Civic Intelligence

Nebraska Trails Foundation Inc.

990 • Fiscal year 2021 • EIN 36-0061007

Jan 01, 2021 to Dec 31, 2021 • Filed on May 25, 2022

5935 South 56th Ste ALincoln, NE 68516

(402) 440-6070

Siviq Scores

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

Liabilities / Assets

11th percentile

0.00x

Higher debt load relative to assets than 11% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Liabilities / Revenue

9th percentile

0.00x

Higher debt load relative to revenue than 9% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Net Margin

99th percentile

99%

Higher net margin than 99% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Top Officer Pay

22nd percentile

$0

Higher top officer pay than 22% of similar nonprofits.

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

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Asset Growth

98th percentile

328%

Faster asset growth than 98% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2020 to 2021

Revenue Growth

99th percentile

1604%

Faster revenue growth than 99% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2020 to 2021

Assets

Up

$7,032,553

Up $5,387,819 (+328%) from 2020

Net Assets

Up

$7,028,040

Up $6,268,827 (+826%) from 2020

Liabilities

Down

$4,513

Down $881,008 (-99%) from 2020

Revenue

Up

$6,297,143

Up $5,927,489 (+1604%) from 2020

Expenses

Down

$35,697

Down $934,097 (-96%) from 2020

Net Income

Up

$6,261,446

Up $6,861,586 (+1143%) from 2020

Historical Trend

Balance Sheet Trend

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2012: $1,668,359Liabilities 2012: $0Net Assets 2012: $1,668,3592012Assets 2013: $1,803,601Liabilities 2013: $0Net Assets 2013: $1,803,6012013Assets 2014: $1,789,765Liabilities 2014: $0Net Assets 2014: $1,789,7652014Assets 2015: $1,367,269Liabilities 2015: $82,615Net Assets 2015: $1,284,6542015Assets 2016: $1,078,552Liabilities 2016: $3,665Net Assets 2016: $1,074,8872016Assets 2017: $1,150,388Liabilities 2017: $10,000Net Assets 2017: $1,140,3882017Assets 2018: $868,273Liabilities 2018: $275Net Assets 2018: $867,9982018Assets 2019: $1,357,841Liabilities 2019: $280Net Assets 2019: $1,357,5612019Assets 2020: $1,644,734Liabilities 2020: $885,521Net Assets 2020: $759,2132020Assets 2021: $7,032,553Liabilities 2021: $4,513Net Assets 2021: $7,028,0402021Assets 2022: $7,196,470Liabilities 2022: $1,524Net Assets 2022: $7,194,9462022Assets 2023: $6,497,108Liabilities 2023: $4,075Net Assets 2023: $6,493,0332023Assets 2024: $397,907Liabilities 2024: $0Net Assets 2024: $397,9072024

Highlighted filing

2021

Assets$7,032,553
Liabilities$4,513
Net Assets$7,028,040

Operations Trend

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

$10M$5.0M$0-$5.0M-$10MExpenses 2012: $169,7542012Revenue 2013: $190,010Expenses 2013: $59,108Net Income 2013: $130,9022013Revenue 2014: $469,715Expenses 2014: $484,885Net Income 2014: -$15,1702014Revenue 2015: $326,419Expenses 2015: $828,659Net Income 2015: -$502,2402015Revenue 2016: $598,303Expenses 2016: $810,622Net Income 2016: -$212,3192016Revenue 2017: $310,845Expenses 2017: $249,679Net Income 2017: $61,1662017Revenue 2018: $178,356Expenses 2018: $443,621Net Income 2018: -$265,2652018Revenue 2019: $492,339Expenses 2019: $12,562Net Income 2019: $479,7772019Revenue 2020: $369,654Expenses 2020: $969,794Net Income 2020: -$600,1402020Revenue 2021: $6,297,143Expenses 2021: $35,697Net Income 2021: $6,261,4462021Revenue 2022: $224,456Expenses 2022: $38,082Net Income 2022: $186,3742022Revenue 2023: $148,116Expenses 2023: $840,697Net Income 2023: -$692,5812023Revenue 2024: $61,209Expenses 2024: $6,156,335Net Income 2024: -$6,095,1262024

