Civic Intelligence

Northeast Economic Development Inc.

990 • Fiscal year 2020 • EIN 47-0841633

Jul 01, 2019 to Jun 30, 2020 • Filed on Sep 30, 2020

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

47th percentile

0.14x

Higher debt load relative to assets than 47% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Liabilities / Revenue

72nd percentile

0.53x

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

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Net Margin

90th percentile

49%

Higher net margin than 90% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Top Officer Pay

21st percentile

$0

Higher top officer pay than 21% of similar nonprofits.

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

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Asset Growth

65th percentile

13%

Faster asset growth than 65% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Revenue Growth

94th percentile

122%

Faster revenue growth than 94% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets47th percentile

Assets

Up

$8,158,211

Up $959,221 (+13%) from 2019

Net Assets

Up

$7,007,799

Up $1,047,288 (+18%) from 2019

Liabilities

Down

$1,150,412

Down $88,067 (-7.1%) from 2019

Revenue And Expenses
Liabilities / Revenue72nd percentileNet Margin90th percentile

Revenue

Up

$2,155,430

Up $1,182,545 (+122%) from 2019

Expenses

Up

$1,108,142

Up $511,964 (+86%) from 2019

Net Income

Up

$1,047,288

Up $670,581 (+178%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth65th 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

2020

Assets$8,158,211
Liabilities$1,150,412
Net Assets$7,007,799
Open 2020 Filing

Operations Trend

Revenue Growth94th 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

2020

Revenue$2,155,430
Expenses$1,108,142
Net Income$1,047,288
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Sep 30, 2020
Return Version
2019v5.0
Gross Receipts
$2,155,430
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$7,633,428$9,749,209▲ $2,115,781
Savings and Temporary Cash Investments$2,697,951$2,209,233▼ $488,718
Pledges and Grants Receivable$20,150$20,000▼ $150
Cash and Non-Interest-Bearing Accounts$2,805$1,547▼ $1,258
Total Assets$7,198,990$8,158,211▲ $959,221
Other Assets Total$-3,155,344$-3,821,778▼ $666,434
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,217,346$1,113,305▼ $104,041
Accounts Payable and Accrued Expenses$21,133$37,107▲ $15,974
Total Liabilities$1,238,479$1,150,412▼ $88,067
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$5,960,511$7,007,799▲ $1,047,288
Total Net Assets Fund Balance$5,960,511$7,007,799▲ $1,047,288
Total Liabilities and Net Assets / Fund Balance$7,198,990$8,158,211▲ $959,221

Asset Categories

AssetBook ValueDepreciationBasis
Equipment-$2,250$2,250
Compensation and Service Providers
Top Officer Pay21st percentile

Board Members and Trustees

NameTitle
John F LohrPresident
Jerry EngdahlDirector
Megan WeaverDirector
Mike FrankDirector
Shannon StuchlikDirector
Thomas Higginbotham JrExec Director
Jim MccarvilleSecretary/tr
Brad AlbersVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$1,784,320
Program Service Revenue
$222,185
Investment Income
$27,078
Other Revenue
$121,847
All Other Contributions
$1,540
Change in Net Assets
$1,047,288

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,155,430
Total Revenue per Audited Statements
$2,155,430
Total Revenue per Form 990
$2,155,430
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,044,996
Grants and Similar Amounts Paid$63,146
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Management$150,462$80,646-$231,108
Grants to Domestic Individuals$63,146--$63,146
Interest-$15,692-$15,692
Fees for Services Accounting-$6,010-$6,010
Other Expenses$1,488$7-$7
Total Functional Expenses$1,005,517$102,625$0$1,108,142

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,108,142
Total Expenses per Audited Statements$1,108,142
Total Expenses per Form 990$1,108,142
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 35% controlled entity
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
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
John F Lohr
Title
President
Phone
4023791150
Signed
2020-09-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
John F Lohr
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.

