Governance

The Nebraska Community Foundation (NCF) is a tax-exempt public charity in accordance with Section 501(c)(3) of the Internal Revenue Code.  NCF is governed by a volunteer board of directors made up of a diverse group of community leaders from across the state.  The board of directors meets quarterly at locations throughout Nebraska.

NCF has received recognition for having organizational and financial practices that are in compliance with National Standards for Community Foundations established by the Council on Foundations.  Achievement of this recognition affirms our commitment to financial security, transparency and accountability. 

As a 501(c)(3) organization, NCF files a Form 990 tax return with the IRS annually.  The Form 990 is open to public inspection.  The forms for the three most recent fiscal years of the Foundation are available on this Web site.

NCF’s financial statements are audited annually by an independent public accounting firm.  A summary of NCF’s sources and uses of income for the most recent fiscal year is available.  A copy of NCF’s audited financial statements may be obtained by contacting the Foundation.

The board of directors and staff of the Nebraska Community Foundation are committed to good governance practices, transparency and accountability to the communities, organizations and donors that we serve.