Omaha Philanthropic Trust

Omaha, NEUnknown exempt organizationEIN 84-2566854Revenue $69K in FY2022

On file with the IRS10340 North 84th Street · Omaha, NE

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TO enhance the general welfare of the Omaha metropolitan community by providing fundraising support to public and charitable institutions and by assisting in the construction of facilities which will assist in achieving that goal.

90¢ of each $1 spent went to programs.
$321K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2022
latest Form 990
Worth a look: the latest return is for FY2022, 4 tax years back; more than 3 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 3
filings with a surplus
Average deficit $8K a year · 1% of revenue · last 3 filings
Concern: a surplus in 1 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
90%
of spending
Looks good: 90% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$321K
to officers and key staff · 22% of spending
Worth a look: pay to officers and key staff is 22% of spending; over 20%.
Pt VII · Sec A
Named funders
1
named funder · $315K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
total owed
No data yet: the filing does not give total assets.
Pt X · Ln 26
Independent board members
4
of 4 voting members
Looks good: 4 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$69K
+14% vs prior year
Spent
$1.5M
To programs
90%
Net assets
$0
By yearFY2020–FY2022
Revenue
$69K
FY2022▲ +14%
Tap a bar for its year
Revenue by fiscal year
FY2020$2.0M
FY2021$60K
FY2022$69K
Expenses
$1.5M
FY2022▲ +192%
Tap a bar for its year
Expenses by fiscal year
FY2020$155K
FY2021$510K
FY2022$1.5M
Net assets
$0
FY2022▼ -100%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.9M
FY2021$1.4M
FY2022$0

From the FY2022 Form 990 · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2022.

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

Where the money goes

90 cents of each dollar spent went to programs.

Program services 90% · $1.3M Management & general 10% · $152K

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

4 people listed on the 990; $321K paid to officers and key staff.

Part VII, Section A · reportable compensation
$300,865Pt VII · Sec A
$19,655Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2022FY2021FY2020
Susan L Morris$300,865$312,786$104,285
Jennifer Callahan$19,655$18,550$5,200

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

Programs and updates

Raises funds and supports building projects to improve the Omaha community's general welfare.

Questions for Omaha Philanthropic Trust

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Provided by the organization

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2 programs · $1.3M · in their own filed words · FY2022
01

At the end of 2022, all assets of Omaha Philanthropic Trust were transferred to Nebraska Philanthropic Trust. See Schedule N for more details.

$992Kprogram expense
02

Omaha Philanthropic Trust incurs certain operating costs in connection with fulfilling its mission of providing fundraising and project management services to nonprofit organizations. There costs include certain salaries and benefits and operating expenses.

$345Kprogram 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 · FY2022
Total grants receivedfrom 1 funder$315K

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$69K
Ln 12
Fees for servicesLn 2g$60K
Investment incomeLn 3$9K
Money outPt IX
$1.5M
Ln 25
Programscol B$1.3M
Managementcol C$152K
Owns and owesPt X
$0
net assets · Ln 32
Total assetsLn 16$0
LiabilitiesLn 26$0
PeoplePt VI, VII
4
listed · VII A
PaidVII A2
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$60K
Investment incomeLn 3$9K
Total revenueLn 12$69K
Assets in detailPt X, end of year
CashLn 1$0
SavingsLn 2$0
InvestmentsLn 11–13$0
Other assetsLn 15$0
Total assetsLn 16$0
LiabilitiesLn 26$0
Net assetsLn 32$0
OperationsPt I, VI
EmployeesI 54
VolunteersI 60
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 FY22End FY22
Cash and savingsLn 1–2$1.2M$0
InvestmentsLn 11–13$0
Total assetsLn 16$1.4M$0
LiabilitiesLn 26$6K$0
Net assetsLn 32$1.4M$0
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$323K$243K$81K
Other salaries and wagesLn 7$73K$55K$18K
Pension plan contributionsLn 8$4K$3K$1K
Payroll taxesLn 10$19K$14K$5K
Legal feesLn 11b$2K$2K
Accounting feesLn 11c$20K$20K
Other fees for servicesLn 11g$733$733
Office expensesLn 13$22K$5K$17K
Information technologyLn 14$7K$7K
TravelLn 17$12K$12K
Conferences, conventions and meetingsLn 19$14K$14K
Depreciation, depletion and amortizationLn 22$2K$2K
Other expenses (24a–d)Ln 24$992K$992K$0$0
Total functional expensesLn 25$1.5M$1.3M$152K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2022 Latest Viewing $69K$1.5M−$1.4M$0 990 PDF
FY2021 $60K$510K−$450K$1.4M 990 PDF
FY2020 $2.0M$155K$1.8M$1.9M 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 FY2022 990 (6 parts)
Part I · Summary $68,828 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $60,000$60,000
I-10 Investment incomePrior year $183$8,828
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $60,183$68,828
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $439,793$419,454
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $69,995$1,069,689
I-18 Total expensesPrior year $509,788$1,489,143
I-19 Revenue less expensesPrior year −$449,605−$1,420,315
Part VI · Governance 4 of 4 board members independent, no flags
VI-1a Voting members of the governing body4
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 $68,828 across 5 lines filed
VIII-1h Total contributions, gifts and grants$0
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $60,000 · Unrelated business $0 · Excluded from tax $0$60,000
VIII-3 Investment incomeRelated to mission $8,828 · Unrelated business $0 · Excluded from tax $0$8,828
VIII-5 RoyaltiesRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-12 Total revenueRelated to mission $68,828 · Unrelated business $0 · Excluded from tax $0$68,828
Part IX · Statement of functional expenses $1,489,143 across 13 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $242,596 · Management $80,865$323,461
IX-7 Other salaries and wagesPrograms $54,851 · Management $18,284$73,135
IX-8 Pension plan contributionsPrograms $3,142 · Management $1,047$4,189
IX-10 Payroll taxesPrograms $14,002 · Management $4,667$18,669
IX-11b Legal feesManagement $1,878$1,878
IX-11c Accounting feesManagement $19,655$19,655
IX-11g Other fees for servicesManagement $733$733
IX-13 Office expensesPrograms $5,142 · Management $16,588$21,730
IX-14 Information technologyManagement $6,525$6,525
IX-17 TravelPrograms $12,000$12,000
IX-19 Conferences, conventions and meetingsPrograms $13,704$13,704
IX-22 Depreciation, depletion and amortizationManagement $1,616$1,616
IX-24 Other expenses (24a–d)Programs $991,848 · Management $0 · Fundraising $0$991,848
IX-25 Total functional expensesPrograms $1,337,285 · Management $151,858 · Fundraising $0$1,489,143
Part X · Balance sheet $0 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $13,182$0
X-2 Savings and temporary cash investmentsStart of year $1,218,282$0
X-3 Pledges and grants receivable$0
X-4 Accounts receivableStart of year $192,805$0
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assets$0
X-16 Total assetsStart of year $1,425,885$0
X-17 Accounts payable and accrued expensesStart of year $5,570$0
X-26 Total liabilitiesStart of year $5,570$0
X-27 Net assets without donor restrictionsStart of year $1,420,315$0
X-28 Net assets with donor restrictionsStart of year $0$0
X-32 Total net assets or fund balancesStart of year $1,420,315$0
X-33 Total liabilities and net assetsStart of year $1,425,885$0
Part XI · Reconciliation of net assets $0 net assets at year end
XI-1 Total revenue$68,828
XI-2 Total expenses$1,489,143
XI-3 Revenue less expenses−$1,420,315
XI-4 Net assets at start of year$1,420,315
XI-5 Net unrealized gains (losses) on investments$0
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments$0
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$0

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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