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Nonprofiteer
← ECONOMIC DEVELOPMENT COUNCIL OF BUFFALO COUNTY INC

Form 990 for tax year 2024

Filed by ECONOMIC DEVELOPMENT COUNCIL OF BUFFALO COUNTY INC.

Totals

Total revenue
$688,723
Total expenses
$497,686
Contributions and grants received
$655,838
Grants paid
$109,000
Program service revenue
$2,010
Investment income
$30,875
Other revenue
$0
Total assets, end of year
$2,611,700
Total liabilities, end of year
$245,548
Net assets or fund balances, end of year
$2,366,152
Program services expenses (Part IX)
$497,686
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
not reported

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)

    $431,438

  • 1f · All other contributions, gifts and grants

    $224,400

  • 2a · Program service revenue: NDO LOAN INTEREST

    total $2,010 · related or exempt $2,010

  • 3 · Investment income

    total $30,875 · excluded $30,875

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $109,000 · program services $109,000

  • 7 · Other salaries and wages

    total $195,528 · program services $195,528

  • 8 · Pension plan contributions

    total $6,671 · program services $6,671

  • 9 · Other employee benefits

    total $21,745 · program services $21,745

  • 10 · Payroll taxes

    total $17,071 · program services $17,071

  • 11b · Fees: legal

    total $91 · program services $91

  • 11c · Fees: accounting

    total $5,864 · program services $5,864

  • 13 · Office expenses

    total $4,205 · program services $4,205

  • 14 · Information technology

    total $13,762 · program services $13,762

  • 16 · Occupancy

    total $2,800 · program services $2,800

  • 17 · Travel

    total $6,410 · program services $6,410

  • 19 · Conferences, conventions and meetings

    total $11,162 · program services $11,162

  • 22 · Depreciation, depletion and amortization

    total $3,540 · program services $3,540

  • 23 · Insurance

    total $4,838 · program services $4,838

  • 24a · Other expenses: MARKETING/PROMOTION

    total $26,101 · program services $26,101

  • 24b · Other expenses: ENTREPRENEURSHIP

    total $18,498 · program services $18,498

  • 24c · Other expenses: RESEARCH AND DEVELOPMENT

    total $12,500 · program services $12,500

  • 24d · Other expenses: KEARNEY PARTNERSHIP

    total $8,981 · program services $8,981

  • 24e · All other expenses

    total $28,919 · program services $28,919

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $63,314 · end of year $50,960

  • 2 · Savings and temporary cash investments

    beginning of year $1,799,933 · end of year $1,443,765

  • 4 · Accounts receivable

    beginning of year $2,500 · end of year $17,041

  • 7 · Other notes and loans receivable

    beginning of year $29,311 · end of year $348,820

  • 10a · Land, buildings and equipment: cost or other basis

    $17,063

  • 10b · Land, buildings and equipment: accumulated depreciation

    $12,494

  • 10c · Land, buildings and equipment, net

    beginning of year $5,436 · end of year $4,569

  • 15 · Other assets

    beginning of year $815,702 · end of year $746,545

  • 17 · Accounts payable and accrued expenses

    beginning of year $24,891 · end of year $20,548

  • 25 · Other liabilities

    end of year $225,000

  • 27 · Net assets without donor restrictions

    beginning of year $2,173,848 · end of year $1,947,942

  • 28 · Net assets with donor restrictions

    beginning of year $517,457 · end of year $418,210

Mission and programs · 2024

Mission

PROMOTE MEANINGFUL AND PROSPEROUS DEVELOPMENT FOR THE CITY OF KEARNEY NEBRASKA AND ALL OF BUFFALO COUNTY NEBRASKA.

  • PROMOTE ECONOMIC DEVELOPMENT IN BUFFALO COUNTY BY PROVIDING FUNDING, PRIMARILY IN THE FORM OF DIRECCT GRANTS AND SHORT TERM LOANS, TO ORGANIZATIONS FOR DEVELOPMENT BENEFITTING THE REGION THROUGH THE CREATION OF JOBS, JOB TRAINING AND EDUCATION, AND THE CIRCULATION OF BUSINESS REVENUES WITHIN THE AREA.

As filed on the 2024 return.

Listed in Part VII

  • TREVOR LEE

    PRESIDENT

    Total calculated
    $142,898
    From this org
    $142,898
    From related orgs
    $0
    Other
    $0
    Hours/week
    45

  • KIMBER BONNER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • NATHAN DORSEY

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • SCOTT EHMKE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JUSTIN GOULD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • PAUL KENNEY

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • DAN LYNCH

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • TAMI MOORE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • KELLY NASLUND

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • NICK RIDGEWAY

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • KURT SCHMIDT

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JON WATTS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JERRY HELLMAN

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    2

  • CHRIS MILLER

    PAST CHAIRMA

    Total calculated
    $0
    Hours/week
    1

  • SHERRY MORROW

    VICE CHAIRMA

    Total calculated
    $0
    Hours/week
    1

  • BRAD WEGNER

    SECRETARY/TR

    Total calculated
    $0
    Hours/week
    1

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

  • SPORTSPLEX

    $100,000

  • DELUX MANUFACTURING

    $9,000

Provenance

Return type
form_990
Tax year
2024
Filed
14 May 2026
IRS schema version
2024v5.0
Source object
202611349349301576

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