Civic Intelligence

Lindsay Area Development

990 • Fiscal year 2023 • EIN 82-1539424

Jan 01, 2023 to Dec 31, 2023 • Filed on Nov 15, 2024

Organization ProfileLINDSAYAREADEVELOPMENT.COM
43971 460 StLindsay, NE 68644

(402) 889-5639

Siviq Scores

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

Liabilities / Assets

79th percentile

0.39x

Higher debt load relative to assets than 79% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

86th percentile

0.84x

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

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

98th percentile

91%

Higher net margin than 98% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

39th percentile

$0

Higher top officer pay than 39% of similar nonprofits.

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

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

99th percentile

423%

Faster asset growth than 99% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

95th percentile

193%

Faster revenue growth than 95% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets79th percentile

Assets

Up

$1,543,341

Up $1,248,487 (+423%) from 2022

Net Assets

Up

$937,551

Up $649,292 (+225%) from 2022

Liabilities

Up

$605,790

Up $599,195 (+9086%) from 2022

Revenue And Expenses
Liabilities / Revenue86th percentileNet Margin98th percentile

Revenue

Up

$717,220

Up $472,153 (+193%) from 2022

Expenses

Down

$62,059

Down $18,896 (-23%) from 2022

Net Income

Up

$655,161

Up $491,049 (+299%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth99th percentile

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2021: $121,147Net Assets 2021: $121,1472021Assets 2022: $294,854Liabilities 2022: $6,595Net Assets 2022: $288,2592022Assets 2023: $1,543,341Liabilities 2023: $605,790Net Assets 2023: $937,5512023Assets 2024: $6,737,942Liabilities 2024: $1,500,000Net Assets 2024: $5,237,9422024

Highlighted filing

2023

Assets$1,543,341
Liabilities$605,790
Net Assets$937,551
Open 2023 Filing

Operations Trend

Revenue Growth95th percentile

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

$6.0M$4.0M$2.0M$0Revenue 2021: $33,208Expenses 2021: $1,051Net Income 2021: $32,1572021Revenue 2022: $245,067Expenses 2022: $80,955Net Income 2022: $164,1122022Revenue 2023: $717,220Expenses 2023: $62,059Net Income 2023: $655,1612023Revenue 2024: $4,831,851Expenses 2024: $531,460Net Income 2024: $4,300,3912024

Highlighted filing

2023

Revenue$717,220
Expenses$62,059
Net Income$655,161
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 15, 2024
Return Version
2023v5.0
Gross Receipts
$750,761
Mission and Program Overview

Mission

Improve and maintain the strength of the community, school and parish of the village of lindsay through a variety of events, projects and investments that provide financial assistance to benefit the economy, community, school and/or parish of lindsay.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$294,854$1,067,547▲ $772,693
Land, Buildings, and Equipment, Net-$475,664-
Investments in Publicly Traded Securities-$130-
Total Assets$294,854$1,543,341▲ $1,248,487
Liabilities
Other Liabilities-$605,790-
Unsecured Notes Loans Payable$6,595--
Total Liabilities$6,595$605,790▲ $599,195
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$187,828$760,327▲ $572,499
Net Assets With Donor Restrictions$100,431$177,224▲ $76,793
Total Net Assets Fund Balance$288,259$937,551▲ $649,292
Total Liabilities and Net Assets / Fund Balance$294,854$1,543,341▲ $1,248,487

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$475,664-$475,664
Compensation and Service Providers
Top Officer Pay39th percentile

Board Members and Trustees

NameTitle
Amber KlassenPresident
Aaron ReichmuthDirector
Brian WegenerDirector
Kenneth KurtenbachDirector
Mary BackesDirector
Tim WieseDirector
Tom CattersonDirector
Jenny KorthSecretary/tr
Calvin FrischVice-preside
Revenue and Support

Revenue Composition

Contributions and Grants
$732,032
Program Service Revenue
$12,700
Investment Income
$2,813
Other Revenue
$-30,325
All Other Contributions
$652,649
Change in Net Assets
$655,161

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported Amount
Other Non Cash Contri Table4$62,891
Total Noncash Contributions4$62,891
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$58,131
Total Fundraising Expense$7,387
Grants and Similar Amounts Paid$3,928
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$21,250--$21,250
Fees for Services Accounting-$8,000-$8,000
Advertising-$1,024$6,784$7,808
Insurance-$4,506$525$5,031
Grants to Domestic Orgs$3,928--$3,928
Interest-$3,335-$3,335
Office Expenses-$272$78$350
Other Expenses$12,130$227-$227
Total Functional Expenses$37,308$17,364$7,387$62,059
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$33,541
Fundraising Gross Income$1,300
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Pivot Days$79,383-$5,026-
Total Events$79,383-$33,541$-33,541
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Note Payable - Bank of Lindsay$605,790
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
No
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
No

Governance Explanations

Form 990, Page 6, Part VI, Line 2

“Micaela a. O. Wegener brian wegener president director spouse amber klassen jenny korth vice-preside treasurer first cousin micaela a. O. Wegener president general partner brian wegener director general partner amber klassen vice-preside general partner”

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

“Prior to submission of the form 990, a copy is provided to all directors for review and during the annual meeting, a vote to approve the content within and to file is obtained.”

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

“A detailed procedure is included in the bylaws. All directors have copies of the by-laws and additional policies and procedures and these are reviewed annually as part of the annual meeting. All directors are encouraged to report suspected conflict of interest and all directors are expected to disclose any clear or potential conflicts of interest. Those parties involved are not present during subsequent discussion of the remaining directors who will vote and decide if a conflict of interest exists or could be perceived by outside parties. Based upon the situation, decision on how to address and resolve is made and followed by the board. All conflict of interest and decisions are logged in meeting minutes.”

