Civic Intelligence

Nebraska Enterprise Fund

990 • Fiscal year 2018 • EIN 31-1543695

Jul 01, 2017 to Jun 30, 2018 • Filed on Jan 14, 2019

Organization ProfileWWW.NEBBIZ.ORG

View Organization Page

330 N Oakland AvenueOakland, NE 68045

(402) 685-5500

Siviq Scores

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

Liabilities / Assets

74th percentile

0.53x

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

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Liabilities / Revenue

92nd percentile

3.70x

Higher debt load relative to revenue than 92% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Net Margin

79th percentile

21%

Higher net margin than 79% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Top Officer Pay

29th percentile

$120,888

Higher top officer pay than 29% of similar nonprofits.

Top officer pay equals 6.5% of source-year revenue.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Asset Growth

81st percentile

15%

Faster asset growth than 81% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2017 to 2018

Revenue Growth

13th percentile

-18%

Faster revenue growth than 13% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets74th percentile

Assets

Up

$12,972,626

Up $1,709,770 (+15%) from 2017

Net Assets

Up

$6,081,909

Up $399,885 (+7.0%) from 2017

Liabilities

Up

$6,890,717

Up $1,309,885 (+23%) from 2017

Revenue And Expenses
Liabilities / Revenue92nd percentileNet Margin79th percentile

Revenue

Down

$1,864,515

Down $400,584 (-18%) from 2017

Expenses

Up

$1,464,630

Up $84,789 (+6.1%) from 2017

Net Income

Down

$399,885

Down $485,373 (-55%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth81st percentile

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

$40M$30M$20M$10M$0Assets 2011: $4,480,026Liabilities 2011: $1,484,408Net Assets 2011: $2,995,6182011Assets 2012: $5,306,086Liabilities 2012: $2,330,809Net Assets 2012: $2,975,2772012Assets 2014: $6,487,368Liabilities 2014: $2,851,744Net Assets 2014: $3,635,6242014Assets 2015: $7,245,450Liabilities 2015: $3,102,267Net Assets 2015: $4,143,1832015Assets 2016: $9,107,202Liabilities 2016: $4,310,436Net Assets 2016: $4,796,7662016Assets 2017: $11,262,856Liabilities 2017: $5,580,832Net Assets 2017: $5,682,0242017Assets 2018: $12,972,626Liabilities 2018: $6,890,717Net Assets 2018: $6,081,9092018Assets 2019: $13,651,328Liabilities 2019: $7,524,744Net Assets 2019: $6,126,5842019Assets 2020: $13,366,664Liabilities 2020: $7,085,834Net Assets 2020: $6,280,8302020Assets 2021: $28,286,506Liabilities 2021: $20,311,545Net Assets 2021: $7,974,9612021Assets 2022: $18,320,846Liabilities 2022: $7,894,137Net Assets 2022: $10,426,7092022Assets 2025: $34,186,396Liabilities 2025: $16,254,775Net Assets 2025: $17,931,6212025

Highlighted filing

2018

Assets$12,972,626
Liabilities$6,890,717
Net Assets$6,081,909
Open 2018 Filing

Operations Trend

Revenue Growth13th percentile

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

$8.0M$6.0M$4.0M$2.0M$0Expenses 2011: $766,2872011Expenses 2012: $455,1002012Revenue 2014: $822,401Expenses 2014: $716,482Net Income 2014: $105,9192014Revenue 2015: $1,116,703Expenses 2015: $609,144Net Income 2015: $507,5592015Revenue 2016: $1,325,629Expenses 2016: $672,046Net Income 2016: $653,5832016Revenue 2017: $2,265,099Expenses 2017: $1,379,841Net Income 2017: $885,2582017Revenue 2018: $1,864,515Expenses 2018: $1,464,630Net Income 2018: $399,8852018Revenue 2019: $1,914,819Expenses 2019: $1,870,144Net Income 2019: $44,6752019Revenue 2020: $2,411,401Expenses 2020: $2,257,155Net Income 2020: $154,2462020Revenue 2021: $6,191,049Expenses 2021: $4,496,918Net Income 2021: $1,694,1312021Revenue 2022: $5,303,898Expenses 2022: $2,807,150Net Income 2022: $2,496,7482022Revenue 2025: $3,627,726Expenses 2025: $3,588,174Net Income 2025: $39,5522025

Highlighted filing

2018

Revenue$1,864,515
Expenses$1,464,630
Net Income$399,885
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Jan 14, 2019
Return Version
2017v2.3
Gross Receipts
$1,864,515
Mission and Program Overview

Mission

The nebraska enterprise fund envisions a vibrant small business eco-system where every small and micro business has the opportunity to start, grow and prosper. The nebraska enterprise fund supports underserved communities by providing micro and small businesses with access to training, technical assistance, and capital.

