Civic Intelligence

Albion Economic Development Corporation

990 • Fiscal year 2017 • EIN 32-0108328

Apr 01, 2016 to Mar 31, 2017 • Filed on Jul 21, 2017

Organization ProfileN/A
PO Box 471Albion, NE 68620

(402) 395-6004

Siviq Scores

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

Liabilities / Assets

45th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2017 filings • 501(c)6 • <$500k nonprofits • Source year 2017

Liabilities / Revenue

45th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2017 filings • 501(c)6 • <$500k nonprofits • Source year 2017

Net Margin

1st percentile

-2719%

Higher net margin than 1% of similar nonprofits.

2017 filings • 501(c)6 • <$500k nonprofits • Source year 2017

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2017

Asset Growth

10th percentile

-31%

Faster asset growth than 10% of similar nonprofits.

2017 filings • 501(c)6 • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

8th percentile

-37%

Faster revenue growth than 8% of similar nonprofits.

2017 filings • 501(c)6 • <$500k nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets45th percentile

Assets

Down

$308,167

Down $141,532 (-31%) from 2016

Net Assets

Down

$308,167

Down $141,532 (-31%) from 2016

Liabilities

Flat

$0

Flat from 2016

Revenue And Expenses
Liabilities / Revenue45th percentileNet Margin1st percentile

Revenue

Down

$5,205

Down $3,117 (-37%) from 2016

Expenses

Up

$146,737

Up $22,540 (+18%) from 2016

Net Income

Down

-$141,532

Down $25,657 (-22%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth10th percentile

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

$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

2017

Assets$308,167
Liabilities$0
Net Assets$308,167
Open 2017 Filing

Operations Trend

Revenue Growth8th percentile

Revenue, expenses, and net income across loaded years, with this 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

2017

Revenue$5,205
Expenses$146,737
Net Income-$141,532
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Apr 1, 2016 to Mar 31, 2017
Signed
Jul 21, 2017
Return Version
2016v3.0
Gross Receipts
$5,205
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$431,235$289,803▼ $141,432
Savings and Temporary Cash Investments$299,555$152,099▼ $147,456
Cap Stk Tr Prin Current Funds$16,480$16,380▼ $100
Pd in Cap Srpls Land Bldg Eqp Fund$1,984$1,984→ $0
Cash and Non-Interest-Bearing Accounts$2,828$1,373▼ $1,455
Total Assets$449,699$308,167▼ $141,532
Other Assets Total$147,316$154,695▲ $7,379
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$449,699$308,167▼ $141,532
Total Liabilities and Net Assets / Fund Balance$449,699$308,167▼ $141,532

Asset Categories

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

Board Members and Trustees

NameTitle
Jeffrey C JareckiPresident/di
Brock KuesterDirector
DANI O'BRIENDirector
John MoellerDirector
Scot DanielsDirector
Tony LevanderDirector
Steven RuzekTreasurer/di
Andy RobertsVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$3,482
Program Service Revenue
$0
Investment Income
$1,723
Other Revenue
$0
All Other Contributions
$2,497
Change in Net Assets
$-141,532
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$139,823
Other Expenses$6,914
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs---$120,000
Grants to Domestic Individuals---$19,823
Fees for Services Other---$2,765
Fees for Services Legal---$938
Information Technology---$750
Fees for Services Accounting---$695
Insurance---$475
Conferences and Meetings---$440
Office Expenses---$428
Advertising---$423
Total Functional Expenses$0$0$0$146,737
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Elkhorn Paving ConstructionNorfolk, NE-Project Assistance$100,000
Bcda IncAlbion, NE-Promote Boone County$20,000
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
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
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
4023956004
Address
PO BOX 471, ALBION, NE 68620

Signing Officer

Name
Jeffrey C Jarecki
Title
President/director
Phone
4023956004
Signed
2017-07-21
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
Schmeits Mueller & Martinsen Pc
Address
2204 14TH ST, COLUMBUS, NE 68601
Preparer
Jordan Mueller CPA
Phone
4025633538
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4D

“The albion economic development corporation (aedc)gave facade improvement/sign grants to 6 local business and individuals totaling 14,823, project assistance of 100,000 to elkhorn paving for the development of a subdivision, and 5,000 to an individual for lot clearing. The aedc also provides funds to the boone county development association (bcda), inc to promote the albion trade area.”

