Nebraska Cultural Endowment
- Assets
- $17.5m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Omaha, NE
- Founding
- 08/1998
- Data as of
- 12/2023
- EIN
- 47-0813703
Organization Overview
Nebraska Cultural Endowment is located in Omaha, NE. The organization was established in 1998. According to its NTEE Classification (T50) the organization is classified as: Philanthropy, Charity & Voluntarism Promotion, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nebraska Cultural Endowment 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, Nebraska Cultural Endowment generated $1.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (3.6%) each year. All expenses for the organization totaled $1.3m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Nebraska Cultural Endowment has awarded 40 individual grants totaling $10,211,749. 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
SUPPORT THE ACTIVITIES OF THE NEBRASKA ARTS COUNCIL AND THE NEBRASKA HUMANITIES COUNCIL DOING BUSINESS AS HUMANITIES NEBRASKA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE NEBRASKA CULTURAL ENDOWMENT IS THE PRIVATE PARTNER IN A PUBLIC-PRIVATE PARTNERSHIP WITH THE STATE OF NEBRASKA TO SUPPORT THE ARTS AND HUMANITIES IN NEBRASKA. IN 1998, A PUBLIC FUND WAS ESTABLISHED AT THE STATE OF NEBRASKA TO BENEFIT THE PROGRAMS AND PROJECTS OF THE NEBRASKA ARTS COUNCIL AND HUMANITIES NEBRASKA. EACH CONTRIBUTION TO THE CULTURAL ENDOWMENT IS MATCHED BY THE INCOME FROM THE PUBLIC FUND. THE PUBLIC MATCH PROVIDES REAL TIME SUPPORT OF PROGRAMS IN THE ARTS AND HUMANITIES, AND THE PRIVATE CONTRIBUTIONS THAT SERVE TO ACCESS THE MATCH IS ENDOWED FOR FUTURE SUPPORT OF THOSE PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rita Stinner President | OfficerTrustee | 1 | $0 |
Amy Haddad Vice President | OfficerTrustee | 1 | $0 |
Rich Vierk Treasurer | OfficerTrustee | 1 | $0 |
Sherrye Hutcherson Secretary | OfficerTrustee | 1 | $0 |
Carey Hamilton Past President | OfficerTrustee | 1 | $0 |
David Buntain Director | Trustee | 1 | $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 | $770,364 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $770,364 |
| Total Program Service Revenue | $0 |
| Investment income | $529,711 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,259 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,303,334 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $891,272 |
| 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. | $88,785 |
| Compensation of current officers, directors, key employees. | $30,672 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $86,455 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $26,040 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $36,097 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $49,154 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $4,028 |
| Travel | $8,516 |
| 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 | $0 |
| Insurance | $20,704 |
| All other expenses | $5,900 |
| Total functional expenses | $1,315,654 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,225 |
| Savings and temporary cash investments | $306,331 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $17,186,184 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $17,505,740 |
| Accounts payable and accrued expenses | $1,327 |
| 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 | $60,567 |
| Total liabilities | $61,894 |
| Net assets without donor restrictions | $489,808 |
| Net assets with donor restrictions | $16,954,038 |
| 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 | $17,505,740 |
Grants Awarded
Over the last fiscal year, Nebraska Cultural Endowment has awarded $824,832 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
NEBRASKA ARTS COUNCIL DEVELOPMENT CORPORATION PURPOSE: GENERAL SUPPORT | $393,211 |
HUMANITIES NEBRASKA PURPOSE: GENERAL SUPPORT | $291,592 |
OMAHA SYMPHONY ASSOCIATION PURPOSE: GENERAL SUPPORT | $103,476 |
OPERA OMAHA INC PURPOSE: GENERAL SUPPORT | $36,553 |