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.
Year established: 1978
Type of Organization: 501(c)(3) public charitable organization
Federal Identification Number: 47-0604965
Number of Funds Administered: More than 300 charitable and scholarship funds
Total Assets: $35,225,000 as of May 31, 2021
Charitable Grants Paid: $1,199,000 in fiscal year 2020-2021
Scholarships Paid: $241,000 in fiscal year 2020-2021
Administrative Expense Ratio: 1.0% of average total assets in fiscal year 2020-2021
We invest long-term funds and endowments for long-term performance. For the fiscal years beginning June 1980 through May 2021, long-term investments had returns that averaged 7.8% per year. As a 501(c)(3) charitable organization, investment returns are tax-exempt. Our long-term funds were invested 68.5% in stocks and other equities, 27.5% in fixed income securities and 4% in cash equivalents as of June 30, 2021.
Audited Financial Statements
Our financial statements are audited each year by the CPA firm of RJ Meyer & Associates, LLC, North Platte NE. 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 GuideStar and Charity Navigator.