Raw XML Appendix305 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
IRS990/AccountantCompileOrReviewInd0false
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0ORGANIZATION'S PURPOSE IS TO PROMOTE DEVELOPMENT IN THE ALBION TRADE AREA BY LOANING FUNDS AND/OR PROVIDING ECONOMIC ASSISTANCE
IRS990/AdvertisingGrp/TotalAmt0423
IRS990/AllOtherContributionsAmt02497
IRS990/BackupWthldComplianceInd0false
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0SCHMEITS MUELLER & MARTINSEN PC
IRS990/BooksInCareOfDetail/PhoneNum04023956004
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt01212 WEST STATE STREET
IRS990/BooksInCareOfDetail/USAddress/CityNm0ALBION
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NE
IRS990/BooksInCareOfDetail/USAddress/ZIPCd068620
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOfficerEntInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CapStkTrPrinCurrentFundsGrp/BOYAmt016480
IRS990/CapStkTrPrinCurrentFundsGrp/EOYAmt016380
IRS990/CashNonInterestBearingGrp/BOYAmt02828
IRS990/CashNonInterestBearingGrp/EOYAmt01373
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0false
IRS990/CompensationProcessOtherInd0false
IRS990/ConferencesMeetingsGrp/TotalAmt0440
IRS990/ConflictOfInterestPolicyInd0false
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt03482
IRS990/CYGrantsAndSimilarPaidAmt0139823
IRS990/CYInvestmentIncomeAmt01723
IRS990/CYOtherExpensesAmt06914
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt0-141532
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt0146737
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt05205
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/Desc0THE ALBION ECONOMIC DEVELOPMENT CORPORATION (AEDC)GAVE FACADE IMPROVEMENT/SIGN GRANTS TO 6 LOCAL BUSINESS AND INDIVIDUALS TOTALING 14,823, PROJECT ASSISTANCE OF 100,000 TO ELKHORN PAVING FOR THE DEVELOPMENT OF A SUBDIVISION, AND 5,000 TO AN INDIVIDUAL FOR LOT CLEARING. THE AEDC ALSO PROVIDES FUNDS TO THE BOONE COUNTY DEVELOPMENT ASSOCIATION (BCDA), INC TO PROMOTE THE ALBION TRADE AREA.
IRS990/DescribedInSection501c3Ind0false
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0false
IRS990/DonorAdvisedFundInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt00
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/TotalAmt0695
IRS990/FeesForServicesLegalGrp/TotalAmt0938
IRS990/FeesForServicesOtherGrp/TotalAmt02765
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt24.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt61.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt71.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/PersonNm0JEFFREY C JARECKI
IRS990/Form990PartVIISectionAGrp/PersonNm1ANDY ROBERTS
IRS990/Form990PartVIISectionAGrp/PersonNm2STEVEN RUZEK
IRS990/Form990PartVIISectionAGrp/PersonNm3SCOT DANIELS
IRS990/Form990PartVIISectionAGrp/PersonNm4DANI O'BRIEN
IRS990/Form990PartVIISectionAGrp/PersonNm5JOHN MOELLER
IRS990/Form990PartVIISectionAGrp/PersonNm6TONY LEVANDER
IRS990/Form990PartVIISectionAGrp/PersonNm7BROCK KUESTER
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT/DI
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDE
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER/DI
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr02003
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt08
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt019823
IRS990/GrantsToDomesticOrgsGrp/TotalAmt0120000
IRS990/GrantsToIndividualsInd0true
IRS990/GrantsToOrganizationsInd0true
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt05205
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt08
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/TotalAmt0750
IRS990/InsuranceGrp/TotalAmt0475
IRS990/InvestmentIncomeGrp/ExclusionAmt01723
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt01723
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0NE
IRS990/LoanOutstandingInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembershipDuesAmt0985
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingCashInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0ORGANIZATION'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.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt0449699
IRS990/NetAssetsOrFundBalancesEOYAmt0308167
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OfficeExpensesGrp/TotalAmt0428
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0147316
IRS990/OtherAssetsTotalGrp/EOYAmt0154695
IRS990/PartialLiquidationInd0false
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt01984
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt01984
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0JEFFREY C JARECKI
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgSrvcAccomActyOtherGrp/Desc0THE ALBION ECONOMIC DEVELOPMENT CORPORATION (AEDC)GAVE FACADE IMPROVEMENT/SIGN GRANTS TO 6 LOCAL BUSINESS AND INDIVIDUALS TOTALING 14,823, PROJECT ASSISTANCE OF 100,000 TO ELKHORN PAVING FOR THE DEVELOPMENT OF A SUBDIVISION, AND 5,000 TO AN INDIVIDUAL FOR LOT CLEARING. THE AEDC ALSO PROVIDES FUNDS TO THE BOONE COUNTY DEVELOPMENT ASSOCIATION (BCDA), INC TO PROMOTE THE ALBION TRADE AREA.
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt05626
IRS990/PYGrantsAndSimilarPaidAmt0116512
IRS990/PYInvestmentIncomeAmt02696
IRS990/PYOtherExpensesAmt07685
IRS990/PYRevenuesLessExpensesAmt0-115875
IRS990/PYTotalExpensesAmt0124197
