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Merrick County Development Corp

Not tax-deductible

Central City, NE501(c)(6)Mutual / membership EIN 47-0772569Revenue $1.3M in FY2025Latest return filed Dec 15, 2025

On file with the IRSCentral City, NETax-exempt since Oct 1994

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Promotion and Development of residential, commercial, and industrial buildings in Merrick County.

501(c)(6) business league; gifts are not tax-deductible as charitable contributions.
90¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(6)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
The IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
The latest return is for FY2025, 1 tax year back.
IRS e-file · Filing history
Surplus or deficit
3 of 6
filings with a surplus
Average surplus $219K a year · 80% of revenue · last 6 filings
A surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
90%
of spending
90% of spending went to programs.
Pt IX · Ln 25 · col B
Cash reserves
620.9 mo
of spending, in cash
620.9 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$1.7M
36% of total assets
Liabilities are 36% of assets.
Pt X · Ln 26
Independent board members
20
of 20 voting members
20 of 20 voting members are independent.
Pt VI · Ln 1a–1b
In line with peersDifferent from peersFar from peersNo peer rangeNo data yetTap a box for the reason.
Revenue
$1.3M
+346% vs prior year
Spent
$46K
To programs
90%
Net assets
$3.0M
By yearFY2020–FY2025
Revenue
$1.3M
FY2025▲ +346%
Tap a bar for its year
Revenue by fiscal year
FY2020$17K
FY2021$25K
FY2022−$51K
FY2023$93K
FY2024$285K
FY2025$1.3M
Expenses
$46K
FY2025▼ -11%
Tap a bar for its year
Expenses by fiscal year
FY2020$17K
FY2021$39K
FY2022$75K
FY2023$96K
FY2024$52K
FY2025$46K
Net assets
$3.0M
FY2025▲ +330%
Tap a bar for its year
Net assets by fiscal year
FY2020$609K
FY2021$596K
FY2022$470K
FY2023$468K
FY2024$692K
FY2025$3.0M

From the FY2025 Form 990 (year ending September 2025) · figures checked against the IRS filing · see the original

990 PDF Support Claim

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

90 cents of each dollar spent went to programs.

Program services 90% · $42K Management & general 10% · $4K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

25 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Chris Anderson
City Adminis
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Brian Buhlke
President
$0Pt VII · Sec A
Ed Dexter
Member
$0Pt VII · Sec A
$0Pt VII · Sec A
See Merrick County Development Corp executive salaries →

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 15aNo

Programs and updates

Develops and promotes residential, commercial, and industrial buildings in Merrick County.

Questions for Merrick County Development Corp

Tap to ask. Merrick County Development Corp sees how many people are interested.

Your first name shows with your question. Merrick County Development Corp answers here, for everyone.

1 program · in their own filed words · FY2024
01

Promotion and development of residential, commercial, and industrial buildings in merrick county nebraska.