The nebraska enterprise fund supports nebraska micro and small businesses by providing capital, training, and technical assistance. The nebraska enterprise fund envisions a vibrant nebraska where small and micro-businesses have opportunities to excel.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$8,025,152$7,573,297▼ $451,855
Cash and Non-Interest-Bearing Accounts$2,089,072$4,266,516▲ $2,177,444
Savings and Temporary Cash Investments$447,654$439,914▼ $7,740
Pledges and Grants Receivable$200,949$141,689▼ $59,260
Receivables From Officers Etc-$92,820-
Land, Buildings, and Equipment, Net$4,509$2,639▼ $1,870
Accounts Receivable$1,385$742▼ $643
Total Assets$11,262,856$12,972,626▲ $1,709,770
Other Assets Total$494,135$455,009▼ $39,126
Liabilities
Mortgage Notes Payable Secured by Investment Property$5,560,260$6,842,988▲ $1,282,728
Accounts Payable and Accrued Expenses$20,572$47,729▲ $27,157
Total Liabilities$5,580,832$6,890,717▲ $1,309,885
Net Assets / Fund Balance
Unrestricted Net Assets$4,912,146$5,298,869▲ $386,723
Temporarily Rstr Net Assets$769,878$783,040▲ $13,162
Total Net Assets Fund Balance$5,682,024$6,081,909▲ $399,885
Total Liabilities and Net Assets / Fund Balance$11,262,856$12,972,626▲ $1,709,770

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$2,639$20,639-
Compensation and Service Providers
Top Officer Pay29th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
James ReiffExecutive DirectorFT$100,736$20,152$120,888

Board Members and Trustees

NameTitle
Andrew WilliamsBoard Chair
Dan MaukVice Chair
Joe HodgesDirector
Kendall ScheerDirector
Mary WilsonDirector
Melissa GarciaDirector
Nancy WilliamsDirector
Sandra BarreraDirector
Julene SchoenSecretary/treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,307,042
Program Service Revenue
$535,411
Investment Income
$22,062
Other Revenue
$0
All Other Contributions
$275,237
Change in Net Assets
$399,885

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,864,515
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,864,515
Total Revenue per Form 990
$1,864,515
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,048,251
Salaries, Compensation, and Employee Benefits$416,379
Total Fundraising Expense$34,393
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$180,329$15,576$18,371$214,276
Interest$111,146--$111,146
Current Officers, Directors, Trustees, and Key Employees$72,849$24,150$8,001$105,000
Fees for Services Legal$76,138--$76,138
Other Employee Benefits$58,787$9,224$6,124$74,135
All Other Expenses$36,361$3,929-$40,290
Fees for Services Other$24,150--$24,150
Payroll Taxes$18,213$2,858$1,897$22,968
Occupancy$19,305$1,275-$20,580
Fees for Services Accounting$14,538--$14,538
Other Expenses$12,272$942-$13,214
Travel$10,500--$10,500
Insurance$7,352--$7,352
Advertising$6,830$48-$6,878
Information Technology$6,495--$6,495
Conferences and Meetings$5,076--$5,076
Depreciation Depletion$1,870--$1,870
Office Expenses$522$192-$714
Total Functional Expenses$1,370,951$59,286$34,393$1,464,630

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,464,630
Total Expenses per Audited Statements$1,464,630
Total Expenses per Form 990$1,464,630
Expenses Not Reported on Financial Statements$0
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
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Officers, Directors, Trustees, and Key Employees-$92,820-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“An electronic copy will be sent to the board treasurer for review and comment. It will then be shared with the full board at a following meeting.”

Form 990, Part VI, Section B, Line 12C

“This is done through regular board review and monitoring, as well as segregation of duties. Interactions are also monitored if an instance of a potential conflict of interest arises, which is taken to the executive committee for review.”

