Knights Of Aksarben Foundation
- Assets
- $11.3m
- Revenue
- $4.1m
- Investments
- $0.0
- Employees
- 17
- Location
- Omaha, NE
- Founding
- 08/1959
- Data as of
- 12/2023
- EIN
- 47-0447496
Organization Overview
Knights Of Aksarben Foundation, operating under the name Aksarben Foundation, is located in Omaha, NE. The organization was established in 1959. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. As of 12/2023, Aksarben Foundation employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Aksarben 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 12/2023, Aksarben Foundation generated $4.1m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.5%) each year. All expenses for the organization totaled $3.8m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Aksarben Foundation has awarded 30 individual grants totaling $5,162,999. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO CONVENE BUSINESS AND COMMUNITY LEADERS COMMITTED TO NEBRASKA'S PROSPERITY THROUGH ADVANCEMENTS AND INNOVATIONS IN EDUCATION, WORKFORCE DEVELOPMENT, AND CIVIC PROJECTS BORN FROM EFFECTIVE PRIVATE, PUBLIC, AND PHILANTHROPIC COLLABORATIONS. AKSARBEN FOUNDATION EMPOWERS NEBRASKA'S LEADERS TO SEIZE OPPORTUNITIES AND CHANNEL RESOURCES BEHIND COLLECTIVE EFFORTS TO GROW OUR ECONOMY AND IMPROVE OUR QUALITY OF LIFE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ADVANCING WORKFORCE DEVELOPMENT: NEBRASKA BUSINESSES ARE CURRENTLY GRAPPLING WITH A PRESSING ISSUE - A NOTABLE SHORTAGE OF SKILLED LABOR. THIS DEFICIENCY IS CAUSING A SURGE IN THE OUTSOURCING OF VARIOUS POSITIONS TO OTHER STATES. THE RESULTING DYNAMIC PUTS A CAP ON NEBRASKA'S BUSINESS EXPANSION AND HAMPERS THE POTENTIAL FOR NEW BUSINESSES CONSIDERING RELOCATION TO OUR STATE. HOWEVER, AKSARBEN IS DEDICATED TO ADDRESSING THIS LABOR CRISIS. WE HAVE PLEDGED TO TAP INTO OUR ROBUST NETWORK OF BUSINESS AND COMMUNITY LEADERS, WORKING WITH NEBRASKA COLLEGES AND UNIVERSITIES, AND LEVERAGING PUBLIC, PRIVATE, AND PHILANTHROPIC RESOURCES. OUR MISSION IS NOT ONLY TO EXPAND OUR WORKFORCE, BUT ALSO TO ENHANCE THE NUMBER AND QUALITY OF HIGH-SKILL, HIGH-WAGE JOBS, ELEVATING NEBRASKA'S BUSINESS LANDSCAPE.
STAFF SALARIES, BENEFITS, AND OTHER MISCELLANEOUS EXPENSES (GRANT INCLUDED) NOT SPECIFICALLY ALLOCATED TO A CERTAIN PROGRAM.
THE AKSARBEN BALL: A LEGACY OF SERVICE AND VOLUNTEERISM. FOR OVER 128 YEARS, THE AKSARBEN FOUNDATION HAS BEEN ORCHESTRATING THE ANNUAL AKSARBEN BALL, A GRAND EVENT THAT UNDERSCORES THE SPIRIT OF COMMUNITY SERVICE AND VOLUNTEERISM. WE TAKE PRIDE IN HONORING THOSE INDIVIDUALS AND FAMILIES WHO HAVE CONTRIBUTED SIGNIFICANTLY TO ENHANCING OUR REGIONAL QUALITY OF LIFE. THE AKSARBEN BALL, WITH ITS STORIED HISTORY, REPRESENTS THE ESSENCE OF LEADERSHIP AND COMMUNITY DEVELOPMENT IN NEBRASKA. THE OCTOBER 2023 BALL WAS A TESTAMENT TO THIS MISSION THANKS TO THE COMMENDABLE EFFORTS OF THE AKSARBEN WOMEN'S BALL COMMITTEE.
