Civic Intelligence

Great Bend Economic Development Inc

990 • Fiscal year 2023 • EIN 84-3800700

Jan 01, 2023 to Dec 31, 2023 • Filed on Feb 09, 2024

Organization ProfileWWW.GBEDINC.COM
3111 10th St - PO Box 1643Great Bend, KS 67530

(620) 792-5378

Siviq Scores

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

Liabilities / Assets

63rd percentile

0.25x

Higher debt load relative to assets than 63% of similar nonprofits.

2023 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

71st percentile

0.36x

Higher debt load relative to revenue than 71% of similar nonprofits.

2023 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2023

Net Margin

95th percentile

40%

Higher net margin than 95% of similar nonprofits.

2023 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

27th percentile

$0

Higher top officer pay than 27% of similar nonprofits.

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

2023 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2023

Asset Growth

30th percentile

-0.4%

Faster asset growth than 30% of similar nonprofits.

2023 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

12th percentile

-11%

Faster revenue growth than 12% of similar nonprofits.

2023 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets63rd percentile

Assets

Down

$1,166,819

Down $5,168 (-0.4%) from 2022

Net Assets

Up

$879,795

Up $317,166 (+56%) from 2022

Liabilities

Down

$287,024

Down $322,334 (-53%) from 2022

Revenue And Expenses
Liabilities / Revenue71st percentileNet Margin95th percentile

Revenue

Down

$791,841

Down $102,330 (-11%) from 2022

Expenses

Up

$474,675

Up $59,388 (+14%) from 2022

Net Income

Down

$317,166

Down $161,718 (-34%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth30th percentile

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

$1.5M$1.0M$500K$0Assets 2020: $144,940Liabilities 2020: $1,926Net Assets 2020: $143,0142020Assets 2021: $770,347Liabilities 2021: $502,189Net Assets 2021: $268,1582021Assets 2022: $1,171,987Liabilities 2022: $609,358Net Assets 2022: $562,6292022Assets 2023: $1,166,819Liabilities 2023: $287,024Net Assets 2023: $879,7952023Assets 2024: $1,002,290Liabilities 2024: $282,587Net Assets 2024: $719,7032024

Highlighted filing

2023

Assets$1,166,819
Liabilities$287,024
Net Assets$879,795
Open 2023 Filing

Operations Trend

Revenue Growth12th percentile

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

$1.0M$500K$0-$500KRevenue 2020: $232,522Expenses 2020: $89,508Net Income 2020: $143,0142020Revenue 2021: $339,692Expenses 2021: $214,548Net Income 2021: $125,1442021Revenue 2022: $894,171Expenses 2022: $415,287Net Income 2022: $478,8842022Revenue 2023: $791,841Expenses 2023: $474,675Net Income 2023: $317,1662023Revenue 2024: $804,973Expenses 2024: $965,064Net Income 2024: -$160,0912024

Highlighted filing

2023

Revenue$791,841
Expenses$474,675
Net Income$317,166
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Feb 9, 2024
Return Version
2023v5.0
Gross Receipts
$791,841
Mission and Program Overview

Mission

The corporation is organized to promote and support economic development for the benefit of all citizens of great bend, ks and the surrounding area. To recruit and retian industrial, retail and other businesses to great bend, ks and surrounding area. To encourage and support entrepreneurship and business development in great bend, ks and the surrounding area. To create and utilize economic metrics and indicators. To conduct related economic development and to conduct marketing, fostering communication with targeted businesses and industries.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$142,645$443,670▲ $301,025
Land, Buildings, and Equipment, Net$385,755$390,392▲ $4,637
Cash and Non-Interest-Bearing Accounts$643,587$332,757▼ $310,830
Total Assets$1,171,987$1,166,819▼ $5,168
Liabilities
Grants Payable$603,745$274,350▼ $329,395
Accounts Payable and Accrued Expenses$5,613$12,674▲ $7,061
Total Liabilities$609,358$287,024▼ $322,334
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$145,537$879,795▲ $734,258
Net Assets With Donor Restrictions$417,092--
Total Net Assets Fund Balance$562,629$879,795▲ $317,166
Total Liabilities and Net Assets / Fund Balance$1,171,987$1,166,819▼ $5,168

