Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Oct 1994.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
100 cents of each dollar spent went to programs.
Form 990 Part IX, line 25. 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; $30K paid to officers and key staff.
Kristin Olson’s $60K as Executive Di is at the 38th percentile of top reported officer pay among 1709 $100K–1M community development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 1 named individual · Part VII
| Name | FY2025 | FY2024 | FY2023 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|
| Kristin Olson | $60,145 | $60,145 | $57,877 | $57,280 | $57,280 | $29,833 |
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
- Loans to or from officersSch L · Pt II1 listed
Programs and updates
Strengthens communication to boost economic development, education, and quality of life.
Questions for North Central Development Center INC
Your first name shows with your question. North Central Development Center INC answers here, for everyone.
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Promote economic development in north central nebraska.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2019 990, line by line.
Download 990
| Line | Start FY19 | End FY19 |
|---|---|---|
| Cash and savingsLn 1–2 | $608K | $105K |
| Land, buildings, equipmentLn 10c | $13K | $0 |
| Total assetsLn 16 | $1.2M | $203K |
| LiabilitiesLn 26 | $57K | $80K |
| Net assetsLn 32 | $1.1M | $123K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $1.1M | $1.1M | ||
| Pay of current officers, directors and key staffLn 5 | $30K | $30K | ||
| Other salaries and wagesLn 7 | $3K | $3K | ||
| Payroll taxesLn 10 | $8K | $8K | ||
| Legal feesLn 11b | $1K | $1K | ||
| Accounting feesLn 11c | $1K | $1K | ||
| Advertising and promotionLn 12 | $317 | $317 | ||
| Office expensesLn 13 | $2K | $2K | ||
| TravelLn 17 | $1K | $1K | ||
| Conferences, conventions and meetingsLn 19 | $4K | $4K | ||
| Depreciation, depletion and amortizationLn 22 | $514 | $514 | ||
| InsuranceLn 23 | $5K | $5K | ||
| Other expenses (24a–d)Ln 24 | $11K | $11K | ||
| All other expensesLn 24e | $75 | $75 | ||
| Total functional expensesLn 25 | $1.1M | $1.1M | $0 | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest | $188K | $178K | $11K | $302K | 990 PDF |
| FY2024 | $105K | $148K | −$43K | $291K | 990 PDF |
| FY2023 | $216K | $124K | $92K | $334K | 990 PDF |
| FY2022 | $127K | $97K | $30K | $242K | 990 PDF |
| FY2021 | $178K | $77K | $101K | $138K | 990 PDF |
| FY2020 | $97K | $37K | 990 PDF | ||
| FY2019 Viewing | $138K | $1.1M | −$998K | $123K | 990 PDF |
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Schedules filed Part IV
See the full FY2019 990 (6 parts)
Part I · Summary $137,546 revenue, 12 lines filed
Part VI · Governance 10 of 10 board members independent, 3 to look at
Part VIII · Statement of revenue $137,546 across 7 lines filed
Part IX · Statement of functional expenses $1,135,779 across 14 lines filed
Part X · Balance sheet $202,772 assets, 10 lines filed
Part XI · Reconciliation of net assets $122,595 net assets at year end
Form 990 e-file (XML) FY2019 from the IRS · Classification, formation year and address from the IRS Business Master File
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