Bernard K and Norma F Heuermann Foundation

Nonprofit profile at a glance

EIN
470748466
IRS 990-PF coverage
2017–2024
Forms available
Form 990-PF 2024
Location
Omaha, NE, USA
Phone
4028276990
Rating
89
Verdict
STRONG
Rating confidence
Standard

Reported finances

Revenue
$517,353
Expenses
$625,428

Source: IRS Form 990-PF. Selected filing: tax year 2024. Amounts in USD.

Overview

Mission

Bernard K and Norma F Heuermann Foundation is a nonprofit. Location: Omaha, NE. EIN 470748466.

What it reported funding in 2024

The foundation reported 26 grants totaling $492,000. The stated grant purposes included to further general programs of the organization., to fund the following: donor advised fund $2,500; bremer community center $5,000; go big give project - $3,000 to aurora humane society, go big give project - $10,000 to edgerton education foundation, go big give project - $2,500 to hamilton county ag society, $5,000 to hamilton county food pantry inc., $16,250 to hamilton county historical society; go big give project - $50,000 to hamilton county inclusive playground, $25,000 to hastings college, $10,000 to memorial foundation, inc. aurora ne, $4,000 to nebraska 4-h foundation, go big give - $40,000 to nebraska christian school of central city construction fund, $85,000 to nebraska wesleyan university archway fund, $1,000 to phillips community foundation, $4,000 to prairie plains resource institute; go big give project - $4,000 to teammates of aurora., and to suppport the general fund., plus 5 other reported purposes.

Operating model

Revenue model
Investment-supported. 64% of the foundation's positive operating resources came from recurring investment income.
Distribution model
Grant intermediary. The foundation distributed 96% of its reported charitable disbursements as grants.
  • Includes asset-sale income: Asset-sale income is shown separately from recurring resources when classifying the revenue model.

The verdict

STRONG - A large share of available resources goes to charitable grants and the filing identifies who received its grants. The filing reports one or more activities that warrant closer review.

Rating breakdown

  • Grant Deployment: 91
  • Cost Efficiency: 79
  • Transparency: 100
  • Compliance: 94
  • Endowment Health: 70

Detailed rating inputs

Grant Deployment

  • Grant deployment ratio: 91.4%; rating input score 91; 34th percentile among comparable filings

Cost Efficiency

  • Grant expense ratio: 78.7%; rating input score 79; 38th percentile among comparable filings

Transparency

  • Grant recipient disclosure: Yes; rating input score 100

Compliance

  • Part VII-B activity disclosures: 17 of 19 controls in place; rating input score 89
    • Property sale or exchange with a disqualified person: Pass
    • Borrowing from or lending to a disqualified person: Pass
    • Goods, services, or facilities involving a disqualified person: Pass
    • Compensation paid to a disqualified person: Pass
    • Assets transferred to a disqualified person: Pass
    • Payment to a government official: Pass
    • Uncorrected prior self-dealing: Pass
    • Prior-year undistributed income: Pass
    • Excess business holdings: Missing
    • Investments that may jeopardize charitable purposes: Pass
    • Uncorrected prior-year jeopardizing investments: Pass
    • Attempt to influence legislation: Pass
    • Attempt to influence an election: Pass
    • Grants to individuals: Pass
    • Grants to organizations: Fail
    • Spending for a noncharitable purpose: Pass
    • Funds received for a personal-benefit contract: Pass
    • Premiums paid on a personal-benefit contract: Pass
    • Prohibited tax-shelter transaction: Pass
  • Filing consistency checks: 9; rating input score 100

Endowment Health

  • Endowment-health comparison: 22.45; rating input score 70; 70th percentile among comparable filings

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Grants: 100% of grant recipient detail disclosed
  • Payout: 91.4% grant deployment rate
  • Trustees: Filed trustees detail
  • Self-dealing: 100% of reviewed questions answered “No”
  • Investments: 70th percentile for endowment coverage
  • Consistency: 9 of 9 current checks pass
  • Filing history: 6 filing years from 2017 to 2024
  • Contacts: How to reach this organization
  • Money network: 32 filed money-flow records
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Review — Compliance: Part VII-B activity disclosures: Grants to organizations not reported.