Civic Intelligence

Nebraska Enterprise Fund

990 • Fiscal year 2020 • EIN 31-1543695

Jul 01, 2019 to Jun 30, 2020 • Filed on Apr 15, 2021

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.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Liabilities / Revenue

90th percentile

2.94x

Higher debt load relative to revenue than 90% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Net Margin

56th percentile

6.4%

Higher net margin than 56% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Top Officer Pay

24th percentile

$103,088

Higher top officer pay than 24% of similar nonprofits.

Top officer pay equals 4.3% of source-year revenue.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Asset Growth

19th percentile

-2.1%

Faster asset growth than 19% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2019 to 2020

Revenue Growth

81st percentile

26%

Faster revenue growth than 81% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets74th percentile

Assets

Down

$13,366,664

Down $284,664 (-2.1%) from 2019

Net Assets

Up

$6,280,830

Up $154,246 (+2.5%) from 2019

Liabilities

Down

$7,085,834

Down $438,910 (-5.8%) from 2019

Revenue And Expenses
Liabilities / Revenue90th percentileNet Margin56th percentile

Revenue

Up

$2,411,401

Up $496,582 (+26%) from 2019

Expenses

Up

$2,257,155

Up $387,011 (+21%) from 2019

Net Income

Up

$154,246

Up $109,571 (+245%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth19th 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

2020

Assets$13,366,664
Liabilities$7,085,834
Net Assets$6,280,830
Open 2020 Filing

Operations Trend

Revenue Growth81st 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

2020

Revenue$2,411,401
Expenses$2,257,155
Net Income$154,246
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Apr 15, 2021
Return Version
2019v5.2
Gross Receipts
$2,411,401
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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$7,374,191$6,110,932▼ $1,263,259
Cash and Non-Interest-Bearing Accounts$4,415,016$5,398,642▲ $983,626
Savings and Temporary Cash Investments$844,320$905,039▲ $60,719
Pledges and Grants Receivable$238,798$399,041▲ $160,243
Receivables From Officers Etc$48,401--
Land, Buildings, and Equipment, Net$9,677$12,743▲ $3,066
Accounts Receivable$392--
Total Assets$13,651,328$13,366,664▼ $284,664
Other Assets Total$720,533$540,267▼ $180,266
Liabilities
Mortgage Notes Payable Secured by Investment Property$7,452,779$7,001,377▼ $451,402
Accounts Payable and Accrued Expenses$71,965$84,457▲ $12,492
Total Liabilities$7,524,744$7,085,834▼ $438,910
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$5,542,265$5,657,169▲ $114,904
Net Assets With Donor Restrictions$584,319$623,661▲ $39,342
Total Net Assets Fund Balance$6,126,584$6,280,830▲ $154,246
Total Liabilities and Net Assets / Fund Balance$13,651,328$13,366,664▼ $284,664

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$12,743$19,744$32,487
Compensation and Service Providers
Top Officer Pay24th percentile

Employees

NameTitleFull / Part TimeBaseTotal
James ReiffExecutive DirectorFT$103,088$103,088

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
$1,802,092
Program Service Revenue
$574,375
Investment Income
$34,934
Other Revenue
$0
All Other Contributions
$252,409
Change in Net Assets
$154,246

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,411,401
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$2,411,401
Total Revenue per Form 990
$2,411,401
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,338,219
Salaries, Compensation, and Employee Benefits$668,936
Grants and Similar Amounts Paid$250,000
Total Fundraising Expense$24,164
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$309,995$47,868$9,790$367,653
Grants to Domestic Orgs$250,000--$250,000
Interest$146,939--$146,939
Current Officers, Directors, Trustees, and Key Employees$114,367$21,444$7,148$142,959
Fees for Services Accounting$136,490--$136,490
Other Employee Benefits$82,990$19,515$3,679$106,184
All Other Expenses$33,585$25,464$2,000$61,049
Fees for Services Other$53,325$2,550-$55,875
Payroll Taxes$44,633$5,960$1,547$52,140
Advertising$44,152--$44,152
Occupancy$16,200$12,500-$28,700
Other Expenses$19,797$455-$19,797
Conferences and Meetings-$12,489-$12,489
Insurance$3,177$4,747-$7,924
Fees for Services Legal-$5,000-$5,000
Travel$3,960--$3,960
Depreciation Depletion$3,135$800-$3,935
Information Technology$388--$388
Office Expenses-$223-$223
Total Functional Expenses$2,051,550$181,441$24,164$2,257,155

