Overview
What is Nebraska Cultural Endowment?
The Nebraska Cultural Endowment serves as a private partner in a public-private partnership with the state of Nebraska, aimed at bolstering the arts and humanities sector within the state. Established in 1998, a public fund was created to benefit the programs and projects of the Nebraska Arts Council and Humanities Nebraska. Contributions to this endowment are matched by income from the public fund, providing immediate support for initiatives in the arts and humanities. The matched funds and privately donated contributions are endowed for future reinforcement of these programs. The Nebraska Cultural Endowment supports the activities of both the Nebraska Arts Council and Humanities Nebraska, enriching cultural experiences for the people of Nebraska.
Official website here: www.nebraskaculturalendowment.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 98% (Four-Star out of Four Star rating)
The Nebraska Cultural Endowment has achieved a notable Four-Star rating from Charity Navigator, indicating strong accountability and financial health. With a perfect score of 100 in accountability and finance, the organization demonstrates robust governance practices, including a fully independent board and comprehensive financial oversight. Their commitment to transparency is reflected in the accessibility of financial documents and adherence to policies that bolster accountability.
In terms of program efficiency, the endowment allocates a significant 81.36% of its expenses directly to its programs, showing a strong focus on mission-related activities. The organization has also scored well in culture and community engagement with a score of 77, indicating its effective role in promoting cultural initiatives in Nebraska. Their equity strategies, also rated at 77, suggest that they are making strides toward inclusivity and diversity in their programming.
Despite its strengths, the Nebraska Cultural Endowment may face challenges in enhancing its cultural and community score, which, while commendable, indicates areas for potential growth in engagement. Overall, the organization stands out for its financial integrity and commitment to cultural enrichment in Nebraska.
This AI summary has been generated from information found on Charity Navigator.
Is Nebraska Cultural Endowment legitimate?
Nebraska Cultural Endowment is a legitimate nonprofit organization registered as a 501(c)(3) entity. Nebraska Cultural Endowment 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: $73,137
Professional Fundraising Fees: $0
Other Salaries and Wages: $78,939
For more financial information, click here
Official website here: www.nebraskaculturalendowment.org
What is the mission statement of Nebraska Cultural Endowment?
The Nebraska Cultural Endowment serves as a private partner in a public-private partnership with the state of Nebraska, with the primary goal of supporting the arts and humanities within Nebraska. It actively contributes to the activities of the Nebraska Arts Council and Nebraska Humanities Council, operating under the name Humanities Nebraska. The endowment operates through a unique system where each contribution is matched by income from a public fund, providing real-time support for programs in the arts and humanities. The public match ensures the continuous funding of these programs, while the private contributions are endowed for future support. In essence, the Nebraska Cultural Endowment works to bolster the arts and humanities sector in Nebraska through a combination of present and future funding.
Official website here: www.nebraskaculturalendowment.org
Who is the CEO of Nebraska Cultural Endowment?
Maggie Smith is the President of Nebraska Cultural Endowment.
Official website here: www.nebraskaculturalendowment.org
What is the revenue of Nebraska Cultural Endowment?
Nebraska Cultural Endowment's revenue in 2022 was $3,037,702.
Official website here: www.nebraskaculturalendowment.org
Who are the executives of Nebraska Cultural Endowment and what are their salaries?
The average compensation at Nebraska Cultural Endowment during 2022 was $25,346. There are 6 employees at Nebraska Cultural Endowment.
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Official website here: www.nebraskaculturalendowment.org
Where can I find the form 990 for Nebraska Cultural Endowment?
Nebraska Cultural Endowment's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.nebraskaculturalendowment.org
Learn more at the official website: www.nebraskaculturalendowment.org
Mission Statement of Nebraska Cultural Endowment
The Nebraska Cultural Endowment plays a crucial role in supporting the activities of two esteemed organizations: the Nebraska Arts Council and Nebraska Humanities Council, operating under the name Humanities Nebraska. This nonprofit organization's mission is to foster a strong partnership with the state of Nebraska, providing both financial and moral support to these cultural entities.
Established in 1998, the Nebraska Cultural Endowment operates within a public-private partnership. A public fund was established by the state of Nebraska, specifically to bolster the programs and projects of the Nebraska Arts Council and Humanities Nebraska. The Nebraska Cultural Endowment serves as the private counterpart, contributing financially to this fund. In a unique arrangement, each contribution made to the Cultural Endowment is matched by the income generated from the public fund. This public match provides immediate support to programs within the arts and humanities, while the private contributions function as a long-term endowment, ensuring continued funding for these programs in the future. By doing so, the Nebraska Cultural Endowment ensures that the Nebraska Arts Council and Humanities Nebraska can continue their vital work in promoting and preserving the arts and humanities within Nebraska.
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Impact
July, 2024
The impact of the Nebraska Cultural Endowment is significant in supporting the activities of the Nebraska Arts Council and the Nebraska Humanities Council, doing business as Humanities Nebraska. Through a public-private partnership with the state of Nebraska, the Cultural Endowment plays a crucial role in providing support for the arts and humanities in the state.
By establishing a public fund in 1998, the Cultural Endowment ensures that each contribution is matched by income from the public fund. This matching mechanism allows for real-time support of programs in the arts and humanities. Moreover, the private contributions that access the match are endowed for future support of these programs, ensuring sustainability and long-term impact.
Overall, the Nebraska Cultural Endowment's efforts play a vital role in enhancing cultural experiences, fostering creativity, and preserving the rich heritage of Nebraska for present and future generations.
This information is meant to be a general summary of Nebraska Cultural Endowment. 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: $549,860
- Gross Receipts: $5,826,157
Assets and Liabilities:
- Total Assets: $15,679,143
- Total Liabilities: $68,602
- Net Assets: $15,610,541
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Organization Details
Founding Year
1998
Phone
(402) 595-2722Principal Officer
Maggie Smith
Main Address
1004 FARNAM STREET PLAZA LEVEL, OMAHA, NE, 68102
NTEE Category
Code: T50 - Philanthropy
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