Nothing But Net Foundation
- Assets
- $195.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 31
- Location
- Omaha, NE
- Founding
- 02/2002
- Data as of
- 12/2022
- EIN
- 47-0845085
Organization Overview
Nothing But Net Foundation is located in Omaha, NE. The organization was established in 2002. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. As of 12/2022, Nothing But Net Foundation employed 31 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nothing But Net 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, Nothing But Net Foundation generated $63.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (24.7%) each year. All expenses for the organization totaled $86.2k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (20.7%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO HELP YOUTH OBTAIN KNOWLEDGE BY PURSUING HIGHER EDUCATION, TO OBTAIN STRENGHT THROUGH PHYSICAL ACTIVITY AND HEALTH AWARENESS AND TO OBTAIN CHARACTER BY PROVIDING COMMUNITY PROGRAMS AND DEVELOPING LIFE SKILLS
Describe the Organization's Program Activity:
Part 3
HELPED YOUTH OBTAIN KNOWLEGE ABOUT HIGHER EDUCATION AND ENCOURAGED YOUTH TO PURSUE COLLEGE AND ACADEMIC GOALS
HELPED YOUTH DEVELOP LIFE SKILLS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Edward Brekenridge Director | 2 | $0 | |
John Manna Director | 2 | $0 | |
Jeff Jorth Director | 2 | $0 | |
Cameron Thomas Director | 2 | $0 | |
Timothy Legband Director | 2 | $0 | |
Azita Soraya-Martin Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $62,000 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $420 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $559 |
| Total Revenue | $62,979 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $60,375 |
| Professional fees and other payments to independent contractors | $1,077 |
| Occupancy, rent, utilities, and maintenance | $2,892 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $21,882 |
| Total expenses | $86,226 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $194,433 |
| Other assets | $0 |
| Total assets | $195,133 |
| Total liabilities | $0 |
| Net assets or fund balances | $195,133 |