Form 990, Page 6, Part VI, Line 19

“A request for information can be made to any director which is brought forth at the next meeting. Upon receipt of the request, details are logged via meeting minutes and information provided via electronic or paper delivery at the preference of the requestor.”

Filing and Contact Details

Filer

Filer Name
Lindsay Area Development
EIN
82-1539424
Phone
4028895639
Address
43971 460 ST, LINDSAY, NE 68644

Signing Officer

Name
Jenny Korth
Title
Secretary/treasurer
Phone
4028895639
Signed
2024-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Amber Klassen
Formed
2015
Legal Domicile
Ne
Voting Board Members
9
Independent Board Members
9
Employees
0

Preparer

Firm
CONTRYMAN ASSOCIATES PC CPA'S
Address
PO BOX 1746, KEARNEY, NE 68848-1746
Preparer
Lisa K Craig CPA
Phone
3082375930
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“Improve and maintain the strength of the community, school and parish of the village of lindsay through a variety of events, projects and investments that provide financial assistance to benefit the economy, community, school and/or parish of lindsay.”

Form 990, Part IX, Line 11G

“Housing study 20,000 0 0 grant writer 1,250 0 0 total 21,250 0 0”

Form 990, Part XI, Line 9

“Prior year adjustment -5,869”

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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0NOTE PAYABLE - BANK OF LINDSAY
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IRS990ScheduleD/TotalLiabilityAmt0605790
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IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt05026
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt05026
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent1Amt01513
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IRS990ScheduleM/ThirdPartiesUsedInd0false
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0IMPROVE AND MAINTAIN THE STRENGTH OF THE COMMUNITY, SCHOOL AND PARISH OF THE VILLAGE OF LINDSAY THROUGH A VARIETY OF EVENTS, PROJECTS AND INVESTMENTS THAT PROVIDE FINANCIAL ASSISTANCE TO BENEFIT THE ECONOMY, COMMUNITY, SCHOOL AND/OR PARISH OF LINDSAY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MICAELA A. O. WEGENER BRIAN WEGENER PRESIDENT DIRECTOR SPOUSE AMBER KLASSEN JENNY KORTH VICE-PRESIDE TREASURER FIRST COUSIN MICAELA A. O. WEGENER PRESIDENT GENERAL PARTNER BRIAN WEGENER DIRECTOR GENERAL PARTNER AMBER KLASSEN VICE-PRESIDE GENERAL PARTNER
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2PRIOR TO SUBMISSION OF THE FORM 990, A COPY IS PROVIDED TO ALL DIRECTORS FOR REVIEW AND DURING THE ANNUAL MEETING, A VOTE TO APPROVE THE CONTENT WITHIN AND TO FILE IS OBTAINED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3A DETAILED PROCEDURE IS INCLUDED IN THE BYLAWS. ALL DIRECTORS HAVE COPIES OF THE BY-LAWS AND ADDITIONAL POLICIES AND PROCEDURES AND THESE ARE REVIEWED ANNUALLY AS PART OF THE ANNUAL MEETING. ALL DIRECTORS ARE ENCOURAGED TO REPORT SUSPECTED CONFLICT OF INTEREST AND ALL DIRECTORS ARE EXPECTED TO DISCLOSE ANY CLEAR OR POTENTIAL CONFLICTS OF INTEREST. THOSE PARTIES INVOLVED ARE NOT PRESENT DURING SUBSEQUENT DISCUSSION OF THE REMAINING DIRECTORS WHO WILL VOTE AND DECIDE IF A CONFLICT OF INTEREST EXISTS OR COULD BE PERCEIVED BY OUTSIDE PARTIES. BASED UPON THE SITUATION, DECISION ON HOW TO ADDRESS AND RESOLVE IS MADE AND FOLLOWED BY THE BOARD. ALL CONFLICT OF INTEREST AND DECISIONS ARE LOGGED IN MEETING MINUTES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4A REQUEST FOR INFORMATION CAN BE MADE TO ANY DIRECTOR WHICH IS BROUGHT FORTH AT THE NEXT MEETING. UPON RECEIPT OF THE REQUEST, DETAILS ARE LOGGED VIA MEETING MINUTES AND INFORMATION PROVIDED VIA ELECTRONIC OR PAPER DELIVERY AT THE PREFERENCE OF THE REQUESTOR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5HOUSING STUDY 20,000 0 0 GRANT WRITER 1,250 0 0 TOTAL 21,250 0 0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6PRIOR YEAR ADJUSTMENT -5,869
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART IX, LINE 11G
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART XI, LINE 9
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IRS990/UponRequestInd0X
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IRS990/WebsiteAddressTxt0LINDSAYAREADEVELOPMENT.COM
IRS990/WhistleblowerPolicyInd0true
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ReturnHeader/BusinessOfficerGrp/PersonNm0JENNY KORTH
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0SECRETARY/TREASURER
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ReturnHeader/BusinessOfficerGrp/SignatureDt02024-11-15
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ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0CONTRYMAN ASSOCIATES PC CPA'S
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Document Assets

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,543,341
Liabilities
$605,790
Net assets
$937,551
Revenue
$717,220
Expenses
$62,059
Net income
$655,161
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$6.74$1.50$5.24$4.83$0.53$4.30
2023Detailed filing. Detailed filing data is available for this year.$1.54$0.61$0.94$0.72$0.06$0.66
2022Detailed filing. Detailed filing data is available for this year.$0.29$0.01$0.29$0.25$0.08$0.16
2021Detailed filing. Detailed filing data is available for this year.$0.12$0.12$0.03$0.00$0.03