Civic Intelligence

Nebraska Enterprise Fund

990 • Fiscal year 2019 • EIN 31-1543695

Jul 01, 2018 to Jun 30, 2019 • Filed on Jan 15, 2020

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

76th percentile

0.55x

Higher debt load relative to assets than 76% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Liabilities / Revenue

93rd percentile

3.93x

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

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Net Margin

47th percentile

2.3%

Higher net margin than 47% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Top Officer Pay

33rd percentile

$131,693

Higher top officer pay than 33% of similar nonprofits.

Top officer pay equals 6.9% of source-year revenue.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Asset Growth

56th percentile

5.2%

Faster asset growth than 56% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2018 to 2019

Revenue Growth

46th percentile

2.7%

Faster revenue growth than 46% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets76th percentile

Assets

Up

$13,651,328

Up $2,388,472 (+21%) from 2017

Net Assets

Up

$6,126,584

Up $444,560 (+7.8%) from 2017

Liabilities

Up

$7,524,744

Up $1,943,912 (+35%) from 2017

Revenue And Expenses
Liabilities / Revenue93rd percentileNet Margin47th percentile

Revenue

Down

$1,914,819

Down $350,280 (-15%) from 2017

Expenses

Up

$1,870,144

Up $490,303 (+36%) from 2017

Net Income

Down

$44,675

Down $840,583 (-95%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth56th 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 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

2019

Assets$13,651,328
Liabilities$7,524,744
Net Assets$6,126,584
Open 2019 Filing

Operations Trend

Revenue Growth46th 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 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

2019

Revenue$1,914,819
Expenses$1,870,144
Net Income$44,675
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Jan 15, 2020
Return Version
2018v3.1
Gross Receipts
$1,914,819
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$7,573,297$7,374,191▼ $199,106
Cash and Non-Interest-Bearing Accounts$4,266,516$4,415,016▲ $148,500
Savings and Temporary Cash Investments$439,914$844,320▲ $404,406
Pledges and Grants Receivable$141,689$238,798▲ $97,109
Receivables From Officers Etc$92,820$48,401▼ $44,419
Land, Buildings, and Equipment, Net$2,639$9,677▲ $7,038
Accounts Receivable$742$392▼ $350
Total Assets$12,972,626$13,651,328▲ $678,702
Other Assets Total$455,009$720,533▲ $265,524
Liabilities
Mortgage Notes Payable Secured by Investment Property$6,842,988$7,452,779▲ $609,791
Accounts Payable and Accrued Expenses$47,729$71,965▲ $24,236
Total Liabilities$6,890,717$7,524,744▲ $634,027
Net Assets / Fund Balance
Unrestricted Net Assets$5,298,869$5,542,265▲ $243,396
Temporarily Rstr Net Assets$783,040$584,319▼ $198,721
Total Net Assets Fund Balance$6,081,909$6,126,584▲ $44,675
Total Liabilities and Net Assets / Fund Balance$12,972,626$13,651,328▲ $678,702

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$9,677$19,744$29,421
Other Assets Org$355,769--
Compensation and Service Providers
Top Officer Pay33rd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
James ReiffExecutive DirectorFT$101,784$29,909$131,693

Board Members and Trustees

NameTitle
Andrew WilliamsBoard Chair
Dan MaukVice Chair
Joe HodgesDirector
Kendall ScheerDirector
Mary WilsonDirector
Mike StoreyDirector
Nancy WilliamsDirector
Julene SchoenSecretary/treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,320,414
Program Service Revenue
$555,237
Investment Income
$39,168
Other Revenue
$0
All Other Contributions
$916,710
Change in Net Assets
$44,675

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,914,819
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,914,819
Total Revenue per Form 990
$1,914,819
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$988,102
Salaries, Compensation, and Employee Benefits$532,042
Grants and Similar Amounts Paid$350,000
Total Fundraising Expense$21,703
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$350,000--$350,000
Other Salaries and Wages$281,192$15,028$12,976$309,196
Interest$124,870--$124,870
Current Officers, Directors, Trustees, and Key Employees$111,128$7,941$5,038$124,107
Fees for Services Legal$30,002$49,213-$79,215
Other Employee Benefits$55,314$8,921$2,283$66,518
All Other Expenses$50,374$7,973-$58,347
Fees for Services Other$38,016--$38,016
Payroll Taxes$29,096$1,719$1,406$32,221
Occupancy$23,425$1,275-$24,700
Other Expenses$15,323$497-$15,323
Advertising$13,795--$13,795
Fees for Services Accounting$5,035$8,215-$13,250
Conferences and Meetings$9,329--$9,329
Insurance$6,794$784-$7,578
Travel$3,414$964-$4,378
Depreciation Depletion-$3,106-$3,106
Office Expenses$1,426$474-$1,900
Information Technology$878$613-$1,491
Total Functional Expenses$1,741,718$106,723$21,703$1,870,144

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,870,144
Total Expenses per Audited Statements$1,870,144
Total Expenses per Form 990$1,870,144
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
North End TeleservicesOmaha, NE-Donor Guided Support for a Business in an Underserved and Distressed Neighborhood Focused on Employment Opportunities for Traditionally Low to Moderate Income Population.$350,000
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$48,401▼ $44,419
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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 a Reiff
Title
Executive Director
Phone
4026855500
Signed
2020-01-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
James a Reiff
Formed
1997
Legal Domicile
Ne
Voting Board Members
8
Independent Board Members
7
Employees
10
Volunteers
17

