2023-08-14T10:14:15-05:00 2022-12-31 450250958 EIDE BAILLY LLP 18081 BURT ST STE 200 OMAHA NE 680224722 990 2022-01-01 470447496 KNIGHTS OF AK-SAR-BEN FOUNDATION KNIG 4025549600 2120 SOUTH 72ND ST 800 OMAHA NE 68124 SANDRA REDING PRESIDENT 4025549600 2023-08-11 1 SANDRA REDING 999009999 1 WENDY R COOLEY CPA P01523804 4023302660 2023-08-10 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z X AKSARBEN FOUNDATION SANDRA REDING 2120 SOUTH 72ND ST 800 OMAHA NE 68124 6314134 0 X WWW.AKSARBEN.ORG X 1895 NE TO CONVENE BUSINESS AND COMMUNITY LEADERS COMMITTED TO HEARTLAND PROSPERITY THROUGH ADVANCEMENTS IN EDUCATION, WORKFORCE DEVELOPMENT AND CIVIC PROJECTS BORN FROM EFFECTIVE PRIVATE, PUBLIC AND PHILANTHROPIC PARTNERSHIPS. 21 20 12 531 0 0 2152334 1830731 485947 325125 784214 475392 0 210506 3422495 2841754 415457 138509 0 0 967522 1010805 0 0 337060 1393918 1624135 2776897 2773449 645598 68305 11766465 9243312 1764005 1117719 10002460 8125593 X TO CONVENE BUSINESS AND COMMUNITY LEADERS COMMITTED TO HEARTLAND PROSPERITY THROUGH ADVANCEMENTS IN EDUCATION, WORKFORCE DEVELOPMENT AND CIVIC PROJECTS BORN FROM EFFECTIVE PRIVATE, PUBLIC AND PHILANTHROPIC PARTNERSHIPS. 0 0 995679 13600 ADVANCING WORKFORCE DEVELOPMENT: NEBRASKA BUSINESSES ARE CURRENTLY GRAPPLING WITH A PRESSING ISSUE - A NOTABLE SHORTAGE OF SKILLED LABOR. THIS DEFICIENCY IS CAUSING A SURGE IN THE OUTSOURCING OF VARIOUS POSITIONS TO OTHER STATES. THE RESULTING DYNAMIC PUTS A CAP ON NEBRASKA'S BUSINESS EXPANSION AND HAMPERS THE POTENTIAL FOR NEW BUSINESSES CONSIDERING RELOCATION TO OUR STATE. HOWEVER, AKSARBEN IS DEDICATED TO ADDRESSING THIS LABOR CRISIS. WE HAVE PLEDGED TO TAP INTO OUR ROBUST NETWORK OF BUSINESS AND COMMUNITY LEADERS, WORKING WITH NEBRASKA COLLEGES AND UNIVERSITIES, AND LEVERAGING PUBLIC, PRIVATE, AND PHILANTHROPIC RESOURCES. OUR MISSION IS NOT ONLY TO EXPAND OUR WORKFORCE, BUT ALSO TO ENHANCE THE NUMBER AND QUALITY OF HIGH-SKILL, HIGH-WAGE JOBS, ELEVATING NEBRASKA'S BUSINESS LANDSCAPE. 581958 325125 THE AKSARBEN BALL: A LEGACY OF SERVICE AND VOLUNTEERISM. FOR OVER 127 YEARS, THE AKSARBEN FOUNDATION HAS BEEN ORCHESTRATING THE ANNUAL AKSARBEN BALL, A GRAND EVENT THAT UNDERSCORES THE SPIRIT OF COMMUNITY SERVICE AND VOLUNTEERISM. WE TAKE PRIDE IN HONORING THOSE INDIVIDUALS AND FAMILIES WHO HAVE CONTRIBUTED SIGNIFICANTLY TO ENHANCING OUR REGIONAL QUALITY OF LIFE. THE AKSARBEN BALL, WITH ITS STORIED HISTORY, REPRESENTS THE ESSENCE OF LEADERSHIP AND COMMUNITY DEVELOPMENT IN NEBRASKA. THE OCTOBER 2022 BALL WAS A TESTAMENT TO THIS MISSION THANKS TO THE COMMENDABLE EFFORTS OF THE AKSARBEN WOMEN'S BALL COMMITTEE. 98398 78245 INVESTING IN THE FUTURE THROUGH SCHOLARSHIPS & COMMUNITY GRANTS: THE AKSARBEN FOUNDATION IS HEAVILY INVESTED IN FOSTERING THE FUTURE LEADERS OF NEBRASKA. WE HAVE AWARDED NUMEROUS TWO AND FOUR-YEAR SCHOLARSHIPS TO HELP LOCAL STUDENTS ATTEND COLLEGE IN OUR STATE. IN A FIVE-YEAR AGREEMENT (2019-2023) WITH HORATIO ALGER, WE PROVIDED 250 $10,000 SCHOLARSHIPS FOR STUDENTS TO ATTEND COLLEGE IN NEBRASKA, WHILE A FOUR-YEAR AGREEMENT (2019-2022) WITH METROPOLITAN COMMUNITY COLLEGE FACILITATED $4,000 SCHOLARSHIPS FOR STUDENTS PURSUING SELECTED HIGH-DEMAND CAREERS. OUR COMMITMENT DOESN'T STOP AT SCHOLARSHIPS. THE AKSARBEN FOUNDATION FRIENDS COMMUNITY GRANTS SUPPORT PROJECTS BUDGETED UP TO $10,000 IN TOTAL. THE MAXIMUM GRANT AWARDED IN THIS CATEGORY IS $1,000, WITH ALL GRANT AWARDS REQUIRING A MATCHING GIFT COMPONENT. 