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Nebraska Supreme

EIN 87-2453909 · Lincoln, NE

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

LegitimacyPassesRegistration and standingFinancial healthGood79 out of 100GovernanceNot ratedThe short tax form does not cover thisImpact evidenceDescribes programsHow well its results are evidenced

What it says it does

OUR TAGLINE "DEVELOPING PLAYERS. BUILDING PROFESSIONALS." GOES BEYOND BASKETBALL WITH OUR PLAYERS. WE BELIEVE IN DEVELOPING EACH PLAYER ON OUR TEAMS INTO A PROFESSIONAL PERSON WHETHER THAT IS THE OPPORTUNITY TO EVENTUALLY BE AN NBA PLAYER, OVERSEAS PROFESSIONAL BASKETBALL PLAYER, OR MOST COMMONLY A PROFESSIONAL IN THEIR FUTURE CHOSEN CAREER PATH. WE BELIEVE BASKETBALL IS ONE OF THE GREATEST TEACHING TOOLS TO EQUIP THESE YOUNG MEN AND WOMEN FOR LIFE AND ITIZENSHIP. WE BELIEVE IN CHRISTIAN VALUES AND TEACH THESE FUNDAMENTAL PRINCIPLES TO OTHERS TO HELP THEM OVERCOME LIFE'S CHALLENGES. NEBRASKA SUPREME IS FOCUSED ON HELPING STUDENT ATHLETES IN THE NEBRASKA AND SURROUNDING STATES TERRITORY. ONE OF NEBRASKA SUPREME'S FOUNDING PRINCIPLES IS TO NEVER TURN AWAY A PLAYER FROM OUR PROGRAM DUE TO FINANCIAL REASONS. WE ARE GRATEFUL FOR OUR DONORS' SUPPORT THAT IS NECESSARY TO FULFULL THIS VISION.

Income
$168,550
Spending
$136,830
Reserves
3.2 months of spending
Largest source of income
fees for its services, 77%

Source: Form 990EZ for the year ending September 30, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Good: 79 out of 100. Higher than 51% of charities in its peer group (recreation and sports, under $250k).

  • Reserves

    20 of 35

    Spendable reserves would cover 3.2 months of spending.

  • Debt

    20 of 20

    It owes 5% of what it owns.

  • Living within its means

    15 of 15

    Income exceeded spending by 19% of income.

Source: Form 990EZ for the year ending September 30, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

This organization files the short tax form, which does not ask about boards, policies or audits. That is normal for a small charity and is not a mark against it.

Source: Form 990EZ for the year ending September 30, 2024, 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 (1)
  1. $98,166 spent. NEBRASKA SUPREME WAS ABLE TO PROVIDE FINANCIAL ASSISTANCE TO OVER 31 BASKETBALL PLAYERS IN THE 2024 SEASON ENDING 9/30/2024. BECAUSE OF THE TRAVELING BASKETBALL OPPORTUNITIES, OUR PLAYERS RECEIVED OVER 47 COLLEGE SCHOLARSHIP OFFERS IN 2024. WE WERE ALSO ABLE TO PROVIDE MANY MEALS AND NUTRITIONAL PLANS TO PLAYERS IN FINANCIAL NEED. OUR TAGLINE DEVELOPING PLAYERS. BUILDING PROFESSIONALS." GOES BEYOND BASKETBALL WITH OUR PLAYERS. WE BELIEVE IN DEVELOPING EACH PLAYER ON OUR TEAMS INTO A PROFESSIONAL PERSON WHETHER THAT IS THE OPPORTUNITY TO EVENTUALLY BE AN NBA PLAYER, OVERSEAS PROFESSIONAL BASKETBALL PLAYER, OR MOST OMMONLY A PROFESSIONAL IN THEIR FUTURE CHOSEN CAREER PATH. WE BELIEVE BASKETBALL IS ONE OF THE GREATEST TEACHING TOOLS TO EQUIP THESE YOUNG MEN AND WOMEN FOR LIFE AND CITIZENSHIP. WE BELIEVE IN CHRISTIAN VALUES AND TEACH THESE FUNDAMENTAL PRINCIPLES TO OTHERS TO HELP THEM OVERCOME LIFE'S CHALLENGES. NEBRASKA SUPREME IS FOCUSED ON HELPING STUDENT ATHLETES IN THE NEBRASKA AND SURROUNDING STATES TERRITORY. ONE OF NEBRASKA SUPREME'S FOUNDING PRINCIPLES IS TO NEVER TURN AWAY A PLAYER FROM OUR PROGRAM DUE TO FINANCIAL REASONS. HOWEVER WE ARE NOT ABLE TO FULFILL THIS VISION WITHOUT YOUR SUPPORT.

Source: Form 990EZ for the year ending September 30, 2024, 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 September 7, 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 September 30, 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 September 10, 2026.

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

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

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

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

    Recognized by the IRS since June 2022.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 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 October 7, 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.