Yates Fund FY2021 filing

Tax-deductible

Omaha, NE501(c)(3)Community DevelopmentEIN 86-3766216

To preserve the historic yates elementary building as a safe and vibrant facility, housing a coalition of non-profit tenants providing new americans and native nebraskans alike opportunities to work, play create, and grow together.

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
$11K 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

FY2021 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 4
filings with a surplus
Average surplus $1.7M a year · 81% of revenue · last 4 filings
Fine: a surplus in 3 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$11K
to officers and key staff · 35% of spending
Concern: pay to officers and key staff is 35% of spending; over 30%.
Pt VII · Sec A
Cash reserves
324 mo
of spending, in cash
Looks good: 323.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $5K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$3.0M
Spent
$32K
To programs
100%
Net assets
$3.0M
By yearFY2021–FY2024
Revenue
$3.0M
FY2021
Revenue by fiscal year
FY2021$3.0M
FY2022$3.4M
FY2023$1.4M
FY2024$768K
Expenses
$32K
FY2021
Expenses by fiscal year
FY2021$32K
FY2022$128K
FY2023$657K
FY2024$773K
Net assets
$3.0M
FY2021
Net assets by fiscal year
FY2021$3.0M
FY2022$6.3M
FY2023$7.0M
FY2024$7.0M

From the FY2021 Form 990 · see the original

You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Nov 2021.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $32K Management & general 0% · $90

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

Who runs it and what they're paid

4 people listed on the 990; $11K paid to officers and key staff.

Part VII, Section A · reportable compensation
$11,100Pt VII · Sec A
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A

Marie Helene Andre’s $80K as Executive Director is at the 56th 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

NameFY2024FY2023FY2022FY2021
Marie Helene Andre$79,833$75,938$20,913—
Daniel M Padilla$19,600—$17,985$11,100

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 Yates Fund 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 15aNo

Programs and updates

Preserves a historic building as a vibrant hub for New Americans and Native Nebraskans to work, play, create, and grow.

Provided by the organization

This section is blank until Yates Fund claims this page.

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1 program service account for $32K of program spending, described in the organization's own filed words · FY2021.
01

The primary activity of yates fund is to lease, renovate and maintain the yates elementary school building as a historic building located at 3260 davenport ST, omaha, ne, and to house non-profit tenants which work together to provide services to immigrants and others in need in the gifford park neighborhood and surrounding community of…

$32Kprogram 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$5K

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$3.0M
Ln 12
Gifts and grantsLn 1h$3.0M
Money outPt IX
$32K
Ln 25
Programscol B$32K
Managementcol C$90
Owns and owesPt X
$3.0M
net assets · Ln 32
Cash and savingsLn 1–2$853K
Total assetsLn 16$3.0M
LiabilitiesLn 26$0
PeoplePt VI, VII
4
listed · VII A
PaidVII A1
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$3.0M
Noncash giftsLn 1g$1.0M
Gains on assetsLn 7−$9K
Total revenueLn 12$3.0M
Assets in detailPt X, end of year
CashLn 1$853K
Cash and savings togetherLn 1–2$853K
InvestmentsLn 11–13$991K
Land, buildings, equipmentLn 10c$1.1M
Total assetsLn 16$3.0M
LiabilitiesLn 26$0
Net assetsLn 32$3.0M
OperationsPt I, VI
EmployeesI 50
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 FY21End FY21
Cash and savingsLn 1–2$853K
InvestmentsLn 11–13$991K
Land, buildings, equipmentLn 10c$0$1.1M
Total assetsLn 16$0$3.0M
LiabilitiesLn 26$0$0
Net assetsLn 32$0$3.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$11K$11K
Information technologyLn 14$60$60
OccupancyLn 16$10K$10K
InsuranceLn 23$7K$7K
Other expenses (24a–d)Ln 24$4K$4K$30
Total functional expensesLn 25$32K$32K$90$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $768K$773K−$5K$7.0M 990 PDF
FY2023 $1.4M$657K$699K$7.0M 990 PDF
FY2022 $3.4M$128K$3.3M$6.3M 990 PDF
FY2021 Viewing $3.0M$32K$3.0M$3.0M 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 FY2021 990 (4 parts)
Part VIII · Statement of revenue $3,000,806 across 5 lines filed
VIII-1f All other contributions, gifts and grants$3,010,010
VIII-1g Noncash contributions (included above)$1,011,540
VIII-1h Total contributions, gifts and grants$3,010,010
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$9,204−$9,204
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax −$9,204$3,000,806
Part IX · Statement of functional expenses $31,602 across 5 lines filed
IX-11a Management feesPrograms $11,100$11,100
IX-14 Information technologyManagement $60$60
IX-16 OccupancyPrograms $9,608$9,608
IX-23 InsurancePrograms $7,204$7,204
IX-24 Other expenses (24a–d)Programs $3,600 · Management $30$3,630
IX-25 Total functional expensesPrograms $31,512 · Management $90 · Fundraising $0$31,602
Part X · Balance sheet $2,969,204 assets, 8 lines filed
X-1 Cash, non-interest-bearing$852,678
X-10c Land, buildings and equipment, netStart of year $0$1,125,290
X-12 Other securities$991,236
X-16 Total assetsStart of year $0$2,969,204
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictions$2,969,204
X-32 Total net assets or fund balancesStart of year $0$2,969,204
X-33 Total liabilities and net assetsStart of year $0$2,969,204
Part XI · Reconciliation of net assets $2,969,204 net assets at year end
XI-1 Total revenue$3,000,806
XI-2 Total expenses$31,602
XI-3 Revenue less expenses$2,969,204
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$2,969,204

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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