Northwest Nebraska Development Corporation
- Assets
- $770.6k
- Revenue
- $121.7k
- Investments
- $0.0
- Employees
- 1
- Location
- Chadron, NE
- Founding
- 05/1992
- Data as of
- 12/2023
- EIN
- 47-0713995
Organization Overview
Northwest Nebraska Development Corporation is located in Chadron, NE. The organization was established in 1992. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Northwest Nebraska Development Corporation is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2023, Northwest Nebraska Development Corporation generated $121.7k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.2% each year. All expenses for the organization totaled $133.3k during the year ending 12/2023. While expenses have increased by 5.9% per year over the past 8 years. They've been increasing with an increasing level of total revenue. 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
EXPAND AND RETAIN BUSINESSES IN THE CITY OF CHADRON AND THE SURROUNDING DAWES COUNTY AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MAINTAINED MULTIPLE EXISTING LOANS TO BUSINESSES UNDER RUAL BUSINESS ENTERPRISE GRANTS PROGRAM(RBEG); COMMUNITY DEVELOPMENT BLOCK GRANT PROGRAM (CDBG); INTERMEDIARY RELENDING PROGRAM (IRP); AND ECONOMIC DEVELOPMENT FUNDING (LB840) LENT MONIES TO MULTIPLE BUSINESSES UNDER THE RBEG PROGRAM; THE CDBG PROGRAM; THE IRP PROGRAM; AND THE LB840 PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Deb Cottier Executive Di | Officer | 40 | $53,667 |
Jennifer Brown President | OfficerTrustee | 2 | $0 |
Drew Pope Vice Preside | OfficerTrustee | 2 | $0 |
April Grant Treasurer | OfficerTrustee | 2 | $0 |
Cody Benton Secretary | OfficerTrustee | 2 | $0 |
Jason Carnahan Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $14,700 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $55,200 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $69,900 |
| Total Program Service Revenue | $20,397 |
| Investment income | $3,110 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $728 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $121,684 |
| 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. | $53,667 |
| Compensation of current officers, directors, key employees. | $2,683 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,148 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $14,607 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $25 |
| Office expenses | $1,193 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $3,600 |
| Travel | $3,070 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,548 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $618 |
| Insurance | $1,118 |
| All other expenses | $544 |
| Total functional expenses | $133,312 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $354,783 |
| Savings and temporary cash investments | $29,953 |
| 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 | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,854 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $384,046 |
| Total assets | $770,636 |
| Accounts payable and accrued expenses | $1,458 |
| 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 | $145,752 |
| Total liabilities | $147,210 |
| Net assets without donor restrictions | $107,724 |
| Net assets with donor restrictions | $515,702 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $770,636 |