Form 990, Part VI, Section B, Line 15

“Compensation to the ed has historically been on the lower side of the range for comparable organizations in other states. As part of the process for selecting a new ed, management prepared a summary document that reviewed pay scales for executives in private banking (ne bankers association survey), ne economic developers salary survey and opportunity finance network?s survey of cdfis across the country. This information was very helpful in establishing a proposed salary for the new ed. This survey covers multiple levels of staff in cdfis so has benefit for comparing the other nef staff in the future as well. Nefs compensation continues to be below the 25th percentile for like cdfis.”

Form 990, Part VI, Section C, Line 18

“The 990 is on file at the oakland office and is available for review by any interested parties. A copy is also provided to funders when requested as part of applications or reports. A copy of the 990 is also available on guidestar.”

Form 990, Part VI, Section C, Line 19

“These documents are available upon request from staff at the oakland office. They are also provided to funders upon request.”

Filing and Contact Details

Filer

Filer Name
Nebraska Enterprise Fund
EIN
31-1543695
Phone
4026855500
Address
330 N OAKLAND AVENUE, OAKLAND, NE 68045

Signing Officer

Name
James Reiff
Title
Executive Director
Phone
4026855500
Signed
2019-01-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
James a Reiff
Formed
1997
Legal Domicile
Ne
Voting Board Members
9
Independent Board Members
8
Employees
10
Volunteers
0

Preparer

Firm
Hayes & Associates LLC
Address
1015 NORTH 98TH STREET SUITE 200, OMAHA, NE 68114
Preparer
Brad Yoder
Phone
4023902480
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

“The organization is exempt from federal income taxes under section 501(c)(3) of the internal revenue code, except on net income derived from unrelated business activities. For the year ended june 30, 2018, the organization had no tax liability on unrelated business activity. The organization believes that it has appropriate support for any tax positions taken, and as such, does not have any uncertain tax positions that are material to the financial statements.”

