Northstar Foundation
- Assets
- $36.0m
- Revenue
- $3.2m
- Investments
- $0.0
- Employees
- 100
- Location
- Omaha, NE
- Founding
- 08/2007
- Data as of
- 12/2022
- 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 12/2022, 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 12/2022, Northstar Foundation generated $3.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $4.1m during the year ending 12/2022. While expenses have increased by 10.2% per year over the past 8 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
2022
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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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kim Rowell Director | Trustee | 1 | $0 |
John 'buzz' Garlock Director | Trustee | 1 | $0 |
Susie Buffett Secretary | OfficerTrustee | 1 | $0 |
Roy Patterson Chairman | OfficerTrustee | 1 | $0 |
Deanne Fairfield Director | Trustee | 1 | $0 |
Ryan Downs JD 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 | $162,475 |
| Related organizations | $0 |
| Government grants | $155,892 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,726,246 |
| Noncash contributions included in lines 1a–1f | $100,041 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,044,613 |
| Total Program Service Revenue | $19,928 |
| Investment income | $187,369 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$67,273 |
| Net Income from Fundraising Events | -$41,487 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,164,703 |
| 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. | $321,208 |
| Compensation of current officers, directors, key employees. | $80,302 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,401,653 |
| Pension plan accruals and contributions | $17,371 |
| Other employee benefits | $131,316 |
| Payroll taxes | $131,579 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $31,290 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $14,262 |
| Fees for services: Other | $0 |
| Advertising and promotion | $27,192 |
| Office expenses | $10,062 |
| Information technology | $54,387 |
| Royalties | $0 |
| Occupancy | $99 |
| Travel | $10,659 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $18,672 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $886,323 |
| Insurance | $90,044 |
| All other expenses | $464,154 |
| Total functional expenses | $4,125,622 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,385,303 |
| Savings and temporary cash investments | $896,446 |
| Pledges and grants receivable | $2,519,900 |
| Accounts receivable, net | $2,250 |
| 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 | $24,234,442 |
| Investments—publicly traded securities | $6,888,009 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $24,611 |
| Other assets | $0 |
| Total assets | $35,952,077 |
| Accounts payable and accrued expenses | $168,674 |
| 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 | $168,674 |
| Net assets without donor restrictions | $28,279,680 |
| Net assets with donor restrictions | $7,503,723 |
| 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 | $35,952,077 |