Civic Intelligence

Omaha Discovery Trust

990 • Fiscal year 2020 • EIN 32-0596113

Jan 01, 2020 to Dec 31, 2020 • Filed on May 10, 2021

Organization ProfileWWW.KIEWITLUMINARIUM.ORG
10050 Regency Circle Suite 101Omaha, NE 68114

(913) 391-3190

Siviq Scores

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

Liabilities / Assets

16th percentile

0.03x

Higher debt load relative to assets than 16% of similar nonprofits.

2020 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2020

Liabilities / Revenue

8th percentile

0.03x

Higher debt load relative to revenue than 8% of similar nonprofits.

2020 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2020

Net Margin

99th percentile

95%

Higher net margin than 99% of similar nonprofits.

2020 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2020

Top Officer Pay

6th percentile

$0

Higher top officer pay than 6% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2020 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2020

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2020

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2020

Balance Sheet
Liabilities / Assets16th percentile

Assets

$63,083,214

No earlier filing loaded for comparison.

Net Assets

$61,392,806

No earlier filing loaded for comparison.

Liabilities

$1,690,408

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue8th percentileNet Margin99th percentile

Revenue

$64,651,062

No earlier filing loaded for comparison.

Expenses

$3,263,563

No earlier filing loaded for comparison.

Net Income

$61,387,499

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

$150M$100M$50M$0Assets 2020: $63,083,214Liabilities 2020: $1,690,408Net Assets 2020: $61,392,8062020Assets 2021: $107,378,585Liabilities 2021: $12,304,277Net Assets 2021: $95,074,3082021Assets 2022: $99,177,508Liabilities 2022: $2,825,639Net Assets 2022: $96,351,8692022Assets 2023: $94,117,175Liabilities 2023: $1,438,969Net Assets 2023: $92,678,2062023Assets 2024: $89,925,304Liabilities 2024: $969,408Net Assets 2024: $88,955,8962024

Highlighted filing

2020

Assets$63,083,214
Liabilities$1,690,408
Net Assets$61,392,806
Open 2020 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$80M$60M$40M$20M$0-$20MRevenue 2020: $64,651,062Expenses 2020: $3,263,563Net Income 2020: $61,387,4992020Revenue 2021: $35,514,781Expenses 2021: $1,830,179Net Income 2021: $33,684,6022021Revenue 2022: $4,775,711Expenses 2022: $3,498,150Net Income 2022: $1,277,5612022Revenue 2023: $8,729,804Expenses 2023: $12,403,467Net Income 2023: -$3,673,6632023Revenue 2024: $9,502,094Expenses 2024: $13,176,447Net Income 2024: -$3,674,3532024

Highlighted filing

2020

Revenue$64,651,062
Expenses$3,263,563
Net Income$61,387,499
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
May 10, 2021
Return Version
2020v4.0
Gross Receipts
$65,157,848
Mission and Program Overview

Mission

Omaha discovery trust was created to establish a science center in downtown omaha with an emphasis on engineering and mathematics. The name of the science center is the kiewit luminarium and it will be a place to explore astonishing phenomena with hands-on learning experiences, nuturing creativity and innovation for people of all ages. The kiewit luminarium is currently under construction with plans to open in early 2023 on lewis & clark landing at the riverfront in omaha, nebraska.

The mission of the Organization is to establish a science center in downtown Omaha with an emphasis on engineering and mathematics.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable-$45,488,991-
Savings and Temporary Cash Investments-$9,866,886-
Cash and Non-Interest-Bearing Accounts$5,307$51,311▲ $46,004
Prepaid Expenses and Deferred Charges-$12,654-
Total Assets$5,307$63,083,214▲ $63,077,907
Other Assets Total-$7,663,372-
Liabilities
Accounts Payable and Accrued Expenses-$1,690,408-
Other Liabilities-$0-
Total Liabilities$0$1,690,408▲ $1,690,408
Net Assets / Fund Balance
Net Assets With Donor Restrictions$5,307$53,714,735▲ $53,709,428
Net Assets Without Donor Restrictions$0$7,678,071▲ $7,678,071
Total Net Assets Fund Balance$5,307$61,392,806▲ $61,387,499
Total Liabilities and Net Assets / Fund Balance$5,307$63,083,214▲ $63,077,907

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$7,663,372--
Compensation and Service Providers
Top Officer Pay6th percentile

