Civic Intelligence

Northeast Economic Development Inc.

990 • Fiscal year 2017 • EIN 47-0841633

Jul 01, 2016 to Jun 30, 2017 • Filed on Sep 29, 2017

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

54th percentile

0.20x

Higher debt load relative to assets than 54% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Liabilities / Revenue

86th percentile

1.66x

Higher debt load relative to revenue than 86% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Net Margin

60th percentile

6.3%

Higher net margin than 60% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Top Officer Pay

20th percentile

$0

Higher top officer pay than 20% of similar nonprofits.

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

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Asset Growth

23rd percentile

-2.7%

Faster asset growth than 23% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Revenue Growth

10th percentile

-23%

Faster revenue growth than 10% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets54th percentile

Assets

Down

$7,481,156

Down $208,148 (-2.7%) from 2016

Net Assets

Up

$5,965,506

Up $57,723 (+1.0%) from 2016

Liabilities

Down

$1,515,650

Down $265,871 (-15%) from 2016

Revenue And Expenses
Liabilities / Revenue86th percentileNet Margin60th percentile

Revenue

Down

$911,440

Down $274,520 (-23%) from 2016

Expenses

Up

$853,717

Up $86,429 (+11%) from 2016

Net Income

Down

$57,723

Down $360,949 (-86%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth23rd 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

2017

Assets$7,481,156
Liabilities$1,515,650
Net Assets$5,965,506
Open 2017 Filing

Operations Trend

Revenue Growth10th 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

2017

Revenue$911,440
Expenses$853,717
Net Income$57,723
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Sep 29, 2017
Return Version
2016v3.0
Gross Receipts
$911,440
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$7,408,265$7,712,023▲ $303,758
Savings and Temporary Cash Investments$3,168,978$2,600,446▼ $568,532
Pledges and Grants Receivable$16,016$4,984▼ $11,032
Accounts Receivable$2,762$2,406▼ $356
Cash and Non-Interest-Bearing Accounts$138,201$2,277▼ $135,924
Total Assets$7,689,304$7,481,156▼ $208,148
Other Assets Total$-3,044,918$-2,840,980▲ $203,938
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,519,577$1,420,306▼ $99,271
Accounts Payable and Accrued Expenses$221,281$95,344▼ $125,937
Deferred Revenue$40,663--
Total Liabilities$1,781,521$1,515,650▼ $265,871
Net Assets / Fund Balance
Unrestricted Net Assets$5,907,783$5,965,506▲ $57,723
Total Net Assets Fund Balance$5,907,783$5,965,506▲ $57,723
Total Liabilities and Net Assets / Fund Balance$7,689,304$7,481,156▼ $208,148

Asset Categories

AssetBook ValueDepreciationBasis
Buildings-$26,105$26,105
Compensation and Service Providers
Top Officer Pay20th 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
$561,913
Program Service Revenue
$179,500
Investment Income
$15,107
Other Revenue
$154,920
Change in Net Assets
$57,723

Audited Revenue Reconciliation

Revenue per Audited Statements
$911,440
Total Revenue per Audited Statements
$911,440
Total Revenue per Form 990
$911,440
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$794,354
Grants and Similar Amounts Paid$59,363
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Management$16,210$183,218-$199,428
Grants to Domestic Individuals$59,363--$59,363
Interest-$20,483-$20,483
Fees for Services Accounting-$5,775-$5,775
All Other Expenses$580$2,089-$2,669
Fees for Services Other$2,350--$2,350
Other Expenses$1,869--$1,869
Total Functional Expenses$642,152$211,565$0$853,717

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$853,717
Total Expenses per Audited Statements$853,717
Total Expenses per Form 990$853,717
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 on the organization's website.”

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
2017-09-29
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
7

Preparer

Firm
Schumacher Smejkal Brockhaus & Herley Pc
Address
508 WEST PROSPECT AVENUE, NORFOLK, NE 68701
Preparer
Brock Herley
Phone
4023792722
Raw XML Appendix374 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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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0270633
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt03922742
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt015107
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt010826
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt07937
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt07447
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt05712
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt047029
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0334420
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.98820
IRS990ScheduleA/PublicSupportPY170Pct00.99320
IRS990ScheduleA/PublicSupportTotal170Amt03922742
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0545448
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0270633
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IRS990ScheduleA/TotalSupportAmt03969771
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/DepreciationAmt026105
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt026105
IRS990ScheduleD/ExpensesSubtotalAmt0853717
IRS990ScheduleD/RevenueSubtotalAmt0911440
IRS990ScheduleD/TotalExpensesPerForm990Amt0853717
IRS990ScheduleD/TotalRevenuePerForm990Amt0911440
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0911440
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0853717
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt059363
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0AMORT. OF LOANS FORGIVEN
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt038
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 ON THE ORGANIZATION'S WEBSITE.
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
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IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalAssetsEOYAmt07481156
IRS990/TotalAssetsGrp/BOYAmt07689304
IRS990/TotalAssetsGrp/EOYAmt07481156
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0561913
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0211565
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0642152
IRS990/TotalFunctionalExpensesGrp/TotalAmt0853717
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01781521
IRS990/TotalLiabilitiesEOYAmt01515650
IRS990/TotalLiabilitiesGrp/BOYAmt01781521
IRS990/TotalLiabilitiesGrp/EOYAmt01515650
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt05907783
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt05965506
IRS990/TotalProgramServiceExpensesAmt0642152
IRS990/TotalProgramServiceRevenueAmt0179500
IRS990/TotalRevenueGrp/ExclusionAmt015107
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0334420
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0911440
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IRS990/UnrelatedBusIncmOverLimitInd0false
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IRS990/UnrestrictedNetAssetsGrp/EOYAmt05965506
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0WWW.NENEDD.ORG
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02018-03-14 21:41:22Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0NANCY BRADEN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum04023791150
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-09-29
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/FilingSecurityInformation/AtSubmissionCreationDeviceId0977CFCB9C685DC8DED6EB91A22541EBE6B77B20C
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId034966950C0FA5538C1DF343E326E4FA816957CDC
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0470552214
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0SCHUMACHER SMEJKAL BROCKHAUS & HERLEY 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/PreparationDt02017-09-27
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0BROCK HERLEY
ReturnHeader/ReturnTs02017-10-10T16:26:59-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-07-01
ReturnHeader/TaxPeriodEndDt02017-06-30
ReturnHeader/TaxYr02016

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$7,481,156
Liabilities
$1,515,650
Net assets
$5,965,506
Revenue
$911,440
Expenses
$853,717
Net income
$57,723
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
2017Detailed filing. Detailed filing data is available for this year.$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