Twin Cities Development Association INC FY2021 filing

Not tax-deductible

Scottsbluff, NE501(c)(4)EIN 47-6036153Revenue $1.5M in FY2021

On file with the IRStcdne.org1620 Broadway Ste B # 3, 69361-3194 · Scottsbluff, NETax-exempt since Mar 1965

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The mission of Twin Cities Development is to promote economic and community Development in scotts bluff county and other surrounding communities in western nebraska.

21¢ of each $1 spent went to programs.
$110K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(4)
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
No
Donations are not tax-deductible
Worth a look: the IRS does not list 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
5 of 5
filings with a surplus
Average surplus $1.2M a year · 67% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
21%
of spending
Concern: 21% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$110K
to officers and key staff · 28% of spending
Worth a look: pay to officers and key staff is 28% of spending; over 20%.
Pt VII · Sec A
Cash reserves
76 mo
of spending, in cash
Looks good: 76.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $125K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$897K
26% of total assets
Looks good: liabilities are 26% of assets; 50% or less.
Pt X · Ln 26
Independent board members
8
of 8 voting members
Looks good: 8 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.5M
+88% vs prior year
Spent
$387K
To programs
21%
Net assets
$2.5M
By yearFY2020–FY2024
Revenue
$1.5M
FY2021▲ +88%
Tap a bar for its year
Revenue by fiscal year
FY2020$793K
FY2021$1.5M
FY2022$1.9M
FY2023$2.5M
FY2024$2.0M
Expenses
$387K
FY2021▼ -43%
Tap a bar for its year
Expenses by fiscal year
FY2020$679K
FY2021$387K
FY2022$554K
FY2023$646K
FY2024$592K
Net assets
$2.5M
FY2021▲ +79%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.4M
FY2021$2.5M
FY2022$3.8M
FY2023$5.7M
FY2024$7.0M

From the FY2021 Form 990 (year ending September 2021) · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 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 1965.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

21 cents of each dollar spent went to programs.

Program services 21% · $81K Management & general 79% · $306K

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

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Who runs it and what they're paid

10 people listed on the 990; $110K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Executive Di
$110,116Pt VII · Sec A
$0Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
Executive Di
$0Pt VII · Sec A
$0Pt VII · Sec A
Member
$0Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Rawnda Pierce$12,364$116,364$102,698$110,116$107,918
Jordan Diedrich$97,885$93,808$76,744——

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.

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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

Programs and updates

Promotes economic and community growth in western Nebraska.

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Provided by the organization

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1 program · $81K · in their own filed words · FY2020
01

New business retentions, creation of new employment and existing business expansion

$81Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2021
Total grants receivedfrom 1 funder$125K

