Civic Intelligence

Nebraska Trails Foundation Inc.

990 • Fiscal year 2023 • EIN 36-0061007

Jan 01, 2023 to Dec 31, 2023 • Filed on Jun 07, 2024

Organization ProfileWWW.NEBRASKATRAILSFOUNDATION.ORG
5935 South 56th Street Suite ALincoln, NE 68516

(402) 440-6070

Siviq Scores

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

Liabilities / Assets

10th percentile

0.00x

Higher debt load relative to assets than 10% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Liabilities / Revenue

19th percentile

0.03x

Higher debt load relative to revenue than 19% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Net Margin

1st percentile

-468%

Higher net margin than 1% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

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.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Asset Growth

10th percentile

-9.7%

Faster asset growth than 10% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2022 to 2023

Revenue Growth

11th percentile

-34%

Faster revenue growth than 11% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets10th percentile

Assets

Down

$6,497,108

Down $699,362 (-9.7%) from 2022

Net Assets

Down

$6,493,033

Down $701,913 (-9.8%) from 2022

Liabilities

Up

$4,075

Up $2,551 (+167%) from 2022

Revenue And Expenses
Liabilities / Revenue19th percentileNet Margin1st percentile

Revenue

Down

$148,116

Down $76,340 (-34%) from 2022

Expenses

Up

$840,697

Up $802,615 (+2108%) from 2022

Net Income

Down

-$692,581

Down $878,955 (-472%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth10th percentile

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

2023

Assets$6,497,108
Liabilities$4,075
Net Assets$6,493,033
Open 2023 Filing

Operations Trend

Revenue Growth11th percentile

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

2023

Revenue$148,116
Expenses$840,697
Net Income-$692,581
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Jun 7, 2024
Return Version
2023v5.0
Gross Receipts
$218,651
Mission and Program Overview

Mission

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

The foundation exists to develop and promote multi-use recreational trails in nebraska.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$6,133,135$6,133,135→ $0
Savings and Temporary Cash Investments-$204,000-
Cash and Non-Interest-Bearing Accounts$983,468$158,433▼ $825,035
Investments in Publicly Traded Securities$79,867--
Total Assets$7,196,470$6,497,108▼ $699,362
Other Assets Total-$1,540-
Liabilities
Accounts Payable and Accrued Expenses$1,524$4,075▲ $2,551
Total Liabilities$1,524$4,075▲ $2,551
Net Assets / Fund Balance
Net Assets With Donor Restrictions$7,048,367$6,326,563▼ $721,804
Net Assets Without Donor Restrictions$146,579$166,470▲ $19,891
Total Net Assets Fund Balance$7,194,946$6,493,033▼ $701,913
Total Liabilities and Net Assets / Fund Balance$7,196,470$6,497,108▼ $699,362

Asset Categories

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

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$81,054-▲ $2,311$70,663$12,702
2022$94,336-▼ $13,285-$81,054
2021$79,392-▲ $14,944-$94,336
2020$71,835-▲ $7,557-$79,392
2019$58,803-▲ $13,032-$71,835
Compensation and Service Providers
Top Officer Pay22nd percentile

Board Members and Trustees

NameTitle
Jason BussPresident
Alex DuryeaDirector
Craig WackerDirector
Dan WitulksiDirector
George LedbetterDirector
Gerry OligmuellerDirector
Glenn JohnsonDirector
Jenna BartjaDirector
Marie GregoireDirector
Marty ShukertDirector
Sandra WashingtonDirector
Stan DarlingDirector
Don HerzPast Treasur
Susan Larson RodenburgSecretary
Ashley TylerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$101,437
Program Service Revenue
$0
Investment Income
$46,679
Other Revenue
$0
All Other Contributions
$101,437
Change in Net Assets
$-692,581
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$840,697
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-$12,740-$12,740
Insurance-$1,450-$1,450
Other Expenses$1,130--$1,130
Office Expenses-$710-$710
Total Functional Expenses$825,797$14,900$0$840,697
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
Yes
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 the annual meeting.”

Form 990, Page 6, Part VI, Line 19

“The foundation makes the governing documents available upon request.”

Filing and Contact Details

Filer

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

Signing Officer

Name
Don Herz
Title
Past Treasurer
Signed
2024-06-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Don Herz
Formed
1989
Legal Domicile
Ne
Voting Board Members
15
Independent Board Members
15
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 is to held and invested by the foundation indefinitely and income is to be expended for the trail system expenses.”

