Civic Intelligence

Nebraska Families Collaborative

990 • Fiscal year 2020 • EIN 26-4436716

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 09, 2021

14100 Crawford StreetBoys Town, NE 68010

(402) 492-2500

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

93rd percentile

1.04x

Higher debt load relative to assets than 93% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

60th percentile

0.20x

Higher debt load relative to revenue than 60% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

69th percentile

16%

Higher net margin than 69% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

96th percentile

$387,330

Higher top officer pay than 96% of similar nonprofits.

Top officer pay equals 34.9% of source-year revenue.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

1st percentile

-96%

Faster asset growth than 1% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

1st percentile

-98%

Faster revenue growth than 1% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Assets

Down

$217,711

Down $4,775,057 (-96%) from 2019

Net Assets

Up

-$8,853

Up $180,574 (+95%) from 2019

Liabilities

Down

$226,564

Down $4,955,631 (-96%) from 2019

Revenue

Down

$1,109,953

Down $59,543,547 (-98%) from 2019

Expenses

Down

$929,379

Down $59,598,679 (-98%) from 2019

Net Income

Up

$180,574

Up $55,132 (+44%) from 2019

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$10M$5.0M$0-$5.0MAssets 2013: $4,483,182Liabilities 2013: $6,849,768Net Assets 2013: -$2,366,5862013Assets 2014: $6,297,933Liabilities 2014: $6,050,325Net Assets 2014: $247,6082014Assets 2015: $8,479,771Liabilities 2015: $6,939,917Net Assets 2015: $1,539,8542015Assets 2016: $7,462,299Liabilities 2016: $7,552,827Net Assets 2016: -$90,5282016Assets 2018: $6,672,142Liabilities 2018: $6,987,011Net Assets 2018: -$314,8692018Assets 2019: $4,992,768Liabilities 2019: $5,182,195Net Assets 2019: -$189,4272019Assets 2020: $217,711Liabilities 2020: $226,564Net Assets 2020: -$8,8532020Assets 2021: $0Liabilities 2021: $0Net Assets 2021: $02021

Highlighted filing

2020

Assets$217,711
Liabilities$226,564
Net Assets-$8,853

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$80M$60M$40M$20M$0-$20MRevenue 2013: $54,041,145Expenses 2013: $56,101,500Net Income 2013: -$2,060,3552013Revenue 2014: $55,746,573Expenses 2014: $53,132,379Net Income 2014: $2,614,1942014Revenue 2015: $58,208,584Expenses 2015: $56,916,338Net Income 2015: $1,292,2462015Revenue 2016: $62,859,284Expenses 2016: $64,489,666Net Income 2016: -$1,630,3822016Revenue 2018: $67,075,438Expenses 2018: $68,090,179Net Income 2018: -$1,014,7412018Revenue 2019: $60,653,500Expenses 2019: $60,528,058Net Income 2019: $125,4422019Revenue 2020: $1,109,953Expenses 2020: $929,379Net Income 2020: $180,5742020Revenue 2021: $28,115Expenses 2021: $19,262Net Income 2021: $8,8532021

Highlighted filing

2020

Revenue$1,109,953
Expenses$929,379
Net Income$180,574
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 9, 2021
Return Version
2020v4.1
Gross Receipts
$1,109,953
Mission and Program Overview

Mission

PromiseShip tirelessly spans boundaries bringing powerful partners together to provide innovative solutions that transform lifes uncertainties into family wellbeing.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$1,840,519--
Cash and Non-Interest-Bearing Accounts$2,174,132$211,235▼ $1,962,897
Prepaid Expenses and Deferred Charges$34,904--
Accounts Receivable$875,379$6,476▼ $868,903
Total Assets$4,992,768$217,711▼ $4,775,057
Other Assets Total$67,834--
Liabilities
Accounts Payable and Accrued Expenses$5,061,410$226,564▼ $4,834,846
Other Liabilities$120,785--
Total Liabilities$5,182,195$226,564▼ $4,955,631
Net Assets / Fund Balance
Net Assets With Donor Restrictions$24,196--
Net Assets Without Donor Restrictions$-213,623$-8,853▲ $204,770
Total Net Assets Fund Balance$-189,427$-8,853▲ $180,574
Total Liabilities and Net Assets / Fund Balance$4,992,768$217,711▼ $4,775,057
Compensation and Service Providers

