Vera Rasmussen Irrevocable Trust

Tax-deductible

Omaha, NE501(c)(3)Since 1982ReligionEIN 47-6132453

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Provide support for unity church of omaha

501(c)(3) charity; gifts are tax-deductible.
89¢ of each $1 spent went to programs.
$17K 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

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
0 of 6
filings with a surplus
Average deficit $105K a year · 72% of revenue · last 6 filings
Concern: a surplus in 0 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
89%
of spending
Looks good: 89% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$17K
to officers and key staff · 7% of spending
Top officer’s pay lower than 86% of similar orgs
Looks good: pay to officers and key staff is 7% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Fine: 1.8 months of spending in cash; 1 to 3.
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
1
of 1 voting members
Looks good: 1 of 1 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$143K
-15% vs prior year
Spent
$264K
To programs
89%
Net assets
$2.6M
By yearFY2020–FY2025
Revenue
$143K
FY2025▼ -15%
Revenue by fiscal year
FY2020$123K
FY2021$276K
FY2022$77K
FY2023$85K
FY2024$168K
FY2025$143K
Expenses
$264K
FY2025▲ +36%
Expenses by fiscal year
FY2020$228K
FY2021$391K
FY2022$233K
FY2023$194K
FY2024$194K
FY2025$264K
Net assets
$2.6M
FY2025▲ +0.8%
Net assets by fiscal year
FY2020$3.1M
FY2021$3.1M
FY2022$2.6M
FY2023$2.6M
FY2024$2.6M
FY2025$2.6M

From the FY2025 Form 990 · see the original

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Mar 2001.

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

Where the money goes

89 cents of each dollar spent went to programs.

Program services 89% · $235K Management & general 11% · $29K

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

2 people listed on the 990; $17K paid to officers and key staff.

Part VII, Section A · reportable compensation
$17,223Pt VII · Sec A
Finance Committee
$0Pt VII · Sec A

Union Bank Trust Company’s $17K as Trustee is at the 14th percentile of top reported officer pay among 2133 $100K–1M religion 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

NameFY2025FY2024FY2023FY2022FY2021FY2020
Union Bank & Trust Company——$13,392$14,265$16,138$21,256
Union Bank Trust Company$17,223$16,224————

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 15aNo

Programs and updates

Offers support to Unity Church of Omaha.

Provided by the organization

This section is blank until Vera Rasmussen Irrevocable Trust claims this page.

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1 program service account for $235K of program spending, described in the organization's own filed words · FY2025.
01

This trust was established for the benefit of Unity Church of Omaha. Trust earnings are used to support the church.

$235Kprogram 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 · this organization's grantmaking
Grants paid · 2 grants · $403K · 2024–2025
Unity Church of OmahaNE · FY2025$235,000
Unity Church of OmahaNE · FY2024$168,000

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$143K
Ln 12
Investment incomeLn 3$143K
Money outPt IX
$264K
Ln 25
Programscol B$235K
Managementcol C$29K
Owns and owesPt X
$2.6M
net assets · Ln 32
Cash and savingsLn 1–2$40K
Total assetsLn 16$2.6M
LiabilitiesLn 26$0
PeoplePt VI, VII
2
listed · VII A
PaidVII A1
Voting boardVI 1a1
IndependentVI 1b1
2In more detail
Revenue in detailPt VIII
Investment incomeLn 3$143K
Gains on assetsLn 7$61K
Total revenueLn 12$143K
Assets in detailPt X, end of year
CashLn 1$63
SavingsLn 2$40K
Cash and savings togetherLn 1–2$40K
InvestmentsLn 11–13$2.6M
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$0
Total assetsLn 16$2.6M
LiabilitiesLn 26$0
Net assetsLn 32$2.6M
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
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 FY25End FY25
Cash and savingsLn 1–2$76K$40K
InvestmentsLn 11–13$2.5M$2.6M
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$2.6M$2.6M
LiabilitiesLn 26$0$0
Net assetsLn 32$2.6M$2.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$235K$235K
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$17K$17K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$0
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$0
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$3K$3K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$7K$7K
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$0
Office expensesLn 13$0
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$0
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$0
Other expenses (24a–d)Ln 24$2K$2K
Total functional expensesLn 25$264K$235K$29K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $143K$264K−$121K$2.6M 990 PDF
FY2024 $168K$194K−$26K$2.6M 990 PDF
FY2023 $85K$194K−$109K$2.6M 990 PDF
FY2022 $77K$233K−$157K$2.6M 990 PDF
FY2021 $276K$391K−$115K$3.1M 990 PDF
FY2020 $123K$228K−$105K$3.1M 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 (4 parts)
Part VIII · Statement of revenue $143,259 across 7 lines filed
VIII-1h Total contributions, gifts and grants$0
VIII-3 Investment incomeExcluded from tax $81,804$81,804
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assetsExcluded from tax $61,455$61,455
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueExcluded from tax $143,259$143,259
Part IX · Statement of functional expenses $264,492 across 30 lines filed
IX-1 Grants to domestic organizationsPrograms $235,000$235,000
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staffManagement $17,223$17,223
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$0
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxes$0
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting feesManagement $2,880$2,880
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management feesManagement $7,382$7,382
IX-11g Other fees for services$0
IX-12 Advertising and promotion$0
IX-13 Office expenses$0
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 Occupancy$0
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 Insurance$0
IX-24 Other expenses (24a–d)Management $2,007$2,007
IX-25 Total functional expensesPrograms $235,000 · Management $29,492 · Fundraising $0$264,492
Part X · Balance sheet $2,629,231 assets, 22 lines filed
X-1 Cash, non-interest-bearingStart of year $0$63
X-2 Savings and temporary cash investmentsStart of year $76,482$40,428
X-3 Pledges and grants receivableStart of year $0$0
X-4 Accounts receivableStart of year $252$98
X-8 Inventories for sale or useStart of year $0$0
X-9 Prepaid expenses and deferred chargesStart of year $0$0
X-10c Land, buildings and equipment, netStart of year $0$0
X-11 Publicly traded securitiesStart of year $2,532,189$2,588,642
X-12 Other securitiesStart of year $0$0
X-13 Program-related investmentsStart of year $0$0
X-14 Intangible assetsStart of year $0$0
X-15 Other assetsStart of year $0$0
X-16 Total assetsStart of year $2,608,923$2,629,231
X-17 Accounts payable and accrued expensesStart of year $0$0
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $0$0
X-20 Tax-exempt bond liabilitiesStart of year $0$0
X-24 Unsecured notes and loans payableStart of year $0$0
X-25 Other liabilitiesStart of year $0$0
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $2,608,923$2,629,231
X-33 Total liabilities and net assetsStart of year $2,608,923$2,629,231
Part XI · Reconciliation of net assets $2,629,231 net assets at year end
XI-1 Total revenue$143,259
XI-2 Total expenses$264,492
XI-3 Revenue less expenses−$121,233
XI-4 Net assets at start of year$2,608,923
XI-5 Net unrealized gains (losses) on investments$141,299
XI-9 Other changes in net assets$242
XI-10 Net assets at end of year$2,629,231

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

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