Civic Intelligence

Sherman County Economic Development Inc.

990 • Fiscal year 2023 • EIN 26-4618722

Oct 01, 2022 to Sep 30, 2023 • Filed on Dec 12, 2023

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

74th percentile

0.29x

Higher debt load relative to assets than 74% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

91st percentile

1.45x

Higher debt load relative to revenue than 91% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

59th percentile

8.4%

Higher net margin than 59% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

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.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

9th percentile

-16%

Faster asset growth than 9% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

26th percentile

-9.4%

Faster revenue growth than 26% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets74th percentile

Assets

Down

$1,225,810

Down $229,216 (-16%) from 2022

Net Assets

Up

$873,440

Up $20,644 (+2.4%) from 2022

Liabilities

Down

$352,370

Down $249,860 (-41%) from 2022

Revenue And Expenses
Liabilities / Revenue91st percentileNet Margin59th percentile

Revenue

Down

$242,285

Down $25,125 (-9.4%) from 2022

Expenses

Up

$222,016

Up $39,667 (+22%) from 2022

Net Income

Down

$20,269

Down $64,792 (-76%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth9th 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

2023

Assets$1,225,810
Liabilities$352,370
Net Assets$873,440
Open 2023 Filing

Operations Trend

Revenue Growth26th 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

2023

Revenue$242,285
Expenses$222,016
Net Income$20,269
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2022 to Sep 30, 2023
Signed
Dec 12, 2023
Return Version
2022v5.0
Gross Receipts
$255,732
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$724,476$678,813▼ $45,663
Cash and Non-Interest-Bearing Accounts$67,849$123,110▲ $55,261
Total Assets$1,455,401$1,225,810▼ $229,591
Other Assets Total$663,076$423,887▼ $239,189
Liabilities
Other Liabilities$602,230$352,370▼ $249,860
Total Liabilities$602,230$352,370▼ $249,860
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$796,462$819,251▲ $22,789
Net Assets With Donor Restrictions$56,709$54,189▼ $2,520
Total Net Assets Fund Balance$853,171$873,440▲ $20,269
Total Liabilities and Net Assets / Fund Balance$1,455,401$1,225,810▼ $229,591

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$594,390$251,613$846,003
Land$84,423-$84,423
Other Assets Org$1,500--
Compensation and Service Providers
Top Officer Pay39th percentile

Board Members and Trustees

NameTitle
Clayton SuckstorfPresident
Mark KruegerDirector
Melissa KapustkaDirector
Samantha MccarvilleDirector
Tom BandurSecretary
Demi RodockerVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$202,698
Program Service Revenue
$58,450
Investment Income
$-5,947
Other Revenue
$-12,916
All Other Contributions
$48,501
Change in Net Assets
$20,269
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$160,345
Salaries, Compensation, and Employee Benefits$61,671
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$55,154--$55,154
Occupancy$38,368--$38,368
Depreciation Depletion$33,400--$33,400
Fees for Services Other$25,493--$25,493
Interest$22,340--$22,340
Insurance$8,898--$8,898
Fees for Services Legal$7,336--$7,336
Payroll Taxes$6,517--$6,517
Advertising$5,971--$5,971
Fees for Services Accounting$2,300--$2,300
Office Expenses$1,447--$1,447
Travel$317--$317
All Other Expenses$211--$211
Other Expenses$134--$134
Conferences and Meetings$123--$123
Fees for Services Management$100--$100
Total Functional Expenses$222,016$0$0$222,016
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$293,019
Note Payable-building$54,177
Rental Deposits$3,560
Payroll Liabilities$1,614
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

“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 demi rodocker 513 n 8th street loup city, ne 68853 samantha mccarville 80066 round barn ave north loup, ne 68859 melissa kapustka 47811 784th street rockville, ne 68871”

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
2023-12-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Clayton Suckstorf
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.”