Highlighted filing

2021

Revenue$6,297,143
Expenses$35,697
Net Income$6,261,446
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
May 25, 2022
Return Version
2021v4.0
Gross Receipts
$6,297,143
Mission and Program Overview

Mission

To develop and promote multi-use recreational trails in nebraska.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net-$6,133,135-
Cash and Non-Interest-Bearing Accounts$1,266,524$702,982▼ $563,542
Savings and Temporary Cash Investments$300,000$100,000▼ $200,000
Investments in Publicly Traded Securities$78,210$93,152▲ $14,942
Prepaid Expenses and Deferred Charges-$3,284-
Total Assets$1,644,734$7,032,553▲ $5,387,819
Liabilities
Accounts Payable and Accrued Expenses$885,521$4,513▼ $881,008
Total Liabilities$885,521$4,513▼ $881,008
Net Assets / Fund Balance
Net Assets With Donor Restrictions$562,148$6,875,547▲ $6,313,399
Net Assets Without Donor Restrictions$197,065$152,493▼ $44,572
Total Net Assets Fund Balance$759,213$7,028,040▲ $6,268,827
Total Liabilities and Net Assets / Fund Balance$1,644,734$7,032,553▲ $5,387,819

Asset Categories

AssetBook ValueDepreciationBasis
Land$5,809,735-$5,809,735
Other Land Buildings$323,400-$323,400

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2021$79,392-▲ $14,944-$94,336
2020$71,835-▲ $7,557-$79,392
2019$58,803-▲ $13,032-$71,835
2018$60,798-▼ $1,995-$58,803
2017$53,102-▲ $7,696-$60,798
Compensation and Service Providers

Board Members and Trustees

NameTitle
Jason BussPresident
Alex DuryeaDirector
Benny FoltzDirector
Craig WackerDirector
Dan WitulksiDirector
Fred SeckmanDirector
George LedbetterDirector
Gerry OligmuellerDirector
Glenn JohnsonDirector
Jenna BartjaDirector
Kristi NewcombDirector
Marie GregoireDirector
Marty ShukertDirector
Sandra WashingtonDirector
Shari RossoDirector
Susan Larson RodenburgSecretary
Don HerzTreasurer
Chuck GriffithVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$6,287,978
Program Service Revenue
$0
Investment Income
$9,165
Other Revenue
$0
All Other Contributions
$6,287,978
Change in Net Assets
$6,261,446

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
Real Estate Other1$6,133,135Appraisal
Total Noncash Contributions1$6,133,135-

Audited Revenue Reconciliation

Revenue per Audited Statements
$6,297,143
Revenue Not Reported on Form 990
$7,381
Total Revenue per Audited Statements
$6,304,524
Total Revenue per Form 990
$6,297,143
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$35,697
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Accounting-$12,145-$12,145
Insurance-$1,370-$1,370
Other Expenses$1,130$175-$175
Total Functional Expenses$21,689$14,008$0$35,697

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$35,697
Total Expenses per Audited Statements$35,697
Total Expenses per Form 990$35,697
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

The foundation reviews the form 990 at their annual meeting.

Form 990, Page 6, Part VI, Line 19

Governing documents made available upon request.

Filing and Contact Details

Filer

Filer Name
Nebraska Trails Foundation Inc
EIN
36-0061007
Phone
4024406070
Address
5935 SOUTH 56TH STE A, LINCOLN, NE 68516

Signing Officer

Name
Don Herz
Title
Treasurer
Signed
2022-05-25
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Don Herz
Formed
1989
Legal Domicile
Ne
Voting Board Members
18
Independent Board Members
18
Employees
0

Preparer

Firm
Bmg Certified Public Accountants Llp
Address
3533 S 85TH ST, LINCOLN, NE 68520
Preparer
Sarah Boehle Pool
Phone
4024837781
Supplemental Narrative

Financial Statement Notes

Schedule D, Page 2, Part V, Line 4

Contributions to the endowment fund are subject to donor restrictions which stipulate the original principal of the gift is to held and invested by the organization indefinitely and income from the fund is to be expended for the trail system expenses.

