Civic Intelligence

Industry Development Fund

990 • Fiscal year 2022 • EIN 23-7315360

Jan 01, 2022 to Dec 31, 2022 • Filed on Nov 13, 2023

Organization ProfileWWW.MCA-OMAHA.ORG
7561 Main Street 408Omaha, NE 68127

(402) 592-3330

Siviq Scores

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

Liabilities / Assets

82nd percentile

0.13x

Higher debt load relative to assets than 82% of similar nonprofits.

2022 filings • 501(c)5 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

87th percentile

0.26x

Higher debt load relative to revenue than 87% of similar nonprofits.

2022 filings • 501(c)5 • $1M-$5M nonprofits • Source year 2022

Net Margin

84th percentile

26%

Higher net margin than 84% of similar nonprofits.

2022 filings • 501(c)5 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

41st percentile

$64,052

Higher top officer pay than 41% of similar nonprofits.

Top officer pay equals 5.4% of source-year revenue.

2022 filings • 501(c)5 • $1M-$5M nonprofits • Source year 2022

Asset Growth

83rd percentile

16%

Faster asset growth than 83% of similar nonprofits.

2022 filings • 501(c)5 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

62nd percentile

6.4%

Faster revenue growth than 62% of similar nonprofits.

2022 filings • 501(c)5 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets82nd percentile

Assets

Up

$2,353,567

Up $328,061 (+16%) from 2021

Net Assets

Up

$2,045,538

Up $201,684 (+11%) from 2021

Liabilities

Up

$308,029

Up $126,377 (+70%) from 2021

Revenue And Expenses
Liabilities / Revenue87th percentileNet Margin84th percentile

Revenue

Up

$1,179,329

Up $70,705 (+6.4%) from 2021

Expenses

Down

$873,473

Down $370,194 (-30%) from 2021

Net Income

Up

$305,856

Up $440,899 (+326%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth83rd percentile

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

2022

Assets$2,353,567
Liabilities$308,029
Net Assets$2,045,538
Open 2022 Filing

Operations Trend

Revenue Growth62nd percentile

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

2022

Revenue$1,179,329
Expenses$873,473
Net Income$305,856
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 13, 2023
Return Version
2022v5.0
Gross Receipts
$2,196,344
Mission and Program Overview

Mission

NONE

Promoting the mechanical contracting industry.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$805,450$1,052,020▲ $246,570
Investments in Publicly Traded Securities$347,153$318,090▼ $29,063
Accounts Receivable$95,757$108,049▲ $12,292
Prepaid Expenses and Deferred Charges$43,917$22,789▼ $21,128
Cash and Non-Interest-Bearing Accounts$200$200→ $0
Total Assets$2,025,506$2,353,567▲ $328,061
Other Assets Total$733,029$852,419▲ $119,390
Liabilities
Mortgage Notes Payable Secured by Investment Property-$156,300-
Accounts Payable and Accrued Expenses$181,652$151,729▼ $29,923
Total Liabilities$181,652$308,029▲ $126,377
Net Assets / Fund Balance
Net Assets With Donor Restrictions$1,843,854$2,045,538▲ $201,684
Total Net Assets Fund Balance$1,843,854$2,045,538▲ $201,684
Total Liabilities and Net Assets / Fund Balance$2,025,506$2,353,567▲ $328,061

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$149,992--
Compensation and Service Providers
Top Officer Pay41st percentile

Employees

NameTitleFull / Part TimeBaseTotal
Kelsey JohnsonExecutive DirectorFT$64,052$64,052

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
$1,166,029
Investment Income
$13,300
Other Revenue
$0
Change in Net Assets
$305,856

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,169,235
Revenue Not Reported on Financial Statements
$10,094
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$10,094
Total Revenue per Audited Statements
$1,169,235
Total Revenue per Form 990
$1,179,329
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$760,847
Salaries, Compensation, and Employee Benefits$112,626
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---$98,625
Conferences and Meetings---$88,635
All Other Expenses---$43,828
Other Expenses---$27,092
Occupancy---$22,299
Payroll Taxes---$7,596
Pension Plan Contributions---$6,405
Office Expenses---$6,039
Fees for Services Other---$5,686
Insurance---$3,378
Fees for Services Accounting---$2,385
Total Functional Expenses$0$0$0$873,473

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$873,473
Expenses per Audited Statements$861,466
Total Expenses per Audited Statements$861,466
Expenses Not Reported on Financial Statements$12,007
Other Expense Adjustments$12,007
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
Audit committee
Yes
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
Yes
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 408, OMAHA, NE 68127

Signing Officer

Name
Kelsey Johnson
Title
Executive Vice-president
Phone
4025923330
Signed
2023-11-13
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
16910 MARCY STREET SUITE 103, OMAHA, NE 68118-2707
Preparer
Stephen M Drucker
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. The association's income tax returns for 2020 through 2022 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 loss on investments -4,156. Dividend income 14,250.”

PART XII, LINE 4B - OTHER ADJUSTMENTS:

“Investment expenses 12,007.”

Raw XML Appendix364 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. THE ASSOCIATION'S INCOME TAX RETURNS FOR 2020 THROUGH 2022 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 LOSS ON INVESTMENTS -4,156. DIVIDEND INCOME 14,250.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2INVESTMENT EXPENSES 12,007.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XII, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0852419
IRS990ScheduleD/TotalExpensesPerForm990Amt0873473
IRS990ScheduleD/TotalRevenuePerForm990Amt01179329
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01169235
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0861466
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
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/TotalAssetsBOYAmt02025506
IRS990/TotalAssetsEOYAmt02353567
IRS990/TotalAssetsGrp/BOYAmt02025506
IRS990/TotalAssetsGrp/EOYAmt02353567
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0873473
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0181652
IRS990/TotalLiabilitiesEOYAmt0308029
IRS990/TotalLiabilitiesGrp/BOYAmt0181652
IRS990/TotalLiabilitiesGrp/EOYAmt0308029
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01843854
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02045538
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceRevenueAmt01166029
IRS990/TotalReportableCompFromOrgAmt064052
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01179329
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01179329
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02025506
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02353567
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt07561 MAIN STREET 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/TrustedCustomerCd02
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0KELSEY JOHNSON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE VICE-PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum04025923330
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-11-13
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0INDUSTRY DEVELOPMENT FUND
ReturnHeader/Filer/BusinessNameControlTxt0INDU
ReturnHeader/Filer/EIN0237315360
ReturnHeader/Filer/PhoneNum04025923330
ReturnHeader/Filer/USAddress/AddressLine1Txt07561 MAIN STREET 408
ReturnHeader/Filer/USAddress/CityNm0OMAHA
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NE
ReturnHeader/Filer/USAddress/ZIPCd068127
ReturnHeader/IRSResponsiblePrtyInfoCurrInd00
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0470696474
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0AWERKAMP GOODNIGHT SCHWALLER & NELSON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt016910 MARCY STREET SUITE 103
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0OMAHA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0681182707
ReturnHeader/PreparerPersonGrp/PhoneNum04023349011
ReturnHeader/PreparerPersonGrp/PreparationDt02023-11-13
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0STEPHEN M DRUCKER
ReturnHeader/ReturnTs02023-11-14T08:32:18-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0KELSEY
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0JOHNSON
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

Document Assets

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,353,567
Liabilities
$308,029
Net assets
$2,045,538
Revenue
$1,179,329
Expenses
$873,473
Net income
$305,856
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