Form 990, Part IX, Line 11G

“Workmans comp insurance 262 0 0 telephone 1,264 0 0 bank charges 12 0 0 supplies 1,225 0 0 postage 133 0 0 license & fees 153 0 0 miscellaneous 482 0 0 dues & subscriptions 50 0 0 provider expenses 14,745 0 0 fundraising expenses 7,167 0 0 total 25,493 0 0”

Raw XML Appendix367 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/OtherAssetsOrgGrp/Desc0CONSTRUCTION IN PROGRESS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1SCS BUILDING
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2EARNEST DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3RECEIVABLE
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0594390
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0251613
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0846003
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0293019
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt154177
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt23560
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt31614
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0NOTE PAYABLE-CONSTRUCTION
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1NOTE PAYABLE-BUILDING
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2RENTAL DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3PAYROLL LIABILITIES
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0678813
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0423887
IRS990ScheduleD/TotalLiabilityAmt0352370
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TO PROVIDE ECONOMIC DEVELOPMENT OPPORTUNITIES WITHIN SHERMAN COUNTY, NEBRASKA IN ORDER TO INCREASE HOUSING, BUSINESS GROWTH, AND POPULATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1TOM 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 DEMI RODOCKER 513 N 8TH STREET LOUP CITY, NE 68853 SAMANTHA MCCARVILLE 80066 ROUND BARN AVE NORTH LOUP, NE 68859 MELISSA KAPUSTKA 47811 784TH STREET ROCKVILLE, NE 68871
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/ExplanationTxt4WORKMANS COMP INSURANCE 262 0 0 TELEPHONE 1,264 0 0 BANK CHARGES 12 0 0 SUPPLIES 1,225 0 0 POSTAGE 133 0 0 LICENSE & FEES 153 0 0 MISCELLANEOUS 482 0 0 DUES & SUBSCRIPTIONS 50 0 0 PROVIDER EXPENSES 14,745 0 0 FUNDRAISING EXPENSES 7,167 0 0 TOTAL 25,493 0 0
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
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART IX, LINE 11G
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01455401
IRS990/TotalAssetsEOYAmt01225810
IRS990/TotalAssetsGrp/BOYAmt01455401
IRS990/TotalAssetsGrp/EOYAmt01225810
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0202698
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0222016
IRS990/TotalFunctionalExpensesGrp/TotalAmt0222016
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0602230
IRS990/TotalLiabilitiesEOYAmt0352370
IRS990/TotalLiabilitiesGrp/BOYAmt0602230
IRS990/TotalLiabilitiesGrp/EOYAmt0352370
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0853171
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0873440
IRS990/TotalOtherProgSrvcExpenseAmt0222016
IRS990/TotalOtherProgSrvcRevenueAmt058450
IRS990/TotalProgramServiceExpensesAmt0222016
IRS990/TotalProgramServiceRevenueAmt058450
IRS990/TotalRevenueGrp/ExclusionAmt0-12916
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt052503
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0242285
IRS990/TotalVolunteersCnt05
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01455401
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01225810
IRS990/TravelGrp/ProgramServicesAmt0317
IRS990/TravelGrp/TotalAmt0317
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/USAddress/AddressLine1Txt0326 N STREET
IRS990/USAddress/CityNm0LOUP CITY
IRS990/USAddress/StateAbbreviationCd0NE
IRS990/USAddress/ZIPCd068853
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0WWW.SCEDINC.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0MELISSA DUSH
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum03087450430
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-12-12
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/IRSResponsiblePrtyInfoCurrInd0false
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/PreparationDt02023-12-12
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JENNIFER SMYDRA CPA
ReturnHeader/ReturnTs02023-12-13T10:50:41-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0MELISSA
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0DUSH
ReturnHeader/TaxPeriodBeginDt02022-10-01
ReturnHeader/TaxPeriodEndDt02023-09-30
ReturnHeader/TaxYr02022

Document Assets

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,225,810
Liabilities
$352,370
Net assets
$873,440
Revenue
$242,285
Expenses
$222,016
Net income
$20,269
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