NEBRASKA CULTURAL ENDOWMENT

EIN: 470813703 501(c)(3) Philanthropy & Grantmaking

OMAHA, NE

Total Revenue
$4,991,656
Total Expenses
$1,975,827
Total Assets
$19,546,379
Net Assets
$19,485,511
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1998
Legal Domicile
NE
Principal Officer
MAGGIE SMITH
Phone
4025952722
Tax Period
2024-01-01 to 2024-12-31

NEBRASKA CULTURAL ENDOWMENT, founded in 1998, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $5.0M in total revenue in fiscal year 2024. Revenue surged 283% from the prior year, signaling strong growth momentum. The organization ran a surplus of $3.0M, a strong 60% operating margin.

Mission

SUPPORT THE ACTIVITIES OF THE NEBRASKA ARTS COUNCIL AND THE NEBRASKA HUMANITIES COUNCIL DOING BUSINESS AS HUMANITIES NEBRASKA.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,964,306
Program Service Revenue $0
Investment Income $3,027,350
Other Revenue $0
TOTAL REVENUE $4,991,656

Expense Breakdown

Grants Paid $1,573,457
Salaries & Benefits $184,664
Fundraising Expenses $124,264
Program Expenses $1,660,440
Other Expenses $217,706
TOTAL EXPENSES $1,975,827

Year-over-Year Comparison

2024 2023 Change
Revenue $4,991,656 $1,303,334 +2.8%
Expenses $1,975,827 $1,315,654 +0.5%
Net Income $3,015,829 $-12,320 -245.8%
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
21
Independent Members
21
Employees
3
Volunteers
21

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
6
$98,193
Total Directors
21
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
AMY HADDAD PRESIDENT 1.00
Officer Director
$0 $0 $0
SHERRYE HUTCHERSON VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
RICH VIERK TREASURER 1.00
Officer Director
$0 $0 $0
DAVID BUNTAIN SECRETARY 1.00
Officer Director
$0 $0 $0
RITA STINNER PAST PRESIDENT 1.00
Officer Director
$0 $0 $0
BRENDA CHRISTENSEN DIRECTOR 1.00
Director
$0 $0 $0
CAREY HAMILTON DIRECTOR 1.00
Director
$0 $0 $0
TAMI HELLMAN DIRECTOR 1.00
Director
$0 $0 $0
CANDY HENNING DIRECTOR 1.00
Director
$0 $0 $0
MARC LEBARON DIRECTOR 1.00
Director
$0 $0 $0
CLAY SMITH DIRECTOR 1.00
Director
$0 $0 $0
LUIS SOTOELO DIRECTOR 1.00
Director
$0 $0 $0
RICHARD VIERK DIRECTOR 1.00
Director
$0 $0 $0
SCOTT WILLIAMS DIRECTOR 1.00
Director
$0 $0 $0
MIKE HOMA EX-OFFICIO DIRECTOR 1.00
Director
$0 $0 $0
SHARI HOFSCHIRE EX-OFFICIO DIRECTOR 1.00
Director
$0 $0 $0
MIKE MARKEY EX-OFFICIO DIRECTOR 1.00
Director
$0 $0 $0
CHRIS SOMMERICH EX-OFFICIO DIRECTOR 1.00
Director
$0 $0 $0
JACK CAMPBELL EMERITUS NON-VOTING 1.00
Director
$0 $0 $0
MURRAY NEWMAN EMERITUS NON-VOTING 1.00
Director
$0 $0 $0
DAVID SLOSBURG EMERITUS NON-VOTING 1.00
Director
$0 $0 $0
MAGGIE SMITH EXECUTIVE DIRECTOR 40.00
Officer
$98,193 $0 $98,193
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
2024 $4,991,656 $1,975,827 $19,546,379 $3,015,829
2023 $1,303,334 $1,315,654 $17,505,740 $-12,320
2022 $3,037,702 $1,620,850 $15,679,143 $1,416,852
2021 $5,027,006 $1,499,273 $17,664,926 $3,527,733
2020 $2,258,029 $1,316,882 $14,071,057 $941,147
2019 $1,884,466 $1,381,569 $12,394,131 $502,897
2018 $1,357,414 $1,123,380 $10,182,835 $234,034
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