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IRS990ScheduleA/FactsAndCircumstancesTestTxt0THE FOUNDATION SOLICITS AND RECEIVES DONATIONS FROM VARIOUS PUBLIC SOURCES WHICH SUPPORT OPERATIONS. THE FOUNDATION DID NOT MEET THE 33 1/3% TEST DUE TO ONE LARGE DONATION OF LAND DURING 2021. THE FOUNDATION HELPS TO PROVIDE MULTI-USE RECREATIONAL TRAILS FOR USE BY THE GENERAL PUBLIC.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt018,959
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt1THE FOUNDATION SOLICITS AND RECEIVES DONATIONS FROM VARIOUS PUBLIC SOURCES WHICH SUPPORT OPERATIONS. THE FOUNDATION DID NOT MEET THE 33 1/3% TEST DUE TO ONE LARGE DONATION OF LAND DURING 2021. THE FOUNDATION HELPS TO PROVIDE MULTI-USE RECREATIONAL TRAILS FOR USE BY THE GENERAL PUBLIC.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt2THE FOUNDATION SOLICITS AND RECEIVES DONATIONS FROM VARIOUS PUBLIC SOURCES WHICH SUPPORT OPERATIONS. THE FOUNDATION DID NOT MEET THE 33 1/3% TEST DUE TO ONE LARGE DONATION OF LAND DURING 2021. THE FOUNDATION HELPS TO PROVIDE MULTI-USE RECREATIONAL TRAILS FOR USE BY THE GENERAL PUBLIC.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART II, LINE 10
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc1PART II, LINE 17A
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc2PART II, LINE 17B
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0213826
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt06287978
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0352477
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0470086
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt07425804
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt035048
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt06187
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt03150
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt017177
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt022253
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt083815
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt07381
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt01792
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt09786
IRS990ScheduleA/OtherIncome170Grp/TotalAmt018959
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.19170
IRS990ScheduleA/PublicSupportPY170Pct00.19700
IRS990ScheduleA/PublicSupportTotal170Amt01443241
IRS990ScheduleA/SubstantialContributorsTotAmt05982563
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0101437
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0213826
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt06287978
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0352477
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0470086
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt07425804
IRS990ScheduleA/TotalSupportAmt07528578
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/BeginningYearBalanceAmt081054
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt012702
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt02311
IRS990ScheduleD/CYEndwmtFundGrp/OtherExpendituresAmt070663
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt094336
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt081054
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-13285
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt079392
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt094336
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt014944
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt071835
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt079392
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt07557
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt058803
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt071835
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt013032
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd0false
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0false
IRS990ScheduleD/LandGrp/BookValueAmt05809735
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt05809735
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0323400
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0323400
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct01.00000
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0CONTRIBUTIONS TO THE ENDOWMENT FUND ARE SUBJECT TO DONOR RESTRICTIONS WHICH STIPULATE THE ORIGINAL PRINCIPAL IS TO HELD AND INVESTED BY THE FOUNDATION INDEFINITELY AND INCOME IS TO BE EXPENDED FOR THE TRAIL SYSTEM EXPENSES.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 2, PART V, LINE 4
IRS990ScheduleD/TotalBookValueLandBuildingsAmt06133135
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION REVIEWS THE FORM 990 AT THE ANNUAL MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FOUNDATION MAKES THE GOVERNING DOCUMENTS AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalFunctionalExpensesGrp/TotalAmt0840697
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IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0148116
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt07196470
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt06497108
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IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
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IRS990/USAddress/CityNm0LINCOLN
IRS990/USAddress/StateAbbreviationCd0NE
IRS990/USAddress/ZIPCd068516
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IRS990/VotingMembersIndependentCnt015
IRS990/WebsiteAddressTxt0WWW.NEBRASKATRAILSFOUNDATION.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0DON HERZ
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PAST TREASURER
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-06-07
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0NEBRASKA TRAILS FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0NEBR
ReturnHeader/Filer/EIN0360061007
ReturnHeader/Filer/PhoneNum04024406070
ReturnHeader/Filer/USAddress/AddressLine1Txt05935 SOUTH 56TH STREET SUITE A
ReturnHeader/Filer/USAddress/CityNm0LINCOLN
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NE
ReturnHeader/Filer/USAddress/ZIPCd068516
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0470650756
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BMG CERTIFIED PUBLIC ACCOUNTANTS LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt03533 S 85TH ST
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0LINCOLN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NE

Document Assets

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$6,497,108
Liabilities
$4,075
Net assets
$6,493,033
Revenue
$148,116
Expenses
$840,697
Net income
-$692,581
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.40$0.00$0.40$0.06$6.16$6.10
2023Detailed filing. Detailed filing data is available for this year.$6.50$0.00$6.49$0.15$0.84$0.69
2022Detailed filing. Detailed filing data is available for this year.$7.20$0.00$7.19$0.22$0.04$0.19
2021Detailed filing. Detailed filing data is available for this year.$7.03$0.00$7.03$6.30$0.04$6.26
2020Detailed filing. Detailed filing data is available for this year.$1.64$0.89$0.76$0.37$0.97$0.60
2019Detailed filing. Detailed filing data is available for this year.$1.36$0.00$1.36$0.49$0.01$0.48
2018Detailed filing. Detailed filing data is available for this year.$0.87$0.00$0.87$0.18$0.44$0.27
2017Detailed filing. Detailed filing data is available for this year.$1.15$0.01$1.14$0.31$0.25$0.06
2016Detailed filing. Detailed filing data is available for this year.$1.08$0.00$1.07$0.60$0.81$0.21
2015Detailed filing. Detailed filing data is available for this year.$1.37$0.08$1.28$0.33$0.83$0.50
2014Detailed filing. Detailed filing data is available for this year.$1.79$0.00$1.79$0.47$0.48$0.02
2013Detailed filing. Detailed filing data is available for this year.$1.80$0.00$1.80$0.19$0.06$0.13
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.67$0.00$1.67$0.17