NEBRASKA STATE FAIR 1868 FOUNDATION

EIN: 363667905 501(c)(3) Recreation & Sports

LINCOLN, NE

Total Revenue
$899,745
Total Expenses
$663,866
Total Assets
$1,416,017
Net Assets
$779,909
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1989
Legal Domicile
NE
Principal Officer
TERRY GALLOWAY
Phone
4024321393
Tax Period
2025-01-01 to 2025-12-31

NEBRASKA STATE FAIR 1868 FOUNDATION, founded in 1989, is a small nonprofit in the Recreation & Sports sector that reported $900K in total revenue in fiscal year 2025. Revenue surged 100% from the prior year, signaling strong growth momentum. The organization ran a surplus of $236K, a strong 26% operating margin.

Mission

THE MISSION OF THE NEBRASKA STATE FAIR 1868 FOUNDATION IS TO RAISE FUNDS AND RESOURCES FOR THE OVERALL IMPROVEMENT OF THE NEBRASKA STATE FAIR.

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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 (2025)

Revenue Breakdown

Contributions & Grants $826,885
Program Service Revenue $0
Investment Income $124,305
Other Revenue $-51,445
TOTAL REVENUE $899,745

Expense Breakdown

Grants Paid $336,969
Salaries & Benefits $179,349
Fundraising Expenses $58,001
Program Expenses $554,534
Other Expenses $147,548
TOTAL EXPENSES $663,866

Year-over-Year Comparison

2025 2024 Change
Revenue $899,745 $450,285 +1.0%
Expenses $663,866 $537,772 +0.2%
Net Income $235,879 $-87,487 -3.7%
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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Governance

Voting Members
10
Independent Members
10
Employees
2
Volunteers
20

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
4
$101,036
Total Directors
11
$101,036
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LINDSEY KOEPKE EXECUTIVE DI 40.00
Officer Director
$98,290 $2,746 $101,036
DUSTIN BEENER DIRECTOR 1.00
Director
$0 $0 $0
EDDIE BIWER DIRECTOR 1.00
Director
$0 $0 $0
TERRY GALLOWAY CHAIRMAN 4.00
Officer Director
$0 $0 $0
MATT GUNDERSON DIRECTOR 1.50
Director
$0 $0 $0
LANNA HUBBARD DIRECTOR 1.00
Director
$0 $0 $0
KEVIN KOCK DIRECTOR 1.00
Director
$0 $0 $0
MIKE MCQUILLAN DIRECTOR 1.00
Director
$0 $0 $0
TOM MIDDLETON DIRECTOR 1.50
Director
$0 $0 $0
JILL STAAB SECRETARY/TR 1.50
Officer Director
$0 $0 $0
JAY VAVRICEK VICE-CHAIRMA 1.50
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
2025 $899,745 $663,866 $1,416,017 $235,879
2024 $448,285 $537,772 $1,100,075 $-89,487
2023 $453,538 $523,085 $1,220,976 $-69,547
2022 $438,649 $261,816 $1,305,392 $176,833
2021 $231,407 $212,520 $636,319 $18,887
2020 $151,051 $163,024 $615,775 $-11,973
2019 $307,180 $212,981 $508,915 $94,199
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