Program areas at Invest Nebraska Corporation
Seed fund program - the organization contracts with the state of Nebraska's department of economic development to provide capital to early-stage businesses through the business innovation act. These businesses are statutorily eligible for financing based on a series of qualifying factors. The organization also provides capital to early-stage businesses through federally designated grant funds.
Angel network development and education - develop regional angel networks across the state by educating potential investors on the importance of angel funding for a successful entrepreneurial climate.
The combine - an agrifood tech incubator located on Nebraska innovation campus to incubate high-growth, early-stage business in the ag and food technology space.
Operational assistance program - provide operational assistance to those startup businesses that need to complete additional projects in order to attract outside capital.
Biotect connector - provide wet lab space and technical assistance to high-growth, early-stage businesses in the bio technology space.
Heartland robotics cluster - the organization, with a coalition of partners, received funding throught the u.s. department of commerce - economic development administration to build programs and capacity to make Nebraska a leader in robotics and automation
Who funds Invest Nebraska Corporation
Grants from foundations and other nonprofits
Grantmaker | Grantmaker tax period | Description | Amount |
---|
Ewing Marion Kauffman Foundation | 2022-12 | Support for the Launch of A Precision Agriculture Entrepreneurship Education Program To Support the Creation and Growth of Agriculture Related Startups in the Norfolk, Nebraska Region. 202105-10655 | $125,000 |
Peter Kiewit Foundation | 2023-06 | To Provide Three Years of Program Support for the Combine. | $40,000 |
Personnel at Invest Nebraska Corporation
Name | Title | Compensation | Date of data |
---|
Dan Hoffman | Chief Executive Officer | $200,217 | 2023-10-31 |
Ben Williamson | General Counsel | $160,600 | 2022-12-31 |
Joseph Young | Chairman / Secretary / Director | $0 | 2022-12-31 |
Phil Bakken | Secretary / Director | $0 | 2022-12-31 |
Richard Baier | Treasurer / Chairman / Secretary / Director | $0 | 2022-12-31 |
...and 2 more key personnel |
Financials for Invest Nebraska Corporation
Revenues | FYE 12/2022 | FYE 12/2021 | % Change |
---|
Total grants, contributions, etc. | $4,391,777 | $2,762,508 | 59% |
Program services | $111,660 | $107,248 | 4.1% |
Investment income and dividends | $290,932 | $289,062 | 0.6% |
Tax-exempt bond proceeds | $0 | $0 | - |
Royalty revenue | $0 | $0 | - |
Net rental income | $0 | $0 | - |
Net gain from sale of non-inventory assets | $2,762,169 | $0 | 999% |
Net income from fundraising events | $0 | $0 | - |
Net income from gaming activities | $0 | $0 | - |
Net income from sales of inventory | $0 | $0 | - |
Miscellaneous revenues | $102,038 | $7,094,729 | -98.6% |
Total revenues | $7,658,576 | $10,253,547 | -25.3% |
Organizations like Invest Nebraska Corporation
Organization | Type | Location | Revenue |
---|
Neighborhood Community Development Fund | 501(c)(3) | Pittsburgh, PA | $1,987,923 |
Uptown Reinvestment Corporation | 501(c)(3) | Flint, MI | $3,251,972 |
Greater Southwest Development Corporation (GSDC) | 501(c)(3) | Chicago, IL | $2,786,256 |
Greater Auburn-Gresham Development Corporation | 501(c)(3) | Chicago, IL | $8,248,455 |
California Capital FDC | 501(c)(3) | Sacramento, CA | $3,624,110 |
Detroit Development Fund | 501(c)(3) | Detroit, MI | $3,234,640 |
Great Falls Development Authority | 501(c)(3) | Great Falls, MT | $5,654,586 |
Eastern American CDC | 501(c)(3) | Palisades Park, NJ | $2,131,175 |
USBC Economic Development Corporation | 501(c)(3) | Washington, DC | $2,576,854 |
Vermont Slauson LDC | 501(c)(3) | Los Angeles, CA | $2,108,133 |
Data update history
January 21, 2024
Updated personnel
Identified 2 new personnel
January 14, 2024
Posted financials
Added Form 990 for fiscal year 2022
November 25, 2023
Posted financials
Added Form 990 for fiscal year 2021
July 7, 2023
Updated personnel
Identified 1 new personnel
Nonprofit Types
Public sector nonprofitsBusiness and community development organizationsCharities
Issues
Community improvementEconomic developmentBusiness and industry
Characteristics
State / local levelReceives government fundingTax deductible donations
General information
- Address
- 801 R St Ste 1
- Lincoln, NE 68508
- Metro area
- Lincoln, NE
- County
- Lancaster County, NE
- Website URL
- investnebraska.com/Â
- Phone
- (402) 742-7860
IRS details
- EIN
- 46-0469145
- Fiscal year end
- December
- Taxreturn type
- Form 990
- Year formed
- 2002
- Eligible to receive tax-deductible contributions (Pub 78)
- Yes
Categorization
- NTEE code, primary
- S31: Urban, Community Economic Development
- NAICS code, primary
- 926110: Economic Development Corporations and Economic Program Organizations
- Parent/child status
- Independent
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