Nebraska Community Foundation

Tax-deductible

Lincoln, NE501(c)(3)Since 1993Foundations & GrantmakersEIN 47-0769903Revenue $60.9M in FY2025

On file with the IRSnebcommfound.org8100 S 15th St Ste A, 68512-9438 · Lincoln, NETax-exempt since May 1994Publicly supported charity — 170(b)(1)(A)(vi)

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The Nebraska Community Foundation unleashes abundant local assets, inspires charitable giving, and connects ambitious people to build stronger communities and a greater Nebraska.

501(c)(3) charity; gifts are tax-deductible.
86¢ of each $1 spent went to programs.
Run by 1,500 volunteers and 56 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · 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
3 of 5
filings with a surplus
Average surplus $19.1M a year · 32% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
86%
of spending
Looks good: 86% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$1.2M
to officers and key staff · 3% of spending
Top officer’s pay higher than 82% of similar orgs
Looks good: pay to officers and key staff is 3% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
12 mo
of spending, in cash
Looks good: 11.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $45K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$2.3M
0.8% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
20
of 20 voting members
Looks good: 20 of 20 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$60.9M
-8% vs prior year
Spent
$40.3M
To programs
86%
Net assets
$275.4M
By yearFY2021–FY2025
Revenue
$60.9M
FY2025▼ -8%
Tap a bar for its year
Revenue by fiscal year
FY2021$96.2M
FY2022$20.8M
FY2023$51.5M
FY2024$66.5M
FY2025$60.9M
Expenses
$40.3M
FY2025▲ +10%
Tap a bar for its year
Expenses by fiscal year
FY2021$29.9M
FY2022$39.9M
FY2023$53.8M
FY2024$36.7M
FY2025$40.3M
Net assets
$275.4M
FY2025▲ +8%
Tap a bar for its year
Net assets by fiscal year
FY2021$246.3M
FY2022$227.1M
FY2023$224.9M
FY2024$254.7M
FY2025$275.4M

From the FY2025 Form 990 (year ending June 2025) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in May 1994.

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

Where the money goes

86 cents of each dollar spent went to programs.

Program services 86% · $34.7M Management & general 12% · $4.6M Fundraising 2% · $877K

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

29 people listed on the 990; $1.2M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
President and CEO
$388,646Pt VII · Sec A
$221,796Pt VII · Sec A
Director of Gift Planning
$133,629Pt VII · Sec A
Director of Advancement
$121,304Pt VII · Sec A
Controller
$114,651Pt VII · Sec A
Director of Legal Affairs
$113,050Pt VII · Sec A
Director of Marketing
$112,999Pt VII · Sec A
Director
$0Pt VII · Sec A

Jeffrey G Yost’s $389K as President and CEO is at the 82nd percentile of top reported officer pay among 661 $10–100M philanthropy & grantmaking nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021
Jeffrey G Yost$388,646$333,045$308,681$259,495$244,784
Jason Kennedy$221,796$216,138$212,945$199,273$195,905
Kerry Belitz—$98,318$171,567$146,449$142,954
Diane M Wilson——$112,541$130,956$141,291
Jim Gustafson———$133,853$133,803
Todd Meckelburg$133,629$126,739———
Janny Crotty$121,304$104,039———
Kevin Warneke——$118,825——

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 Community 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 15aYes

Programs and updates

Empowers local leaders across Nebraska by providing training, financial management, and strategic support to raise funds and invest in their own communities.

Provided by the organization

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1 program · $34.7M · in their own filed words · FY2024
01

Nebraska community foundation (NCF) is a statewide organization that helps communities help themselves envision and create a better future. NCF works with 1,500 volunteer leaders of 258 affiliated funds located in communities across the state.

$34.7Mprogram 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$45K
Grants paid · 1,702 grants · $76.5M · 2020–2024
City of BassettFY2024$767,694
Omaha Performing Arts SocietyNE · FY2024$575,000
Joslyn Art MuseumNE · FY2024$560,000
Omaha Discovery TrustNE · FY2024$500,000
Heritage ServicesNE · FY2024$500,000
Unitemized GrantFY2024$446,781
The Willa Cather FoundationNE · FY2024$383,868
Y M C A of McCookNE · FY2024$345,960
Museum of Nebraska ArtNE · FY2024$260,000
Pender Public SchoolFY2024$257,481
Village of ColeridgeFY2024$216,073
United Way of the MidlandsNE · FY2024$212,260
See all 1,702 grants →