INVESTING IN THE FUTURE THROUGH SCHOLARSHIPS & COMMUNITY GRANTS: THE AKSARBEN FOUNDATION IS HEAVILY INVESTED IN FOSTERING THE FUTURE LEADERS OF NEBRASKA. WE HAVE AWARDED NUMEROUS TWO AND FOUR-YEAR SCHOLARSHIPS TO HELP LOCAL STUDENTS ATTEND COLLEGE IN OUR STATE. IN A FIVE-YEAR AGREEMENT (2019-2023) WITH HORATIO ALGER, WE PROVIDED 250 $10,000 SCHOLARSHIPS FOR STUDENTS TO ATTEND COLLEGE IN NEBRASKA, WHILE A FOUR-YEAR AGREEMENT (2019-2023) WITH METROPOLITAN COMMUNITY COLLEGE FACILITATED $4,000 SCHOLARSHIPS FOR STUDENTS PURSUING SELECTED HIGH-DEMAND CAREERS. OUR COMMITMENT DOESN'T STOP AT SCHOLARSHIPS. THE AKSARBEN FOUNDATION FRIENDS COMMUNITY GRANTS SUPPORT PROJECTS BUDGETED UP TO $10,000 IN TOTAL. THE MAXIMUM GRANT AWARDED IN THIS CATEGORY IS $1,000, WITH ALL GRANT AWARDS REQUIRING A MATCHING GIFT COMPONENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sandra Reding President | Officer | 40 | $333,712 |
Lashonna Dorsey Executive Director | Officer | 40 | $174,738 |
Timothy H Robinson Executive Director | Officer | 40 | $156,359 |
Julie Shiller Chief Of Staff | 40 | $111,691 | |
Angela Stenger Executive Director | Officer | 40 | $105,000 |
Leslie Andersen Chair | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $720,070 |
| Fundraising events | $307,091 |
| Related organizations | $0 |
| Government grants | $321,148 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,840,889 |
| Noncash contributions included in lines 1a–1f | $500 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,189,198 |
| Total Program Service Revenue | $346,127 |
| Investment income | $218,635 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $240,298 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,059,758 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $481,935 |
| Grants and other assistance to domestic individuals. | $44,429 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $826,291 |
| Compensation of current officers, directors, key employees. | $59,661 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $550,561 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $74,265 |
| Payroll taxes | $86,585 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $11,843 |
| Fees for services: Accounting | $64,397 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $29,950 |
| Fees for services: Other | $230,854 |
| Advertising and promotion | $265,094 |
| Office expenses | $52,070 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $171,559 |
| Travel | $59,017 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $7,229 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $25,233 |
| Insurance | $7,872 |
| All other expenses | $0 |
| Total functional expenses | $3,827,826 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,831 |
| Savings and temporary cash investments | $278,982 |
| Pledges and grants receivable | $873,462 |
| Accounts receivable, net | $504,368 |
| 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 | $33,648 |
| Net Land, buildings, and equipment | $215,017 |
| Investments—publicly traded securities | $8,386,706 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $990,882 |
| Total assets | $11,289,896 |
| Accounts payable and accrued expenses | $211,126 |
| Grants payable | $891,532 |
| 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 | $182,661 |
| Other liabilities | $1,047,461 |
| Total liabilities | $2,332,780 |
| Net assets without donor restrictions | $1,105,744 |
| Net assets with donor restrictions | $7,851,372 |
| 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 | $11,289,896 |
Grants Awarded
Over the last fiscal year, Knights Of Aksarben Foundation has awarded $485,000 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
NEBRASKA STATE FAIR BOARD PURPOSE: 2019 AKSARBEN STOCK SHOW SPONSORSHIP | $100,000 |
IOWA WESTERN COMMUNITY COLLEGE PURPOSE: PURCHASE EQUIPMENT FOR THE INDUSTRIAL TECHNOLOGY LAB | $25,000 |
CENTRAL COMMUNITY COLLEGE PURPOSE: LEXINGTON INDUSTRIAL TRAINING CENTER PROJECT | $50,000 |
MID-PLAINS COMMUNITY COLLEGE PURPOSE: HEALTH AND SCIENCE CENTER EXPANSION PROJECT | $50,000 |
SOUTHEAST COMMUNITY COLLEGE PURPOSE: DIESEL TECHNOLOGY & WELDING CENTER - MILFORD CAMPUS | $50,000 |
NORTHEAST COMMUNITY COLLEGE PURPOSE: AG & WATER CENTER OF EXCELLENCE PROJECT | $50,000 |