Raw XML AppendixShowing 400 of 450 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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IRS990/ActivityOrMissionDesc0THE NEBRASKA ENTERPRISE FUND SUPPORTS NEBRASKA MICRO AND SMALL BUSINESSES BY PROVIDING CAPITAL, TRAINING, AND TECHNICAL ASSISTANCE. THE NEBRASKA ENTERPRISE FUND ENVISIONS A VIBRANT NEBRASKA WHERE SMALL AND MICRO-BUSINESSES HAVE OPPORTUNITIES TO EXCEL.
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IRS990/Desc0THE NEBRASKA ENTERPRISE FUND (NEF) PROMOTES THE GROWTH OF SMALL AND MICRO BUSINESSES ACROSS THE STATE OF NEBRASKA THROUGH LENDING, TECHNICAL ASSISTANCE, TRAINING, AND PEER SUPPORT. DIRECT LOANS AND GAP FINANCING FROM $1,000 TO $150,000 IS AVAILABLE TO VIABLE BUSINESSES THAT ARE NOT YET FULLY BANKABLE. THE MAJORITY OF THESE BUSINESSES ARE IN DISTRESSED AREAS AND/OR OWNED BY TRADITIONAL UNDERSERVED ENTREPRENEURS INCLUDING BLACK, LATINO, WOMEN, AND VETERAN OWNED BUSINESSES IN RURAL AND METRO AREAS. TRAINING INCLUDES TOPICS RANGING FROM SALES ACCELERATION AND GROWTH, LEGAL ISSUES, SOCIAL MEDIA, MARKETING, FINANCIAL LITERACY ALONG WITH OTHER BUSINESS SKILLS. NEF PROVIDES ONE-TO-ONE BUSINESS COACHING AND MENTORING TO CLIENTS AND INTERESTED ENTREPRENEURS AS A REGULAR SERVICE TO THE SMALL BUSINESS COMMUNITY. ADDITIONALLY NEF COLLABORATES WITH AND/OR INVESTS IN OTHER MICRO DEVELOPMENT ORGANIZATIONS ACROSS NEBRASKA.
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IRS990/MissionDesc0THE NEBRASKA ENTERPRISE FUND SUPPORTS NEBRASKA'S MICRO AND SMALL BUSINESSES BY PROVIDING CAPITAL, TRAINING, AND TECHNICAL ASSISTANCE. THE NEBRASKA ENTERPRISE FUND ENVISIONS A VIBRANT NEBRASKA WHERE SMALL AND MICRO-BUSINESSES HAVE OPPORTUNITIES TO EXCEL.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt05560260
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt06842988
IRS990/NetAssetsOrFundBalancesBOYAmt05682024
IRS990/NetAssetsOrFundBalancesEOYAmt06081909
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt01275
IRS990/OccupancyGrp/ProgramServicesAmt019305
IRS990/OccupancyGrp/TotalAmt020580
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0192
IRS990/OfficeExpensesGrp/ProgramServicesAmt0522
IRS990/OfficeExpensesGrp/TotalAmt0714
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0494135
IRS990/OtherAssetsTotalGrp/EOYAmt0455009
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt06124
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt09224
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt058787
IRS990/OtherEmployeeBenefitsGrp/TotalAmt074135
IRS990/OtherExpensesGrp/Desc0PROVISION FOR LOAN LOSS
IRS990/OtherExpensesGrp/Desc1EQUIPMENT
IRS990/OtherExpensesGrp/Desc2MILEAGE
IRS990/OtherExpensesGrp/Desc3SUPPLIES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt01092
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1942
IRS990/OtherExpensesGrp/ProgramServicesAmt0663834
IRS990/OtherExpensesGrp/ProgramServicesAmt126947
IRS990/OtherExpensesGrp/ProgramServicesAmt217437
IRS990/OtherExpensesGrp/ProgramServicesAmt312272
IRS990/OtherExpensesGrp/TotalAmt0663834
IRS990/OtherExpensesGrp/TotalAmt126947
IRS990/OtherExpensesGrp/TotalAmt218529
IRS990/OtherExpensesGrp/TotalAmt313214
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt018371
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt015576
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0180329
IRS990/OtherSalariesAndWagesGrp/TotalAmt0214276
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt08025152
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt07573297
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt01897
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt02858
IRS990/PayrollTaxesGrp/ProgramServicesAmt018213
IRS990/PayrollTaxesGrp/TotalAmt022968
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0200949
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0141689
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0JAMES A REIFF
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0522291
IRS990/ProgramServiceRevenueGrp/Desc0LOAN FEES AND INTEREST
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0535411
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0535411
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01751432
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt021615
IRS990/PYInvestmentIncomeAmt0460434
IRS990/PYOtherExpensesAmt0989528
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt053233
IRS990/PYRevenuesLessExpensesAmt0885258
IRS990/PYSalariesCompEmpBnftPaidAmt0368698
IRS990/PYTotalExpensesAmt01379841
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02265099
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt092820
IRS990/ReconcilationRevenueExpnssAmt0399885
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0535411
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0447654
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0439914
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt01302052
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt01743417
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0971481
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0859756
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0620145
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt05496851
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0562463
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0521682
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0354148
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0256947
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0184197
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt01879437
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.68730
IRS990ScheduleA/PublicSupportPY170Pct00.70520
IRS990ScheduleA/PublicSupportTotal170Amt05069403
IRS990ScheduleA/SubstantialContributorsTotAmt0427448
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt01302052
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt01743417
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0971481
