Community Information Trust

Nonprofit profile at a glance

EIN
463502113
IRS 990 coverage
2018–2024
Forms available
Form 990 2024, Form 990-N 2013
Location
Omaha, NE, USA
Phone
4023913190
Rating
58
Verdict
MIXED
Rating confidence
Moderate
Sector
Libraries

Reported finances

Revenue
$10,591,933
Expenses
$1,928,746
Assets
$151,519,778
Liabilities
$8,043,617

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

Leadership & pay

9 people listed

Executive titles in this filing

  • RACHEL JACOBSON (PRESIDENT)
  • REBECCA STAVICK (CHIEF EXECUTIVE OFFICER)

Highest reported compensation

  • RACHEL JACOBSON (PRESIDENT): $375,585 total reported compensation
  • REBECCA STAVICK (CHIEF EXECUTIVE OFFICER): $170,105 total reported compensation
  • RANAE KECKEISEN (TREASURER): $162,708 total reported compensation

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

Overview

Mission

Community information trust is an organization created to oversee the development and operation of do space, a technology library in omaha, Nebraska, which opened to the public in november 2015. During 2022, the organization entered into an agreement with heritage services to fundraise for the capital campaign and manage the omaha central public library project. The new library is scheduled to open to the public in 2026.

What it reported doing in 2024

Community information trust is a nonprofit organization created to oversee the development and operation of do space, a technology library in omaha, which is a place where the community can access leading edge technology as well as receive assistance and instruction in its use. In 2024, the organization's activities included the operation of do space with various programs and services offered to the public at no cost. Additionally in 2024, the organization continued its partnership with omaha public library, the omaha public library foundation, the city of omaha, and heritage omaha to complete fundraising for and manage construction of the new omaha central public library.

Operating model

Revenue model
Donor-supported. 96% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

MIXED - Most voting board members are independent and the filed numbers largely add up. A relatively small share of available resources goes toward mission work and few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence.

Rating breakdown

  • Financial Efficiency: 36
  • Transparency & Controls: 60
  • Accountability: 91
  • Sustainability: 87
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 14.5%; rating input score 14
  • Program expense ratio: 60%; rating input score 60
  • Fundraising efficiency: $43.09 raised per $1 spent on fundraising; rating input score 73; 73rd percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: 0 of 6 controls in place; rating input score 0
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Missing
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
  • Governance controls: 7 of 9 controls in place; rating input score 78
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Fail
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 81.8%; rating input score 98; 98th percentile among comparable filings
  • Total-asset coverage ratio: 78.56; rating input score 99; 99th percentile among comparable filings
  • Liabilities to assets ratio: 0.05; rating input score 82; 82nd percentile among comparable filings
  • Officer compensation ratio: 11.6%; rating input score 15; 15th percentile among comparable filings

Growth

  • Program expense growth: -1.8% per year; rating input score 0; 6th percentile among comparable filings
  • Revenue growth: 43.4% per year; rating input score 100; 98th percentile among comparable filings
  • Asset growth: 40.5% per year; rating input score 100; 98th percentile among comparable filings

Details

  • Where the money goes: 14.5% of revenue deployed · 60% of spending went to programs
  • Governance: 4 of 4 board members independent · 7 of 9 filing controls reported
  • Programs: 2 filed program accomplishments · $1.2M in reported program spending
  • Leadership: top reported pay $376K · 9 people listed · 0 of 6 pay-setting controls reported
  • Highest-paid contractors: 2 contractors listed · $459K reported
  • Consistency: 28 of 28 current checks pass
  • Schedules: 7 filed schedules · includes executive pay
  • Filing history: 7 filing years from 2018 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Related organizations: 1 filed related-organization link
  • 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.
  • Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.

Key Signals

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

  • High — Financial Efficiency: Mission deployment rate scored 14/100.
  • High — Transparency & Controls: Pay-setting controls scored 0/100.
  • High — Growth: Program expense growth scored 0/100.
  • Review — Accountability: Governance controls: 2 of 9 not reported.
  • High — Sustainability: Officer compensation ratio scored 15/100.