2025-01-23T09:41:20+00:00 2024-03-31 990 2023-07-01 251903092 Nebraska Defense Research Corporation NEBR 4025546274 3835 Holdrege Street Lincoln NE 685830742 Anne Barnes Interim VP/CFO 2025-01-23 true 2023 2024-10-15 13:58:12Z Anne Barnes 3835 Holdrege Street Lincoln NE 685830742 9246424 false X www.nebraska.edu/ndrc X 2002 NE Nebraska Defense Research Corporation (NDRC) provides a bridge of trust between government, industry, and academia to support and promote technology discovery, facilitate knowledge transfer, and accelerates the transfer of command, control, and communications capabilities to customer operations. 5 3 20 3 0 0 37319509 8913341 0 0 -15474 333083 0 0 37304035 9246424 0 0 0 0 1799262 1655417 0 0 0 15219292 28858026 17018554 30513443 20285481 -21267019 33565984 11348483 4996114 3466728 28569870 7881755 Nebraska Defense Research Corporation (NDRC) provides a bridge of trust between government, industry, and academia to support and promote technology discovery, facilitate knowledge transfer, and accelerates the transfer of command, control, and communications capabilities to customer operations. false false 29951063 0 0 Nebraska Defense Research Corporation (NDRC) provides a bridge of trust between government, industry, and academia to support and promote technology discovery, facilitate knowledge transfer, and accelerates the transfer of command, control, and communications capabilities to customer operations. NDRC supports government stakeholders in shortening development timelines that deliver secure, mission-enhancing capabilities. 29951063 true true false false false false false false false true false false false true false false true false false false false false false false false false false false true false false false false false false false false false false false false false true false false false true 12 0 true 20 true false false false false false false false false false false false false X 5 3 false false false false true true true true true false false true true true true true true true true false X Anne Barnes 4025596300 3835 Holdrege Street Lincoln NE 685830742 Richard Mies Vice Chairman 1.0 0.0 X X 0 0 0 Ted Carter Chairman 1.0 39.0 X X 0 1540819 27233 Douglas Derrick Director (THRU 08/2023) 1.0 39.0 X 0 125726 24898 Lance Perez Director 1.0 39.0 X 0 401056 48299 Scott Jerabek Director 1.0 0.0 X 0 0 0 W Gary Gates Director 1.0 1.0 X 0 0 0 Anna Ravnholdt Facility Security Officer 8.0 32.0 X 2400 181743 40786 Christopher Kabourek Treasurer 1.0 39.0 X 0 404602 47386 Jerry Gandy Executive Director 40.0 0.0 X 339546 0 13559 Laura Gonnerman Assistant Secretary 1.0 39.0 X 0 133039 37336 Phil Bakken Assistant Secretary/Treasurer 1.0 39.0 X 0 255850 30158 Stacia Palser Secretary 1.0 39.0 X 0 289741 50800 Barbara Hirz Director of Strategy, Innovation and Workforce Development 40.0 0.0 X 204243 0 7858 James Fuemmeler Director of Operations 40.0 0.0 X 191393 0 7117 James Taylor Deputy Executive Director 40.0 0.0 X 236458 0 9558 Lewis Arnold Director of Business Operations 40.0 0.0 X 151218 0 5225 Scott Stevens Director of Programs 40.0 0.0 X 145748 0 4584 1271006 3332576 354797 10 false true false CenCore LLC 59 West 900 N Springville UT 84663 Consulting 968624 Olymbec Swoosh LLC 1004 E Brooks Road Memphis TN 38116 Real Estate 568697 Burlington Capital Construction Services LLC 1004 Farnam Street Ste 400 Omaha NE 68102 Contruction 541741 Validvoice LLC 10842 Old Mill Road Ste 1 Omaha NE 68154 Consulting 474750 Fusion Constructive LLC 2103 Addax Trail Harker Heights TX 76548 Consulting 387348 7 7512648 1400693 8913341 0 0 0 0 0 333083 333083 0 0 0 0 0 0 0 0 0 9246424 0 0 333083 X 0 0 0 0 0 0 0 0 340816 323775 17041 1121582 789777 331805 50037 50037 50261 50261 92721 71391 21330 44221 44221 5176581 5170308 6273 0 17073 3199 13874 33483 23984 9499 512791 507143 5648 961785 961785 29252 24913 4339 605 605 35587 35587 1951849 1951849 7500 7500 Grant Return 20000000 20000000 Materials 86837 86747 90 Bank Fees 462 462 0 0 0 0 30513443 29951063 562380 0 0 0 20309692 687105 0 0 2176030 1070677 0 0 0 0 0 0 0 0 160693 0 13009002 3418301 10919569 9590701 0 0 0 0 0 0 0 0 33565984 11348483 2490047 385195 0 0 0 0 0 0 0 0 0 0 0 0 0 0 2506067 3081533 4996114 3466728 X 28569870 7881755 0 0 0 0 0 0 0 0 28569870 7881755 33565984 11348483 -21267019 578904 0 X false true X true false X 500000 1045140 14643344 37319509 8913341 62421334 0 0 500000 1045140 14643344 37319509 8913341 62421334 0 62421334 6572 1248 5864 199528 333083 546295 0 13941 0 0 0 0 13941 62981570 2046581 0.9911 0.9956 X Schedule A, Part II, Line 10 Other Income DESCRIPTION - OTHER INCOME, COLUMN A - 13941.0, COLUMN B - 0.0, COLUMN C - 0.0, COLUMN D - 0.0, COLUMN E - 0.0, COLUMN F - 13941.0; RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2744273 608147 2136126 6353539 1402729 4950810 3911190 1407425 2503765 9590701 Due to Related Parties 180640 Lease Liability 2900893 3081533 false false false false false false false false false Ted Carter Chairman 0 961774 0 144396 0 434649 0 26400 0 833 0 1568052 0 0 Lance Perez Director 0 400485 0 0 0 571 0 24811 0 23488 0 449355 0 0 Douglas Derrick Director (THRU 08/2023) 0 111428 0 0 0 14298 0 10319 0 14579 0 150624 0 0 Christopher Kabourek Treasurer 0 403839 0 0 0 763 0 24882 0 22504 0 451988 0 0 Stacia Palser Secretary 0 289606 0 0 0 135 0 23836 0 26964 0 340541 0 