Great Plains Federal Tax Institute Inc

Nonprofit profile at a glance

EIN
237023387
IRS 990-EZ coverage
2010–2025
Forms available
Form 990-EZ 2025
Location
Lincoln, NE, USA
Phone
4022717503
Rating
84
Verdict
STRONG
Rating confidence
Moderate

Reported finances

Revenue
$137,592
Expenses
$123,088
Assets
$338,222
Liabilities
$963

Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

12 people listed

Executive titles in this filing

  • JEFFREY SHARP (PRESIDENT)
  • JEFFREY SCHAFFART (VICE PRESIDENT)

People named in this filing

  • JEFFREY SHARP (PRESIDENT)
  • JEFFREY SCHAFFART (VICE PRESIDENT)
  • JAMES ANDERSON (TREASURER)

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 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To provide an educational program for the study, discussion & dissem- ination of information relating to the laws of federal, state & local taxation in Nebraska for members of the Nebraska bar association & the Nebraska society of certified public accountants & other interested members of the public. To provide research, debate & evaluation in the field of taxation as an integral part of such instructional program; and to effect the educational purposes of the corporation either directly or by contribution to organizations that qualify as exempt scientific, literary or educational organizations that qualify as 501(c)(3) of the internal revenue code.

What it reported doing in 2025

Great plains federal tax institute held in december; local and national speakers presented topics of current interest to accountants, attorneys and students.

Operating model

Revenue model
Earned-program. 92% of the money available for current operations came from fees and other program revenue.
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

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and liabilities are high compared with assets.

Rating breakdown

  • Financial Efficiency: 86
  • Transparency & Controls: 82
  • Sustainability: 65
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 79.6%; rating input score 80
  • Program expense ratio: 97.2%; rating input score 97

Transparency & Controls

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

Sustainability

  • Operating margin: 10.5%; rating input score 56; 56th percentile among comparable filings
  • Total-asset coverage ratio: 2.75; rating input score 87; 87th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 44; 44th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings

Growth

  • Program expense growth: 4.2% per year; rating input score 100; 42nd percentile among comparable filings
  • Revenue growth: 2.2% per year; rating input score 100; 29th percentile among comparable filings
  • Asset growth: 4.9% per year; rating input score 100; 43rd percentile among comparable filings

Details

  • Where the money goes: 79.6% of revenue deployed · 97.2% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $120K in reported program spending
  • Leadership: top reported pay $0 · 12 people listed
  • Consistency: 8 of 8 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 15 filing years from 2010 to 2025
  • Contacts: How to reach this organization
  • 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 — Sustainability: Operating margin scored 56/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 44/100.