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Nonprofiteer
← SHERMAN COUNTY ECONOMIC DEVELOPMENT INC

Form 990 for tax year 2024

Filed by SHERMAN COUNTY ECONOMIC DEVELOPMENT INC.

Totals

Total revenue
$1,462,814
Total expenses
$248,230
Contributions and grants received
$1,409,200
Grants paid
$0
Program service revenue
$45,410
Investment income
$2,673
Other revenue
$5,531
Total assets, end of year
$2,789,124
Total liabilities, end of year
$103,659
Net assets or fund balances, end of year
$2,685,465
Program services expenses (Part IX)
$248,230
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$248,230

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)

    $1,409,175

  • 1f · All other contributions, gifts and grants

    $25

  • 2a · Program service revenue: SUNSET COTTAGES HOUSING

    total $36,980 · related or exempt $36,980

  • 2b · Program service revenue: CARNEGIE BUILDING

    total $8,430 · related or exempt $8,430

  • 3 · Investment income

    total $2,673 · related or exempt $2,673

  • 11a · Other revenue: MISCELLANEOUS REVENUE

    total $4,619 · related or exempt $4,619

  • 11b · Other revenue: STATE PTC

    total $567 · related or exempt $567

  • 11c · Other revenue: LB840 FEES

    total $345 · related or exempt $345

  • 11e · Other revenue, total

    $5,531

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $65,852 · program services $65,852

  • 10 · Payroll taxes

    total $6,589 · program services $6,589

  • 11b · Fees: legal

    total $1,452 · program services $1,452

  • 11c · Fees: accounting

    total $4,030 · program services $4,030

  • 11g · Fees: other

    total $10,981 · program services $10,981

  • 12 · Advertising and promotion

    total $540 · program services $540

  • 13 · Office expenses

    total $2,673 · program services $2,673

  • 16 · Occupancy

    total $38,738 · program services $38,738

  • 17 · Travel

    total $1,366 · program services $1,366

  • 19 · Conferences, conventions and meetings

    total $1,117 · program services $1,117

  • 20 · Interest

    total $6,293 · program services $6,293

  • 22 · Depreciation, depletion and amortization

    total $93,948 · program services $93,948

  • 23 · Insurance

    total $3,621 · program services $3,621

  • 24a · Other expenses: REPAIRS

    total $7,384 · program services $7,384

  • 24b · Other expenses: REPAIRS

    total $3,075 · program services $3,075

  • 24c · Other expenses: SUPPLIES

    total $432 · program services $432

  • 24d · Other expenses: SUPPLIES

    total $127 · program services $127

  • 24e · All other expenses

    total $12 · program services $12

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $133,043 · end of year $1,362,261

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

    $1,763,253

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

    $383,779

  • 10c · Land, buildings and equipment, net

    beginning of year $1,444,539 · end of year $1,379,474

  • 14 · Intangible assets

    beginning of year $49,722 · end of year $46,389

  • 15 · Other assets

    beginning of year $1,806 · end of year $1,000

  • 25 · Other liabilities

    beginning of year $159,035 · end of year $103,659

  • 27 · Net assets without donor restrictions

    beginning of year $1,418,127 · end of year $1,361,042

  • 28 · Net assets with donor restrictions

    beginning of year $51,948 · end of year $1,324,423

Mission and programs · 2024

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 $248,230 · Revenue $45,410

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Callie Chilewski

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    10

  • Melissa Kapustka

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    10

  • Jodi Spotanski

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    10

  • Tom Bandur

    SECRETARY

    Total calculated
    $0
    Hours/week
    10

  • Mark Krueger

    TREASURER

    Total calculated
    $0
    Hours/week
    10

  • Demi Rodocker

    VICE PRESIDE

    Total calculated
    $0
    Hours/week
    10

  • Clayton Suckstorf

    PRESIDENT

    Total calculated
    $0
    Hours/week
    10

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
2024
Filed
22 October 2025
IRS schema version
2024v5.0
Source object
202532959349301978

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