Cozad Development Corporation FY2022 filing

Not tax-deductible

Cozad, NE501(c)(4)Since 1973 EIN 47-0642009Revenue $440K in FY2022

On file with the IRSPo Box 252, 69130-0252 · Cozad, NETax-exempt since Jun 1982

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Foster Business Development in Cozad, NE

501(c)(4) social-welfare organization; gifts are not tax-deductible as charitable contributions.
65¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(4)
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
No
Donations are not tax-deductible
Worth a look: the IRS does not list 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
5 of 6
filings with a surplus
Average surplus $335K a year · 39% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
65%
of spending
Worth a look: 65% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
25 mo
of spending, in cash
Looks good: 25.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $1K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$889K
20% of total assets
Looks good: liabilities are 20% of assets; 50% or less.
Pt X · Ln 26
Independent board members
16
of 16 voting members
Looks good: 16 of 16 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$440K
-79% vs prior year
Spent
$337K
To programs
65%
Net assets
$3.6M
By yearFY2020–FY2025
Revenue
$440K
FY2022▼ -79%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.1M
FY2021$2.1M
FY2022$440K
FY2023$491K
FY2024$521K
FY2025$555K
Expenses
$337K
FY2022▼ -44%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.2M
FY2021$598K
FY2022$337K
FY2023$259K
FY2024$404K
FY2025$337K
Net assets
$3.6M
FY2022▲ +34%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.2M
FY2021$2.7M
FY2022$3.6M
FY2023$3.2M
FY2024$3.3M
FY2025$3.4M

From the FY2022 Form 990 · see the original

990 PDF Claim
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jun 1982.

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

Where the money goes

65 cents of each dollar spent went to programs.

Program services 65% · $218K Management & general 23% · $79K Fundraising 12% · $39K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

13 people listed on the 990.

Part VII, Section A · reportable compensation
Past Preside
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Cozad Development Corporation 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

Promotes business growth and development within Cozad, Nebraska.

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Provided by the organization

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1 program · $218K · in their own filed words · FY2022
01

Fostering industrial development in cozad ne. Helping existing business in cozad and the area

$218Kprogram expense

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 · FY2021
Total grants receivedfrom 1 funder$1K

