Civic Intelligence

Northeast Economic Development Inc.

990 • Fiscal year 2016 • EIN 47-0841633

Jul 01, 2015 to Jun 30, 2016 • Filed on Oct 12, 2016

Organization ProfileWWW.NENEDD.ORG
111 S 1st StreetNorfolk, NE 68701

(402) 379-1150

Siviq Scores

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

Liabilities / Assets

56th percentile

0.23x

Higher debt load relative to assets than 56% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Liabilities / Revenue

85th percentile

1.50x

Higher debt load relative to revenue than 85% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Net Margin

88th percentile

35%

Higher net margin than 88% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Top Officer Pay

19th percentile

$0

Higher top officer pay than 19% of similar nonprofits.

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

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Asset Growth

67th percentile

6.8%

Faster asset growth than 67% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2015 to 2016

Revenue Growth

7th percentile

-44%

Faster revenue growth than 7% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets56th percentile

Assets

Up

$7,689,304

Up $486,527 (+6.8%) from 2015

Net Assets

Up

$5,907,783

Up $418,672 (+7.6%) from 2015

Liabilities

Up

$1,781,521

Up $67,855 (+4.0%) from 2015

Revenue And Expenses
Liabilities / Revenue85th percentileNet Margin88th percentile

Revenue

Down

$1,185,960

Down $914,422 (-44%) from 2015

Expenses

Down

$767,288

Down $40,405 (-5.0%) from 2015

Net Income

Down

$418,672

Down $874,017 (-68%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth67th percentile

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

$15M$10M$5.0M$0Assets 2011: $3,892,651Liabilities 2011: $863,088Net Assets 2011: $3,029,5632011Assets 2012: $5,403,047Liabilities 2012: $1,379,817Net Assets 2012: $4,023,2302012Assets 2013: $5,601,857Liabilities 2013: $1,630,772Net Assets 2013: $3,971,0852013Assets 2014: $5,921,205Liabilities 2014: $1,724,783Net Assets 2014: $4,196,4222014Assets 2015: $7,202,777Liabilities 2015: $1,713,666Net Assets 2015: $5,489,1112015Assets 2016: $7,689,304Liabilities 2016: $1,781,521Net Assets 2016: $5,907,7832016Assets 2017: $7,481,156Liabilities 2017: $1,515,650Net Assets 2017: $5,965,5062017Assets 2018: $6,921,099Liabilities 2018: $1,337,295Net Assets 2018: $5,583,8042018Assets 2019: $7,198,990Liabilities 2019: $1,238,479Net Assets 2019: $5,960,5112019Assets 2020: $8,158,211Liabilities 2020: $1,150,412Net Assets 2020: $7,007,7992020Assets 2021: $8,945,646Liabilities 2021: $1,067,301Net Assets 2021: $7,878,3452021Assets 2022: $9,868,632Liabilities 2022: $1,015,551Net Assets 2022: $8,853,0812022Assets 2023: $10,227,527Liabilities 2023: $949,714Net Assets 2023: $9,277,8132023Assets 2024: $10,390,305Liabilities 2024: $860,147Net Assets 2024: $9,530,1582024Assets 2025: $11,135,686Liabilities 2025: $1,053,244Net Assets 2025: $10,082,4422025

Highlighted filing

2016

Assets$7,689,304
Liabilities$1,781,521
Net Assets$5,907,783
Open 2016 Filing

Operations Trend

Revenue Growth7th percentile

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2011: $1,362,790Expenses 2011: $1,162,029Net Income 2011: $200,7612011Revenue 2012: $2,878,971Expenses 2012: $1,885,304Net Income 2012: $993,6672012Expenses 2013: $750,3022013Revenue 2014: $874,334Expenses 2014: $648,997Net Income 2014: $225,3372014Revenue 2015: $2,100,382Expenses 2015: $807,693Net Income 2015: $1,292,6892015Revenue 2016: $1,185,960Expenses 2016: $767,288Net Income 2016: $418,6722016Revenue 2017: $911,440Expenses 2017: $853,717Net Income 2017: $57,7232017Revenue 2018: $1,127,933Expenses 2018: $1,509,635Net Income 2018: -$381,7022018Revenue 2019: $972,885Expenses 2019: $596,178Net Income 2019: $376,7072019Revenue 2020: $2,155,430Expenses 2020: $1,108,142Net Income 2020: $1,047,2882020Revenue 2021: $1,866,623Expenses 2021: $996,077Net Income 2021: $870,5462021Revenue 2022: $1,587,221Expenses 2022: $612,485Net Income 2022: $974,7362022Revenue 2023: $775,884Expenses 2023: $351,152Net Income 2023: $424,7322023Revenue 2024: $1,088,618Expenses 2024: $836,273Net Income 2024: $252,3452024Revenue 2025: $1,015,034Expenses 2025: $462,750Net Income 2025: $552,2842025

