Vault Initiative
Nonprofit profile at a glance
- EIN
- 392641343
- IRS 990-EZ coverage
- 2025–2025
- Forms available
- Form 990-EZ 2025
- Location
- Omaha, NE, USA
- Rating confidence
- Limited
- Sector
- Historical Societies & Historic Preservation
Reported finances
- Revenue
- $97,100
- Assets
- $97,100
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
5 people listed
Executive titles in this filing
- Jamie L Olmer (President)
People named in this filing
- Jamie L Olmer (President)
- Marci Voytko (Secretary)
- Clara Wiese (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
The purpose of The Vault Initiative the Organization is to acquire renovate restore and open to the public for community betterment purposes the Citizens State Bank Building The Vault located at 214 Pine Street in Creston Nebraska. In other words the purpose of the Organization is to preserve and rejuvenate a historic landmark while providing a flexible community-inspired space that fosters engagement education and celebration. By integrating The Vaults historical significance with contemporary uses we aim to ensure The Vaults continued relevance and sustainability for the future. Consistent with the foregoing the Organizations main activities will be i historic preservation of The Vault; and ii operation of public spaces within The Vault including as a free library museum and community center which activities will further charitable and educational purposes within the meaning of Section 501c3 of the Internal Revenue Code of 1986 as amended.
What it reported doing in 2025
In 2025 the Organization succeeded in the first step toward fulfilling its purpose by acquiring the historic Citizens State Bank building The Vault. Accomplished via donation of the building to the Organization. Until the building has been renovated we will not be able to begin our community betterment purposes and programs.
Operating model
- Revenue model
- Donor-supported. 100% of the money available for current operations came from contributions and gifts.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.
Rating breakdown
- Financial Efficiency: NotEnoughData
- Transparency & Controls: 100
- Sustainability: NotEnoughData
- Growth: NotEnoughData
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: Limited
- Total-asset coverage ratio: Limited
- Liabilities to assets ratio: Limited
- Officer compensation ratio: Limited
Growth
- Program expense growth: Limited
- Revenue growth: Limited
- Asset growth: Limited
Details
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment
- Leadership: top reported pay $0 · 5 people listed
- Consistency: 3 of 3 current checks pass
- Schedules: 2 filed schedules
- 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.