Form 990 for tax year 2022
Filed by SHERMAN COUNTY ECONOMIC DEVELOPMENT INC.
Totals
- Total revenue
- $242,285
- Total expenses
- $222,016
- Contributions and grants received
- $202,698
- Grants paid
- $0
- Program service revenue
- $58,450
- Investment income
- -$5,947
- Other revenue
- -$12,916
- Total assets, end of year
- $1,225,810
- Total liabilities, end of year
- $352,370
- Net assets or fund balances, end of year
- $873,440
- Program services expenses (Part IX)
- $222,016
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $222,016
Program services were 100.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1e · Government grants (contributions)
$154,197
-
1f · All other contributions, gifts and grants
$48,501
-
2a · Program service revenue: SUNSET COTTAGES HOUSING
total $42,570 · related or exempt $42,570
-
2b · Program service revenue: CARNEGIE BUILDING
total $10,230 · related or exempt $10,230
-
2c · Program service revenue: SCS BUILDING
total $5,650 · related or exempt $5,650
-
7a · Gross sales of assets other than inventory
other assets $7,500
-
7b · Less cost or other basis and sales expenses
other assets $13,447
-
7c · Gain or loss
other assets -$5,947
-
7d · Net gain or loss
total -$5,947 · related or exempt -$5,947
-
11a · Other revenue: SALE OF RESIDENTIAL PROPERTY
total -$12,916 · excluded -$12,916
-
11e · Other revenue, total
-$12,916
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $55,154 · program services $55,154
-
10 · Payroll taxes
total $6,517 · program services $6,517
-
11a · Fees: management
total $100 · program services $100
-
11b · Fees: legal
total $7,336 · program services $7,336
-
11c · Fees: accounting
total $2,300 · program services $2,300
-
11g · Fees: other
total $25,493 · program services $25,493
-
12 · Advertising and promotion
total $5,971 · program services $5,971
-
13 · Office expenses
total $1,447 · program services $1,447
-
16 · Occupancy
total $38,368 · program services $38,368
-
17 · Travel
total $317 · program services $317
-
19 · Conferences, conventions and meetings
total $123 · program services $123
-
20 · Interest
total $22,340 · program services $22,340
-
22 · Depreciation, depletion and amortization
total $33,400 · program services $33,400
-
23 · Insurance
total $8,898 · program services $8,898
-
24a · Other expenses: REPAIRS
total $9,824 · program services $9,824
-
24b · Other expenses: REPAIRS
total $3,583 · program services $3,583
-
24c · Other expenses: REPAIRS
total $500 · program services $500
-
24d · Other expenses: SUPPLIES
total $134 · program services $134
-
24e · All other expenses
total $211 · program services $211
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $67,849 · end of year $123,110
-
10a · Land, buildings and equipment: cost or other basis
$930,426
-
10b · Land, buildings and equipment: accumulated depreciation
$251,613
-
10c · Land, buildings and equipment, net
beginning of year $724,476 · end of year $678,813
-
15 · Other assets
beginning of year $663,076 · end of year $423,887
-
25 · Other liabilities
beginning of year $602,230 · end of year $352,370
-
27 · Net assets without donor restrictions
beginning of year $796,462 · end of year $819,251
-
28 · Net assets with donor restrictions
beginning of year $56,709 · end of year $54,189
Mission and programs · 2022
Mission
TO PROVIDE ECONOMIC DEVELOPMENT OPPORTUNITIES WITHIN SHERMAN COUNTY, NEBRASKA IN ORDER TO INCREASE HOUSING, BUSINESS GROWTH, AND POPULATION.
-
ADMINISTRATION OF REVOLVING LOAN PROGRAM AND LB 840 PROGRAM TO IMPROVE COMMUNITY THROUGH ECONOMIC DEVELOPMENT INCENTIVES ULTIMATELY BENEFITING APPROX. 3,200 PERSONS.
-
TO PROVIDE ECONOMIC DEVELOPMENT OPPORTUNITIES WITHIN SHERMAN COUNTY, NEBRASKA IN ORDER TO INCREASE HOUSING, BUSINESS GROWTH, AND POPULATION.
Expenses $222,016 · Revenue $58,450
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
MELISSA KAPUSTKA
DIRECTOR
- Total calculated
- $0
-
SAMANTHA MCCARVILLE
DIRECTOR
- Total calculated
- $0
-
DEMI RODOCKER
VICE PRESIDE
- Total calculated
- $0
-
TOM BANDUR
SECRETARY
- Total calculated
- $0
-
MARK KRUEGER
DIRECTOR
- Total calculated
- $0
-
CLAYTON SUCKSTORF
PRESIDENT
- Total calculated
- $0
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 12 December 2023
- IRS schema version
- 2022v5.0
- Source object
- 202303479349300905
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