Overview
What is Nebraska Bankers Association Foundation?
The Nebraska Bankers Association Foundation is a nonprofit organization situated in Lincoln, Nebraska. Its primary mission is to support education, training, and career development in banking-related fields. This is achieved by awarding scholarships to students majoring in banking programs, sponsoring and funding educational programs for employees of federally insured deposit institutions, and the general public in areas such as financial literacy, financial planning, banking, and finance. Furthermore, the foundation offers disaster relief payments to employees of federally insured deposit institutions and individuals residing in disaster-affected areas. Lastly, the foundation provides rewards in connection with robberies occurring at FDIC-insured institutions located in Nebraska.
Official website here: www.nebankers.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97%, Four-Star out of Four Star rating. This high score indicates that the Nebraska Bankers Association Foundation excels in accountability and finance, demonstrating strong organizational practices that promote transparency and effective use of resources.
The foundation achieves an impressive record with 81% of its board members being independent, ensuring unbiased governance. Its financial health is underscored by a program expense ratio of 95.55%, indicating that the vast majority of its expenditures directly support its mission. Additionally, there are no reported asset diversions, which further highlights the organization's integrity.
No significant limitations or concerns were noted in the data, and the foundation adheres to best practices with policies in place for conflicts of interest, whistleblower protections, and document retention. Overall, the Nebraska Bankers Association Foundation demonstrates a commitment to accountability and effective financial management.
This AI summary has been generated from information found on Charity Navigator.
Is Nebraska Bankers Association Foundation legitimate?
Nebraska Bankers Association Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Nebraska Bankers Association Foundation 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.
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Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.nebankers.org
What is the mission statement of Nebraska Bankers Association Foundation?
The Nebraska Bankers Association Foundation's mission is centered around providing support for education, training, and career development within the banking sector. This encompasses various banking-related programs. Beyond this, the foundation extends its reach by supporting federally insured deposit institutions and the communities they serve. This is done through robbery reward programs, disaster recovery assistance, and financial literacy initiatives, amongst other related activities.
Official website here: www.nebankers.org
Who is the CEO of Nebraska Bankers Association Foundation?
Richard J Baier is the Principal Officer of Nebraska Bankers Association Foundation.
Official website here: www.nebankers.org
What is the revenue of Nebraska Bankers Association Foundation?
Nebraska Bankers Association Foundation's revenue in 2023 was $94,009.
Official website here: www.nebankers.org
Who are the executives of Nebraska Bankers Association Foundation and what are their salaries?
Here are 16 key members and their salaries:
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- Related: $308,603
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Official website here: www.nebankers.org
Where can I find the form 990 for Nebraska Bankers Association Foundation?
Nebraska Bankers Association Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.nebankers.org
Learn more at the official website: www.nebankers.org
Mission Statement of Nebraska Bankers Association Foundation
The Nebraska Bankers Association Foundation is committed to supporting education, training, and career development in the banking sector and related programs. Beyond this, the foundation extends its support to federally insured deposit institutions and the communities they serve through various initiatives. These initiatives include robbery reward programs, disaster recovery assistance, and financial literacy programs, among others. The foundation's mission is multifaceted, aiming to enhance the banking industry and contribute positively to the communities where these institutions are located.
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Impact
October, 2024
The Nebraska Bankers Association Foundation significantly impacts the banking sector and the communities it serves through various initiatives aimed at enhancing education, training, and career development. The foundation awards scholarships to university students pursuing degrees in banking-related fields, empowering the next generation of professionals in this industry.
Additionally, it sponsors educational programs designed for employees of federally insured depository institutions and the general public, focusing on financial literacy, financial planning, and banking practices. This education fosters informed decision-making within communities, crucial for economic stability and growth.
In times of crisis, the foundation provides disaster relief payments to affected individuals and businesses, ensuring that those in need receive prompt assistance. Furthermore, it addresses security concerns by distributing rewards related to robberies at insured institutions in Nebraska. Collectively, these efforts not only bolster the banking profession but also enhance community resilience and financial well-being.
This information is meant to be a general summary of Nebraska Bankers Association Foundation. 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 2023.
- Investment Income: $3,902
- Gross Receipts: $94,009
Assets and Liabilities:
- Total Assets: $885,760
- Total Liabilities: $0
- Net Assets: $885,760
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Organization Details
Founding Year
1990
Phone
(402) 474-1555Principal Officer
Richard J Baier
Main Address
233 SOUTH 13TH STREET Suite 700, LINCOLN, NE, 68508
Website
www.nebankers.orgNTEE Category
Code: J220 - Employment
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