Greater Omaha Chamber Foundation
- Assets
- $5.3m
- Revenue
- $4.5m
- Investments
- $0.0
- Employees
- 45
- Location
- Omaha, NE
- Founding
- 08/1981
- Data as of
- 12/2022
- EIN
- 47-0633685
Organization Overview
Greater Omaha Chamber Foundation is located in Omaha, NE. The organization was established in 1981. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2022, Greater Omaha Chamber Foundation employed 45 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Greater Omaha Chamber 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 12/2022, Greater Omaha Chamber Foundation generated $4.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (18.2%) each year. All expenses for the organization totaled $6.0m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Greater Omaha Chamber Foundation has awarded 19 individual grants totaling $2,141,000. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO INCREASE BUSINESS, EMPLOYMENT, AND INVESTMENT IN THE GREATER OMAHA AREA.
Describe the Organization's Program Activity:
ECONOMIC DEVELOPMENT - ALSO REFERRED TO AS PROSPER OMAHA, THE CURRENT 5-YEAR STRATEGY/CAMPAIGN, OR GREATER OMAHA ECONOMIC DEVELOPMENT PARTNERSHIP, A PROGRAM NAME THAT REFLECTS A COLLABORATIVE EFFORT TO SUPPORT AND ENHANCE ECONOMIC DEVELOPMENT ACTIVITIES AND OPPORTUNITIES IN THE REGION. AREAS OF FOCUS INCLUDE BUSINESS RETENTION, EXPANSION AND ATTRACTION, FROM START-UPS TO FORTUNE 500 COMPANIES, AND MINORITY OWNED AND INTERNATIONAL BUSINESSES. SPECIFIC INDUSTRY FOCUS INCLUDES AGRIBUSINESS, MILITARY AND DEFENSE, FINANCIAL SERVICES, LOGISTICS AND LIFE SCIENCE. SERVICES INCLUDE INCENTIVES AND TRAINING, AVAILABLE SITESAND BUILDINGS, AND DEMOGRAPHIC, WORKFORCE AND COMMUNITY DATA. ANOTHER FOCUS HAS BEEN HELPING BUSINESSES WORK THROUGH THEIR TALENT AND WORKFORCE CHALLENGES AND OFFERING NEW PROGRAMMING TO ADDRESS THOSE AREAS.
LEADERSHIP DEVELOPMENT - FOCUSES ON DEVELOPING EFFECTIVE LEADERS WHO WILL STRENGTHEN AND TRANSFORM THE COMMUNITY. PROGRAMS ARE DESIGNED FOR YOUNG PROFESSIONALS ON UP TO SENIOR LEVEL EXECUTIVES. TOPICS THAT LEADERSHIP PROGRAMS COVER INCLUDE COMMUNITY TRUSTEESHIP, LEADERSHIP STYLES, COMMUNITY AWARENESS, INCLUSIVITY, COLLABORATION AND INNOVATION. PARTICIPANTS ARE EXPOSED TO VARIOUS ELEMENTS OF THE COMMUNITY SUCH AS ITS PROBLEMS, CHALLENGES AND OPPORTUNITIES. THEY ARE CHALLENGED TO LOOK AT WAYS THEY CAN MAKE AN IMPACT AND GET INVOLVED. THEY ARE INTRODUCED TO WELL-KNOWN BUSINESS LEADERS, POLITICIANS AND CIVIC LEADERS TO GAIN INSIGHT AND EXPERIENCE AND GIVEN OPPORTUNITIES TO BECOME ENGAGED IN THE COMMUNITY.
EVENTS - FOCUSES ON LEADERSHIP BY CELEBRATING THE PAST AND SHAPING THE FUTURE. THE PAST IS HONORED BY RECOGNIZING LEADERS THAT HAVE MADE A DIFFERENCE IN THE COMMUNITY THROUGH THEIR BUSINESS AND CIVIC CONTRIBUTIONS. THE FUTURE IS SHAPED BY GIVING YOUNG PROFESSIONALS AN OPPORTUNITY TO ENGAGE WITH EACH OTHER, ATTEND THOUGHT-PROVIDING SESSIONS WITH TOPICS ON LEADERSHIP, COMMUNITY ENGAGEMENT, BUSINESS ETHICS, INCLUSIVITY, ETC. THE GOAL IS TO FOSTER PERSONAL AND PROFESSIONAL DEVELOPMENT AND ENCOURAGE YOUNG PROFESSIONALS TO DEVELOP INTO FUTURE BUSINESS AND COMMUNITY LEADERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mickey Anderson Chairman | OfficerTrustee | 1 | $0 |
Carmen Tapio Vice President | OfficerTrustee | 1 | $0 |
Steve Grandfield Treasurer | OfficerTrustee | 1 | $0 |
David Brown President & CEO | OfficerTrustee | 22 | $0 |
Anne Branigan Secretary | OfficerTrustee | 12 | $0 |
Veta Jeffrey President & CEO | OfficerTrustee | 22 | $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 | $2,903,118 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,903,118 |
| Total Program Service Revenue | $899,948 |
| Investment income | $14,396 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $35,189 |
| Net Gain/Loss on Asset Sales | -$265,216 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,514,245 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $106,000 |
| 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. | $360,111 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,557,978 |
| Pension plan accruals and contributions | $61,192 |
| Other employee benefits | $255,990 |
| Payroll taxes | $198,107 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,985 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $490,682 |
| Advertising and promotion | $738,936 |
| Office expenses | $57,303 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $949,143 |
| Travel | $82,027 |
| 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 | $810 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $6,044,056 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $503,092 |
| Savings and temporary cash investments | $2,517,047 |
| Pledges and grants receivable | $2,050,518 |
| Accounts receivable, net | $81,571 |
| 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 | $62,760 |
| Net Land, buildings, and equipment | $21,811 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $70,473 |
| Total assets | $5,307,272 |
| Accounts payable and accrued expenses | $69,713 |
| Grants payable | $0 |
| Deferred revenue | $186,030 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $4,240 |
| 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 | $535,849 |
| Total liabilities | $795,832 |
| Net assets without donor restrictions | $2,460,922 |
| Net assets with donor restrictions | $2,050,518 |
| 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 | $5,307,272 |
Grants Awarded
Over the last fiscal year, Greater Omaha Chamber Foundation has awarded $106,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
COLLEGE WORLD SERIES OF OMAHA INC PURPOSE: CWS SPONSOSHIP | $10,000 |
ACE MENTOR PROGRAM OF AMERICA PURPOSE: FINTECH FOLLOWSHIP GRANT | $6,000 |
POTTAWATTAMIE ARTS CULTURE & ENTERTAINMENT PURPOSE: CONTRIBUTION TO CAPITAL CAMPAIGN | $60,000 |
ADVANCE SOUTHWEST IOWA CORPORATION PURPOSE: TO SUPPORT THE KITCHEN COUNCIL, AN INCUBATOR FOR FOOD STARTUPS (IOWA WEST FDTN PASS THROUGH GRANT) | $30,000 |