2025-06-27T13:56:27-05:00 2024-12-31 450250958 EIDE BAILLY LLP 18081 BURT ST STE 200 OMAHA NE 680224722 990 2024-01-01 470447496 KNIGHTS OF AK-SAR-BEN FOUNDATION KNIG 4025549600 2120 SOUTH 72ND ST 800 OMAHA NE 68124 SANDRA REDING PRESIDENT 4025549600 2025-06-27 1 1 WENDY R COOLEY CPA P01523804 4023302660 2025-06-26 2024 2025-03-06 01:10:19Z AKSARBEN FOUNDATION SANDRA REDING 2120 SOUTH 72ND ST 800 OMAHA NE 68124 5871572 0 X WWW.AKSARBEN.ORG X 1895 NE TO CONVENE BUSINESS AND COMMUNITY LEADERS COMMITTED TO NEBRASKA'S PROSPERITY THROUGH ADVANCEMENTS AND INNOVATIONS IN EDUCATION, WORKFORCE DEVELOPMENT, AND CIVIC PROJECTS BORN FROM EFFECTIVE PRIVATE, PUBLIC, AND PHILANTHROPIC COLLABORATIONS. AKSARBEN FOUNDATION EMPOWERS NEBRASKA'S LEADERS TO SEIZE OPPORTUNITIES AND CHANNEL RESOURCES BEHIND COLLECTIVE EFFORTS TO GROW OUR ECONOMY AND IMPROVE OUR QUALITY OF LIFE. 21 19 10 150 61000 0 3189198 2720339 346127 327253 458933 694356 65500 81542 4059758 3823490 526364 162675 0 0 1537702 1728988 0 0 181473 1763760 1960274 3827826 3851937 231932 -28447 11289896 11141872 2332780 1947578 8957116 9194294 X TO CONVENE BUSINESS AND COMMUNITY LEADERS COMMITTED TO NEBRASKA'S PROSPERITY THROUGH ADVANCEMENTS AND INNOVATIONS IN EDUCATION, WORKFORCE DEVELOPMENT, AND CIVIC PROJECTS BORN FROM EFFECTIVE PRIVATE, PUBLIC, AND PHILANTHROPIC COLLABORATIONS. AKSARBEN FOUNDATION EMPOWERS NEBRASKA'S LEADERS TO SEIZE OPPORTUNITIES AND CHANNEL RESOURCES BEHIND COLLECTIVE EFFORTS TO GROW OUR ECONOMY AND IMPROVE OUR QUALITY OF LIFE. 0 0 605963 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. 554412 327253 THE AKSARBEN BALL: A LEGACY OF SERVICE AND VOLUNTEERISM. FOR OVER 128 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. 110565 72675 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. 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. 1439716 90000 0 STAFF SALARIES, BENEFITS, AND OTHER MISCELLANEOUS EXPENSES (GRANT INCLUDED) NOT SPECIFICALLY ALLOCATED TO A CERTAIN PROGRAM. 1439716 90000 0 2710656 1 1 0 0 0 0 0 0 0 1 1 0 0 1 1 1 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 9 0 1 10 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 21 19 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 LESLIE ANDERSEN CHAIR 2.00 X X 0 0 0 MICKEY ANDERSON VICE CHAIR 1.00 X X 0 0 0 MICHAEL CASSLING CHAIR ELECT 1.00 X X 0 0 0 DANA BRADFORD IMMEDIATE PAST CHAIR 1.00 X X 0 0 0 CLARK LAURITZEN SECRETARY 1.00 X X 0 0 0 ROBERT A REED JR TREASURER 1.00 X X 0 0 0 TERRY KROEGER GOVERNOR 1.00 X 0 0 0 NATHAN P DODGE III GOVERNOR 1.00 X 0 0 0 ALICIA EDSEN GOVERNOR 1.00 X 0 0 0 JOHN HENDERSON 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 DENISE MCAULEY GOVERNOR 1.00 X 0 0 0 PETE RICKETTS GOVERNOR 1.00 X 0 0 0 MATT WILLIAMS 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 JOHN NELSON GOVERNOR 1.00 X 0 0 0 JERRY ADAMS GOVERNOR 1.00 X 0 0 0 MARK HESSER GOVERNOR 1.00 X 0 0 0 GOVERNOR JIM PILLEN GOVERNOR 1.00 X 0 0 0 SANDRA REDING PRESIDENT 40.00 X 365900 0 11936 LASHONNA DORSEY EXECUTIVE DIRECTOR 40.00 X 279238 0 15556 TIMOTHY H ROBINSON EXECUTIVE DIRECTOR 40.00 X 246956 0 24698 JULIE SHILLER CHIEF OF STAFF 40.00 X 117892 0 12636 ANGELA STENGER EXECUTIVE DIRECTOR 40.00 X 105000 0 4800 1114986 0 69626 5 0 1 0 0 1022211 251910 689542 756676 2720339 AKSARBEN BALL 900099 