2025-02-10T16:33:54-06:00 2024-06-30 470716239 HAYES & ASSOCIATES LLC 13120 PIERCE ST SUITE 201 OMAHA NE 68144 990 2023-07-01 311543695 NEBRASKA ENTERPRISE FUND NEBR 4026855500 330 N OAKLAND AVENUE OAKLAND NE 68045 JAMES A REIFF EXECUTIVE DIRECTOR 4026855500 2025-02-07 1 0 FRANK HAYES P00139616 4023902480 2025-02-07 2023 2025-03-06 01:10:19Z JAMES A REIFF 330 N OAKLAND AVENUE OAKLAND NE 68045 11655778 0 X WWW.NEBBIZ.ORG X 1997 NE THE NEBRASKA ENTERPRISE FUND ENVISIONS A VIBRANT SMALL BUSINESS ECO-SYSTEM WHERE EVERY SMALL AND MICRO BUSINESS HAS THE OPPORTUTNITY TO START, GROW AND PROSPER.ORGANIZATIONS MISSION: THE NEBRASKA ENTERPRISE FUND SUPPORTS UNDERSERVED COMMUNITIES BY PROVIDING MICRO AND SMALL BUSINESSES WITH ACCESS TO TRAINING, TECHNICAL ASSISTANCE, AND CAPITAL. 8 8 28 19 0 0 3677485 10238710 747988 1125415 91498 291653 0 0 4516971 11655778 165935 889315 0 0 1153090 1584036 0 0 19903 2507505 2363218 3826530 4836569 690441 6819209 19519037 27532011 8467867 9707313 11051170 17824698 X THE NEBRASKA ENTERPRISE FUND ENVISIONS A VIBRANT SMALL BUSINESS ECO-SYSTEM WHERE EVERY SMALL AND MICRO BUSINESS HAS THE OPPORTUNITY TO START, GROW AND PROSPER. THE NEBRASKA ENTERPRISE FUND SUPPORTS UNDERSERVED COMMUNITIES BY PROVIDING MICRO AND SMALL BUSINESSES WITH ACCESS TO TRAINING, TECHNICAL ASSISTANCE, AND CAPITAL. 0 0 4535856 889315 1093389 PROMOTE GROWTH OF SMALL BUSINESS AND MICRO ENTERPRISE PROGRAMS IN NEBRASKA AND SOUTHWEST IOWA, AND PROGRAMMING FOR VETERANS THROUGH THE VETERANS BUSINESS OUTREACH CENTER FOR ALL OF NEBRASKA AND IOWA, THROUGH TRAINING; TECHNICAL ASSISTANCE; PEER SUPPORT; RESEARCH AND PRODUCT DEVELOPMENT; CAPACITY BUILDING AND EVALUATION; AND SMALL BUSINESS LOANS OR CD GUARANTEES. 4535856 1 1 0 1 0 0 0 0 0 0 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 28 1 0 0 0 0 0 0 0 0 0 0 0 0 X 8 8 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X X JANE OLSON 4026855500 330 N OAKLAND AVENUE OAKLAND NE 68045 JOSEPH HODGES BOARD CHAIR 1.00 X X 0 0 0 ANDREW WILLIAMS BOARD VICE CHAIR 1.00 X X 0 0 0 DAVE WISE TREASURER/SECRETARY 1.00 X X 0 0 0 KENDALL SCHEER MEMBER 1.00 X 0 0 0 NANCY WILLIAMS MEMBER 1.00 X 0 0 0 BOBBI PETTIT MEMBER 1.00 X 0 0 0 MICHAEL STOREY MEMBER 1.00 X 0 0 0 EDDIE SITZMAN MEMBER 1.00 X 0 0 0 RAMONE CALZADA MEMBER 1.00 X 0 0 0 DAN MAUK MEMBER 1.00 X 0 0 0 SHANNON FILING MEMBER 1.00 X 0 0 0 JAMES REIFF EXECUTIVE DIRECTOR 40.00 X 141855 0 0 141855 0 0 1 0 0 0 0 850 10237860 10238710 LOAN FEES 522291 1093389 1093389 32026 32026 1125415 291653 291653 11655778 1093389 0 323679 889315 889315 199357 166462 30268 2627 990180 826795 150338 13047 301999 259728 39229 3042 92500 77661 13652 1187 172850 172850 23816 19249 4567 76179 76179 28076 28076 1401 1401 