The Foundry is a collaborative resource in downtown lincoln to support, educate, and develop the nebraska purpose driven Community.

501(c)(3) charity; gifts are tax-deductible.
75¢ of each $1 spent went to programs.
Run by 84 volunteers and 16 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
2 of 6
filings with a surplus
Average surplus $253K a year · 27% of revenue · last 6 filings
Worth a look: a surplus in 2 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
75%
of spending
Looks good: 75% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$133K
to officers and key staff · 11% of spending
Looks good: pay to officers and key staff is 11% of spending; 15% or less.
Pt VII · Sec A
4 mo
of spending, in cash
Looks good: 3.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $406K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$1.4M
62% of total assets
Fine: liabilities are 62% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
4
of 5 voting members
Looks good: 4 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.2M
+21% vs prior year
Spent
$1.2M
To programs
75%
Net assets
$834K
By yearFY2020–FY2025
Revenue
$1.2M
FY2025▲ +21%
Tap a bar for its year
Revenue by fiscal year
FY2020$473K
FY2021$1.2M
FY2022$1.2M
FY2023$608K
FY2024$956K
FY2025$1.2M
Expenses
$1.2M
FY2025▲ +18%
Tap a bar for its year
Expenses by fiscal year
FY2020$619K
FY2021$237K
FY2022$410K
FY2023$610K
FY2024$1.0M
FY2025$1.2M
Net assets
$834K
FY2025▼ -4%
Tap a bar for its year
Net assets by fiscal year
FY2020−$830K
FY2021$167K
FY2022$917K
FY2023$916K
FY2024$864K
FY2025$834K

From the FY2025 Form 990 · 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 Oct 2014.

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

Where the money goes

75 cents of each dollar spent went to programs.

Program services 75% · $891K Management & general 25% · $296K

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

6 people listed on the 990; $133K paid to officers and key staff.

Part VII, Section A · reportable compensation
Exec Director
$132,666Pt VII · Sec A
Board Chair
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Julie Murray-Jensen’s $133K as Exec Director is at the 86th percentile of top reported officer pay among 1709 $100K–1M community development 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 · 1 named individual · Part VII

NameFY2025FY2024FY2023
Julie Murray-Jensen$132,666$127,555$116,593

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
  • Loans to or from officersSch L · Pt II1 listed

Programs and updates

Offers a collaborative workspace and resources for nonprofits and socially minded businesses.

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Provided by the organization

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3 programs · $891K · in their own filed words · FY2025
01

To provide an expanded physical location for nonprofits that do not have their own LOCATION/SPACE. We provide nonprofits with shared space and amenities to support their missions and offere education, programs, workships, and other training and community events to tenants and community members.

$434Kprogram expense
02

To provide fiscal sponsorships and incubation support for emerging nonprofits focused on community impact in nebraska. Examples include: imagine omaha (focused on african american coaching), the omaha comedy festival (lifting up the omaha community with education and laughter), and the do more good movement (elevating purpose).

$270Kprogram expense
03

To provide talent and capacity support to nebraska nonprofits with signature programs such as intern foundry and base camp foundry.

$188Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2025
Total grants receivedfrom 1 funder$406K