432575 46664 210506 STAFF SALARIES, BENEFITS, AND OTHER MISCELLANEOUS EXPENSES (GRANT INCLUDED) NOT SPECIFICALLY ALLOCATED TO A CERTAIN PROGRAM. 432575 46664 210506 2108610 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 0 1 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 7 0 1 12 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 21 20 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 X SANDRA REDING 4025549600 2120 SOUTH 72ND STREET STE 800 OMAHA NE 68124 DANA BRADFORD CHAIR 2.00 X X 0 0 0 MICKEY ANDERSON CHAIR-ELECT 1.00 X X 0 0 0 TERRY KROEGER IMMEDIATE PAST CHAIR 1.00 X X 0 0 0 CLARK LAURITZEN VICE CHAIR 1.00 X X 0 0 0 LESLIE ANDERSEN TREASURER 1.00 X X 0 0 0 MICHAEL CASSLING SECRETARY 1.00 X X 0 0 0 SID DINSDALE GOVERNOR 1.00 X 0 0 0 NATHAN P DODGE III GOVERNOR 1.00 X 0 0 0 CL LANDEN III GOVERNOR 1.00 X 0 0 0 PAT DEES GOVERNOR 1.00 X 0 0 0 TYLER R OWEN GOVERNOR 1.00 X 0 0 0 JAMIE GUTIERREZ GOVERNOR 1.00 X 0 0 0 ROBERT A REED JR GOVERNOR 1.00 X 0 0 0 GREGORY HECKMAN GOVERNOR 1.00 X 0 0 0 TED CARTER GOVERNOR 1.00 X 0 0 0 JIM PILLEN GOVERNOR 1.00 X 0 0 0 JAY NODDLE GOVERNOR 1.00 X 0 0 0 JEFFREY P GOLD MD GOVERNOR 1.00 X 0 0 0 BETH WHITED GOVERNOR 1.00 X 0 0 0 STEVE KANIEWSKI GOVERNOR 1.00 X 0 0 0 JOHN NELSON GOVERNOR 1.00 X 0 0 0 SANDRA REDING PRESIDENT 50.00 X 268077 0 13278 JONA VAN DEUN PRESIDENT, NEBRASKA TECH COLLABORATIVE 50.00 X 125470 0 5273 393547 0 18551 2 0 1 0 0 627025 299189 30000 874517 1830731 AKSARBEN BALL 900099 325125 325125 325125 206049 206049 3563550 3294207 269343 269343 269343 178173 299189 178173 0 RETURN OF FUNDS OF UNCONDITIONAL 900099 210506 210506 210506 2841754 535631 0 475392 60264 60264 78245 78245 281355 156421 56194 68740 585718 444215 111500 30003 89971 62570 17389 10012 53761 37261 10390 6110 19380 11628 5814 1938 24925 14955 7478 2492 37426 37426 29783 17870 8935 2978 211154 179481 31673 34156 20491 10246 3419 60310 36186 18093 6031 68927 41356 20678 6893 705 423 212 70 61388 36833 18416 6139 16692 10015 5008 1669 CORONATION BALL 707814 601642 106172 WORKFORCE DEVELOPMENT 166247 141310 24937 OTHER 100668 85568 15100 FACILITATION OF SCHOLAR 84560 71876 12684 2773449 2108610 327779 337060 81 331 949454 508085 181926 196282 165886 132150 26293 20012 144330 132697 19523 11633 10423302 8346620 0 28199 11766465 9243312 59463 84043 11000 2000 1693542 1031676 1764005 1117719 X 2620821 566262 7381639 7559331 10002460 8125593 11766465 9243312 68305 -1945172 0 X X 0 1 X 1 0 X 1398211 1468225 1254557 2152334 1830731 8104058 305655 361850 485947 325125 1478577 1703866 1830075 1254557 2638281 2155856 9582635 707656 627605 399000 565450 523000 2822711 0 707656 627605 399000 565450 523000 2822711 6759924 243525 269436 219261 208475 206049 1146746 243525 269436 219261 208475 206049 1146746 210506 210506 1947391 2099511 1473818 2846756 2572411 10939887 0.61790 0.64360 0.10480 0.10000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 3815944 -559843 2500 3253601 3421210 397234 2500 3815944 3119876 303834 2500 3421210 2679876 442500 2500 3119876 2832470 -110167 42427 2679876 0.45392 0.54608 0.00000 0 0 11579 10075 1504 132751 122622 10129 11633 SCHOLARSHIPS PAYABLE 1003477 LEASE RIGHT OF USE LIABILITY 28199 1031676 859156 -1945172 -1945172 2804328 37426 37426 2841754 2736023 0 