Civic Intelligence

Nebraska State Fair Park Foundation

990 • Fiscal year 2022 • EIN 36-3667905

Jan 01, 2022 to Dec 31, 2022 • Filed on Mar 20, 2023

Organization ProfileWWW.1868FOUNDATION.ORG
PO Box 80698Lincoln, NE 68501-0698

(402) 432-1393

Siviq Scores

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

Liabilities / Assets

83rd percentile

0.47x

Higher debt load relative to assets than 83% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

90th percentile

1.41x

Higher debt load relative to revenue than 90% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

85th percentile

40%

Higher net margin than 85% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

61st percentile

$83,898

Higher top officer pay than 61% of similar nonprofits.

Top officer pay equals 19.1% of source-year revenue.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Asset Growth

94th percentile

105%

Faster asset growth than 94% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

89th percentile

90%

Faster revenue growth than 89% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets83rd percentile

Assets

Up

$1,305,392

Up $669,073 (+105%) from 2021

Net Assets

Up

$689,082

Up $176,833 (+35%) from 2021

Liabilities

Up

$616,310

Up $492,240 (+397%) from 2021

Revenue And Expenses
Liabilities / Revenue90th percentileNet Margin85th percentile

Revenue

Up

$438,649

Up $207,242 (+90%) from 2021

Expenses

Up

$261,816

Up $49,296 (+23%) from 2021

Net Income

Up

$176,833

Up $157,946 (+836%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth94th percentile

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

$1.5M$1.0M$500K$0Assets 2010: $185,442Liabilities 2010: $25,660Net Assets 2010: $159,7822010Assets 2011: $135,107Liabilities 2011: $12,341Net Assets 2011: $122,7662011Assets 2012: $133,607Liabilities 2012: $14,292Net Assets 2012: $119,3152012Assets 2013: $108,416Liabilities 2013: $27,578Net Assets 2013: $80,8382013Assets 2014: $135,736Liabilities 2014: $15,788Net Assets 2014: $119,9482014Assets 2015: $259,317Liabilities 2015: $12,072Net Assets 2015: $247,2452015Assets 2016: $459,027Liabilities 2016: $208,857Net Assets 2016: $250,1702016Assets 2017: $413,939Liabilities 2017: $105,041Net Assets 2017: $308,8982017Assets 2019: $508,915Liabilities 2019: $3,580Net Assets 2019: $505,3352019Assets 2020: $615,775Liabilities 2020: $122,413Net Assets 2020: $493,3622020Assets 2021: $636,319Liabilities 2021: $124,070Net Assets 2021: $512,2492021Assets 2022: $1,305,392Liabilities 2022: $616,310Net Assets 2022: $689,0822022Assets 2023: $1,220,976Liabilities 2023: $590,941Net Assets 2023: $630,0352023Assets 2024: $1,100,075Liabilities 2024: $559,527Net Assets 2024: $540,5482024

Highlighted filing

2022

Assets$1,305,392
Liabilities$616,310
Net Assets$689,082
Open 2022 Filing

Operations Trend

Revenue Growth89th percentile

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

$1.0M$500K$0-$500KExpenses 2010: $82,1612010Expenses 2011: $117,7392011Expenses 2012: $98,8202012Revenue 2013: $66,890Expenses 2013: $105,367Net Income 2013: -$38,4772013Revenue 2014: $154,225Expenses 2014: $115,115Net Income 2014: $39,1102014Revenue 2015: $293,367Expenses 2015: $166,070Net Income 2015: $127,2972015Revenue 2016: $791,322Expenses 2016: $788,397Net Income 2016: $2,9252016Revenue 2017: $243,177Expenses 2017: $184,449Net Income 2017: $58,7282017Revenue 2019: $307,180Expenses 2019: $212,981Net Income 2019: $94,1992019Revenue 2020: $151,051Expenses 2020: $163,024Net Income 2020: -$11,9732020Revenue 2021: $231,407Expenses 2021: $212,520Net Income 2021: $18,8872021Revenue 2022: $438,649Expenses 2022: $261,816Net Income 2022: $176,8332022Revenue 2023: $453,538Expenses 2023: $523,085Net Income 2023: -$69,5472023Revenue 2024: $448,285Expenses 2024: $537,772Net Income 2024: -$89,4872024

