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THE NEBRASKA ENTERPRISE FUND ENVISIONS A VIBRANT SMALL BUSINESS ECO-SYSTEM WHERE EVERY SMALL AND MICRO BUSINESS HAS THE OPPORTUTNITY TO START, GROW AND PROSPER.ORGANIZATIONS MISSION: THE NEBRASKA ENTERPRISE FUND SUPPORTS UNDERSERVED COMMUNITIES BY PROVIDING MICRO AND SMALL BUSINESSES WITH ACCESS TO TRAINING, TECHNICAL ASSISTANCE, AND CAPITAL.
Source: IRS Form 990 (Tax Year 2024)
Source: IRS e-Filed Form 990 (from the IRS e-File system), Tax Year 2023
Total Revenue
▼$11.7M
Program Spending
94%
of total expenses go to program services
Total Contributions
$10.2M
Total Expenses
▼$4.8M
Total Assets
$27.5M
Total Liabilities
▼$9.7M
Net Assets
$17.8M
Officer Compensation
→$199.4K
Other Salaries
$990.2K
Investment Income
$291.7K
Fundraising
▼N/A
Source: USAspending.gov · Searched by organization name
Total Federal Funding
$29.1M
Awards Found
46
Department of Agriculture
$15M
MEAT AND POULTRY INTERMEDIARY RELENDING GRANT
Department of the Treasury
$2.2M
PURPOSE: TO PROVIDE GRANTS TO COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS (CDFIS) FOR THE FOLLOWING PURPOSES 1) TO EXPAND LENDING, GRANT MAKING AND INVESTMENT ACTIVITIES IN LOW OR MODERATE INCOME COMMUNITIES AND TO BORROWERS THAT HAVE HISTORICALLY EXPERIENCED SIGNIFICANT UNMET CAPITAL AND FINANCIAL SERVICES NEEDS AND WERE DISPROPORTIONATELY IMPACTED BY THE COVID 19 PANDEMIC; AND 2) TO ENABLE CDFIS TO BUILD ORGANIZATIONAL CAPACITY AND ACQUIRE TECHNOLOGY, STAFF, AND OTHER TOOLS NECESSARY TO ACCOMPLISH THE ACTIVITIES UNDER A CDFI ERP AWARD. PLANNED ACTIVITIES: ELIGIBLE ACTIVITIES INCLUDE FINANCIAL PRODUCTS, FINANCIAL SERVICES, DEVELOPMENT SERVICES, GRANTS, LOAN LOSS RESERVES AND CAPITAL RESERVES THAT MAY BE USED TO MITIGATE THE IMPACT OF THE COVID 19 PANDEMIC ON UNEMPLOYMENT, CHILDCARE, HEALTHCARE, MENTAL HEALTHCARE, AFFORDABLE HOUSING, AFFORDABLE HOUSING FINANCE, SMALL BUSINESS, SMALL FARMS, BROADBAND INTERNET, AND FOOD SUFFICIENCY. IN ADDITION, TO SUPPORT CDFIS IN BUILDING THEIR CAPACITY TO RESPOND TO THE ECONOMIC IMPACT OF COVID 19, CDFI ERP AWARDS MAY BE USED FOR COMPENSATION PERSONAL SERVICES; COMPENSATION FRINGE BENEFITS; PROFESSIONAL SERVICE COSTS; TRAVEL COSTS; TRAINING AND EDUCATION COSTS; EQUIPMENT; SUPPLIES. END GOALS: EXPANDED FINANCING FOR LOW TO MODERATE INCOME COMMUNITIES AND INDIVIDUALS THAT HAVE HISTORICALLY EXPERIENCED SIGNIFICANT UNMET CAPITAL AND FINANCIAL SERVICES NEEDS AND WERE DISPROPORTIONATELY IMPACTED BY THE COVID 19 PANDEMIC INCLUDING SPECIFIC DESIGNATED COVID IMPACTED CDFI ERP ELIGIBLE GEOGRAPHIES AS AREAS THAT MAY BENEFIT FROM CDFI ERP ASSISTANCE. BENEFICIARIES: CERTIFIED CDFIS WHICH MAY BE FOR PROFIT ORGANIZATION, PRIVATE NONPROFIT INSTITUTION/ORGANIZATION, AND OTHER PRIVATE INSTITUTION/ORGANIZATION, AS DEFINED IN 12 C.F.R. 1805, AND LOW AND MODERATE INCOME INDIVIDUALS AND FAMILIES. SUBRECIPIENTS: THERE ARE NO SUBRECIPIENTS FOR THIS PROGRAM. BROADBAND: SPECIFIC ACTIVITIES RELATING TO BROADBAND USAGE ARE NOT KNOWN AT THE TIME OF AWARD. REASON/PURPOSE OF MODIFICATION: NOT APPLICABLE.
