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Mcgowan Family Foundation Inc

  • Omaha, NE
  • Tax-exempt since Aug. 1996
  • EIN: 47-0795668

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Religion Related, Spiritual Development N.E.C. (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$1.52M (2023)

Expenses
$783k (2023)

Total Assets
$19.5M (2023)

Total Liabilities
$15.8k (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,523,437
Expenses
$782,675
Net Income
$740,762
Net Assets
$19,446,275
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $275,928
18.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $1,247,509
81.9%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $19,462,092
Total Liabilities $15,817
Net Assets $19,446,275
Compensation
Key Employees and Officers Compensation Related Other
Carolyn Hansen (Director) $0 $0 $0
Bruce Lauritzen (Director) $0 $0 $0
Thomas Mc Gowan (Treasurer) $0 $0 $0
Cynthia Mc Gowan (President) $0 $0 $0
Richard Kelley (Director) $0 $0 $0
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Document Links

990
Filed on Nov. 15, 2024

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,052,756
Expenses
$1,284,095
Net Income
$768,661
Net Assets
$16,762,455
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $292,661
14.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $1,760,095
85.7%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $16,777,325
Total Liabilities $14,870
Net Assets $16,762,455
Compensation
Key Employees and Officers Compensation Related Other
Carolyn Hansen (Director) $0 $0 $0
Bruce Lauritzen (Director) $0 $0 $0
Thomas Mc Gowan (Treasurer) $0 $0 $0
Cynthia Mc Gowan (President) $0 $0 $0
Richard Kelley (Director) $0 $0 $0
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Document Links

990
Filed on Oct. 13, 2023

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,574,223
Expenses
$1,314,057
Net Income
$260,166
Net Assets
$20,964,814
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $301,054
19.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $1,273,169
80.9%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $20,981,746
Total Liabilities $16,932
Net Assets $20,964,814
Compensation
Key Employees and Officers Compensation Related Other
Carolyn Hansen (Director) $0 $0 $0
Bruce Lauritzen (Director) $0 $0 $0
Thomas Mc Gowan (Treasurer) $0 $0 $0
Cynthia Mc Gowan (President) $0 $0 $0
F William Karrer (Director) $0 $0 $0
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Document Links

990
Filed on Nov. 14, 2022

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$707,774
Expenses
$1,218,763
Net Income
-$510,989
Net Assets
$17,975,392
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $303,412
42.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $404,362
57.1%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $17,990,287
Total Liabilities $14,895
Net Assets $17,975,392
Compensation
Key Employees and Officers Compensation Related Other
Carolyn Hansen (Director) $0 $0 $0
Bruce Lauritzen (Director) $0 $0 $0
Thomas Mc Gowan (Treasurer) $0 $0 $0
Cynthia Mc Gowan (President) $0 $0 $0
F William Karrer (Director) $0 $0 $0
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Document Links

990
Filed on Oct. 13, 2021

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,115,446
Expenses
$1,461,049
Net Income
-$345,603
Net Assets
$16,872,201
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $334,870
30.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $780,478
70.0%
Net Inventory Sales $0
Other Revenue $98
0.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $16,886,778
Total Liabilities $14,577
Net Assets $16,872,201

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,015,329
Expenses
$1,411,236
Net Income
-$395,907
Net Assets
$14,803,390
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $343,081
33.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $672,181
66.2%
Net Inventory Sales $0
Other Revenue $67
0.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $14,817,772
Total Liabilities $14,382
Net Assets $14,803,390

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,156,666
Expenses
$1,260,357
Net Income
-$103,691
Net Assets
$17,188,711
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $367,814
31.8%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $788,852
68.2%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $17,203,587
Total Liabilities $14,876
Net Assets $17,188,711

No Document Links

The IRS has provided extracted financial data for this filing, but has not yet released the source documents.

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$830,655
Expenses
$1,117,139
Net Income
-$286,484
Net Assets
$15,788,317
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $375,708
45.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $454,947
54.8%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $15,802,375
Total Liabilities $14,058
Net Assets $15,788,317

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$846,229
Expenses
$1,369,629
Net Income
-$523,400
Net Assets
$15,082,544
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,743
0.2%
Program Services $0
Investment Income $392,149
46.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $452,337
53.5%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $15,110,638
Total Liabilities $28,094
Net Assets $15,082,544

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$881,662
Expenses
$673,055
Net Income
$208,607
Net Assets
$17,203,096
Notable Sources of Revenue Percent of Total Revenue
Contributions $599
0.1%
Program Services $0
Investment Income $380,816
43.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $500,247
56.7%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $17,233,100
Total Liabilities $30,004
Net Assets $17,203,096

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$456,812
Expenses
$552,619
Net Income
-$95,807
Net Assets
$16,166,324
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $349,285
76.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $107,527
23.5%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $16,180,521
Total Liabilities $14,197
Net Assets $16,166,324

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$215,967
Expenses
$1,149,515
Net Income
-$933,548
Net Assets
$13,357,441
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $342,139
> 100%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$126,172
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $13,633,488
Total Liabilities $276,047
Net Assets $13,357,441

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
-$206,483
Expenses
$770,820
Net Income
-$977,303
Net Assets
$13,221,130
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $307,724
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$514,207
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $13,233,607
Total Liabilities $12,477
Net Assets $13,221,130

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2004

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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Byline

By Andrea Suozzo, Alec Glassford and Ash Ngu, ProPublica, and Brandon Roberts, Special to ProPublica.
Design by Jeff Frankl. Additional development by Ken Schwencke, Mike Tigas, and Sisi Wei.

E-file viewer adapted from IRS e-File Viewer by Ben Getson. Code for scraping audit documents adapated from Govwiki.

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