Civic Intelligence

Nebraska Enterprise Fund

990 • Fiscal year 2023 • EIN 31-1543695

Jul 01, 2022 to Jun 30, 2023 • Filed on Feb 20, 2024

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

72nd percentile

0.43x

Higher debt load relative to assets than 72% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Liabilities / Revenue

88th percentile

1.87x

Higher debt load relative to revenue than 88% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Net Margin

71st percentile

15%

Higher net margin than 71% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Top Officer Pay

35th percentile

$140,610

Higher top officer pay than 35% of similar nonprofits.

Top officer pay equals 3.1% of source-year revenue.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Asset Growth

51st percentile

6.5%

Faster asset growth than 51% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Revenue Growth

20th percentile

-15%

Faster revenue growth than 20% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets72nd percentile

Assets

Up

$19,519,037

Up $1,198,191 (+6.5%) from 2022

Net Assets

Up

$11,051,170

Up $624,461 (+6.0%) from 2022

Liabilities

Up

$8,467,867

Up $573,730 (+7.3%) from 2022

Revenue And Expenses
Liabilities / Revenue88th percentileNet Margin71st percentile

Revenue

Down

$4,516,971

Down $786,927 (-15%) from 2022

Expenses

Up

$3,826,530

Up $1,019,380 (+36%) from 2022

Net Income

Down

$690,441

Down $1,806,307 (-72%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth51st 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 2023: $19,519,037Liabilities 2023: $8,467,867Net Assets 2023: $11,051,1702023Assets 2025: $34,186,396Liabilities 2025: $16,254,775Net Assets 2025: $17,931,6212025

Highlighted filing

2023

Assets$19,519,037
Liabilities$8,467,867
Net Assets$11,051,170
Open 2023 Filing

Operations Trend

Revenue Growth20th 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 2023: $4,516,971Expenses 2023: $3,826,530Net Income 2023: $690,4412023Revenue 2025: $3,627,726Expenses 2025: $3,588,174Net Income 2025: $39,5522025

Highlighted filing

2023

Revenue$4,516,971
Expenses$3,826,530
Net Income$690,441
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
Feb 20, 2024
Return Version
2022v5.0
Gross Receipts
$4,516,971
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$7,276,186$8,767,230▲ $1,491,044
Cash and Non-Interest-Bearing Accounts$8,727,970$6,638,665▼ $2,089,305
Investments in Publicly Traded Securities$0$1,492,693▲ $1,492,693
Pledges and Grants Receivable$805,387$1,107,889▲ $302,502
Savings and Temporary Cash Investments$917,183$789,300▼ $127,883
Land, Buildings, and Equipment, Net$17,382$34,153▲ $16,771
Total Assets$18,320,846$19,519,037▲ $1,198,191
Other Assets Total$576,738$689,107▲ $112,369
Liabilities
Mortgage Notes Payable Secured by Investment Property$7,694,452$8,195,585▲ $501,133
Accounts Payable and Accrued Expenses$199,685$195,325▼ $4,360
Other Liabilities$0$76,957▲ $76,957
Total Liabilities$7,894,137$8,467,867▲ $573,730
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$8,528,943$8,747,524▲ $218,581
Net Assets With Donor Restrictions$1,897,766$2,303,646▲ $405,880
Total Net Assets Fund Balance$10,426,709$11,051,170▲ $624,461
Total Liabilities and Net Assets / Fund Balance$18,320,846$19,519,037▲ $1,198,191

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$34,153$37,021$71,174
Compensation and Service Providers
Top Officer Pay35th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
James ReiffExecutive DirectorFT$124,088$16,522$140,610

Board Members and Trustees

NameTitle
Joseph HodgesBoard Chair
Andrew WilliamsBoard Vice Chair
Bobbi PettitMember
Dan MaukMember
Eddie SitzmanMember
Kendall ScheerMember
Michael StoreyMember
Nancy WilliamsMember
Ramone CalzadaMember
Shannon FilingMember
Dave WiseTreasurer/secretary
Revenue and Support

Revenue Composition

Contributions and Grants
$3,677,485
Program Service Revenue
$747,988
Investment Income
$91,498
Other Revenue
$0
All Other Contributions
$3,673,364
Change in Net Assets
$690,441

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,516,971
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$4,516,971
Total Revenue per Form 990
$4,516,971
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,507,505
Salaries, Compensation, and Employee Benefits$1,153,090
Grants and Similar Amounts Paid$165,935
Total Fundraising Expense$33,278
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$578,820$99,715$19,858$698,393
Fees for Services Other$256,002--$256,002
Other Employee Benefits$166,702$28,118$6,025$200,845
Grants to Domestic Orgs$165,935--$165,935
Fees for Services Legal$162,991--$162,991
Current Officers, Directors, Trustees, and Key Employees$116,536$20,076$3,998$140,610
Interest$137,547--$137,547
Payroll Taxes$93,991$15,854$3,397$113,242
All Other Expenses$69,128$9,763-$78,891
Information Technology$54,334$5,154-$59,488
Occupancy$33,001$3,000-$36,001
Travel$35,096$426-$35,522
Advertising$30,468--$30,468
Other Expenses$21,778$2,500-$24,278
Fees for Services Accounting$17,458$5,000-$22,458
Conferences and Meetings$12,633$2,800-$15,433
Depreciation Depletion$7,854$2,618-$10,472
Insurance$4,511$5,000-$9,511
Office Expenses$175$1,491-$1,666
Total Functional Expenses$3,585,666$207,586$33,278$3,826,530

