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Nonprofit · EIN 47-6039543

NAC DEVELOPMENT CORPORATION

Tax-exempt · OMAHA, NE 68102

Financials

$976K$954K2021$789K$723K2023$1.3M$731K2024
Revenue Expenses · by fiscal year end
Financials of NAC DEVELOPMENT CORPORATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2025990$1,269,753$730,678$539,075$2,123,220$24,955$2,098,265
June 30, 2024990$789,323$722,880$66,443$1,600,066$40,876$1,559,190
June 30, 2022990$976,250$953,510$22,740$1,869,769$14,598$1,855,171
Financial details: 990 for the year ended June 30, 2025

Revenue

Contributions, gifts and grants
$1,199,068
of which government grants
$189,160
Program service revenue
$0
Investment income
$37,449
Other revenue
$33,236

Expenses

Grants and similar amounts paid
$567,300
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Travel
$16,883
Program services (functional)
$655,717
Management and general (functional)
$74,961

Balance sheet and other

Total assets, start of year
$1,600,066
Total assets, end of year
$2,123,220
Total liabilities, end of year
$24,955
Net assets, end of year
$2,098,265
Publicly traded securities
$1,071,162
Net assets without donor restrictions
$991,942
Net assets with donor restrictions
$1,106,323
Gross unrelated business income
$33,236
Gross receipts
$1,269,753
Employees
0
Volunteers
0
Year formed
1974
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.

NameTitleHours / weekCompensationFrom related orgs
MIKE MARKEYEX OFFICIO
Officer
5$0$99,653
SARAH PEETZPRESIDENT
Trustee or director, Officer
1$0$0
MARK LAUGHLINVICE PRESIDENT
Trustee or director, Officer
1$0$0
JANA GORANSONSECRETARY
Trustee or director, Officer
1$0$0
ZACHARY CHEEKTREASURER
Trustee or director, Officer
1$0$0
JON GROSSSECRETARY
Trustee or director
1$0$0
L JAMES WRIGHTAT LARGE
Trustee or director
1$0$0
SHARI HOFSCHIREEX OFFICIO
Trustee or director, Officer
1$0$0
990 for the year ended June 30, 2024: 8 people
NameTitleHours / weekCompensation
MIKE MARKEYEX OFFICIO
Officer
5$93,939
SARAH PEETZPRESIDENT
Trustee or director, Officer
1$0
MARK LAUGHLINVICE PRESIDENT
Trustee or director, Officer
1$0
JANA GORANSONSECRETARY
Trustee or director, Officer
1$0
ZACHARY CHEEKTREASURER
Trustee or director, Officer
1$0
JON GROSSAT LARGE
Trustee or director
1$0
WALTER SEILERAT LARGE
Trustee or director
1$0
SHARI HOFSCHIREEX OFFICIO - CHAIR OF NE A
Trustee or director, Officer
1$0
990 for the year ended June 30, 2022: 7 people
NameTitleHours / weekCompensationFrom related orgs
MIKE MARKEYDIRECTOR OF ADMINISTRATION
Officer
5$0$71,759
ALEC GORYNSKIPRESIDENT
Trustee or director, Officer
1$0$0
MARK LAUGHLINVICE PRESIDENT
Trustee or director, Officer
1$0$0
WALTER SEILERSECRETARY
Trustee or director, Officer
1$0$0
SHARI HOFSCHIREEX OFFICIO - ED OF NE ARTS
Trustee or director
1$0$0
SUZANNE WISEEX OFFICIO - ED OF NE ARTS
Trustee or director
1$0$0
SARAH PEETZTREASURER
Trustee or director, Officer
1$0$0

Address and contacts

Address (IRS master file)
1004 FARNAM STREET PLAZA LEVEL, OMAHA, NE 68102-0000
Principal officer (990 for 2024)
MIKE MARKEY, 1004 FARNAM STREET, OMAHA, NE 68102
Signed the 990
MIKE MARKEY, EXECUTIVE DIRECTOR
Phone
(402) 595-2195
Return prepared by
HAYES & ASSOCIATES LLC

Mission

TO STIMULATE AND ENCOURAGE THE STUDY AND PRESENTATION OF FINE AND PERFORMING ARTS THROUGHOUT THE STATE.

