Civic Intelligence

Sherman County Economic Development Inc.

990 • Fiscal year 2022 • EIN 26-4618722

Oct 01, 2021 to Sep 30, 2022 • Filed on Dec 06, 2022

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

81st percentile

0.41x

Higher debt load relative to assets than 81% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

93rd percentile

2.25x

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

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

81st percentile

32%

Higher net margin than 81% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

39th percentile

$0

Higher top officer pay than 39% of similar nonprofits.

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

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Asset Growth

88th percentile

48%

Faster asset growth than 88% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

91st percentile

110%

Faster revenue growth than 91% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets81st percentile

Assets

Up

$1,455,026

Up $473,134 (+48%) from 2021

Net Assets

Up

$852,796

Up $85,061 (+11%) from 2021

Liabilities

Up

$602,230

Up $388,073 (+181%) from 2021

Revenue And Expenses
Liabilities / Revenue93rd percentileNet Margin81st percentile

Revenue

Up

$267,410

Up $139,806 (+110%) from 2021

Expenses

Up

$182,349

Up $10,215 (+5.9%) from 2021

Net Income

Up

$85,061

Up $129,591 (+291%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth88th 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

2022

Assets$1,455,026
Liabilities$602,230
Net Assets$852,796
Open 2022 Filing

Operations Trend

Revenue Growth91st 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

2022

Revenue$267,410
Expenses$182,349
Net Income$85,061
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2021 to Sep 30, 2022
Signed
Dec 6, 2022
Return Version
2021v4.0
Gross Receipts
$533,548
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$761,255$724,476▼ $36,779
Cash and Non-Interest-Bearing Accounts$54,655$67,474▲ $12,819
Total Assets$981,892$1,455,026▲ $473,134
Other Assets Total$165,982$663,076▲ $497,094
Liabilities
Other Liabilities$214,157$602,230▲ $388,073
Total Liabilities$214,157$602,230▲ $388,073
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$708,630$796,087▲ $87,457
Net Assets With Donor Restrictions$59,105$56,709▼ $2,396
Total Net Assets Fund Balance$767,735$852,796▲ $85,061
Total Liabilities and Net Assets / Fund Balance$981,892$1,455,026▲ $473,134

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$627,790$218,213$846,003
Land$96,686-$96,686
Other Assets Org$806--
Compensation and Service Providers
Top Officer Pay39th percentile

Board Members and Trustees

NameTitle
Clayton SuckstorfPresident
Kyle KowalskiBoard Member
Tom BandurSecretary
Mark KruegerVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$225,336
Program Service Revenue
$43,210
Investment Income
$-1,136
Other Revenue
$0
All Other Contributions
$7,907
Change in Net Assets
$85,061

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported Amount
Real Estate Commercial1$118,000
Total Noncash Contributions1$118,000
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$159,613
Salaries, Compensation, and Employee Benefits$22,736
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$36,777--$36,777
Fees for Services Management$33,336--$33,336
Occupancy$31,227--$31,227
Other Salaries and Wages$20,769--$20,769
Interest$17,495--$17,495
Insurance$10,379--$10,379
Fees for Services Other$8,396--$8,396
Fees for Services Legal$4,377--$4,377
Fees for Services Accounting$4,200--$4,200
Payroll Taxes$1,967--$1,967
Advertising$1,092--$1,092
Office Expenses$797--$797
Travel$693--$693
Conferences and Meetings$363--$363
All Other Expenses$301--$301
Other Expenses$210--$210
Total Functional Expenses$182,349$0$0$182,349
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$538,443
Note Payable-building$56,709
Rental Deposits$3,560
Purchase Option$2,000
Payroll Liabilities$1,518
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 mark krueger 839 n 6th street 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
Melissa Dush
Title
Director
Phone
3087450430
Signed
2022-12-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Clayton Suckstorf
Formed
2012
Legal Domicile
Ne
Voting Board Members
4
Independent Board Members
4
Employees
1
Volunteers
4

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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IRS990/ScheduleJRequiredInd0false
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd0false
IRS990ScheduleM/RealEstateCommercialGrp/ContributionCnt01
IRS990ScheduleM/RealEstateCommercialGrp/NonCashCheckboxInd0X
IRS990ScheduleM/RealEstateCommercialGrp/NoncashContributionsRptF990Amt0118000
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd0false
IRS990ScheduleM/ThirdPartiesUsedInd0false
IRS990/ScheduleORequiredInd0true
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 MARK KRUEGER 839 N 6TH STREET 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
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 9
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0981892
IRS990/TotalAssetsEOYAmt01455026
IRS990/TotalAssetsGrp/BOYAmt0981892
IRS990/TotalAssetsGrp/EOYAmt01455026
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0225336
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0182349
IRS990/TotalFunctionalExpensesGrp/TotalAmt0182349
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0214157
IRS990/TotalLiabilitiesEOYAmt0602230
IRS990/TotalLiabilitiesGrp/BOYAmt0214157
IRS990/TotalLiabilitiesGrp/EOYAmt0602230
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0767735
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0852796
IRS990/TotalOtherProgSrvcExpenseAmt0182349
IRS990/TotalOtherProgSrvcRevenueAmt043210
IRS990/TotalProgramServiceExpensesAmt0182349
IRS990/TotalProgramServiceRevenueAmt043210
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt042074
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0267410
IRS990/TotalVolunteersCnt04
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0981892
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01455026
IRS990/TravelGrp/ProgramServicesAmt0693
IRS990/TravelGrp/TotalAmt0693
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/USAddress/AddressLine1Txt0326 N STREET
IRS990/USAddress/CityNm0LOUP CITY
IRS990/USAddress/StateAbbreviationCd0NE
IRS990/USAddress/ZIPCd068853
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0WWW.SCEDINC.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0MELISSA DUSH
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum03087450430
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-12-06
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/PreparerFirmEIN0453590525
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0JENNIFER SMYDRA CPA LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 142
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0SAINT PAUL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd068873
ReturnHeader/PreparerPersonGrp/PhoneNum03087507398
ReturnHeader/PreparerPersonGrp/PreparationDt02022-12-06
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JENNIFER SMYDRA CPA
ReturnHeader/ReturnTs02022-12-13T14:33:24-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0MELISSA
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0DUSH
ReturnHeader/TaxPeriodBeginDt02021-10-01
ReturnHeader/TaxPeriodEndDt02022-09-30
ReturnHeader/TaxYr02021

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

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

Open filing
Assets
$1,455,026
Liabilities
$602,230
Net assets
$852,796
Revenue
$267,410
Expenses
$182,349
Net income
$85,061
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
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2022 filings • 501(c)3 • $1M-$5M nonprofits