Nebraska Minority Resource Center

“GOVERNANCE”

“COMPENSATION OF OFFICERS”

“REVENUE”

“Program service accomplishments”

“EXPENSES”

“BALANCE SHEET”

“The organization previously submitted form 990-n for tax year 2024 in good faith, based on the belief that its annual gross receipts were normally $50,000 or less under the multi-year test in form 990 instructions (appendix b). This determination excluded a multi-year (5-year) government grant received for suicide prevention programs, as the organization relied on advice interpreting treas. Ref. 1.509(a)-3(c)(4) regarding unusual grants. The grant, while substantial and not part of the organization's typical annual budget of approximately $50,000, was understood to qualify for the exclusion as an unusual, one-time (or continuation-based) award from a disinterested governmental source provided for broad public benefit, with no expectation of ongoing similar funding at that scale. Upon further review and in response to recent irs examination correspondence, the organization has determined that the grant should have been included in gross receipts for puposes of the form 990-n annual informaiton return for tax year 2024. The organization acted promptly upon discovering the issue, has recalculated gross receipts to include the grant portions received/accrued in 2024, and confirms full compliance with all other requirements. No intentional disregard occurred; the prior filing was based on reasonable reliance on available guidance and advice. The organization regrets any oversight and has implemented procedures to monitor gross receipts and grant characterizations more closely in future years to prevent recurrence.”

“TO BALANCE”

“NUMBER OF 1099S ISSUED”