Civic Intelligence

Panhandle Area Development District

990 • Fiscal year 2018 • EIN 47-0545622

Jul 01, 2017 to Jun 30, 2018 • Filed on Feb 04, 2019

1620 BROADWAY No E-10Scottsbluff, NE 69361

(308) 436-6854

Siviq Scores

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

Liabilities / Assets

65th percentile

0.21x

Higher debt load relative to assets than 65% of similar nonprofits.

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

Liabilities / Revenue

73rd percentile

0.34x

Higher debt load relative to revenue than 73% of similar nonprofits.

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

Net Margin

95th percentile

70%

Higher net margin than 95% of similar nonprofits.

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

Top Officer Pay

53rd percentile

$69,148

Higher top officer pay than 53% of similar nonprofits.

Top officer pay equals 4.8% of source-year revenue.

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

Asset Growth

94th percentile

74%

Faster asset growth than 94% of similar nonprofits.

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

Revenue Growth

92nd percentile

83%

Faster revenue growth than 92% of similar nonprofits.

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

Assets

Up

$2,260,694

Up $961,110 (+74%) from 2017

Net Assets

Up

$1,775,097

Up $1,003,113 (+130%) from 2017

Liabilities

Down

$485,597

Down $42,003 (-8.0%) from 2017

Revenue

Up

$1,434,137

Up $651,845 (+83%) from 2017

Expenses

Down

$431,025

Down $74,087 (-15%) from 2017

Net Income

Up

$1,003,112

Up $725,932 (+262%) from 2017

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2010: $1,336,176Liabilities 2010: $691,627Net Assets 2010: $644,5492010Assets 2011: $1,275,341Liabilities 2011: $672,909Net Assets 2011: $602,4322011Assets 2012: $1,245,147Liabilities 2012: $635,129Net Assets 2012: $610,0182012Assets 2013: $1,263,413Liabilities 2013: $609,350Net Assets 2013: $654,0632013Assets 2014: $1,124,745Liabilities 2014: $587,386Net Assets 2014: $537,3592014Assets 2015: $1,059,011Liabilities 2015: $567,843Net Assets 2015: $491,1682015Assets 2016: $1,032,484Liabilities 2016: $537,680Net Assets 2016: $494,8042016Assets 2017: $1,299,584Liabilities 2017: $527,600Net Assets 2017: $771,9842017Assets 2018: $2,260,694Liabilities 2018: $485,597Net Assets 2018: $1,775,0972018Assets 2019: $1,233,398Liabilities 2019: $489,653Net Assets 2019: $743,7452019Assets 2020: $1,185,840Liabilities 2020: $455,090Net Assets 2020: $730,7502020Assets 2021: $2,298,624Liabilities 2021: $409,318Net Assets 2021: $1,889,3062021Assets 2022: $2,298,624Liabilities 2022: $409,318Net Assets 2022: $1,889,3062022Assets 2023: $1,992,873Liabilities 2023: $840,917Net Assets 2023: $1,151,9562023Assets 2024: $2,168,793Liabilities 2024: $315,470Net Assets 2024: $1,853,3232024Assets 2025: $2,130,027Liabilities 2025: $286,156Net Assets 2025: $1,843,8712025

Highlighted filing

2018

Assets$2,260,694
Liabilities$485,597
Net Assets$1,775,097

Operations Trend

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

$2.0M$1.0M$0-$1.0M-$2.0MExpenses 2010: $297,8802010Expenses 2011: $441,0832011Expenses 2012: $320,7532012Revenue 2013: $290,369Expenses 2013: $246,324Net Income 2013: $44,0452013Revenue 2014: $189,089Expenses 2014: $305,793Net Income 2014: -$116,7042014Revenue 2015: $250,133Expenses 2015: $296,324Net Income 2015: -$46,1912015Revenue 2016: $345,887Expenses 2016: $342,251Net Income 2016: $3,6362016Revenue 2017: $782,292Expenses 2017: $505,112Net Income 2017: $277,1802017Revenue 2018: $1,434,137Expenses 2018: $431,025Net Income 2018: $1,003,1122018Revenue 2019: $419,229Expenses 2019: $1,450,581Net Income 2019: -$1,031,3522019Revenue 2020: $413,208Expenses 2020: $426,203Net Income 2020: -$12,9952020Revenue 2021: $1,640,034Expenses 2021: $481,478Net Income 2021: $1,158,5562021Revenue 2022: $1,640,034Expenses 2022: $481,478Net Income 2022: $1,158,5562022Revenue 2023: $464,159Expenses 2023: $296,716Net Income 2023: $167,4432023Revenue 2024: $1,068,503Expenses 2024: $367,136Net Income 2024: $701,3672024Revenue 2025: $305,674Expenses 2025: $315,126Net Income 2025: -$9,4522025

Highlighted filing

2018

Revenue$1,434,137
Expenses$431,025
Net Income$1,003,112
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Feb 4, 2019
Return Version
2017v2.3
Gross Receipts
$1,434,137
Mission and Program Overview

Mission

Panhandle area development district's purpose is to assist local governements with economic development and resource conservation within the geographical region of the nebraska panhandle. The organization was created under the state of nebraska interlocal cooperation act of 1962.