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IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherExpensesGrp/Desc0TRAIL CONSTRUCTION & MAIN
IRS990/OtherExpensesGrp/Desc1WEBSITE MAINTENANCE
IRS990/OtherExpensesGrp/Desc2CREDIT CARD FEES
IRS990/OtherExpensesGrp/Desc3BANK CHARGES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0318
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1175
IRS990/OtherExpensesGrp/ProgramServicesAmt020559
IRS990/OtherExpensesGrp/ProgramServicesAmt11130
IRS990/OtherExpensesGrp/TotalAmt020559
IRS990/OtherExpensesGrp/TotalAmt11130
IRS990/OtherExpensesGrp/TotalAmt2318
IRS990/OtherExpensesGrp/TotalAmt3175
IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd0false
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt03284
IRS990/PrincipalOfficerNm0DON HERZ
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0352477
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt017177
IRS990/PYOtherExpensesAmt0969794
IRS990/PYRevenuesLessExpensesAmt0-600140
IRS990/PYTotalExpensesAmt0969794
IRS990/PYTotalRevenueAmt0369654
IRS990/ReconcilationRevenueExpnssAmt06261446
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0300000
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0100000
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0UNREALIZED GAIN/LOSS ON INVESTMENTS 16,169
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART II, LINE 10
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt06287978
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0352477
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0470086
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0147264
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0293613
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt07551418
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt03150
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt017177
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt022253
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt031092
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt017232
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt090904
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt07381
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt01792
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt09786
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt0-7125
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt04335
IRS990ScheduleA/OtherIncome170Grp/TotalAmt016169
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.20520
IRS990ScheduleA/PublicSupportPY170Pct00.61120
IRS990ScheduleA/PublicSupportTotal170Amt01571453
IRS990ScheduleA/SubstantialContributorsTotAmt05979965
IRS990ScheduleA/ThirtyThrPctSuprtTestsPY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt06287978
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0352477
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0470086
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0147264
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0293613
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt07551418
IRS990ScheduleA/TotalSupportAmt07658491
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/ScheduleBRequiredInd0true
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt079392
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt094336
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt014944
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt071835
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt079392
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt07557
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt058803
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt071835
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt013032
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt060798
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt058803
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-1995
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt053102
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt060798
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt07696
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd0false
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0false
IRS990ScheduleD/ExpensesSubtotalAmt035697
IRS990ScheduleD/LandGrp/BookValueAmt05809735
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt05809735
IRS990ScheduleD/NetUnrealizedGainsInvstAmt07381
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0323400
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0323400
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct01.00000
IRS990ScheduleD/RevenueNotReportedAmt07381
IRS990ScheduleD/RevenueSubtotalAmt06297143
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0CONTRIBUTIONS TO THE ENDOWMENT FUND ARE SUBJECT TO DONOR RESTRICTIONS WHICH STIPULATE THE ORIGINAL PRINCIPAL OF THE GIFT IS TO HELD AND INVESTED BY THE ORGANIZATION INDEFINITELY AND INCOME FROM THE FUND IS TO BE EXPENDED FOR THE TRAIL SYSTEM EXPENSES.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 2, PART V, LINE 4
IRS990ScheduleD/TotalBookValueLandBuildingsAmt06133135
IRS990ScheduleD/TotalExpensesPerForm990Amt035697
IRS990ScheduleD/TotalRevenuePerForm990Amt06297143
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt06304524
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt035697
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd0false
IRS990ScheduleM/RealEstateOtherGrp/ContributionCnt01
IRS990ScheduleM/RealEstateOtherGrp/MethodOfDeterminingRevenuesTxt0APPRAISAL
IRS990ScheduleM/RealEstateOtherGrp/NonCashCheckboxInd0X
IRS990ScheduleM/RealEstateOtherGrp/NoncashContributionsRptF990Amt06133135
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd0false
IRS990ScheduleM/ThirdPartiesUsedInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION REVIEWS THE FORM 990 AT THEIR ANNUAL MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1GOVERNING DOCUMENTS MADE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01644734
IRS990/TotalAssetsEOYAmt07032553
IRS990/TotalAssetsGrp/BOYAmt01644734
IRS990/TotalAssetsGrp/EOYAmt07032553
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt06287978
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt014008
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt021689
IRS990/TotalFunctionalExpensesGrp/TotalAmt035697
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0885521
IRS990/TotalLiabilitiesEOYAmt04513
IRS990/TotalLiabilitiesGrp/BOYAmt0885521
IRS990/TotalLiabilitiesGrp/EOYAmt04513
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0759213

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