NEBRASKA CITY VETERANS MEMORIAL BUILDING PROJECT

EIN: 811155784 501(c)(3) Community Improvement

Nebraska City, NE

Total Revenue
$267,689
Total Expenses
$236,903
Total Assets
$261,568
Net Assets
$261,568
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2016
Legal Domicile
NE
Principal Officer
David Beck
Phone
4022097152
Tax Period
2025-01-01 to 2025-12-31

NEBRASKA CITY VETERANS MEMORIAL BUILDING PROJECT, founded in 2016, is a small nonprofit in the Community Improvement sector that reported $268K in total revenue in fiscal year 2025. Revenue fell 65% from the prior year — a significant decline worth monitoring. Expenses of $237K left a modest 12% surplus.

Mission

The Nebraska City Veterans Memorial Building Project is an organization of citizens formed to accomplish the renovation and revitalization of the historic Nebraska City Veterans Memorial Building in southeast Nebraska. The Project is dedicated to the re-establishment of a space for cultural, educational and recreational activities in southeast Nebraska and southwest Iowa.

Program Service Accomplishments

Program 1
Expenses: $36,789 Revenue: $36,174

The Nebraska City Veterans Memorial Building is operated to make available public meeting space, offices, auditorium, and community kitchen. Fees are collected to offset expenses and continue the...

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The Nebraska City Veterans Memorial Building is operated to make available public meeting space, offices, auditorium, and community kitchen. Fees are collected to offset expenses and continue the operation of the building for future activities. The year resulted in the use of meeting rooms for eight meetings, 31 large and small parties, two classes, two theater performances, one art show, two cultural events, three music programs, seven kitchen rentals for food preparation, and four events in the adjacent parking lot. Two offices are in long-term leases. Veterans organizations are using office and meeting space free of charge and special events happen in the building for Memorial Day and Veterans Day.

Program 2
Expenses: $184,812 Revenue: $0

The Nebraska City Veterans Memorial Building will continue to need maintenance of the building, the grounds, HVAC systems, security systems, elevator and other required equipment for the health and...

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The Nebraska City Veterans Memorial Building will continue to need maintenance of the building, the grounds, HVAC systems, security systems, elevator and other required equipment for the health and safety of those who use the building. In time, systems will need regular replacement to ensure continuation of minimal operating standards and the building structure will require regular maintenance. Also, further renovation may be undertaken to open up more of the building for use and staff education on the proper use and cleaning of systems will be needed. During 2025 expenditures included installation of an exterior sign, tables, chairs, dishwasher rent, alarm inspections, alarm monitoring, water system repair, and building renovation loan final payment.

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Trantor Score

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

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $224,950
Program Service Revenue $36,175
Investment Income $425
Other Revenue $6,139
TOTAL REVENUE $267,689

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $221,601
Other Expenses $236,903
TOTAL EXPENSES $236,903

Year-over-Year Comparison

2025 2024 Change
Revenue $267,689 $759,560 -0.6%
Expenses $236,903 $1,332,474 -0.8%
Net Income $30,786 $-572,914 -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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Governance

Voting Members
7
Independent Members
7
Employees
N/A
Volunteers
25

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
3
$0
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Donna Kruse President 30
Officer Director
$0 $0 $0
David Beck Treasurer 5.00
Officer Director
$0 $0 $0
John Helm Director 5
Director
$0 $0 $0
Jan Madsen Director 5
Director
$0 $0 $0
David Partsch Director 5
Director
$0 $0 $0
Diane Reese Secretary 10.00
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
2025 $267,689 $236,903 $261,568 $30,786
2024 $759,560 $1,332,474 $230,782 $-572,914
2023 $656,059 $274,172 $803,696 $381,887
2022 $505,683 $342,695 $421,809 $162,988
2021 $608,430 $1,355,228 $258,821 $-746,798
2020 $716,333 $97,631 $1,005,619 $618,702
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