Civic Intelligence

Sherman County Economic Development Inc.

990 • Fiscal year 2015 • EIN 26-4618722

Jan 01, 2015 to Dec 31, 2015 • Filed on Jul 05, 2017

Organization ProfileWWW.SCEDINC.ORG
PO Box 428Loup City, NE 68853

(308) 745-5040

Siviq Scores

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

Liabilities / Assets

80th percentile

0.40x

Higher debt load relative to assets than 80% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Liabilities / Revenue

89th percentile

0.99x

Higher debt load relative to revenue than 89% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Net Margin

97th percentile

81%

Higher net margin than 97% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Top Officer Pay

49th percentile

$0

Higher top officer pay than 49% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Asset Growth

97th percentile

248%

Faster asset growth than 97% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2014 to 2015

Revenue Growth

99th percentile

593%

Faster revenue growth than 99% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets80th percentile

Assets

Up

$861,852

Up $613,887 (+248%) from 2014

Net Assets

Up

$515,777

Up $303,407 (+143%) from 2014

Liabilities

Up

$346,075

Up $310,480 (+872%) from 2014

Revenue And Expenses
Liabilities / Revenue89th percentileNet Margin97th percentile

Revenue

Up

$347,820

Up $297,595 (+593%) from 2014

Expenses

Up

$64,413

Up $5,145 (+8.7%) from 2014

Net Income

Up

$283,407

Up $292,450 (+3234%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth97th percentile

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

$3.0M$2.0M$1.0M$0Assets 2010: $118,543Net Assets 2010: $118,5432010Assets 2011: $135,442Net Assets 2011: $135,4422011Assets 2012: $197,293Liabilities 2012: $27,616Net Assets 2012: $169,6772012Assets 2013: $257,999Liabilities 2013: $36,586Net Assets 2013: $221,4132013Assets 2014: $247,965Liabilities 2014: $35,595Net Assets 2014: $212,3702014Assets 2015: $861,852Liabilities 2015: $346,075Net Assets 2015: $515,7772015Assets 2016: $950,260Liabilities 2016: $105,249Net Assets 2016: $845,0112016Assets 2017: $965,261Liabilities 2017: $92,349Net Assets 2017: $872,9122017Assets 2020: $898,129Liabilities 2020: $85,864Net Assets 2020: $812,2652020Assets 2021: $981,892Liabilities 2021: $214,157Net Assets 2021: $767,7352021Assets 2022: $1,455,026Liabilities 2022: $602,230Net Assets 2022: $852,7962022Assets 2023: $1,225,810Liabilities 2023: $352,370Net Assets 2023: $873,4402023Assets 2024: $1,629,110Liabilities 2024: $159,035Net Assets 2024: $1,470,0752024Assets 2025: $2,789,124Liabilities 2025: $103,659Net Assets 2025: $2,685,4652025

Highlighted filing

2015

Assets$861,852
Liabilities$346,075
Net Assets$515,777
Open 2015 Filing

Operations Trend

Revenue Growth99th percentile

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

$1.5M$1.0M$500K$0-$500KRevenue 2010: $69,330Expenses 2010: $54,078Net Income 2010: $15,2522010Revenue 2011: $80,787Expenses 2011: $63,888Net Income 2011: $16,8992011Revenue 2012: $100,996Expenses 2012: $66,761Net Income 2012: $34,2352012Revenue 2013: $111,098Expenses 2013: $59,362Net Income 2013: $51,7362013Revenue 2014: $50,225Expenses 2014: $59,268Net Income 2014: -$9,0432014Revenue 2015: $347,820Expenses 2015: $64,413Net Income 2015: $283,4072015Revenue 2016: $393,379Expenses 2016: $64,145Net Income 2016: $329,2342016Revenue 2017: $205,258Expenses 2017: $175,348Net Income 2017: $29,9102017Revenue 2020: $118,975Expenses 2020: $148,181Net Income 2020: -$29,2062020Revenue 2021: $127,604Expenses 2021: $172,134Net Income 2021: -$44,5302021Revenue 2022: $267,410Expenses 2022: $182,349Net Income 2022: $85,0612022Revenue 2023: $242,285Expenses 2023: $222,016Net Income 2023: $20,2692023Revenue 2024: $720,675Expenses 2024: $214,318Net Income 2024: $506,3572024Revenue 2025: $1,462,814Expenses 2025: $248,230Net Income 2025: $1,214,5842025

Highlighted filing

2015

Revenue$347,820
Expenses$64,413
Net Income$283,407
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Jul 5, 2017
Return Version
2015v3.0
Gross Receipts
$347,820
Mission and Program Overview