Panhandle area development district's purpose is to assist local governments with economic development and resource conservation within the geographical region of the nebraska panhandle. The organization was created under the state of nebraska interlocal cooperation act of 1962.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$469,885$1,449,523▲ $979,638
Savings and Temporary Cash Investments$653,660$616,203▼ $37,457
Cash and Non-Interest-Bearing Accounts$159,165$170,812▲ $11,647
Accounts Receivable$11,111$20,500▲ $9,389
Land, Buildings, and Equipment, Net$5,764$3,656▼ $2,108
Total Assets$1,299,585$2,260,694▲ $961,109
Liabilities
Mortgage Notes Payable Secured by Investment Property$492,530$465,618▼ $26,912
Accounts Payable and Accrued Expenses$35,070$19,979▼ $15,091
Total Liabilities$527,600$485,597▼ $42,003
Net Assets / Fund Balance
Temporarily Rstr Net Assets$621,093$1,599,947▲ $978,854
Unrestricted Net Assets$150,892$175,150▲ $24,258
Total Net Assets Fund Balance$771,985$1,775,097▲ $1,003,112
Total Liabilities and Net Assets / Fund Balance$1,299,585$2,260,694▲ $961,109

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$3,656$25,475$29,131
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jeff KelleyExecutive DirectorFT$62,145$7,003$69,148

Board Members and Trustees

NameTitle
Deb CottierPresident
Starr LehlInterim Vice President
Amy SappBoard Member
Barb SchaubBoard Member
Casey SmithBoard Member
Charles BrowneBoard Member
Chris HeiserBoard Member
Chris PeralesBoard Member
Dixann KrajewskiBoard Member
Josh SkavdahlBoard Member
Karla FiscusBoard Member
Kim RobbBoard Member
Lane DanielzukBoard Member
Larry EngstromBoard Member
Mark ReichertBoard Member
Melissa NorgardBoard Member
Nathan JohnsonBoard Member
Pat ComfortBoard Member
Perry MaderBoard Member
Phil SandersBoard Member
Ronda BlakeBoard Member
Samantha JacksonBoard Member
Stephanie ScherbarthBoard Member
Verne HackbarthBoard Member
Webb JohnsonBoard Member
Janine SchmidtSecretary/treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,199,439
Program Service Revenue
$110,844
Investment Income
$29,001
Other Revenue
$94,853
All Other Contributions
$1,065,150
Change in Net Assets
$1,003,112

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,434,137
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,434,137
Total Revenue per Form 990
$1,434,137
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$208,580
Other Expenses$172,758
Grants and Similar Amounts Paid$49,687
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$123,226--$123,226
Advertising$63,909--$63,909
Current Officers, Directors, Trustees, and Key Employees-$62,145-$62,145
Grants to Domestic Individuals$49,687--$49,687
Pension Plan Contributions$12,026$7,003-$19,029
Office Expenses$16,697--$16,697
Occupancy-$13,500-$13,500
Fees for Services Other$10,232--$10,232
Travel$10,090--$10,090
Interest$4,925--$4,925
Fees for Services Accounting-$3,437-$3,437
Other Expenses$3,364--$3,364
Payroll Taxes$2,048$976-$3,024
All Other Expenses$2,862--$2,862
Depreciation Depletion$2,831--$2,831
Insurance$2,310--$2,310
Other Employee Benefits-$1,156-$1,156
Total Functional Expenses$342,808$88,217$0$431,025

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$431,025
Total Expenses per Audited Statements$431,025
Total Expenses per Form 990$431,025
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
No
Audit committee
No
Backup withholding compliance
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
Yes
Other officer compensation reviewed
Yes
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

AVAILABLE UPON REQUEST

Form 990, Part VI, Section B, line 12C

The board of directors enforces conflicts as they arise according to the conflict of interest policy.

Form 990, Part VI, Section B, line 15

Annual review of executive committee by the board of directors. Board of directors approves budget.

Form 990, Part VI, Section C, line 19

Governing documents disclosure explanation available upon request.

