Community Information Trust
- Assets
- $141.3m
- Revenue
- $97.3m
- Investments
- $0.0
- Employees
- 26
- Location
- Omaha, NE
- Founding
- 01/2014
- Data as of
- 12/2023
- EIN
- 46-3502113
Organization Overview
Community Information Trust is located in Omaha, NE. The organization was established in 2014. According to its NTEE Classification (B70) the organization is classified as: Libraries, under the broad grouping of Education and related organizations. As of 12/2023, Community Information Trust employed 26 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community Information Trust 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 12/2023, Community Information Trust generated $97.3m in total revenue. All expenses for the organization totaled $2.7m during the year ending 12/2023. While expenses have increased by 3.1% per year over the past 6 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
COMMUNITY INFORMATION TRUST IS A 501(C)(3) ORGANIZATION WHICH WAS CREATED TO EXPAND COMMUNITY ACCESS TO TECHNOLOGY AND DIGITAL LITERACY PROGRAMS AND SERVICES. DURING 2022, THE ORGANIZATION ENTERED INTO AN AGREEMENT WITH HERITAGE SERVICES TO FUNDRAISE FOR THE CAPITAL CAMPAIGN AND MANAGE THE OMAHA CENTRAL PUBLIC LIBRARY PROJECT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY INFORMATION TRUST IS A NONPROFIT ORGANIZATION CREATED TO OVERSEE THE DEVELOPMENT AND OPERATION OF DO SPACE, A TECHNOLOGY LIBRARY IN OMAHA, WHICH IS A PLACE WHERE THE COMMUNITY CAN ACCESS LEADING EDGE TECHNOLOGY AS WELL AS RECEIVE ASSISTANCE AND INSTRUCTION IN ITS USE. IN 2023, THE ORGANIZATION'S ACTIVITIES PRIMARILY INCLUDED THE OPERATION OF DO SPACE WITH VARIOUS PROGRAMS AND SERVICES OFFERED TO THE PUBLIC AT NO COST. ADDITIONALLY IN 2023, THE ORGANIZATION PARTNERED WITH OMAHA PUBLIC LIBRARY, THE OMAHA PUBLIC LIBRARY FOUNDATION, THE CITY OF OMAHA, AND HERITAGE OMAHA TO LAUNCH SCHEMATIC DESIGN AND BEGAN FUNDRAISING FOR A NEW OMAHA CENTRAL PUBLIC LIBRARY.
TECHNOLOGY GRANT- IN 2022, THE ORGANIZATION RECEIVED A FEDERAL GRANT AWARD TOTALING $748,482 TO HOLD FUND TECHNOLOGY EQUIPMENT PURCHASES TO BE DISTRIBUTED TO MEMBERS OF THE COMMUNITY, CALLED THE EMERGENCY CONNECTIVITY GRANT. DURING 2022, EQUIPMENT PURCHASES TOTALLING $678,755 WERE DISTRIBUTED TO INDIVIDUUALS.
CENTRAL LIBRARY - DURING 2022, THE ORGANIZATION ENTERED INTO AN AGREEMENT WITH HERITAGE SERVICES TO FUNDRAISE FOR THE CAPITAL CAMPAIGN AND MANAGE THE OMAHA CENTRAL PUBLIC LIBRARY PROJECT WHICH INCLUDES THE CONSTRUCTION OF A NEW CENTRAL PUBLIC LIBRARY AT 72ND AND DODGE AND THE DEVELOPMENT OF A FACILITIES MASTER PLAN FOR THE OMAHA PUBLIC LIBRARY. THE $200,000 RELATES TO PROJECT MANAGEMENT SERVICES PROVIDED BY HERITAGE OMAHA IN 2022.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rachel Jacobson President And Director | OfficerTrustee | 5 | $0 |
Michael Mccarthy Chair And Director | OfficerTrustee | 5 | $0 |
D David Slosburg Vice Chair And Director | OfficerTrustee | 2 | $0 |
Karen A Linder Director | Trustee | 1 | $0 |
Daniel J Waters Secretary | Officer | 1 | $0 |
Jennifer L Callahan Treasurer | Officer | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Heritage Services Management Fees | 12/30/23 | $550,000 |
Margaret Sullivan Studio Design Services | 12/30/23 | $316,039 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $103,659,651 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $103,659,651 |
| Total Program Service Revenue | $0 |
| Investment income | $414,228 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$6,764,850 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $97,324,260 |
| 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. | $197,098 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $567,906 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $686,601 |
| Fees for services: Legal | $70,622 |
| Fees for services: Accounting | $52,751 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $619,259 |
| Office expenses | $0 |
| Information technology | $158,484 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $24,940 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $38,563 |
| Interest | $50,741 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $148,212 |
| Insurance | $23,834 |
| All other expenses | $5,120 |
| Total functional expenses | $2,728,118 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $377,881 |
| Savings and temporary cash investments | $12,167,442 |
| Pledges and grants receivable | $100,376,594 |
| Accounts receivable, net | $0 |
| 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 | $67,329 |
| Net Land, buildings, and equipment | $6,091,688 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $22,247,452 |
| Total assets | $141,328,386 |
| Accounts payable and accrued expenses | $5,111,772 |
| 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 | $1,403,640 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $6,515,412 |
| Net assets without donor restrictions | $26,396,088 |
| Net assets with donor restrictions | $108,416,886 |
| 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 | $141,328,386 |