Grow Nebraska Inc
- Assets
- $663.3k
- Revenue
- $847.6k
- Investments
- $0.0
- Employees
- 13
- Location
- Kearney, NE
- Founding
- 09/1993
- Data as of
- 12/2022
- EIN
- 47-0764457
Organization Overview
Grow Nebraska Inc is located in Kearney, NE. The organization was established in 1993. According to its NTEE Classification (A30) the organization is classified as: Media & Communications, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2022, Grow Nebraska Inc employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Grow Nebraska Inc 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 12/2022, Grow Nebraska Inc generated $847.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.0% each year. All expenses for the organization totaled $847.4k during the year ending 12/2022. While expenses have increased by 4.8% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION'S MISSION IS TO CREATE SUSTAINABLE ECONOMIC DEVELOPMENT BY SUPPORTING ENTREPRENEURS AND SMALL BUSINESSES THROUGH PROMOTION, MARKET ACCESS, AND EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDES EDUCATION, TRAINING AND SUPPORT TO INDIVIDUALS AND MICROBUSINESSES IN MARKETING THEIR PRODUCTS AND SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Janell Anderson Ehrke CEO | Officer | 40 | $90,000 |
Kevin Black Director | Trustee | 2 | $0 |
Kristi Gargan Vice Preside | OfficerTrustee | 2 | $0 |
Kent Grisham President | OfficerTrustee | 2 | $0 |
Mary Hurst Director | Trustee | 2 | $0 |
Richard Johnson Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $69,977 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $280,916 |
| All other contributions, gifts, grants, and similar amounts not included above | $71,600 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $422,493 |
| Total Program Service Revenue | $407,892 |
| Investment income | $0 |
| 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 | $847,573 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $9,788 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $90,000 |
| Compensation of current officers, directors, key employees. | $2,250 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $269,922 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $26,706 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $47,535 |
| Advertising and promotion | $100 |
| Office expenses | $157,378 |
| Information technology | $47,721 |
| Royalties | $0 |
| Occupancy | $72,360 |
| Travel | $25,132 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $10,714 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $5,940 |
| All other expenses | $3,739 |
| Total functional expenses | $847,439 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $77,075 |
| Savings and temporary cash investments | $154,795 |
| Pledges and grants receivable | $75,487 |
| Accounts receivable, net | $106,207 |
| 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 | $1,070 |
| Net Land, buildings, and equipment | $80,659 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $167,986 |
| Other assets | $0 |
| Total assets | $663,279 |
| Accounts payable and accrued expenses | $152,281 |
| Grants payable | $0 |
| Deferred revenue | $28,105 |
| 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 | $210,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $173,462 |
| Total liabilities | $563,848 |
| Net assets without donor restrictions | $99,431 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $663,279 |