Nebraska Golf Foundation
- Assets
- $268.2k
- Revenue
- $61.5k
- Investments
- $251.7k
- Employees
- 0
- Location
- Omaha, NE
- Founding
- 06/2006
- Data as of
- 12/2022
- EIN
- 20-0910737
Organization Overview
Nebraska Golf Foundation is located in Omaha, NE. The organization was established in 2006. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nebraska Golf Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Nebraska Golf Foundation generated $61.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (6.8%) each year. All expenses for the organization totaled $164.7k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE NEBRASKA GOLF FOUNDATION IS A 501(C)(3) NONPROFIT ORGANIZATION ESTABLISHED TO PROMOTE AND CONSERVE THE TRUE SPIRIT OF THE GAME OF GOLF AND ITS LIFE ENHANCING VALUES. THE GROUPS FOCUS IS SUPPORTING PROGRAMS THAT TEACH LIFE SKILLS AND VALUES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN ORDER TO SERVE THEIR MISSION THE NEBRASKA GOLF ASSOCIATION AWARDS GRANTS, ADMINISTERS THE NEBRASKA GOLF FOUNDATION'S NEBRASKA KIDS ON COURSE PROGRAM TO CHILDREN FROM THE OMAHA BOYS AND GIRLS CLUBS, AND ADMINISTERS GREAT GOLF EXPECTATIONS, WHICH IS A PROGRAM THAT PROVIDES A SELECT GROUP OF JUNIOR GOLFERS AGES 13 AND OVER THE AVENUE TO POTENTIALLY PLAY GOLF AT A COLLEGE SCHOLARSHIP LEVEL. THE FOUNDATION ANNUALLY TEAMS UP WITH LOCAL YOUTH PROGRAMS TO CREATE A FULL SCHEDULE OF YOUTH GOLF CLINICS. THE NEBRASKA GOLF FOUNDATION AWARDS COLLEGE SCHOLARSHIPS TO STUDENTS IN THE UNIVERSITY OF NEBRASKA PROFESSIONAL GOLF MANAGEMENT PROGRAM AND ANNUALLY PRESENTS THE VIRGIL PARKER SCHOLARSHIP TO A GRADUATING MEMBER OF THE NEBRASKA JUNIOR GOLF ASSOCIATION WHO CONSISTENTLY EMBODIES THE INHERENT IN GOLF.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Meyer President | OfficerTrustee | 1 | $0 |
Harris A Frankel Director | Trustee | 1 | $0 |
Kim Robak Vice President | OfficerTrustee | 1 | $0 |
Bob Planansky Secretary/treasurer | OfficerTrustee | 1 | $0 |
John Sajevic Director | Trustee | 1 | $0 |
Greg Stine Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $11,380 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $11,380 |
| Total Program Service Revenue | $0 |
| Investment income | $17,452 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$11,578 |
| Net Income from Fundraising Events | $44,266 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $61,520 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $144,526 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $164,730 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $16,500 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $251,666 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $268,166 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $244,166 |
| Net assets with donor restrictions | $24,000 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $268,166 |