Heritage Services
- Assets
- $5.2m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 6
- Location
- Omaha, NE
- Founding
- 12/1989
- Data as of
- 12/2021
- EIN
- 47-0731254
Organization Overview
Heritage Services, operating under the name Heritage Omaha, is located in Omaha, NE. The organization was established in 1989. According to its NTEE Classification (A12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Heritage Omaha employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Heritage Omaha 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, Heritage Omaha generated $1.1m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.0%) each year. All expenses for the organization totaled $966.9k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (2.8%) per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
HERITAGE SERVICES IS A NONPROFIT COMMITTED TO DEVELOPING IMPACTFUL PHILANTHROPIC PROJECTS DESIGNED TO ENRICH THE OMAHA COMMUNITY. HERITAGE SERVICES IDENTIFIES SUBSTANTIAL NEEDS OR OPPORTUNITIES WITH HIGH COMMUNITY IMPACT AND SUPPORTS THE REALIZATION OF VIABLE AND SUSTAINABLE CIVIC PROJECTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HERITAGE SERVICES INCURS CERTAIN OPERATING COSTS IN CONNECTION WITH FULFILLING ITS MISSION OF FUNDRAISING AND MANAGEMENT OF NONPROFIT PROJECTS IN THE OMAHA METROPOLITAN AREA. THESE COSTS INCLUDE CERTAIN SALARIES AND BENEFITS, AND CERTAIN OPERATING AND OFFICE EXPENSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rachel Jacobson President | Officer | 40 | $282,038 |
Jennifer L Callahan Treasurer | Officer | 10 | $87,394 |
Michael R Mccarthy Chairman | OfficerTrustee | 5 | $0 |
Mogens C Bay Director And Vice Chair | OfficerTrustee | 1.5 | $0 |
Daniel Waters Secretary | Officer | 2 | $0 |
Diane Seeman Lozier Director | Officer | 1.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Jennifer Callahan Accounting Services | 12/30/19 | $105,613 |
T&g Real Estate Solutions Llc Construction Management | 12/30/19 | $166,667 |
Hdr Inc Design Services | 12/30/19 | $398,320 |
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 | $391,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $391,000 |
| Total Program Service Revenue | $675,000 |
| Investment income | $27,759 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,133,044 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $336,433 |
| Compensation of current officers, directors, key employees. | $39,044 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $334,396 |
| Pension plan accruals and contributions | $16,311 |
| Other employee benefits | $11,843 |
| Payroll taxes | $36,492 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $100 |
| Fees for services: Accounting | $22,507 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $21,697 |
| Advertising and promotion | $0 |
| Office expenses | $15,804 |
| Information technology | $16,953 |
| Royalties | $0 |
| Occupancy | $94,393 |
| Travel | $12,198 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $21,584 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,801 |
| Insurance | $8,581 |
| All other expenses | $0 |
| Total functional expenses | $966,856 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $102,626 |
| Savings and temporary cash investments | $1,167,629 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $100,000 |
| 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 | $9,029 |
| Net Land, buildings, and equipment | $49,669 |
| Investments—publicly traded securities | $3,681,234 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $81,383 |
| Total assets | $5,191,570 |
| Accounts payable and accrued expenses | $55,007 |
| 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 | $0 |
| Total liabilities | $55,007 |
| Net assets without donor restrictions | $5,046,563 |
| Net assets with donor restrictions | $90,000 |
| 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 | $5,191,570 |
Grants Recieved
Over the last fiscal year, we have identified 9 grants that Heritage Services has recieved totaling $1,875,000.
| Awarding Organization | Amount |
|---|---|
Robert B Daugherty Foundation Omaha, NE PURPOSE: CAPITAL PROJECT | $1,000,000 |
Nebraska Community Foundation Lincoln, NE PURPOSE: ECONOMIC DEVELOPMENT PLANNING SUPPORT | $500,000 |
Nebraska Community Foundation Lincoln, NE PURPOSE: GENERAL SUPPORT | $150,000 |
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: UNRESTRICTED GENERAL SUPPORT | $100,000 |
Charles And Mary Heider Family Foundation Omaha, NE PURPOSE: CHARITABLE | $25,000 |
Robert Herman Storz Foundation Omaha, NE PURPOSE: SUPPORT FOR THEIR MISSION | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bravo Greater Des Moines Inc Des Moines, IA | $3,545,703 | $5,885,208 |
Net Foundation For Television Lincoln, NE | $25,243,567 | $5,881,957 |
Richard J Stern Foundation For The Arts Kansas City, MO | $50,258,336 | $4,476,999 |
Kim Foundation Omaha, NE | $13,392,339 | $1,364,269 |
Redbud Foundation Topeka, KS | $13,980,299 | $14,104,221 |
Community Capital Fund Kansas City, MO | $1,497,991 | $1,400,960 |
Heritage Services Omaha, NE | $5,191,570 | $1,133,044 |
Fox Family Foundation Denver, CO | $12,191,378 | $91,435 |
Boulder County Arts Alliance Inc Boulder, CO | $1,719,449 | $738,914 |
Sidney & Bobette Guller Family Foundation Chesterfield, MO | $4,106,715 | $2,073,886 |
Omaha Philanthropic Trust Omaha, NE | $1,425,885 | $60,183 |
Topeka Symphony Society Topeka, KS | $1,624,478 | $500,770 |