NonprofitsInvest Nebraska Corp

Public & Societal Benefit

Invest Nebraska Corp

LINCOLN, NE

Total revenue

$7.2M

Total expenses

$2.8M

Net assets

$65.6M

Grants received

$260K

5 grants

EIN

460469145

Tax year

2024

Mission

Invest nebraska corporation grows nebraska's economy by providing capital and operational assistance to early stage startups, developing infrastructure for technology entrepreneurs, and attracting out-of-state capital through its network of venture capital funds. As a statewide nonprofit venture development organization, invest nebraska corporation has become a key leader in the entrepreneurial ecosystem; funding programs, organizing services, and building infrastructure to support businesses across the state.

Programs

3 programs

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.

Expenses: $345K

Nebraska emerging growth - the organization administers funds the nebraska department of economic development received under the state small business credit initiative (ssbci) program of the u.s. Treasury department. Convertible debt and equity investments from $100,000- $1,000,000 can be used for working capital, and inventory/equipment purchases. Funds must be matched by private funds as outlined in the program.

Expenses: $191K

Operational assistance program - provide operational assistance to those startup businesses that need to complete additional projects in order to attract outside capital.

Expenses: $159KGrants: $54K

Financials

FY 2024

Revenue

Contributions & grants$7.7M
Program service revenue$159K
Investment income
Other revenue$222K
Total revenue$7.2M

Expenses

Grants paid$54K
Salaries & benefits$1.1M
Fundraising
Other expenses$1.7M
Total expenses$2.8M
Total assets$66.3M
Net assets$65.6M

People

14 listed

NameRoleCompensation

DAN HOFFMAN

DIRECTOR

Board

$217K

43 hrs/wk

AMY JOHNSON

DIRECTOR

Board

0.5 hrs/wk

VISHAL SINGH

DIRECTOR

Board

0.5 hrs/wk

STEVE GANGWISH

DIRECTOR

Board

0.5 hrs/wk

CRAIG TUTTLE

DIRECTOR

Board

0.5 hrs/wk

COURTNEY DENTLINGER

DIRECTOR

Board

0.5 hrs/wk

JOSEPH YOUNG

TREASURER

Board

0.5 hrs/wk

JOSEPH FOX EX-OFFICIONON-VOTING

DIRECTOR

Board

0.5 hrs/wk

KRISTIN HASSEBROOK

DIRECTOR

Board

0.5 hrs/wk

JASMINE KINGSEY

DIRECTOR

Board

0.5 hrs/wk

DONNA KUSH

SECRETARY

Board

0.5 hrs/wk

DANIEL PADILLA

DIRECTOR

Board

0.5 hrs/wk

PHIL BAKKEN

CHAIRMAN

Board

0.5 hrs/wk

BEN WILLIAMSON

DIRECTOR

Staff

$194K

42 hrs/wk

Grants received

Showing 5 of 5

FromAmountPurposeYear
$125K
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
2022
$40K
To provide three years of program support for The Combine.
2022
$40K
To provide three years of program support for The Combine.
2020

Funded by

$260K from 4 funders · 5 grants · 2020–2024

Ewing Marion Kauffman Foundation

$125K · 1 grant · 2022

Peter Kiewit Foundation

$80K · 2 grants · 2020–2022

Details

EIN460469145
NTEE codeW22
Subsection03
Ruling date2002-08
Formed2002
Employees15
Volunteers12
INVEST NEBRASKA CORP — Mission, Financials & Grants Received | Grantivo