Yates Fund EIN 86-3766216 Form 990 (PDF) Claim this org

Yates Fund FY2022 filing

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Preserves a historic building as a vibrant hub for New Americans and Native Nebraskans to work, play, create, and grow. For fiscal year 2022 it reported $3.4M in revenue, $128K in expenses, and $6.3M in net assets.Pt I

Type
Public charity (501(c)(3)) · Community Development
Location
Omaha, NE
Filings
4 on file (2021–2022)
Revenue
$3.4MFY2022
Expenses
$128K
Net assets
$6.3M
People
5
Filings
4
Updates
0
More identity details & actions ⌄
EIN  86-3766216 Public charity (501(c)(3)) Omaha, NE
Form 990 (PDF)
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →
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Size
$100K–1M
What they do
Preserves a historic building as a vibrant hub for New Americans and Native Nebraskans to work, play, create, and grow.
Leadership
Marie Helene Andre · Executive Director · $21K
Money in and out
$3.4M revenue, $128K expenses
Bottom line
79% program efficiency
Where the money goes · FY2022
Total revenue
$3.4M
Pt VIII · Ln 12
Total expenses
$128K
Pt IX · Ln 25
Net assets
$6.3M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $3.3M
Where spending went · Part IX cols B–D
Program services $0.79 Management & general $0.21
Program efficiency
79%
of spending reaches programs
Operating runway
165.3mo
months of highly liquid reserves at operating expense rate
Surplus margin
+96%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Revenue
$3.4M
FY2022▲ +14%
Expenses
$128K
FY2022▲ +305%
Total assets
$6.3M
FY2022▲ +111%
Total liabilities
$7K
FY2022
Total revenue
$3.4M
Pt VIII · Ln 12
Total expenses
$128K
Pt IX · Ln 25
Net assets
$6.3M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$3.3M
Total assetsPt X · Ln 16$6.3M
Program-expense ratioPt IX · col B79%
Voting members of governing bodyPt I · Ln 33
Independent voting membersPt I · Ln 43

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CYates Fund
EINHdr · item D86-3766216
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 (S20)
Ruling yearIRS BMFNov 2021

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a3
Independent voting membersPt VI · Ln 1b3
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 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Director
$20,913Pt VII · Sec A
$17,985Pt 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 1711 $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.

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Mission & Programs · Part III

Where the work happens

1 program service account for $101K of program spending, described in the organization's own filed words · FY2022.
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…

$101Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants100%$3.4M
Investment income$2K
Other revenue$4K
— government grantsLn 1e$1.0M
Total revenueLn 12$3.4M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.79 Management & general $0.21
Program services79%$101K
Management & general21%$27K
Total functional expensesLn 25$128K

Balance Sheet

Part X · end of year
CashLn 1$1.7M
Total assetsLn 16$6.3M
Total liabilitiesLn 26$7K
Total net assetsLn 32$6.3M
Months of cash on handcomputed160.9

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $1.8M · Operating expenses/yr $128K
165.3 months
Where the money goes
Program services
Program services $101K · Total expenses $128K
79%
Management & General
Management & general $27K · Total expenses $128K
21%
Fundraising
Fundraising $0 · Total expenses $128K
0%
Cost to raise $1
Fundraising expense (2-yr avg) $0 · Solicited contributions (2-yr avg) $2.7M
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $3.4M · Total revenue $3.4M
100%
Government reliance
Government grants $1.0M · Total revenue $3.4M
29%
Earned-income share
Program service revenue $0 · Total revenue $3.4M
0%
Investment reliance
Investment income $2K · Total revenue $3.4M
+0.06%
Program self-sufficiency
Program service revenue $0 · Total expenses $128K
0%
Growth & trend
Revenue growth (YoY)
This year $3.4M · Prior year $3.0M
+14%
Net-asset trend (YoY)
End of year $6.3M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $3.4M · Expenses $128K
+96%
Liabilities-to-Assets
Total liabilities — · Total assets $6.3M
Net-asset ratio
Net assets $6.3M · Total assets $6.3M
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) $47K · Total assets (Pt X, ln 16) $6.3M
0.7%
People & payroll
Highest Reported Total Compensation
Individual Marie Helene Andre · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $21K · Total expenses $128K
16%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $128K
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 79%
Overhead ratio 21%
Fundraising cost ratio 0%
Revenue growth 14%
Legal fee ratio 1%
Accounting fee ratio 3%

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 · funders on record
Grants received · FY2025
Total grants receivedfrom 1 funder$5K

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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)$768K revenue · ⤓ 990 PDF
FY2023$1.4M revenue · ⤓ 990 PDF
FY2022$3.4M revenue · viewing · ⤓ 990 PDF
FY2021$3.0M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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