Merrick County Development Corp FY2023 filing

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

Form 990 Part I, line 1, FY2023. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 47-0772569) · Dispute this line
501(c)(6) business league; gifts are not tax-deductible as charitable contributions.
85¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2023 · 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
85%
of spending
85% of spending went to programs.
Pt IX · Ln 25 · col B
11.3 mo
of spending, in cash
11.3 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$636K
40% of total assets
Liabilities are 40% 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
Revenue
$93K
+283% vs prior year
Spent
$96K
To programs
85%
Net assets
$468K
By yearFY2020–FY2025
Revenue
$93K
FY2023▲ +283%
Tap a bar for its year
Revenue by fiscal year
FY2020$17K
FY2021$25K
FY2022−$51K
FY2023$93K
FY2024$285K
FY2025$1.3M
Expenses
$96K
FY2023▲ +29%
Tap a bar for its year
Expenses by fiscal year
FY2020$17K
FY2021$39K
FY2022$75K
FY2023$96K
FY2024$52K
FY2025$46K
Net assets
$468K
FY2023▼ -0.6%
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 FY2023 Form 990 (year ending September 2023) · figures checked against the IRS filing · see the original

You’re viewing the FY2023 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

85 cents of each dollar spent went to programs.

Program services 85% · $82K Management & general 15% · $14K

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

44 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Executive Di
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
President
$0Pt VII · Sec A
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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2 programs · in their own filed words · FY2022
01

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

Form 990 Part III, line 4, FY2022. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 47-0772569) · Dispute this line
Pt IX · Ln 25 · col B
02

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

Form 990 Part III, line 4, FY2022. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 47-0772569) · Dispute this line
Pt IX · Ln 25 · col B

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$93K
Ln 12
Gifts and grantsLn 1h$40K
Investment incomeLn 3$24K
Fees for servicesLn 2g$18K
Money outPt IX
$96K
Ln 25
Programscol B$82K
Managementcol C$14K
Owns and owesPt X
$468K
net assets · Ln 32
Cash and savingsLn 1–2$90K
Total assetsLn 16$1.6M
LiabilitiesLn 26$636K
PeoplePt VI, VII
44
listed · VII A
PaidVII A0
Voting boardVI 1a20
IndependentVI 1b20
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$40K
Government grantsLn 1e$40K
Fees for servicesLn 2g$18K
Investment incomeLn 3$24K
Other incomeLn 4–11$12K
Total revenueLn 12$93K
Assets in detailPt X, end of year
Cash and savings togetherLn 1–2$90K
Total assetsLn 16$1.6M
LiabilitiesLn 26$636K
Net assetsLn 32$468K
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderSeptember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No

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
FY2023 ViewingFiled 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 O · Explanations
See the full FY2023 990
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

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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