Employees

NameTitleOtherTotal
Margaret VacekDirector$124,535$124,535

Board Members and Trustees

NameTitle
Theresa Barron McKeagneyChair/Director
Monika GrossPresident
Gini CollinsVice Chair/Director
Alex HayesDirector
Angie LauritsenDirector
Carolyn Green WilliamsonDirector
Cindy HeiderDirector
Cindy LaPoleDirector
Dave ReedDirector
Eve BleyhlDirector
Jeffrey FusselmanDirector
Karen AuthierDirector
Kathy Bigsby-MooreDirector
Mary Ann BorgensonDirector
Morgan KellyDirector
Peg HarriottDirector
Kevin RileySecretary began June 2019/Director
John JeanettaSecretary through June 2019/Director
Judy RasmussenTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,064,028
Investment Income
$4,866
Other Revenue
$41,059
Change in Net Assets
$180,574
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$549,136
Other Expenses$380,243
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees-$284,261-$284,261
Other Employee Benefits-$217,427-$217,427
Insurance-$101,159-$101,159
Occupancy-$83,097-$83,097
Fees for Services Other-$82,138-$82,138
Office Expenses-$33,518-$33,518
Payroll Taxes-$31,575-$31,575
Fees for Services Accounting-$25,000-$25,000
Fees for Services Legal-$20,942-$20,942
Pension Plan Contributions-$15,873-$15,873
Travel-$1,006-$1,006
Advertising-$1,000-$1,000
Other Expenses$8,344$51-$51
Total Functional Expenses$8,344$921,035$0$929,379
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Federal income taxes-
Related Party Liabilities-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

The organization is comprised of four members consisting of Child Saving Institute CSI, Father Flanagans Boys Home FFBH, Heartland Family Service HFS and Omni Behavioral Health OMNI

Form 990, Part VI, Section B, Line 7A

Prior to the resolution to disolve the organization, the Board of Directors consists of thirteen voting members. The voting members are two employees of and appointed by FFBH one employee of and appointed by CSI one employee of and appointed by HFS one employee of and appointed by OMNI one employee of and appointed by the Nebraska Family Support Network NFSN and seven to thirteen community members, selected by the Nominating Committee. The Nominating Committee has five members consisting of two employees of FFBH entitled to two votes each, one appointed by CSI with one vote, one appointed by HFS with one vote, and one appointed by OMNI with one vote. As part of the dissoloution plan filed with the state of Nebraska, Judy Rasmussen treasurer is the authorized officer appointed to oversee the cessation of operations, the settlement of all claims and liabilities, the collection of accounts, the giving of required notices, the sale or other disposition of assets, the purchase or maintenance of insurance, the execution of all documents and the distribution of assets.

Form 990, Part VI, Section B, Line 11B

The treasurer reviewed the completed Form 990 and prior to filing.

Form 990, Part VI, Section B, Line 12C

The organization has a conflict of interest policy for the board of directors that is completed by each board member annually. In addition, there is a conflict of interest policy for employees that is signed when the employee is hired, indicating they have read and are aware of the policy.

Form 990, Part VI, Section B, Line 15

Compensation for all positions is determined by using comparable data for similarly situated organizations. Documentation of the decisions made regarding compensation are maintained.

Form 990, Part VI, Section C, Line 19

Governing documents, conflict of interest policy, and financial statements are made available to the public upon request.

Form 990, Part VII, Section A, Line 1

Judy Rasmussen, Jeffrey Fusselman, and Maragaret Vacek provided services to Father Flanagans Boys Home and affiliates, therefore remaining weekly hours are spent in that capacity.

Filing and Contact Details

Filer

Filer Name
Nebraska Families Collaborative
EIN
26-4436716
Phone
4024922500
Address
14100 Crawford Street, Boys Town, NE 68010
Doing Business As
PromiseShip

Signing Officer

Name
Judy F Rasmussen CPA Treasurer
Title
Treasurer
Signed
2021-11-09
Discuss with paid preparer
No

Organization Details

Formed
2009
Legal Domicile
Ne
Voting Board Members
1
Independent Board Members
0
Employees
62
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 3

In June of 2019, the State of Nebraska did not renew its contract with Nebraska Families Collaborative. This was the sole contract for services of the organziation. Begining in October of 2019, children and families were transitioned to a new case management provider. In January of 2020, the board of directors voted to allow management to wind up operations and file for dissolution when appropriate.

Financial Statement Notes

X 2

Boys Town and its affiliates have been recognized as a tax-exempt organization by the Internal Revenue Service IRS as described in Section 501C3 of the Code, and, therefore is exempt from income taxes on related income under Section 501a of the Code. Boys Town accounts for uncertainties in accounting for income tax assets and liabilities by recognizing the effect of income tax positions only if those positions are more likely than not of being sustained. At December 31, 2020, Boys Town had no uncertain tax positions accrued.

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IRS990/Form990PartVIISectionAGrp/TitleTxt7Director
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IRS990/PrincipalOfcrBusinessName/BusinessNameLine1Txt0Judy F Rasmussen CPA
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IRS990ScheduleA/FactsAndCircumstancesTestTxt0Part II Section B Line 10 41,059 is miscellaneous income.
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Federal income taxes
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Related Party Liabilities
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Financial derivatives and other financial products
IRS990ScheduleD/OtherSecuritiesGrp/Desc1Closely-held equity interests
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Boys Town and its affiliates have been recognized as a tax-exempt organization by the Internal Revenue Service IRS as described in Section 501C3 of the Code, and, therefore is exempt from income taxes on related income under Section 501a of the Code. Boys Town accounts for uncertainties in accounting for income tax assets and liabilities by recognizing the effect of income tax positions only if those positions are more likely than not of being sustained. At December 31, 2020, Boys Town had no uncertain tax positions accrued.
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