Civic Intelligence

Greater Norfolk Economic Development Foundation Inc.

990 • Fiscal year 2016 • EIN 36-3441719

Jan 01, 2016 to Dec 31, 2016 • Filed on May 12, 2017

Organization ProfileN/A
PO Box 386Norfolk, NE 68702-0386

(402) 371-4862

Siviq Scores

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

Liabilities / Assets

75th percentile

0.40x

Higher debt load relative to assets than 75% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

89th percentile

1.74x

Higher debt load relative to revenue than 89% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Net Margin

90th percentile

42%

Higher net margin than 90% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Asset Growth

25th percentile

-4.0%

Faster asset growth than 25% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

8th percentile

-41%

Faster revenue growth than 8% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets75th percentile

Assets

Down

$1,698,437

Down $71,674 (-4.0%) from 2015

Net Assets

Up

$1,019,706

Up $164,841 (+19%) from 2015

Liabilities

Down

$678,731

Down $236,515 (-26%) from 2015

Revenue And Expenses
Liabilities / Revenue89th percentileNet Margin90th percentile

Revenue

Down

$390,719

Down $275,633 (-41%) from 2015

Expenses

Down

$225,877

Down $28,997 (-11%) from 2015

Net Income

Down

$164,842

Down $246,636 (-60%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth25th percentile

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

$15M$10M$5.0M$0Assets 2010: $1,841,571Liabilities 2010: $1,483,051Net Assets 2010: $358,5202010Assets 2011: $1,567,743Liabilities 2011: $1,123,854Net Assets 2011: $443,8892011Assets 2012: $1,576,081Liabilities 2012: $1,119,933Net Assets 2012: $456,1482012Assets 2013: $1,587,548Liabilities 2013: $1,122,194Net Assets 2013: $465,3542013Assets 2014: $1,554,891Liabilities 2014: $1,111,505Net Assets 2014: $443,3862014Assets 2015: $1,770,111Liabilities 2015: $915,246Net Assets 2015: $854,8652015Assets 2016: $1,698,437Liabilities 2016: $678,731Net Assets 2016: $1,019,7062016Assets 2017: $1,797,206Liabilities 2017: $600,000Net Assets 2017: $1,197,2062017Assets 2018: $1,948,856Liabilities 2018: $602,532Net Assets 2018: $1,346,3242018Assets 2019: $5,838,815Liabilities 2019: $4,060,844Net Assets 2019: $1,777,9712019Assets 2020: $6,705,552Liabilities 2020: $4,566,187Net Assets 2020: $2,139,3652020Assets 2021: $11,167,245Liabilities 2021: $7,841,261Net Assets 2021: $3,325,9842021Assets 2022: $9,485,734Liabilities 2022: $7,544,528Net Assets 2022: $1,941,2062022Assets 2023: $9,312,439Liabilities 2023: $7,461,344Net Assets 2023: $1,851,0952023Assets 2024: $8,974,752Liabilities 2024: $7,381,375Net Assets 2024: $1,593,3772024

Highlighted filing

2016

Assets$1,698,437
Liabilities$678,731
Net Assets$1,019,706
Open 2016 Filing

Operations Trend

Revenue Growth8th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$3.0M$2.0M$1.0M$0-$1.0M-$2.0MExpenses 2010: $710,8792010Expenses 2011: $558,6172011Expenses 2012: $194,6172012Revenue 2013: $190,035Expenses 2013: $180,829Net Income 2013: $9,2062013Revenue 2014: $266,368Expenses 2014: $288,337Net Income 2014: -$21,9692014Revenue 2015: $666,352Expenses 2015: $254,874Net Income 2015: $411,4782015Revenue 2016: $390,719Expenses 2016: $225,877Net Income 2016: $164,8422016Revenue 2017: $235,667Expenses 2017: $58,169Net Income 2017: $177,4982017Revenue 2018: $196,011Expenses 2018: $46,893Net Income 2018: $149,1182018Revenue 2019: $616,545Expenses 2019: $184,899Net Income 2019: $431,6462019Revenue 2020: $952,985Expenses 2020: $591,594Net Income 2020: $361,3912020Revenue 2021: $1,617,503Expenses 2021: $430,741Net Income 2021: $1,186,7622021Revenue 2022: $800,725Expenses 2022: $2,185,125Net Income 2022: -$1,384,4002022Revenue 2023: $1,274,311Expenses 2023: $1,364,423Net Income 2023: -$90,1122023Revenue 2024: $549,096Expenses 2024: $806,815Net Income 2024: -$257,7192024