Highlighted filing

2016

Revenue$1,185,960
Expenses$767,288
Net Income$418,672
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Oct 12, 2016
Return Version
2015v2.1
Gross Receipts
$1,185,960
Mission and Program Overview

Mission

Address community and economic development opportunities in northeast nebraska, and to seek funds, grants, contributions and any other type of funding to attain these goals.

Assist in community and economic stability of the region, thus enhancing employment and housing opportunities and public works of our region.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$7,921,888$7,408,265▼ $513,623
Savings and Temporary Cash Investments$2,201,008$3,168,978▲ $967,970
Cash and Non-Interest-Bearing Accounts$200,482$138,201▼ $62,281
Pledges and Grants Receivable$10,822$16,016▲ $5,194
Accounts Receivable$3,441$2,762▼ $679
Total Assets$7,202,777$7,689,304▲ $486,527
Other Assets Total$-3,134,864$-3,044,918▲ $89,946
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,598,395$1,519,577▼ $78,818
Accounts Payable and Accrued Expenses$35,734$221,281▲ $185,547
Deferred Revenue$79,537$40,663▼ $38,874
Total Liabilities$1,713,666$1,781,521▲ $67,855
Net Assets / Fund Balance
Unrestricted Net Assets$5,489,111$5,907,783▲ $418,672
Total Net Assets Fund Balance$5,489,111$5,907,783▲ $418,672
Total Liabilities and Net Assets / Fund Balance$7,202,777$7,689,304▲ $486,527

Asset Categories

AssetBook ValueDepreciationBasis
Equipment-$26,105$26,105
Compensation and Service Providers
Top Officer Pay19th percentile

Board Members and Trustees

NameTitle
Nancy BradenPresident
Brad AlbersDirector
John F LohrDirector
Megan WeaverDirector
Nadine K HagedornDirector
Thomas Higginbotham JrExec Director
Tina Biteghe Bi NdongSec/treas
Loren KuceraVice-pres
Revenue and Support

Revenue Composition

Contributions and Grants
$876,623
Program Service Revenue
$178,046
Investment Income
$10,826
Other Revenue
$120,465
Change in Net Assets
$418,672

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,185,960
Total Revenue per Audited Statements
$1,185,960
Total Revenue per Form 990
$1,185,960
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$689,240
Grants and Similar Amounts Paid$78,048
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Management$8,995$207,264-$216,259
Grants to Domestic Individuals$78,048--$78,048
Other Expenses$23,556--$23,556
Interest-$21,338-$21,338
Fees for Services Accounting-$5,600-$5,600
Fees for Services Other$2,670--$2,670
Office Expenses-$195-$195
All Other Expenses-$149-$149
Total Functional Expenses$532,742$234,546$0$767,288

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$767,288
Total Expenses per Audited Statements$767,288
Total Expenses per Form 990$767,288
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
Yes
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
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
Yes

Governance Explanations

Form 990, Page 6, Part VI, Line 3

“Northeast economic development, inc., (ned, inc.) has contracted with northeast nebraska economic development district (nenedd), to provide professional services and support for loan closings, grant applications, and managing projects and programs.”

Form 990, Page 6, Part VI, Line 11B

“The organization's executive director and fiscal officer review the form 990 prior to its submission to the irs.”

Form 990, Page 6, Part VI, Line 12C

“Currently, the board of directors and the executive director reviews the "conflict of interest policy" annually.”