Board Members and Trustees

NameTitle
Trent DemullingChair
Rachel JacobsonPresident
Susan MorrisPresident
Brandon HammDirector
Cheryl LoganDirector
Connie RyanDirector
Jane MillerDirector
Lance FritzDirector
Lance PerezDirector
Dan WatersSecretary
Jennifer CallahanTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
T&G Real Estate Solutions LLCconstruction management services10340 North 84th Street, Omaha, NE 68122-2216$227,457
Revenue and Support

Revenue Composition

Contributions and Grants
$64,646,611
Program Service Revenue
$0
Investment Income
$4,451
Other Revenue
$0
All Other Contributions
$64,646,611
Change in Net Assets
$61,387,499

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded2$506,786Fair Market Value (FMV)
Total Noncash Contributions2$506,786-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,913,563
Total Fundraising Expense$362,205
Professional Fundraising Fees$350,000
Grants and Similar Amounts Paid$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Expenses$2,334,420$0$0$2,334,420
Fees for Services Other$430,771--$430,771
Fees for Services Professional Fundraising--$350,000$350,000
Advertising-$111,340-$111,340
Fees for Services Legal-$16,114-$16,114
Fees for Services Accounting-$2,794-$2,794
Total Functional Expenses$2,770,458$130,900$362,205$3,263,563
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$350,000
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Kiewit CorporationSubstantial contributorAmounts paid as construction contractorNo$1,765,148
Governance and Compliance

Governance Checklist

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

Governance Explanations

Form 990, Part VI, Section A, Line 2

“Certain board members have business relationships with other board members.”

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

“The 990 is prepared by the Treasurer and reviewed by the President and Secretary. A copy of the 990 is distributed to all board members for review prior to the filing of the 990.”

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

“The Organization has adopted a conflict of interest policy which requires any transactions which may represent a conflict of interest to be addressed at a board meeting. In addition, board members will be required on an annual basis to complete a Conflict of Interest Policy Annual Statement which requires the the directors to sign and acknowledge that they have read and will comply with the policy as well as disclosing any potential conflicts of interests. As the Organization is in its first year of operations, these procedures are currently in the process of being implemented.”

Form 990, Part VI, Section C, Line 19

“The Organization would provide its governing documents, financial statements and tax returns upon request.”

Filing and Contact Details

Filer

Filer Name
Omaha Discovery Trust
EIN
32-0596113
Phone
9133913190
Address
10050 Regency Circle Suite 101, Omaha, NE 68114

Signing Officer

Name
Jennifer Callahan
Title
Treasurer
Phone
9133913190
Signed
2021-05-10

Organization Details

Principal Officer
Rachel Jacobson
Formed
2019
Legal Domicile
Ne
Voting Board Members
8
Independent Board Members
8
Employees
0
Volunteers
0
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“This expense includes the project management portion of the fees to Heritage Services as well as executive search fees for the search for an Executive Director of the Organization.”

Financial Statement Notes

Schedule D, Part X, Line 2

“The Organization follows the provisions of FASB Codification Topic 740-10 related to uncertain income tax positions. Management believes that it has appropriate support for any tax positions taken, and as such, does not have any uncertain positions that are material to the financial statements.”

