Civic Intelligence

Greater Norfolk Economic Development Foundation Inc.

990 • Fiscal year 2018 • EIN 36-3441719

Jan 01, 2018 to Dec 31, 2018 • Filed on Jun 12, 2019

Organization ProfileN/A
609 W Norfolk AveNorfolk, NE 68701

(402) 844-2264

Siviq Scores

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

Liabilities / Assets

72nd percentile

0.31x

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

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

93rd percentile

3.07x

Higher debt load relative to revenue than 93% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

96th percentile

76%

Higher net margin than 96% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

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.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

70th percentile

8.4%

Faster asset growth than 70% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

16th percentile

-17%

Faster revenue growth than 16% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets72nd percentile

Assets

Up

$1,948,856

Up $151,650 (+8.4%) from 2017

Net Assets

Up

$1,346,324

Up $149,118 (+12%) from 2017

Liabilities

Up

$602,532

Up $2,532 (+0.4%) from 2017

Revenue And Expenses
Liabilities / Revenue93rd percentileNet Margin96th percentile

Revenue

Down

$196,011

Down $39,656 (-17%) from 2017

Expenses

Down

$46,893

Down $11,276 (-19%) from 2017

Net Income

Down

$149,118

Down $28,380 (-16%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth70th 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

2018

Assets$1,948,856
Liabilities$602,532
Net Assets$1,346,324
Open 2018 Filing

Operations Trend

Revenue Growth16th 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

2018

Revenue$196,011
Expenses$46,893
Net Income$149,118
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Jun 12, 2019
Return Version
2018v3.1
Gross Receipts
$196,011
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
Cash and Non-Interest-Bearing Accounts$920,842$1,119,502▲ $198,660
Land, Buildings, and Equipment, Net$860,030$829,354▼ $30,676
Accounts Receivable$16,334$0▼ $16,334
Total Assets$1,797,206$1,948,856▲ $151,650
Liabilities
Mortgage Notes Payable Secured by Investment Property$600,000$600,000→ $0
Accounts Payable and Accrued Expenses-$2,532-
Total Liabilities$600,000$602,532▲ $2,532
Net Assets / Fund Balance
Unrestricted Net Assets$1,197,206$1,346,324▲ $149,118
Total Net Assets Fund Balance$1,197,206$1,346,324▲ $149,118
Total Liabilities and Net Assets / Fund Balance$1,797,206$1,948,856▲ $151,650

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$669,531$320,116$989,647
Other Land Buildings$159,823$139,799$299,622
Compensation and Service Providers
Top Officer Pay35th percentile

Board Members and Trustees

NameTitle
Russ WilcoxPresident
Ron SchmidtVice-President
Angie StengerDirector
Josh MoenningDirector
Mike SousekDirector
Steven SundermanDirector
Sue FuchtmanDirector
Thomas Higginbotham JrDirector
Jim BradfordSecretary/Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$196,011
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$149,118
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$46,893
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$30,676--$30,676
Fees for Services Accounting-$15,868-$15,868
Office Expenses-$344-$344
Other Expenses-$5-$5
Total Functional Expenses$30,676$16,217$0$46,893
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
Yes
Annual disclosure for covered persons
Yes
Audit committee
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
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
EIN
36-3441719
Phone
4028442264
Address
609 W Norfolk Ave, Norfolk, NE 68701

Signing Officer

Name
Russ Wilcox
Title
President
Phone
4028442264
Signed
2019-06-12
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
McMill CPA PC
Address
PO Box 1264, Norfolk, NE 68702
Preparer
Melissa Holan CPA
Phone
4023711160
Raw XML Appendix399 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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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/FormAndLineReferenceDesc0Form 990, Part VI, Section B, line 11b
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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/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01797206
IRS990/TotalAssetsEOYAmt01948856
IRS990/TotalAssetsGrp/BOYAmt01797206
IRS990/TotalAssetsGrp/EOYAmt01948856
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt016217
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt030676
IRS990/TotalFunctionalExpensesGrp/TotalAmt046893
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0600000
IRS990/TotalLiabilitiesEOYAmt0602532
IRS990/TotalLiabilitiesGrp/BOYAmt0600000
IRS990/TotalLiabilitiesGrp/EOYAmt0602532
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01197206
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01346324
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt030676
IRS990/TotalProgramServiceRevenueAmt0196011
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0196011
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0196011
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt010
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01797206
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01948856
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt01197206
IRS990/UnrestrictedNetAssetsGrp/EOYAmt01346324
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0609 W Norfolk Ave
IRS990/USAddress/CityNm0Norfolk
IRS990/USAddress/StateAbbreviationCd0NE
IRS990/USAddress/ZIPCd068701
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0Russ Wilcox
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/PhoneNum04028442264
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-06-12
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Greater Norfolk Economic Development
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0Foundation
ReturnHeader/Filer/BusinessNameControlTxt0GREA
ReturnHeader/Filer/EIN0363441719
ReturnHeader/Filer/PhoneNum04028442264
ReturnHeader/Filer/USAddress/AddressLine1Txt0609 W Norfolk Ave
ReturnHeader/Filer/USAddress/CityNm0Norfolk
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NE
ReturnHeader/Filer/USAddress/ZIPCd068701
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0F887CF53E584D5DBC59CF469E65B2AE5E052B094
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0794B0B4C40E85F715E59D6F28B024F12FABA325A
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt063.224.175.75
ReturnHeader/FilingSecurityInformation/IPDt02019-06-12
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm013:54:29
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0201430448
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0McMill CPA PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO Box 1264
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Norfolk
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd068702
ReturnHeader/PreparerPersonGrp/PhoneNum04023711160
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Melissa Holan CPA
ReturnHeader/ReturnTs02019-06-20T17:02:07-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02018-01-01
ReturnHeader/TaxPeriodEndDt02018-12-31
ReturnHeader/TaxYr02018

Document Assets

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,948,856
Liabilities
$602,532
Net assets
$1,346,324
Revenue
$196,011
Expenses
$46,893
Net income
$149,118
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