Civic Intelligence

Accelerate Nebraska Inc

990 • Fiscal year 2017 • EIN 47-0964472

Jan 01, 2017 to Dec 31, 2017 • Filed on Jul 09, 2018

Organization ProfileWWW.ACCELERATENE.ORG

View Organization Page

7101 Mercy Rd No 240Omaha, NE 68106-2643

(402) 991-5617

Siviq Scores

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

Liabilities / Assets

56th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Liabilities / Revenue

56th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Net Margin

1st percentile

-582280%

Higher net margin than 1% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Top Officer Pay

82nd percentile

$15,000

Higher top officer pay than 82% of similar nonprofits.

Top officer pay equals 150000.0% of source-year revenue.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Asset Growth

12th percentile

-37%

Faster asset growth than 12% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

1st percentile

-100%

Faster revenue growth than 1% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets56th percentile

Assets

Down

$97,734

Down $58,228 (-37%) from 2016

Net Assets

Down

$97,734

Down $58,228 (-37%) from 2016

Liabilities

Flat

$0

Flat from 2016

Revenue And Expenses
Liabilities / Revenue56th percentileNet Margin1st percentile

Revenue

Down

$10

Down $190,589 (-100%) from 2016

Expenses

Down

$58,238

Down $292,520 (-83%) from 2016

Net Income

Up

-$58,228

Up $101,931 (+64%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth12th percentile

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

$600K$400K$200K$0Assets 2014: $446,022Liabilities 2014: $25,304Net Assets 2014: $420,7182014Assets 2015: $319,321Liabilities 2015: $3,200Net Assets 2015: $316,1212015Assets 2016: $155,962Liabilities 2016: $0Net Assets 2016: $155,9622016Assets 2017: $97,734Liabilities 2017: $0Net Assets 2017: $97,7342017Assets 2018: $19,467Liabilities 2018: $0Net Assets 2018: $19,4672018Assets 2019: $21,531Liabilities 2019: $0Net Assets 2019: $21,5312019

Highlighted filing

2017

Assets$97,734
Liabilities$0
Net Assets$97,734
Open 2017 Filing

Operations Trend

Revenue Growth1st percentile

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

$1.0M$500K$0-$500KRevenue 2014: $725,000Expenses 2014: $304,282Net Income 2014: $420,7182014Revenue 2015: $578,050Expenses 2015: $682,647Net Income 2015: -$104,5972015Revenue 2016: $190,599Expenses 2016: $350,758Net Income 2016: -$160,1592016Revenue 2017: $10Expenses 2017: $58,238Net Income 2017: -$58,2282017Revenue 2018: $25,091Expenses 2018: $103,358Net Income 2018: -$78,2672018Revenue 2019: $75,000Expenses 2019: $72,936Net Income 2019: $2,0642019

Highlighted filing

2017

Revenue$10
Expenses$58,238
Net Income-$58,228
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Jul 9, 2018
Return Version
2017v2.3
Gross Receipts
$10
Mission and Program Overview

Mission

Accelerate nebraska's mission is to inform and connect workforce and economic development stakeholders in order to effectuate policies and practices that maximize nebraska's human capital. For nebraska to maximize its human capital, stakeholders across the state must work together to provide educational experiences that adequately prepare students for careers, as well as provide job opportunities that fully leverage the capabilities of the state's workforce. Accelerate nebraska is working to accomplish these objectives by identifying factors that contribute to misalignment between education and workforce needs, and once identified, to stimulate collaboration among educational, governmental, business, and community stakeholders across the state to address such factors.

To inform and connect workforce and economic development stakeholders in order to effectuate policies and practices that maximize nebraska's human capital.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$100,000--
Cash and Non-Interest-Bearing Accounts$55,556$97,734▲ $42,178
Total Assets$155,962$97,734▼ $58,228
Other Assets Total$406--
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$155,962$97,734▼ $58,228
Total Net Assets Fund Balance$155,962$97,734▼ $58,228
Total Liabilities and Net Assets / Fund Balance$155,962$97,734▼ $58,228
Compensation and Service Providers
Top Officer Pay82nd percentile

Employees

NameTitleFull / Part TimeBaseTotal
Kris ValentinVice PresidentPT$15,000$15,000
Michael AlvanoCFOPT$15,000$15,000

Board Members and Trustees

NameTitle
Jeff SchmidPresident
Cathy LangDirector
Dan ShundoffDirector
Dr Ken BirdDirector
Gloria ThesenvitzDirector
Greg AdamsDirector
Jeff SchererDirector
Todd JohnsonDirector
Thomas Warren SrDirector (thru 11/7/2017)
John HarmsDirector (thru 5/30/17)
Revenue and Support

Revenue Composition

Contributions and Grants
$10
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$10
Change in Net Assets
$-58,228
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$58,238
Total Fundraising Expense$658
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Accounting$4,305$12,915-$17,220
Other Expenses$15,000$15,000-$15,000
Insurance-$4,906-$4,906
Fees for Services Legal-$3,717-$3,717
Advertising$651-$651$1,302
All Other Expenses-$805-$805
Office Expenses$236--$236
Conferences and Meetings$39$6$7$52
Total Functional Expenses$20,231$37,349$658$58,238
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
Yes
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
Yes
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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

“Upon completion of the form 990 by the organization's independent cpa firm, the form 990 is reviewed by its cfo. If approved by the cfo, the form 990 is presented to the audit committee for approval. Once approved by the audit committee, the form 990 is presented to the full board for approval.”

