McCook Economic Development Corporation: Nonprofit Profile, Financials & Form 990 (EIN 47-0685662)

Revenue by fiscal year
FY2020	$484K
FY2021	$1.3M
FY2022	$714K
FY2023	$1.4M
FY2024	$770K

Expenses by fiscal year
FY2020	$295K
FY2021	$376K
FY2022	$477K
FY2023	$398K
FY2024	$1.1M

Net assets by fiscal year
FY2020	$3.7M
FY2021	$4.6M
FY2022	$4.9M
FY2023	$5.9M
FY2024	$5.8M

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Dec 1985.

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

Where the money goes

100 cents of each dollar spent went to programs.

100%

Program services 100% · $1.1M

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

16 people listed on the 990.

Part VII, Section A · reportable compensation

Troy Bruntz

President

$0Pt VII · Sec A

Clint Bryant

Director

$0Pt VII · Sec A

Jerry Calvin

Director

$0Pt VII · Sec A

Kent Craw

Director

$0Pt VII · Sec A

Tracey Mia

Director

$0Pt VII · Sec A

Nick Nothnagel

Director

$0Pt VII · Sec A

Garrett Rippen

Director

$0Pt VII · Sec A

Kelly Rippen

Director

$0Pt VII · Sec A

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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 15aYes

Programs and updates

Develop housing and promote economic growth in McCook.

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Provided by the organization

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2 programs · $1.1M · in their own filed words · FY2024

01

Development and promotion of economic development and tourism in southwest nebraska

$693Kprogram expense

02

Development of housing for residential puposes

$399Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid

Grants received · FY2024

Community Hospital Association of McCookFY2024$20K

Total grants receivedfrom 1 funder$20K

Grants paid · 3 grants · $312K · 2020–2024

Performance Plus of Colorado LLCFY2024$200,000

Individual RecipientFY2024$100,000

Sw Ne Community Betterment CorpFY2020$11,858

By the numbers

The FY2024 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$770K

Ln 12

Gifts and grantsLn 1h$750K

Investment incomeLn 3$89K

Fees for servicesLn 2g$9K

Money outPt IX

$1.1M

Ln 25

Programscol B$1.1M

Owns and owesPt X

$5.8M

net assets · Ln 32

Cash and savingsLn 1–2$1.3M

Total assetsLn 16$8.9M

LiabilitiesLn 26$3.2M

PeoplePt VI, VII

16

listed · VII A

PaidVII A0

Voting boardVI 1a16

IndependentVI 1b16

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$750K

Government grantsLn 1e$622K

Noncash giftsLn 1g$12K

Fees for servicesLn 2g$9K

Investment incomeLn 3$89K

Total revenueLn 12$770K

Assets in detailPt X, end of year

CashLn 1$1.3M

Cash and savings togetherLn 1–2$1.3M

InvestmentsLn 11–13$5K

Land, buildings, equipmentLn 10c$5.1M

Other assetsLn 15$1.2M

Total assetsLn 16$8.9M

LiabilitiesLn 26$3.2M

Net assetsLn 32$5.8M

OperationsPt I, VI

EmployeesI 55

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

Line	Start FY24	End FY24
Cash and savingsLn 1–2	$2.5M	$1.3M
InvestmentsLn 11–13	$5K	$5K
Land, buildings, equipmentLn 10c	$3.2M	$5.1M
Total assetsLn 16	$7.0M	$8.9M
LiabilitiesLn 26	$873K	$3.2M
Net assetsLn 32	$6.1M	$5.8M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic organizationsLn 1	$300K	$300K
Other salaries and wagesLn 7	$245K	$245K
Other employee benefitsLn 9	$8K	$8K
Payroll taxesLn 10	$21K	$21K
Legal feesLn 11b	$13K	$13K
Advertising and promotionLn 12	$1K	$1K
Office expensesLn 13	$4K	$4K
OccupancyLn 16	$11K	$11K
TravelLn 17	$3K	$3K
InterestLn 20	$84K	$84K
Depreciation, depletion and amortizationLn 22	$33K	$33K
InsuranceLn 23	$3K	$3K
Other expenses (24a–d)Ln 24	$358K	$358K
All other expensesLn 24e	$6K	$6K
Total functional expensesLn 25	$1.1M	$1.1M	$0	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2024 Latest Viewing	$770K	$1.1M	−$322K	$5.8M	990 PDF
FY2023	$1.4M	$398K	$1.0M	$5.9M	990 PDF
FY2022	$714K	$477K	$237K	$4.9M	990 PDF
FY2021	$1.3M	$376K	$901K	$4.6M	990 PDF
FY2020	$484K	$295K	$189K	$3.7M	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 FY2024 990 (6 parts)