Pt IX · Ln 25 · col B

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$1.3M
Ln 12
Gifts and grantsLn 1h$1.2M
Investment incomeLn 3$52K
Fees for servicesLn 2g$18K
Money outPt IX
$46K
Ln 25
Programscol B$42K
Managementcol C$4K
Owns and owesPt X
$3.0M
net assets · Ln 32
Cash and savingsLn 1–2$2.4M
Total assetsLn 16$4.7M
LiabilitiesLn 26$1.7M
PeoplePt VI, VII
25
listed · VII A
PaidVII A0
Voting boardVI 1a20
IndependentVI 1b20
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.2M
Government grantsLn 1e$1.2M
Fees for servicesLn 2g$18K
Investment incomeLn 3$52K
Other incomeLn 4–11$2K
Total revenueLn 12$1.3M
Assets in detailPt X, end of year
CashLn 1$2.4M
Cash and savings togetherLn 1–2$2.4M
Notes and loans receivableLn 7$1.9M
Land, buildings, equipmentLn 10c$406K
Total assetsLn 16$4.7M
LiabilitiesLn 26$1.7M
Net assetsLn 32$3.0M
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderSeptember
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 FY25End FY25
Cash and savingsLn 1–2$1.3M$2.4M
Land, buildings, equipmentLn 10c$380K$406K
Total assetsLn 16$2.8M$4.7M
LiabilitiesLn 26$1.0M$1.7M
Net assetsLn 32$1.8M$3.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$28K$28K
Accounting feesLn 11c$1K$1K
Investment management feesLn 11f$792$792
Other fees for servicesLn 11g$3K$3K
Advertising and promotionLn 12$4K$4K
Office expensesLn 13$1K$1K
OccupancyLn 16$1K$1K
InterestLn 20$2K$2K
Depreciation, depletion and amortizationLn 22$2K$2K
InsuranceLn 23$4K$4K
Total functional expensesLn 25$46K$42K$4K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest ViewingFiled with the IRS Dec 15, 2025 $1.3M$46K$1.2M$3.0M 990 PDF
FY2024Filed with the IRS Feb 5, 2025 $285K$52K$233K$692K 990 PDF
FY2023Filed with the IRS Dec 12, 2025 $93K$96K−$3K$468K 990 PDF
FY2022Filed with the IRS Jan 12, 2023 −$51K$75K−$126K$470K 990 PDF
FY2021Filed with the IRS Feb 1, 2022 $25K$39K−$13K$596K 990 PDF
FY2020Filed with the IRS Jan 13, 2021 $17K$17K$306$609K 990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations
See the full FY2025 990
Part I · Summary $1,271,092 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $250,000$1,200,000
I-9 Program service revenuePrior year $9,967$17,748
I-10 Investment incomePrior year $23,488$51,739
I-11 Other revenuePrior year $1,501$1,605
I-12 Total revenuePrior year $284,956$1,271,092
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $51,983$46,136
I-18 Total expensesPrior year $51,983$46,136
I-19 Revenue less expensesPrior year $232,973$1,224,956
Part VI · Governance 20 of 20 board members independent, 4 to look at
VI-1a Voting members of the governing body20
VI-1b Independent voting members20
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $1,271,092 across 6 lines filed
VIII-1e Government grants$1,200,000
VIII-1h Total contributions, gifts and grants$1,200,000
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $17,748$17,748
VIII-3 Investment incomeRelated to mission $51,739$51,739
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $1,605$1,605
VIII-12 Total revenueRelated to mission $71,092$1,271,092
Part IX · Statement of functional expenses $46,136 across 10 lines filed
IX-11a Management feesPrograms $27,500$27,500
IX-11c Accounting feesPrograms $1,170$1,170
IX-11f Investment management feesPrograms $792$792
IX-11g Other fees for servicesPrograms $2,808$2,808
IX-12 Advertising and promotionManagement $4,449$4,449
IX-13 Office expensesPrograms $1,074$1,074
IX-16 OccupancyPrograms $1,087$1,087
IX-20 InterestPrograms $2,176$2,176
IX-22 Depreciation, depletion and amortizationPrograms $1,550$1,550
IX-23 InsurancePrograms $3,530$3,530
IX-25 Total functional expensesPrograms $41,687 · Management $4,449 · Fundraising $0$46,136
Part X · Balance sheet $4,676,713 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $1,334,035$2,387,247
X-7 Notes and loans receivableStart of year $1,080,805$1,883,071
X-10c Land, buildings and equipment, netStart of year $379,745$406,395
X-16 Total assetsStart of year $2,794,585$4,676,713
X-25 Other liabilitiesStart of year $1,040,429$1,699,109
X-26 Total liabilitiesStart of year $1,040,429$1,699,109
X-27 Net assets without donor restrictionsStart of year $1,754,156$2,977,604
X-32 Total net assets or fund balancesStart of year $1,754,156$2,977,604
X-33 Total liabilities and net assetsStart of year $2,794,585$4,676,713
Part XI · Reconciliation of net assets $2,977,604 net assets at year end
XI-1 Total revenue$1,271,092
XI-2 Total expenses$46,136
XI-3 Revenue less expenses$1,224,956
XI-4 Net assets at start of year$1,754,156
XI-8 Prior period adjustments−$1,508
XI-10 Net assets at end of year$2,977,604

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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