Civic Intelligence

Sherman County Economic Development Inc.

990 • Fiscal year 2021 • EIN 26-4618722

Oct 01, 2020 to Sep 30, 2021 • Filed on Dec 14, 2021

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

75th percentile

0.22x

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

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Liabilities / Revenue

93rd percentile

1.68x

Higher debt load relative to revenue than 93% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Net Margin

8th percentile

-35%

Higher net margin than 8% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Top Officer Pay

52nd percentile

$0

Higher top officer pay than 52% of similar nonprofits.

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

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Asset Growth

50th percentile

9.3%

Faster asset growth than 50% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Revenue Growth

44th percentile

7.3%

Faster revenue growth than 44% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets75th percentile

Assets

Up

$981,892

Up $83,763 (+9.3%) from 2020

Net Assets

Down

$767,735

Down $44,530 (-5.5%) from 2020

Liabilities

Up

$214,157

Up $128,293 (+149%) from 2020

Revenue And Expenses
Liabilities / Revenue93rd percentileNet Margin8th percentile

Revenue

Up

$127,604

Up $8,629 (+7.3%) from 2020

Expenses

Up

$172,134

Up $23,953 (+16%) from 2020

Net Income

Down

-$44,530

Down $15,324 (-52%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth50th 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

2021

Assets$981,892
Liabilities$214,157
Net Assets$767,735
Open 2021 Filing

Operations Trend

Revenue Growth44th 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

2021

Revenue$127,604
Expenses$172,134
Net Income-$44,530
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2020 to Sep 30, 2021
Signed
Dec 14, 2021
Return Version
2020v4.0
Gross Receipts
$127,604
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
Land, Buildings, and Equipment, Net$791,645$761,255▼ $30,390
Cash and Non-Interest-Bearing Accounts$102,603$54,655▼ $47,948
Accounts Receivable$2,881--
Total Assets$898,129$981,892▲ $83,763
Other Assets Total$1,000$165,982▲ $164,982
Liabilities
Other Liabilities$85,864$214,157▲ $128,293
Total Liabilities$85,864$214,157▲ $128,293
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$750,893$708,630▼ $42,263
Net Assets With Donor Restrictions$61,372$59,105▼ $2,267
Total Net Assets Fund Balance$812,265$767,735▼ $44,530
Total Liabilities and Net Assets / Fund Balance$898,129$981,892▲ $83,763

Asset Categories

AssetBook ValueDepreciationBasis
Land$96,686-$96,686
Other Assets Org$8,816--
Compensation and Service Providers
Top Officer Pay52nd percentile

Board Members and Trustees

NameTitle
Kyle KowalskiBoard Member
Tom BandurBoard Member
Clayton SuckstorfSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$96,449
Program Service Revenue
$31,152
Investment Income
$3
Other Revenue
$0
All Other Contributions
$11,241
Change in Net Assets
$-44,530
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$113,586
Salaries, Compensation, and Employee Benefits$58,548
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$50,192--$50,192
Depreciation Depletion$38,877--$38,877
Occupancy$31,655--$31,655
Interest$5,732--$5,732
Advertising$5,000--$5,000
Fees for Services Management$4,657--$4,657
Other Employee Benefits$4,460--$4,460
Fees for Services Other$4,152--$4,152
Payroll Taxes$3,896--$3,896
Office Expenses$3,552--$3,552
Fees for Services Accounting$3,200--$3,200
Insurance$2,394--$2,394
Travel$1,093--$1,093
All Other Expenses$952--$952
Other Expenses$893--$893
Total Functional Expenses$172,134$0$0$172,134
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$151,636
Note Payable-building$59,105
Rental Deposits$2,940
Payroll Liabilities$476
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
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 47554 790th rd loup city, ne 68853 tom bandur 210 n 1st street loup city, ne 68853 clayton suckstorf 326 n street loup city, ne 68853 amy kotas po box 4 loup city, ne 68853”

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

“The board of directors and director reviews the tax return before filing.”

Form 990, Page 6, Part VI, Line 19

“Documents are available for the public to review at the business office.”

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
Everette Butzine
Title
Director
Phone
3087450430
Signed
2021-12-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Everette Butzine
Formed
2012
Legal Domicile
Ne
Voting Board Members
5
Independent Board Members
5
Employees
1
Volunteers
5

Preparer

Firm
Jennifer Smydra CPA LLC
Address
PO BOX 142, SAINT PAUL, NE 68873
Preparer
Jennifer Smydra CPA
Phone
3087507398
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4D

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

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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/ExplanationTxt0TO PROVIDE ECONOMIC DEVELOPMENT OPPORTUNITIES WITHIN SHERMAN COUNTY, NEBRASKA IN ORDER TO INCREASE HOUSING, BUSINESS GROWTH, AND POPULATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1KYLE KOWALSKI 47554 790TH RD LOUP CITY, NE 68853 TOM BANDUR 210 N 1ST STREET LOUP CITY, NE 68853 CLAYTON SUCKSTORF 326 N STREET LOUP CITY, NE 68853 AMY KOTAS PO BOX 4 LOUP CITY, NE 68853
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD OF DIRECTORS AND DIRECTOR REVIEWS THE TAX RETURN BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DOCUMENTS ARE AVAILABLE FOR THE PUBLIC TO REVIEW AT THE BUSINESS OFFICE.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 2, PART III, LINE 4D
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalContributionsAmt096449
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
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IRS990/TotalFunctionalExpensesGrp/TotalAmt0172134
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ReturnHeader/BuildTS02022-09-23 18:48:47Z
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ReturnHeader/PreparerPersonGrp/PreparationDt02021-12-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JENNIFER SMYDRA CPA
ReturnHeader/ReturnTs02021-12-16T12:02:21-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0EVERETT
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ReturnHeader/TaxPeriodBeginDt02020-10-01
ReturnHeader/TaxPeriodEndDt02021-09-30
ReturnHeader/TaxYr02020

Document Assets

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$981,892
Liabilities
$214,157
Net assets
$767,735
Revenue
$127,604
Expenses
$172,134
Net income
-$44,530
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