Dawson County Area Economic Develop FY2020 filing

Lexington, NE · Unknown exempt organization

✕ IRS exemption revoked
Revenue
$370K
+20% vs prior year
Spent
$291K
To programs
64%
Net assets
$781K
By yearFY2019–FY2021
Revenue
$370K
FY2020▲ +20%
Revenue by fiscal year
FY2019$308K
FY2020$370K
FY2021$325K
Expenses
$291K
FY2020▲ +32%
Expenses by fiscal year
FY2019$221K
FY2020$291K
FY2021$334K
Net assets
$781K
FY2020▼ -17%
Net assets by fiscal year
FY2019$939K
FY2020$781K
FY2021$772K

From the FY2020 Form 990 (year ending July 2020) · see the original

IRS revoked this organization's tax-exempt status on December 15, 2024
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2021) →

Status and standing

Is it real, and can you give to it?

Tax-deductible?
No — IRS exemption revoked
On the IRS revocation list.
Can I give now?
No — exemption revoked (2024-12-15)
On the IRS revocation list.
Filing up to date?
No filing since FY2020 — 6 yrs
Legal name (IRS)Hdr · item CDawson County Area Economic Develop
EINHdr · item D47-0726051
Exempt statusHdr · item IRevoked
Latest filingForm 990FY2021 · Form 990
Principal addressHdr · item CLexington, NE
NTEE classificationIRS BMFNonprofit

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.64 Management & general $0.36
Program services64%$186K
Management & general36%$106K
Total functional expensesLn 25$291K

Financial health

Is it on solid ground?

Surplus margin
+21%
revenue over expenses, this year
Program spending
64%
of expenses reach programs

Summary of the Filing

Part I · fiscal year 2020 · Form 990
Total assets
$1.1M
FY2020▼ -17%
Total assets by fiscal year
FY2019$1.3M
FY2020$1.1M
FY2021$1.0M
Total liabilities
$280K
FY2020▼ -19%
Total liabilities by fiscal year
FY2019$345K
FY2020$280K
FY2021$232K
Revenue less expensesPt I · Ln 19$78K
Total assetsPt X · Ln 16$1.1M
Program-expense ratioPt IX · col B64%
Voting members of governing bodyPt I · Ln 310
Independent voting membersPt I · Ln 410

Balance Sheet

Part X · end of year
CashLn 1$208K
Total assetsLn 16$1.1M
Total liabilitiesLn 26$280K
Total net assetsLn 32$781K
Months of cash on handcomputed8.6

Statement of Revenue

Part VIII
Program service revenue$194K · 53%
Contributions & grants$174K · 47%
Program service revenue53%$194K
Contributions & grants47%$174K
Investment income$1K
— government grantsLn 1e$174K
Total revenueLn 12$370K

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $208K · Operating expenses/yr $291K
8.6 months
Where the money goes
Program services
Program services $186K · Total expenses $291K
64%
Management & General
Management & general $106K · Total expenses $291K
36%
Fundraising
Fundraising $0 · Total expenses $291K
0%
Cost to raise $1
Fundraising expense (2-yr avg) $0 · Solicited contributions (2-yr avg) $0
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $174K · Total revenue $370K
47%
Government reliance
Government grants $174K · Total revenue $370K
47%
Earned-income share
Program service revenue $194K · Total revenue $370K
53%
Investment reliance
Investment income $1K · Total revenue $370K
+0.4%
Program self-sufficiency
Program service revenue $194K · Total expenses $291K
67%
Growth & trend
Revenue growth (YoY)
This year $370K · Prior year $308K
+20%
Net-asset trend (YoY)
End of year $781K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $370K · Expenses $291K
+21%
Liabilities-to-Assets
Total liabilities — · Total assets $1.1M
—
Net-asset ratio
Net assets $781K · Total assets $1.1M
74%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $1.1M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Andrea McClintic · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $73K · Total expenses $291K
25%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $175K · Total expenses $291K
60%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 64%——
Overhead ratio 36%——
Fundraising cost ratio 0%——
Revenue growth 20%——
Accounting fee ratio 2%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
Executive Director
$72,557Pt VII · Sec A
$0Pt VII · Sec A
Secretarytreasurer
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice Chairman
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2020FY2019
Andrea McClintic$72,557$72,557

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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Governance & Policies

Part VI
  • 10Voting board membersPt VI · Ln 1a
  • 10Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aNo
  • Whistleblower policyPt VI · Ln 13No
  • Document retention policyPt VI · Ln 14No
  • Top official’s pay independently reviewedPt VI · Ln 15aYes
  • Family or business ties among leadersPt VI · Ln 2No

Mission and programs

What it does.

Attracts and keeps businesses in Dawson County, Nebraska.

Provided by the organization

This section is blank until Dawson County Area Economic Develop claims this page.

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Mission & Programs · Part III

Where the work happens

1 program service account for $186K of program spending, described in the organization's own filed words · FY2019.
01

Develop recruitment prospects for EXPANSION/RELOCATION to dawson county, nebraska and to work with local businesses and industry to identify new opportunities and solve problems facing those businesses and industries.

$186Kprogram expense

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Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2021 Latest $325K$334K-12% 990 PDF
FY2020 Viewing $370K$291K+20% 990 PDF
FY2019 $308K$221K 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

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2020IRS
Classification, formation year, addressIRS Business Master File
Names, privacy, and removal requests More

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