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$60.9M
Ln 12
Gifts and grantsLn 1h$32.4M
Other incomeLn 4–11$23.3M
Fees for servicesLn 2g$2.7M
Money outPt IX
$40.3M
Ln 25
Programscol B$34.7M
Managementcol C$4.6M
Fundraisingcol D$877K
Owns and owesPt X
$275.4M
net assets · Ln 32
Cash and savingsLn 1–2$38.8M
Total assetsLn 16$277.7M
LiabilitiesLn 26$2.3M
PeoplePt VI, VII
29
listed · VII A
PaidVII A7
Voting boardVI 1a20
IndependentVI 1b20
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$32.4M
Government grantsLn 1e$11.6M
Noncash giftsLn 1g$4.5M
Fundraising eventsLn 1c$529K
Fees for servicesLn 2g$2.7M
Investment incomeLn 3$2.6M
Other incomeLn 4–11$23.3M
Total revenueLn 12$60.9M
Assets in detailPt X, end of year
CashLn 1$19.5M
SavingsLn 2$19.3M
Cash and savings togetherLn 1–2$38.8M
InvestmentsLn 11–13$235.6M
Land, buildings, equipmentLn 10c$62K
Other assetsLn 15$1.0M
Total assetsLn 16$277.7M
LiabilitiesLn 26$2.3M
Net assetsLn 32$275.4M
OperationsPt I, VI
EmployeesI 556
VolunteersI 61,500
Fiscal year endsHeaderJune
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 FY25End FY25
Cash and savingsLn 1–2$40.8M$38.8M
InvestmentsLn 11–13$212.3M$235.6M
Land, buildings, equipmentLn 10c$50K$62K
Total assetsLn 16$256.4M$277.7M
LiabilitiesLn 26$1.7M$2.3M
Net assetsLn 32$254.7M$275.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$18.3M$18.3M
Grants to domestic individualsLn 2$447K$447K
Pay of current officers, directors and key staffLn 5$770K$126K$470K$174K
Other salaries and wagesLn 7$2.4M$1.2M$727K$477K
Pension plan contributionsLn 8$75K$39K$19K$17K
Other employee benefitsLn 9$256K$131K$74K$52K
Payroll taxesLn 10$210K$93K$74K$43K
Accounting feesLn 11c$35K$1K$34K
Investment management feesLn 11f$52K$52K
Other fees for servicesLn 11g$44K$6K$38K
Advertising and promotionLn 12$234K$173K$3K$58K
Office expensesLn 13$79K$29K$42K$9K
Information technologyLn 14$171K$171K
OccupancyLn 16$182K$103K$50K$29K
TravelLn 17$121K$91K$12K$18K
Conferences, conventions and meetingsLn 19$186K$135K$51K
Depreciation, depletion and amortizationLn 22$16K$139$16K
InsuranceLn 23$76K$34K$42K
Other expenses (24a–d)Ln 24$16.4M$13.7M$2.8M
All other expensesLn 24e$94K$82K$11K$2K
Total functional expensesLn 25$40.3M$34.7M$4.6M$877K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $60.9M$40.3M$20.7M$275.4M 990 PDF
FY2024 $66.5M$36.7M$29.8M$254.7M 990 PDF
FY2023 $51.5M$53.8M−$2.3M$224.9M 990 PDF
FY2022 $20.8M$39.9M−$19.1M$227.1M 990 PDF
FY2021 $96.2M$29.9M$66.3M$246.3M 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 $60,942,564 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $41,752,629$32,383,578
I-9 Program service revenuePrior year $2,438,671$2,698,939
I-10 Investment incomePrior year $2,401,856$2,579,580
I-11 Other revenuePrior year $19,912,893$23,280,467
I-12 Total revenuePrior year $66,506,049$60,942,564
I-13 Grants and similar amounts paidPrior year $15,372,754$18,789,751
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $3,340,414$3,749,452
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $17,955,130$17,727,978
I-18 Total expensesPrior year $36,668,298$40,267,181
I-19 Revenue less expensesPrior year $29,837,751$20,675,383
Part VI · Governance 20 of 20 board members independent, no flags
VI-1a Voting members of the governing body20
VI-1b Independent voting members20
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 $60,942,564 across 11 lines filed
VIII-1c Fundraising events$529,210
VIII-1e Government grants$11,617,389
VIII-1f All other contributions, gifts and grants$20,236,979
VIII-1g Noncash contributions (included above)$4,500,993
VIII-1h Total contributions, gifts and grants$32,383,578
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $2,698,939$2,698,939
VIII-3 Investment incomeExcluded from tax $2,579,580$2,579,580