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$380,502-$380,502
Compensation and Service Providers
Top Officer Pay27th percentile

Board Members and Trustees

NameTitle
Paul SnappChair
Ryan FairchildVice Chair
Kevyn SoupisetBoard Member
Meleesa StuederBoard Member
Shawn HutchinsonBoard Member
Dennis NeelandSecretary
John WordenTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$784,331
Program Service Revenue
$0
Investment Income
$7,510
Other Revenue
$0
All Other Contributions
$184,331
Change in Net Assets
$317,166
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$283,135
Salaries, Compensation, and Employee Benefits$191,540
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$182,733--$182,733
Advertising$73,719--$73,719
Fees for Services Other$13,322--$13,322
Office Expenses$9,213--$9,213
Other Employee Benefits$8,807--$8,807
Travel$7,475--$7,475
Insurance$5,492--$5,492
Depreciation Depletion$4,170--$4,170
Fees for Services Accounting-$3,270-$3,270
Occupancy$1,202--$1,202
Other Expenses$54--$54
All Other Expenses$-2,204--$-2,204
Total Functional Expenses$471,405$3,270$0$474,675
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
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
No
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 11B

“Copy of return provide to board for review prior to filing the return”

Form 990, Page 6, Part VI, Line 19

“Governing documents available for review on request”

Filing and Contact Details

Filer

Filer Name
Great Bend Economic Development Inc
EIN
84-3800700
Address
3111 10TH ST - PO BOX 1643, GREAT BEND, KS 67530

Signing Officer

Name
Sara Arnberger
Title
President
Signed
2024-02-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Sara Arnberger
Formed
1999
Legal Domicile
Ks
Voting Board Members
7
Independent Board Members
7
Employees
4
Volunteers
50

Preparer

Firm
Spectrum CPA Partners LLC
Address
1400 POLK ST, GREAT BEND, KS 67530-3619
Preparer
Barry J Bowers
Phone
6207925378
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“The corporation is organized to promote and support economic development for the benefit of all citizens of great bend, ks and the surrounding area. To recruit and retian industrial, retail and other businesses to great bend, ks and surrounding area. To encourage and support entrepreneurship and business development in great bend, ks and the surrounding area. To create and utilize economic metrics and indicators. To conduct related economic development and to conduct marketing, fostering communication with targeted businesses and industries.”

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1COPY OF RETURN PROVIDE TO BOARD FOR REVIEW PRIOR TO FILING THE RETURN
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0WWW.GBEDINC.COM
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0SARA ARNBERGER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-02-09
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0GREAT BEND ECONOMIC DEVELOPMENT INC
ReturnHeader/Filer/BusinessNameControlTxt0GREA
ReturnHeader/Filer/EIN0843800700
ReturnHeader/Filer/USAddress/AddressLine1Txt03111 10TH ST - PO BOX 1643
ReturnHeader/Filer/USAddress/CityNm0GREAT BEND
ReturnHeader/Filer/USAddress/StateAbbreviationCd0KS
ReturnHeader/Filer/USAddress/ZIPCd067530
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0261543866
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0SPECTRUM CPA PARTNERS LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01400 POLK ST
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0GREAT BEND
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0KS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0675303619
ReturnHeader/PreparerPersonGrp/PhoneNum06207925378
ReturnHeader/PreparerPersonGrp/PreparationDt02024-04-05
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0BARRY J BOWERS
ReturnHeader/ReturnTs02024-04-05T12:40:21-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0SARA
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0HAYDEN
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

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Filings

Displayed year

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

Open filing
Assets
$1,166,819
Liabilities
$287,024
Net assets
$879,795
Revenue
$791,841
Expenses
$474,675
Net income
$317,166
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.00$0.28$0.72$0.80$0.97$0.16
2023Detailed filing. Detailed filing data is available for this year.$1.17$0.29$0.88$0.79$0.47$0.32
2022Detailed filing. Detailed filing data is available for this year.$1.17$0.61$0.56$0.89$0.42$0.48
2021Detailed filing. Detailed filing data is available for this year.$0.77$0.50$0.27$0.34$0.21$0.13
2020Detailed filing. Detailed filing data is available for this year.$0.14$0.00$0.14$0.23$0.09$0.14