Box Butte Development Corporation FY2024 filing

Not tax-deductible

Alliance, NE501(c)(4)EIN 47-0711216Revenue $945K in FY2024

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

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Economic Development

9¢ of each $1 spent went to programs.
$62K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

Before you give

FY2024 · 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
9%
of spending
Concern: 9% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$62K
to officers and key staff · 53% of spending
Concern: pay to officers and key staff is 53% of spending; over 30%.
Pt VII · Sec A
Cash reserves
159 mo
of spending, in cash
Looks good: 158.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$246K
14% of total assets
Looks good: liabilities are 14% 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
$945K
+119% vs prior year
Spent
$117K
To programs
9%
Net assets
$1.5M
By yearFY2021–FY2025
Revenue
$945K
FY2024▲ +119%
Tap a bar for its year
Revenue by fiscal year
FY2021$269K
FY2022$129K
FY2023$432K
FY2024$945K
FY2025$146K
Expenses
$117K
FY2024▲ +1%
Tap a bar for its year
Expenses by fiscal year
FY2021$177K
FY2022$112K
FY2023$116K
FY2024$117K
FY2025$135K
Net assets
$1.5M
FY2024▲ +117%
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 FY2024 Form 990 (year ending September 2024) · see the original

990 PDF Claim
You’re viewing the FY2024 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

9 cents of each dollar spent went to programs.

Program services 9% · $10K Management & general 91% · $107K

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; $62K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Executive Director
$37,580Pt VII · Sec A
Executive Director
$24,875Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$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 · $10K · in their own filed words · FY2023
01

The C4K grant provided for administration hosting of the child care initiative $909. Santa house for childred $2049. Housing administration expense $7000.

$10Kprogram expense

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$945K
Ln 12
Gifts and grantsLn 1h$928K
Investment incomeLn 3$17K
Fees for servicesLn 2g$167
Money outPt IX
$117K
Ln 25
Programscol B$10K
Managementcol C$107K
Owns and owesPt X
$1.5M
net assets · Ln 32
Cash and savingsLn 1–2$1.5M
Total assetsLn 16$1.8M
LiabilitiesLn 26$246K
PeoplePt VI, VII
14
listed · VII A
PaidVII A2
Voting boardVI 1a11
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$928K
Government grantsLn 1e$909K
Fees for servicesLn 2g$167
Investment incomeLn 3$17K
Total revenueLn 12$945K
Assets in detailPt X, end of year
CashLn 1$236K
SavingsLn 2$1.3M
Cash and savings togetherLn 1–2$1.5M
Land, buildings, equipmentLn 10c$234K
Total assetsLn 16$1.8M
LiabilitiesLn 26$246K
Net assetsLn 32$1.5M
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 FY24End FY24
Cash and savingsLn 1–2$718K$1.5M
Land, buildings, equipmentLn 10c$234K$234K
Total assetsLn 16$953K$1.8M
LiabilitiesLn 26$246K$246K
Net assetsLn 32$707K$1.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$3K$3K
Pay of current officers, directors and key staffLn 5$66K$0$66K$0
Payroll taxesLn 10$9K$0$9K$0
Accounting feesLn 11c$3K$0$3K$0
Advertising and promotionLn 12$5K$0$5K$0
Office expensesLn 13$5K$0$5K$0
OccupancyLn 16$13K$0$13K$0
TravelLn 17$1K$0$1K$0
Conferences, conventions and meetingsLn 19$517$0$517$0
Other expenses (24a–d)Ln 24$11K$7K$4K$0
All other expensesLn 24e$317$0$317$0
Total functional expensesLn 25$117K$10K$107K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $146K$135K$11K$1.5M 990 PDF
FY2024 Viewing $945K$117K$828K$1.5M 990 PDF
FY2023 $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 FY2024 990 (6 parts)
Part I · Summary $944,905 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $430,895$927,610
I-9 Program service revenuePrior year $848$167
I-10 Investment income$17,128
I-11 Other revenue$0
I-12 Total revenuePrior year $431,743$944,905
I-13 Grants and similar amounts paidPrior year $1,113$2,958
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $81,129$74,965
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $33,369$38,882
I-18 Total expensesPrior year $115,611$116,805
I-19 Revenue less expensesPrior year $316,132$828,100
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 $944,905 across 6 lines filed
VIII-1b Membership dues$18,910
VIII-1e Government grants$908,700
VIII-1h Total contributions, gifts and grants$927,610
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Unrelated business $0 · Excluded from tax $0$167
VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $0$17,128
VIII-12 Total revenueRelated to mission $17,295 · Unrelated business $0 · Excluded from tax $0$944,905
Part IX · Statement of functional expenses $116,805 across 11 lines filed
IX-1 Grants to domestic organizationsPrograms $2,958$2,958
IX-5 Pay of current officers, directors and key staffPrograms $0 · Management $65,914 · Fundraising $0$65,914
IX-10 Payroll taxesPrograms $0 · Management $9,051 · Fundraising $0$9,051
IX-11c Accounting feesPrograms $0 · Management $2,585 · Fundraising $0$2,585
IX-12 Advertising and promotionPrograms $0 · Management $4,952 · Fundraising $0$4,952
IX-13 Office expensesPrograms $0 · Management $4,912 · Fundraising $0$4,912
IX-16 OccupancyPrograms $0 · Management $13,059 · Fundraising $0$13,059
IX-17 TravelPrograms $0 · Management $1,177 · Fundraising $0$1,177
IX-19 Conferences, conventions and meetingsPrograms $0 · Management $517 · Fundraising $0$517
IX-24 Other expenses (24a–d)Programs $7,000 · Management $4,363 · Fundraising $0$11,363
IX-24e All other expensesPrograms $0 · Management $317 · Fundraising $0$317
IX-25 Total functional expensesPrograms $9,958 · Management $106,847 · Fundraising $0$116,805
Part X · Balance sheet $1,781,108 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $220,169$236,329
X-2 Savings and temporary cash investmentsStart of year $497,647$1,310,083
X-9 Prepaid expenses and deferred chargesStart of year $539$400
X-10c Land, buildings and equipment, netStart of year $234,296$234,296
X-16 Total assetsStart of year $952,651$1,781,108
X-24 Unsecured notes and loans payableStart of year $245,705$245,705
X-25 Other liabilitiesStart of year $0$357
X-26 Total liabilitiesStart of year $245,705$246,062
X-27 Net assets without donor restrictionsStart of year $384,897$417,046
X-28 Net assets with donor restrictionsStart of year $322,049$1,118,000
X-32 Total net assets or fund balancesStart of year $706,946$1,535,046
X-33 Total liabilities and net assetsStart of year $952,651$1,781,108
Part XI · Reconciliation of net assets $1,535,046 net assets at year end
XI-1 Total revenue$944,905
XI-2 Total expenses$116,805
XI-3 Revenue less expenses$828,100
XI-4 Net assets at start of year$706,946
XI-10 Net assets at end of year$1,535,046

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

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