Program areas at Invest Nebraska Corporation
Seed fund program - the organization contracts with the state of Nebraska's department of economic development to provide capital to early-stage businesses through the business innovation act. These businesses are statutorily eligible for financing based on a series of qualifying factors. The organization also provides capital to early-stage businesses through federally designated grant funds.
Nebraska emerging growth - the organization administers funds the Nebraska department of economic development received under the state small business credit initiative (ssbci) program of the u.s. treasury department. Convertible debt and equity investments from $100,000- $1,000,000 can be used for working capital, and inventory/equipment purchases. Funds must be matched by private funds as outlined in the program.
The combine - an agrifood tech incubator located on Nebraska innovation campus to incubate high-growth, early-stage business in the ag and food technology space.
Operational assistance program - provide operational assistance to those startup businesses that need to complete additional projects in order to attract outside capital.
Who funds Invest Nebraska Corporation
Grants from foundations and other nonprofits
| Grantmaker | Grantmaker tax period | Description | Amount |
|---|
| Ewing Marion Kauffman Foundation | 2022-12 | Support for the Launch of A Precision Agriculture Entrepreneurship Education Program To Support the Creation and Growth of Agriculture Related Startups in the Norfolk, Nebraska Region. 202105-10655 | $125,000 |
| Peter Kiewit Foundation | 2023-06 | To Provide Three Years of Program Support for the Combine. | $40,000 |
Personnel at Invest Nebraska Corporation
| Name | Title | Compensation | Date of data |
|---|
| Dan Hoffman | Chief Executive Officer | $200,217 | 2023-10-31 |
| Donna Kush | Chief Executive Officer , Omaha Community Foundation | $0 | 2024-10-16 |
| Dr. Michael Dixon, Ph.D. | Chief Executive Officer , Unemed | $0 | 2024-10-16 |
| Jasmine Kingsley | Vice President of Legal and People at Hudl | | 2024-10-16 |
| Joseph Young | Director of Business Development , Sampson Construction | $0 | 2024-10-16 |
| ...and 5 more key personnel |
Financials for Invest Nebraska Corporation
| Revenues | FYE 12/2023 | FYE 12/2022 | % Change |
|---|
| Total grants, contributions, etc. | $10,307,700 | $4,391,777 | 134.7% |
| Program services | $178,613 | $111,660 | 60% |
| Investment income and dividends | $605,956 | $290,932 | 108.3% |
| Tax-exempt bond proceeds | $0 | $0 | - |
| Royalty revenue | $0 | $0 | - |
| Net rental income | $0 | $0 | - |
| Net gain from sale of non-inventory assets | $-1,528,119 | $2,762,169 | -155.3% |
| Net income from fundraising events | $0 | $0 | - |
| Net income from gaming activities | $0 | $0 | - |
| Net income from sales of inventory | $0 | $0 | - |
| Miscellaneous revenues | $247,367 | $102,038 | 142.4% |
| Total revenues | $9,811,517 | $7,658,576 | 28.1% |
Organizations like Invest Nebraska Corporation
| Organization | Type | Location | Revenue |
|---|
| Uptown Reinvestment Corporation | 501(c)(3) | Flint, MI | $3,251,972 |
| Bedford County Development Association | 501(c)(3) | Bedford, PA | $4,167,470 |
| California Capital FDC | 501(c)(3) | Sacramento, CA | $4,136,742 |
| Small Business Assistance Corporation | 501(c)(3) | Savannah, GA | $3,622,093 |
| Detroit Development Fund | 501(c)(3) | Detroit, MI | $4,151,318 |
| Great Falls Development Authority | 501(c)(3) | Great Falls, MT | $5,654,586 |
| Greater Auburn-Gresham Development Corporation | 501(c)(3) | Chicago, IL | $8,248,455 |
| Greater Southwest Development Corporation (GSDC) | 501(c)(3) | Chicago, IL | $2,786,256 |
| USBC Economic Development Corporation | 501(c)(3) | Washington, DC | $2,576,854 |
| Vermont-Slauson LDC | 501(c)(3) | Los Angeles, CA | $3,532,388 |
Data update history
October 16, 2024
Updated personnel
Identified 1 new personnel
January 21, 2024
Updated personnel
Identified 2 new personnel
January 14, 2024
Posted financials
Added Form 990 for fiscal year 2022
Nonprofit Types
Public sector nonprofitsBusiness and community development organizationsCharities
Issues
Community improvementEconomic developmentBusiness and industry
Characteristics
State / local levelReceives government fundingTax deductible donationsAccepts online donations
General information
- Address
- 801 R St Ste 1
- Lincoln, NE 68508
- Metro area
- Lincoln, NE
- County
- Lancaster County, NE
- Website URL
- investnebraska.com/Â
- Phone
- (402) 742-7860
IRS details
- EIN
- 46-0469145
- Fiscal year end
- December
- Taxreturn type
- Form 990
- Year formed
- 2002
- Eligible to receive tax-deductible contributions (Pub 78)
- Yes
Categorization
- NTEE code, primary
- S31: Urban, Community Economic Development
- NAICS code, primary
- 926110: Economic Development Corporations and Economic Program Organizations
- Parent/child status
- Independent
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