Sherman County Economic Development INC

Tax-deductible

Loup City, NE501(c)(3)Community DevelopmentEIN 26-4618722

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To provide Economic Development opportunities within Sherman County, nebraska in order to increase housing, business growth, and population.

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Run by 4 volunteers and 1 employee.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 6
filings with a surplus
Average surplus $292K a year · 60% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
66 mo
of spending, in cash
Looks good: 65.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $50K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$104K
4% of total assets
Looks good: liabilities are 4% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.5M
+103% vs prior year
Spent
$248K
To programs
100%
Net assets
$2.7M
By yearFY2020–FY2025
Revenue
$1.5M
FY2025▲ +103%
Revenue by fiscal year
FY2020$119K
FY2021$128K
FY2022$267K
FY2023$242K
FY2024$721K
FY2025$1.5M
Expenses
$248K
FY2025▲ +16%
Expenses by fiscal year
FY2020$148K
FY2021$172K
FY2022$182K
FY2023$222K
FY2024$214K
FY2025$248K
Net assets
$2.7M
FY2025▲ +83%
Net assets by fiscal year
FY2020$812K
FY2021$768K
FY2022$853K
FY2023$873K
FY2024$1.5M
FY2025$2.7M

From the FY2025 Form 990 (year ending September 2025) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jun 2010.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $248K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

7 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
$0Pt VII · Sec A
See Sherman County Economic Development INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Boosts Sherman County's economy to create jobs, housing, and population growth.

Provided by the organization

This section is blank until Sherman County Economic Development INC claims this page.

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1 program service, described in the organization's own filed words · FY2024.
01

Administration of revolving loan program and LB 840 program to improve community through economic development incentives ultimately benefiting approx. 3,200 persons.

Pt IX · col B

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2025
Total grants receivedfrom 1 funder$50K

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$1.5M
Ln 12
Gifts and grantsLn 1h$1.4M
Fees for servicesLn 2g$45K
Other incomeLn 4–11$6K
Money outPt IX
$248K
Ln 25
Programscol B$248K
Owns and owesPt X
$2.7M
net assets · Ln 32
Cash and savingsLn 1–2$1.4M
Total assetsLn 16$2.8M
LiabilitiesLn 26$104K
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.4M
Government grantsLn 1e$1.4M
Fees for servicesLn 2g$45K
Investment incomeLn 3$3K
Other incomeLn 4–11$6K
Total revenueLn 12$1.5M
Assets in detailPt X, end of year
CashLn 1$1.4M
Cash and savings togetherLn 1–2$1.4M
Land, buildings, equipmentLn 10c$1.4M
Other assetsLn 15$1K
Total assetsLn 16$2.8M
LiabilitiesLn 26$104K
Net assetsLn 32$2.7M
OperationsPt I, VI
EmployeesI 51
VolunteersI 64
Fiscal year endsHeaderSeptember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$133K$1.4M
Land, buildings, equipmentLn 10c$1.4M$1.4M
Total assetsLn 16$1.6M$2.8M
LiabilitiesLn 26$159K$104K
Net assetsLn 32$1.5M$2.7M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$66K$66K
Payroll taxesLn 10$7K$7K
Legal feesLn 11b$1K$1K
Accounting feesLn 11c$4K$4K
Other fees for servicesLn 11g$11K$11K
Advertising and promotionLn 12$540$540
Office expensesLn 13$3K$3K
OccupancyLn 16$39K$39K
TravelLn 17$1K$1K
Conferences, conventions and meetingsLn 19$1K$1K
InterestLn 20$6K$6K
Depreciation, depletion and amortizationLn 22$94K$94K
InsuranceLn 23$4K$4K
Other expenses (24a–d)Ln 24$11K$11K
All other expensesLn 24e$12$12
Total functional expensesLn 25$248K$248K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $1.5M$248K$1.2M$2.7M 990 PDF
FY2024 $721K$214K$506K$1.5M 990 PDF
FY2023 $242K$222K$20K$873K 990 PDF
FY2022 $267K$182K$85K$853K 990 PDF
FY2021 $128K$172K−$45K$768K 990 PDF
FY2020 $119K$148K−$29K$812K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2025 990 (4 parts)
Part VIII · Statement of revenue $1,462,814 across 7 lines filed
VIII-1e Government grants$1,409,175
VIII-1f All other contributions, gifts and grants$25
VIII-1h Total contributions, gifts and grants$1,409,200
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $45,410$45,410
VIII-3 Investment incomeRelated to mission $2,673$2,673
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $5,531$5,531
VIII-12 Total revenueRelated to mission $53,614$1,462,814
Part IX · Statement of functional expenses $248,230 across 15 lines filed
IX-7 Other salaries and wagesPrograms $65,852$65,852
IX-10 Payroll taxesPrograms $6,589$6,589
IX-11b Legal feesPrograms $1,452$1,452
IX-11c Accounting feesPrograms $4,030$4,030
IX-11g Other fees for servicesPrograms $10,981$10,981
IX-12 Advertising and promotionPrograms $540$540
IX-13 Office expensesPrograms $2,673$2,673
IX-16 OccupancyPrograms $38,738$38,738
IX-17 TravelPrograms $1,366$1,366
IX-19 Conferences, conventions and meetingsPrograms $1,117$1,117
IX-20 InterestPrograms $6,293$6,293
IX-22 Depreciation, depletion and amortizationPrograms $93,948$93,948
IX-23 InsurancePrograms $3,621$3,621
IX-24 Other expenses (24a–d)Programs $11,018$11,018
IX-24e All other expensesPrograms $12$12
IX-25 Total functional expensesPrograms $248,230 · Management $0 · Fundraising $0$248,230
Part X · Balance sheet $2,789,124 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $133,043$1,362,261
X-10c Land, buildings and equipment, netStart of year $1,444,539$1,379,474
X-14 Intangible assetsStart of year $49,722$46,389
X-15 Other assetsStart of year $1,806$1,000
X-16 Total assetsStart of year $1,629,110$2,789,124
X-25 Other liabilitiesStart of year $159,035$103,659
X-26 Total liabilitiesStart of year $159,035$103,659
X-27 Net assets without donor restrictionsStart of year $1,418,127$1,361,042
X-28 Net assets with donor restrictionsStart of year $51,948$1,324,423
X-32 Total net assets or fund balancesStart of year $1,470,075$2,685,465
X-33 Total liabilities and net assetsStart of year $1,629,110$2,789,124
Part XI · Reconciliation of net assets $2,685,465 net assets at year end
XI-1 Total revenue$1,462,814
XI-2 Total expenses$248,230
XI-3 Revenue less expenses$1,214,584
XI-4 Net assets at start of year$1,470,075
XI-8 Prior period adjustments$806
XI-10 Net assets at end of year$2,685,465

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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