Overview
What is Omaha Discovery Trust?
Omaha Discovery Trust is a nonprofit organization committed to establishing the Kiewit Luminarium, a cutting-edge science center in downtown Omaha, Nebraska. The primary focus of this center is on engineering and mathematics, offering engaging and interactive experiences for individuals of all ages. The Luminarium is privately funded, with a considerable portion of the funds allocated towards designing and constructing the facility, as indicated in the organization's balance sheet. In addition to these expenses, Omaha Discovery Trust incurs operational consulting fees from the Exploratorium Museum in San Francisco and project management fees from Heritage Service, a fellow nonprofit organization that provides funding and project management services to various entities. The Kiewit Luminarium is currently under construction and is expected to open in early 2023, located at Lewis & Clark Landing on the riverfront in Omaha, Nebraska. As of now, the organization has a team of 22 employees.
Official website here: www.kiewitluminarium.org
What are the reviews and ratings of this charity?
Charity Navigator Rating 87% - Three-Star out of Four Star Rating
Omaha Discovery Trust has earned a Three-Star rating from Charity Navigator, reflecting a solid score of 87% based on its Accountability & Finance metrics. This high rating indicates that the organization maintains a strong commitment to transparency and responsible financial management, with an entirely independent board and no material diversion of assets noted.
The trust excels in several key areas, such as having a well-documented conflict of interest policy and maintaining appropriate board meeting minutes. Additionally, the organization's program expense ratio is notable at 77.55%, indicating that a significant portion of its expenditures is directed toward its core mission. Furthermore, it boasts a high working capital ratio, suggesting financial stability and an adequate buffer for operational needs.
However, the organization faced a challenge in fundraising efficiency, with a score of $0.01, which may signal difficulties in generating funds relative to expenses. While the trust demonstrates strong accountability, enhancing its fundraising strategies could further improve its overall operational effectiveness and sustainability.
This AI summary has been generated from information found on Charity Navigator.
Is Omaha Discovery Trust legitimate?
Omaha Discovery Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. Omaha Discovery Trust submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $317,510
Professional Fundraising Fees: $0
Other Salaries and Wages: $951,059
For more financial information, click here
Official website here: www.kiewitluminarium.org
What is the mission statement of Omaha Discovery Trust?
The Omaha Discovery Trust has a mission to establish a science center, with a focus on engineering and mathematics. This organization, named the Kiewit Luminarium, aims to provide a space for individuals of all ages to explore fascinating phenomena through interactive learning experiences. The Kiewit Luminarium, currently under construction, is set to inspire creativity and innovation, encouraging problem-solving and critical thinking. Upon completion, scheduled for early 2023, it will be located in downtown Omaha, Nebraska, enhancing the community's educational offerings.
Official website here: www.kiewitluminarium.org
Who is the CEO of Omaha Discovery Trust?
Rachel Jacobson is the President of Omaha Discovery Trust. The CEO's salary of Omaha Discovery Trust is $317,510 and their total compensation is $344,510.
Official website here: www.kiewitluminarium.org
What is the revenue of Omaha Discovery Trust?
Omaha Discovery Trust's revenue in 2022 was $4,775,711.
Official website here: www.kiewitluminarium.org
Who are the executives of Omaha Discovery Trust and what are their salaries?
The average compensation at Omaha Discovery Trust during 2022 was $57,662. There are 22 employees at Omaha Discovery Trust.
Here are 13 key members and their salaries (Omaha Discovery Trust's CEO's salary is $317,510 and their total compensation is $344,510):
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- Compensation: $317,510
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- Other: $27,000
- Compensation: $162,212
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Official website here: www.kiewitluminarium.org
Where can I find the form 990 for Omaha Discovery Trust?
Omaha Discovery Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.kiewitluminarium.org
Learn more at the official website: www.kiewitluminarium.org
Mission Statement of Omaha Discovery Trust
The Omaha Discovery Trust, an organization dedicated to promoting education and innovation, is on a mission to establish a science center with a focus on engineering and mathematics. This upcoming science center, known as the Kiewit Luminarium, aims to provide engaging and interactive learning experiences that inspire creativity and innovation for individuals of all ages. The construction of the Kiewit Luminarium is currently underway, and it is anticipated to open its doors in early 2023, situated at Lewis & Clark Landing in the heart of Omaha, Nebraska. This science center promises to be a captivating destination where visitors can explore awe-inspiring phenomena through hands-on activities, fostering an environment that encourages curiosity and intellectual growth.
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Impact
October, 2024
The Omaha Discovery Trust is making a significant impact by establishing the Kiewit Luminarium, a state-of-the-art science center in downtown Omaha. This center emphasizes engineering and mathematics, providing a platform for hands-on learning experiences that will nurture creativity and innovation among visitors of all ages.
Located at Lewis & Clark Landing on the riverfront, the Kiewit Luminarium will serve as an interactive space where individuals can explore astonishing scientific phenomena. By highlighting critical fields such as engineering and mathematics, the center aims to inspire future generations and foster a deeper understanding of these disciplines.
The advancements made by Omaha Discovery Trust not only enhance the educational landscape of the community but also contribute to Omaha's development as a vibrant hub for science and technology. With the center set to open in early 2023, it promises to become a vital resource for education and exploration, positively influencing the local economy and attracting visitors to the area.
This information is meant to be a general summary of Omaha Discovery Trust. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $156,677
- Gross Receipts: $11,447,482
Assets and Liabilities:
- Total Assets: $99,177,508
- Total Liabilities: $2,825,639
- Net Assets: $96,351,869
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Organization Details
Founding Year
2019
Phone
(913) 391-3190Principal Officer
Rachel Jacobson
Main Address
10050 REGENCY CIRCLE 101, OMAHA, NE, 68114
Website
www.kiewitluminarium.orgNTEE Category
Code: B99 - Education
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