Nonprofit · EIN 45-2527395
402 ARTS COLLECTIVE
Tax-exempt · OMAHA, NE 68130
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $1,018,224 | $1,004,578 | $13,646 | $61,219 | $4,240 | $56,979 |
| June 30, 2024 | 990 | $907,678 | $868,760 | $38,918 | $49,658 | $6,325 | $43,333 |
| June 30, 2023 | 990 | $729,306 | $733,737 | -$4,431 | $53,878 | $49,463 | $4,415 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $351,487
- Program service revenue
- $666,737
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $101,728
- Other salaries and wages
- $94,880
- Salaries, compensation and benefits (total)
- $214,983
- Professional fundraising fees
- $0
- Accounting fees
- $8,471
- Occupancy
- $260,083
- Travel
- $91
- Depreciation
- $8,434
- Program services (functional)
- $990,671
- Management and general (functional)
- $8,379
- Fundraising (functional)
- $5,528
Balance sheet and other
- Total assets, start of year
- $49,658
- Total assets, end of year
- $61,219
- Total liabilities, end of year
- $4,240
- Net assets, end of year
- $56,979
- Land, buildings and equipment
- $27,669
- Net assets without donor restrictions
- $56,979
- Gross receipts
- $1,018,224
- Employees
- 5
- Volunteers
- 150
- Year formed
- 2011
- State of legal domicile
- NE
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BEN SHAFFER | DIRECTOR Officer | 40 | $101,728 |
| JAMES SHAFFER | CHAIRMAN Trustee or director | 1 | $0 |
| NIEL NIELSON | VICE CHAIRMAN/SEC. Trustee or director | 1 | $0 |
| BRETT HICKS | MEMBER Trustee or director | 1 | $0 |
| DR ROBERT MOORE | MEMBER Trustee or director | 1 | $0 |
| RAJ LULLA | MEMBER Trustee or director | 1 | $0 |
| TOM TECKMEYER | MEMBER Trustee or director | 1 | $0 |
| DAN MORESETTE | MEMBER Trustee or director | 1 | $0 |
| JAMISON HORTON | MEMBER Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BEN SHAFFER | DIRECTOR Officer | 40 | $98,239 |
| JAMES SHAFFER | CHAIRMAN Trustee or director | 1 | $0 |
| NIEL NIELSON | VICE CHAIRMAN/SEC. Trustee or director | 1 | $0 |
| BRETT HICKS | MEMBER Trustee or director | 1 | $0 |
| DR ROBERT MOORE | MEMBER Trustee or director | 1 | $0 |
| RAJ LULLA | MEMBER Trustee or director | 1 | $0 |
| TOM TECKMEYER | MEMBER Trustee or director | 1 | $0 |
| DAN MORESETTE | MEMBER Trustee or director | 1 | $0 |
| JAMISON HORTON | MEMBER Trustee or director | 1 | $0 |
990 for the year ended June 30, 2023: 10 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BEN SHAFFER | MEMBER Officer | 40 | $95,438 |
| JAMES SHAFFER | CHAIRMAN Trustee or director, Officer | 1 | $0 |
| NIEL NIELSON | VICE CHAIRMAN/SEC. Trustee or director, Officer | 1 | $0 |
| BRETT HICKS | MEMBER Trustee or director | 1 | $0 |
| MONICA EBY | MEMBER Trustee or director | 1 | $0 |
| BOB MOORE | MEMBER Trustee or director | 1 | $0 |
| JASON ACKLAND | MEMBER Trustee or director | 1 | $0 |
| TOM TECKMEYER | MEMBER Trustee or director | 1 | $0 |
| BOB MORESETTE | MEMBER Trustee or director | 1 | $0 |
| JAMISON HORTON | MEMBER Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 16909 LAKESIDE HILLS PLZ STE 119, OMAHA, NE 68130-4653
- In care of
- % JAMES SHAFFER
- Principal officer (990 for 2024)
- JAMES SHAFFER, 6051 MAPLE ST, Omaha, NE 68104
- Signed the 990
- JAMES SHAFFER, PRESIDENT
- Phone
- (402) 426-4080
- Return prepared by
- EDWARD W SCHROEDER CPA PC
Mission
CULTIVATING A VIBRANT NETWORK OF ARTISTS WHO CREATE COMMUNITY AND IMPACT CULTURE.
Program accomplishments
- CULTIVATING A VIBRANT NETWORK OF ARTISTS WHO CREATE COMMUNITY AND IMPACT CULTURE, INCLUDING MUSICAL MENTORS.Expenses $990,671 · revenue $666,737
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 45-2527395
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2012
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A25)
- Assets (IRS master file)
- $61,219
- Income (IRS master file)
- $1,018,224
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $1,018,224 | $1,004,578 | $61,219 | XML |
| 990 | June 2024 | $907,678 | $868,760 | $49,658 | XML |
| 990 | June 2023 | $729,306 | $733,737 | $53,878 | XML |
| 990 | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 45-2527395).
Questions about 402 ARTS COLLECTIVE
- What is the EIN of 402 ARTS COLLECTIVE?
- The employer identification number (EIN) of 402 ARTS COLLECTIVE is 45-2527395.
- Is 402 ARTS COLLECTIVE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2012.
- Are donations to 402 ARTS COLLECTIVE tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does 402 ARTS COLLECTIVE file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of 402 ARTS COLLECTIVE due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did 402 ARTS COLLECTIVE last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of 402 ARTS COLLECTIVE?
- The 990 for the year ended June 30, 2025 names JAMES SHAFFER.
- Who are the officers and directors of 402 ARTS COLLECTIVE?
- The 990 for the year ended June 30, 2025 lists 9 people; 1 received compensation from the organization, the highest $101,728 (BEN SHAFFER, DIRECTOR).
- How much revenue does 402 ARTS COLLECTIVE have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $1,018,224, expenses of $1,004,578 and total assets of $61,219 at year end.
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- JOSLYN ART MUSEUM EIN 47-0384577 · last filed 990 for 2024
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- OPAS FOUNDATION EIN 20-3523938 · last filed 990 for 2025
- OMAHA SYMPHONY ASSOCIATION EIN 47-6039304 · last filed 990 for 2025
- PAULA FRIEDLAND BOGGUST FOUNDATION EIN 33-3451123 · last filed 990-PF for 2025
- THE DURHAM MUSEUM EIN 47-0556061 · last filed 990 for 2025
- OMAHA THEATER COMPANY EIN 47-0494912 · last filed 990 for 2025
All nonprofits in OMAHA · Nebraska · Arts, culture and humanities