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Invest Nebraska Corporation

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 460469145 ✦ Lincoln, NE ✦ Designated as a 501(c)(3)

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Overview

What is Invest Nebraska Corporation?

Invest Nebraska Corporation is a nonprofit organization based in Lincoln, Nebraska, dedicated to fostering economic growth within the state. They achieve this by providing capital and operational assistance to early-stage startups, developing infrastructure for technology entrepreneurs, and attracting out-of-state investment through their network of venture capital funds. As a key player in Nebraska's entrepreneurial ecosystem, they fund programs, organize services, and construct infrastructure to support businesses across the state. Their mission is to promote community and economic development by identifying, supporting, and investing in high-growth, high-impact, or community-critical companies in Nebraska, with a team of 15 dedicated individuals.


Official website here: www.investnebraska.com

What are the reviews and ratings of this charity?

**Charity Navigator Rating: 96% (Four-Star out of Four Stars)**

Invest Nebraska Corporation has achieved a remarkable Four-Star rating from Charity Navigator, primarily based on its impressive score of 96% in Accountability & Finance. This highlights the organization’s commitment to responsible financial management, with indicators such as a fully independent board, strong financial oversight, and minimal liabilities relative to its assets, showcasing high operational integrity.

Strengths of the organization include complete transparency with conflict of interest and whistleblower policies, as well as effective governance practices, evidenced by the recent fiscal year’s solid program expense ratio of 91.13%. This demonstrates a strong focus on executing its mission while maintaining resources effectively, which is vital for sustainability in nonprofit work.

However, while the financial aspects are scored positively, areas such as Impact & Measurement and Leadership & Adaptability have not been evaluated. This gap represents an opportunity for Invest Nebraska Corporation to bolster its assessments and provide further insight into its overall impact and operational effectiveness.

Not Available


This AI summary has been generated from information found on Charity Navigator.

Is Invest Nebraska Corporation legitimate?

Invest Nebraska Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Invest Nebraska Corporation 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: $290,925
Professional Fundraising Fees: $0
Other Salaries and Wages: $543,103

For more financial information, click here


Official website here: www.investnebraska.com

What is the mission statement of Invest Nebraska Corporation?

Invest Nebraska Corporation aims to stimulate the economy by offering capital and operational assistance to early-stage startups in Nebraska. The organization serves as a key figure in the entrepreneurial ecosystem, funding programs, organizing services, and developing infrastructure to support businesses across the state. Their mission is to promote community and economic development by identifying, supporting, and investing in high-growth, high-impact, or community-critical companies in Nebraska. This is accomplished through programs like the Seed Fund Program, where they provide capital to early-stage businesses through the Business Innovation Act and federally designated grant funds.


Official website here: www.investnebraska.com

Who is the CEO of Invest Nebraska Corporation?

Dan Hoffman is the Chairman of Invest Nebraska Corporation. The CEO's salary of Invest Nebraska Corporation is $200,217 and their total compensation is $290,925.


Official website here: www.investnebraska.com

What is the revenue of Invest Nebraska Corporation?

Invest Nebraska Corporation's revenue in 2022 was $7,658,576.


Official website here: www.investnebraska.com

Who are the executives of Invest Nebraska Corporation and what are their salaries?

The average compensation at Invest Nebraska Corporation during 2022 was $55,602. There are 15 employees and 12 volunteers at Invest Nebraska Corporation.


Here are 15 key members and their salaries (Invest Nebraska Corporation's CEO's salary is $200,217 and their total compensation is $290,925):


Joseph Young (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Phil Bakken (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Richard Baier (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Amy Johnson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Vishal Singh (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Donna Kush (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Craig Tuttle (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Chris Roth (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Daniel Padilla (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dan Curran Ex-Officionon-Voting (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Dixon Ex-Officionon-Voting (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dennis Wiederholt Ex-Offnonvoting (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kristin Hassebrook (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dan Hoffman (Chief Executive Officer)
  • Compensation: $200,217
  • Related: $0
  • Other: $90,708
Ben Williamson (General Counsel)
  • Compensation: $160,600
  • Related: $0
  • Other: $43,851


Official website here: www.investnebraska.com

Where can I find the form 990 for Invest Nebraska Corporation?

Invest Nebraska Corporation's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.investnebraska.com

Learn more at the official website: www.investnebraska.com

Mission Statement of Invest Nebraska Corporation

Invest Nebraska Corporation, as a key player in Nebraska's entrepreneurial ecosystem, promotes community and economic development by identifying, supporting, and investing in high-growth, high-impact, or community-critical companies across the state. This nonprofit venture development organization provides capital and operational assistance to early-stage startups, fosters infrastructure for technology entrepreneurs, and attracts out-of-state capital through its network of venture capital funds. By funding programs, organizing services, and building infrastructure, Invest Nebraska Corporation plays a pivotal role in supporting businesses across Nebraska, ultimately contributing to the growth of the state's economy.

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Impact




July, 2024

Invest Nebraska Corporation's impact is significant in growing Nebraska's economy by providing capital and operational assistance to early-stage startups, developing infrastructure for technology entrepreneurs, and attracting out-of-state capital through its network of venture capital funds. As a key leader in the entrepreneurial ecosystem, Invest Nebraska Corporation funds programs, organizes services, and builds infrastructure to support businesses across the state. Through its Seed Fund Program, the organization contracts with the State of Nebraska's Department of Economic Development to provide capital to early-stage businesses, helping them grow and succeed. Additionally, Invest Nebraska Corporation promotes community and economic development by identifying, supporting, and investing in high-growth, high-impact, or community critical companies across the state.




This information is meant to be a general summary of Invest Nebraska Corporation. 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.

Revenue
$7,658,576 (2022)
Expenses
$2,411,383 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $3,053,101
  • Program Service Revenue: $111,660
  • Gross Receipts: $8,108,576

Assets and Liabilities:

  • Total Assets: $53,430,068
  • Total Liabilities: $686,980
  • Net Assets: $52,743,088

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

EARNED INCOME

Revenue

$111,660

Organization Details

Founding Year

2002

Principal Officer

Dan Hoffman

Main Address

801 R ST STE 1, LINCOLN, NE, 685081317

NTEE Category

Code: W22 - Public benefit

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