Nebraska Enterprise Fund
- Assets
- $18.3m
- Revenue
- $5.3m
- Investments
- $0.0
- Employees
- 21
- Location
- Oakland, NE
- Founding
- 08/1997
- Data as of
- 06/2022
- EIN
- 31-1543695
Organization Overview
Nebraska Enterprise Fund is located in Oakland, NE. The organization was established in 1997. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 06/2022, Nebraska Enterprise Fund employed 21 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nebraska Enterprise Fund 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 06/2022, Nebraska Enterprise Fund generated $5.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 21.9% each year . All expenses for the organization totaled $2.8m during the year ending 06/2022. While expenses have increased by 22.7% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE NEBRASKA ENTERPRISE FUND ENVISIONS A VIBRANT SMALL BUSINESS ECO-SYSTEM WHERE EVERY SMALL AND MICRO BUSINESS HAS THE OPPORTUNITY TO START, GROW AND PROSPER. THE NEBRASKA ENTERPRISE FUND SUPPORTS UNDERSERVED COMMUNITIES BY PROVIDING MICRO AND SMALL BUSINESSES WITH ACCESS TO TRAINING, TECHNICAL ASSISTANCE, AND CAPITAL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTE GROWTH OF SMALL BUSINESS AND MICRO ENTERPRISE PROGRAMS IN NEBRASKA THROUGH TRAINING; TECHNICAL ASSISTANCE; PEER SUPPORT; RESEARCH AND PRODUCT DEVELOPMENT; CAPACITY BUILDING AND EVALUATION; AND SMALL BUSINESS LOANS OR CD GUARANTEES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Reiff Executive Director | Officer | 40 | $121,872 |
Kendall Scheer Board Chair | OfficerTrustee | 1 | $0 |
Joseph Hodges Board Vice Chair | OfficerTrustee | 1 | $0 |
Dave Wise Treasurer/secretary | OfficerTrustee | 1 | $0 |
Dan Mauk Board Emeritus | OfficerTrustee | 1 | $0 |
Shannon Filing Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $1,194 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $905,566 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,562,160 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,468,920 |
| Total Program Service Revenue | $819,144 |
| Investment income | $15,834 |
| 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 | $5,303,898 |
| 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. | $121,871 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $642,197 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $186,960 |
| Payroll taxes | $58,787 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,141 |
| Fees for services: Accounting | $70,888 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $307,619 |
| Advertising and promotion | $76,698 |
| Office expenses | $58,676 |
| Information technology | $1,672 |
| Royalties | $0 |
| Occupancy | $22,895 |
| Travel | $16,016 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $12,633 |
| Interest | $180,506 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,224 |
| Insurance | $11,173 |
| All other expenses | $81,026 |
| Total functional expenses | $2,807,150 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,727,970 |
| Savings and temporary cash investments | $917,183 |
| Pledges and grants receivable | $805,387 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $7,276,186 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $17,382 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $576,738 |
| Total assets | $18,320,846 |
| Accounts payable and accrued expenses | $199,685 |
| 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 | $7,694,452 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $7,894,137 |
| Net assets without donor restrictions | $8,528,943 |
| Net assets with donor restrictions | $1,897,766 |
| 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 | $18,320,846 |
Grants Awarded
Over the last fiscal year, Nebraska Enterprise Fund has awarded $21,615 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Lyons, NE PURPOSE: TO SUPPORT THE GROWTH OF SMALL BUSINESSES THROUGH PROVISION OF TRAINING AND EQUIPMENT. | $17,453 |
Kearney, NE PURPOSE: TO SUPPORT THE GROWTH OF SMALL BUSINESSES THROUGH PROVISION OF TRAINING AND EQUIPMENT. | $4,162 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Nebraska Enterprise Fund has recieved totaling $610,000.
| Awarding Organization | Amount |
|---|---|
Sherwood Foundation Omaha, NE PURPOSE: EXPANDING SMALL BUSINESS TRAINING & COACHING TO UNDERREPRESENTED ENTREPRENEURS | $200,000 |
Charles E Lakin Foundation Inc Council Bluffs, IA PURPOSE: CONTRIBUTION FOR GENERAL PURPOSES | $100,000 |
The Lozier Foundation Omaha, NE PURPOSE: FT STAFF POSITION FOR TECHNICAL ASSISTANCE | $65,000 |
Sherwood Foundation Omaha, NE PURPOSE: 2021 OPERATING GRANT | $60,000 |
Sherwood Foundation Omaha, NE PURPOSE: 2022 OPERATING GRANT | $60,000 |
Ewing Marion Kauffman Foundation Kansas City, MO PURPOSE: SUPPORT FOR THE 2021 HEARTLAND SPARK PROGRAM, A CAPACITY BUILDING PROGRAM FOR ENTREPRENEUR SUPPORT ORGANIZATIONS. 202108-11080 | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Stifel Charitable Inc St Louis, MO | $132,307,100 | $94,589,551 |
Amg Charitable Gift Foundation Greenwood Village, CO | $149,608,626 | $31,189,759 |
Faith Charitable Trust Omaha, NE | $0 | $922,113 |
David Lynch Foundation For Consciousness-Based Education And Fairfield, IA | $9,280,358 | $8,736,448 |
Peopleforbikes Foundation Boulder, CO | $3,836,789 | $4,747,548 |
Olathe Health System Inc Olathe, KS | $604,759,622 | $8,223,691 |
Grand Teton National Park Foundation Moose, WY | $17,490,260 | $12,374,107 |
Coxhealth Foundation Springfield, MO | $33,244,463 | $11,374,415 |
Colorado Springs Health Foundation Colorado Springs, CO | $192,761,783 | $20,158,263 |
Bass Pro Shops & Cabelas Outdoor Fund Springfield, MO | $14,575,213 | $9,618,697 |
Community Clinics At Mrh Craig, CO | $2,546,314 | $4,871,469 |
The Summit Foundation Breckenridge, CO | $22,333,564 | $6,446,939 |