Nebraska Softball Foundation
- Assets
- $3.2m
- Revenue
- $634.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Hastings, NE
- Founding
- 01/2001
- Data as of
- 12/2021
- EIN
- 47-0628117
Organization Overview
Nebraska Softball Foundation is located in Hastings, NE. The organization was established in 2001. According to its NTEE Classification (N63) the organization is classified as: Baseball & Softball, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nebraska Softball 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 12/2021, Nebraska Softball Foundation generated $634.3k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 24.6% each year . All expenses for the organization totaled $243.6k during the year ending 12/2021. While expenses have increased by 1.2% 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.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE AMATEUR SOFTBALL IN NEBRASKA.
Describe the Organization's Program Activity:
EXPENSES FOR ACTIVITIES INCLUDED SCHOLARSHIPS TO INDIVIDUALS AND GRANTS TO VARIOUS ORGANIZATIONS FOR THE PURPOSE OF FOSTERING AMATEUR ATHLETICS IN THE STATE OF NEBRASKA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joe Patterson Secretary | OfficerTrustee | 0.5 | $0 |
Ric Ferguson Treasurer | OfficerTrustee | 0.5 | $0 |
Dan Mcelravy Vice President | OfficerTrustee | 0.5 | $0 |
Jeff Hansen President | OfficerTrustee | 0.5 | $0 |
Michael Krings Trustee | Trustee | 0.5 | $0 |
Neal Lewis Trustee | Trustee | 0.5 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $36,006 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $89,000 |
| Net Gain/Loss on Asset Sales | $502,130 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $4,825 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $634,336 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $45,890 |
| Grants and other assistance to domestic individuals. | $8,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $96,842 |
| Insurance | $18,225 |
| All other expenses | $5,266 |
| Total functional expenses | $243,571 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $138,645 |
| Savings and temporary cash investments | $41,400 |
| Pledges and grants receivable | $0 |
| 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 | $246 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,179,714 |
| Investments—publicly traded securities | $1,850,649 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,210,654 |
| Accounts payable and accrued expenses | $6,866 |
| 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 | $0 |
| Other liabilities | $2,211 |
| Total liabilities | $9,077 |
| Net assets without donor restrictions | $3,180,577 |
| Net assets with donor restrictions | $21,000 |
| 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 | $3,210,654 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
College World Series Of Omaha Inc Omaha, NE | $10,788,440 | $7,383,920 |
Elkhorn Athletic Association Inc Elkhorn, NE | $3,453,158 | $3,870,078 |
Three & Two Baseball Club Of Johnson County Inc Lenexa, KS | $6,195,616 | $3,601,175 |
Kansas City Urban Youth Academy Inc Kansas City, MO | $399,774 | $1,248,805 |
Boulder Valley Girls Softball Association Inc Lafayette, CO | $324,000 | $1,148,732 |
Sioux Empire Baseball Association Sioux Falls, SD | $285,861 | $1,051,356 |
The Kansas City Metro Amateur Softball Association Overland Park, KS | $409,163 | $1,146,814 |
Miracle League Of Sioux City Sioux City, IA | $165,311 | $819,432 |
Ballwin Athletic Association Ballwin, MO | $1,208,490 | $1,104,488 |
P G Foundation Inc Cedar Rapids, IA | $478,668 | $1,074,979 |
St Louis Bandits Baseball Boosters Llc O Fallon, MO | $404,835 | $668,720 |
Chesterfield Basball-Softball Association Chesterfield, MO | $637,308 | $19,842 |