North Central Development Center INC FY2024 filing

Tax-deductible

Ainsworth, NE501(c)(3)Since 1994Community DevelopmentEIN 47-0764517Revenue $105K in FY2024

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.
$60K 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

FY2024 · 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
$60K
to officers and key staff · 41% of spending
Concern: pay to officers and key staff is 41% of spending; over 30%.
Pt VII · Sec A
Cash reserves
19 mo
of spending, in cash
Looks good: 18.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $50K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$2K
0.6% of total assets
Looks good: liabilities are 1% 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
$105K
-51% vs prior year
Spent
$148K
To programs
100%
Net assets
$291K
By yearFY2019–FY2025
Revenue
$105K
FY2024▼ -51%
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
$148K
FY2024▲ +19%
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
$291K
FY2024▼ -13%
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 FY2024 Form 990 · 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 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% · $148K

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

11 people listed on the 990; $60K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Di
$60,145Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Vice Preside
$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.

  • 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.

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Provided by the organization

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1 program · $148K · in their own filed words · FY2024
01

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

$148Kprogram 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 FY2024 990, line by line.

1The main four
Money inPt VIII
$105K
Ln 12
Gifts and grantsLn 1h$92K
Other incomeLn 4–11$10K
Investment incomeLn 3$2K
Money outPt IX
$148K
Ln 25
Programscol B$148K
Owns and owesPt X
$291K
net assets · Ln 32
Cash and savingsLn 1–2$231K
Total assetsLn 16$293K
LiabilitiesLn 26$2K
PeoplePt VI, VII
11
listed · VII A
PaidVII A1
Voting boardVI 1a11
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$92K
Government grantsLn 1e$81K
Investment incomeLn 3$2K
Other incomeLn 4–11$10K
Total revenueLn 12$105K
Assets in detailPt X, end of year
CashLn 1$187K
SavingsLn 2$44K
Cash and savings togetherLn 1–2$231K
Total assetsLn 16$293K
LiabilitiesLn 26$2K
Net assetsLn 32$291K
OperationsPt I, VI
EmployeesI 53
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$225K$231K
Total assetsLn 16$336K$293K
LiabilitiesLn 26$2K$2K
Net assetsLn 32$334K$291K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$70K$70K
Payroll taxesLn 10$5K$5K
Advertising and promotionLn 12$392$392
Office expensesLn 13$554$554
TravelLn 17$3K$3K
InsuranceLn 23$1K$1K
Other expenses (24a–d)Ln 24$68K$68K
All other expensesLn 24e$150$150
Total functional expensesLn 25$148K$148K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $188K$178K$11K$302K 990 PDF
FY2024 Viewing $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 $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
See the full FY2024 990 (6 parts)
Part I · Summary $104,697 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $205,160$92,400
I-9 Program service revenuePrior year $395$0
I-10 Investment incomePrior year $291$2,297
I-11 Other revenuePrior year $10,000$10,000
I-12 Total revenuePrior year $215,846$104,697
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $71,071$75,213
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $52,810$72,480
I-18 Total expensesPrior year $123,881$147,693
I-19 Revenue less expensesPrior year $91,965−$42,996
Part VI · Governance 11 of 11 board members independent, 3 to look at
VI-1a Voting members of the governing body11
VI-1b Independent voting members11
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $104,697 across 6 lines filed
VIII-1e Government grants$81,000
VIII-1f All other contributions, gifts and grants$11,400
VIII-1h Total contributions, gifts and grants$92,400
VIII-3 Investment incomeRelated to mission $2,297$2,297
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $10,000$10,000
VIII-12 Total revenueRelated to mission $12,297$104,697
Part IX · Statement of functional expenses $147,693 across 8 lines filed
IX-7 Other salaries and wagesPrograms $69,912$69,912
IX-10 Payroll taxesPrograms $5,301$5,301
IX-12 Advertising and promotionPrograms $392$392
IX-13 Office expensesPrograms $554$554
IX-17 TravelPrograms $2,760$2,760
IX-23 InsurancePrograms $1,093$1,093
IX-24 Other expenses (24a–d)Programs $67,531$67,531
IX-24e All other expensesPrograms $150$150
IX-25 Total functional expensesPrograms $147,693 · Management $0 · Fundraising $0$147,693
Part X · Balance sheet $292,576 assets, 8 lines filed
Asset lines not itemized here account for $61,500; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $182,938$187,155
X-2 Savings and temporary cash investmentsStart of year $41,683$43,921
X-16 Total assetsStart of year $335,621$292,576
X-25 Other liabilitiesStart of year $1,917$1,868
X-26 Total liabilitiesStart of year $1,917$1,868
X-27 Net assets without donor restrictionsStart of year $333,704$290,708
X-32 Total net assets or fund balancesStart of year $333,704$290,708
X-33 Total liabilities and net assetsStart of year $335,621$292,576
Part XI · Reconciliation of net assets $290,708 net assets at year end
XI-1 Total revenue$104,697
XI-2 Total expenses$147,693
XI-3 Revenue less expenses−$42,996
XI-4 Net assets at start of year$333,704
XI-10 Net assets at end of year$290,708

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

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