Custer Economic Development Corp
- Assets
- $1.8m
- Revenue
- $167.5k
- Investments
- $0.0
- Employees
- 2
- Location
- Broken Bow, NE
- Founding
- 09/2004
- Data as of
- 12/2023
- EIN
- 20-0422241
Organization Overview
Custer Economic Development Corp is located in Broken Bow, NE. The organization was established in 2004. According to its NTEE Classification (S31) the organization is classified as: Urban & Community Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2023, Custer Economic Development Corp employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Custer Economic Development Corp is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Custer Economic Development Corp generated $167.5k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (2.9%) each year. All expenses for the organization totaled $533.3k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
ECONOMIC DEVELOPMENT FOR THE CUSTER COUNTY AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOUSING DEVELOPMENT FOR CUSTER COUNTY AREA.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Keith Ellis Executive Di | 40 | $65,000 | |
Scotti Ross Executive Di | Trustee | 40 | $36,000 |
Jerry Adams Board Member | Officer | 1 | $0 |
Jami Anderson Chair Of Boa | Officer | 1 | $0 |
Don Cantrell Board Member | Officer | 1 | $0 |
Shantel Daake Treasurer | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $111,528 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $18,842 |
| All other contributions, gifts, grants, and similar amounts not included above | $9,130 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $139,500 |
| Total Program Service Revenue | $15,266 |
| Investment income | $2,140 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $167,496 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $36,000 |
| Compensation of current officers, directors, key employees. | $36,000 |
| Compensation to disqualified persons | $65,000 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $7,727 |
| Fees for services: Management | $2,100 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,197 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,601 |
| Office expenses | $951 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $5,500 |
| Travel | $1,104 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $20,641 |
| Total functional expenses | $533,288 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,012,667 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $134,800 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $620,534 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,768,001 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $72,291 |
| Total liabilities | $72,291 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $1,695,710 |
| Total liabilities and net assets/fund balances | $1,768,001 |