Civic Intelligence

Industry Development Fund

990 • Fiscal year 2020 • EIN 23-7315360

Jan 01, 2020 to Dec 31, 2020 • Filed on Jun 16, 2021

Organization ProfileWWW.MCA-OMAHA.ORG
7561 Main Street No 408Omaha, NE 68127

(402) 592-3330

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

69th percentile

0.05x

Higher debt load relative to assets than 69% of similar nonprofits.

2020 filings • 501(c)5 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

75th percentile

0.11x

Higher debt load relative to revenue than 75% of similar nonprofits.

2020 filings • 501(c)5 • $1M-$5M nonprofits • Source year 2020

Net Margin

92nd percentile

37%

Higher net margin than 92% of similar nonprofits.

2020 filings • 501(c)5 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2020

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2020

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2020

Balance Sheet
Liabilities / Assets69th percentile

Assets

$2,063,453

No earlier filing loaded for comparison.

Net Assets

$1,950,201

No earlier filing loaded for comparison.

Liabilities

$113,252

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue75th percentileNet Margin92nd percentile

Revenue

$1,021,479

No earlier filing loaded for comparison.

Expenses

$643,972

No earlier filing loaded for comparison.

Net Income

$377,507

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$4.0M$3.0M$2.0M$1.0M$0Assets 2020: $2,063,453Liabilities 2020: $113,252Net Assets 2020: $1,950,2012020Assets 2021: $2,025,506Liabilities 2021: $181,652Net Assets 2021: $1,843,8542021Assets 2022: $2,353,567Liabilities 2022: $308,029Net Assets 2022: $2,045,5382022Assets 2023: $2,862,357Liabilities 2023: $357,367Net Assets 2023: $2,504,9902023Assets 2024: $3,215,738Liabilities 2024: $268,846Net Assets 2024: $2,946,8922024

Highlighted filing

2020

Assets$2,063,453
Liabilities$113,252
Net Assets$1,950,201
Open 2020 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.5M$1.0M$500K$0-$500KRevenue 2020: $1,021,479Expenses 2020: $643,972Net Income 2020: $377,5072020Revenue 2021: $1,108,624Expenses 2021: $1,243,667Net Income 2021: -$135,0432021Revenue 2022: $1,179,329Expenses 2022: $873,473Net Income 2022: $305,8562022Revenue 2023: $1,415,269Expenses 2023: $947,698Net Income 2023: $467,5712023Revenue 2024: $1,435,266Expenses 2024: $993,364Net Income 2024: $441,9022024

Highlighted filing

2020

Revenue$1,021,479
Expenses$643,972
Net Income$377,507
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Jun 16, 2021
Return Version
2020v4.1
Gross Receipts
$1,765,282
Mission and Program Overview

Mission

NONE

Promoting the mechanical contracting industry.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$651,120$973,187▲ $322,067
Investments in Publicly Traded Securities$274,147$297,678▲ $23,531
Accounts Receivable$83,664$87,653▲ $3,989
Prepaid Expenses and Deferred Charges$56,186$51,874▼ $4,312
Cash and Non-Interest-Bearing Accounts$200$200→ $0
Total Assets$1,658,773$2,063,453▲ $404,680
Other Assets Total$593,456$652,861▲ $59,405
Liabilities
Accounts Payable and Accrued Expenses$128,323$113,252▼ $15,071
Total Liabilities$128,323$113,252▼ $15,071
Net Assets / Fund Balance
Net Assets With Donor Restrictions$1,530,450$1,950,201▲ $419,751
Total Net Assets Fund Balance$1,530,450$1,950,201▲ $419,751
Total Liabilities and Net Assets / Fund Balance$1,658,773$2,063,453▲ $404,680

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$54--
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseTotal
Kelsey JohnsonExecutive DirectorFT$64,025$64,025

Board Members and Trustees

NameTitle
Alex JamborTrustee
Brian PrinceTrustee
Chad WestphalenTrustee
Dennis EdenTrustee
John HillebrandtTrustee
Pat KealyTrustee
Ron BraselTrustee
Steve BenaTrustee
Tom McneilTrustee
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$998,168
Investment Income
$23,311
Other Revenue
$0
Change in Net Assets
$377,507

Audited Revenue Reconciliation

Revenue per Audited Statements
$998,834
Revenue Not Reported on Financial Statements
$22,645
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$22,645
Total Revenue per Audited Statements
$998,834
Total Revenue per Form 990
$1,021,479
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$538,284
Salaries, Compensation, and Employee Benefits$105,688
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees---$92,625
All Other Expenses---$30,471
Conferences and Meetings---$23,692
Other Expenses---$15,932
Occupancy---$8,250
Payroll Taxes---$7,140
Pension Plan Contributions---$5,923
Fees for Services Other---$3,700
Office Expenses---$3,103
Insurance---$3,015
Fees for Services Accounting---$2,500
Advertising---$1,539
Total Functional Expenses$0$0$0$643,972

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$643,972
Expenses per Audited Statements$633,370
Total Expenses per Audited Statements$633,370
Expenses Not Reported on Financial Statements$10,602
Other Expense Adjustments$10,602
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“Executive committee review and approval”

Form 990, Part VI, Section B, Line 15

“The annual salaries for the organization are determined and approved each year by the board of directors.”

