Bcda Inc.

“Organization's Mission:The corporation shall be organized as a 501(c)(3) and is to operate for civic, charitable, and educational purposes. Specifically, BCDA Inc. educates the general public, business owner's and students about business development and economic development in Boone County,NE. The corporation shall be a public benefit corporation. The corporaton shall have members.”

“Material Diversion of Assests: BCDA, Inc. Board of Directors terminated the orgainizations office admistrator due to poor job performance on May 4, 2018. Upon reviewing records after the termination many questionable transactions both checks and credit card transations were discovered. The Nebraska Auditor of Public Accounts completed limited planning work and determined that a toal of $27,431.04 was fraudulent during 2017 and 2018. A total of $14,295.74 was fraudulant in 2017 and adjusting journal entries were made to record the theft loss as of 12/31/17. The remainig $13,135.98 theft loss was fraudlent in 2018, adjusting entries were made and is reported on the 2018 990. BCDA, Inc received restitution totaling $27,443.04 in 2018 and is included in the 2018 income. BCDA, Inc has since closed all credit card accounts and made procedural changes such as separating duties of recording, custody and review of cash and payment of claims must have board approval prior to claims payment to prevent further diversion of funds.”

“Organiation's Process to Review form 990. No review was or will be conducted.”

“Governing documents are made to the public upon request.”