41965 33150 8815 38750 34988 3762 42717 41588 1129 35880 33880 2000 164847 164847 8897 6673 2224 BAD DEBT EXPENSE 1246258 1246258 PROVISION FOR LOAN LOSS 286426 286426 SUPPLIES 69000 59000 10000 LEASE EXPENSE 32156 29034 3122 94000 83697 10303 4836569 4535856 280810 19903 6638665 9725888 789300 343653 1107889 461891 150 8767230 14477906 61253 36780 34153 24473 1492693 1726053 689107 771997 19519037 27532011 195325 100177 8195585 9536350 76957 70786 8467867 9707313 X 8747524 16228500 2303646 1596198 11051170 17824698 19519037 27532011 6819209 -45681 0 X X 0 1 X 1 1 1 X 1802092 5542958 3563354 3677485 10238710 24824599 1802092 5542958 3563354 3677485 10238710 24824599 24824599 609309 648091 1740544 839486 1417068 5254498 30079097 0.82530 0.77310 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2500 2500 4533356 4535856 376793 94198 0 0 376793 376793 565190 2500 2500 94198 94198 141297 2500 2500 61253 36780 24473 24473 LEASE LIABILITY 70786 70786 11655778 0 11655778 0 11655778 4836569 0 4836569 0 4836569 0 X 0 0 0 0 0 0 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B AN ELECTRONIC COPY WILL BE SENT TO THE BOARD TREASURER FOR REVIEW AND COMMENT. IT WILL THEN BE SHARED WITH THE FULL BOARD AT A FOLLOWING MEETING. FORM 990, PART VI, SECTION B, LINE 12C THIS IS DONE THROUGH REGULAR BOARD REVIEW AND MONITORING, AS WELL AS SEGREGATION OF DUTIES. INTERACTIONS ARE ALSO MONITORED IF AN INSTANCE OF A POTENTIAL CONFLICT OF INTEREST ARISES, WHICH IS TAKEN TO THE EXECUTIVE COMMITTEE FOR REVIEW. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION TO THE ED HAS HISTORICALLY BEEN ON THE LOWER SIDE OF THE RANGE FOR COMPARABLE ORGANIZATIONS IN OTHER STATES. AS PART OF THE PROCESS FOR SELECTING A NEW ED, MANAGEMENT PREPARED A SUMMARY DOCUMENT THAT REVIEWED PAY SCALES FOR EXECUTIVES IN PRIVATE BANKING (NE BANKERS ASSOCIATION SURVEY), NE ECONOMIC DEVELOPERS SALARY SURVEY AND OPPORTUNITY FINANCE NETWORK?S SURVEY OF CDFIS ACROSS THE COUNTRY. THIS INFORMATION WAS VERY HELPFUL IN ESTABLISHING A PROPOSED SALARY FOR THE NEW ED. THIS SURVEY COVERS MULTIPLE LEVELS OF STAFF IN CDFIS SO HAS BENEFIT FOR COMPARING THE OTHER NEF STAFF IN THE FUTURE AS WELL. NEFS COMPENSATION CONTINUES TO BE BELOW THE 25TH PERCENTILE FOR LIKE CDFIS. FORM 990, PART VI, SECTION C, LINE 18 THE 990 IS ON FILE AT THE OAKLAND OFFICE AND IS AVAILABLE FOR REVIEW BY ANY INTERESTED PARTIES. A COPY IS ALSO PROVIDED TO FUNDERS WHEN REQUESTED AS PART OF APPLICATIONS OR REPORTS. A COPY OF THE 990 IS ALSO AVAILABLE ON GUIDESTAR. FORM 990, PART VI, SECTION C, LINE 19 THESE DOCUMENTS ARE AVAILABLE UPON REQUEST FROM STAFF AT THE OAKLAND OFFICE. THEY ARE ALSO PROVIDED TO FUNDERS UPON REQUEST. PART XII LINE 2C NO CHANGE FROM PRIOR YEAR