North Central Development Center INC FY2022 filing

Tax-deductible

Ainsworth, NE501(c)(3)Since 1994Community DevelopmentEIN 47-0764517Revenue $127K in FY2022

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.
100¢ of each $1 spent went to programs.
$57K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2022 · Form 990Independent: 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
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
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$57K
to officers and key staff · 59% of spending
Concern: pay to officers and key staff is 59% of spending; over 30%.
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
$2K
0.8% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$127K
-29% vs prior year
Spent
$97K
To programs
100%
Net assets
$242K
By yearFY2019–FY2025
Revenue
$127K
FY2022▼ -29%
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
$97K
FY2022▲ +26%
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
$242K
FY2022▲ +75%
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 FY2022 Form 990 · see the original

Form 990 (PDF) Claim
You’re viewing the FY2022 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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $97K

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; $57K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
Executive Di
$57,280Pt VII · Sec A
Vice-Preside
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Secretary/Tr
$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.

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Programs and updates

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

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Provided by the organization

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1 program · $77K · in their own filed words · FY2021
01

To promote and coordinate economic development, education and quality of life through strengthened communication in north central nebraska.

$77Kprogram 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 FY2022 990, line by line.

1The main four
Money inPt VIII
$127K
Ln 12
Gifts and grantsLn 1h$115K
Other incomeLn 4–11$12K
Money outPt IX
$97K
Ln 25
Programscol B$97K
Owns and owesPt X
$242K
net assets · Ln 32
Total assetsLn 16$244K
LiabilitiesLn 26$2K
PeoplePt VI, VII
12
listed · VII A
PaidVII A1
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$115K
Other incomeLn 4–11$12K
Total revenueLn 12$127K
Assets in detailPt X, end of year
Total assetsLn 16$244K
LiabilitiesLn 26$2K
Net assetsLn 32$242K
OperationsPt I, VI
EmployeesI 53
VolunteersI 60
Fiscal year endsHeaderDecember

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 Viewing $127K$97K$30K$242K 990 PDF
FY2021 $178K$77K$101K$138K 990 PDF
FY2020 $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) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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