Highlighted filing

2022

Revenue$438,649
Expenses$261,816
Net Income$176,833
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Mar 20, 2023
Return Version
2022v5.0
Gross Receipts
$523,177
Mission and Program Overview

Mission

The mission of the nebraska state fair 1868 foundation is to raise funds and resources for the overall improvement of the nebraska state fair.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$435,253$776,106▲ $340,853
Investments in Publicly Traded Securities-$379,242-
Pledges and Grants Receivable$170,000$120,782▼ $49,218
Inventories for Sale or Use$12,243$15,093▲ $2,850
Savings and Temporary Cash Investments$18,823$14,169▼ $4,654
Total Assets$636,319$1,305,392▲ $669,073
Liabilities
Unsecured Notes Loans Payable$119,400$612,300▲ $492,900
Accounts Payable and Accrued Expenses$4,670$4,010▼ $660
Total Liabilities$124,070$616,310▲ $492,240
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$214,488$375,914▲ $161,426
Net Assets With Donor Restrictions$297,761$313,168▲ $15,407
Total Net Assets Fund Balance$512,249$689,082▲ $176,833
Total Liabilities and Net Assets / Fund Balance$636,319$1,305,392▲ $669,073
Compensation and Service Providers
Top Officer Pay61st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Lindsey KoepkeExecutive DiFT$81,454$2,444$83,898

Board Members and Trustees

NameTitle
Terry GallowayChairman
Jay VavricekVice-chairma
Dustin BeenerDirector
Eddie BiwerDirector
Jill StaabDirector
Steve WehrbeinDirector
Tom MiddletonDirector
Bill OlteanTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$461,495
Program Service Revenue
$0
Investment Income
$3,732
Other Revenue
$-26,578
All Other Contributions
$196,754
Change in Net Assets
$176,833
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$114,943
Salaries, Compensation, and Employee Benefits$99,485
Total Fundraising Expense$48,396
Grants and Similar Amounts Paid$47,388
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$52,945$20,364$8,145$81,454
Grants to Domestic Orgs$47,388--$47,388
Advertising$10,791-$3,597$14,388
Office Expenses$7,036$3,719$2,494$13,249
Occupancy$5,889$2,265$906$9,060
Other Salaries and Wages$8,691--$8,691
Travel$5,260-$2,833$8,093
Conferences and Meetings$5,024$1,932$773$7,729
All Other Expenses$4,715$1,942$328$6,985
Payroll Taxes$4,715$1,558$623$6,896
Insurance$3,043$1,171$468$4,682
Other Expenses$18,275$3,298$7,500$3,298
Pension Plan Contributions$1,589$611$244$2,444
Fees for Services Accounting-$1,199-$1,199
Total Functional Expenses$175,361$38,059$48,396$261,816
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Nebraska State FairGrand Island, NE-Aksarben Grant Fund$24,500
Nebraska State FairGrand Island, NE-Fair Improvements$22,888
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$84,528
Fundraising Gross Income$50,195
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Legacy Program$129,044-$9,661-
Blue Ribbon Rol$95,697-$22,535-
Total Events$314,936$50,195$84,528$-34,333
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
Annual disclosure for covered persons
Yes
Backup withholding compliance
No
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
Yes
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 board of directors reviews and approves form 990 before it is filed.”

Form 990, Page 6, Part VI, Line 12C

“Board members and staff are required to sign a conflict of interest policy, and is reviewed annually for monitoring and enforcement compliance.”

