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Gbt Development Corporation FY2020 filing

Tax-deductible

Omaha, NE501(c)(3)Human ServicesEIN 47-0823253Revenue $153K in FY2020

On file with the IRSgbtacademy.orgPo Box 4622, 68104-0622 · Omaha, NETax-exempt since Mar 2000Publicly supported — 509(a)(2)

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To empower people,academically,socially and economically in an underserved area creating an environment where people grow and build together

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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FY2020 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 4
filings with a surplus
Average surplus $490 a year · under 1% of revenue · last 4 filings
Worth a look: a surplus in 2 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Concern: 0.0 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 7 voting members
Concern: none of 7 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$153K
Spent
$154K
To programs
100%
Net assets
$220
By yearFY2020–FY2024
Revenue
$153K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$153K
FY2021$108K
FY2022$151K
FY2023$138K
FY2024$58K
Expenses
$154K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$154K
FY2021$107K
FY2022$137K
FY2023$149K
FY2024Not on file
Net assets
$220
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$220
FY2021$699
FY2022$15K
FY2023$3K
FY2024$4K

From the FY2020 Form 990 · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Mar 2000.

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% · $154K

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

7 people listed on the 990.

Part VII, Section A · reportable compensation
Nancy Clute
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Edward Dantzler
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
Rita Dantzler
President
$0Pt VII · Sec A
$0Pt VII · Sec A
Ella Tisdale
Secretary
$0Pt VII · Sec A
See Gbt Development Corporation 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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Empowers individuals academically, socially, and economically, fostering community growth and collaboration.

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Provided by the organization

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1 program · in their own filed words · FY2020
01

To empower the people academically, socially and economically in an underserved area creating an enviroment where people grow and build together

Pt IX · col B

By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$153K
Ln 12
Fees for servicesLn 2g$153K
Money outPt IX
$154K
Ln 25
Programscol B$154K
Owns and owesPt X
$220
net assets · Ln 32
Cash and savingsLn 1–2$220
Total assetsLn 16$220
LiabilitiesLn 26$0
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$153K
Total revenueLn 12$153K
Assets in detailPt X, end of year
CashLn 1$220
Cash and savings togetherLn 1–2$220
Total assetsLn 16$220
LiabilitiesLn 26$0
Net assetsLn 32$220
OperationsPt I, VI
EmployeesI 55
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$1K$220
Total assetsLn 16$1K$220
LiabilitiesLn 26$0$0
Net assetsLn 32$1K$220
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$118K$118K
Payroll taxesLn 10$9K$9K
Office expensesLn 13$2K$2K
Information technologyLn 14$2K$2K
InsuranceLn 23$6K$6K
Other expenses (24a–d)Ln 24$16K$16K
Total functional expensesLn 25$154K$154K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $58K$4K 990 PDF
FY2023 $138K$149K−$12K$3K 990 PDF
FY2022 $151K$137K$14K$15K 990 PDF
FY2021 $108K$107K$479$699 990 PDF
FY2020 Viewing $153K$154K−$1K$220 990 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 FY2020 990 (6 parts)
Part I · Summary $152,829 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $162,145$152,829
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $162,145$152,829
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $137,578$126,888
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $24,813$27,079
I-18 Total expensesPrior year $162,391$153,967
I-19 Revenue less expensesPrior year −$246−$1,138
Part VI · Governance 0 of 7 board members independent, 4 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members0
VI-2 Family or business relationship among officers or directorsYes
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $152,829 across 2 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $152,829$152,829
VIII-12 Total revenueRelated to mission $152,829$152,829
Part IX · Statement of functional expenses $153,967 across 6 lines filed
IX-7 Other salaries and wagesPrograms $117,871$117,871
IX-10 Payroll taxesPrograms $9,017$9,017
IX-13 Office expensesPrograms $2,184$2,184
IX-14 Information technologyPrograms $2,450$2,450
IX-23 InsurancePrograms $6,000$6,000
IX-24 Other expenses (24a–d)Programs $16,445$16,445
IX-25 Total functional expensesPrograms $153,967 · Management $0 · Fundraising $0$153,967
Part X · Balance sheet $220 assets, 5 lines filed
X-1 Cash, non-interest-bearingStart of year $1,358$220
X-16 Total assetsStart of year $1,358$220
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $1,358$220
X-33 Total liabilities and net assetsStart of year $1,358$220
Part XI · Reconciliation of net assets $220 net assets at year end
XI-1 Total revenue$152,829
XI-2 Total expenses$153,967
XI-3 Revenue less expenses−$1,138
XI-4 Net assets at start of year$1,358
XI-10 Net assets at end of year$220

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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