Downtown Riverfront Trust EIN 81-4619812 Form 990 (PDF) Claim this org

Downtown Riverfront Trust

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Develops the Missouri River waterfront for public benefit and use. For fiscal year 2024 it reported $398K in revenue, $516K in expenses, and $314K in net assets.Pt I

Type
Public charity (501(c)(3)) · Community Development
Location
Omaha, NE
Filings
5 on file (2020–2024)
Revenue
$398KFY2024
Expenses
$516K
Net assets
$314K
People
7
Filings
5
Updates
0
More identity details & actions ⌄
EIN  81-4619812 Public charity (501(c)(3)) Omaha, NE
Form 990 (PDF)
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Size
$100K–1M
What they do
Develops the Missouri River waterfront for public benefit and use.
Leadership
Kenneth Stinson · Chairman
Money in and out
$398K revenue, $516K expenses
Bottom line
76% program efficiency
Where the money goes · FY2024
Total revenue
$398K
Pt VIII · Ln 12
Total expenses
$516K
Pt IX · Ln 25
Net assets
$314K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$118K
Where spending went · Part IX cols B–D
Program services $0.76 Management & general $0.24
Program efficiency
76%
of spending reaches programs▼ -13% vs prior filing year
Operating runway
19.0mo
months of highly liquid reserves at operating expense rate▲ +47% vs prior filing year
Surplus margin
-30%
revenue over expenses, this year▼ -141% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$398K
FY2024▼ -55%
Expenses
$516K
FY2024▼ -49%
Total assets
$13.6M
FY2024▼ -35%
Total liabilities
$13.3M
FY2024▼ -35%
Total revenue
$398K
Pt VIII · Ln 12
Total expenses
$516K
Pt IX · Ln 25
Net assets
$314K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$118K
Total assetsPt X · Ln 16$13.6M
Program-expense ratioPt IX · col B76%
Voting members of governing bodyPt I · Ln 34
Independent voting membersPt I · Ln 44

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CDowntown Riverfront Trust
EINHdr · item D81-4619812
Principal addressHdr · item COmaha, NE
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MNE
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFCommunity Development (S12)
Ruling yearIRS BMFMar 2017

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a4
Independent voting membersPt VI · Ln 1b4
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
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Mission & Programs · Part III

Where the work happens

1 program service account for $392K of program spending, described in the organization's own filed words · FY2024.
01

Downtown riverfront trust, in collaboration with the city of omaha, the metropolitan entertainment & convention authority (meca) and a riverfront revitalization committee have assumed responsibility for the planning, design and construction of the new tri-park complex on three city of omaha owned properties currently referred to as lewis…

$392Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$372K · 93%
Investment income$27K · 7%
Contributions & grants93%$372K
Investment income7%$27K
Total revenueLn 12$398K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.76 Management & general $0.24
Program services76%$392K
Management & general24%$124K
Total functional expensesLn 25$516K

Balance Sheet

Part X · end of year
CashLn 1$815K
Total assetsLn 16$13.6M
Total liabilitiesLn 26$13.3M
Total net assetsLn 32$314K
Months of cash on handcomputed19.0

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $815K · Operating expenses/yr $516K
19.0 months
Where the money goes
Program services
Program services $392K · Total expenses $516K
76%
Management & General
Management & general $124K · Total expenses $516K
24%
Fundraising
Fundraising $0 · Total expenses $516K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $1.6M
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $372K · Total revenue $398K
93%
Government reliance
Government grants — · Total revenue $398K
Earned-income share
Program service revenue $0 · Total revenue $398K
0%
Investment reliance
Investment income $27K · Total revenue $398K
+7%
Program self-sufficiency
Program service revenue $0 · Total expenses $516K
0%
Growth & trend
Revenue growth (YoY)
This year $398K · Prior year $894K
-55%
Revenue CAGR
FY2020 $37.0M · FY2024 $398K
-68%
Net-asset trend (YoY)
End of year $314K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $398K · Expenses $516K
-30%
Liabilities-to-Assets
Total liabilities — · Total assets $13.6M
Net-asset ratio
Net assets $314K · Total assets $13.6M
2%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $13.6M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Kenneth Stinson · Reported title CHAIRMAN · Highest reported compensation $0 · Total expenses $516K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $516K
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 76%
Overhead ratio 24%
Fundraising cost ratio 0%
Revenue growth -55%
Accounting fee ratio 2%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2024
See all 10 funders →
Grants paid · 4 grants · $34.0M · 2021–2024
Riverfront ProjectFY2024$392,321
Riverfront ProjectFY2023$877,552
Riverfront ProjectFY2022$3,856,253
Meca Tri-Park Complex LLCFY2021$28,895,881

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$398K revenue · viewing · ⤓ 990 PDF
FY2023$894K revenue · ⤓ 990 PDF
FY2022$3.7M revenue · ⤓ 990 PDF
FY2021$28.9M revenue · ⤓ 990 PDF
FY2020$37.0M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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