327253 327253 327253 246989 246989 2243539 1796172 447367 447367 447367 272452 251910 251910 20542 20542 MAGAZINE AD SALES 541800 61000 61000 61000 3823490 327253 61000 714898 X 100000 100000 62675 62675 380765 190383 133268 57114 1081507 904521 167278 9708 101514 80005 18544 2965 165202 124121 33709 7372 12493 12493 147880 147880 29396 29396 395038 267395 127643 152844 46915 105200 729 70175 47606 18101 4468 240040 194870 38184 6986 56357 39542 16815 10261 10261 65250 49753 13457 2040 CORONATION BALL 664861 487191 87579 90091 FACILITATION OF SCHOLAR 75237 75237 WORKFORCE DEVELOPMENT 22002 22002 OTHER EVENTS 18440 18440 3851937 2710656 959808 181473 6831 5864 278982 299844 873462 493316 504368 735209 33648 13716 327013 74991 215017 252022 8386706 8424179 990882 917722 11289896 11141872 211126 219133 891532 572875 23050 182661 146341 1047461 986179 2332780 1947578 X 1105744 1327558 7851372 7866736 8957116 9194294 11289896 11141872 -28447 265625 0 X X 0 1 X 1 0 X 1254557 2152334 1830731 3189198 2720339 11147159 485947 325125 346127 327253 1484452 1254557 2638281 2155856 3535325 3047592 12631611 424000 565450 523000 508100 578600 2599150 0 424000 565450 523000 508100 578600 2599150 10032461 219261 208475 206049 218635 246989 1099409 219261 208475 206049 218635 246989 1099409 20542 20542 210506 210506 1473818 2846756 2572411 3753960 3315123 13962068 0.71860 0.68690 0.07870 0.08800 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 3374234 50000 360410 3784644 3253601 370633 250000 3374234 3815944 -559843 2500 3253601 3421210 397234 2500 3815944 3119876 303834 2500 3421210 0.41880 0.58120 0.00000 0 0 27670 5028 22642 299343 69963 229380 252022 LEASE RIGHT OF USE ASSET 917722 917722 LEASE RIGHT OF USE LIABILITY 986179 986179 X 4135219 265625 75500 341125 3794094 29396 29396 3823490 3898041 75500 75500 3822541 29396 29396 3851937 PART V, LINE 4: THE FOUNDATION HOLDS ENDOWMENT FUNDS FOR SUPPORT OF ITS PROGRAMS AND OPERATIONS. PART X, LINE 2: MANGEMENT BELIEVES THE FOUNDATION HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN AFFECTING ITS ANNUAL FILING REQUIREMENTS, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. THE FOUNDATION WOULD RECOGNIZE FUTURE ACCRUED INTEREST AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS AND LIABILITIES IN INCOME TAX EXPENSE IF SUCH INTEREST AND PENALTIES ARE INCURRED. AKSARBEN BALL ROYAL COURT 524362 251910 272452 36249 174877 5600 35184 524362 251910 272452 36249 174877 5600 35184 251910 20542 1 EDUCATIONAL SCHOLARSHIPS 45 62675 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 1 0 X X X 0 0 0 0 0 0 0 1 0 SANDRA REDING PRESIDENT 275000 0 82500 0 8400 0 11336 0 3530 0 380766 0 0 0 LASHONNA DORSEY EXECUTIVE DIRECTOR 233238 0 40000 0 6000 0 7706 0 9869 0 296813 0 0 0 TIMOTHY H ROBINSON EXECUTIVE DIRECTOR 224456 0 22500 0 0 0 9265 0 17872 0 274093 0 0 0 PART I, LINE 1A ALL EMPLOYEES RECEIVE A STIPEND FOR FITNESS/GYM MEMBERSHIP. TOTAL ANNUAL AMOUNT IS $600. 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 KROEGER, GOVERNOR 236848 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 IX, LINE 11G OTHER: PROGRAM SERVICE EXPENSES 267,395. MANAGEMENT AND GENERAL EXPENSES 127,643. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 395,038. 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.