Box Butte Development Corporation FY2023 filing

Not tax-deductible

Alliance, NE501(c)(4)EIN 47-0711216Revenue $432K in FY2023

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

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Economic Development

10¢ of each $1 spent went to programs.
$65K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

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FY2023 · 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
10%
of spending
Concern: 10% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$65K
to officers and key staff · 56% of spending
Concern: pay to officers and key staff is 56% of spending; over 30%.
Pt VII · Sec A
Cash reserves
74 mo
of spending, in cash
Looks good: 74.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$246K
26% of total assets
Looks good: liabilities are 26% of assets; 50% or less.
Pt X · Ln 26
Independent board members
11
of 11 voting members
Looks good: 11 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$432K
+234% vs prior year
Spent
$116K
To programs
10%
Net assets
$707K
By yearFY2021–FY2025
Revenue
$432K
FY2023▲ +234%
Tap a bar for its year
Revenue by fiscal year
FY2021$269K
FY2022$129K
FY2023$432K
FY2024$945K
FY2025$146K
Expenses
$116K
FY2023▲ +3%
Tap a bar for its year
Expenses by fiscal year
FY2021$177K
FY2022$112K
FY2023$116K
FY2024$117K
FY2025$135K
Net assets
$707K
FY2023▲ +84%
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 FY2023 Form 990 (year ending September 2023) · see the original

990 PDF Claim
You’re viewing the FY2023 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

10 cents of each dollar spent went to programs.

Program services 10% · $12K Management & general 90% · $104K

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

12 people listed on the 990; $65K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Executive Director
$64,750Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$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.

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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.

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Provided by the organization

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1 program · $12K · in their own filed words · FY2022
01

The rural fellows grant provided for interns to promote & market small business training $9500; the C4K grant provided for administration hosting of the child care initiative $1113. Fascade reimbursement for betterment of fascade of local buildings $1000.

$12Kprogram expense

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$432K
Ln 12
Gifts and grantsLn 1h$431K
Fees for servicesLn 2g$848
Money outPt IX
$116K
Ln 25
Programscol B$12K
Managementcol C$104K
Owns and owesPt X
$707K
net assets · Ln 32
Cash and savingsLn 1–2$718K
Total assetsLn 16$953K
LiabilitiesLn 26$246K
PeoplePt VI, VII
12
listed · VII A
PaidVII A1
Voting boardVI 1a11
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$431K
Government grantsLn 1e$401K
Fees for servicesLn 2g$848
Total revenueLn 12$432K
Assets in detailPt X, end of year
CashLn 1$220K
SavingsLn 2$498K
Cash and savings togetherLn 1–2$718K
Land, buildings, equipmentLn 10c$234K
Total assetsLn 16$953K
LiabilitiesLn 26$246K
Net assetsLn 32$707K
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 FY23End FY23
Cash and savingsLn 1–2$397K$718K
Land, buildings, equipmentLn 10c$234K$234K
Total assetsLn 16$631K$953K
LiabilitiesLn 26$248K$246K
Net assetsLn 32$384K$707K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$1K$1K
Pay of current officers, directors and key staffLn 5$65K$0$65K$0
Other salaries and wagesLn 7$8K$8K$0$0
Payroll taxesLn 10$9K$0$9K$0
Accounting feesLn 11c$2K$0$2K$0
Advertising and promotionLn 12$4K$0$4K$0
Office expensesLn 13$3K$0$3K$0
OccupancyLn 16$9K$0$9K$0
TravelLn 17$2K$0$2K$0
Conferences, conventions and meetingsLn 19$1K$0$1K$0
InsuranceLn 23$4K$0$4K$0
Other expenses (24a–d)Ln 24$4K$0$4K$0
All other expensesLn 24e$4K$3K$1K$0
Total functional expensesLn 25$116K$12K$104K$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 Viewing $432K$116K$316K$707K 990 PDF
FY2022 $129K$112K$17K$384K 990 PDF
FY2021 $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 FY2023 990 (6 parts)
Part I · Summary $431,743 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $128,545$430,895
I-9 Program service revenuePrior year $312$848
I-10 Investment incomePrior year $474$0
I-11 Other revenue$0
I-12 Total revenuePrior year $129,331$431,743
I-13 Grants and similar amounts paid$1,113
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $65,036$81,129
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $46,869$33,369
I-18 Total expensesPrior year $111,905$115,611
I-19 Revenue less expensesPrior year $17,426$316,132
Part VI · Governance 11 of 11 board members independent, 1 to look at
VI-1a Voting members of the governing body11
VI-1b Independent voting members11
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 $431,743 across 5 lines filed
VIII-1b Membership dues$29,585
VIII-1e Government grants$401,310
VIII-1h Total contributions, gifts and grants$430,895
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Unrelated business $0 · Excluded from tax $0$848
VIII-12 Total revenueRelated to mission $848 · Unrelated business $0 · Excluded from tax $0$431,743
Part IX · Statement of functional expenses $115,611 across 13 lines filed
IX-1 Grants to domestic organizationsPrograms $1,113$1,113
IX-5 Pay of current officers, directors and key staffPrograms $0 · Management $64,750 · Fundraising $0$64,750
IX-7 Other salaries and wagesPrograms $7,500 · Management $0 · Fundraising $0$7,500
IX-10 Payroll taxesPrograms $0 · Management $8,879 · Fundraising $0$8,879
IX-11c Accounting feesPrograms $0 · Management $1,950 · Fundraising $0$1,950
IX-12 Advertising and promotionPrograms $0 · Management $3,607 · Fundraising $0$3,607
IX-13 Office expensesPrograms $0 · Management $3,095 · Fundraising $0$3,095
IX-16 OccupancyPrograms $0 · Management $9,043 · Fundraising $0$9,043
IX-17 TravelPrograms $0 · Management $2,099 · Fundraising $0$2,099
IX-19 Conferences, conventions and meetingsPrograms $0 · Management $1,332 · Fundraising $0$1,332
IX-23 InsurancePrograms $0 · Management $4,214 · Fundraising $0$4,214
IX-24 Other expenses (24a–d)Programs $0 · Management $3,907 · Fundraising $0$3,907
IX-24e All other expensesPrograms $3,000 · Management $1,122 · Fundraising $0$4,122
IX-25 Total functional expensesPrograms $11,613 · Management $103,998 · Fundraising $0$115,611
Part X · Balance sheet $952,651 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $222,266$220,169
X-2 Savings and temporary cash investmentsStart of year $174,447$497,647
X-9 Prepaid expenses and deferred chargesStart of year $400$539
X-10c Land, buildings and equipment, netStart of year $234,296$234,296
X-16 Total assetsStart of year $631,409$952,651
X-24 Unsecured notes and loans payableStart of year $245,705$245,705
X-25 Other liabilitiesStart of year $1,962$0
X-26 Total liabilitiesStart of year $247,667$245,705
X-27 Net assets without donor restrictionsStart of year $381,588$384,897
X-28 Net assets with donor restrictionsStart of year $2,154$322,049
X-32 Total net assets or fund balancesStart of year $383,742$706,946
X-33 Total liabilities and net assetsStart of year $631,409$952,651
Part XI · Reconciliation of net assets $706,946 net assets at year end
XI-1 Total revenue$431,743
XI-2 Total expenses$115,611
XI-3 Revenue less expenses$316,132
XI-4 Net assets at start of year$383,742
XI-10 Net assets at end of year$706,946

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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