Omaha Economic Development Corp

Organization Overview

Omaha Economic Development Corp is located in Omaha, NE. The organization was established in 1979. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Omaha Economic Development Corp employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Omaha Economic Development Corp 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, Omaha Economic Development Corp generated $7.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.7% each year . All expenses for the organization totaled $5.4m during the year ending 12/2021. While expenses have increased by 5.3% per year over the past 7 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

ECONOMIC DEVELOPMENT

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROPERTY MANAGEMENT OF AFFORDABLE HOUSING UNITS WHICH ARE RENTED TO LOW/MODERATE INCOME FAMILIES.


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Board, Officers & Key Employees

Name (title)Compensation
Michael B Maroney
President
$164,148
Cort Bonner
Chair
$0
Ernest Jwhite
Treasurer
$0
Alisa Parmer
Director
$0
Brenda Council
Vice Chair
$0
John Pierce
Secretary
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $430,464
All other contributions, gifts, grants, and similar amounts not included above$919,532
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$1,349,996
Total Program Service Revenue$2,809,588
Investment income $14,584
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $96,142
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $6,962,293

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Omaha Economic Development Corp has recieved totaling $29,433.

Awarding OrganizationAmount
Union Pacific Foundation

Omaha, NE

PURPOSE: ECONOMIC DEVELOPMENT

$29,433
View Grant Recipient Profile

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