Form 990 for tax year 2022
Filed by MCCOOK ECONOMIC DEVELOPMENT CORPORATION.
Totals
- Total revenue
- $713,510
- Total expenses
- $476,546
- Contributions and grants received
- $709,730
- Grants paid
- $0
- Program service revenue
- -$334
- Investment income
- $7,905
- Other revenue
- -$3,791
- Total assets, end of year
- $5,097,092
- Total liabilities, end of year
- $236,029
- Net assets or fund balances, end of year
- $4,861,063
- Program services expenses (Part IX)
- $366,139
- Management and general expenses
- $110,407
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $366,139
Program services were 76.8% 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)
$585,261
-
1f · All other contributions, gifts and grants
$124,469
-
1g · Noncash contributions included above
$11,469
-
2a · Program service revenue: PROPERTY MANAGEMENT
total $10,848 · related or exempt $10,848
-
2b · Program service revenue: LOSS ON SALE OF HOUSE
total -$11,182 · related or exempt -$11,182
-
3 · Investment income
total $7,905 · related or exempt $7,905
-
6a · Gross rents
real property $114,320
-
6b · Less rental expenses
real property $180,993
-
6c · Rental income or loss
real property -$66,673
-
6d · Net rental income or loss
total -$66,673 · related or exempt -$66,673
-
11a · Other revenue: REIMBURSEMENTS
total $62,905 · excluded $62,905
-
11b · Other revenue: CLARY VILLAGE, LLC
total -$10 · related or exempt -$10
-
11c · Other revenue: QUILLAN COURTS, LLC
total -$13 · related or exempt -$13
-
11e · Other revenue, total
$62,882
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $218,236 · program services $123,995 · management and general $94,241
-
9 · Other employee benefits
total $6,477 · program services $3,685 · management and general $2,792
-
10 · Payroll taxes
total $16,415 · program services $8,641 · management and general $7,774
-
11b · Fees: legal
total $3,965 · program services $3,965
-
11c · Fees: accounting
total $5,758 · program services $158 · management and general $5,600
-
11g · Fees: other
total $11,969 · program services $11,969
-
12 · Advertising and promotion
total $1,788 · program services $1,788
-
13 · Office expenses
total $4,821 · program services $4,821
-
16 · Occupancy
total $12,143 · program services $12,143
-
19 · Conferences, conventions and meetings
total $1,693 · program services $1,693
-
20 · Interest
total $2,929 · program services $2,929
-
23 · Insurance
total $3,393 · program services $3,393
-
24a · Other expenses: GRANT EXPENSES
total $113,952 · program services $113,952
-
24b · Other expenses: SALES TAX PROJECT EXPENSE
total $40,408 · program services $40,408
-
24c · Other expenses: SALES TAX PROJECTS EXPENS
total $22,740 · program services $22,740
-
24d · Other expenses: TAXES
total $6,162 · program services $6,162
-
24e · All other expenses
total $3,697 · program services $3,697
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $822,913 · end of year $958,143
-
4 · Accounts receivable
beginning of year $79,989 · end of year $53,815
-
7 · Other notes and loans receivable
beginning of year $447,135 · end of year $398,071
-
8 · Inventories for sale or use
beginning of year $261,833 · end of year $314,332
-
9 · Prepaid expenses and deferred charges
beginning of year $4,666 · end of year $4,250
-
10a · Land, buildings and equipment: cost or other basis
$4,743,116
-
10b · Land, buildings and equipment: accumulated depreciation
$1,411,910
-
10c · Land, buildings and equipment, net
beginning of year $3,431,790 · end of year $3,331,206
-
11 · Investments: publicly traded securities
beginning of year $9,823 · end of year $9,800
-
15 · Other assets
beginning of year $28,588 · end of year $27,475
-
17 · Accounts payable and accrued expenses
beginning of year $68,192 · end of year $35,068
-
19 · Deferred revenue
beginning of year $4,907 · end of year $11,370
-
20 · Tax-exempt bond liabilities
beginning of year $108,448 · end of year $74,487
-
23 · Secured mortgages and notes payable
beginning of year $108,612 · end of year $94,612
-
24 · Unsecured notes and loans payable
beginning of year $169,177
-
25 · Other liabilities
beginning of year $3,302 · end of year $20,492
-
27 · Net assets without donor restrictions
beginning of year $3,565,176 · end of year $3,697,328
-
28 · Net assets with donor restrictions
beginning of year $1,058,923 · end of year $1,163,735
Mission and programs · 2022
Mission
ECONOMIC DEVELOPMENT THROUGH BUSINESS RECRUITING AND HOUSING DEVELOPMENT
-
DEVELOPMENT AND PROMOTION OF ECONOMIC DEVELOPMENT AND TOURISM IN SOUTHWEST NEBRASKA
Expenses $266,725
-
DEVELOPMENT OF HOUSING FOR RESIDENTIAL PUPOSES
Expenses $99,414
As filed on the 2022 return.
Listed in Part VII
-
TROY BRUNTZ
PRESIDENT
- Total calculated
- $0
-
JERRY CALVIN
DIRECTOR
- Total calculated
- $0
-
KENT CRAW
DIRECTOR
- Total calculated
- $0
-
PAT FARRELL
DIRECTOR
- Total calculated
- $0
-
TRACEY MIA
DIRECTOR
- Total calculated
- $0
-
NICK NOTHNAGEL
DIRECTOR
- Total calculated
- $0
-
KELLY RIPPEN
DIRECTOR
- Total calculated
- $0
-
KIM SCHILLING
DIRECTOR
- Total calculated
- $0
-
CAROL SCHLEGEL
DIRECTOR
- Total calculated
- $0
-
BRETT SCHMIDT
DIRECTOR
- Total calculated
- $0
-
NATE SCHNEIDER
DIRECTOR
- Total calculated
- $0
-
MOLLY SMITH
DIRECTOR
- Total calculated
- $0
-
LINDA TAYLOR
DIRECTOR
- Total calculated
- $0
-
CHRIS WAGNER
SECRETARY
- Total calculated
- $0
-
KATE WARNER
DIRECTOR
- Total calculated
- $0
-
TIM WIEBE
TREASURER
- Total calculated
- $0
-
GREG WOLFORD
VICE-PRESIDE
- 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
- 11 July 2023
- IRS schema version
- 2022v5.0
- Source object
- 202341939349301869
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