Filing and Contact Details

Filer

Filer Name
Panhandle Area Development District
EIN
47-0545622
Phone
3084366854
Address
1620 BROADWAY No E-10, SCOTTSBLUFF, NE 69361

Signing Officer

Name
Deb Cottier
Title
Board President
Phone
3084366854
Signed
2019-02-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Deb Cottier
Formed
1973
Legal Domicile
Ne
Voting Board Members
26
Independent Board Members
26
Employees
5
Volunteers
0

Preparer

Firm
KSO CPA's PC
Address
404 E 25TH STREET, KEARNEY, NE 68847
Preparer
Jessica Dailey CPA
Phone
3082345565
Supplemental Narrative

Financial Statement Notes

Part X, Line 2:

THE DISTRICT ACCOUNTS FOR UNCERTAINTY IN INCOME TAXES USING THE PROVISIONS OF FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ASC 740, INCOME TAXES. USING THAT GUIDANCE, TAX POSITIONS INITIALLY NEED TO BE RECOGNIZED IN THE FINANCIAL STATEMENTS WHEN IT IS MORE-LIKELY-THAN-NOT THE POSITION WILL BE SUSTAINED UPON EXAMINATION BY THE TAXING AUTHORITIES. THE DISTRICT IS A NOT-FOR-PROFIT CORPORATION AND HAS BEEN RECOGNIZED AS TAX EXEMPT PURSUANT TO SECTION 501(c)(3) OF THE INTERNAL REVENUE CODE AND IS NOT A PRIVATE FOUNDATION. THE DISTRICT IS NOT LIABLE FOR INCOME TAXES IF IT OPERATES WITHIN THE CONFINES OF ITS EXEMPT STATUS, THOUGH THE DISTRICT MAY BE RESPONSIBLE FOR TAXES ON UNRELATED BUSINESS ACTIVITIES. IN THE EVENT OF AN EXAMINATION OF THE INCOME TAX RETURNS, THE TAX LIABILITY OF THE DISTRICT COULD BE CHANGED IF AN ADJUSTMENT IN THE TAX EXEMPT PURPOSE OR INCOME FROM UNRELATED BUSINESS ACTIVITIES IS ULTIMATELY DETERMINED BY THE TAXING AUTHORITIES. AS OF JUNE 30, 2018, THE DISTRICT HAD NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE DISTRICT'S INCOME TAX FILINGS ARE SUBJECT TO AUDIT BY VARIOUS TAXING AUTHORITIES. THE DISTRICT IS NO LONGER SUBJECT TO FEDERAL AND STATE INCOME TAX EXAMINATIONS BY TAXING AUTHORITIES FOR YEARS BEFORE 2015. MANAGEMENT CONTINUALLY EVALUATES EXPIRING STATUTES OF LIMITATION, AUDITS, PROPOSED SETTLEMENTS, CHANGES IN TAX LAW AND NEW AUTHORITATIVE RULINGS. THE DISTRICT BELIEVES THEIR ESTIMATES ARE APPROPRIATE BASED ON CURRENT FACTS AND CIRCUMSTANCES. INTEREST AND PENALTIES ASSESSED BY INCOME TAXING AUTHORITIES, IF ANY, ARE INCLUDED IN INTEREST EXPENSE.

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IRS990/Form990PartVIISectionAGrp/TitleTxt19BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt20BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt21BOARD MEMBER
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IRS990/PoliticalCampaignActyInd00

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$2.13$0.29$1.84$0.31$0.32$0.01
2024Detailed filing. Detailed filing data is available for this year.$2.17$0.32$1.85$1.07$0.37$0.70
2023Detailed filing. Detailed filing data is available for this year.$1.99$0.84$1.15$0.46$0.30$0.17
2022Detailed filing. Detailed filing data is available for this year.$2.30$0.41$1.89$1.64$0.48$1.16
2021Detailed filing. Detailed filing data is available for this year.$2.30$0.41$1.89$1.64$0.48$1.16
2020Detailed filing. Detailed filing data is available for this year.$1.19$0.46$0.73$0.41$0.43$0.01
2019Detailed filing. Detailed filing data is available for this year.$1.23$0.49$0.74$0.42$1.45$1.03
2018Detailed filing. Detailed filing data is available for this year.$2.26$0.49$1.78$1.43$0.43$1.00
2017Detailed filing. Detailed filing data is available for this year.$1.30$0.53$0.77$0.78$0.51$0.28
2016Detailed filing. Detailed filing data is available for this year.$1.03$0.54$0.49$0.35$0.34$0.00
2015Detailed filing. Detailed filing data is available for this year.$1.06$0.57$0.49$0.25$0.30$0.05
2014Detailed filing. Detailed filing data is available for this year.$1.12$0.59$0.54$0.19$0.31$0.12
2013Summary only. Only limited summary data is available for this year.$1.26$0.61$0.65$0.29$0.25$0.04
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.25$0.64$0.61$0.32
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.28$0.67$0.60$0.44
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.34$0.69$0.64$0.30
Peer Organizations

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