Department of the Treasury
$560K
PURPOSE: TO PROMOTE ECONOMIC REVITALIZATION AND COMMUNITY DEVELOPMENT THROUGH INVESTMENT IN AND FINANCIAL ASSISTANCE TO COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS (CDFIS). PLANNED ACTIVITIES: FINANCIAL ASSISTANCE MUST BE USED FOR FINANCIAL PRODUCTS, FINANCIAL SERVICES (REGULATED INSTITUTIONS ONLY), DEVELOPMENT SERVICES, LOAN LOSS RESERVES, AND CAPITAL RESERVES (REGULATED INSTITUTIONS ONLY), IN AN ELIGIBLE MARKET OR THE RECIPIENT’S APPROVED TARGET MARKET. END GOALS: THE GOAL OF THE FINANCIAL ASSISTANCE IS FOR CDFIS TO BUILD THEIR FINANCIAL CAPACITY TO LEND TO ELIGIBLE MARKETS AND/OR THEIR TARGET MARKETS, IN ORDER TO SERVE RURAL AND URBAN LOW INCOME PEOPLE, AND COMMUNITIES ACROSS THE NATION THAT LACK ADEQUATE ACCESS TO AFFORDABLE FINANCIAL PRODUCTS AND FINANCIAL SERVICES. BENEFICIARIES: PROFIT ORGANIZATION, PRIVATE NONPROFIT INSTITUTION/ORGANIZATION, OTHER PRIVATE INSTITUTION/ORGANIZATION INVESTMENT AREAS AND TARGETED POPULATIONS, AS DEFINED IN 12 C.F.R. 1805. SUBRECIPIENTS: THERE ARE NO SUBRECIPIENTS FOR THIS PROGRAM. BROADBAND: SPECIFIC ACTIVITIES RELATING TO BROADBAND USAGE ARE NOT KNOWN AT THE TIME OF AWARD. REASON/PURPOSE OF MODIFICATION: THE RIEGLE ACT (P.L. 103 325), THE STATUTE WHICH AUTHORIZES THE CDFI PROGRAM, REQUIRES THAT FINANCIAL ASSISTANCE AWARDS, INCLUDING BASE FINANCIAL ASSISTANCE (BASE FA), DISABILITY FUNDS FINANCIAL ASSISTANCE (DF FA), AND PERSISTENT POVERTY COUNTIES FINANCIAL ASSISTANCE (PPC FA), BE MATCHED WITH FUNDS FROM NON FEDERAL GOVERNMENT SOURCES AND COMPARABLE IN FORM AND VALUE TO THE FA AWARD. MODIFICATIONS WOULD BE REQUIRED IF THERE IS A CHANGE IN THE FORM AND/OR AMOUNT ORIGINALLY OBLIGATED FOR THE AWARD, BASED ON APPROVED MATCHING FUNDS. NOTE: MATCHING FUNDS ARE REQUIRED ONLY FOR ORGANIZATIONS APPLYING AS CATEGORY II/CORE FA APPLICANTS UNDER THE CDFI PROGRAM. MATCHING FUNDS ARE NOT REQUIRED FOR ANY NATIVE CDFI APPLICANTS OR HOUSING PRODUCTION FINANCIAL ASSISTANCE AWARDS (HP FA). ADDITIONALLY, MATCHING FUNDS ARE NOT REQUIRED FOR SMALL AND EMERGING CDFI ASSISTANCE (SECA) FA APPLICANTS AND HEALTHY FOOD FINANCING INITIATIVES (HFFI) FA APPLICANTS, PENDING FINAL FY 2025 APPROPRIATIONS LANGUAGE.
