Mutual Of Omaha Foundation
Mutual Of Omaha Foundation maintains over $100 million in assets with zero reported officer compensation.
EIN: 202176636 · Omaha, NE · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $55.5M |
| Total Expenses | $5.9M |
| Program Spending | 90% |
| Net Assets | $106.7M |
| Transparency Score | 92/100 |
Is Mutual Of Omaha Foundation Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Mutual Of Omaha Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Mutual Of Omaha Foundation
Mutual Of Omaha Foundation (EIN: 202176636) is a nonprofit organization based in Omaha, NE, classified under NTEE code T22. The organization reported total revenue of $55.5M and total assets of $113.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mutual Of Omaha Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Mutual Of Omaha Foundation is a major nonprofit that has been operating for 21 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 7.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.8M |
| Total Expenses | $5.9M |
| Surplus / Deficit | $-3,094,529 |
| Total Assets | $106.7M |
| Total Liabilities | $1 |
| Net Assets | $106.7M |
| Operating Margin | -110.0% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 216.7 months |
Financial Health Grade: B
In 2023, Mutual Of Omaha Foundation reported a deficit of $3.1M with expenses exceeding revenue, holds 216.7 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Mutual Of Omaha Foundation's revenue has grown at a compound annual growth rate (CAGR) of 7.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -14.0% | -12.1% | +5.4% |
| 2022 | -75.5% | +6.4% | -16.3% |
| 2021 | -3.0% | +38.0% | +11.7% |
| 2020 | +1203.1% | -1.7% | +19.1% |
| 2019 | -24.0% | +9.3% | +30.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Mutual Of Omaha Foundation with a Mission Score of 92 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Mutual Of Omaha Foundation allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $3.1M, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The Mutual Of Omaha Foundation consistently reports 0% officer compensation across all available filings, indicating that executive leadership is either unpaid, volunteer-based, or compensated through an affiliated entity, which significantly maximizes the funds available for charitable programs relative to its substantial asset base.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Strengths
The following positive indicators were identified for Mutual Of Omaha Foundation:
- Zero reported officer compensation across all filings, indicating high efficiency in leadership costs.
- Substantial and growing asset base, exceeding $100 million, providing long-term financial stability.
- Consistent IRS 990 filing history over a decade, demonstrating transparency.
- Strong financial health with significant assets available for grantmaking.
- Likely high program spending ratio due to minimal administrative overhead (no officer compensation).
Frequently Asked Questions about Mutual Of Omaha Foundation
Is Mutual Of Omaha Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Mutual Of Omaha Foundation (EIN: 202176636) appears legitimate. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
How does Mutual Of Omaha Foundation spend its money?
Mutual Of Omaha Foundation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Mutual Of Omaha Foundation tax-deductible?
Mutual Of Omaha Foundation is registered as a tax-exempt nonprofit (EIN: 202176636). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Mutual Of Omaha Foundation compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Mutual Of Omaha Foundation is above average for NTEE category T22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Mutual Of Omaha Foundation located?
Mutual Of Omaha Foundation is headquartered in Omaha, Nebraska and files with the IRS under EIN 202176636. It is classified under NTEE code T22.
How many years of IRS 990 filings does Mutual Of Omaha Foundation have?
Mutual Of Omaha Foundation has 10 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $55.5M in total revenue.
Is Mutual Of Omaha Foundation a good charity?
Based on the available IRS 990 data, the Mutual Of Omaha Foundation appears to be a very good charity. It maintains a substantial asset base (over $100 million), consistently files its financial reports, and notably reports 0% officer compensation, meaning virtually all operational costs are directed towards its mission or covered by other means, maximizing program impact.
How does the foundation manage to have 0% officer compensation?
The 0% officer compensation suggests that the foundation's leadership may be entirely volunteer-based, or their compensation is covered by an affiliated entity (such as Mutual of Omaha itself) and not directly reported as an expense of the foundation, which is a highly efficient model for a grant-making organization.
What is the trend in the foundation's assets?
The foundation's assets have shown significant growth over the past decade, increasing from $34.38 million in 2011 to $106.69 million in 2023, indicating strong financial stewardship and investment performance.
Filing History
IRS 990 filing history for Mutual Of Omaha Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Mutual Of Omaha Foundation's revenue has grown by 127.1%, moving from $1.2M to $2.8M. Total assets increased by 210.3% over the same period, from $34.4M to $106.7M. Total functional expenses rose by 92.2%, from $3.1M to $5.9M. In its most recent filing year (2023), Mutual Of Omaha Foundation reported a deficit of $3.1M, with expenses exceeding revenue. The organization holds $1 in liabilities against $106.7M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $106.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.8M | $5.9M | $106.7M | $1 | — | View 990 |
| 2022 | $3.3M | $6.7M | $101.2M | $1 | — | View 990 |
| 2021 | $13.4M | $6.3M | $120.9M | $1 | — | View 990 |
| 2020 | $13.8M | $4.6M | $108.2M | $1 | — | View 990 |
| 2019 | $1.1M | $4.7M | $90.8M | $38K | — | View 990 |
| 2015 | $1.4M | $4.3M | $69.8M | $0 | — | View 990 |
| 2014 | $11.4M | $3.4M | $75.2M | $0 | — | View 990 |
| 2013 | $17.5M | $3.4M | $65.2M | $12K | — | View 990 |
| 2012 | $8.0M | $1.9M | $43.7M | $16K | — | View 990 |
| 2011 | $1.2M | $3.1M | $34.4M | $5K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.8M, expenses of $5.9M, and assets of $106.7M (revenue -14.0% year-over-year).
- 2022: Revenue of $3.3M, expenses of $6.7M, and assets of $101.2M (revenue -75.5% year-over-year).
- 2021: Revenue of $13.4M, expenses of $6.3M, and assets of $120.9M (revenue -3.0% year-over-year).
- 2020: Revenue of $13.8M, expenses of $4.6M, and assets of $108.2M (revenue +1203.1% year-over-year).
- 2019: Revenue of $1.1M, expenses of $4.7M, and assets of $90.8M (revenue -24.0% year-over-year).
- 2015: Revenue of $1.4M, expenses of $4.3M, and assets of $69.8M (revenue -87.8% year-over-year).
- 2014: Revenue of $11.4M, expenses of $3.4M, and assets of $75.2M (revenue -35.0% year-over-year).
- 2013: Revenue of $17.5M, expenses of $3.4M, and assets of $65.2M (revenue +119.0% year-over-year).
- 2012: Revenue of $8.0M, expenses of $1.9M, and assets of $43.7M (revenue +544.1% year-over-year).
- 2011: Revenue of $1.2M, expenses of $3.1M, and assets of $34.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Mutual Of Omaha Foundation:
Data Sources and Methodology
This transparency report for Mutual Of Omaha Foundation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.