Platte Institute For Economic Research Inc
- Assets
- $405.5k
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 7
- Location
- Omaha, NE
- Founding
- 09/2007
- Data as of
- 12/2021
- EIN
- 20-8809060
Organization Overview
Platte Institute For Economic Research Inc is located in Omaha, NE. The organization was established in 2007. According to its NTEE Classification (V22) the organization is classified as: Economics, under the broad grouping of Social Science and related organizations. As of 12/2021, Platte Institute For Economic Research Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Platte Institute For Economic Research Inc 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 12/2021, Platte Institute For Economic Research Inc generated $1.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.9% each year. All expenses for the organization totaled $1.0m during the year ending 12/2021. While expenses have increased by 5.2% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE PLATTE INSTITUTE'S MISSION IS TO ADVANCE POLICIES THAT REMOVE BARRIERS TO ECONOMIC GROWTH AND OPPORTUNITY IN NEBRASKA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROTECTING NEBRASKA TAXPAYERS - TAXES ARE INVEITABLE IN OUR SOCIETY, BUT NOT ALL TAX POLICIES ARE CREATED EQUAL. THE PLATTE INSTITUTE ADVOCATES FOR TAX REFORMS THAT CREATE A SIMPLE, SUSTAINABLE TAX STRUCTURE THAT SUPPORTS ECONOMIC GROWTH. WE'VE HELPED TO DEFEAT MORE THAN $1 BILLION IN TAX INCREASES WHILE ADVANCING LEGISLATION REDUCING INCOME TAXES, PROPERTY TAXES, AND INHERITANCE TAXES--TO NAME A FEW--MAKING NEBRASKA A MORE WELCOMING PLACE TO EARN A PAYCHECK, OWN PROPERTY, RUN A BUSINESS, OR RETIRE.
BUILDING NEBRASKA'S WORKFORCE - THE PLATTE INSTITUTE IS EMPOWERING NEBRASKANS TO IDENTIFY AND COMBAT EXCESSIVE REGULATIONS, CREATING MORE OPPORTUNITIES FOR JOBSEEKERS AND ENTREPRENEURS, AND ENABLING NEW, INNOVATIVE BUSINESSES TO ENTER THE MARKETPLACE. OUR CAMPAIGN FOR JOB LICENSING REFORM HAS RECEIVED INTERNATIONAL RECOGNITION FOR OPENING CAREER AND SMALL BUSINESS PATHWAYS ACROSS THE STATE. REGULATION TOUCHES EVERY AREA OF OUR LIVES, AND OUR LEGISLATIVE EFFORTS ARE IMPROVING SERVICES AND AMENITIES AVAILABLE TO NEBRASKANS--FROM TRANSPORTATION TO HEALTH CARE TO FOOD AND BEVERAGE BUSINESSES.
GOVERNMENT EFFICIENCY/TRANSPARENCY - WE'RE GIVING NEBRASKANS TOOLS AND RESOURCES TO HELP THEM KEEP AN EYE ON HOW POLICYMAKERS MANAGE THEIR TAX DOLLARS AND DECIDE POLICIES THAT IMPACT ECONOMIC OPPORTUNITY. STATE LAWMAKERS OVERWHELMINGLY APPROVED OUR PROPOSAL FOR A TRUTH IN TAXATION REQUIREMENT FOR LOCAL PROPERTY TAXES, WHICH INFORMS TAXPAYERS BY MAIL ABOUT PROPOSED PROPERTY TAX INCREASES. IN COOPERATION WITH THE NONPROFIT FLATWATER FREE PRESS, WE'RE BRINGING MORE PUBLIC RECORDS TO LIGHT, STARTING WITH A PUBLIC DATABASE OF STATE EMPLOYEE SALARIES.
BLUEPRINT NEBRASKA - IN 2021, THE PLATTE INSTITUTE WAS SELECTED AS ONE OF THREE ORGANIZATIONS RESPONSIBLE FOR IMPLEMENTING THE BLUEPRINT NEBRASKA STRATEGIC PLAN FOR GROWING THE STATE'S ECONOMY. WORKING ALONGSIDE NEBRASKANS IN BUSINESS, GOVERNMENT, AND COMMUNITY LIFE, WE'RE ADVANCING SOLUTIONS IDENTIFIED IN THE 15-POINT GROWING THE GOOD LIFE REPORT, INCLUDING WAYS TO BUILD MORE AFFORDABLE HOUSING, DEPLOY HIGH-SPEED BROADBAND IN UNSERVED COMMUNITIES, AND MAKE NEBRASKA THE MOST WELCOMING STATE AMONG OUR PEERS FOR JOBSEEKERS AND ENTREPRENEURS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jim Vokal CEO | Officer | 40 | $185,092 |
Owen Palm Chair | OfficerTrustee | 1 | $0 |
Gail Werner-Robertson Director | Trustee | 1 | $0 |
Bob Dudley Director | Trustee | 1 | $0 |
Jim Jenkins Director | Trustee | 1 | $0 |
Jim Greisch Director (thru 2/2021) | 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 | $1,085,482 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,085,482 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,085,482 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $206,673 |
| Compensation of current officers, directors, key employees. | $40,657 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $470,933 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $45,163 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $21,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $27,664 |
| Advertising and promotion | $0 |
| Office expenses | $37,121 |
| Information technology | $15,233 |
| Royalties | $0 |
| Occupancy | $55,727 |
| Travel | $19,093 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $9,530 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,198 |
| Insurance | $3,304 |
| All other expenses | $206 |
| Total functional expenses | $1,025,633 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $276,491 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $113,150 |
| 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 | $9,572 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,321 |
| Total assets | $405,534 |
| Accounts payable and accrued expenses | $76,901 |
| 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 | $76,901 |
| Net assets without donor restrictions | $149,921 |
| Net assets with donor restrictions | $178,712 |
| 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 | $405,534 |
Grants Recieved
Over the last fiscal year, we have identified 15 grants that Platte Institute For Economic Research Inc has recieved totaling $340,017.
| Awarding Organization | Amount |
|---|---|
Lynde And Harry Bradley Foundation Inc Milwaukee, WI PURPOSE: TO SUPPORT A 2021 BRADLEY FREEDOM GRANT | $68,000 |
Robert And Ardis James Foundation Inc Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $65,000 |
Donors Trust Inc Alexandria, VA PURPOSE: for general operations | $31,500 |
Suzanne And Walter Scott Foundation Omaha, NE PURPOSE: GENERAL OPERATING SUPPORT | $30,000 |
Article Iv Arlington, VA PURPOSE: General support | $23,000 |
Atlas Economic Research Foundation Arlington, VA PURPOSE: Project Grant | $20,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Platte Institute For Economic Research Inc Omaha, NE | $405,534 | $1,085,482 |
Colorado Council On Economic Education Denver, CO | $1,209,798 | $956,730 |
Nebraska Council On Economic Education Lincoln, NE | $974,373 | $277,480 |
Kansas Council On Economic Education Wichita, KS | $218,215 | $462,218 |
Ronald Coase Institute St Louis, MO | $532,950 | $63,830 |
Society Of Economic Paleontologists & Mineralogists Inc Denver, CO | $54,579 | $0 |