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,257,155
Total Expenses per Audited Statements$2,257,155
Total Expenses per Form 990$2,257,155
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.$250,000
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$48,401--
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
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
2021-04-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
James a Reiff
Formed
1997
Legal Domicile
Ne
Voting Board Members
10
Independent Board Members
9
Employees
13
Volunteers
20

Preparer

Firm
Hayes & Associates LLC
Address
1015 NORTH 98TH STREET SUITE 200, OMAHA, NE 68114
Preparer
Frank Hayes
Phone
4023902480
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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/OfficeExpensesGrp/TotalAmt0223
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0720533
IRS990/OtherAssetsTotalGrp/EOYAmt0540267
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt03679
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt019515
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt082990
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0106184
IRS990/OtherExpensesGrp/Desc0PROVISION FOR LOAN LOSS
IRS990/OtherExpensesGrp/Desc1SUPPLIES
IRS990/OtherExpensesGrp/Desc2MILEAGE
IRS990/OtherExpensesGrp/Desc3LOAN EXPENSE
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt022426
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1455
IRS990/OtherExpensesGrp/ProgramServicesAmt0768079
IRS990/OtherExpensesGrp/ProgramServicesAmt120338
IRS990/OtherExpensesGrp/ProgramServicesAmt219797
IRS990/OtherExpensesGrp/TotalAmt0768079
IRS990/OtherExpensesGrp/TotalAmt122426
IRS990/OtherExpensesGrp/TotalAmt220793
IRS990/OtherExpensesGrp/TotalAmt319797
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt09790
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt047868
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0309995
IRS990/OtherSalariesAndWagesGrp/TotalAmt0367653
IRS990/OtherWebsiteInd0X
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt07374191
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt06110932
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt01547
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt05960
IRS990/PayrollTaxesGrp/ProgramServicesAmt044633
IRS990/PayrollTaxesGrp/TotalAmt052140
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0238798
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0399041
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0JAMES A REIFF
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0522291
IRS990/ProgramServiceRevenueGrp/Desc0LOAN FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0479886
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0479886
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01320414
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0350000
IRS990/PYInvestmentIncomeAmt039168
IRS990/PYOtherExpensesAmt0988102
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0555237
IRS990/PYRevenuesLessExpensesAmt044675
IRS990/PYSalariesCompEmpBnftPaidAmt0532042
IRS990/PYTotalExpensesAmt01870144
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01914819
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt048401
IRS990/ReconcilationRevenueExpnssAmt0154246
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0479886
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0844320
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0905039
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt01802092
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt01272621
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt01302052
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt01743417
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0971481
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt07091663
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0609309
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0642198
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0562463
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0521682
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0354148
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt02689800
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.59040
IRS990ScheduleA/PublicSupportPY170Pct00.66000
IRS990ScheduleA/PublicSupportTotal170Amt05774551
IRS990ScheduleA/SubstantialContributorsTotAmt01317112
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt01802092
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt01272621
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt01302052
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt01743417
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0971481
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt07091663
IRS990ScheduleA/TotalSupportAmt09781463
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/BookValueAmt012743
IRS990ScheduleD/EquipmentGrp/DepreciationAmt019744
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt032487
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt02257155
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt02411401
IRS990ScheduleD/TotalBookValueLandBuildingsAmt012743
IRS990ScheduleD/TotalExpensesPerForm990Amt02257155
IRS990ScheduleD/TotalRevenuePerForm990Amt02411401
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02411401
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02257155
IRS990ScheduleI/GrantRecordsMaintainedInd00
IRS990ScheduleI/RecipientTable/CashGrantAmt0250000
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
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt00
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
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
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt013651328
IRS990/TotalAssetsEOYAmt013366664
IRS990/TotalAssetsGrp/BOYAmt013651328
IRS990/TotalAssetsGrp/EOYAmt013366664
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt01802092
IRS990/TotalEmployeeCnt013
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt024164

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$13,366,664
Liabilities
$7,085,834
Net assets
$6,280,830
Revenue
$2,411,401
Expenses
$2,257,155
Net income
$154,246
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
2020Detailed filing. Detailed filing data is available for this year.$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
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
Peer Organizations

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