Civic Intelligence

Albion Economic Development

EIN 32-0108328 • 501(c)6 • Albion, NE

Profile

Organization's mission is to promote development in the albion trade area by loaning funds or furnishing sites and buildings for industries interested in locating in albion and its trade territory.

127 S 4th StreetAlbion, NE 68620

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

38th percentile

0.08x

Higher debt load relative to assets than 38% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Source year 2025

Liabilities / Revenue

96th percentile

1.23x

Higher debt load relative to revenue than 96% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Source year 2025

Net Margin

55th percentile

6.1%

Higher net margin than 55% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Source year 2025

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

96th percentile

69%

Faster asset growth than 96% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Annualized from 2023 to 2025

Revenue Growth

3rd percentile

-39%

Faster revenue growth than 3% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Annualized from 2023 to 2025

Balance Sheet
Liabilities / Assets38th percentile

Assets

Up

$2,317,314

Up $9,135 (+0.4%) from 2024

Liabilities

Flat

$184,746

Flat from 2024

Net Assets

Up

$2,132,568

Up $9,135 (+0.4%) from 2024

Operations
Liabilities / Revenue96th percentileNet Margin55th percentile

Revenue

Down

$150,700

Down $1,348,059 (-90%) from 2024

Expenses

Down

$141,565

Down $43,145 (-23%) from 2024

Net Income

Down

$9,135

Down $1,304,914 (-99%) from 2024

Trend Graphs

Balance Sheet Trend

Asset Growth96th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$3.0M$2.0M$1.0M$0Assets 2014: $338,251Liabilities 2014: $0Net Assets 2014: $338,2512014Assets 2015: $565,574Liabilities 2015: $0Net Assets 2015: $565,5742015Assets 2016: $449,699Liabilities 2016: $0Net Assets 2016: $449,6992016Assets 2017: $308,167Liabilities 2017: $0Net Assets 2017: $308,1672017Assets 2018: $448,694Liabilities 2018: $0Net Assets 2018: $448,6942018Assets 2019: $591,784Liabilities 2019: $0Net Assets 2019: $591,7842019Assets 2020: $515,658Liabilities 2020: $0Net Assets 2020: $515,6582020Assets 2021: $547,379Liabilities 2021: $0Net Assets 2021: $547,3792021Assets 2022: $588,274Liabilities 2022: $0Net Assets 2022: $588,2742022Assets 2023: $809,384Liabilities 2023: $0Net Assets 2023: $809,3842023Assets 2024: $2,308,179Liabilities 2024: $184,746Net Assets 2024: $2,123,4332024Assets 2025: $2,317,314Liabilities 2025: $184,746Net Assets 2025: $2,132,5682025

Highlighted filing

2025

Assets$2,317,314
Liabilities$184,746
Net Assets$2,132,568
Open 2025 Filing

Operations Trend

Revenue Growth3rd percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.5M$1.0M$500K$0-$500KRevenue 2014: $5,011Expenses 2014: $53,218Net Income 2014: -$48,2072014Revenue 2015: $307,267Expenses 2015: $79,944Net Income 2015: $227,3232015Revenue 2016: $8,322Expenses 2016: $124,197Net Income 2016: -$115,8752016Revenue 2017: $5,205Expenses 2017: $146,737Net Income 2017: -$141,5322017Revenue 2018: $255,827Expenses 2018: $115,300Net Income 2018: $140,5272018Revenue 2019: $220,066Expenses 2019: $76,976Net Income 2019: $143,0902019Revenue 2020: $38,014Expenses 2020: $114,140Net Income 2020: -$76,1262020Revenue 2021: $99,844Expenses 2021: $68,123Net Income 2021: $31,7212021Revenue 2022: $157,458Expenses 2022: $116,563Net Income 2022: $40,8952022Revenue 2023: $402,607Expenses 2023: $181,497Net Income 2023: $221,1102023Revenue 2024: $1,498,759Expenses 2024: $184,710Net Income 2024: $1,314,0492024Revenue 2025: $150,700Expenses 2025: $141,565Net Income 2025: $9,1352025

Highlighted filing

2025

Revenue$150,700
Expenses$141,565
Net Income$9,135
Open 2025 Filing

Filings

Most recent year

2025 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,317,314
Liabilities
$184,746
Net assets
$2,132,568
Revenue
$150,700
Expenses
$141,565
Net income
$9,135
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$2.32$0.18$2.13$0.15$0.14$0.01
2024Detailed filing. Detailed filing data is available for this year.$2.31$0.18$2.12$1.50$0.18$1.31
2023Detailed filing. Detailed filing data is available for this year.$0.81$0.00$0.81$0.40$0.18$0.22
2022Detailed filing. Detailed filing data is available for this year.$0.59$0.00$0.59$0.16$0.12$0.04
2021Detailed filing. Detailed filing data is available for this year.$0.55$0.00$0.55$0.10$0.07$0.03
2020Detailed filing. Detailed filing data is available for this year.$0.52$0.00$0.52$0.04$0.11$0.08
2019Detailed filing. Detailed filing data is available for this year.$0.59$0.00$0.59$0.22$0.08$0.14
2018Detailed filing. Detailed filing data is available for this year.$0.45$0.00$0.45$0.26$0.12$0.14
2017Detailed filing. Detailed filing data is available for this year.$0.31$0.00$0.31$0.01$0.15$0.14
2016Detailed filing. Detailed filing data is available for this year.$0.45$0.00$0.45$0.01$0.12$0.12
2015Detailed filing. Detailed filing data is available for this year.$0.57$0.00$0.57$0.31$0.08$0.23
2014Detailed filing. Detailed filing data is available for this year.$0.34$0.00$0.34$0.01$0.05$0.05
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Apr 1, 2024 to Mar 31, 2025
Signed
Aug 4, 2025
Return Version
2024v5.0
Gross Receipts
$617,708
Mission and Program Overview

