MILDRED D BROWN MEMORIA STUDY CENTER INC

EIN: 260705941 501(c)(3)

OMAHA, NE

Total Revenue
$330,886
Total Expenses
$340,989
Total Assets
$65,675
Net Assets
$45,874
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2008
Legal Domicile
NE
Principal Officer
SHERMAN P WILLIS JD
Phone
4023464041
Tax Period
2021-01-01 to 2021-12-31

MILDRED D BROWN MEMORIA STUDY CENTER INC, founded in 2008, is a small nonprofit that reported $331K in total revenue in fiscal year 2021. Revenue surged 29% from the prior year, signaling strong growth momentum.

Mission

IN THE SPIRIT OF MILDRED D. BROWN, IT IS THE MISSION OF THE MILDRED D. BROWN MEMORIAL STUDY CENTER TO PROVIDE ACCESS TO THE OMAHA STAR'S INSPIRATIONAL ARCHIVE MATERIALS AND RESOURCES; TO PROMOTE THE FUTURE OF COMMUNITY-BASED MEDIA; AND TO HELP AREA STUDENTS, ESPECIALLY AFRICAN-AMERICANS, ENVISION CAREER POSSIBILITIES IN JOURNALISM AND COMMUNICATIONS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2021)

Revenue Breakdown

Contributions & Grants $68,225
Program Service Revenue $262,661
Investment Income $0
Other Revenue $0
TOTAL REVENUE $330,886

Expense Breakdown

Grants Paid $0
Salaries & Benefits $153,426
Fundraising Expenses $0
Program Expenses $284,429
Other Expenses $187,563
TOTAL EXPENSES $340,989

Year-over-Year Comparison

2021 2020 Change
Revenue $330,886 $256,123 +0.3%
Expenses $340,989 $160,880 +1.1%
Net Income $-10,103 $95,243 -1.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
11
Independent Members
11
Employees
N/A
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$0
Total Directors
13
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SHERMAN P WILLIS JD PRESIDENT 1.00
Officer Director
$0 $0 $0
JENNIFER S KEYS VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
ERIKA KIRBY PHD SECRETARY 1.00
Officer Director
$0 $0 $0
JOAN HEMENWAY TREASURER 1.00
Officer Director
$0 $0 $0
JOHN E PIERCE JD BOARD MEMBER 1.00
Director
$0 $0 $0
JOHN HEASTON BOARD MEMBER 1.00
Director
$0 $0 $0
MICHAEL MARONEY BOARD MEMBER 1.00
Director
$0 $0 $0
EDGAR HICKS BOARD MEMBER 1.00
Director
$0 $0 $0
MICHAEL C SCOTT BOARD MEMBER 1.00
Director
$0 $0 $0
CYNTHIA GOOCH-GRAYSON PHD BOARD MEMBER 1.00
Director
$0 $0 $0
LINDA KENNEDY BOARD MEMBER 1.00
Director
$0 $0 $0
ERNEST WHITE BOARD MEMBER 1.00
Director
$0 $0 $0
TERRI D SANDERS EXECUTIVE DIRECTOR 1.00
Officer Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2021 $330,886 $340,989 $65,675 $-10,103
2020 $256,123 $160,880 $135,803 $95,243
2020 $264,034 $177,760 $135,803 $86,274
2019 $105,000 $153,096 $10,935 $-48,096
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