Form 990, Page 6, Part VI, Line 19

“Currently, governing documents, conflict of interest policy, and financial statements are made available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Northeast Economic Development Inc
EIN
47-0841633
Phone
4023791150
Address
111 S 1ST STREET, NORFOLK, NE 68701

Signing Officer

Name
Nancy Braden
Title
President
Phone
4023791150
Signed
2016-10-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Nancy Braden
Formed
2000
Legal Domicile
Ne
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
6

Preparer

Firm
Kruse Schumacher Smejkal Brockhaus Pc
Address
508 WEST PROSPECT AVENUE, NORFOLK, NE 68701
Preparer
Brock Herley
Phone
4023792722
Raw XML Appendix382 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/AccountsPayableAccrExpnssGrp/BOYAmt035734
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0221281
IRS990/AccountsReceivableGrp/BOYAmt03441
IRS990/AccountsReceivableGrp/EOYAmt02762
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0ASSIST IN COMMUNITY AND ECONOMIC STABILITY OF THE REGION, THUS ENHANCING EMPLOYMENT AND HOUSING OPPORTUNITIES AND PUBLIC WORKS OF OUR REGION.
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt0149
IRS990/AllOtherExpensesGrp/TotalAmt0149
IRS990/AnnualDisclosureCoveredPrsnInd0false
IRS990/AuditCommitteeInd0true
IRS990/BackupWthldComplianceInd0true
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0NORTHEAST NE ECONOMIC DEVELOPMENT
IRS990/BooksInCareOfDetail/PhoneNum04023791150
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0111 S 1ST STREET
IRS990/BooksInCareOfDetail/USAddress/CityNm0NORFOLK
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NE
IRS990/BooksInCareOfDetail/USAddress/ZIPCd068701
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOfficerEntInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt0200482
IRS990/CashNonInterestBearingGrp/EOYAmt0138201
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0false
IRS990/CompensationProcessOtherInd0false
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0876623
IRS990/CYGrantsAndSimilarPaidAmt078048
IRS990/CYInvestmentIncomeAmt010826
IRS990/CYOtherExpensesAmt0689240
IRS990/CYOtherRevenueAmt0120465
IRS990/CYProgramServiceRevenueAmt0178046
IRS990/CYRevenuesLessExpensesAmt0418672
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt0767288
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt01185960
IRS990/DAFExcessBusinessHoldingsInd0false
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DeferredRevenueGrp/BOYAmt079537
IRS990/DeferredRevenueGrp/EOYAmt040663
IRS990/DelegationOfMgmtDutiesInd0true
IRS990/Desc0PROVIDE NO INTEREST, LOW INTEREST AND FORGIVABLE LOANS TO LOW INCOME FAMILIES AS DOWN PAYMENT MONIES FOR THE PURCHASE OF A HOME, OR FOR RESTORATION AND REHABILITATION OF THEIR HOME.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DistributionToDonorInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt0298211
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt05600
IRS990/FeesForServicesAccountingGrp/TotalAmt05600
IRS990/FeesForServicesManagementGrp/ManagementAndGeneralAmt0207264
IRS990/FeesForServicesManagementGrp/ProgramServicesAmt08995
IRS990/FeesForServicesManagementGrp/TotalAmt0216259
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt02670
IRS990/FeesForServicesOtherGrp/TotalAmt02670
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form1098CFiledInd0false
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form8899Filedind0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt38.00
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/PersonNm0NANCY BRADEN
IRS990/Form990PartVIISectionAGrp/PersonNm1LOREN KUCERA
IRS990/Form990PartVIISectionAGrp/PersonNm2TINA BITEGHE BI NDONG
IRS990/Form990PartVIISectionAGrp/PersonNm3THOMAS HIGGINBOTHAM JR
IRS990/Form990PartVIISectionAGrp/PersonNm4BRAD ALBERS
IRS990/Form990PartVIISectionAGrp/PersonNm5NADINE K HAGEDORN
IRS990/Form990PartVIISectionAGrp/PersonNm6JOHN F LOHR
IRS990/Form990PartVIISectionAGrp/PersonNm7MEGAN WEAVER
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
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE-PRES
IRS990/Form990PartVIISectionAGrp/TitleTxt2SEC/TREAS
IRS990/Form990PartVIISectionAGrp/TitleTxt3EXEC DIR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd0false
IRS990/FormationYr02000
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt07
IRS990/GovernmentGrantsAmt0876623
IRS990/GrantAmt078048
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt078048
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt078048
IRS990/GrantsToIndividualsInd0true
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt01185960
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt07
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InterestGrp/ManagementAndGeneralAmt021338
IRS990/InterestGrp/TotalAmt021338
IRS990/InvestmentIncomeGrp/ExclusionAmt010826
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt010826
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt08
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt026105
IRS990/LandBldgEquipCostOrOtherBssAmt026105
IRS990/LegalDomicileStateCd0NE
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0ASSIST IN COMMUNITY AND ECONOMIC STABILITY OF THE REGION, THUS ENHANCING EMPLOYMENT AND HOUSING OPPORTUNITIES AND PUBLIC WORKS OF OUR REGION.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt01598395
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt01519577
IRS990/NetAssetsOrFundBalancesBOYAmt05489111
IRS990/NetAssetsOrFundBalancesEOYAmt05907783
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0195
IRS990/OfficeExpensesGrp/TotalAmt0195
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0-3134864
IRS990/OtherAssetsTotalGrp/EOYAmt0-3044918
IRS990/OtherExpensesGrp/Desc0DONATIONS
IRS990/OtherExpensesGrp/Desc1BAD DEBT EXPENSE
IRS990/OtherExpensesGrp/Desc2SHERWOOD GRANT
IRS990/OtherExpensesGrp/Desc3REHAB LOAN DISBURSEMENTS
IRS990/OtherExpensesGrp/ProgramServicesAmt0234531
IRS990/OtherExpensesGrp/ProgramServicesAmt1146530
IRS990/OtherExpensesGrp/ProgramServicesAmt238412
IRS990/OtherExpensesGrp/ProgramServicesAmt323556
IRS990/OtherExpensesGrp/TotalAmt0234531
IRS990/OtherExpensesGrp/TotalAmt1146530
IRS990/OtherExpensesGrp/TotalAmt238412
IRS990/OtherExpensesGrp/TotalAmt323556
IRS990/OtherRevenueMiscGrp/Desc0BAD DEBT RECOVERY
IRS990/OtherRevenueMiscGrp/Desc1BUSINESS LOAN LATE FEE
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0119670
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt1795
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0119670
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt1795
IRS990/OtherRevenueTotalAmt0120465
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt07921888
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt07408265