IRS990/PYTotalRevenueAmt08322
IRS990/ReconcilationRevenueExpnssAmt0-141532
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0431235
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0289803
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0299555
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0152099
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt093034
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt154982
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt26679
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0BILL BOB'S BIKE SHOP-RESALE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1COOP BUILDING-RESALE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2CLEVELAND LOT
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0154695
IRS990ScheduleI/GrantRecordsMaintainedInd0false
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt014823
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt15000
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0FACADE IMPROVEMENT GRANTS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt1LOT CLEARING
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt06
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt11
IRS990ScheduleI/RecipientTable/CashGrantAmt020000
IRS990ScheduleI/RecipientTable/CashGrantAmt1100000
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0PROMOTE BOONE COUNTY
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1PROJECT ASSISTANCE
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0BCDA INC
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1ELKHORN PAVING CONSTRUCTION
IRS990ScheduleI/RecipientTable/RecipientEIN0464245843
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0233 S 4TH ST
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt1702 W BENJAMIN AVENUE
IRS990ScheduleI/RecipientTable/USAddress/CityNm0ALBION
IRS990ScheduleI/RecipientTable/USAddress/CityNm1NORFOLK
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0NE
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1NE
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd068620
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd168701
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ALBION ECONOMIC DEVELOPMENT CORPORATION (AEDC)GAVE FACADE IMPROVEMENT/SIGN GRANTS TO 6 LOCAL BUSINESS AND INDIVIDUALS TOTALING 14,823, PROJECT ASSISTANCE OF 100,000 TO ELKHORN PAVING FOR THE DEVELOPMENT OF A SUBDIVISION, AND 5,000 TO AN INDIVIDUAL FOR LOT CLEARING. THE AEDC ALSO PROVIDES FUNDS TO THE BOONE COUNTY DEVELOPMENT ASSOCIATION (BCDA), INC TO PROMOTE THE ALBION TRADE AREA.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A COPY OF THE FORM 990 IS AVAILABLE TO THE BOARD PRIOR TO THE FORM 990 BEING FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2GOVERNING DOCUMENTS & FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0449699
IRS990/TotalAssetsEOYAmt0308167
IRS990/TotalAssetsGrp/BOYAmt0449699
IRS990/TotalAssetsGrp/EOYAmt0308167
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt03482
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0146737
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0449699
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0308167
IRS990/TotalRevenueGrp/ExclusionAmt01723
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt05205
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0449699
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0308167
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt02583 ST HWY 14 STE 3
IRS990/USAddress/CityNm0ALBION
IRS990/USAddress/StateAbbreviationCd0NE
IRS990/USAddress/ZIPCd068620
IRS990/VotingMembersGoverningBodyCnt08
IRS990/VotingMembersIndependentCnt08
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JEFFREY C JARECKI
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT/DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum04023956004
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-07-21
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ALBION ECONOMIC DEVELOPMENT
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0CORPORATION
ReturnHeader/Filer/BusinessNameControlTxt0ALBI
ReturnHeader/Filer/EIN0320108328
ReturnHeader/Filer/PhoneNum04023956004
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 471
ReturnHeader/Filer/USAddress/CityNm0ALBION
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NE
ReturnHeader/Filer/USAddress/ZIPCd068620
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0679AEE731951ABB8C6DC16E3F044C99F2366BB8A
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId02AF561AED5CF417DF4A8F4480DC7452C8E7912DA
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0SCHMEITS MUELLER & MARTINSEN PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02204 14TH ST
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0COLUMBUS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd068601
ReturnHeader/PreparerPersonGrp/PhoneNum04025633538
ReturnHeader/PreparerPersonGrp/PreparationDt02017-08-07
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JORDAN MUELLER CPA
ReturnHeader/ReturnTs02017-08-07T13:52:37-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-04-01
ReturnHeader/TaxPeriodEndDt02017-03-31
ReturnHeader/TaxYr02016

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$308,167
Liabilities
$0
Net assets
$308,167
Revenue
$5,205
Expenses
$146,737
Net income
-$141,532
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