Downtown Riverfront Trust
76% goes to programs $0 to raise $100 Strong reserves Declining revenue
Downtown Riverfront Trust is a 501(c)(3) organization based in Omaha, Nebraska, registered in 2017, with $398,352 in FY2024 revenue. CharityIndex grades it C+, and it directs about 76% of spending to programs.
10050 Regency Cir Ste 101, Omaha, NE, 68114 EIN 81-4619812 Since 2017
Revenue (FY2024)
$398K
▼ 55.5% vs prior year
Community median: $184K
Expenses (FY2024)
$516K
Net assets
$314K
Employees
0
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C+
C+Program efficiency40% of the rating76% to programs · $0 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Downtown Riverfront Trust: 76% to programs · $0 to raise $100 earns a C+ on this criterion. See the exact thresholds →
DFinancial health25% of the rating7 mo reserves · -30% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Downtown Riverfront Trust: 7 mo reserves · -30% margin earns a D on this criterion. See the exact thresholds →
BGovernance25% of the rating4 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Downtown Riverfront Trust: 4 of 6 checks met earns a B on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Downtown Riverfront Trust: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
The purpose of the organization is to work in conjunction with governmental agencies of the cities of omaha and council bluffs, as well as private sector entities, to develop the missouri river waterfront in the metropolitan area for the benefit and use of the general public.
What they do
The organization pays an annual fee to another 501c3 organization for certain administrative services.
Contact & location
- Address
- 10050 Regency Cir Ste 101, Omaha, NE, 68114
- City
- Omaha
- State
- Nebraska
- Subcategory
- Support Foundations & Fundraising
- Phone
- …
- Website
- …
Financial trends
Revenue declined from $60.7M (FY2018) to $398K (FY2024) across 7 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $13.3MNet assets $314K
Operating margin
-29.5%
Spent more than it raised in the latest fiscal year.
Total assets
$13.6M
Total liabilities
$13.3M
Net assets
$314K
Salaries & benefits
$0
0% of expenses
Board members
4
4 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $398,352▼55.5% | $516,036▼48.6% | $313,706▼27.3% | $13,622,822▼34.9% | 990 |
| 2023 | $894,297▼76.1% | $1,003,772▼74.8% | $431,390▼20.2% | $20,920,786▼73.2% | 990 |
| 2022 | $3,742,336▼87.0% | $3,979,303▼86.3% | $540,865▼30.5% | $78,147,504▼50.8% | 990 |
| 2021 | $28,894,950▼21.9% | $29,016,111▼22.3% | $777,832▼13.5% | $158,815,743▲0.3% | 990 |
| 2020 | $36,994,406▼78.2% | $37,325,882▼77.9% | $898,993▼26.9% | $158,328,884▲4.2% | 990 |
| 2019 | $169,454,287▲179% | $168,554,468▲176% | $1,230,469▲272% | $151,998,722▲161% | 990 |
| 2018 | $60,661,607 | $61,062,265 | $330,650 | $58,293,994 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Dan Waters | Secretary | 1 | — |
| Jack Koraleski | Director | 1 | — |
| Kenneth Stinson | Chairman | 1 | — |
| Mogens C Bay | Director | 1 | — |
| Rachel Jacobson | President | 1 | — |
| Ranae Keckeisen | Treasurer | 1 | — |
| W Gary Gates | Director | 1 | — |
Grants received · $15.3M total
14 grants to Downtown Riverfront Trust totaling $15.3M, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Downtown Riverfront Trust | To help fund riverfront project. | 2024 | $392,321 |
| Givewell Community Foundation Inc | City & community dev | 2024 | $100,000 |
| American Endowment Foundation | Community devel | 2024 | $100,000 |
| Downtown Riverfront Trust | To help fund riverfront project. | 2023 | $877,552 |
| Donor Advised Charitable Giving | Public, societal benefit | 2023 | $650,000 |
| American Endowment Foundation | Community devel | 2023 | $50,000 |
| Mammel Family Foundation | Community improvement | 2022 | $6,000,000 |
| Downtown Riverfront Trust | To help fund riverfront project. | 2022 | $3,856,253 |
| Donor Advised Charitable Giving | Public, societal benefit | 2022 | $1,100,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2021 | $500,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2021 | $500,000 |
| Donor Advised Charitable Giving | Public, societal benefit | 2021 | $500,000 |
| American Endowment Foundation | General operating support | 2021 | $150,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2020 | $500,000 |
Grants made · $392K in FY2024
1 grant totaling $392K in FY2024. All grants made by Downtown Riverfront Trust →
| Recipient | Purpose | Amount |
|---|---|---|
| Downtown Riverfront Trust | To help fund riverfront project. | $392,321 |
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Compare Downtown Riverfront Trust
Frequently asked questions
- Is Downtown Riverfront Trust a legitimate nonprofit?
- Yes. Downtown Riverfront Trust is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 81-4619812, based in Omaha, Nebraska. Donations are tax-deductible.
- What is Downtown Riverfront Trust's EIN?
- Downtown Riverfront Trust's Employer Identification Number (EIN) is 81-4619812.
- How much revenue does Downtown Riverfront Trust report?
- Downtown Riverfront Trust reported $398,352 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Downtown Riverfront Trust's spending goes to programs?
- Downtown Riverfront Trust spends about 76% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Downtown Riverfront Trust have?
- CharityIndex grades Downtown Riverfront Trust C+, based on program efficiency and fundraising cost.
- How much does Downtown Riverfront Trust's highest-paid employee make?
- The highest reported compensation on Downtown Riverfront Trust's latest Form 990 is $0, paid to Dan Waters (Secretary).
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Data for Downtown Riverfront Trust (EIN 81-4619812) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.