Sowers Club Of Nebraska Foundation
- Assets
- $2.7m
- Revenue
- $322.4k
- Investments
- $0.0
- Employees
- 1
- Location
- Lincoln, NE
- Founding
- 03/1987
- Data as of
- 06/2022
- EIN
- 36-3465837
Organization Overview
Sowers Club Of Nebraska Foundation is located in Lincoln, NE. The organization was established in 1987. According to its NTEE Classification (O52) the organization is classified as: Youth Development - Agricultural, under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sowers Club Of Nebraska 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, Sowers Club Of Nebraska Foundation generated $322.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (9.2%) each year. All expenses for the organization totaled $198.4k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Sowers Club Of Nebraska Foundation has awarded 14 individual grants totaling $179,203. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORT YOUTH PROGRAMS & ACTIVITIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE GRANTS TO 501 (C) (3) ORGANIZATIONS IN LINCOLN NEBRASKA FOR FUNDING YOUTH PROGRAMS AND ACTIVITIES.
SCHOLARSHIPS TO STUDENTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Fiene President | OfficerTrustee | 1 | $0 |
Dick Stephenson Vice Preside | OfficerTrustee | 1 | $0 |
Roger Zajicek Treasurer | OfficerTrustee | 1 | $0 |
Robby Robinson Secretary | OfficerTrustee | 1 | $0 |
Stan Dinges Member | Trustee | 1 | $0 |
Bob Flynn Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $2,590 |
| Fundraising events | $0 |
| Related organizations | $35,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $524 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $38,114 |
| Total Program Service Revenue | $0 |
| Investment income | $41,349 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $219,160 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $322,440 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $41,800 |
| Grants and other assistance to domestic individuals. | $41,800 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $14,716 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $1,219 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,470 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $27,743 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,220 |
| Office expenses | $1,462 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $19,799 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,179 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $126 |
| Insurance | $3,088 |
| All other expenses | $0 |
| Total functional expenses | $198,409 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,988 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $499,918 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $5,704 |
| Investments—publicly traded securities | $2,167,638 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,022 |
| Total assets | $2,688,270 |
| Accounts payable and accrued expenses | $9,422 |
| 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 | $9,422 |
| Net assets without donor restrictions | $505,120 |
| Net assets with donor restrictions | $2,173,728 |
| 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 | $2,688,270 |
Grants Awarded
Over the last fiscal year, Sowers Club Of Nebraska Foundation has awarded $30,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CHILD ADVOCACY CENTER | | | $15,000 |
LINCON COMMUNITY FOUNDATION | | | $15,000 |