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$1.5M
Ln 12
Gifts and grantsLn 1h$878K
Other incomeLn 4–11$564K
Fees for servicesLn 2g$40K
Money outPt IX
$387K
Ln 25
Programscol B$81K
Managementcol C$306K
Owns and owesPt X
$2.5M
net assets · Ln 32
Cash and savingsLn 1–2$2.5M
Total assetsLn 16$3.4M
LiabilitiesLn 26$897K
PeoplePt VI, VII
10
listed · VII A
PaidVII A1
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$878K
Government grantsLn 1e$832K
Fees for servicesLn 2g$40K
Investment incomeLn 3$12K
Other incomeLn 4–11$564K
Gains on assetsLn 7$10K
Total revenueLn 12$1.5M
Assets in detailPt X, end of year
CashLn 1$2.4M
SavingsLn 2$27K
Cash and savings togetherLn 1–2$2.5M
Land, buildings, equipmentLn 10c$936K
Total assetsLn 16$3.4M
LiabilitiesLn 26$897K
Net assetsLn 32$2.5M
OperationsPt I, VI
EmployeesI 513
VolunteersI 612
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$566K$2.5M
Land, buildings, equipmentLn 10c$912K$936K
Total assetsLn 16$1.5M$3.4M
LiabilitiesLn 26$114K$897K
Net assetsLn 32$1.4M$2.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of disqualified personsLn 6$110K$22K$88K
Other salaries and wagesLn 7$168K$37K$131K
Pension plan contributionsLn 8$2K$2K
Other employee benefitsLn 9$18K$18K
Payroll taxesLn 10$25K$7K$17K
Legal feesLn 11b$391$391
Accounting feesLn 11c$5K$5K
Advertising and promotionLn 12$6K$6K
Office expensesLn 13$17K$17K
TravelLn 17$9K$9K
Depreciation, depletion and amortizationLn 22$8K$8K
InsuranceLn 23$4K$4K
Other expenses (24a–d)Ln 24$15K$6K$9K
Total functional expensesLn 25$387K$81K$306K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $2.0M$592K$1.4M$7.0M 990 PDF
FY2023 $2.5M$646K$1.8M$5.7M 990 PDF
FY2022 $1.9M$554K$1.3M$3.8M 990 PDF
FY2021 Viewing $1.5M$387K$1.1M$2.5M 990 PDF
FY2020 $793K$679K$114K$1.4M 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 FY2021 990 (6 parts)
Part I · Summary $1,494,060 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $140,925$878,275
I-9 Program service revenuePrior year $556,112$39,804
I-10 Investment incomePrior year $1,029$12,124
I-11 Other revenuePrior year $94,694$563,857
I-12 Total revenuePrior year $792,760$1,494,060
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $310,273$322,581
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $368,346$64,500
I-18 Total expensesPrior year $678,619$387,081
I-19 Revenue less expensesPrior year $114,141$1,106,979
Part VI · Governance 8 of 8 board members independent, 3 to look at
VI-1a Voting members of the governing body8
VI-1b Independent voting members8
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 $1,494,060 across 10 lines filed
VIII-1b Membership dues$36,275
VIII-1e Government grants$832,000
VIII-1f All other contributions, gifts and grants$10,000
VIII-1h Total contributions, gifts and grants$878,275
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $39,804$39,804
VIII-3 Investment incomeExcluded from tax $2,087$2,087
VIII-6 Net rental income or lossExcluded from tax $514,413$514,413
VIII-7 Net gain or loss on sales of assetsRelated to mission $10,037$10,037
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $49,444$49,444
VIII-12 Total revenueRelated to mission $99,285 · Excluded from tax $516,500$1,494,060
Part IX · Statement of functional expenses $387,081 across 13 lines filed
IX-6 Pay of disqualified personsPrograms $22,023 · Management $88,093$110,116
IX-7 Other salaries and wagesPrograms $37,415 · Management $130,646$168,061
IX-8 Pension plan contributionsManagement $2,337$2,337
IX-9 Other employee benefitsManagement $17,553$17,553
IX-10 Payroll taxesPrograms $7,108 · Management $17,406$24,514
IX-11b Legal feesManagement $391$391
IX-11c Accounting feesManagement $4,960$4,960
IX-12 Advertising and promotionManagement $6,200$6,200
IX-13 Office expensesManagement $16,520$16,520
IX-17 TravelManagement $8,720$8,720
IX-22 Depreciation, depletion and amortizationPrograms $8,374$8,374
IX-23 InsuranceManagement $4,470$4,470
IX-24 Other expenses (24a–d)Programs $5,724 · Management $9,141$14,865
IX-25 Total functional expensesPrograms $80,644 · Management $306,437 · Fundraising $0$387,081
Part X · Balance sheet $3,412,570 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $539,944$2,437,429
X-2 Savings and temporary cash investmentsStart of year $26,294$26,650
X-4 Accounts receivableStart of year $28,475$12,703
X-10c Land, buildings and equipment, netStart of year $911,840$935,788
X-16 Total assetsStart of year $1,522,553$3,412,570
X-17 Accounts payable and accrued expensesStart of year $32,227$36,753
X-19 Deferred revenueStart of year $15,127$26,054
X-25 Other liabilitiesStart of year $67,085$834,670
X-26 Total liabilitiesStart of year $114,439$897,477
X-27 Net assets without donor restrictionsStart of year $1,408,114$1,005,093
X-28 Net assets with donor restrictions$1,510,000
X-32 Total net assets or fund balancesStart of year $1,408,114$2,515,093
X-33 Total liabilities and net assetsStart of year $1,522,553$3,412,570
Part XI · Reconciliation of net assets $2,515,093 net assets at year end
XI-1 Total revenue$1,494,060
XI-2 Total expenses$387,081
XI-3 Revenue less expenses$1,106,979
XI-4 Net assets at start of year$1,408,114
XI-10 Net assets at end of year$2,515,093

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

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