Form 990, Page 6, Part VI, Line 19

“Documents are made available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Nebraska State Fair 1868 Foundation
EIN
36-3667905
Phone
4024321393
Address
PO BOX 80698, LINCOLN, NE 68501-0698

Signing Officer

Name
Lindsey Koepke
Title
Executive Director
Phone
4024321393
Signed
2023-03-20
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Terry Galloway
Formed
1989
Legal Domicile
Ne
Voting Board Members
8
Independent Board Members
8
Employees
2
Volunteers
20

Preparer

Firm
Amgl Pc
Address
PO BOX 1407, GRAND ISLAND, NE 68802-1407
Preparer
Tracy a Cannon CPA
Phone
3083811810
Supplemental Narrative

Additional Explanations

Form 990, Page 1, Part I, Line 6

“The foundation has 8 volunteer board members who serve as oversight and help with fundraising events. There are also around 12 who help set up events and assist with the daily operations of the 1868 foundation gift shop at the state fair.”

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0LEGACY PROGRAM
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0BLUE RIBBON ROL
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IRS990ScheduleI/RecipientTable/CashGrantAmt122888
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0AKSARBEN GRANT FUND
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1FAIR IMPROVEMENTS
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0NEBRASKA STATE FAIR
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1NEBRASKA STATE FAIR
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IRS990ScheduleI/RecipientTable/USAddress/CityNm0GRAND ISLAND
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IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION WORKS WITH THE NEBRASKA STATE FAIR TO MONITOR GRANTS THAT ARE AWARDED THROUGH THE FOUNDATION. ALL SUCH GRANTS ARE PASSED THROUGH FOR THE APPROPRIATE PROGRAM. ANY GRANTS HELD AT THE FOUNDATION ARE ACCOUNTED FOR BY THE EXECUTIVE DIRECTOR.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE I, PAGE 1, PART I, LINE 2
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IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION HAS 8 VOLUNTEER BOARD MEMBERS WHO SERVE AS OVERSIGHT AND HELP WITH FUNDRAISING EVENTS. THERE ARE ALSO AROUND 12 WHO HELP SET UP EVENTS AND ASSIST WITH THE DAILY OPERATIONS OF THE 1868 FOUNDATION GIFT SHOP AT THE STATE FAIR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD OF DIRECTORS REVIEWS AND APPROVES FORM 990 BEFORE IT IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2BOARD MEMBERS AND STAFF ARE REQUIRED TO SIGN A CONFLICT OF INTEREST POLICY, AND IS REVIEWED ANNUALLY FOR MONITORING AND ENFORCEMENT COMPLIANCE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 1, PART I, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
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Document Assets

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,305,392
Liabilities
$616,310
Net assets
$689,082
Revenue
$438,649
Expenses
$261,816
Net income
$176,833
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.10$0.56$0.54$0.45$0.54$0.09
2023Detailed filing. Detailed filing data is available for this year.$1.22$0.59$0.63$0.45$0.52$0.07
2022Detailed filing. Detailed filing data is available for this year.$1.31$0.62$0.69$0.44$0.26$0.18
2021Detailed filing. Detailed filing data is available for this year.$0.64$0.12$0.51$0.23$0.21$0.02
2020Detailed filing. Detailed filing data is available for this year.$0.62$0.12$0.49$0.15$0.16$0.01
2019Detailed filing. Detailed filing data is available for this year.$0.51$0.00$0.51$0.31$0.21$0.09
2017Detailed filing. Detailed filing data is available for this year.$0.41$0.11$0.31$0.24$0.18$0.06
2016Detailed filing. Detailed filing data is available for this year.$0.46$0.21$0.25$0.79$0.79$0.00
2015Detailed filing. Detailed filing data is available for this year.$0.26$0.01$0.25$0.29$0.17$0.13
2014Detailed filing. Detailed filing data is available for this year.$0.14$0.02$0.12$0.15$0.12$0.04
2013Detailed filing. Detailed filing data is available for this year.$0.11$0.03$0.08$0.07$0.11$0.04
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.13$0.01$0.12$0.10
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.14$0.01$0.12$0.12
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.19$0.03$0.16$0.08