North Central Development Center INC FY2020 filing

Tax-deductible

Ainsworth, NE501(c)(3)Since 1994Community DevelopmentEIN 47-0764517Revenue $97K in FY2020

On file with the IRS335 N Main St, 69210-1355 · Ainsworth, NETax-exempt since Oct 1994Publicly supported charity — 170(b)(1)(A)(vi)

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To promote and coordinate economic Development, education, and quality of life through strengthened communication in North Central nebraska.

501(c)(3) charity; gifts are tax-deductible.
$57K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Pay: Part VII

Before you give

FY2020 · Form 990-EZIndependent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
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
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990-EZ
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 6
filings with a surplus
Average deficit $135K a year · 85% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Pay to officers and key staff
$57K
to officers and key staff
No data yet: the filing does not give pay as a share of spending.
Pt VII · Sec A
Named funders
1
named funder · $50K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$78K
total owed
No data yet: the filing does not give total assets.
Pt X · Ln 26
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$97K
-30% vs prior year
Net assets
$37K
By yearFY2019–FY2025
Revenue
$97K
FY2020▼ -30%
Tap a bar for its year
Revenue by fiscal year
FY2019$138K
FY2020$97K
FY2021$178K
FY2022$127K
FY2023$216K
FY2024$105K
FY2025$188K
Expenses
—
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2019$1.1M
FY2020Not on file
FY2021$77K
FY2022$97K
FY2023$124K
FY2024$148K
FY2025$178K
Net assets
$37K
FY2020▼ -70%
Tap a bar for its year
Net assets by fiscal year
FY2019$123K
FY2020$37K
FY2021$138K
FY2022$242K
FY2023$334K
FY2024$291K
FY2025$302K

From the FY2020 Form 990 · see the original

Form 990 (PDF) Claim
You’re viewing the FY2020 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 Oct 1994.

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

Who runs it and what they're paid

11 people listed on the 990-EZ; $57K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$57,280Pt VII · Sec A
Director
$0Pt 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
President
$0Pt VII · Sec A

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

NameFY2025FY2024FY2023FY2021FY2020FY2019
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.

See North Central Development Center INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Loans to or from officersSch L · Pt II1 listed

Programs and updates

Strengthens communication to boost economic development, education, and quality of life.

Provided by the organization

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1 program · $1.1M · in their own filed words · FY2019
01

Promote economic development in north central nebraska.

$1.1Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2023
Total grants receivedfrom 1 funder$50K
Grants paid · 2 grants · $1.1M · 2019–2019
City of AinsworthFY2019$560,166
Ainsworth Grand TheaterNE · FY2019$505,311

By the numbers

The FY2020 990-EZ, line by line.

1The main four
Money in
$97K
Other income$97K
Owns and owes
$37K
net assets
Liabilities$78K
People
11
listed
Paid1
2In more detail
Revenue in detail
Other income$97K
Total revenue$97K
Assets in detailEnd of year
Liabilities$78K
Net assets$37K
Operations
Employees3
Volunteers0
Fiscal year endsDecember

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
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 Viewing $97K$37K 990 PDF
FY2019 $138K$1.1M−$998K$123K 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

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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