Mission

To provide economic development opportunities within sherman county, nebraska in order to increase housing, business growth, and population.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$167,642$121,589▼ $46,053
Land, Buildings, and Equipment, Net$70,323$70,323→ $0
Other Notes and Loans Receivable, Net-$45,000-
Total Assets$247,965$861,852▲ $613,887
Other Assets Total$10,000$624,940▲ $614,940
Liabilities
Other Liabilities$35,595$346,075▲ $310,480
Total Liabilities$35,595$346,075▲ $310,480
Net Assets / Fund Balance
Unrestricted Net Assets$212,370$515,777▲ $303,407
Total Net Assets Fund Balance$212,370$515,777▲ $303,407
Total Liabilities and Net Assets / Fund Balance$247,965$861,852▲ $613,887

Asset Categories

AssetBook ValueDepreciationBasis
Land$70,323-$70,323
Other Assets Org$10,000--
Compensation and Service Providers
Top Officer Pay49th percentile

Board Members and Trustees

NameTitle
Pat MaroneyPresident
Kyle KowalskiBoard Member
Dick HarringtonSecretary
Kevin GolusTreasurer
Tom BandurVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$346,820
Program Service Revenue
$0
Investment Income
$30
Other Revenue
$970
Change in Net Assets
$283,407
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$41,844
Other Expenses$22,569
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$25,142--$25,142
Fees for Services Other$22,569--$22,569
Other Salaries and Wages$9,719--$9,719
Payroll Taxes$6,983--$6,983
Total Functional Expenses$64,413$0$0$64,413
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
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Note Payable-construction$320,633
N/p to Lc Development Corp$24,563
Payroll Liabilities$879
N/p to Lc Development Corp-rbeg-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
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
No
Other officer compensation reviewed
No
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, Page 6, Part VI, Line 9

“Kyle kowalski 736 n 4th loup city, ne 68853 kevin golus 734 n 4th st loup city, ne 68853 tom bandur 210 n 1st street loup city, ne 68853 dick harrington 79660 476 ave loup city, ne 68853 pat maroney po box 428 loup city, ne 68853”

Form 990, Page 6, Part VI, Line 11B

“No review was or will be conducted.”

Form 990, Page 6, Part VI, Line 19

“No documents available to the public”

Filing and Contact Details

Filer

Filer Name
Sherman County Economic Development
EIN
26-4618722
Phone
3087455040
Address
PO BOX 428, LOUP CITY, NE 68853

Signing Officer

Name
Dawn Skibinski
Title
Director
Phone
3087450430
Signed
2017-07-05
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Pat Maroney
Formed
2012
Legal Domicile
Ne
Voting Board Members
5
Independent Board Members
5
Employees
2

Preparer

Firm
Schilling Nokes & Associates LLC
Address
518 E 7TH ST, HASTINGS, NE 68901-4511
Preparer
Jennifer L Smydra CPA
Phone
4024691771
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Marketing & advertising 1,029 0 0 utilities 332 0 0 dues & subscriptions 28 0 0 training & conferences 1,268 0 0 insurance 1,025 0 0 interest expense 2,922 0 0 repairs & maintenance 8,548 0 0 telephone 1,284 0 0 office expense 5,145 0 0 miscellaneous expense 988 0 0”

Form 990, Part XI, Line 9

“Prior year asset correction 20,000 total 20,000”