2736023 37426 37426 2773449 PART V, LINE 4: THE FOUNDATION HOLDS ENDOWMENT FUNDS FOR SUPPORT OF ITS PROGRAMS AND OPERATIONS. AKSARBEN BALL ROYAL COURT 477362 299189 178173 25243 116353 3500 33077 477362 299189 178173 25243 116353 3500 33077 178173 0 1 EDUCATIONAL SCHOLARSHIPS 77 78245 PART I, LINE 2: THE ORGANIZATION UTILIZES SEVERAL DIFFERENT FORMS OF MONITORING GRANTS BASED ON THE INDIVIDUAL PROGRAM TYPE. SCHOLARSHIPS ARE ON CONTRACT WITH THE INDIVIDUAL AND MADE DIRECTLY TO THE SCHOOL IN THE INDIVIDUAL'S NAME. X 0 0 0 0 0 0 0 1 0 SANDRA REDING PRESIDENT 238077 0 30000 0 0 0 11723 0 1555 0 281355 0 0 0 PART I, LINE 7 BONUSES ARE BASED ON PERFORMANCE AND AN ASSESSMENT BY THE ORGANIZATION'S EXECUTIVE COMMITTEE. THE PERFORMANCE PROCESS INCLUDES A REVIEW OF ANNUAL GOALS ACHIEVED AND A REVIEW OF FINANCIAL PERFORMANCE (ACTUAL VS. BUDGET). TERRY KROEGER OWNED MORE THAN 35% BY TERRY KROGER, BOARD OF DIRECTOR PAST CHAIR 150978 MARKETING SERVICES PROVIDED TO ORGANIZATION BY SMITH KROEGER, INCLUDING PUBLISHING OF THE "SPIRIT OF AKSARBEN" MAGAZINE. 0 FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE SHALL HAVE THE POWER AND AUTHORITY OF THE BOARD TO TRANSACT ALL REGULAR BUSINESS OF THE FOUNDATION IN THE INTERVAL BETWEEN MEETINGS OF THE BOARD SUBJECT TO ANY PRIOR LIMITATIONS IMPOSED BY THE BOARD, THE ARTICLES OF INCORPORATION, AND THESE BYLAWS OR BY LAW. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WAS PROVIDED TO THE EXECUTIVE COMMITTEE FOR REVIEW AND THEN THE PUBLIC DISCLOSURE COPY OF THE FORM 990 WAS PROVIDED TO THE ENTIRE BOARD OF DIRECTORS FOR APPROVAL PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C EACH PRINCIPAL OFFICER, BOARD MEMBER AND MEMBER OF A COMMITTEE WITH GOVERNING BOARD DELEGATED POWERS SHALL ANNUALLY SIGN A CONFLICT OF INTEREST STATEMENT. IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICT OF INTEREST, AN INTERESTED PERSON MUST DISCLOSE THE EXISTENCE OF THE FINANCIAL INTEREST AND BE GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE DIRECTORS AND MEMBERS OF COMMITTEES WITH GOVERNING BOARD DELEGATED POWERS CONSIDERING THE PROPOSED TRANSACTION OR ARRANGEMENT. AFTER DISCLOSURE OF THE FINANCIAL INTEREST AND ALL MATERIAL FACTS, AND AFTER ANY DISCUSSION WITH THE INTERESTED PERSON, HE/SHE SHALL LEAVE THE GOVERNING BOARD OR COMMITTEE MEETING WHILE THE DETERMINATION OF A CONFLICT OF INTEREST IS DISCUSSED AND VOTED UPON. THE REMAINING BOARD OR COMMITTEE MEMBERS SHALL DECIDE IF A CONFLICT OF INTEREST EXISTS. FORM 990, PART VI, SECTION B, LINE 15 SALARIES, SALARY ADJUSTMENTS, AND SALARY INCREASES ARE REVIEWED BY THE EXECUTIVE COMMITTEE AS PART OF AKSARBEN FOUNDATION'S ANNUAL BUDGETING PROCESS. FORM 990, PART VI, SECTION C, LINE 19 THE AKSARBEN FOUNDATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2C: AKSARBEN POLICIES SUGGEST AND PROVIDE THE OPTION TO DO A VENDOR SELECTION/RFP EVERY THREE YEARS IF NEEDED. AKSARBEN STAFF OVERSEES THE OPERATIONAL ASPECTS OF THE AUDIT AND, ULTIMATELY, THE AUDIT IS OVERSEEN BY AKSARBEN'S FINANCE COMMITTEE AND AKSARBEN'S EXECUTIVE COMMITTEE. A REPRESENTATIVE FROM THE AUDIT FIRM PRESENTS THE AUDIT TO THE FINANCE COMMITTEE WHO VOTES TO ACCEPT IT AND RECOMMENDS ITS ACCEPTANCE BY THE EXECUTIVE COMMITTEE. THE REPORT AND APPROVAL THEN GO TO THE EXECUTIVE COMMITTEE, AS WELL AS THE ENTIRE BOARD. THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.