990 for the year ended June 30, 2025

Program accomplishments

  • CULTURAL PRESERVATION ENDOWMENT - CPEF FUNDS ARE USED IN ONE OF THE FOLLOWING THREE CATEGORIES STABILIZATION OF NEBRASKA'S ARTS ORGANIZATIONS - STABILIZATION CAN TAKE MANY FORMS, FROM UTILIZING A GRANT PROGRAM DESIGNED TO STIMULATE ENDOWMENT BUILDING, OR AS A SUPPLEMENT TO ANNUAL GENERAL OPERATIONAL SUPPORT GRANTS ARTS EDUCATION PROGRAMS THAT PROVIDE STATEWIDE IMPACT - PROJECTS MUST DEMONSTRATE A SUSTAINED EFFORT THAT HAS BROAD APPLICATION MOST RECENTLY, THE NEBRASKA ARTS COUNCIL UNDERTOOK A COMPREHENSIVE STUDY THAT WILL INVOLVE A TASK FORCE AND AN OUTSIDE CONSULTANT TO REDESIGN PRAIRIE VISIONS, A SUMMER INSTITUTE FOR NEBRASKA TEACHERS THAT PROVIDES TOOLS TO IMPLEMENT COMPREHENSIVE ARTS EDUCATION INTO THE ENTIRE CURRICULUM SPECTRUM ARTS ADVOCACY PROMOTES THE ARTS IN NEBRASKA - THE ARTS ARE IMPORTANT TO THE STATE'S ECONOMY, QUALITY OF LIFE, AND EDUCATION OF ITS CITIZENS THE SCOPE OF THE ARTS ADVOCACY PROJECT CAN INCLUDE THE RESEARCH, DEVELOPMENT, AND PRODUCTION OF INFORMATIONAL MATERIALS AND SUPPLIES INFORMATIONAL PIECES THAT PROVIDE DATA REGARDING THE POSITIVE IMPACT OF ARTS EDUCATION CAN BE DISTRIBUTED AT EVENTS AND COMMUNITY MEETINGS THROUGHOUT THE STATE
    Expenses $375,186 · grants $375,186
  • NEBRASKA CULTURAL ENDOWMENT PRIVATE FUND - NEBRASKA CULTURAL ENDOWMENT DISBURSEMENTS SUPPORT OBJECTIVES OF THE NEBRASKA ARTS COUNCIL'S MISSION AND GOALS AS OUTLINED IN THE NEBRASKA ARTS COUNCIL'S STRATEGIC PLAN AND AN ANNUAL RECOMMENDATION FOR THE JOHN W CARSON DONOR-ADVISED FUND
    Expenses $43,969 · grants $43,969
  • SPECIAL INITIATIVES - THESE PROJECTS AND SERVICES ARE DESIGNED TO INCREASE AWARENESS OF, AND PARTICIPATION IN, ARTS AND CULTURE THIS PROGRAM SUPPORTS FEES PAID TO CONSULTANTS WHO WORK WITH TARGETED ARTS ORGANIZATIONS AND ARTISTS AS WELL AS OTHER AREAS OF ORGANIZATIONAL AND PROFESSIONAL DEVELOPMENT SERVICES INCLUDED TRAINING FOR ARTISTS AND ORGANIZATIONS IN THE FOLLOWING AREAS TRENDS IN PERFORMING, TOURING, ARTS EDUCATION, MARKETING, STRATEGIC PLANNING, CONTRACTS AND LEGAL MANERS THE INITIATIVE SUPPORTS AND PROMOTES ARTISTS FOR REGIONAL PROJECTS AND ADMINISTERS THE ARTIST FELLOWSHIP PROGRAM
    Expenses $207,509 · grants $140,895
  • POETRY OUT LOUD - THIS PROGRAM ENCOURAGES NEBRASKA'S HIGH SCHOOL STUDENTS TOLEARN ABOUT POETRY THROUGH MEMORIZATION AND PERFORMANCE, WHICH HELPS STUDENTSMASTER PUBLIC SPEAKING SKILLS, BUILD SELF-CONFIDENCE, AND LEARN ABOUT OUR LITERARYHERITAGE. STARTING AT THE CLASSROOM LEVEL, TEACHERS ARE PROVIDED WITH MULTIMEDIACURRICULUM MATERIALS TO AUGMENT THEIR REGULAR POETRY CURRICULUM WITH POETRYRECITATION AND A CLASSROOM-LEVEL COMPETITION. NACDC PROVIDES POETRY RECITATIONWORKSHOPS FOR STUDENTS IN PARTICIPATING SCHOOLS FROM TEACHING ARTISTS WHO HAVEEXPERTISE IN POETRY AND PERFORMANCE. ALL NEBRASKA HIGH SCHOOLS ARE WELCOME TOPARTICIPATE IN POETRY OUT LOUD
    Expenses $29,053 · grants $7,250

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 yearYear endedDueIRS public records
2025June 30, 2026November 16, 2026Not due yet
2024June 30, 2025November 17, 2025990 on file
2023June 30, 2024November 15, 2024990 on file

IRS record

EIN
47-6039543
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1966
Accounting year ends
June
Files
Form 990 or 990-EZ
Assets (IRS master file)
$2,123,220
Income (IRS master file)
$1,269,753

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2025$1,269,753$730,678$2,123,220XML
990June 2024$789,323$722,880$1,600,066XML
990June 2023$689,375$1,039,628$1,498,147IRS
990June 2022$976,250$953,510$1,869,769XML
990June 2021–––IRS
990June 2019–––IRS
990June 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 47-6039543).

Questions about NAC DEVELOPMENT CORPORATION

What is the EIN of NAC DEVELOPMENT CORPORATION?
The employer identification number (EIN) of NAC DEVELOPMENT CORPORATION is 47-6039543.
Is NAC DEVELOPMENT CORPORATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1966.
Are donations to NAC DEVELOPMENT CORPORATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does NAC DEVELOPMENT CORPORATION 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 NAC DEVELOPMENT CORPORATION 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 NAC DEVELOPMENT CORPORATION 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 NAC DEVELOPMENT CORPORATION?
The 990 for the year ended June 30, 2025 names MIKE MARKEY.
Who are the officers and directors of NAC DEVELOPMENT CORPORATION?
The 990 for the year ended June 30, 2025 lists 8 people; 0 received compensation from the organization.
How much revenue does NAC DEVELOPMENT CORPORATION have?
On its 990 for the year ended June 30, 2025 it reported revenue of $1,269,753, expenses of $730,678 and total assets of $2,123,220 at year end.

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