OPPORTUNITY SCHOLARSHIPS OF NEBRASKA

EIN: 932008470 501(c)(3) Education

LINCOLN, NE

Total Revenue
$2,335,397
Total Expenses
$512,951
Total Assets
$1,830,335
Net Assets
$1,822,446
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2023
Legal Domicile
NE
Principal Officer
JEREMY EKELER
Phone
4024777517
Tax Period
2023-07-01 to 2024-06-30

OPPORTUNITY SCHOLARSHIPS OF NEBRASKA, founded in 2023, is a community nonprofit in the Education sector that reported $2.3M in total revenue in fiscal year 2023. The organization ran a surplus of $1.8M, a strong 78% operating margin.

Mission

TO FURTHER CHARITABLE AND EDUCATIONAL PURPOSES: 1) AS A SCHOLARSHIP GRANTING ORGANIZATION WITHIN THE MEANING OF THE NEBRASKA OPPORTUNITY SCHOLARSHIPS ACT, AND 2) BY GRANTING SCHOLARSHIPS TO YOUTH TO DEFRAY THE COST OF K-12 EDUCATION AS PERMITTED BY INTERNAL REVENUE CODE SECTION 501(C)(3).

Program Service Accomplishments

Program 1
Expenses: $468,586 Revenue: $1,623,492

SCHOLARSHIP GRANTING ORGANIZATION (SGO) - OSN SERVED AS A STATE-APPROVED SCHOLARSHIP GRANTING ORGANIZATION THROUGH THE OPPORTUNITY SCHOLARSHIPS ACT (LB753). THIS ALLOWED OSN TO RECEIVE CONTRIBUTIONS...

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SCHOLARSHIP GRANTING ORGANIZATION (SGO) - OSN SERVED AS A STATE-APPROVED SCHOLARSHIP GRANTING ORGANIZATION THROUGH THE OPPORTUNITY SCHOLARSHIPS ACT (LB753). THIS ALLOWED OSN TO RECEIVE CONTRIBUTIONS WHICH QUALIFIED FOR A DOLLAR-FOR-DOLLAR STATE INCOME TAX CREDIT. CONTRIBUTIONS FUNDED SCHOLARSHIPS AWARDED TO QUALIFIED STUDENTS ATTENDING A NONPUBLIC SCHOOL OF THEIR PARENT'S CHOICE. ONLY 10% OF CONTRIBUTIONS CAN BE USED FOR ADMINISTRATIVE COSTS. AT LEAST 90% MUST BE USED FOR SCHOLARSHIPS.

Program 2
Revenue: $364,643

501(C)(3) CHARITABLE ORGANIZATION - OSN IS A 501(C)(3) CHARITABLE ORGANIZATION. OSN RECEIVES DONATIONS TO COVER ADMINISTRATIVE COSTS, SALARIES, MARKETING OF THE SCHOLARSHIP PROGRAM, AND OTHER...

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501(C)(3) CHARITABLE ORGANIZATION - OSN IS A 501(C)(3) CHARITABLE ORGANIZATION. OSN RECEIVES DONATIONS TO COVER ADMINISTRATIVE COSTS, SALARIES, MARKETING OF THE SCHOLARSHIP PROGRAM, AND OTHER MISCELLANEOUS EXPENSES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $2,328,135
Program Service Revenue $0
Investment Income $7,262
Other Revenue $0
TOTAL REVENUE $2,335,397

Expense Breakdown

Grants Paid $9,553
Salaries & Benefits $193,255
Fundraising Expenses $0
Program Expenses $468,586
Other Expenses $310,143
TOTAL EXPENSES $512,951

Year-over-Year Comparison

2023 2022 Change
Revenue $2,335,397 N/A N/A
Expenses $512,951 N/A N/A
Net Income $1,822,446 $0 N/A
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

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Liquidity & Cash Position

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Governance

Voting Members
13
Independent Members
12
Employees
2
Volunteers
12

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
$14,231
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RICK BETTGER PRESIDENT 2.00
Officer Director
$0 $0 $0
KIM SCHROLL TREASURER 2.00
Officer Director
$0 $0 $0
BRITT THEDINGER SECRETARY 0.50
Officer Director
$0 $0 $0
JIM TIMMERMAN DIRECTOR 0.50
Director
$0 $0 $0
KATIE LINEHAN DIRECTOR 0.50
Director
$0 $0 $0
DR LEQUISHA TURNER DIRECTOR 0.50
Director
$0 $0 $0
TOM VENZOR DIRECTOR 0.50
Director
$0 $0 $0
DELORES HANNON DIRECTOR 0.50
Director
$0 $0 $0
RON QUINN DIRECTOR 0.50
Director
$0 $0 $0
KRISTEN KLEIN DIRECTOR 0.50
Director
$0 $0 $0
TIM ANDREASEN DIRECTOR 0.50
Director
$0 $0 $0
BOB ZIEGLER DIRECTOR 0.50
Director
$0 $0 $0
JEREMY EKELER EXECUTIVE DIRECTOR 40.00
Officer
$14,231 $0 $14,231
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 No data No data No data No data
2024 $2,335,397 $512,951 $1,830,335 $1,822,446
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