Highlighted filing

2016

Revenue$390,719
Expenses$225,877
Net Income$164,842
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
May 12, 2017
Return Version
2016v3.0
Gross Receipts
$390,719
Mission and Program Overview

Mission

Provide support to develop education, recreation, the local economy and other issues affecting the community in the future.

Provide programs to promote development.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$959,660$926,863▼ $32,797
Cash and Non-Interest-Bearing Accounts$768,364$771,574▲ $3,210
Accounts Receivable$31,196--
Savings and Temporary Cash Investments$10,891--
Total Assets$1,770,111$1,698,437▼ $71,674
Liabilities
Mortgage Notes Payable Secured by Investment Property$908,332$678,159▼ $230,173
Accounts Payable and Accrued Expenses$6,914$572▼ $6,342
Total Liabilities$915,246$678,731▼ $236,515
Net Assets / Fund Balance
Unrestricted Net Assets$854,865$1,019,706▲ $164,841
Total Net Assets Fund Balance$854,865$1,019,706▲ $164,841
Total Liabilities and Net Assets / Fund Balance$1,770,111$1,698,437▼ $71,674

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$748,516$281,803$1,030,319
Other Land Buildings$142,190$116,760$258,950
Land$36,157-$36,157
Compensation and Service Providers
Top Officer Pay35th percentile

Board Members and Trustees

NameTitle
Russ WilcoxPresident
Ron SchmidtVice-President
Josh MoenningDirector
Kent WarnekeDirector
Steve McNallyDirector
Steven SundermanDirector
Sue FuchtmanDirector
Tim TigheDirector
Jim BradfordSecretary/Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$390,710
Investment Income
$9
Other Revenue
$0
Change in Net Assets
$164,842
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$214,979
Grants and Similar Amounts Paid$10,898
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$148,712--$148,712
Depreciation Depletion$32,798--$32,798
Fees for Services Accounting-$21,850-$21,850
Grants to Domestic Orgs$10,898--$10,898
Interest$10,326--$10,326
Office Expenses-$1,293-$1,293
Total Functional Expenses$202,734$23,143$0$225,877
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Norfolk Area Chamber of Commerce FoundationNorfolk, NE501 (c)(3)Assistance was given to the foundation so that they can continue serving their mission statement.$10,898
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
No
Other officer compensation reviewed
No
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

“A copy of the Form 990 was given to the governing body to review before it was filed.”

Form 990, Part VI, Section C, line 19

“The governing documents are made available upon request at the organization's office.”

Filing and Contact Details

Filer

Filer Name
Greater Norfolk Economic Development Fou
EIN
36-3441719
Phone
4023714862
Address
PO Box 386, Norfolk, NE 68702-0386

Signing Officer

Name
Russ Wilcox
Title
President
Phone
4023714862
Signed
2017-05-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Russ Wilcox
Formed
1986
Legal Domicile
Ne
Voting Board Members
9
Independent Board Members
9
Employees
0
Volunteers
10

Preparer

Firm
Christensen Brozek Faltys PC
Address
PO Box 1264, Norfolk, NE 68702
Preparer
Melissa Holan CPA
Phone
4023711160
Supplemental Narrative

Additional Explanations

Form 990, Part XI, line 9:

“Rounding -1.”

Raw XML AppendixShowing 400 of 420 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.