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt021133
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt037107
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/AllOtherContributionsAmt01540
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/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt02805
IRS990/CashNonInterestBearingGrp/EOYAmt01547
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0false
IRS990/CompensationProcessOtherInd0false
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt01784320
IRS990/CYGrantsAndSimilarPaidAmt063146
IRS990/CYInvestmentIncomeAmt027078
IRS990/CYOtherExpensesAmt01044996
IRS990/CYOtherRevenueAmt0121847
IRS990/CYProgramServiceRevenueAmt0222185
IRS990/CYRevenuesLessExpensesAmt01047288
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt01108142
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt02155430
IRS990/DAFExcessBusinessHoldingsInd0false
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
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/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt01004029
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt06010
IRS990/FeesForServicesAccountingGrp/TotalAmt06010
IRS990/FeesForServicesManagementGrp/ManagementAndGeneralAmt080646
IRS990/FeesForServicesManagementGrp/ProgramServicesAmt0150462
IRS990/FeesForServicesManagementGrp/TotalAmt0231108
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/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/PersonNm0BRAD ALBERS
IRS990/Form990PartVIISectionAGrp/PersonNm1JERRY ENGDAHL
IRS990/Form990PartVIISectionAGrp/PersonNm2MIKE FRANK
IRS990/Form990PartVIISectionAGrp/PersonNm3THOMAS HIGGINBOTHAM JR
IRS990/Form990PartVIISectionAGrp/PersonNm4JOHN F LOHR
IRS990/Form990PartVIISectionAGrp/PersonNm5JIM MCCARVILLE
IRS990/Form990PartVIISectionAGrp/PersonNm6SHANNON STUCHLIK
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/TitleTxt0VICE PRESIDE
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3EXEC DIR
IRS990/Form990PartVIISectionAGrp/TitleTxt4PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt5SECRETARY/TR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd0false
IRS990/FormationYr02000
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt07
IRS990/GovernmentGrantsAmt01782780
IRS990/GrantAmt063146
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt063146
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt063146
IRS990/GrantsToIndividualsInd0true
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt02155430
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt07
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InterestGrp/ManagementAndGeneralAmt015692
IRS990/InterestGrp/TotalAmt015692
IRS990/InvestmentIncomeGrp/ExclusionAmt027078
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt027078
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt06
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt02250
IRS990/LandBldgEquipCostOrOtherBssAmt02250
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/BOYAmt01217346
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt01113305
IRS990/NetAssetsOrFundBalancesBOYAmt05960511
IRS990/NetAssetsOrFundBalancesEOYAmt07007799
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt05960511
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt07007799
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0-3155344
IRS990/OtherAssetsTotalGrp/EOYAmt0-3821778
IRS990/OtherExpensesGrp/Desc0BAD DEBT EXPENSE
IRS990/OtherExpensesGrp/Desc1DONATIONS
IRS990/OtherExpensesGrp/Desc2MISCELLANEOUS EXPENSE
IRS990/OtherExpensesGrp/Desc3LOAN CLOSING EXPENSE
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0270
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt17
IRS990/OtherExpensesGrp/ProgramServicesAmt0790421
IRS990/OtherExpensesGrp/ProgramServicesAmt11488
IRS990/OtherExpensesGrp/TotalAmt0790421
IRS990/OtherExpensesGrp/TotalAmt11488
IRS990/OtherExpensesGrp/TotalAmt2270
IRS990/OtherExpensesGrp/TotalAmt37
IRS990/OtherRevenueMiscGrp/Desc0BAD DEBT RECOVERY
IRS990/OtherRevenueMiscGrp/Desc1MISCELLANEOUS INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0120500
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt11347
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0120500
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt11347
IRS990/OtherRevenueTotalAmt0121847
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt07633428
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt09749209
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt020150
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt020000
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0JOHN F LOHR
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0LOAN INTEREST
IRS990/ProgramServiceRevenueGrp/Desc1ADMINISTRATION FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0184957
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt137228
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0184957
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt137228
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/ExpenseAmt01488
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0539254
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt033010
IRS990/PYInvestmentIncomeAmt039338
IRS990/PYOtherExpensesAmt0563168
IRS990/PYOtherRevenueAmt0200286
IRS990/PYProgramServiceRevenueAmt0194007
IRS990/PYRevenuesLessExpensesAmt0376707
IRS990/PYTotalExpensesAmt0596178
IRS990/PYTotalRevenueAmt0972885
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt01047288
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0222185
IRS990/SavingsAndTempCashInvstGrp/BOYAmt02697951
IRS990/SavingsAndTempCashInvstGrp/EOYAmt02209233
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt01784320
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0539254
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0784386
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0561913
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0876623
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt04546496
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt027078
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt039338
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt024368
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt015107
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt010826
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0116717
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt01057504
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.97500
IRS990ScheduleA/PublicSupportPY170Pct00.97840
IRS990ScheduleA/PublicSupportTotal170Amt04546496
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt01784320
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0539254
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0784386
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0561913
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0876623
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt04546496
IRS990ScheduleA/TotalSupportAmt04663213
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/DepreciationAmt02250
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt02250
IRS990ScheduleD/ExpensesSubtotalAmt01108142
IRS990ScheduleD/RevenueSubtotalAmt02155430
IRS990ScheduleD/TotalExpensesPerForm990Amt01108142
IRS990ScheduleD/TotalRevenuePerForm990Amt02155430
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02155430
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01108142
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt063146
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0AMORT. OF LOANS FORGIVEN
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt016
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
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt07198990
IRS990/TotalAssetsEOYAmt08158211
IRS990/TotalAssetsGrp/BOYAmt07198990
IRS990/TotalAssetsGrp/EOYAmt08158211
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt01784320
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0102625
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01005517
IRS990/TotalFunctionalExpensesGrp/TotalAmt01108142
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01238479
IRS990/TotalLiabilitiesEOYAmt01150412
IRS990/TotalLiabilitiesGrp/BOYAmt01238479
IRS990/TotalLiabilitiesGrp/EOYAmt01150412
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt05960511
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt07007799
IRS990/TotalProgramServiceExpensesAmt01005517
IRS990/TotalProgramServiceRevenueAmt0222185
IRS990/TotalRevenueGrp/ExclusionAmt027078
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0344032
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02155430
IRS990/TotalVolunteersCnt07
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt07198990
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt08158211
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0WWW.NENEDD.ORG
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02021-01-29 14:40:06Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JOHN F LOHR
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum04023791150
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-09-30
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/AtSubmissionCreationDeviceId05E3841284C63F8A8DDF9011835B9C8BB4C865728
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId05E3841284C63F8A8DDF9011835B9C8BB4C865728
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt064.88.174.3
ReturnHeader/FilingSecurityInformation/IPDt02020-10-15
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm013:54:15
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/PreparationDt02020-10-01
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0BROCK HERLEY
ReturnHeader/ReturnTs02020-10-15T13:54:15-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-07-01
ReturnHeader/TaxPeriodEndDt02020-06-30
ReturnHeader/TaxYr02019

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$8,158,211
Liabilities
$1,150,412
Net assets
$7,007,799
Revenue
$2,155,430
Expenses
$1,108,142
Net income
$1,047,288
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
2020Detailed filing. Detailed filing data is available for this year.$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