VIII-5 RoyaltiesExcluded from tax $34,320$34,320
VIII-8 Net income from fundraising eventsExcluded from tax −$15,341−$15,341
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $23,261,488$23,261,488
VIII-12 Total revenueRelated to mission $2,698,939 · Unrelated business $0 · Excluded from tax $25,860,047$60,942,564
Part IX · Statement of functional expenses $40,267,181 across 20 lines filed
IX-1 Grants to domestic organizationsPrograms $18,342,970$18,342,970
IX-2 Grants to domestic individualsPrograms $446,781$446,781
IX-5 Pay of current officers, directors and key staffPrograms $125,511 · Management $470,241 · Fundraising $174,042$769,794
IX-7 Other salaries and wagesPrograms $1,234,906 · Management $726,840 · Fundraising $477,188$2,438,934
IX-8 Pension plan contributionsPrograms $38,545 · Management $19,483 · Fundraising $16,518$74,546
IX-9 Other employee benefitsPrograms $130,519 · Management $73,716 · Fundraising $51,695$255,930
IX-10 Payroll taxesPrograms $93,318 · Management $74,097 · Fundraising $42,833$210,248
IX-11c Accounting feesPrograms $1,195 · Management $33,935$35,130
IX-11f Investment management feesManagement $52,155$52,155
IX-11g Other fees for servicesPrograms $6,066 · Management $38,107$44,173
IX-12 Advertising and promotionPrograms $173,390 · Management $2,567 · Fundraising $57,696$233,653
IX-13 Office expensesPrograms $28,744 · Management $41,721 · Fundraising $8,636$79,101
IX-14 Information technologyManagement $170,905$170,905
IX-16 OccupancyPrograms $103,324 · Management $49,885 · Fundraising $28,985$182,194
IX-17 TravelPrograms $91,276 · Management $12,083 · Fundraising $17,937$121,296
IX-19 Conferences, conventions and meetingsPrograms $134,749 · Management $50,763$185,512
IX-22 Depreciation, depletion and amortizationPrograms $139 · Management $15,539$15,678
IX-23 InsurancePrograms $34,095 · Management $42,276$76,371
IX-24 Other expenses (24a–d)Programs $13,678,268 · Management $2,759,448$16,437,716
IX-24e All other expensesPrograms $81,869 · Management $10,511 · Fundraising $1,714$94,094
IX-25 Total functional expensesPrograms $34,745,665 · Management $4,644,272 · Fundraising $877,244$40,267,181
Part X · Balance sheet $277,693,915 assets, 16 lines filed
Asset lines not itemized here account for $101,740; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $32,213,621$19,463,215
X-2 Savings and temporary cash investmentsStart of year $8,629,019$19,338,053
X-3 Pledges and grants receivableStart of year $1,251,201$2,029,830
X-9 Prepaid expenses and deferred chargesStart of year $9,354$9,354
X-10c Land, buildings and equipment, netStart of year $50,090$62,272
X-11 Publicly traded securitiesStart of year $212,234,618$235,558,456
X-12 Other securitiesStart of year $81,685$81,687
X-15 Other assetsStart of year $1,144,096$1,049,308
X-16 Total assetsStart of year $256,373,144$277,693,915
X-17 Accounts payable and accrued expensesStart of year $402,861$1,191,324
X-25 Other liabilitiesStart of year $1,249,479$1,106,404
X-26 Total liabilitiesStart of year $1,652,340$2,297,728
X-27 Net assets without donor restrictionsStart of year $218,539,674$238,576,727
X-28 Net assets with donor restrictionsStart of year $36,181,130$36,819,460
X-32 Total net assets or fund balancesStart of year $254,720,804$275,396,187
X-33 Total liabilities and net assetsStart of year $256,373,144$277,693,915
Part XI · Reconciliation of net assets $275,396,187 net assets at year end
XI-1 Total revenue$60,942,564
XI-2 Total expenses$40,267,181
XI-3 Revenue less expenses$20,675,383
XI-4 Net assets at start of year$254,720,804
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$275,396,187

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

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