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt010822
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt016016
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0NANCY BRADEN
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0LOAN INTEREST
IRS990/ProgramServiceRevenueGrp/Desc1ADMINISTRATION FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0147587
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt130459
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0147587
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt130459
IRS990/ProgSrvcAccomActy2Grp/Desc0PROVIDE EDUCATIONAL SERVICES TO COMMUNITIES TO INCLUDE STRATEGIC PLANNING PROCESSES, ENTREPRENEURIAL TRAINING, PACKAGING OF LOANS FOR BUSINESSES, BUSINESS PLANNING, MARKET DEVELOPMENT, AND FINANCIAL MANAGEMENT.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0234531
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt01668125
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt0100036
IRS990/PYInvestmentIncomeAmt07937
IRS990/PYOtherExpensesAmt0707657
IRS990/PYOtherRevenueAmt0199276
IRS990/PYProgramServiceRevenueAmt0225044
IRS990/PYRevenuesLessExpensesAmt01292689
IRS990/PYTotalExpensesAmt0807693
IRS990/PYTotalRevenueAmt02100382
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0418672
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/SavingsAndTempCashInvstGrp/BOYAmt02201008
IRS990/SavingsAndTempCashInvstGrp/EOYAmt03168978
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0876623
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt01668125
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0545448
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0270633
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt02343377
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt05704206
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt010826
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt07937
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt07447
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt05712
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt06961
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt038883
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0298511
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.99320
IRS990ScheduleA/PublicSupportPY170Pct00.99310
IRS990ScheduleA/PublicSupportTotal170Amt05704206
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0876623
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt01668125
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0545448
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0270633
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt02343377
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt05704206
IRS990ScheduleA/TotalSupportAmt05743089
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/EquipmentGrp/DepreciationAmt026105
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt026105
IRS990ScheduleD/ExpensesSubtotalAmt0767288
IRS990ScheduleD/RevenueSubtotalAmt01185960
IRS990ScheduleD/TotalExpensesPerForm990Amt0767288
IRS990ScheduleD/TotalRevenuePerForm990Amt01185960
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01185960
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0767288
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt078048
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0AMORT. OF LOANS FORGIVEN
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt040
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0NORTHEAST ECONOMIC DEVELOPMENT, INC., (NED, INC.) HAS CONTRACTED WITH NORTHEAST NEBRASKA ECONOMIC DEVELOPMENT DISTRICT (NENEDD), TO PROVIDE PROFESSIONAL SERVICES AND SUPPORT FOR LOAN CLOSINGS, GRANT APPLICATIONS, AND MANAGING PROJECTS AND PROGRAMS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION'S EXECUTIVE DIRECTOR AND FISCAL OFFICER REVIEW THE FORM 990 PRIOR TO ITS SUBMISSION TO THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2CURRENTLY, THE BOARD OF DIRECTORS AND THE EXECUTIVE DIRECTOR REVIEWS THE "CONFLICT OF INTEREST POLICY" ANNUALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3CURRENTLY, GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt07202777
IRS990/TotalAssetsEOYAmt07689304
IRS990/TotalAssetsGrp/BOYAmt07202777
IRS990/TotalAssetsGrp/EOYAmt07689304
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0876623
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0234546
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0532742
IRS990/TotalFunctionalExpensesGrp/TotalAmt0767288
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01713666
IRS990/TotalLiabilitiesEOYAmt01781521
IRS990/TotalLiabilitiesGrp/BOYAmt01713666
IRS990/TotalLiabilitiesGrp/EOYAmt01781521
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt05489111
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt05907783
IRS990/TotalProgramServiceExpensesAmt0532742
IRS990/TotalProgramServiceRevenueAmt0178046
IRS990/TotalRevenueGrp/ExclusionAmt010826
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0298511
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01185960
IRS990/TotalVolunteersCnt06
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt07202777
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt07689304
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt05489111
IRS990/UnrestrictedNetAssetsGrp/EOYAmt05907783
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0WWW.NENEDD.ORG
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0NANCY BRADEN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum04023791150
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-10-12
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0NORTHEAST ECONOMIC DEVELOPMENT INC
ReturnHeader/Filer/BusinessNameControlTxt0NORT
ReturnHeader/Filer/EIN0470841633
ReturnHeader/Filer/PhoneNum04023791150
ReturnHeader/Filer/USAddress/AddressLine1Txt0111 S 1ST STREET
ReturnHeader/Filer/USAddress/CityNm0NORFOLK
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NE
ReturnHeader/Filer/USAddress/ZIPCd068701
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0470552214
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0KRUSE SCHUMACHER SMEJKAL BROCKHAUS PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0508 WEST PROSPECT AVENUE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0NORFOLK
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd068701
ReturnHeader/PreparerPersonGrp/PhoneNum04023792722
ReturnHeader/PreparerPersonGrp/PreparationDt02016-10-17
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0BROCK HERLEY
ReturnHeader/ReturnTs02016-10-31T13:10:48-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-07-01
ReturnHeader/TaxPeriodEndDt02016-06-30
ReturnHeader/TaxYr02015

