Downtown Omaha Inc Foundation

Organization Overview

Downtown Omaha Inc Foundation is located in Omaha, NE. The organization was established in 2001. According to its NTEE Classification (A84) the organization is classified as: Commemorative Events, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2022, Downtown Omaha Inc Foundation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Downtown Omaha Inc 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 06/2022, Downtown Omaha Inc Foundation generated $408.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (12.0%) each year. All expenses for the organization totaled $380.6k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (9.1%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

SUPPORT OF CULTURAL ACTIVITIES IN DOWNTOWN OMAHA, NE.

Describe the Organization's Program Activity:

Part 3 - Line 4a

DOWNTOWN OMAHA INC. FOUNDATION COORDINATES THE HOLIDAY LIGHTS FESTIVAL IN DOWNTOWN OMAHA, NE. THIS EVENT ATTRACTS PEOPLE TO THE DOWNTOWN AREA AND PROVIDES OPPORTUNITIES TO SEE THE CULTURAL ACTIVITIES AVAILABLE DOWNTOWN SUCH AS MUSEUMS, THEATERS, AND THE ARTS.


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Board, Officers & Key Employees

Name (title)Compensation
Bob Perrin
President
$0
William Seidler
Vice Preside
$0
David Carrig
Treasurer
$0
Richard Callahan
Executive Di
$0
Angelyn Wang
Executive Di
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $15,000
All other contributions, gifts, grants, and similar amounts not included above$390,501
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$405,501
Total Program Service Revenue$0
Investment income $152
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 $2,380
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $408,033

Grants Recieved

Over the last fiscal year, we have identified 7 grants that Downtown Omaha Inc Foundation has recieved totaling $254,900.

Awarding OrganizationAmount
Sherwood Foundation

Omaha, NE

PURPOSE: NORTH & SOUTH OMAHA HOLIDAY LIGHTS

$76,900
Sherwood Foundation

Omaha, NE

PURPOSE: 2021 HOLIDAY LIGHTS FESTIVAL

$50,000
Robert B Daugherty Foundation

Omaha, NE

PURPOSE: PROGRAM SUPPORT

$50,000
Robert B Daugherty Foundation

Omaha, NE

PURPOSE: PROGRAM SUPPORT

$25,000
Peter Kiewit Foundation

Omaha, NE

PURPOSE: TO PROVIDE SUPPORT FOR THE 2021 OMAHA HOLIDAY LIGHTS FESTIVAL.

$25,000
The Lozier Foundation

Omaha, NE

PURPOSE: CHRISTMAS LIGHTS ON 24TH AND LAKE STREETS

$18,000
View Grant Recipient Profile

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