Part I · Summary $770,359 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $1,504,319$750,030

I-9 Program service revenuePrior year $10,605$9,166

I-10 Investment incomePrior year −$96,573$88,648

I-11 Other revenuePrior year −$8,759−$77,485

I-12 Total revenuePrior year $1,409,592$770,359

I-13 Grants and similar amounts paid$300,000

I-14 Benefits paid to members$0

I-15 Salaries and benefitsPrior year $200,264$274,661

I-16a Professional fundraising fees$0

I-17 Other expensesPrior year $197,415$517,429

I-18 Total expensesPrior year $397,679$1,092,090

I-19 Revenue less expensesPrior year $1,011,913−$321,731

Part VI · Governance 16 of 16 board members independent, 3 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-2 Family or business relationship among officers or directorsNo

VI-15a Process for setting top official's payYes

Part VIII · Statement of revenue $770,359 across 9 lines filed

VIII-1e Government grants$622,350

VIII-1f All other contributions, gifts and grants$127,680

VIII-1g Noncash contributions (included above)$12,500

VIII-1h Total contributions, gifts and grants$750,030

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $9,166$9,166

VIII-3 Investment incomeRelated to mission $88,648$88,648

VIII-6 Net rental income or lossRelated to mission −$83,777−$83,777

VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $6,292$6,292

VIII-12 Total revenueRelated to mission $20,329$770,359

Part IX · Statement of functional expenses $1,092,090 across 14 lines filed

IX-1 Grants to domestic organizationsPrograms $300,000$300,000

IX-7 Other salaries and wagesPrograms $245,366$245,366

IX-9 Other employee benefitsPrograms $7,962$7,962

IX-10 Payroll taxesPrograms $21,333$21,333

IX-11b Legal feesPrograms $13,245$13,245

IX-12 Advertising and promotionPrograms $1,211$1,211

IX-13 Office expensesPrograms $4,253$4,253

IX-16 OccupancyPrograms $11,318$11,318

IX-17 TravelPrograms $3,006$3,006

IX-20 InterestPrograms $84,362$84,362

IX-22 Depreciation, depletion and amortizationPrograms $32,583$32,583

IX-23 InsurancePrograms $2,953$2,953

IX-24 Other expenses (24a–d)Programs $358,271$358,271

IX-24e All other expensesPrograms $6,227$6,227

IX-25 Total functional expensesPrograms $1,092,090 · Management $0 · Fundraising $0$1,092,090

Part X · Balance sheet $8,946,966 assets, 18 lines filed

Asset lines not itemized here account for $1,333,399; see the IRS return.

X-1 Cash, non-interest-bearingStart of year $2,518,200$1,324,985

X-4 Accounts receivableStart of year $104,166$42,323

X-9 Prepaid expenses and deferred chargesStart of year $4,735$9,184

X-10c Land, buildings and equipment, netStart of year $3,203,054$5,063,854

X-11 Publicly traded securitiesStart of year $4,635$4,612

X-15 Other assetsStart of year $32,813$1,168,609

X-16 Total assetsStart of year $6,962,185$8,946,966

X-17 Accounts payable and accrued expensesStart of year $38,878$107,091

X-18 Grants payable$100,000

X-19 Deferred revenueStart of year $2,473$2,692

X-20 Tax-exempt bond liabilitiesStart of year $38,194$735

X-24 Unsecured notes and loans payableStart of year $57,331$1,360,144

X-25 Other liabilitiesStart of year $4,432$4,251

X-26 Total liabilitiesStart of year $873,428$3,179,940

X-27 Net assets without donor restrictionsStart of year $4,081,835$3,760,104

X-28 Net assets with donor restrictionsStart of year $2,006,922$2,006,922

X-32 Total net assets or fund balancesStart of year $6,088,757$5,767,026

X-33 Total liabilities and net assetsStart of year $6,962,185$8,946,966

Part XI · Reconciliation of net assets $5,767,026 net assets at year end

XI-1 Total revenue$770,359

XI-2 Total expenses$1,092,090

XI-3 Revenue less expenses−$321,731

XI-4 Net assets at start of year$6,088,757

XI-10 Net assets at end of year$5,767,026

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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McCook Economic Development Corporation

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for McCook Economic Development Corporation

Funders

Grants

By the numbers

Filing history

Schedules filed Part IV