Mission

Organization's mission is to promote development in the albion trade area by loaning funds or furnishing sites and buildings for industries interested in locating in albion and its trade territory.

Organization's purpose is to promote development in the albion trade area by loaning funds and/or providing economic assistance

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$2,123,433$2,132,568▲ $9,135
Savings and Temporary Cash Investments$1,108,434$1,368,917▲ $260,483
Land, Buildings, and Equipment, Net$207,413$199,088▼ $8,325
Other Notes and Loans Receivable, Net$100,627$50,439▼ $50,188
Cash and Non-Interest-Bearing Accounts$24,603$29,744▲ $5,141
Total Assets$2,308,179$2,317,314▲ $9,135
Other Assets Total$867,102$669,126▼ $197,976
Liabilities
Other Liabilities$184,746$184,746→ $0
Total Liabilities$184,746$184,746→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$2,123,433$2,132,568▲ $9,135
Total Liabilities and Net Assets / Fund Balance$2,308,179$2,317,314▲ $9,135

Asset Categories

AssetBook ValueDepreciationBasis
Land$10,000-$10,000
Other Assets Org$6,679--
Compensation and Service Providers
Top Officer PayScore unavailable

Board Members and Trustees

NameTitle
Jeffrey C JareckiPresident/di
Brock KuesterDirector
John MoellerDirector
Michelle GragertDirector
Samantha KlevelandDirector
Tony LevanderDirector
Steven RuzekTreasurer
Andy RobertsVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$12,227
Program Service Revenue
$64,203
Investment Income
$74,270
Other Revenue
$0
All Other Contributions
$8,727
Change in Net Assets
$9,135
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$75,989
Other Expenses$65,576
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$75,989--$75,989
Occupancy$11,621$3,873-$15,494
Interest$15,031--$15,031
Depreciation Depletion$8,494$2,831-$11,325
Fees for Services Accounting$5,437$1,813-$7,250
Fees for Services Other$610$4,160-$4,770
Insurance$3,279$1,093-$4,372
Advertising$1,944--$1,944
Information Technology$1,371$457-$1,828
Conferences and Meetings$945--$945
Travel$730--$730
Office Expenses$112$38-$150
Other Expenses$40$50-$40
Total Functional Expenses$126,838$14,727$0$141,565
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Bo Co Ag Ed CenterAlbion, NE-Fairground Project$10,000
Boone BeginningsAlbion, NE-Early Childhood Dev$10,000
Ek Holdings LLCAlbion, NE-Infrastructure Grant-
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
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Note Payable-cornerstone Bank$184,746
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

“A copy of the form 990 is available to the board prior to the form 990 being filed.”

Form 990, Page 6, Part VI, Line 19

“Governing documents & financial statements are available upon request.”

Filing and Contact Details

Filer

Filer Name
Albion Economic Development
EIN
32-0108328
Phone
4023954453
Address
127 S 4TH STREET, ALBION, NE 68620

Signing Officer

Name
Jeffrey C Jarecki
Title
President/director
Phone
4023956004
Signed
2025-08-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jeffrey C Jarecki
Formed
2003
Legal Domicile
Ne
Voting Board Members
8
Independent Board Members
8
Employees
0

Preparer

Firm
Mueller & Honcik Pc
Address
1365 24TH AVENUE STE 100, COLUMBUS, NE 68601-5025
Preparer
Jordan Mueller CPA
Phone
4025633538
Raw XML Appendix373 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.

Path#Value
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ReturnHeader/BuildTS02025-03-06 01:10:19Z
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ReturnHeader/BusinessOfficerGrp/SignatureDt02025-08-04
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ALBION ECONOMIC DEVELOPMENT
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0CORPORATION
ReturnHeader/Filer/BusinessNameControlTxt0ALBI
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ReturnHeader/Filer/PhoneNum04023954453
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ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0MUELLER & HONCIK PC
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0686015025
ReturnHeader/PreparerPersonGrp/PhoneNum04025633538
ReturnHeader/PreparerPersonGrp/PreparationDt02025-08-07
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JORDAN MUELLER CPA
ReturnHeader/ReturnTs02025-08-07T12:58:01-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-04-01
ReturnHeader/TaxPeriodEndDt02025-03-31
ReturnHeader/TaxYr02024

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