0 Phil Bakken Assistant Secretary/Treasurer 0 255783 0 0 0 67 0 20800 0 9358 0 286008 0 0 Laura Gonnerman Assistant Secretary 0 132951 0 0 0 88 0 11291 0 26045 0 170375 0 0 Anna Ravnholdt Facility Security Officer 2400 181407 0 0 0 336 72 14676 0 26038 2472 222457 0 0 Jerry Gandy Executive Director 339546 0 0 0 0 0 11881 0 1678 0 353105 0 0 0 James Taylor Deputy Executive Director 236458 0 0 0 0 0 8288 0 1270 0 246016 0 0 0 Lewis Arnold Director of Business Operations 151218 0 0 0 0 0 5225 0 0 0 156443 0 0 0 James Fuemmeler Director of Operations 191393 0 0 0 0 0 6617 0 500 0 198510 0 0 0 Barbara Hirz Director of Strategy, Innovation and Workforce Development 204243 0 0 0 0 0 6588 0 1270 0 212101 0 0 0 Scott Stevens Director of Programs 145748 0 0 0 0 0 3984 0 600 0 150332 0 0 0 Form 990, Part VI, Line 6 Classes of members or stockholders University Technology Development Corporation is the sole member. Form 990, Part VI, Line 7a Members or stockholders electing members of governing body the board of directors are nominated by the President of the University of Nebraska and are elected by the University Technology Development Corporation. Form 990, Part VI, Line 7b Decisions requiring approval by members or stockholders Any amendments to the organization's Articles of Incorporation need the consent of the President of the University of Nebraska. Form 990, Part VI, Line 11b Review of form 990 by governing body The Form 990 is prepared by the University of Nebraska internal tax department based upon financial statements that are prepared by the staff members of the University of Nebraska. Completed forms are then reviewed by our treasurer and reconciled to the accounting records of the corporation. The treasurer reports the Form 990 filing at the next meeting after submission. Form 990, Part VI, Line 12c Conflict of interest policy The Board of Directors are required to complete conflict of interest statements annually. Form 990, Part VI, Line 15a Process to establish compensation of top management official Nebraska Defense Research Corporation (NDRC) Board of Directors approves the executive director's salary. The salary is determined through research conducted by an independent human resources consulting firm that conducts a comparison to positions of comparable organizations. Form 990, Part VI, Line 15b Process to establish compensation of other employees Nebraska Defense Research Corporation (NDRC) determined officer and key employee salaries through research conducted by an independent human resources consulting firm that conducts a comparison to positions of comparable organizations. Form 990, Part VI, Line 19 Required documents available to the public Anyone requesting this information would be referred to the treasurer; who would freely share the requested documents. Form 990, Part IX, Line 24 Grant Return Nebraska Defense Research Corporation (NDRC) recognized revenue in the amount of $20 million during fiscal year 2023 for State of Nebraska grant funding intended for the purpose of creating a collaborative public-private partnership facility to assist with modernization efforts led by the NC3 Enterprise Center at U.S. Strategic Command. In November 2023, NDRC terminated all subcontracts related to this endeavor and engaged in discussions with the State of Nebraska indicating full intent to return all grant funds to the State. This resulted in the recognition of a $20 million expense during tax year ended March 31, 2024 representing the return of grant funds to the state. Form 990, Part IX, Line 11g Other Fees Consultant Fees - Total Expense: 4994403, Program Service Expense: 4993603, Management and General Expenses: 800, Fundraising Expenses: 0; Payroll Fees - Total Expense: 5473, Program Service Expense: 0, Management and General Expenses: 5473, Fundraising Expenses: 0; Security Fees - Total Expense: 176705, Program Service Expense: 176705, Management and General Expenses: 0, Fundraising Expenses: 0; Form 990, Part XI, Line 8 Prior Period Adjustment NDRC noted two error corrections on their audited financial statements that required revision to the beginning net position in the amount of $579K. NDRC received a $408K gift of previously unrecognized equipment and supplies in 2023. This correction caused an increase in gift revenue of $408K, as well as increases to capital assets of $380K, depreciation expense of $10K, accumulated depreciation of $10K, and supplies and services expense of $28K. The net impact on beginning net position for this error correction was an increase of $370K. NDRC previously recognized $209K of expense in 2023 for capital assets that were prepaid and held at the vendor's facility. This correction caused an increase to capital assets (deposits on capital assets) of $209K and a decrease to supplies and services expense of $209K. The net impact on beginning net position for this error correction was an increase of $209K. Form 990 Heading, Item A Change in Accounting Period REVENUE PROCEDURE 85-58 RULES APPLY THE UNIVERSITY OF NEBRASKA SYSTEM HAS DECIDED TO CHANGE THE ACCOUNTING PERIOD FOR MOST OF ITS AFFILIATE RETURNS FROM JULY 1, 20XX THROUGH JUNE 30, 20XX TO APRIL 1, 20XX THROUGH MARCH 31, 20XX. THIS CHANGE WAS IMPLEMENTED TO ALLEVIATE THE BURDEN ON THE ACCOUNTING TEAM IN YEAR-END PROCEDURES. 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