Omaha Home For Boys
- Assets
- $88.3m
- Revenue
- $9.6m
- Investments
- $3.5m
- Employees
- 99
- Location
- Omaha, NE
- Founding
- 06/1939
- Data as of
- 12/2023
- EIN
- 47-0376529
Organization Overview
Omaha Home For Boys is located in Omaha, NE. The organization was established in 1939. According to its NTEE Classification (P70) the organization is classified as: Residential Care & Adult Day Programs, under the broad grouping of Human Services and related organizations. As of 12/2023, Omaha Home For Boys employed 99 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Omaha Home For Boys 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, Omaha Home For Boys generated $9.6m in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (1.6%) each year. All expenses for the organization totaled $9.1m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (0.8%) per year over the past 9 years. 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
SUPPORT AND STRENGTHEN YOUTH AND FAMILIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESIDENTIAL LIVINGOHB'S RESIDENTIAL LIVING PROGRAM SERVES HIGH SCHOOL AGE BOYS, PROVIDING THEM WITH A SAFE, STABLE ENVIRONMENT WHERE THEY LIVE, LEARN AND GROW TO BECOME PRODUCTIVE, INDEPENDENT ADULTS. YOUTH IN THE PROGRAM LIVE ON OHB'S MAIN CAMPUS AND ATTEND THE OHB SCHOOL WHILE ALSO HAVING ACCESS TO THERAPY, EMPLOYMENT OPPORTUNITIES, RECREATION AND OTHER SUPPORT SERVICES. BEHAVIORALLY-BASED CURRICULUM IS USED TO HELP YOUTH LEARN LIFE SKILLS, DEVELOP POSITIVE BEHAVIORS AND ADVANCE ACADEMICALLY.
SELF-SUFFICIENCY SERVICESOHB'S SELF-SUFFICIENCY SERVICES INCLUDE TRANSITIONAL LIVING, INDEPENDENT LIVING, AND SUPPORTIVE COMMUNITY LIVING. THESE PROGRAMS AID YOUNG ADULTS WHO ARE OFTEN LIVING IN A STATE OF CRISIS. YOUTH WORK WITH OHB STAFF TO DEVELOP THE SKILLS AND CONFIDENCE NEEDED TO LIVE INDEPENDENT, PRODUCTIVE LIVES. AREAS OF SUPPORT INCLUDE: HOUSING, EDUCATION, EMPLOYMENT, TRANSPORTATION, HEALTH & WELLNESS, AND BASIC LIFE SKILLS. SAFE, AFFORDABLE LIVING SPACES ARE PROVIDED FOR CLENTS IN THE TRANSITIONAL LIVING AND SUPPORTIVE COMMUNITY LIVING PROGRAMS WHILE YOUNG ADULTS IN THE INDEPENDENT LIVING PROGRAM LIVE ON THEIR OWN IN THE COMMUNITY.
OHB'S CLINICAL SERVICES PROGRAM OFFERS A NUMBER OF BEHAVIORAL HEALTH, MENTAL HEALTH AND SUBSTANCE ABUSE SERVICES THAT ARE BOTH TRAUMA-FOCUSED AND STRENGTHS-BASED. SERVICES OFFERED PLACE A HIGH EMPHASIS ON EDUCATION, PRACTICE, AND DEVELOPMENT OF NEW SKILLS TO HELP INDIVIDUALS ACHIEVE GOALS. THE CLINICAL SERVICES PROGRAM EXPANDS BEYOND OHB'S YOUTH TO SERVE OTHER YOUTH AND FAMILIES IN THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rebecca Atkins Chairperson | OfficerTrustee | 3 | $0 |
Serenna Russell Vice Chairperson | OfficerTrustee | 3 | $0 |
Jason Gustafson Treasurer | OfficerTrustee | 3 | $0 |
Victor Baez Secretary | OfficerTrustee | 3 | $0 |
Randy Behounek Director | Trustee | 3 | $0 |
Freddie Clopton Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $256,800 |
| Membership dues | $0 |
| Fundraising events | $157,710 |
| Related organizations | $0 |
| Government grants | $2,158,354 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,475,312 |
| Noncash contributions included in lines 1a–1f | $21,856 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,048,176 |
| Total Program Service Revenue | $1,344,199 |
| Investment income | $2,031,594 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $290,521 |
| Net Gain/Loss on Asset Sales | $922,766 |
| Net Income from Fundraising Events | $2,289 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,648,210 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $96,375 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $304,441 |
| Compensation of current officers, directors, key employees. | $254,882 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,546,706 |
| Pension plan accruals and contributions | $101,860 |
| Other employee benefits | $796,337 |
| Payroll taxes | $273,886 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $14,091 |
| Fees for services: Accounting | $88,113 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $187,327 |
| Fees for services: Other | $209,881 |
| Advertising and promotion | $447,296 |
| Office expenses | $233,480 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $458,211 |
| Travel | $23,938 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,066,386 |
| Insurance | $200,293 |
| All other expenses | $0 |
| Total functional expenses | $9,065,959 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $486,860 |
| Savings and temporary cash investments | $890,611 |
| Pledges and grants receivable | $171,869 |
| Accounts receivable, net | $266,745 |
| 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 | $146,926 |
| Net Land, buildings, and equipment | $16,945,573 |
| Investments—publicly traded securities | $58,762,026 |
| Investments—other securities | $3,503,134 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,169,167 |
| Total assets | $88,342,911 |
| Accounts payable and accrued expenses | $445,997 |
| Grants payable | $0 |
| Deferred revenue | $738,620 |
| 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 | $350,987 |
| Total liabilities | $1,535,604 |
| Net assets without donor restrictions | $77,904,975 |
| Net assets with donor restrictions | $8,902,332 |
| 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 | $88,342,911 |