Southwest Nebraska Community Betterment Corporation
- Assets
- $1.9m
- Revenue
- $508.4k
- Investments
- $0.0
- Employees
- 3
- Location
- Grant, NE
- Founding
- 12/1999
- Data as of
- 12/2023
- EIN
- 47-0823875
Organization Overview
Southwest Nebraska Community Betterment Corporation is located in Grant, NE. The organization was established in 1999. According to its NTEE Classification (P40) the organization is classified as: Family Services, under the broad grouping of Human Services and related organizations. As of 12/2023, Southwest Nebraska Community Betterment Corporation employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Southwest Nebraska Community Betterment Corporation 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, Southwest Nebraska Community Betterment Corporation generated $508.4k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 4.4% each year. All expenses for the organization totaled $341.3k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Southwest Nebraska Community Betterment Corporation has awarded 30 individual grants totaling $1,509,228. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
CREATE FUNDING OPPORTUNITIES TO IMPROVE HOUSING AND OPEN DOORS FOR COMMUNITY AND ECONOMIC DEVELOPMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE AFFORDABLE HOUSING TO LOWER- TO MODERATE-INCOME FAMILIES AND INDIVIDUALS BY PROVIDING DOWNPAYMENT ASSISTANCE AND REHABILITATION OF DWELLINGS.
PROVIDE AFFORDABLE RENTAL HOUSING TO LOWER- TO MODERATE-INCOME FAMILIES AND INDIVIDUALS.
PROVIDE AFFORDABLE HOUSING TO LOWER- TO MODERATE-INCOME FAMILIES THROUGH THE CONSTRUCTION OF NEW HOMES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Megan Spargo Director | Trustee | 5 | $0 |
Rhonda Ridlen Director | Trustee | 5 | $0 |
Kelly Dyer Director | Trustee | 5 | $0 |
Wendy Mckain Director | Trustee | 5 | $0 |
Craig Softley Director | Trustee | 5 | $0 |
Jayson Bishop Vice President | Officer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $571,879 |
| All other contributions, gifts, grants, and similar amounts not included above | $11,091 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $582,970 |
| Total Program Service Revenue | $44,399 |
| Investment income | $840 |
| 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 | -$123,853 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $508,440 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $150,479 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $67,273 |
| Compensation of current officers, directors, key employees. | $8,073 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $38,565 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $8,005 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $730 |
| Fees for services: Accounting | $9,680 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $430 |
| Office expenses | $1,365 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $4,778 |
| Travel | $0 |
| 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 | $24,053 |
| Insurance | $0 |
| All other expenses | $5,376 |
| Total functional expenses | $341,321 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $358,019 |
| 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 | $953,753 |
| Inventories for sale or use | $301,242 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $251,936 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $13,726 |
| Total assets | $1,878,676 |
| Accounts payable and accrued expenses | $3,883 |
| 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 | $18,952 |
| Total liabilities | $22,835 |
| Net assets without donor restrictions | $1,804,024 |
| Net assets with donor restrictions | $51,817 |
| 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 | $1,878,676 |
Grants Awarded
Over the last fiscal year, Southwest Nebraska Community Betterment Corporation has awarded $47,444 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
VILLAGE OF BENKELMAN PURPOSE: REHABILITATION OF AREA HOMES | $35,515 |
VILLAGE OF WAUNETA PURPOSE: REHABILITATION OF AREA HOMES | $11,929 |