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$1.2M
Ln 12
Gifts and grantsLn 1h$583K
Fees for servicesLn 2g$576K
Investment incomeLn 3$993
Money outPt IX
$1.2M
Ln 25
Programscol B$891K
Managementcol C$296K
Owns and owesPt X
$834K
net assets · Ln 32
Cash and savingsLn 1–2$354K
Total assetsLn 16$2.2M
LiabilitiesLn 26$1.4M
PeoplePt VI, VII
6
listed · VII A
PaidVII A1
Voting boardVI 1a5
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$583K
Government grantsLn 1e$11K
Noncash giftsLn 1g$191K
Fees for servicesLn 2g$576K
Investment incomeLn 3$993
Total revenueLn 12$1.2M
Assets in detailPt X, end of year
CashLn 1$354K
Cash and savings togetherLn 1–2$354K
Land, buildings, equipmentLn 10c$1.4M
Total assetsLn 16$2.2M
LiabilitiesLn 26$1.4M
Net assetsLn 32$834K
OperationsPt I, VI
EmployeesI 516
VolunteersI 684
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 FY25End FY25
Cash and savingsLn 1–2$305K$354K
Land, buildings, equipmentLn 10c$198K$1.4M
Total assetsLn 16$1.2M$2.2M
LiabilitiesLn 26$290K$1.4M
Net assetsLn 32$864K$834K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$397K$162K$235K
Other employee benefitsLn 9$14K$5K$9K
Payroll taxesLn 10$22K$13K$9K
Legal feesLn 11b$7K$7K
Accounting feesLn 11c$16K$16K
Other fees for servicesLn 11g$153K$130K$23K
Advertising and promotionLn 12$19K$17K$2K
Information technologyLn 14$22K$20K$2K
OccupancyLn 16$372K$370K$1K
TravelLn 17$25K$23K$2K
Conferences, conventions and meetingsLn 19$18K$18K
InterestLn 20$12K$12K$35
Depreciation, depletion and amortizationLn 22$22K$18K$3K
InsuranceLn 23$6K$1K$5K
Other expenses (24a–d)Ln 24$54K$53K$1K
All other expensesLn 24e$28K$25K$3K
Total functional expensesLn 25$1.2M$891K$296K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $1.2M$1.2M−$27K$834K 990 PDF
FY2024 $956K$1.0M−$51K$864K 990 PDF
FY2023 $608K$610K−$2K$916K 990 PDF
FY2022 $1.2M$410K$748K$917K 990 PDF
FY2021 $1.2M$237K$995K$167K 990 PDF
FY2020 $473K$619K−$146K−$830K 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 M · Noncash O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $1,160,003 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $489,467$583,026
I-9 Program service revenuePrior year $466,439$575,984
I-10 Investment income$993
I-11 Other revenue$0
I-12 Total revenuePrior year $955,906$1,160,003
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $274,883$433,122
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $732,487$753,662
I-18 Total expensesPrior year $1,007,370$1,186,784
I-19 Revenue less expensesPrior year −$51,464−$26,781
Part VI · Governance 4 of 5 board members independent, no flags
VI-1a Voting members of the governing body5
VI-1b Independent voting members4
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 $1,160,003 across 8 lines filed
VIII-1e Government grants$11,199
VIII-1f All other contributions, gifts and grants$571,827
VIII-1g Noncash contributions (included above)$191,252
VIII-1h Total contributions, gifts and grants$583,026
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $575,984$575,984
VIII-3 Investment incomeRelated to mission $993$993
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $576,977 · Unrelated business $0 · Excluded from tax $0$1,160,003
Part IX · Statement of functional expenses $1,186,784 across 16 lines filed
IX-7 Other salaries and wagesPrograms $161,907 · Management $235,313$397,220
IX-9 Other employee benefitsPrograms $5,127 · Management $8,517$13,644
IX-10 Payroll taxesPrograms $13,245 · Management $9,013$22,258
IX-11b Legal feesPrograms $7,149$7,149
IX-11c Accounting feesPrograms $15,854$15,854
IX-11g Other fees for servicesPrograms $129,888 · Management $22,677$152,565
IX-12 Advertising and promotionPrograms $17,325 · Management $1,584$18,909
IX-14 Information technologyPrograms $20,055 · Management $2,240$22,295
IX-16 OccupancyPrograms $370,291 · Management $1,331$371,622
IX-17 TravelPrograms $23,109 · Management $2,078$25,187
IX-19 Conferences, conventions and meetingsPrograms $18,154$18,154
IX-20 InterestPrograms $11,796 · Management $35$11,831
IX-22 Depreciation, depletion and amortizationPrograms $18,357 · Management $3,354$21,711
IX-23 InsurancePrograms $1,029 · Management $5,444$6,473
IX-24 Other expenses (24a–d)Programs $53,092 · Management $1,135$54,227
IX-24e All other expensesPrograms $24,800 · Management $2,885$27,685
IX-25 Total functional expensesPrograms $891,178 · Management $295,606 · Fundraising $0$1,186,784
Part X · Balance sheet $2,204,857 assets, 11 lines filed
Asset lines not itemized here account for $495,602; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $305,092$353,979
X-9 Prepaid expenses and deferred chargesStart of year $5,919$2,100
X-10c Land, buildings and equipment, netStart of year $198,427$1,353,176
X-16 Total assetsStart of year $1,154,769$2,204,857
X-17 Accounts payable and accrued expensesStart of year $22,290$940
X-19 Deferred revenueStart of year $50,665$172,279
X-24 Unsecured notes and loans payableStart of year $149,900$273,509
X-25 Other liabilities$6,000
X-26 Total liabilitiesStart of year $290,473$1,371,017
X-32 Total net assets or fund balancesStart of year $864,296$833,840
X-33 Total liabilities and net assetsStart of year $1,154,769$2,204,857
Part XI · Reconciliation of net assets $833,840 net assets at year end
XI-1 Total revenue$1,160,003
XI-2 Total expenses$1,186,784
XI-3 Revenue less expenses−$26,781
XI-4 Net assets at start of year$864,296
XI-8 Prior period adjustments−$3,675
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$833,840

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

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