Raw XML Appendix308 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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0KYLE KOWALSKI 736 N 4TH LOUP CITY, NE 68853 KEVIN GOLUS 734 N 4TH ST LOUP CITY, NE 68853 TOM BANDUR 210 N 1ST STREET LOUP CITY, NE 68853 DICK HARRINGTON 79660 476 AVE LOUP CITY, NE 68853 PAT MARONEY PO BOX 428 LOUP CITY, NE 68853
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1NO REVIEW WAS OR WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2NO DOCUMENTS AVAILABLE TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3MARKETING & ADVERTISING 1,029 0 0 UTILITIES 332 0 0 DUES & SUBSCRIPTIONS 28 0 0 TRAINING & CONFERENCES 1,268 0 0 INSURANCE 1,025 0 0 INTEREST EXPENSE 2,922 0 0 REPAIRS & MAINTENANCE 8,548 0 0 TELEPHONE 1,284 0 0 OFFICE EXPENSE 5,145 0 0 MISCELLANEOUS EXPENSE 988 0 0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4PRIOR YEAR ASSET CORRECTION 20,000 TOTAL 20,000
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IRS990/TotalLiabilitiesBOYAmt035595
IRS990/TotalLiabilitiesEOYAmt0346075
IRS990/TotalLiabilitiesGrp/BOYAmt035595
IRS990/TotalLiabilitiesGrp/EOYAmt0346075
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0212370
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0515777
IRS990/TotalProgramServiceExpensesAmt064413
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01000
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0347820
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0247965
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0861852
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0212370
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0515777
IRS990/USAddress/AddressLine1Txt0PO BOX 428
IRS990/USAddress/CityNm0LOUP CITY
IRS990/USAddress/StateAbbreviationCd0NE
IRS990/USAddress/ZIPCd068853
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WhistleblowerPolicyInd0false
ReasonableCauseExplanation/ExplanationTxt0DUE TO A RESTRUCTURING OF EXISTING COOPERATIVE AGREEMENTS, SEVERE DISCREPANCIES WERE DISCOVERED IN THE BOOKKEEPING SYSTEM AND DOCUMENTATION FOR TRANSACTIONS WAS MISSING DUE TO RECORDS BEING KEPT BY OTHER AGENCIES. IT WAS OUR ASSUMPTION THAT THE BOOKKEEPER FOR THE OTHER AGENCIES WAS KEEPING ACCURATE AND COMPLETE DOCUMENTATION FOR ALL TRANSACTIONS FOR OUR ORGANIZATION. IN AN ATTEMPT TO CONSTRUCT ACCURATE BOOKKEEPING, CONTACTS WITHIN THE FEDERAL AND STATE GOVERNMENT FAILED TO PROVIDE TIMELY DOCUMENTS WHICH WERE REQUESTED SO THAT THE BOOKKEEPING COULD BE CORRECTED. A DIFFERENT ACCOUNTING SERVICE HAS BEEN RETAINED TO AVOID THIS ISSUE IN THE FUTURE. WE RESPECTFULLY REQUEST AND ABATEMENT OF FAILURE TO FILE PENALTIES PER REGS. SEC 301.6652-1(F). THIS REQUEST IS ALSO BEING ATTACHED IN A WRITTEN STATEMENT TO THE RETURN.
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0DAWN SKIBINSKI
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum03087450430
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-07-05
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SHERMAN COUNTY ECONOMIC DEVELOPMENT
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0INC
ReturnHeader/Filer/BusinessNameControlTxt0SHER
ReturnHeader/Filer/EIN0264618722
ReturnHeader/Filer/PhoneNum03087455040
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 428
ReturnHeader/Filer/USAddress/CityNm0LOUP CITY
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NE
ReturnHeader/Filer/USAddress/ZIPCd068853
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0475645054
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0SCHILLING NOKES & ASSOCIATES LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0518 E 7TH ST
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0HASTINGS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0689014511
ReturnHeader/PreparerPersonGrp/PhoneNum04024691771
ReturnHeader/PreparerPersonGrp/PreparationDt02017-07-05
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JENNIFER L SMYDRA CPA
ReturnHeader/ReturnTs02017-07-05T13:42:33-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-01-01
ReturnHeader/TaxPeriodEndDt02015-12-31
ReturnHeader/TaxYr02015

Document Assets

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Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$861,852
Liabilities
$346,075
Net assets
$515,777
Revenue
$347,820
Expenses
$64,413
Net income
$283,407
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.79$0.10$2.69$1.46$0.25$1.21
2024Detailed filing. Detailed filing data is available for this year.$1.63$0.16$1.47$0.72$0.21$0.51
2023Detailed filing. Detailed filing data is available for this year.$1.23$0.35$0.87$0.24$0.22$0.02
2022Detailed filing. Detailed filing data is available for this year.$1.46$0.60$0.85$0.27$0.18$0.09
2021Detailed filing. Detailed filing data is available for this year.$0.98$0.21$0.77$0.13$0.17$0.04
2020Detailed filing. Detailed filing data is available for this year.$0.90$0.09$0.81$0.12$0.15$0.03
2017Detailed filing. Detailed filing data is available for this year.$0.97$0.09$0.87$0.21$0.18$0.03
2016Detailed filing. Detailed filing data is available for this year.$0.95$0.11$0.85$0.39$0.06$0.33
2015Detailed filing. Detailed filing data is available for this year.$0.86$0.35$0.52$0.35$0.06$0.28
2014Detailed filing. Detailed filing data is available for this year.$0.25$0.04$0.21$0.05$0.06$0.01
2013Detailed filing. Detailed filing data is available for this year.$0.26$0.04$0.22$0.11$0.06$0.05
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.20$0.03$0.17$0.10$0.07$0.03
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.14$0.14$0.08$0.06$0.02
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.12$0.12$0.07$0.05$0.02