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Omaha Development Council INC FY2022 filing

Not tax-deductible

Omaha, NE501(c)(6)EIN 47-0607858Revenue $250K in FY2022

On file with the IRS808 Conagra Dr Ste 400, 68102-5025 · Omaha, NETax-exempt since Dec 1978

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To enhance economic Development in Omaha and the surrounding communities with particular emphasis on rehabilitating distressed commercial areas in those communities.

100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(6)
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
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 5
filings with a surplus
Average deficit $4K a year · 1% of revenue · last 5 filings
Concern: a surplus in 0 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
3 mo
of spending, in cash
Looks good: 3.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
17
of 17 voting members
Looks good: 17 of 17 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$250K
×4169 vs prior year
Spent
$253K
To programs
100%
Net assets
$64K
By yearFY2020–FY2024
Revenue
$250K
FY2022▲ ×4169
Tap a bar for its year
Revenue by fiscal year
FY2020$225K
FY2021$60
FY2022$250K
FY2023$1.1M
FY2024$28K
Expenses
$253K
FY2022▲ ×56
Tap a bar for its year
Expenses by fiscal year
FY2020$231K
FY2021$5K
FY2022$253K
FY2023$1.1M
FY2024$30K
Net assets
$64K
FY2022▼ -4%
Tap a bar for its year
Net assets by fiscal year
FY2020$72K
FY2021$67K
FY2022$64K
FY2023$62K
FY2024$60K

From the FY2022 Form 990 · see the original

990 PDF Claim
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Dec 1978.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $253K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

17 people listed on the 990.

Part VII, Section A · reportable compensation
Todd Johnson
Executive Director
$0Pt VII · Sec A
Mike McCarthy
Treasurer
$0Pt VII · Sec A
John Boyer
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
David Brown
Secretary
$0Pt VII · Sec A
Jerry Crouse
Director
$0Pt VII · Sec A
Nate Dodge
Director
$0Pt VII · Sec A
Lance Fritz
Director
$0Pt VII · Sec A
See Omaha Development Council 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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Revitalizes distressed commercial areas to boost economic development in Omaha and surrounding communities.

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Provided by the organization

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1 program · $253K · in their own filed words · FY2022
01

All activities are in connection with the promotion of omaha welfare. Profits from programs and projects are used to enhance economic development in omaha and the surrounding communities with particular emphasis on rehabilitating distressed commerical areas in those communities.

$253Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · this organization's grantmaking
Grants paid · 7 grants · $1.6M · 2020–2023
Intervet INCFY2023$500,000
3m CompanyFY2023$350,000
Sygneta CorporationFY2023$250,000
The Scoular CompanyFY2022$150,000
Gruma Corporations DBA Mission FoodsFY2022$100,000
2c INCFY2020$150,000
Syngenta Crop Protection LLCFY2020$75,000

By the numbers

The FY2022 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$250K
Ln 12
Gifts and grantsLn 1h$250K
Investment incomeLn 3$112
Money outPt IX
$253K
Ln 25
Programscol B$253K
Owns and owesPt X
$64K
net assets · Ln 32
Cash and savingsLn 1–2$64K
Total assetsLn 16$64K
LiabilitiesLn 26$0
PeoplePt VI, VII
17
listed · VII A
PaidVII A0
Voting boardVI 1a17
IndependentVI 1b17
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$250K
Government grantsLn 1e$250K
Investment incomeLn 3$112
Total revenueLn 12$250K
Assets in detailPt X, end of year
SavingsLn 2$64K
Cash and savings togetherLn 1–2$64K
Total assetsLn 16$64K
LiabilitiesLn 26$0
Net assetsLn 32$64K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
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 FY22End FY22
Cash and savingsLn 1–2$68K$64K
Total assetsLn 16$68K$64K
LiabilitiesLn 26$313$0
Net assetsLn 32$67K$64K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$250K$250K
Accounting feesLn 11c$300$300
InsuranceLn 23$3K$3K
Other expenses (24a–d)Ln 24$203$203
Total functional expensesLn 25$253K$253K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $28K$30K−$2K$60K 990 PDF
FY2023 $1.1M$1.1M−$3K$62K 990 PDF
FY2022 Viewing $250K$253K−$3K$64K 990 PDF
FY2021 $60$5K−$4K$67K 990 PDF
FY2020 $225K$231K−$6K$72K 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 FY2022 990 (6 parts)
Part I · Summary $250,112 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$250,000
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $60$112
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $60$250,112
I-13 Grants and similar amounts paidPrior year $0$250,000
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 $4,529$3,104
I-18 Total expensesPrior year $4,529$253,104
I-19 Revenue less expensesPrior year −$4,469−$2,992
Part VI · Governance 17 of 17 board members independent, 2 to look at
VI-1a Voting members of the governing body17
VI-1b Independent voting members17
VI-2 Family or business relationship among officers or directorsYes
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $250,112 across 4 lines filed
VIII-1e Government grants$250,000
VIII-1h Total contributions, gifts and grants$250,000
VIII-3 Investment incomeExcluded from tax $112$112
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $112$250,112
Part IX · Statement of functional expenses $253,104 across 4 lines filed
IX-1 Grants to domestic organizationsPrograms $250,000$250,000
IX-11c Accounting feesPrograms $300$300
IX-23 InsurancePrograms $2,601$2,601
IX-24 Other expenses (24a–d)Programs $203$203
IX-25 Total functional expensesPrograms $253,104 · Management $0 · Fundraising $0$253,104
Part X · Balance sheet $64,318 assets, 7 lines filed
X-2 Savings and temporary cash investmentsStart of year $67,623$64,318
X-16 Total assetsStart of year $67,623$64,318
X-17 Accounts payable and accrued expensesStart of year $313$0
X-26 Total liabilitiesStart of year $313$0
X-27 Net assets without donor restrictionsStart of year $67,310$64,318
X-32 Total net assets or fund balancesStart of year $67,310$64,318
X-33 Total liabilities and net assetsStart of year $67,623$64,318
Part XI · Reconciliation of net assets $64,318 net assets at year end
XI-1 Total revenue$250,112
XI-2 Total expenses$253,104
XI-3 Revenue less expenses−$2,992
XI-4 Net assets at start of year$67,310
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$64,318

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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