Community Information Trust
- Assets
- $18.4m
- Revenue
- $2.4m
- Investments
- $0.0
- Employees
- 25
- Location
- Omaha, NE
- Founding
- 01/2014
- Data as of
- 12/2021
- 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 12/2021, Community Information Trust employed 25 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 12/2021, Community Information Trust generated $2.4m 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 (16.6%) each year. All expenses for the organization totaled $2.3m during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
COMMUNITY INFORMATION TRUST IS A 501C3 ORGANIZATION WHICH WAS CREATED TO EXPAND COMMUNITY ACCESS TO TECHNOLOGY AND DIGITAL LITERACY PROGRAMS AND SERVICES. THE CURRENT PROGRAM OPERATED BY THE ORGANIZATION, DO SPACE LIBRARY PROJECT, IS A TECHNOLOGY LIBRARY AND INNOVATION SPACE WHERE THE COMMUNITY CAN ACCESS LEADING-EDGE TECHNOLOGY AS WELL AS RECEIVE INSTRUCTION IN ITS USE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY INFORMATION TRUST IS A NONPROFIT ORGANIZATION OVERSEEING THE DEVELOPMENT AND OPERATION OF A TECHNOLOGY LIBRARY IN OMAHA CALLED DO SPACE, WHICH IS A PLACE WHERE THE COMMUNITY CAN ACCESS LEADING EDGE TECHNOLOGY AS WELL AS RECEIVE ASSISTANCE AND INSTRUCTION IN ITS USE. IN 2021, THE ORGANIZATION'S ACTIVITIES PRIMARILY INCLUDED THE OPERATION OF DO SPACE WITH VARIOUS PROGRAMS AND SERVICES OFFERED TO THE PUBLIC AT NO COST.
IN 2021, THE ORGANIZATION BEGAN THE PREDESIGN PROCESS OF A NEW CENTRAL LIBRARY FACILITY FOR THE OMAHA PUBLIC LIBRARY. THESE COSTS INCLUDED PREDESIGN ARCHITECTURAL FEES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rebecca Stavick Chief Executive Officer | Officer | 40 | $154,050 |
Michael Mccarthy Chairman And Director | OfficerTrustee | 5 | $0 |
Rachel Jacobson President And Director | Officer | 5 | $0 |
Jennifer Callahan Treasurer | Officer | 5 | $0 |
Daniel Waters Secretary | Officer | 1 | $0 |
David Slosburg Director | Trustee | 2 | $0 |
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 | $2,270,535 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,270,535 |
| Total Program Service Revenue | $0 |
| Investment income | $57,906 |
| 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 | $2,358,228 |
| 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. | $172,923 |
| Compensation of current officers, directors, key employees. | $17,292 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $566,143 |
| Pension plan accruals and contributions | $30,698 |
| Other employee benefits | $60,049 |
| Payroll taxes | $56,816 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $13,315 |
| Fees for services: Accounting | $42,392 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,560 |
| Advertising and promotion | $171,728 |
| Office expenses | $32,588 |
| Information technology | $232,032 |
| Royalties | $0 |
| Occupancy | $146,637 |
| Travel | $2,270 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $86,404 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $267,588 |
| Insurance | $5,118 |
| All other expenses | $843 |
| Total functional expenses | $2,260,782 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,120,095 |
| Pledges and grants receivable | $2,575,000 |
| 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 | $24,489 |
| Net Land, buildings, and equipment | $13,138,472 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,562,692 |
| Total assets | $18,420,748 |
| Accounts payable and accrued expenses | $149,046 |
| 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 | $1,755,661 |
| Other liabilities | $0 |
| Total liabilities | $1,904,707 |
| Net assets without donor restrictions | $13,630,409 |
| Net assets with donor restrictions | $2,885,632 |
| 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 | $18,420,748 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Community Information Trust has recieved totaling $2,307,052.
| Awarding Organization | Amount |
|---|---|
Sherwood Foundation Omaha, NE PURPOSE: PUBLIC LIBRARY SEEDING FUND | $2,000,000 |
American Endowment Foundation Hudson, OH PURPOSE: GENERAL OPERATING SUPPORT | $125,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $100,250 |
Peter Kiewit Foundation Omaha, NE PURPOSE: TO PROVIDE THREE YEARS OF GENERAL OPERATING SUPPORT FOR DO SPACE. | $75,000 |
Gilbert M & Martha H Hitchcock Foundation Omaha, NE PURPOSE: TO FURTHER THECHARITABLE PURPOSEOF THE RECIPIENT | $5,000 |
Organization Name not Listed PURPOSE: GENERAL & UNRESTRICTED | | $1,700 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mobius Columbia, MO | $4,062,831 | $7,262,645 |
Colorado Library Consortium Centennial, CO | $4,049,105 | $6,616,674 |
Outreach United Resource Center Inc Longmont, CO | $8,325,883 | $5,899,409 |
Community Information Trust Omaha, NE | $18,420,748 | $2,358,228 |
Hoover Presidential Foundation West Branch, IA | $16,155,016 | $4,574,597 |
La Llave Family Resource Center Inc Alamosa, CO | $303,516 | $1,091,609 |
Masonic Temple Education Center Ballwin, MO | $310,997 | $1,687 |
Health Sciences Library Network Of Kansas City Kansas City, MO | $88,003 | $1,010,807 |
Board Of Trustees Of The Sedgwick County Law Library Inc Wichita, KS | $799,436 | $866,999 |
Limbo Up Foundation Inc Denver, CO | $0 | $377,102 |
Northeast Missouri Library Service Kahoka, MO | $718,580 | $391,827 |
Teton County Library Foundation Inc Jackson, WY | $9,237,372 | $966,896 |