Blackstone Business Association

Nonprofit profile at a glance

EIN
473928523
IRS 990-EZ coverage
2021–2024
Forms available
Form 990 2020, Form 990-EZ 2024, Form 990-N 2018
Location
Omaha, NE, USA
Phone
4029911800
Rating
91
Verdict
STRONG
Rating confidence
Moderate
Sector
Chambers of Commerce & Business Leagues

Official website

Reported finances

Revenue
$147,114
Expenses
$138,476
Assets
$22,146
Liabilities
$462

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

Leadership & pay

5 people listed

Executive titles in this filing

  • Karina Brett (Vice-President)
  • Amanda Petersmith (President)

People named in this filing

  • Katie Kyker (Marketing Director)
  • Alicia Nielsen (Treasurer)
  • Emily Swett (Secretary)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The Blackstone Business Association (BBA) is dedicated to fostering a vibrant and cohesive community by facilitating meaningful connections among residents, business owners, and stakeholders in Omahas Blackstone District. The organization aims to promote local economic growth, support entrepreneurship, and enhance the overall quality of life in the neighborhood.

What it reported doing in 2024

Community Events and Engagement. BBA organized inclusive neighborhood events like the Spring Fling fundraiser, raising $7,000 while encouraging community pride and cohesion. The events included live entertainment, local vendor showcases, and family-friendly activities to attract both residents and visitor. Roughly 400+ participants, including families, local business supporters, and community members.

Operating model

Revenue model
Donor-supported. 82% of the money available for current operations came from contributions and gifts.
Distribution model
Hybrid. The nonprofit split its reported program spending across 32% for direct work, 56% for grants, and 13% for member benefits.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filed totals do not add up and revenue has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 94
  • Transparency & Controls: 100
  • Sustainability: 34
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 91.7%; rating input score 92
  • Program expense ratio: 97.4%; rating input score 97

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: 5.9%; rating input score 50; 50th percentile among comparable filings
  • Total-asset coverage ratio: 0.16; rating input score 16; 16th percentile among comparable filings
  • Liabilities to assets ratio: 0.02; rating input score 37; 37th percentile among comparable filings
  • Officer compensation ratio: 28.9%; rating input score 12; 12th percentile among comparable filings

Growth

  • Program expense growth: 65.4% per year; rating input score 100; 94th percentile among comparable filings
  • Revenue growth: -19% per year; rating input score 0; 2nd percentile among comparable filings
  • Asset growth: -10% per year; rating input score 0; 11th percentile among comparable filings

Details

  • Where the money goes: 91.7% of revenue deployed · 97.4% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 3 filed program accomplishments · $135K in reported program spending
  • Leadership: top reported pay $0 · 5 people listed
  • Consistency: 7 of 8 current checks pass · 1 finding to review
  • Schedules: 4 filed schedules
  • Filing history: 4 filing years from 2021 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • 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.

  • Moderate — Transparency & Controls: Part I part ii net assets crosscheck did not reconcile in the filed values.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 16/100.
  • Review — Sustainability: Operating margin scored 50/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Officer compensation ratio scored 12/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 37/100.