Small Business Administration
$424.3K
2022 MICRO TA TO NEBRASKA SMALL BUSINESSES
Small Business Administration
$393.7K
NEBRASKA ENTERPRISE FUND THE SMALL BUSINESS ADMINISTRATION (SBA) MICROLOAN PROGRAM PROVIDES DIRECT LOANS AND GRANTS TO ELIGIBLE NON-PROFIT MICROLENDERS SO THAT THEY MAY PROVIDE MICRO-LEVEL LOANS, AND BUSINESS BASED TRAINING AND TECHNICAL ASSISTANCE TO START- UP, NEWLY ESTABLISHED AND GROWING SMALL BUSINESS CONCERNS.
Small Business Administration
$350K
VBOC 2025-2026 NEBRASKA ENTERPRISE FUND
Small Business Administration
$350K
VBOC 2024-2025 NEBRASKA ENTERPRISE FUND VETERANS BUSINESS OUTREACH CENTER (VBOC)
Small Business Administration
$330K
VBOC 2023 EXPANSION NEBRASKA ENTERPRISE FUND
Small Business Administration
$255.8K
THE SMALL BUSINESS ADMINISTRATION (SBA) MICROLOAN PROGRAM PROVIDES DIRECT LOANS AND GRANTS TO ELIGIBLE NON-PROFIT MICROLENDERS SO THAT THEY MAY PROVIDE MICRO-LEVEL LOANS, AND BUSINESS BASED TRAINING AND TECHNICAL ASSISTANCE TO START- UP, NEWLY ESTABLISHED AND GROWING SMALL BUSINESS CONCERNS.
Small Business Administration
$248.9K
MICROLOAN PROGRAM - TECHNICAL ASSISTANCE
Department of Agriculture
$200K
RBDG RURAL BUSINESS COOP NATIVE AMERICAN ENTERPRISE GRANT
Department of Agriculture
$175K
PERSISTENT POVERTY GRANTS TO ASSIST MINORITY PRODUCERS
Small Business Administration
$155.6K
PROGRAM FOR INVESTMENT IN MICROENTREPRENEURS ACT
Department of Agriculture
$137K
SEC. 6022 RMAP-RURAL MICRO ASSISTANCE GRANTS (DISC)
Department of Agriculture
$135.7K
SEC. 6022 RMAP-RURAL MICRO DEVELOP ORGANIZATIONS GRANTS (DISC)
Department of Agriculture
$129.5K
RURAL COOPERATIVE DEVELOPMENT INITIATIVE GRANTS
Small Business Administration
$125K
NEBRASKA ENTERPRISE FUND, NE THE PROGRAM FOR INVESTMENT IN MICROENTREPRENEURS ACT OF 1999 (THE PRIME ACT) BECAME LAW ON NOVEMBER 12, 1999 WITH THE PASSAGE OF PUB. L. NO. 106-102 (15 U.S.C. 6901 NOTE). THE PRIME ACT AUTHORIZES THE SBA ADMINISTRATOR TO ESTABLISH A PROGRAM FOR THE PURPOSES OF: (I) PROVIDING TRAINING AND TECHNICAL ASSISTANCE TO DISADVANTAGED ENTREPRENEURS; (II) PROVIDING TRAINING AN
Department of Agriculture
$124.9K
RURAL COOPERATIVE DEVELOPMENT INITIATIVE GRANTS
Department of Agriculture
$117.9K
SEC. 6022 RMAP-RURAL MICRO DEVELOP ORGANIZATIONS GRANTS (DISC)
Department of Agriculture
$110.8K
SEC. 6022 RMAP-RURAL MICRO ASSISTANCE GRANTS (DISC)
Department of Agriculture
$97.9K
RURAL COOPERATIVE DEVELOPMENT INITIATIVE GRANTS
Department of Agriculture
$91K
SEC. 6022 RMAP-RURAL MICRO ASSISTANCE GRANTS (DISC)
Small Business Administration
$91K
REACHING DISADVANTAGED MICROENTREPRENEURS IN NEBRASKA'S RURAL AND OPPORTUNITY ZONES
Department of Agriculture
$75K
SEC. 6022 RMAP-RURAL MICRO DEVELOP ORGANIZATIONS GRANTS (DISC)
Department of Agriculture
$66K
