Phelps County Development Corporation
- Assets
- $2.9m
- Revenue
- $873.3k
- Investments
- $0.0
- Employees
- 4
- Location
- Holdrege, NE
- Founding
- 03/1999
- Data as of
- 12/2020
- EIN
- 47-0814669
Organization Overview
Phelps County Development Corporation is located in Holdrege, NE. The organization was established in 1999. 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. As of 12/2020, Phelps County Development Corporation employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Phelps County 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 12/2020, Phelps County Development Corporation generated $873.3k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 7.1% each year. All expenses for the organization totaled $1.0m during the year ending 12/2020. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
ECONOMIC DEVELOPMENT IN PHELPS COUNTY, NEBRASKA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ENCOURAGE BUSINESS RETENTION AND PROMOTE ECONOMIC DEVELOPMENT WHILE PRESERVING THE QUALITY OF LIFE IN PHELPS COUNTY, NEBRASKA
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
J Michele High Treasurer | OfficerTrustee | 1 | $0 |
Phil Hinrichs Vice President | OfficerTrustee | 1 | $0 |
Reed Mcclymont President | OfficerTrustee | 1 | $0 |
Dane Jensen Ex-Officio Member | Trustee | 0.5 | $0 |
Bob Rager Ex-Officio Member | Trustee | 0.5 | $0 |
Grant Ericksen Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| 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 | $0 |
| Total Program Service Revenue | $842,753 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $12,749 |
| Royalties | $0 |
| Net Rental Income | $17,788 |
| 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 | $873,290 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $192,279 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $15,100 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $200 |
| Fees for services: Accounting | $6,120 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $75,000 |
| Advertising and promotion | $7,489 |
| Office expenses | $4,076 |
| Information technology | $4,592 |
| Royalties | $0 |
| Occupancy | $3,947 |
| Travel | $617 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $10,342 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,494 |
| Insurance | $3,717 |
| All other expenses | $1,852 |
| Total functional expenses | $1,000,782 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $438,334 |
| Savings and temporary cash investments | $288,134 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $13,010 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $447,755 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,670,283 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,500 |
| Total assets | $2,861,016 |
| Accounts payable and accrued expenses | $15,627 |
| Grants payable | $21,518 |
| Deferred revenue | $61,650 |
| 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 | $425,579 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $524,374 |
| Net assets without donor restrictions | $2,336,642 |
| 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 | $2,861,016 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Phelps County Development Corporation has recieved totaling $4,100.
| Awarding Organization | Amount |
|---|---|
Central Federal Community Foundation Rolla, MO PURPOSE: GENERAL CONTRIBUTION | $4,100 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Vocational Development Center Inc Council Bluffs, IA | $12,984,673 | $16,204,305 |
Southern Iowa Economic Development Association Ottumwa, IA | $4,848,905 | $15,262,424 |
St Louis Economic Development Partnership Saint Louis, MO | $27,235,860 | $13,883,018 |
Convention & Visitors Bureau Of Greater Kansas City Kansas City, MO | $12,878,337 | $11,432,355 |
Explore Branson Tourism Branson, MO | $1,396,845 | $7,616,014 |
Region 10 League For Economic Assistance & Planning Inc Montrose, CO | $16,331,779 | $8,034,942 |
Wichita Convention & Tourism Bureau Wichita, KS | $3,697,930 | $5,439,635 |
South Central Kansas Economic Development District Inc Sckedd Bel Aire, KS | $6,963,572 | $7,360,259 |
Omaha Economic Development Corp Omaha, NE | $18,549,776 | $6,962,293 |
Economic Development Corporation Of Kansas City Missouri Kansas City, MO | $4,885,634 | $3,918,676 |
Grow South Dakota Sisseton, SD | $70,205,734 | $6,159,440 |
Entrepreneur Startup Business Development Corporation St Louis, MO | $30,546,182 | $5,633,965 |