Nac Development Corporation
NAC Development Corporation is a public charity based in Omaha, Nebraska, established in 1974. The organization operates as an arts council and agency focused on stimulating and encouraging the study and presentation of fine and performing arts throughout Nebraska.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$2.1M
+32.7% YoY
Annual Giving
$471K
+7.7% YoY
Grant Count
38
+0.0% YoY
Avg Grant Size
$12K
+7.7% YoY
Mission & Focus Areas
Mission: To stimulate and encourage the study and presentation of fine and performing arts throughout the state.
Primary Focus Areas:
- Arts and culture
- Arts education
- Human services
- Cultural preservation and endowment funding
The organization's primary program is the Cultural Preservation Endowment Fund (CPEF), which supports three key categories:
Stabilization of Nebraska's Arts Organizations — Providing grants designed to stimulate endowment building and supplement annual general operational support for arts organizations
Arts Education Programs with Statewide Impact — Supporting projects that demonstrate sustained effort with broad application. Recent initiatives include redesigning Prairie Visions, a summer institute for Nebraska teachers that provides tools to implement comprehensive arts education across the curriculum spectrum
Arts Advocacy — Promoting the arts in Nebraska through research, development, and production of informational materials that demonstrate the positive impact of arts education on the state's economy, quality of life, and citizen education
The organization also facilitates the Poetry Out Loud program, which fosters public speaking skills among participants.
Grantmaking
Grant Range
Range:** $5,012–$52,250
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Geographic Focus
Where this funder awards grants
NAC Development Corporation funds exclusively within Nebraska, with a statewide focus on arts organizations and education initiatives across the state.
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
Total Assets: $2,123,220 (most recent filing)
Total Annual Giving: $567,300
Total Revenues: $789,323 (2024)
Total Expenses: $722,880 (2024)
Staff: 0 employees (as of most recent filing)
The organization maintains a four-star rating based on accountability and financial metrics.
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $2,123,220 | $1,600,066 | $1,498,147 |
| Revenue | $1,269,753 | $789,323 | $689,375 |
| Expenses | $730,678 | $722,880 | $1,039,628 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $37,449 | $61,331 | $15,384 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
Grant Size Distribution
191 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
Principal Officer: Mike Markey
Compensation Overview
From 2025 IRS filing
From 2025 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| SARAH PEETZ | PRESIDENT | 1 | — |
| MARK LAUGHLIN | VICE PRESIDENT | 1 | — |
| JANA GORANSON | SECRETARY | 1 | — |
| ZACHARY CHEEK | TREASURER | 1 | — |
| JON GROSS | SECRETARY | 1 | — |
| L JAMES WRIGHT | AT LARGE | 1 | — |
| SHARI HOFSCHIRE | EX OFFICIO | 1 | — |
| MIKE MARKEY | EX OFFICIO | 5 | — |
Contact Information
Address: 1004 Farnam Street, Plaza Level, Omaha, NE 68102
Phone: 402-595-2195
Website: www.nebraskaartscouncil.org
EIN: 47-6039543
IRS Ruling Year: 1966
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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