SEC. 6022 RMAP-RURAL DEVELOP GRANTS (MAN)
Department of Agriculture
$65.6K
SEC. 6022 RMAP-RURAL DEVELOP GRANTS (MAN)
Department of Agriculture
$59.6K
SEC. 6022 RMAP-RURAL DEVELOP GRANTS (MAN)
Department of Agriculture
$37.8K
SEC. 6022 RMAP-RURAL DEVELOP GRANTS (MAN)
Department of Agriculture
$35K
SEC. 6022 RMAP-RURAL MICRO DEVELOP ORGANIZATIONS GRANTS (DISC)
Department of Agriculture
$30.7K
SEC. 6022 RMAP-RURAL DEVELOP GRANTS (MAN)
Department of Agriculture
$26.8K
SEC. 6022 RMAP-RURAL DEVELOP GRANTS (MAN)
Department of Agriculture
$10.3K
SEC. 6022 RMAP-RURAL DEVELOP GRANTS (MAN)
Source: Federal Audit Clearinghouse (fac.gov)
Total Audits
8
Clean Audits
4
Material Weakness
Yes
Noncompliance Issues
No
| Year | Status | Financial Report | Federal Expenditure | Low Risk | Accepted |
|---|---|---|---|---|---|
| 2025 | Material Weakness | Unmodified (Clean) | $3.2M | No | 2025-12-23 |
| 2024 | Material Weakness | Unmodified (Clean) | $7.2M | No | 2024-12-20 |
| 2023 | Material Weakness | Unmodified (Clean) | $3.8M | No | 2024-01-16 |
| 2022 | Minor Findings | Unmodified (Clean) | $3.2M | No | 2023-01-12 |
| 2021 | Clean | Unmodified (Clean) | $2.7M | No | 2022-01-03 |
| 2019 | Clean | Unmodified (Clean) | $890.8K | Yes | 2019-10-31 |
| 2018 | Clean | Unmodified (Clean) | $1.5M | No | 2018-11-28 |
| 2017 | Clean | Unmodified (Clean) | $2.2M | No | 2017-12-12 |
Financial Report
Unmodified (Clean)
Federal Expenditure
$3.2M
Financial Report
Unmodified (Clean)
Federal Expenditure
$7.2M
Financial Report
Unmodified (Clean)
Federal Expenditure
$3.8M
Financial Report
Unmodified (Clean)
Federal Expenditure
$3.2M
Financial Report
Unmodified (Clean)
Federal Expenditure
$2.7M
Financial Report
Unmodified (Clean)
Federal Expenditure
$890.8K
Financial Report
Unmodified (Clean)
Federal Expenditure
$1.5M
Financial Report
Unmodified (Clean)
Federal Expenditure
$2.2M
Tax Year 2024 · Source: IRS e-Filed Form 990
Individuals serving as officers, directors, or trustees of the organization.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other |
|---|
Source: IRS Publication 78, Auto-Revocation List & e-Postcard Data
Tax-deductible contributions: Yes
Deductibility code: PC
Sources: IRS e-Filed Form 990 (XML) & ProPublica Nonprofit Explorer
Scroll →
| Year | Revenue | Contributions | Expenses | Assets | Net Assets |
|---|---|---|---|---|---|
| 2023IRS e-File | $11.7M | $10.2M | $4.8M | $27.5M | $17.8M |
| 2022 | $5.3M | $4.5M | $2.8M | $18.3M | $10.4M |
| 2021 | $6.2M | $5.5M | $4.5M | $28.3M | $8M |
| 2020 | $2.4M | $1.8M | $2.3M |
Sources: ProPublica Nonprofit Explorer & IRS e-File Index
Financial data: IRS e-Filed Form 990 (Tax Year 2023)
Leadership & compensation: IRS e-Filed Form 990, Part VII (Tax Year 2024)
Federal grants: USAspending.gov (live)
