Nonprofit · EIN 81-4619812
DOWNTOWN RIVERFRONT TRUST
Tax-exempt · OMAHA, NE 68114
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $398,352 | $516,036 | -$117,684 | $13,622,822 | $13,309,116 | $313,706 |
| December 31, 2023 | 990 | $894,297 | $1,003,772 | -$109,475 | $20,920,786 | $20,489,396 | $431,390 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $371,608
- Program service revenue
- $0
- Investment income
- $26,744
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $392,321
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $12,791
- Program services (functional)
- $392,321
- Management and general (functional)
- $123,715
Balance sheet and other
- Total assets, start of year
- $20,920,786
- Total assets, end of year
- $13,622,822
- Total liabilities, end of year
- $13,309,116
- Net assets, end of year
- $313,706
- Net assets with donor restrictions
- $313,706
- Gross receipts
- $398,352
- Employees
- 0
- Volunteers
- 0
- Year formed
- 2016
- 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 December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KENNETH STINSON | CHAIRMAN Trustee or director, Officer | 1 | $0 |
| MOGENS C BAY | DIRECTOR Trustee or director | 1 | $0 |
| W GARY GATES | DIRECTOR Trustee or director | 1 | $0 |
| JACK KORALESKI | DIRECTOR Trustee or director | 1 | $0 |
| RACHEL JACOBSON | PRESIDENT Officer | 1 | $0 |
| DAN WATERS | SECRETARY Officer | 1 | $0 |
| RANAE KECKEISEN | TREASURER Officer | 1 | $0 |
990 for the year ended December 31, 2023: 9 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| RACHEL JACOBSON | PRESIDENT Trustee or director, Officer | 1 | $0 | $290,000 | $20,300 |
| RANAE KECKEISEN | VICE PRESIDENT OF PROJECTS Highest-paid employee | 1 | $0 | $148,470 | $15,430 |
| TAMMY ROZA | DIRECTOR OF OPERATIONS Highest-paid employee | 1 | $0 | $119,480 | $10,440 |
| JENNIFER CALLAHAN | TREASURER Officer | 1 | $0 | $61,027 | $0 |
| KENNETH STINSON | CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 | $0 |
| DAN WATERS | SECRETARY Trustee or director, Officer | 1 | $0 | $0 | $0 |
| MOGENS C BAY | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| W GARY GATES | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| JACK KORALESKI | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 10050 REGENCY CIR STE 101, OMAHA, NE 68114-3721
- In care of
- % SUSAN L MORRIS
- Principal officer (990 for 2024)
- RACHEL JACOBSON, 10050 REGENCY CIRCLE 101, OMAHA, NE 68114
- Signed the 990
- RANAE KECKEISEN, TREASURER
- Phone
- (402) 391-3190
- Return prepared by
- LUTZ AND COMPANY PC
Mission
DOWNTOWN RIVERFRONT TRUST, IN COLLABORATION WITH THE CITY OF OMAHA, THE METROPOLITAN ENTERTAINMENT & CONVENTION AUTHORITY (MECA) AND A RIVERFRONT REVITALIZATION COMMITTEE HAVE ASSUMED RESPONSIBILITY FOR THE PLANNING, DESIGN AND CONSTRUCTION OF THE NEW TRI-PARK COMPLEX ON THREE CITY OF OMAHA OWNED PROPERTIES CURRENTLY REFERRED TO AS LEWIS AND CLARK LANDING, HEARTLAND OF AMERICA PARK AND GENE LEAHY MALL. DRT IS RESPONSIBLE FOR SECURING PRIVATE DONATIONS FROM THE COMMUNITY TO FUND A PORTION OF THE DEVELOPMENT. MECA IS RESPONSIBLE FOR PAYING PROJECT EXPENSES AS WELL AS ACTIVATING, OPERATING AND MAINTAINING THE DEVELOPMENT. DUE TO THIS RELATIONSHIP, ALMOST ALL FUNDS RAISED BY DRT RELATING TO THIS PROJECT ARE SHOWN AS A GRANTS EXPENSE AND CONTRIBUTIONS PAYABLE TO MECA.
Program accomplishments
- DOWNTOWN RIVERFRONT TRUST, IN COLLABORATION WITH THE CITY OF OMAHA, THE METROPOLITAN ENTERTAINMENT & CONVENTION AUTHORITY (MECA) AND A RIVERFRONT REVITALIZATION COMMITTEE HAVE ASSUMED RESPONSIBILITY FOR THE PLANNING, DESIGN AND CONSTRUCTION OF THE NEW TRI-PARK COMPLEX ON THREE CITY OF OMAHA OWNED PROPERTIES CURRENTLY REFERRED TO AS LEWIS AND CLARK LANDING, HEARTLAND OF AMERICA PARK AND GENE LEAHY MALL. DRT IS RESPONSIBLE FOR SECURING PRIVATE DONATIONS FROM THE COMMUNITY TO FUND A PORTION OF THE DEVELOPMENT. MECA IS RESPONSIBLE FOR PAYING PROJECT EXPENSES AS WELL AS ACTIVATING, OPERATING AND MAINTAINING THE DEVELOPMENT. DUE TO THIS RELATIONSHIP, ALMOST ALL FUNDS RAISED BY DRT RELATING TO THIS PROJECT ARE SHOWN AS A GRANTS EXPENSE AND CONTRIBUTIONS PAYABLE TO MECA.Expenses $392,321 · grants $392,321
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 December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 81-4619812
- 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
- 2017
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S12)
- Assets (IRS master file)
- $13,622,822
- Income (IRS master file)
- $398,352
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $398,352 | $516,036 | $13,622,822 | XML |
| 990 | December 2023 | $894,297 | $1,003,772 | $20,920,786 | XML |
| 990 | December 2022 | $3,742,336 | $3,979,303 | $78,147,504 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 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 81-4619812).
Questions about DOWNTOWN RIVERFRONT TRUST
- What is the EIN of DOWNTOWN RIVERFRONT TRUST?
- The employer identification number (EIN) of DOWNTOWN RIVERFRONT TRUST is 81-4619812.
- Is DOWNTOWN RIVERFRONT TRUST tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2017.
- Are donations to DOWNTOWN RIVERFRONT TRUST tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does DOWNTOWN RIVERFRONT TRUST 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 DOWNTOWN RIVERFRONT TRUST due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did DOWNTOWN RIVERFRONT TRUST last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of DOWNTOWN RIVERFRONT TRUST?
- The 990 for the year ended December 31, 2024 names RACHEL JACOBSON.
- Who are the officers and directors of DOWNTOWN RIVERFRONT TRUST?
- The 990 for the year ended December 31, 2024 lists 7 people; 0 received compensation from the organization.
- How much revenue does DOWNTOWN RIVERFRONT TRUST have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $398,352, expenses of $516,036 and total assets of $13,622,822 at year end.
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All nonprofits in OMAHA · Nebraska · Community improvement and capacity building