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

“The organization performs periodic reviews of all potential and actual conflicts of interest as required by its conflict of interest policy. Under the direction of legal counsel, each issue/situation is dealt with in a timely and appropriate manner to comply with internal policy.”

Form 990, Part VI, Section B, Line 15

“The organization has appointed a compensation committee to review and evaluate the compensation and benefit plans affecting its key employees including the president and vice president. The recommendations of the committee are taken to the full board for final approval.”

Form 990, Part VI, Section C, Line 19

“The organization makes its governing documents including applicable internal policies, its financial statements and any other required documents available to the public at its primary office location. Copies will be made to the public upon written request.”

Filing and Contact Details

Filer

Filer Name
Accelerate Nebraska Inc
EIN
47-0964472
Phone
4029915617
Address
7101 MERCY RD NO 240, OMAHA, NE 68106-2643

Signing Officer

Name
Michael Alvano
Title
CFO
Phone
4029915617
Signed
2018-07-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael Alvano
Formed
2014
Legal Domicile
Ne
Voting Board Members
8
Independent Board Members
8
Employees
0
Volunteers
8

Preparer

Firm
Seim Johnson Llp
Address
18081 BURT STREET SUITE 200, OMAHA, NE 68022-4722
Preparer
Randy E Kathol
Phone
4023302660
Raw XML Appendix362 raw XML fields

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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IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR (THRU 5/30/17)
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IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
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IRS990/MissionDesc0ACCELERATE NEBRASKA'S MISSION IS TO INFORM AND CONNECT WORKFORCE AND ECONOMIC DEVELOPMENT STAKEHOLDERS IN ORDER TO EFFECTUATE POLICIES AND PRACTICES THAT MAXIMIZE NEBRASKA'S HUMAN CAPITAL. FOR NEBRASKA TO MAXIMIZE ITS HUMAN CAPITAL, STAKEHOLDERS ACROSS THE STATE MUST WORK TOGETHER TO PROVIDE EDUCATIONAL EXPERIENCES THAT ADEQUATELY PREPARE STUDENTS FOR CAREERS, AS WELL AS PROVIDE JOB OPPORTUNITIES THAT FULLY LEVERAGE THE CAPABILITIES OF THE STATE'S WORKFORCE. ACCELERATE NEBRASKA IS WORKING TO ACCOMPLISH THESE OBJECTIVES BY IDENTIFYING FACTORS THAT CONTRIBUTE TO MISALIGNMENT BETWEEN EDUCATION AND WORKFORCE NEEDS, AND ONCE IDENTIFIED, TO STIMULATE COLLABORATION AMONG EDUCATIONAL, GOVERNMENTAL, BUSINESS, AND COMMUNITY STAKEHOLDERS ACROSS THE STATE TO ADDRESS SUCH FACTORS.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION PERFORMS PERIODIC REVIEWS OF ALL POTENTIAL AND ACTUAL CONFLICTS OF INTEREST AS REQUIRED BY ITS CONFLICT OF INTEREST POLICY. UNDER THE DIRECTION OF LEGAL COUNSEL, EACH ISSUE/SITUATION IS DEALT WITH IN A TIMELY AND APPROPRIATE MANNER TO COMPLY WITH INTERNAL POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION HAS APPOINTED A COMPENSATION COMMITTEE TO REVIEW AND EVALUATE THE COMPENSATION AND BENEFIT PLANS AFFECTING ITS KEY EMPLOYEES INCLUDING THE PRESIDENT AND VICE PRESIDENT. THE RECOMMENDATIONS OF THE COMMITTEE ARE TAKEN TO THE FULL BOARD FOR FINAL APPROVAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS INCLUDING APPLICABLE INTERNAL POLICIES, ITS FINANCIAL STATEMENTS AND ANY OTHER REQUIRED DOCUMENTS AVAILABLE TO THE PUBLIC AT ITS PRIMARY OFFICE LOCATION. COPIES WILL BE MADE TO THE PUBLIC UPON WRITTEN REQUEST.
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
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ReturnHeader/TaxYr02017

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$97,734
Liabilities
$0
Net assets
$97,734
Revenue
$10
Expenses
$58,238
Net income
-$58,228
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2019Detailed filing. Detailed filing data is available for this year.$0.22$0.00$0.22$0.75$0.73$0.02
2018Detailed filing. Detailed filing data is available for this year.$0.19$0.00$0.19$0.25$1.03$0.78
2017Detailed filing. Detailed filing data is available for this year.$0.98$0.00$0.98$0.00$0.58$0.58
2016Detailed filing. Detailed filing data is available for this year.$1.56$0.00$1.56$1.91$3.51$1.60
2015Detailed filing. Detailed filing data is available for this year.$3.19$0.03$3.16$5.78$6.83$1.05
2014Detailed filing. Detailed filing data is available for this year.$4.46$0.25$4.21$7.25$3.04$4.21