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Merrick County Development Corp FY2021 filing

Not tax-deductible

Central City, NE501(c)(6)Mutual / membership EIN 47-0772569Revenue $25K in FY2021Latest 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.
35¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · 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
35%
of spending
35% of spending went to programs.
Pt IX · Ln 25 · col B
Cash reserves
20.4 mo
of spending, in cash
20.4 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$643K
52% of total assets
Liabilities are 52% of assets.
Pt X · Ln 26
Independent board members
19
of 19 voting members
19 of 19 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
$25K
+48% vs prior year
Spent
$39K
To programs
35%
Net assets
$596K
By yearFY2020–FY2025
Revenue
$25K
FY2021▲ +48%
Tap a bar for its year
Revenue by fiscal year
FY2020$17K
FY2021$25K
FY2022−$51K
FY2023$93K
FY2024$285K
FY2025$1.3M
Expenses
$39K
FY2021▲ +128%
Tap a bar for its year
Expenses by fiscal year
FY2020$17K
FY2021$39K
FY2022$75K
FY2023$96K
FY2024$52K
FY2025$46K
Net assets
$596K
FY2021▼ -2%
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 FY2021 Form 990 (year ending September 2021) · figures checked against the IRS filing · see the original

990 PDF Support Claim
You’re viewing the FY2021 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

35 cents of each dollar spent went to programs.

Program services 35% · $14K Management & general 65% · $25K

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

24 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Chris Anderson
Executive Di
$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
$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

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

1 program · in their own filed words · FY2020
01

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

Pt IX · Ln 25 · col B

By the numbers

The FY2021 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$25K
Ln 12
Investment incomeLn 3$14K
Fees for servicesLn 2g$10K
Other incomeLn 4–11$1K
Money outPt IX
$39K
Ln 25
Programscol B$14K
Managementcol C$25K
Owns and owesPt X
$596K
net assets · Ln 32
Cash and savingsLn 1–2$66K
Total assetsLn 16$1.2M
LiabilitiesLn 26$643K
PeoplePt VI, VII
24
listed · VII A
PaidVII A0
Voting boardVI 1a19
IndependentVI 1b19
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$10K
Investment incomeLn 3$14K
Other incomeLn 4–11$1K
Gains on assetsLn 7$10K
Total revenueLn 12$25K
Assets in detailPt X, end of year
CashLn 1$66K
Cash and savings togetherLn 1–2$66K
Notes and loans receivableLn 7$279K
Land, buildings, equipmentLn 10c$892K
Other assetsLn 15$2K
Total assetsLn 16$1.2M
LiabilitiesLn 26$643K
Net assetsLn 32$596K
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 FY21End FY21
Cash and savingsLn 1–2$22K$66K
Land, buildings, equipmentLn 10c$682K$892K
Total assetsLn 16$959K$1.2M
LiabilitiesLn 26$350K$643K
Net assetsLn 32$609K$596K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$9K$968$8K
Legal feesLn 11b$3K$3K
Accounting feesLn 11c$600$600
Investment management feesLn 11f$14K$863$14K
Other fees for servicesLn 11g$2K$2K
Advertising and promotionLn 12$623$623
Office expensesLn 13$25$25
OccupancyLn 16$4K$4K
InterestLn 20$2K$2K
Depreciation, depletion and amortizationLn 22$968$968
InsuranceLn 23$2K$2K
Total functional expensesLn 25$39K$14K$25K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled 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
FY2021 ViewingFiled 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 FY2021 990
Part I · Summary $25,479 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $12,718$10,064
I-10 Investment incomePrior year $3,541$14,340
I-11 Other revenuePrior year $1,000$1,075
I-12 Total revenuePrior year $17,259$25,479
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 $16,953$38,716
I-18 Total expensesPrior year $16,953$38,716
I-19 Revenue less expensesPrior year $306−$13,237
Part VI · Governance 19 of 19 board members independent, 4 to look at
VI-1a Voting members of the governing body19
VI-1b Independent voting members19
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 $25,479 across 5 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $10,064$10,064
VIII-3 Investment incomeRelated to mission $4,363$4,363
VIII-7 Net gain or loss on sales of assetsRelated to mission $9,977$9,977
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $1,075$1,075
VIII-12 Total revenueRelated to mission $25,479$25,479
Part IX · Statement of functional expenses $38,716 across 11 lines filed
IX-11a Management feesPrograms $968 · Management $8,000$8,968
IX-11b Legal feesManagement $3,000$3,000
IX-11c Accounting feesPrograms $600$600
IX-11f Investment management feesPrograms $863 · Management $13,542$14,405
IX-11g Other fees for servicesPrograms $2,147$2,147
IX-12 Advertising and promotionManagement $623$623
IX-13 Office expensesManagement $25$25
IX-16 OccupancyPrograms $3,905$3,905
IX-20 InterestPrograms $1,725$1,725
IX-22 Depreciation, depletion and amortizationPrograms $968$968
IX-23 InsurancePrograms $2,350$2,350
IX-25 Total functional expensesPrograms $13,526 · Management $25,190 · Fundraising $0$38,716
Part X · Balance sheet $1,239,016 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $22,471$65,746
X-7 Notes and loans receivableStart of year $253,029$278,868
X-10c Land, buildings and equipment, netStart of year $681,648$892,402
X-15 Other assetsStart of year $2,000$2,000
X-16 Total assetsStart of year $959,148$1,239,016
X-25 Other liabilitiesStart of year $350,000$643,105
X-26 Total liabilitiesStart of year $350,000$643,105
X-27 Net assets without donor restrictionsStart of year $609,148$595,911
X-32 Total net assets or fund balancesStart of year $609,148$595,911
X-33 Total liabilities and net assetsStart of year $959,148$1,239,016
Part XI · Reconciliation of net assets $595,911 net assets at year end
XI-1 Total revenue$25,479
XI-2 Total expenses$38,716
XI-3 Revenue less expenses−$13,237
XI-4 Net assets at start of year$609,148
XI-10 Net assets at end of year$595,911

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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