Foundry Community Foundation FY2024 filing

Tax-deductible

Lincoln, NE501(c)(3)Since 2014Community DevelopmentEIN 47-1812040

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.
64¢ of each $1 spent went to programs.
$128K 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
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
64%
of spending
Worth a look: 64% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$128K
to officers and key staff · 13% of spending
Looks good: pay to officers and key staff is 13% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
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
$290K
25% of total assets
Looks good: liabilities are 25% of assets; 50% or less.
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
$956K
+57% vs prior year
Spent
$1.0M
To programs
64%
Net assets
$864K
By yearFY2020–FY2025
Revenue
$956K
FY2024▲ +57%
Revenue by fiscal year
FY2020$473K
FY2021$1.2M
FY2022$1.2M
FY2023$608K
FY2024$956K
FY2025$1.2M
Expenses
$1.0M
FY2024▲ +65%
Expenses by fiscal year
FY2020$619K
FY2021$237K
FY2022$410K
FY2023$610K
FY2024$1.0M
FY2025$1.2M
Net assets
$864K
FY2024▼ -6%
Net assets by fiscal year
FY2020−$830K
FY2021$167K
FY2022$917K
FY2023$916K
FY2024$864K
FY2025$834K

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 Oct 2014.

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

Where the money goes

64 cents of each dollar spent went to programs.

Program services 64% · $649K Management & general 36% · $358K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

6 people listed on the 990; $128K paid to officers and key staff.

Part VII, Section A · reportable compensation
Exec Director
$127,555Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Board Chair
$0Pt VII · Sec A
Treasurer
$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 · 2 named individuals · Part VII

NameFY2025FY2024FY2023
Julie Murray-Jensen$132,666$127,555—
Julie Murray-Jensen——$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.

See Foundry 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
  • Loans to or from officersSch L · Pt II1 listed

Programs and updates

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

Provided by the organization

This section is blank until Foundry Community Foundation claims this page.

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3 program services account for $649K of program spending, described in the organization's own filed words · FY2024.
01

To provide a physical location for nonprofits that do not have their own location. It provides nonprofits with a shared location to share ideas and help each other succeed.

$429Kprogram expense
02

provided fiscal sponsorships for emerging non profits in the area of black enterprise, youth leadership development, social benefit, and culture

$112Kprogram expense
03

Conduct educational seminars, programs and other training events

$108Kprogram expense

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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 FY2024 990, line by line.

1The main four
Money inPt VIII
$956K
Ln 12
Gifts and grantsLn 1h$489K
Fees for servicesLn 2g$466K
Money outPt IX
$1.0M
Ln 25
Programscol B$649K
Managementcol C$358K
Owns and owesPt X
$864K
net assets · Ln 32
Cash and savingsLn 1–2$305K
Total assetsLn 16$1.2M
LiabilitiesLn 26$290K
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$489K
Noncash giftsLn 1g$171K
Fees for servicesLn 2g$466K
Total revenueLn 12$956K
Assets in detailPt X, end of year
CashLn 1$305K
Cash and savings togetherLn 1–2$305K
Land, buildings, equipmentLn 10c$198K
Total assetsLn 16$1.2M
LiabilitiesLn 26$290K
Net assetsLn 32$864K
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 FY24End FY24
Cash and savingsLn 1–2$325K$305K
Land, buildings, equipmentLn 10c$197K$198K
Total assetsLn 16$1.3M$1.2M
LiabilitiesLn 26$337K$290K
Net assetsLn 32$916K$864K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$256K$20K$236K
Payroll taxesLn 10$19K$1K$18K
Legal feesLn 11b$2K$2K
Accounting feesLn 11c$16K$14K$2K
Other fees for servicesLn 11g$218K$133K$84K
Advertising and promotionLn 12$32K$32K$440
Information technologyLn 14$12K$10K$2K
OccupancyLn 16$355K$352K$3K
TravelLn 17$3K$2K$353
InterestLn 20$12K$12K
Depreciation, depletion and amortizationLn 22$15K$12K$3K
InsuranceLn 23$3K$50$3K
Other expenses (24a–d)Ln 24$48K$43K$6K
All other expensesLn 24e$17K$17K$10
Total functional expensesLn 25$1.0M$649K$358K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $1.2M$1.2M−$27K$834K 990 PDF
FY2024 Viewing $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 I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (4 parts)
Part VIII · Statement of revenue $955,906 across 6 lines filed
VIII-1f All other contributions, gifts and grants$489,467
VIII-1g Noncash contributions (included above)$171,252
VIII-1h Total contributions, gifts and grants$489,467
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $466,439$466,439
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $466,439 · Unrelated business $0 · Excluded from tax $0$955,906
Part IX · Statement of functional expenses $1,007,370 across 14 lines filed
IX-7 Other salaries and wagesPrograms $19,767 · Management $236,062$255,829
IX-10 Payroll taxesPrograms $1,289 · Management $17,765$19,054
IX-11b Legal feesPrograms $2,058$2,058
IX-11c Accounting feesPrograms $13,984 · Management $2,100$16,084
IX-11g Other fees for servicesPrograms $133,277 · Management $84,496$217,773
IX-12 Advertising and promotionPrograms $31,631 · Management $440$32,071
IX-14 Information technologyPrograms $10,117 · Management $1,936$12,053
IX-16 OccupancyPrograms $351,608 · Management $3,000$354,608
IX-17 TravelPrograms $2,312 · Management $353$2,665
IX-20 InterestPrograms $11,502$11,502
IX-22 Depreciation, depletion and amortizationPrograms $11,991 · Management $3,354$15,345
IX-23 InsurancePrograms $50 · Management $3,103$3,153
IX-24 Other expenses (24a–d)Programs $42,744 · Management $5,729$48,473
IX-24e All other expensesPrograms $16,692 · Management $10$16,702
IX-25 Total functional expensesPrograms $649,022 · Management $358,348 · Fundraising $0$1,007,370
Part X · Balance sheet $1,154,769 assets, 10 lines filed
Asset lines not itemized here account for $645,331; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $325,130$305,092
X-9 Prepaid expenses and deferred chargesStart of year $9,051$5,919
X-10c Land, buildings and equipment, netStart of year $197,089$198,427
X-16 Total assetsStart of year $1,252,600$1,154,769
X-17 Accounts payable and accrued expensesStart of year $8,536$22,290
X-19 Deferred revenueStart of year $46,597$50,665
X-24 Unsecured notes and loans payableStart of year $149,900$149,900
X-26 Total liabilitiesStart of year $336,840$290,473
X-32 Total net assets or fund balancesStart of year $915,760$864,296
X-33 Total liabilities and net assetsStart of year $1,252,600$1,154,769
Part XI · Reconciliation of net assets $864,296 net assets at year end
XI-1 Total revenue$955,906
XI-2 Total expenses$1,007,370
XI-3 Revenue less expenses−$51,464
XI-4 Net assets at start of year$915,760
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$864,296

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

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