Box Butte Development Corporation FY2021 filing

Not tax-deductible

Alliance, NE501(c)(4)EIN 47-0711216Revenue $269K in FY2021

On file with the IRS502 Box Butte Ave, 69301-3346 · Alliance, NETax-exempt since Apr 1989

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Economic Development

37¢ of each $1 spent went to programs.
$52K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

Before you give

FY2021 · 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 5
filings with a surplus
Average surplus $253K a year · 66% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
37%
of spending
Concern: 37% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$52K
to officers and key staff · 29% of spending
Worth a look: pay to officers and key staff is 29% of spending; over 20%.
Pt VII · Sec A
Cash reserves
26 mo
of spending, in cash
Looks good: 25.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$246K
40% of total assets
Looks good: liabilities are 40% of assets; 50% or less.
Pt X · Ln 26
Independent board members
13
of 13 voting members
Looks good: 13 of 13 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$269K
Spent
$177K
To programs
37%
Net assets
$366K
By yearFY2021–FY2025
Revenue
$269K
FY2021
Tap a bar for its year
Revenue by fiscal year
FY2021$269K
FY2022$129K
FY2023$432K
FY2024$945K
FY2025$146K
Expenses
$177K
FY2021
Tap a bar for its year
Expenses by fiscal year
FY2021$177K
FY2022$112K
FY2023$116K
FY2024$117K
FY2025$135K
Net assets
$366K
FY2021
Tap a bar for its year
Net assets by fiscal year
FY2021$366K
FY2022$384K
FY2023$707K
FY2024$1.5M
FY2025$1.5M

From the FY2021 Form 990 (year ending September 2021) · see the original

Form 990 (PDF) Claim
You’re viewing the FY2021 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 Apr 1989.

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

Where the money goes

37 cents of each dollar spent went to programs.

Program services 37% · $66K Management & general 63% · $111K

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

14 people listed on the 990; $52K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Executive Director
$51,700Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2024FY2023FY2022FY2021
Chelsie Herian$24,875$64,750$58,650$51,700
Hannah Robinson$37,580———

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Box Butte 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 15aYes

Programs and updates

Promotes economic growth and housing development in rural communities.

Provided by the organization

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1 program · $66K · in their own filed words · FY2020
01

Economic & business development in box butte county, ne. The program benefits the entire population and business community of the county and residents and results in new jobs.