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$3,826,530
Total Expenses per Audited Statements$3,826,530
Total Expenses per Form 990$3,826,530
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Lease Liability$76,957
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
2024-02-20
Discuss with paid preparer
Yes

Organization Details

Principal Officer
James a Reiff
Formed
1997
Legal Domicile
Ne
Voting Board Members
11
Independent Board Members
11
Employees
16
Volunteers
21

Preparer

Firm
Hayes & Associates LLC
Address
10730 PACIFIC STREET, OMAHA, NE 68114
Preparer
Frank Hayes
Phone
4023902480
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IRS990/InvestmentsPubTradedSecGrp/EOYAmt01492693
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt037021
IRS990/LandBldgEquipBasisNetGrp/BOYAmt017382
IRS990/LandBldgEquipBasisNetGrp/EOYAmt034153
IRS990/LandBldgEquipCostOrOtherBssAmt071174
IRS990/LegalDomicileStateCd0NE
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE 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.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt07694452
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt08195585
IRS990/NetAssetsOrFundBalancesBOYAmt010426709
IRS990/NetAssetsOrFundBalancesEOYAmt011051170
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt08528943
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt08747524
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt03000
IRS990/OccupancyGrp/ProgramServicesAmt033001
IRS990/OccupancyGrp/TotalAmt036001
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt01491
IRS990/OfficeExpensesGrp/ProgramServicesAmt0175
IRS990/OfficeExpensesGrp/TotalAmt01666
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0576738
IRS990/OtherAssetsTotalGrp/EOYAmt0689107
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt06025
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt028118
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0166702
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0200845
IRS990/OtherExpensesGrp/Desc0BAD DEBT EXPENSE
IRS990/OtherExpensesGrp/Desc1PROVISION FOR LOAN LOSS
IRS990/OtherExpensesGrp/Desc2SUPPLIES
IRS990/OtherExpensesGrp/Desc3TELEPHONE
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt06071
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt12500
IRS990/OtherExpensesGrp/ProgramServicesAmt0982041
IRS990/OtherExpensesGrp/ProgramServicesAmt1605886
IRS990/OtherExpensesGrp/ProgramServicesAmt232779
IRS990/OtherExpensesGrp/ProgramServicesAmt321778
IRS990/OtherExpensesGrp/TotalAmt0982041
IRS990/OtherExpensesGrp/TotalAmt1605886
IRS990/OtherExpensesGrp/TotalAmt238850
IRS990/OtherExpensesGrp/TotalAmt324278
IRS990/OtherLiabilitiesGrp/BOYAmt00
IRS990/OtherLiabilitiesGrp/EOYAmt076957
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt019858
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt099715
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0578820
IRS990/OtherSalariesAndWagesGrp/TotalAmt0698393
IRS990/OtherWebsiteInd0X
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt07276186
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt08767230
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt03397
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt015854
IRS990/PayrollTaxesGrp/ProgramServicesAmt093991
IRS990/PayrollTaxesGrp/TotalAmt0113242
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0805387
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt01107889
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0JAMES A REIFF
IRS990/PriorPeriodAdjustmentsAmt0-65980
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0522291
IRS990/ProgramServiceRevenueGrp/Desc0LOAN FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0662007
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0662007
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt03563354
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt015834
IRS990/PYOtherExpensesAmt01797335
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt01724710
IRS990/PYRevenuesLessExpensesAmt02496748
IRS990/PYSalariesCompEmpBnftPaidAmt01009815
IRS990/PYTotalExpensesAmt02807150
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt05303898
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0690441
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0662007
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0917183
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0789300
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt03677485
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt03563354
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt05542958
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt01802092
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt01272621
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt015858510
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0839486
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt01740544
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0648091
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0609309
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0642198
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt04479628
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.77310
IRS990ScheduleA/PublicSupportPY170Pct00.74840
IRS990ScheduleA/PublicSupportTotal170Amt015724279
IRS990ScheduleA/SubstantialContributorsTotAmt0134231
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt03677485
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt03563354
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt05542958
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt01802092
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt01272621
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt015858510
IRS990ScheduleA/TotalSupportAmt020338138
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/BookValueAmt034153
IRS990ScheduleD/EquipmentGrp/DepreciationAmt037021
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt071174
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt03826530
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt076957
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0LEASE LIABILITY
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt04516971
IRS990ScheduleD/TotalBookValueLandBuildingsAmt034153
IRS990ScheduleD/TotalExpensesPerForm990Amt03826530
IRS990ScheduleD/TotalLiabilityAmt076957
IRS990ScheduleD/TotalRevenuePerForm990Amt04516971
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt04516971
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt03826530
IRS990ScheduleI/GrantRecordsMaintainedInd00
IRS990ScheduleI/Total501c3OrgCnt00
IRS990ScheduleI/TotalOtherOrgCnt022
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
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

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$19,519,037
Liabilities
$8,467,867
Net assets
$11,051,170
Revenue
$4,516,971
Expenses
$3,826,530
Net income
$690,441
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
2023Detailed filing. Detailed filing data is available for this year.$19.5$8.47$11.1$4.52$3.83$0.69
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
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