Organization info: IRS Business Master File
Tax-deductibility: IRS Publication 78
| Total |
|---|
| James Reiff | Executive Director | 40 | $141.9K | $0 | $0 | $141.9K |
| Andrew Williams | Board Vice Chair | 1 | $0 | $0 | $0 | $0 |
| Dave Wise | Treasurer/secretary | 1 | $0 | $0 | $0 | $0 |
| Joseph Hodges | Board Chair | 1 | $0 | $0 | $0 | $0 |
James Reiff
Executive Director
$141.9K
Hrs/Wk
40
Compensation
$141.9K
Related Orgs
$0
Other
$0
Andrew Williams
Board Vice Chair
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Dave Wise
Treasurer/secretary
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Joseph Hodges
Board Chair
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Members of the governing board. Board members often serve without compensation.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other | Total |
|---|---|---|---|---|---|---|
| Bobbi Pettit | Member | 1 | $0 | $0 | $0 | $0 |
| Dan Mauk | Member | 1 | $0 | $0 | $0 | $0 |
| Eddie Sitzman | Member | 1 | $0 | $0 | $0 | $0 |
| Kendall Scheer | Member | 1 | $0 | $0 | $0 | $0 |
| Michael Storey | Member | 1 | $0 | $0 | $0 | $0 |
| Nancy Williams | Member | 1 |
Bobbi Pettit
Member
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Dan Mauk
Member
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Eddie Sitzman
Member
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Kendall Scheer
| $13.4M |
| $6.3M |
| 2019 | $1.9M | $1.3M | $1.9M | $13.7M | $6.1M |
| 2018 | $1.9M | $1.3M | $1.5M | $13M | $6.1M |
| 2017 | $2.3M | $1.8M | $1.4M | $11.3M | $5.7M |
| 2016 | $1.3M | $971.5K | $672K | $9.1M | $4.8M |
| 2015 | $1.1M | $859.8K | $609.1K | $7.2M | $4.1M |
| 2014 | $822.4K | $620.1K | $716.5K | $6.5M | $3.6M |
| 2013 | $978.9K | $815.6K | $424.4K | $5.9M | $3.5M |
| 2012 | $434.8K | $316.6K | $455.1K | $5.3M | $3M |
| 2021 | 990 | Data | PDF not yet published by IRS |
| 2020 | 990 | Data |
| 2019 | 990 | Data |
| 2018 | 990 | Data |
| 2017 | 990 | Data |
| 2016 | 990 | Data |
| 2015 | 990 | Data |
| 2014 | 990 | Data |
| 2013 | 990 | Data |
| 2012 | 990 | Data |
| 2011 | 990 | — |
| 2010 | 990 | — |
| 2009 | 990 | — |
| 2008 | 990 | — |
| 2007 | 990 | — |
| 2006 | 990 | — |
| 2005 | 990 | — |
| 2004 | 990 | — |
| 2003 | 990 | — |
| 2002 | 990 | — |
| $0 |
| $0 |
| $0 |
| $0 |
| Ramone Calzada | Member | 1 | $0 | $0 | $0 | $0 |
| Shannon Filing | Member | 1 | $0 | $0 | $0 | $0 |
Member
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Michael Storey
Member
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Nancy Williams
Member
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Ramone Calzada
Member
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Shannon Filing
Member
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0