McCook Economic Development Corporation: FY2020 Nonprofit Profile & 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

27 cents of each dollar spent went to programs.

27%

73%

Program services 27% · $80K Management & general 73% · $216K

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

Something off? Claim to add context

Who runs it and what they're paid

18 people listed on the 990.

Part VII, Section A · reportable compensation

Dennis Berry

President

$0Pt VII · Sec A

Dawson Brunswick

Director

$0Pt VII · Sec A

Troy Bruntz

Vice Preside

$0Pt VII · Sec A

Dan Burns

Director

$0Pt VII · Sec A

Jerry Calvin

Director

$0Pt VII · Sec A

Jeff Crick

Director

$0Pt VII · Sec A

Pat Farrell

Director

$0Pt VII · Sec A

Mike Gonzales

Director

$0Pt VII · Sec A

See McCook Economic Development Corporation executive salaries →

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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1 program · $80K · in their own filed words · FY2020

01

Development and promotion of economic development and tourism in southwest nebraska

Form 990 Part III, line 4, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 47-0685662) · Dispute this line

$80Kprogram 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 FY2020 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$484K

Ln 12

Gifts and grantsLn 1h$510K

Investment incomeLn 3$28K

Fees for servicesLn 2g$12K

Money outPt IX

$295K

Ln 25

Programscol B$80K

Managementcol C$216K

Owns and owesPt X

$3.7M

net assets · Ln 32

Cash and savingsLn 1–2$370K

Total assetsLn 16$4.2M

LiabilitiesLn 26$491K

PeoplePt VI, VII

18

listed · VII A

PaidVII A0

Voting boardVI 1a18

IndependentVI 1b18

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$510K

Government grantsLn 1e$413K

Fees for servicesLn 2g$12K

Investment incomeLn 3$28K

Gains on assetsLn 7$25K

Total revenueLn 12$484K

Assets in detailPt X, end of year

CashLn 1$370K

Cash and savings togetherLn 1–2$370K

Accounts receivableLn 4$177K

Notes and loans receivableLn 7$290K

Inventories for sale or useLn 8$162K

Prepaid expenses and deferred chargesLn 9$5K

Land, buildings, equipmentLn 10c$3.2M

InvestmentsLn 11–13$10K

Other assetsLn 15$27K

Total assetsLn 16$4.2M

LiabilitiesLn 26$491K

Net assetsLn 32$3.7M

OperationsPt I, VI

EmployeesI 55

Fiscal year endsHeaderDecember

Conflict-of-interest policyVI 12aNo

Whistleblower policyVI 13No

Records policyVI 14No

3More from this return

BondsSch K, Pt X

Tax-exempt bond debt owedX 20$142K

Bond issues listedSch K Pt I1

Raised by those issuesSch K Pt I$208K

4Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY20	End FY20
Cash and savingsLn 1–2	$338K	$370K
InvestmentsLn 11–13	$10K	$10K
Land, buildings, equipmentLn 10c	$3.3M	$3.2M
Total assetsLn 16	$4.1M	$4.2M
LiabilitiesLn 26	$528K	$491K
Net assetsLn 32	$3.5M	$3.7M

5Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic organizationsLn 1	$12K	$12K
Other salaries and wagesLn 7	$126K		$126K
Other employee benefitsLn 9	$10K		$10K
Payroll taxesLn 10	$10K		$10K
Legal feesLn 11b	$55	$55
Accounting feesLn 11c	$5K		$5K
Other fees for servicesLn 11g	$805	$805
Advertising and promotionLn 12	$660	$25	$635
Office expensesLn 13	$4K		$4K
OccupancyLn 16	$14K		$14K
Conferences, conventions and meetingsLn 19	$2K		$2K
InterestLn 20	$213		$213
Depreciation, depletion and amortizationLn 22	$2K	$500	$2K
InsuranceLn 23	$3K	$33	$3K
Other expenses (24a–d)Ln 24	$101K	$63K	$38K
All other expensesLn 24e	$5K	$4K	$929
Total functional expensesLn 25	$295K	$80K	$216K	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2024 LatestFiled with the IRS Oct 21, 2025	$770K	$1.1M	−$322K	$5.8M	990 PDF
FY2023Filed with the IRS Sep 13, 2024	$1.4M	$398K	$1.0M	$5.9M	990 PDF
FY2022Filed with the IRS Jul 12, 2023	$714K	$477K	$237K	$4.9M	990 PDF
FY2021Filed with the IRS Nov 14, 2022	$1.3M	$376K	$901K	$4.6M	990 PDF
FY2020 ViewingFiled with the IRS Nov 15, 2021	$484K	$295K	$189K	$3.7M	990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations

