Dawson County Area Economic Development
- Assets
- $1.0m
- Revenue
- $324.9k
- Investments
- $0.0
- Employees
- 7
- Location
- Lexington, NE
- Founding
- 07/1990
- Data as of
- 07/2021
- EIN
- 47-0726051
Organization Overview
Dawson County Area Economic Development is located in Lexington, NE. The organization was established in 1990. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 07/2021, Dawson County Area Economic Development employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Dawson County Area Economic Development 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 07/2021, Dawson County Area Economic Development generated $324.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (6.2%) each year. All expenses for the organization totaled $334.0k during the year ending 07/2021. As we would expect to see with falling revenues, expenses have declined by (10.8%) per year over the past 7 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
BUSINESS RECRUITMENT AND BUSINESS RETENTION FOR DAWSON COUNTY NEBRASKA
Describe the Organization's Program Activity:
Part 3 - Line 4a
DEVELOP RECRUITMENT PROSPECTS FOR EXPANSION/RELOCATION TO DAWSON COUNTY, NEBRASKA AND TO WORK WITH LOCAL BUSINESSES AND INDUSTRY TO IDENTIFY NEW OPPORTUNITIES AND SOLVE PROBLEMS FACING THOSE BUSINESSES AND INDUSTRIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Leahann Brell Director | Trustee | 1 | $0 |
Gary Greer Director | Trustee | 1 | $0 |
Laura Robbins Director | Trustee | 1 | $0 |
Nikki Schwanz Director | Trustee | 1 | $0 |
John Fagot Director | Trustee | 1 | $0 |
Joe Pepplitsch Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $167,591 |
| Investment income | $1,673 |
| 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 | $324,863 |
| Statement of Expenses | |
|---|---|
| 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. | $76,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $84,900 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $23,481 |
| Payroll taxes | $16,665 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,375 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $6,480 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $11,807 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,788 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $31,558 |
| Insurance | $3,564 |
| All other expenses | $0 |
| Total functional expenses | $334,022 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $54,374 |
| Savings and temporary cash investments | $131,030 |
| 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 | $2,082 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,003,593 |
| Accounts payable and accrued expenses | $25,617 |
| 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 | $206,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $231,617 |
| Net assets without donor restrictions | $771,976 |
| 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 |
| Total liabilities and net assets/fund balances | $771,976 |