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Nac Development Corporation

EIN 47-6039543 · Omaha, NE

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthStrong100 out of 100GovernanceStrong95 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

TO STIMULATE AND ENCOURAGE THE STUDY AND PRESENTATION OF FINE AND PERFORMING ARTS THROUGHOUT THE STATE.

Income
$1.3 million
Spending
$730,678
Spent on programs
90%
Reserves
16.3 months of spending
Largest source of income
donations and private grants, 80%
Employees
0
Volunteers
0
Highest pay
$99,653, ex officio

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Strong: 100 out of 100.

  • Reserves

    35 of 35

    Spendable reserves would cover 16.3 months of spending.

  • Debt

    20 of 20

    It owes 1% of what it owns.

  • Living within its means

    15 of 15

    Income exceeded spending by 42% of income.

  • Income trend

    15 of 15

    Income rose 61% on the year before.

  • Spending floor

    15 of 15

    90% of spending went to programs and raising each dollar of donations cost 0 cents.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Strong: 95 out of 100.

  • Independent board

    25 of 25

    6 of 6 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    8 of 8

    Has a written whistleblower policy.

  • Record keeping policy

    7 of 7

    Has a written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    10 of 10

    Gave the board a copy of this return before filing it.

  • Pay set independently

    0 of 5

    Reports no independent review process for its chief executive's pay.

  • Independent check of accounts

    15 of 15

    Its accounts were audited by an independent accountant.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (4)
  1. $375,186 spent. CULTURAL PRESERVATION ENDOWMENT - CPEF FUNDS ARE USED IN ONE OF THE FOLLOWING THREE CATEGORIES STABILIZATION OF NEBRASKA'S ARTS ORGANIZATIONS - STABILIZATION CAN TAKE MANY FORMS, FROM UTILIZING A GRANT PROGRAM DESIGNED TO STIMULATE ENDOWMENT BUILDING, OR AS A SUPPLEMENT TO ANNUAL GENERAL OPERATIONAL SUPPORT GRANTS ARTS EDUCATION PROGRAMS THAT PROVIDE STATEWIDE IMPACT - PROJECTS MUST DEMONSTRATE A SUSTAINED EFFORT THAT HAS BROAD APPLICATION MOST RECENTLY, THE NEBRASKA ARTS COUNCIL UNDERTOOK A COMPREHENSIVE STUDY THAT WILL INVOLVE A TASK FORCE AND AN OUTSIDE CONSULTANT TO REDESIGN PRAIRIE VISIONS, A SUMMER INSTITUTE FOR NEBRASKA TEACHERS THAT PROVIDES TOOLS TO IMPLEMENT COMPREHENSIVE ARTS EDUCATION INTO THE ENTIRE CURRICULUM SPECTRUM ARTS ADVOCACY PROMOTES THE ARTS IN NEBRASKA - THE ARTS ARE IMPORTANT TO THE STATE'S ECONOMY, QUALITY OF LIFE, AND EDUCATION OF ITS CITIZENS THE SCOPE OF THE ARTS ADVOCACY PROJECT CAN INCLUDE THE RESEARCH, DEVELOPMENT, AND PRODUCTION OF INFORMATIONAL MATERIALS AND SUPPLIES INFORMATIONAL PIECES THAT PROVIDE DATA REGARDING THE POSITIVE IMPACT OF ARTS EDUCATION CAN BE DISTRIBUTED AT EVENTS AND COMMUNITY MEETINGS THROUGHOUT THE STATE
  2. $43,969 spent. NEBRASKA CULTURAL ENDOWMENT PRIVATE FUND - NEBRASKA CULTURAL ENDOWMENT DISBURSEMENTS SUPPORT OBJECTIVES OF THE NEBRASKA ARTS COUNCIL'S MISSION AND GOALS AS OUTLINED IN THE NEBRASKA ARTS COUNCIL'S STRATEGIC PLAN AND AN ANNUAL RECOMMENDATION FOR THE JOHN W CARSON DONOR-ADVISED FUND
  3. $207,509 spent. SPECIAL INITIATIVES - THESE PROJECTS AND SERVICES ARE DESIGNED TO INCREASE AWARENESS OF, AND PARTICIPATION IN, ARTS AND CULTURE THIS PROGRAM SUPPORTS FEES PAID TO CONSULTANTS WHO WORK WITH TARGETED ARTS ORGANIZATIONS AND ARTISTS AS WELL AS OTHER AREAS OF ORGANIZATIONAL AND PROFESSIONAL DEVELOPMENT SERVICES INCLUDED TRAINING FOR ARTISTS AND ORGANIZATIONS IN THE FOLLOWING AREAS TRENDS IN PERFORMING, TOURING, ARTS EDUCATION, MARKETING, STRATEGIC PLANNING, CONTRACTS AND LEGAL MANERS THE INITIATIVE SUPPORTS AND PROMOTES ARTISTS FOR REGIONAL PROJECTS AND ADMINISTERS THE ARTIST FELLOWSHIP PROGRAM
  4. $29,053 spent. POETRY OUT LOUD - THIS PROGRAM ENCOURAGES NEBRASKA'S HIGH SCHOOL STUDENTS TOLEARN ABOUT POETRY THROUGH MEMORIZATION AND PERFORMANCE, WHICH HELPS STUDENTSMASTER PUBLIC SPEAKING SKILLS, BUILD SELF-CONFIDENCE, AND LEARN ABOUT OUR LITERARYHERITAGE. STARTING AT THE CLASSROOM LEVEL, TEACHERS ARE PROVIDED WITH MULTIMEDIACURRICULUM MATERIALS TO AUGMENT THEIR REGULAR POETRY CURRICULUM WITH POETRYRECITATION AND A CLASSROOM-LEVEL COMPETITION. NACDC PROVIDES POETRY RECITATIONWORKSHOPS FOR STUDENTS IN PARTICIPATING SCHOOLS FROM TEACHING ARTISTS WHO HAVEEXPERTISE IN POETRY AND PERFORMANCE. ALL NEBRASKA HIGH SCHOOLS ARE WELCOME TOPARTICIPATE IN POETRY OUT LOUD

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated November 6, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending June 2025.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since July 1966.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated November 4, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.