Northstar Foundation
- Assets
- $38.7m
- Revenue
- $5.8m
- Investments
- $0.0
- Employees
- 100
- Location
- Omaha, NE
- Founding
- 08/2007
- Data as of
- 12/2021
- EIN
- 26-0494022
Organization Overview
Northstar Foundation is located in Omaha, NE. The organization was established in 2007. According to its NTEE Classification (O21) the organization is classified as: Boys Clubs, under the broad grouping of Youth Development and related organizations. As of 12/2021, Northstar Foundation employed 100 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Northstar 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 12/2021, Northstar Foundation generated $5.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.4% each year . All expenses for the organization totaled $3.5m during the year ending 12/2021. While expenses have increased by 9.1% 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
TO CHANGE YOUNG MENS' LIVES THROUGH PROGRAMMING THAT SUPPORTS, CHALLENGES, INSPIRES, AND INSTILLS A LIFE ROOTED IN EDUCATION, SELF DISCIPLINE, AND SERVICE TO THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTE THE EDUCATIONAL AND VOCATIONAL DEVELOPMENT OF YOUNG MEN.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Hazelrigg President | Officer | 60 | $178,500 |
Ryan Downs Chairman | OfficerTrustee | 1 | $0 |
Susie Buffett Secretary | OfficerTrustee | 1 | $0 |
Roy Patterson Vice-Chairman | OfficerTrustee | 1 | $0 |
Scott Semrad Treasurer | OfficerTrustee | 1 | $0 |
Thomas Lee Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Kiewit Building Group Inc Construction | 12/30/19 | $3,393,520 |
Hdr Inc Arch/engineering | 12/30/19 | $169,306 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $375,579 |
| Related organizations | $0 |
| Government grants | $246,944 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,455,432 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,077,955 |
| Total Program Service Revenue | $75,101 |
| Investment income | $159,306 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $437,327 |
| Net Income from Fundraising Events | $52,758 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,814,887 |
| 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. | $178,500 |
| Compensation of current officers, directors, key employees. | $44,625 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,475,585 |
| Pension plan accruals and contributions | $14,530 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $35,341 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $15,333 |
| Fees for services: Other | $0 |
| Advertising and promotion | $66,236 |
| Office expenses | $12,704 |
| Information technology | $29,660 |
| Royalties | $0 |
| Occupancy | $99 |
| Travel | $9,046 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $18,839 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $660,679 |
| Insurance | $118,480 |
| All other expenses | $529,133 |
| Total functional expenses | $3,485,955 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,001,763 |
| Savings and temporary cash investments | $722,664 |
| Pledges and grants receivable | $3,556,700 |
| Accounts receivable, net | $2,889 |
| 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 | $1,116 |
| Net Land, buildings, and equipment | $24,545,945 |
| Investments—publicly traded securities | $7,858,798 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $28,432 |
| Other assets | $0 |
| Total assets | $38,718,307 |
| Accounts payable and accrued expenses | $108,144 |
| 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 | $948,414 |
| Total liabilities | $1,056,558 |
| Net assets without donor restrictions | $29,304,232 |
| Net assets with donor restrictions | $8,357,517 |
| 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 | $38,718,307 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Northstar Foundation has recieved totaling $110,000.
| Awarding Organization | Amount |
|---|---|
Richard Brooke Foundation Omaha, NE PURPOSE: GENERAL OPERATING SUPPORT | $75,000 |
Sokolof Grandchildren Charitable Foundation Omaha, NE PURPOSE: EDUCATION PROGRAMS FOR YOUNG MEN | $25,000 |
Kruger Foundation Inc Plattsmouth, NE PURPOSE: GENERAL | $10,000 |
Endowment Analysis
| Beg. Balance | $7,171,071 |
| Earnings | $842,560 |
| Admin Expense | $15,333 |
| Other Expense | $139,500 |
| Ending Balance | $7,858,798 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Herbert Hoover Boys And Girls Club Of St Louis Inc Saint Louis, MO | $34,830,394 | $20,125,013 |
Boys Clubs Of Denver Foundation Denver, CO | $0 | $467,788 |
Rapid City Club For Boys Inc Rapid City, SD | $5,867,429 | $4,004,040 |
Northstar Foundation Omaha, NE | $38,718,307 | $5,814,887 |
Boys & Girls Clubs Of Central Iowa Inc Des Moines, IA | $16,468,237 | $3,569,749 |
Mathews-Dickey Boys & Girls Club St Louis, MO | $0 | $0 |
The Boys & Girls Clubs Of Weld County Inc Greeley, CO | $4,078,361 | $2,898,637 |
Gene Slays Boys Club Of St Louis Inc St Louis, MO | $8,424,925 | $3,077,761 |
Boys And Girls Club Of Joplin Missouri Joplin, MO | $4,212,424 | $2,037,118 |
Boys And Girls Clubs Of The Cedar Valley Inc Waterloo, IA | $6,410,769 | $1,977,000 |
Salt Fork Ymca Marshall, MO | $2,690,213 | $1,096,188 |
Boys And Girls Club Of Siouxland Inc Sioux City, IA | $6,710,861 | $2,702,019 |