Preparer

Firm
Hayes & Associates LLC
Address
1015 NORTH 98TH STREET SUITE 200, OMAHA, NE 68114
Preparer
Frank Hayes
Phone
4023902480
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IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0455009
IRS990/OtherAssetsTotalGrp/EOYAmt0720533
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt02283
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt08921
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt055314
IRS990/OtherEmployeeBenefitsGrp/TotalAmt066518
IRS990/OtherExpensesGrp/Desc0PROVISION FOR LOAN LOSS
IRS990/OtherExpensesGrp/Desc1MILEAGE
IRS990/OtherExpensesGrp/Desc2LOAN EXPENSE
IRS990/OtherExpensesGrp/Desc3MANAGEMENT INFORMATION
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0497
IRS990/OtherExpensesGrp/ProgramServicesAmt0554525
IRS990/OtherExpensesGrp/ProgramServicesAmt119117
IRS990/OtherExpensesGrp/ProgramServicesAmt218665
IRS990/OtherExpensesGrp/ProgramServicesAmt315323
IRS990/OtherExpensesGrp/TotalAmt0554525
IRS990/OtherExpensesGrp/TotalAmt119614
IRS990/OtherExpensesGrp/TotalAmt218665
IRS990/OtherExpensesGrp/TotalAmt315323
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt012976
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt015028
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0281192
IRS990/OtherSalariesAndWagesGrp/TotalAmt0309196
IRS990/OtherWebsiteInd0X
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt07573297
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt07374191
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt01406
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt01719
IRS990/PayrollTaxesGrp/ProgramServicesAmt029096
IRS990/PayrollTaxesGrp/TotalAmt032221
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0141689
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0238798
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0JAMES A REIFF
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0522291
IRS990/ProgramServiceRevenueGrp/Desc0LOAN FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0555237
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0555237
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01307042
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0526320
IRS990/PYOtherExpensesAmt01048251
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt031153
IRS990/PYRevenuesLessExpensesAmt0399795
IRS990/PYSalariesCompEmpBnftPaidAmt0416469
IRS990/PYTotalExpensesAmt01464720
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01864515
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt092820
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt048401
IRS990/ReconcilationRevenueExpnssAmt044675
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0555237
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0439914
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0844320
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt01272621
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt01302052
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt01743417
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0971481
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0859756
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt06149327
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0642198
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0562463
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0521682
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0354148
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0256947
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt02337438
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.66000
IRS990ScheduleA/PublicSupportPY170Pct00.69130
IRS990ScheduleA/PublicSupportTotal170Amt05601663
IRS990ScheduleA/SubstantialContributorsTotAmt0547664
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt01272621
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt01302052
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt01743417
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0971481
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0859756
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt06149327
IRS990ScheduleA/TotalSupportAmt08486765
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt09677
IRS990ScheduleD/EquipmentGrp/DepreciationAmt019744
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt029421
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01870144
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0269764
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt195000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt2355769
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0LOAN LOSS RESERVE - PROGRAM RESTRICTED
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1LOAN LOSS RESERVE - BOARD RESTRICTED
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2GUARANTEES - PROGRAM RESTRICTED
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01914819
IRS990ScheduleD/TotalBookValueLandBuildingsAmt09677
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0720533
IRS990ScheduleD/TotalExpensesPerForm990Amt01870144
IRS990ScheduleD/TotalRevenuePerForm990Amt01914819
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01914819
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01870144
IRS990ScheduleI/GrantRecordsMaintainedInd00
IRS990ScheduleI/RecipientTable/CashGrantAmt0350000
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0DONOR GUIDED SUPPORT FOR A BUSINESS IN AN UNDERSERVED AND DISTRESSED NEIGHBORHOOD FOCUSED ON EMPLOYMENT OPPORTUNITIES FOR TRADITIONALLY LOW TO MODERATE INCOME POPULATION.
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0NORTH END TELESERVICES
IRS990ScheduleI/RecipientTable/RecipientEIN0473150105
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt01500 N 24TH ST SUITE 111
IRS990ScheduleI/RecipientTable/USAddress/CityNm0OMAHA
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0NE
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd068110
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0DONOR GUIDED SUPPORT FOR A BUSINESS IN AN UNDERSERVED AND DISTRESSED NEIGHBORHOOD FOCUSED ON EMPLOYMENT OPPORTUNITIES FOR TRADITIONALLY LOW TO MODERATE INCOME POPULATION.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE I PART II LINE 1H
IRS990ScheduleI/Total501c3OrgCnt00
IRS990ScheduleI/TotalOtherOrgCnt01
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt048401
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/TotalBalanceDueAmt048401
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/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$13,651,328
Liabilities
$7,524,744
Net assets
$6,126,584
Revenue
$1,914,819
Expenses
$1,870,144
Net income
$44,675
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
2019Detailed filing. Detailed filing data is available for this year.$13.7$7.52$6.13$1.91$1.87$0.04
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