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0859756
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0620145
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt05496851
IRS990ScheduleA/TotalSupportAmt07376288
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt02639
IRS990ScheduleD/EquipmentGrp/DepreciationAmt020639
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt023278
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01464630
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01864515
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, EXCEPT ON NET INCOME DERIVED FROM UNRELATED BUSINESS ACTIVITIES. FOR THE YEAR ENDED JUNE 30, 2018, THE ORGANIZATION HAD NO TAX LIABILITY ON UNRELATED BUSINESS ACTIVITY. THE ORGANIZATION BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02639
IRS990ScheduleD/TotalExpensesPerForm990Amt01464630
IRS990ScheduleD/TotalRevenuePerForm990Amt01864515
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01864515
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01464630
IRS990/ScheduleJRequiredInd00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt092820
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd01
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BusinessName/BusinessNameLine1Txt0JOE HODGES CO-OWNER OF LIONS GATE
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0LOAN THROUGH ORGANIZATION'S PROGRAM
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt0148310
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0DIRECTOR
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd01
IRS990ScheduleL/TotalBalanceDueAmt092820
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0AN ELECTRONIC COPY WILL BE SENT TO THE BOARD TREASURER FOR REVIEW AND COMMENT. IT WILL THEN BE SHARED WITH THE FULL BOARD AT A FOLLOWING MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THIS IS DONE THROUGH REGULAR BOARD REVIEW AND MONITORING, AS WELL AS SEGREGATION OF DUTIES. INTERACTIONS ARE ALSO MONITORED IF AN INSTANCE OF A POTENTIAL CONFLICT OF INTEREST ARISES, WHICH IS TAKEN TO THE EXECUTIVE COMMITTEE FOR REVIEW.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2COMPENSATION TO THE ED HAS HISTORICALLY BEEN ON THE LOWER SIDE OF THE RANGE FOR COMPARABLE ORGANIZATIONS IN OTHER STATES. AS PART OF THE PROCESS FOR SELECTING A NEW ED, MANAGEMENT PREPARED A SUMMARY DOCUMENT THAT REVIEWED PAY SCALES FOR EXECUTIVES IN PRIVATE BANKING (NE BANKERS ASSOCIATION SURVEY), NE ECONOMIC DEVELOPERS SALARY SURVEY AND OPPORTUNITY FINANCE NETWORK?S SURVEY OF CDFIS ACROSS THE COUNTRY. THIS INFORMATION WAS VERY HELPFUL IN ESTABLISHING A PROPOSED SALARY FOR THE NEW ED. THIS SURVEY COVERS MULTIPLE LEVELS OF STAFF IN CDFIS SO HAS BENEFIT FOR COMPARING THE OTHER NEF STAFF IN THE FUTURE AS WELL. NEFS COMPENSATION CONTINUES TO BE BELOW THE 25TH PERCENTILE FOR LIKE CDFIS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE 990 IS ON FILE AT THE OAKLAND OFFICE AND IS AVAILABLE FOR REVIEW BY ANY INTERESTED PARTIES. A COPY IS ALSO PROVIDED TO FUNDERS WHEN REQUESTED AS PART OF APPLICATIONS OR REPORTS. A COPY OF THE 990 IS ALSO AVAILABLE ON GUIDESTAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THESE DOCUMENTS ARE AVAILABLE UPON REQUEST FROM STAFF AT THE OAKLAND OFFICE. THEY ARE ALSO PROVIDED TO FUNDERS UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt0769878
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt0783040
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt011262856
IRS990/TotalAssetsEOYAmt012972626
IRS990/TotalAssetsGrp/BOYAmt011262856
IRS990/TotalAssetsGrp/EOYAmt012972626
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt01307042
IRS990/TotalEmployeeCnt010
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt034393
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt059286
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01370951
IRS990/TotalFunctionalExpensesGrp/TotalAmt01464630
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt05580832
IRS990/TotalLiabilitiesEOYAmt06890717
IRS990/TotalLiabilitiesGrp/BOYAmt05580832
IRS990/TotalLiabilitiesGrp/EOYAmt06890717
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt05682024
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt06081909
IRS990/TotalOtherCompensationAmt020152
IRS990/TotalProgramServiceExpensesAmt01370951
IRS990/TotalProgramServiceRevenueAmt0535411
IRS990/TotalReportableCompFromOrgAmt0100736
IRS990/TotalRevenueGrp/ExclusionAmt022062
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0535411
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01864515
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt011262856
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt012972626
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt010500

Document Assets

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$12,972,626
Liabilities
$6,890,717
Net assets
$6,081,909
Revenue
$1,864,515
Expenses
$1,464,630
Net income
$399,885
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$34.2$16.3$17.9$3.63$3.59$0.04
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$18.3$7.89$10.4$5.30$2.81$2.50
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$28.3$20.3$7.97$6.19$4.50$1.69
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$13.4$7.09$6.28$2.41$2.26$0.15
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$13.7$7.52$6.13$1.91$1.87$0.04
2018Detailed filing. Detailed filing data is available for this year.$13.0$6.89$6.08$1.86$1.46$0.40
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$11.3$5.58$5.68$2.27$1.38$0.89
2016Detailed filing. Detailed filing data is available for this year.$9.11$4.31$4.80$1.33$0.67$0.65
2015Detailed filing. Detailed filing data is available for this year.$7.25$3.10$4.14$1.12$0.61$0.51
2014Detailed filing. Detailed filing data is available for this year.$6.49$2.85$3.64$0.82$0.72$0.11
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.31$2.33$2.98$0.46
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.48$1.48$3.00$0.77