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IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0142190
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0116760
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0258950
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0926863
IRS990ScheduleI/GrantRecordsMaintainedInd00
IRS990ScheduleI/RecipientTable/CashGrantAmt010898
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501 (c)(3)
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0Assistance was given to the foundation so that they can continue serving their mission statement.
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0Norfolk Area Chamber of Commerce Foundation
IRS990ScheduleI/RecipientTable/RecipientEIN0271441871
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0PO Box 386
IRS990ScheduleI/RecipientTable/USAddress/CityNm0Norfolk
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0NE
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd068701
IRS990ScheduleI/Total501c3OrgCnt01
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A copy of the Form 990 was given to the governing body to review before it was filed.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The governing documents are made available upon request at the organization's office.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Rounding -1.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section C, line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part XI, line 9:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd10
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0Norfolk Area Chamber of Commerce
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1Norfolk Area Chamber of Commerce Foundation
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0470253970
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN1271441871
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(c)(6)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt1501(c)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0NE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd1NE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0Benefit members through various programs.
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt1Dedication to charitable activities and community development activities
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0Line 7
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0609 W Norfolk Ave
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt1609 W Norfolk Ave
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0Norfolk
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm1Norfolk
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0NE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd1NE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd068701
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd168701
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd01
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01770111
IRS990/TotalAssetsEOYAmt01698437
IRS990/TotalAssetsGrp/BOYAmt01770111
IRS990/TotalAssetsGrp/EOYAmt01698437
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt023143
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0202734
IRS990/TotalFunctionalExpensesGrp/TotalAmt0225877
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0915246
IRS990/TotalLiabilitiesEOYAmt0678731
IRS990/TotalLiabilitiesGrp/BOYAmt0915246
IRS990/TotalLiabilitiesGrp/EOYAmt0678731
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0854865
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01019706
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0202734
IRS990/TotalProgramServiceRevenueAmt0390710
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt09
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0390710
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0390719
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt010
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01770111
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01698437
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0854865
IRS990/UnrestrictedNetAssetsGrp/EOYAmt01019706
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO Box 386
IRS990/USAddress/CityNm0Norfolk
IRS990/USAddress/StateAbbreviationCd0NE
IRS990/USAddress/ZIPCd0687020386
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0Russ Wilcox
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/PhoneNum04023714862
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-05-12
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Greater Norfolk Economic Development Fou
ReturnHeader/Filer/BusinessNameControlTxt0GREA
ReturnHeader/Filer/EIN0363441719
ReturnHeader/Filer/PhoneNum04023714862
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO Box 386
ReturnHeader/Filer/USAddress/CityNm0Norfolk
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NE
ReturnHeader/Filer/USAddress/ZIPCd0687020386

Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,698,437
Liabilities
$678,731
Net assets
$1,019,706
Revenue
$390,719
Expenses
$225,877
Net income
$164,842
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$8.97$7.38$1.59$0.55$0.81$0.26
2023Detailed filing. Detailed filing data is available for this year.$9.31$7.46$1.85$1.27$1.36$0.09
2022Detailed filing. Detailed filing data is available for this year.$9.49$7.54$1.94$0.80$2.19$1.38
2021Detailed filing. Detailed filing data is available for this year.$11.2$7.84$3.33$1.62$0.43$1.19
2020Detailed filing. Detailed filing data is available for this year.$6.71$4.57$2.14$0.95$0.59$0.36
2019Detailed filing. Detailed filing data is available for this year.$5.84$4.06$1.78$0.62$0.18$0.43
2018Detailed filing. Detailed filing data is available for this year.$1.95$0.60$1.35$0.20$0.05$0.15
2017Detailed filing. Detailed filing data is available for this year.$1.80$0.60$1.20$0.24$0.06$0.18
2016Detailed filing. Detailed filing data is available for this year.$1.70$0.68$1.02$0.39$0.23$0.16
2015Detailed filing. Detailed filing data is available for this year.$1.77$0.92$0.85$0.67$0.25$0.41
2014Detailed filing. Detailed filing data is available for this year.$1.55$1.11$0.44$0.27$0.29$0.02
2013Detailed filing. Detailed filing data is available for this year.$1.59$1.12$0.47$0.19$0.18$0.01
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.58$1.12$0.46$0.19
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.57$1.12$0.44$0.56
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.84$1.48$0.36$0.71