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$440K
Ln 12
Gifts and grantsLn 1h$372K
Fees for servicesLn 2g$52K
Investment incomeLn 3$16K
Money outPt IX
$337K
Ln 25
Programscol B$218K
Managementcol C$79K
Fundraisingcol D$39K
Owns and owesPt X
$3.6M
net assets · Ln 32
Cash and savingsLn 1–2$704K
Total assetsLn 16$4.5M
LiabilitiesLn 26$889K
PeoplePt VI, VII
13
listed · VII A
PaidVII A0
Voting boardVI 1a16
IndependentVI 1b16
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$372K
Government grantsLn 1e$84K
Fees for servicesLn 2g$52K
Investment incomeLn 3$16K
Total revenueLn 12$440K
Assets in detailPt X, end of year
CashLn 1$70K
SavingsLn 2$634K
Cash and savings togetherLn 1–2$704K
Land, buildings, equipmentLn 10c$3.5M
Total assetsLn 16$4.5M
LiabilitiesLn 26$889K
Net assetsLn 32$3.6M
OperationsPt I, VI
EmployeesI 52
VolunteersI 616
Fiscal year endsHeaderDecember
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 FY22End FY22
Cash and savingsLn 1–2$1.8M$704K
Land, buildings, equipmentLn 10c$1.6M$3.5M
Total assetsLn 16$3.6M$4.5M
LiabilitiesLn 26$929K$889K
Net assetsLn 32$2.7M$3.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$140K$35K$70K$35K
Payroll taxesLn 10$17K$4K$9K$4K
Legal feesLn 11b$10K$10K
Accounting feesLn 11c$915$915
Advertising and promotionLn 12$4K$4K
Office expensesLn 13$367$367
TravelLn 17$7K$7K
Conferences, conventions and meetingsLn 19$12K$12K
InterestLn 20$18K$18K
Depreciation, depletion and amortizationLn 22$33K$33K
InsuranceLn 23$22K$22K
Other expenses (24a–d)Ln 24$59K$59K
All other expensesLn 24e$14K$14K
Total functional expensesLn 25$337K$218K$79K$39K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $555K$337K$219K$3.4M 990 PDF
FY2024 $521K$404K$117K$3.3M 990 PDF
FY2023 $491K$259K$232K$3.2M 990 PDF
FY2022 Viewing $440K$337K$103K$3.6M 990 PDF
FY2021 $2.1M$598K$1.5M$2.7M 990 PDF
FY2020 $1.1M$1.2M−$156K$1.2M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2022 990 (6 parts)
Part I · Summary $439,795 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,944,652$371,715
I-9 Program service revenuePrior year $151,136$51,691
I-10 Investment incomePrior year −$797$16,389
I-11 Other revenue$0
I-12 Total revenuePrior year $2,094,991$439,795
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $135,117$157,626
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $462,785$179,029
I-18 Total expensesPrior year $597,902$336,655
I-19 Revenue less expensesPrior year $1,497,089$103,140
Part VI · Governance 16 of 16 board members independent, 4 to look at
VI-1a Voting members of the governing body16
VI-1b Independent voting members16
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $439,795 across 7 lines filed
VIII-1b Membership dues$19,000
VIII-1e Government grants$83,931
VIII-1f All other contributions, gifts and grants$268,784
VIII-1h Total contributions, gifts and grants$371,715
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $51,691$51,691
VIII-3 Investment incomeRelated to mission $11,854 · Excluded from tax $4,535$16,389
VIII-12 Total revenueRelated to mission $63,545 · Excluded from tax $4,535$439,795
Part IX · Statement of functional expenses $336,655 across 13 lines filed
IX-7 Other salaries and wagesPrograms $35,116 · Management $70,233 · Fundraising $35,117$140,466
IX-10 Payroll taxesPrograms $4,290 · Management $8,580 · Fundraising $4,290$17,160
IX-11b Legal feesPrograms $9,739$9,739
IX-11c Accounting feesPrograms $915$915
IX-12 Advertising and promotionPrograms $3,599$3,599
IX-13 Office expensesPrograms $367$367
IX-17 TravelPrograms $7,185$7,185
IX-19 Conferences, conventions and meetingsPrograms $11,902$11,902
IX-20 InterestPrograms $17,940$17,940
IX-22 Depreciation, depletion and amortizationPrograms $32,696$32,696
IX-23 InsurancePrograms $21,611$21,611
IX-24 Other expenses (24a–d)Programs $59,268$59,268
IX-24e All other expensesPrograms $13,807$13,807
IX-25 Total functional expensesPrograms $218,435 · Management $78,813 · Fundraising $39,407$336,655
Part X · Balance sheet $4,472,778 assets, 8 lines filed
Asset lines not itemized here account for $305,456; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $65,199$70,312
X-2 Savings and temporary cash investmentsStart of year $1,736,408$633,964
X-10c Land, buildings and equipment, netStart of year $1,556,103$3,463,046
X-16 Total assetsStart of year $3,600,872$4,472,778
X-24 Unsecured notes and loans payableStart of year $928,976$888,871
X-26 Total liabilitiesStart of year $928,976$888,871
X-32 Total net assets or fund balancesStart of year $2,671,896$3,583,907
X-33 Total liabilities and net assetsStart of year $3,600,872$4,472,778
Part XI · Reconciliation of net assets $3,583,907 net assets at year end
XI-1 Total revenue$439,795
XI-2 Total expenses$336,655
XI-3 Revenue less expenses$103,140
XI-4 Net assets at start of year$2,671,896
XI-9 Other changes in net assets$808,871
XI-10 Net assets at end of year$3,583,907

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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