Mid-Nebraska Community Foundation is an IRS-qualified 501(c)(3) public charitable organization. Donations are tax-deductible as charitable contributions for income tax purposes to the extent allowed by law.
In order to fulfill the purposes of the many charitable funds that we administer, we strive to have accurate financial accounting, prudent investment of assets as well as effective and efficient administrative operations.
Financial Highlights
Year established: 1978
Legal name: Mid-Nebraska Community Foundation, Inc. (a Nebraska nonprofit corporation)
IRS classification: 501(c)(3) public charitable organization
Federal Identification Number: 47-0604965
Number of Charitable Funds Administered: About 350
Primary Service Area: North Platte, Lincoln County and nearby counties of Arthur, Custer, Dawson, Frontier, Hayes, Hooker, Keith, Logan, McPherson, Perkins and Thomas in Nebraska
Total Assets: $56,414,000 as of May 31, 2024
Charitable Grants Paid: $1,939,000 in fiscal year ended May 31, 2024
Scholarships Paid: $311,000 in fiscal year ended May 31, 2024
Administrative Expense Ratio: 0.96% of average total assets in fiscal year ended May 31, 2024
Investments
We invest assets of charitable funds in a manner appropriate to the purpose and time frame of the fund.
We invest long-term funds and endowments for long-term performance. For the fiscal years beginning June 1980 through May 2024, long-term investments had returns that averaged 7.48% per year. Our long-term funds were invested 64.4% in stocks and other equities, 31.2% in fixed income securities and 4.5% in cash equivalents as of June 30, 2024.
We invest intermediate-term funds in a more balanced manner than endowments and other long-term funds. Our intermediate-term/balanced funds were invested 47.4% in stocks, 44.4% in fixed income securities and 8.2% in cash as of June 30, 2024.
We invest short-term funds such as active project funds in a very conservative manner with asset preservation being the paramount goal and interest income a secondary goal.
As a 501(c)(3) charitable organization, investment returns are tax-exempt.
Audited Financial Statements
Our financial statements are audited each year by the CPA firm of RJ Meyer & Associates, LLC, North Platte, Nebraska. Contact us if you would like a copy of our Audited Financial Statements.
IRS Form 990 Return
Mid-Nebraska Community Foundation annually files an IRS Form 990. Contact us if you would like a copy of our IRS Form 990. Our IRS Form 990 typically is available on the web sites of monitoring organizations such as IRS Tax Exempt Organization Search and Candid GuideStar.