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IRS990/MissionDesc0Omaha Discovery Trust was created to establish a science center in downtown Omaha with an emphasis on engineering and mathematics. The name of the science center is the Kiewit Luminarium and it will be a place to explore astonishing phenomena with hands-on learning experiences, nurturing creativity and innovation for people of all ages. The Kiewit Luminarium is currently under construction with plans to open in early 2023 on Lewis & Clark Landing at The RiverFront in Omaha, Nebraska.
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IRS990/OtherLiabilitiesGrp/EOYAmt00
IRS990/OtherRevenueTotalAmt00
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt045488991
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt012654
IRS990/PrincipalOfficerNm0Rachel Jacobson
IRS990/PriorPeriodAdjustmentsAmt00
IRS990/ProfessionalFundraisingInd01
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYExcessBenefitTransInd00
IRS990/PYRevenuesLessExpensesAmt00
IRS990/PYTotalExpensesAmt00
IRS990/PYTotalRevenueAmt00
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt061387499
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RelatedOrganizationsAmt00
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt00
IRS990/RoyaltiesRevenueGrp/ExclusionAmt00
IRS990/RoyaltiesRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RoyaltiesRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt09866886
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt064646610
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt064646610
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt02044
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt02044
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportTotal170Amt016783000
IRS990ScheduleA/SubstantialContributorsTotAmt047863610
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt064646610
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt00
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt064646610
IRS990ScheduleA/TotalSupportAmt064648654
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/FederalIncomeTaxLiabilityAmt00
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt07663372
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Construction in Process- Science Center
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Organization follows the provisions of FASB Codification Topic 740-10 related to uncertain income tax positions. Management believes that it has appropriate support for any tax positions taken, and as such, does not have any uncertain positions that are material to the financial statements.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule D, Part X, Line 2
IRS990ScheduleD/TotalBookValueOtherAssetsAmt07663372
IRS990ScheduleD/TotalLiabilityAmt00
IRS990ScheduleG/AgrmtProfFundraisingActyInd01
IRS990ScheduleG/AllStatesCd0All States
IRS990ScheduleG/FundraiserActivityInfoGrp/ActivityTxt0Heritage Services, a 501c3 organization which provides fundraising and project management services to other nonprofit entities, was contracted for these services for the Organization. The Organization paid Heritage Services a total of $700,000 in 2020, $350,000 of which was allocated to fundraising services and the remaining $350,000 allocated to project management services.
IRS990ScheduleG/FundraiserActivityInfoGrp/FundraiserControlOfFundsInd01
IRS990ScheduleG/FundraiserActivityInfoGrp/GrossReceiptsAmt083997851
IRS990ScheduleG/FundraiserActivityInfoGrp/NetToOrganizationAmt083647851
IRS990ScheduleG/FundraiserActivityInfoGrp/OrganizationBusinessName/BusinessNameLine1Txt0Heritage Services
IRS990ScheduleG/FundraiserActivityInfoGrp/RetainedByContractorAmt0350000
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/AddressLine1Txt010050 Regency Circle Suite 101
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/CityNm0Omaha
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/StateAbbreviationCd0NE
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/ZIPCd068114
IRS990ScheduleG/InPersonSolicitationsInd0X
IRS990ScheduleG/PhoneSolicitationsInd0X
IRS990ScheduleG/TotalGrossReceiptsAmt083997851
IRS990ScheduleG/TotalNetToOrganizationAmt083647851
IRS990ScheduleG/TotalRetainedByContractorsAmt0350000
IRS990/ScheduleJRequiredInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0Kiewit Corporation
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0Substantial contributor
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt01765148
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0Amounts paid as construction contractor
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd00
IRS990ScheduleM/Form8283ReceivedCnt00
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd00
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/ContributionCnt02
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/MethodOfDeterminingRevenuesTxt0FMV
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/NonCashCheckboxInd0X
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/NoncashContributionsRptF990Amt0506786
IRS990ScheduleM/ThirdPartiesUsedInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Certain board members have business relationships with other board members.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The 990 is prepared by the Treasurer and reviewed by the President and Secretary. A copy of the 990 is distributed to all board members for review prior to the filing of the 990.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The Organization has adopted a conflict of interest policy which requires any transactions which may represent a conflict of interest to be addressed at a board meeting. In addition, board members will be required on an annual basis to complete a Conflict of Interest Policy Annual Statement which requires the the directors to sign and acknowledge that they have read and will comply with the policy as well as disclosing any potential conflicts of interests. As the Organization is in its first year of operations, these procedures are currently in the process of being implemented.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The Organization would provide its governing documents, financial statements and tax returns upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4This expense includes the project management portion of the fees to Heritage Services as well as executive search fees for the search for an Executive Director of the Organization.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, Line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section C, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part IX, Line 11g
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt05307
IRS990/TotalAssetsEOYAmt063083214
IRS990/TotalAssetsGrp/BOYAmt05307
IRS990/TotalAssetsGrp/EOYAmt063083214
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt064646611
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt0362205
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0130900
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt02770458
IRS990/TotalFunctionalExpensesGrp/TotalAmt03263563
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt01690408
IRS990/TotalLiabilitiesGrp/BOYAmt00

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$63,083,214
Liabilities
$1,690,408
Net assets
$61,392,806
Revenue
$64,651,062
Expenses
$3,263,563
Net income
$61,387,499
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$89.9$0.97$89.0$9.50$13.2$3.67
2023Detailed filing. Detailed filing data is available for this year.$94.1$1.44$92.7$8.73$12.4$3.67
2022Detailed filing. Detailed filing data is available for this year.$99.2$2.83$96.4$4.78$3.50$1.28
2021Detailed filing. Detailed filing data is available for this year.$107$12.3$95.1$35.5$1.83$33.7
2020Detailed filing. Detailed filing data is available for this year.$63.1$1.69$61.4$64.7$3.26$61.4