Form 990, Part VI, Section C, Line 19

“AVAILABLE UPON REQUEST”

Filing and Contact Details

Filer

Filer Name
Industry Development Fund
EIN
23-7315360
Phone
4025923330
Address
7561 MAIN STREET NO 408, OMAHA, NE 68127

Signing Officer

Name
Kelsey Johnson
Title
Executive Vice-president
Phone
4025923330
Signed
2021-06-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kelsey Johnson
Formed
1970
Legal Domicile
Ne
Voting Board Members
9
Independent Board Members
9
Employees
0
Volunteers
0

Preparer

Firm
Awerkamp Goodnight Schwaller & Nelson
Address
17007 MARCY ST STE 1, OMAHA, NE 68118-3122
Preparer
John Pribramsky
Phone
4023349011
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

“The process has not changed from prior years.”

Financial Statement Notes

PART X, LINE 2:

“The association has adopted the provisions of fasb acs 740-10-50, effective january 1, 2009. The association's income tax returns for 2017 through 2020 are subject to audit by the internal revenue service. The association believes it has filed income tax returns in all required jurisdictions and has not engaged in any activity that would jeapordize its tax exempt status. In the event of an income tax examination by the internal revenue service, any adjustments would be charged to income tax expense.”

PART XI, LINE 4B - OTHER ADJUSTMENTS:

“Realized gain on investments 10,088. Dividend income 12,557.”

PART XII, LINE 4B - OTHER ADJUSTMENTS:

“Investment expenses 10,602.”

Raw XML Appendix359 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ASSOCIATION HAS ADOPTED THE PROVISIONS OF FASB ACS 740-10-50, EFFECTIVE JANUARY 1, 2009. THE ASSOCIATION'S INCOME TAX RETURNS FOR 2017 THROUGH 2020 ARE SUBJECT TO AUDIT BY THE INTERNAL REVENUE SERVICE. THE ASSOCIATION BELIEVES IT HAS FILED INCOME TAX RETURNS IN ALL REQUIRED JURISDICTIONS AND HAS NOT ENGAGED IN ANY ACTIVITY THAT WOULD JEAPORDIZE ITS TAX EXEMPT STATUS. IN THE EVENT OF AN INCOME TAX EXAMINATION BY THE INTERNAL REVENUE SERVICE, ANY ADJUSTMENTS WOULD BE CHARGED TO INCOME TAX EXPENSE.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1REALIZED GAIN ON INVESTMENTS 10,088. DIVIDEND INCOME 12,557.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2INVESTMENT EXPENSES 10,602.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XII, LINE 4B - OTHER ADJUSTMENTS:
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXECUTIVE COMMITTEE REVIEW AND APPROVAL
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ANNUAL SALARIES FOR THE ORGANIZATION ARE DETERMINED AND APPROVED EACH YEAR BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2AVAILABLE UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE PROCESS HAS NOT CHANGED FROM PRIOR YEARS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART XII, LINE 2C:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0NE
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01658773
IRS990/TotalAssetsEOYAmt02063453
IRS990/TotalAssetsGrp/BOYAmt01658773
IRS990/TotalAssetsGrp/EOYAmt02063453
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0643972
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0128323
IRS990/TotalLiabilitiesEOYAmt0113252
IRS990/TotalLiabilitiesGrp/BOYAmt0128323
IRS990/TotalLiabilitiesGrp/EOYAmt0113252
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01530450
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01950201
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceRevenueAmt0998168
IRS990/TotalReportableCompFromOrgAmt064025
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01021479
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01021479
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01658773
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02063453
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt07561 MAIN STREET NO 408
IRS990/USAddress/CityNm0OMAHA
IRS990/USAddress/StateAbbreviationCd0NE
IRS990/USAddress/ZIPCd068127
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0WWW.MCA-OMAHA.ORG
IRS990/WhistleblowerPolicyInd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0KELSEY JOHNSON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE VICE-PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum04025923330
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-06-16
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0INDUSTRY DEVELOPMENT FUND
ReturnHeader/Filer/BusinessNameControlTxt0INDU
ReturnHeader/Filer/EIN0237315360
ReturnHeader/Filer/PhoneNum04025923330
ReturnHeader/Filer/USAddress/AddressLine1Txt07561 MAIN STREET NO 408
ReturnHeader/Filer/USAddress/CityNm0OMAHA
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NE
ReturnHeader/Filer/USAddress/ZIPCd068127
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0470696474
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0AWERKAMP GOODNIGHT SCHWALLER & NELSON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt017007 MARCY ST STE 1
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0OMAHA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0681183122
ReturnHeader/PreparerPersonGrp/PhoneNum04023349011
ReturnHeader/PreparerPersonGrp/PreparationDt02021-06-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JOHN PRIBRAMSKY
ReturnHeader/ReturnTs02021-08-03T14:12:50-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0KELSEY
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0JOHNSON
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,063,453
Liabilities
$113,252
Net assets
$1,950,201
Revenue
$1,021,479
Expenses
$643,972
Net income
$377,507
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$3.22$0.27$2.95$1.44$0.99$0.44
2023Detailed filing. Detailed filing data is available for this year.$2.86$0.36$2.50$1.42$0.95$0.47
2022Detailed filing. Detailed filing data is available for this year.$2.35$0.31$2.05$1.18$0.87$0.31
2021Detailed filing. Detailed filing data is available for this year.$2.03$0.18$1.84$1.11$1.24$0.14
2020Detailed filing. Detailed filing data is available for this year.$2.06$0.11$1.95$1.02$0.64$0.38