$66Kprogram expense

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$269K
Ln 12
Gifts and grantsLn 1h$196K
Investment incomeLn 3$58K
Fees for servicesLn 2g$14K
Money outPt IX
$177K
Ln 25
Programscol B$66K
Managementcol C$111K
Owns and owesPt X
$366K
net assets · Ln 32
Cash and savingsLn 1–2$377K
Total assetsLn 16$612K
LiabilitiesLn 26$246K
PeoplePt VI, VII
14
listed · VII A
PaidVII A1
Voting boardVI 1a13
IndependentVI 1b13
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$196K
Government grantsLn 1e$168K
Fees for servicesLn 2g$14K
Investment incomeLn 3$58K
Gains on assetsLn 7$58K
Total revenueLn 12$269K
Assets in detailPt X, end of year
CashLn 1$201K
SavingsLn 2$177K
Cash and savings togetherLn 1–2$377K
Land, buildings, equipmentLn 10c$234K
Total assetsLn 16$612K
LiabilitiesLn 26$246K
Net assetsLn 32$366K
OperationsPt I, VI
EmployeesI 53
VolunteersI 660
Fiscal year endsHeaderSeptember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$344K$377K
Land, buildings, equipmentLn 10c$292K$234K
Total assetsLn 16$636K$612K
LiabilitiesLn 26$361K$246K
Net assetsLn 32$275K$366K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$59K$0$59K$0
Other salaries and wagesLn 7$21K$0$21K$0
Payroll taxesLn 10$6K$0$6K$0
Accounting feesLn 11c$2K$0$2K$0
Advertising and promotionLn 12$34K$34K$75$0
Office expensesLn 13$4K$0$4K$0
OccupancyLn 16$12K$0$12K$0
TravelLn 17$770$0$770$0
Conferences, conventions and meetingsLn 19$893$0$893$0
InsuranceLn 23$4K$0$4K$0
Other expenses (24a–d)Ln 24$21K$19K$2K$0
All other expensesLn 24e$13K$12K$294$0
Total functional expensesLn 25$177K$66K$111K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $146K$135K$11K$1.5M 990 PDF
FY2024 $945K$117K$828K$1.5M 990 PDF
FY2023 $432K$116K$316K$707K 990 PDF
FY2022 $129K$112K$17K$384K 990 PDF
FY2021 Viewing $269K$177K$91K$366K 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 FY2021 990 (6 parts)
Part I · Summary $268,661 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $197,710$196,270
I-9 Program service revenuePrior year $12,734$13,985
I-10 Investment incomePrior year $845$58,406
I-11 Other revenue$0
I-12 Total revenuePrior year $211,289$268,661
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $120,011$86,149
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $73,953$91,159
I-18 Total expensesPrior year $193,964$177,308
I-19 Revenue less expensesPrior year $17,325$91,353
Part VI · Governance 13 of 13 board members independent, 1 to look at
VI-1a Voting members of the governing body13
VI-1b Independent voting members13
VI-13 Written whistleblower policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $268,661 across 8 lines filed
VIII-1b Membership dues$26,150
VIII-1e Government grants$167,560
VIII-1f All other contributions, gifts and grants$2,560
VIII-1h Total contributions, gifts and grants$196,270
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Unrelated business $0 · Excluded from tax $0$13,985
VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $413$413
VIII-7 Net gain or loss on sales of assetsRelated to mission $57,993 · Unrelated business $0 · Excluded from tax $0$57,993
VIII-12 Total revenueRelated to mission $71,978 · Unrelated business $0 · Excluded from tax $413$268,661
Part IX · Statement of functional expenses $177,308 across 12 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $0 · Management $58,813 · Fundraising $0$58,813
IX-7 Other salaries and wagesPrograms $0 · Management $21,496 · Fundraising $0$21,496
IX-10 Payroll taxesPrograms $0 · Management $5,840 · Fundraising $0$5,840
IX-11c Accounting feesPrograms $0 · Management $1,800 · Fundraising $0$1,800
IX-12 Advertising and promotionPrograms $34,022 · Management $75 · Fundraising $0$34,097
IX-13 Office expensesPrograms $0 · Management $3,644 · Fundraising $0$3,644
IX-16 OccupancyPrograms $0 · Management $11,690 · Fundraising $0$11,690
IX-17 TravelPrograms $0 · Management $770 · Fundraising $0$770
IX-19 Conferences, conventions and meetingsPrograms $0 · Management $893 · Fundraising $0$893
IX-23 InsurancePrograms $0 · Management $4,339 · Fundraising $0$4,339
IX-24 Other expenses (24a–d)Programs $19,428 · Management $1,704 · Fundraising $0$21,132
IX-24e All other expensesPrograms $12,500 · Management $294 · Fundraising $0$12,794
IX-25 Total functional expensesPrograms $65,950 · Management $111,358 · Fundraising $0$177,308
Part X · Balance sheet $612,022 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $168,167$200,748
X-2 Savings and temporary cash investmentsStart of year $176,198$176,578
X-9 Prepaid expenses and deferred chargesStart of year $0$400
X-10c Land, buildings and equipment, netStart of year $291,799$234,296
X-16 Total assetsStart of year $636,164$612,022
X-24 Unsecured notes and loans payableStart of year $361,200$245,705
X-25 Other liabilitiesStart of year $0$0
X-26 Total liabilitiesStart of year $361,200$245,705
X-27 Net assets without donor restrictionsStart of year $258,741$363,819
X-28 Net assets with donor restrictionsStart of year $16,223$2,498
X-32 Total net assets or fund balancesStart of year $274,964$366,317
X-33 Total liabilities and net assetsStart of year $636,164$612,022
Part XI · Reconciliation of net assets $366,317 net assets at year end
XI-1 Total revenue$268,661
XI-2 Total expenses$177,308
XI-3 Revenue less expenses$91,353
XI-4 Net assets at start of year$274,964
XI-10 Net assets at end of year$366,317

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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