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

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

Open filing
Assets
$7,689,304
Liabilities
$1,781,521
Net assets
$5,907,783
Revenue
$1,185,960
Expenses
$767,288
Net income
$418,672
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$11.1$1.05$10.1$1.02$0.46$0.55
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$10.4$0.86$9.53$1.09$0.84$0.25
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$10.2$0.95$9.28$0.78$0.35$0.42
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$9.87$1.02$8.85$1.59$0.61$0.97
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.95$1.07$7.88$1.87$1.00$0.87
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.16$1.15$7.01$2.16$1.11$1.05
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.20$1.24$5.96$0.97$0.60$0.38
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.92$1.34$5.58$1.13$1.51$0.38
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.48$1.52$5.97$0.91$0.85$0.06
2016Detailed filing. Detailed filing data is available for this year.$7.69$1.78$5.91$1.19$0.77$0.42
2015Detailed filing. Detailed filing data is available for this year.$7.20$1.71$5.49$2.10$0.81$1.29
2014Detailed filing. Detailed filing data is available for this year.$5.92$1.72$4.20$0.87$0.65$0.23
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.60$1.63$3.97$0.75
2012Summary only. Only limited summary data is available for this year.$5.40$1.38$4.02$2.88$1.89$0.99
2011Summary only. Only limited summary data is available for this year.$3.89$0.86$3.03$1.36$1.16$0.20