357
VIII-1f All other contributions, gifts and grants$102,370
VIII-1h Total contributions, gifts and grants$211,727
VIII-3 Investment incomeExcluded from tax $73,479$73,479
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$13,399−$13,399
VIII-8 Net income from fundraising eventsExcluded from tax $229,273$229,273
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $145,676$145,676
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $435,029$646,756
Part IX · Statement of functional expenses $623,470 across 14 lines filed
IX-2 Grants to domestic individualsPrograms $252,731$252,731
IX-5 Pay of current officers, directors and key staffManagement $58,789$58,789
IX-7 Other salaries and wagesPrograms $41,914 · Management $113,374$155,288
IX-10 Payroll taxesPrograms $3,541 · Management $10,149$13,690
IX-11a Management feesManagement $14,355$14,355
IX-11b Legal feesManagement $40,595$40,595
IX-12 Advertising and promotionManagement $1,272$1,272
IX-13 Office expensesManagement $4,641$4,641
IX-14 Information technologyPrograms $796$796
IX-17 TravelPrograms $7,980$7,980
IX-20 InterestManagement $41$41
IX-23 InsuranceManagement $4,194$4,194
IX-24 Other expenses (24a–d)Programs $38,997 · Management $23,270$62,267
IX-24e All other expensesPrograms $5,966 · Management $865$6,831
IX-25 Total functional expensesPrograms $351,925 · Management $271,545 · Fundraising $0$623,470
Part X · Balance sheet $2,212,548 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $444,901$290,387
X-10c Land, buildings and equipment, netStart of year $0$0
X-12 Other securitiesStart of year $1,744,940$1,921,374
X-15 Other assetsStart of year $0$787
X-16 Total assetsStart of year $2,189,841$2,212,548
X-17 Accounts payable and accrued expensesStart of year $447$0
X-25 Other liabilitiesStart of year $132$0
X-26 Total liabilitiesStart of year $579$0
X-27 Net assets without donor restrictionsStart of year $2,189,262$2,212,548
X-32 Total net assets or fund balancesStart of year $2,189,262$2,212,548
X-33 Total liabilities and net assetsStart of year $2,189,841$2,212,548
Part XI · Reconciliation of net assets $2,212,548 net assets at year end
XI-1 Total revenue$646,756
XI-2 Total expenses$623,470
XI-3 Revenue less expenses$23,286
XI-4 Net assets at start of year$2,189,262
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$2,212,548

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

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