Lindsay Area Development
- Assets
- $294.9k
- Revenue
- $245.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Lindsay, NE
- Founding
- 09/2017
- Data as of
- 12/2022
- EIN
- 82-1539424
Organization Overview
Lindsay Area Development is located in Lindsay, NE. The organization was established in 2017. According to its NTEE Classification (S32) the organization is classified as: Rural 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. Lindsay Area Development 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, Lindsay Area Development generated $245.1k in total revenue. All expenses for the organization totaled $81.0k during the year ending 12/2022.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
IMPROVE AND MAINTAIN THE STRENGTH OF THE COMMUNITY SCHOOL AND PARISH OF THE VILLAGE OF LINDSAY THROUGH A VARIETY OF EVENTS PROJECT AND INVESTMENTS THAT PROVIDE FINANCIAL ASSISTANCE TO BENEFIT THE ECONOMY COMMUNITY SCHOOL AND OR PARISH OF LINDSAY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ANNUAL 2-DAY COMMUNITY CELEBRATION THAT FOCUSES ON FAMILY-CENTERED EVENTS AND ATTRACTIONS. THIS EVENT IS WHERE CURRENT PROJECTS ARE HIGHLIGHTED AND THE COMMUNITY CAN PROVIDE FREE-WILL DONATIONS TO SUPPORT THE VARIOUS PROJECTS AND WORKS BEING COMPLETED BY LINDSAY AREA DEVELOPMENT.
A "SHOP LOCAL" INITIATVIE THAT CERTIFICATES COULD BE PURCHASED THAT COULD BE USED AT ANY LOCAL BUSINESS. LINDSAY AREA DEVELOPMENT WOULD CONTRIBUTE $10 TO EACH INCREMENT OF $50 PURCHASED TO PROVIDE MORE LOCAL SUPPORT TO ECONOMY AND BUSINESSES OVER THE HOLIDAY SEASON.
END-OF-SCHOOL YEAR EVENT FOR COMMUNITY TO CELEBRATE THE START OF SUMMER. HELD ON THE LAST DAY OF ELEMENTARY SCHOOL. EVERYONE IS INVITED TO PARTICIPATE TO DECORATE BIKES SCOOTERS ETC AND DRIVE AROUND THE COMMUNITY. THIS HAS BECOME A COMMUNITY STAPLE THE FIRE DEPARTMENT WILL SOUND THE SIRENS AND SENIOR RESIDENTS ENJOY SEEING THE KIDS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Micaela A O Wegener President | Officer | 4 | $0 |
Amber Klassen Vice-President | Officer | 4 | $0 |
Jenny Korth Secretary Treasurer | Officer | 4 | $0 |
Aaron Reichmuth Director | Trustee | 2 | $0 |
Tim Wiese Director | Trustee | 2 | $0 |
Calvin Frisch Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $113,148 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $105,641 |
| Noncash contributions included in lines 1a–1f | $24,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $218,789 |
| Total Program Service Revenue | $0 |
| Investment income | $678 |
| 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 | $25,600 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $245,067 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $12,534 |
| Office expenses | $1,261 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $0 |
| Insurance | $1,752 |
| All other expenses | $3,200 |
| Total functional expenses | $80,955 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $294,854 |
| 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 | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $294,854 |
| Accounts payable and accrued expenses | $0 |
| 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 | $6,595 |
| Other liabilities | $0 |
| Total liabilities | $6,595 |
| Net assets without donor restrictions | $187,828 |
| Net assets with donor restrictions | $100,431 |
| 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 | $294,854 |