See the full FY2020 990

Part I · Summary $484,296 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $275,263$510,008

I-9 Program service revenuePrior year $10,863$12,155

I-10 Investment incomePrior year $24,143$27,972

I-11 Other revenuePrior year −$90,666−$65,839

I-12 Total revenuePrior year $219,603$484,296

I-13 Grants and similar amounts paidPrior year $6,000$11,858

I-14 Benefits paid to members$0

I-15 Salaries and benefitsPrior year $142,014$145,955

I-16a Professional fundraising fees$0

I-17 Other expensesPrior year $85,311$137,622

I-18 Total expensesPrior year $233,325$295,435

I-19 Revenue less expensesPrior year −$13,722$188,861

Part VI · Governance 18 of 18 board members independent, 3 to look at

VI-1a Voting members of the governing body18

VI-1b Independent voting members18

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 $484,296 across 9 lines filed

VIII-1e Government grants$412,788

VIII-1f All other contributions, gifts and grants$97,220

VIII-1h Total contributions, gifts and grants$510,008

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $12,155$12,155

VIII-3 Investment incomeRelated to mission $2,968$2,968

VIII-6 Net rental income or lossRelated to mission −$96,213−$96,213

VIII-7 Net gain or loss on sales of assetsRelated to mission $25,004$25,004

VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission −$23 · Excluded from tax $30,397$30,374

VIII-12 Total revenueRelated to mission −$56,109 · Excluded from tax $30,397$484,296

Part IX · Statement of functional expenses $295,435 across 16 lines filed

IX-1 Grants to domestic organizationsPrograms $11,858$11,858

IX-7 Other salaries and wagesManagement $125,688$125,688

IX-9 Other employee benefitsManagement $10,004$10,004

IX-10 Payroll taxesManagement $10,263$10,263

IX-11b Legal feesPrograms $55$55

IX-11c Accounting feesManagement $5,498$5,498

IX-11g Other fees for servicesPrograms $805$805

IX-12 Advertising and promotionPrograms $25 · Management $635$660

IX-13 Office expensesManagement $3,913$3,913

IX-16 OccupancyManagement $13,727$13,727

IX-19 Conferences, conventions and meetingsManagement $1,767$1,767

IX-20 InterestManagement $213$213

IX-22 Depreciation, depletion and amortizationPrograms $500 · Management $1,705$2,205

IX-23 InsurancePrograms $33 · Management $3,201$3,234

IX-24 Other expenses (24a–d)Programs $62,699 · Management $37,972$100,671

IX-24e All other expensesPrograms $3,945 · Management $929$4,874

IX-25 Total functional expensesPrograms $79,920 · Management $215,515 · Fundraising $0$295,435

Part X · Balance sheet $4,214,602 assets, 19 lines filed

X-1 Cash, non-interest-bearingStart of year $338,128$370,020

X-4 Accounts receivableStart of year $31,115$176,601

X-7 Notes and loans receivableStart of year $338,872$290,022

X-8 Inventories for sale or use$162,312

X-9 Prepaid expenses and deferred chargesStart of year $4,208$5,022

X-10c Land, buildings and equipment, netStart of year $3,313,190$3,173,534

X-11 Publicly traded securitiesStart of year $9,869$9,846

X-15 Other assetsStart of year $27,048$27,245

X-16 Total assetsStart of year $4,062,430$4,214,602

X-17 Accounts payable and accrued expensesStart of year $32,068$38,044

X-19 Deferred revenueStart of year $6,612$4,871

X-20 Tax-exempt bond liabilitiesStart of year $167,544$142,178

X-23 Secured mortgages and notes payableStart of year $317,638$154,697

X-24 Unsecured notes and loans payable$148,612

X-25 Other liabilitiesStart of year $3,881$2,652

X-26 Total liabilitiesStart of year $527,743$491,054

X-27 Net assets without donor restrictionsStart of year $3,534,687$3,723,548

X-32 Total net assets or fund balancesStart of year $3,534,687$3,723,548

X-33 Total liabilities and net assetsStart of year $4,062,430$4,214,602

Part XI · Reconciliation of net assets $3,723,548 net assets at year end

XI-1 Total revenue$484,296

XI-2 Total expenses$295,435

XI-3 Revenue less expenses$188,861

XI-4 Net assets at start of year$3,534,687

XI-10 Net assets at end of year$3,723,548

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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McCook Economic Development Corporation FY2020 filing

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