Lindsay Area Development EIN 82-1539424

Lindsay Area Development

EIN  82-1539424 Public charity (501(c)(3)) Lindsay, NE
Form 990 (PDF) Compare with another nonprofit →
Verified accurate 8/24/26 · see original filing: IRS
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Size
$1–10M
What they do
Strengthens the community school and parish through events, projects, and investments.
Leadership
Amber Klassen · President
Money in and out
$4.8M revenue, $531K expenses
Bottom line
86% program efficiency

Strengthens the community school and parish through events, projects, and investments. For fiscal year 2024 it reported $4.8M in revenue, $531K in expenses, and $5.2M in net assets.Pt I

Where the money goes · FY2024
Total revenue
$4.8M
Pt VIII · Ln 12
Total expenses
$531K
Pt IX · Ln 25
Net assets
$5.2M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $4.3M
Where spending went · Part IX cols B–D
Program services $0.86 Management & general $0.13 Fundraising $0.02
Program efficiency
86%
of spending reaches programs▲ +43% vs prior filing year
Operating runway
94.3mo
months of highly liquid reserves at operating expense rate
Surplus margin
+89%
revenue over expenses, this year▼ -3% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$4.8M
FY2024▲ +574%
Expenses
$531K
FY2024▲ +756%
Total assets
$6.7M
FY2024▲ +337%
Total liabilities
$1.5M
FY2024▲ +148%
Total revenue
$4.8M
Pt VIII · Ln 12
Total expenses
$531K
Pt IX · Ln 25
Net assets
$5.2M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$4.3M
Total assetsPt X · Ln 16$6.7M
Program-expense ratioPt IX · col B86%
Voting members of governing bodyPt I · Ln 310
Independent voting membersPt I · Ln 410
Mission & Programs · Part III

Where the work happens

2 program services account for $456K of program spending, described in the organization's own filed words · FY2024.
01

Community betterment projects that include partnerships with other organizations, construction of needed facilities, and other identified needs.

$433Kprogram expense
02

A "shop local" initiative that certificates could be purchased that could be used at any local business. Lindsay area development would contribute 10 to each increment of 50 purchased to provide more local support to economy and businesses over the holiday season.

$23Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CLindsay Area Development
EINHdr · item D82-1539424
Principal addressHdr · item CLindsay, NE
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MNE
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFCommunity Development (S32)
Ruling yearIRS BMFSep 2017

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a10
Independent voting membersPt VI · Ln 1b10
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
Secretary/Tr
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice-Preside
$0Pt VII · Sec A
See Lindsay Area Development executive salaries →

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Statement of Revenue

Part VIII
Contributions & grants$4.8M · 99%
Program service revenue$59K · 1%
Investment income$30K · 1%
Contributions & grants99%$4.8M
Program service revenue1%$59K
Investment income1%$30K
— government grantsLn 1e$2.5M
Total revenueLn 12$4.8M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.86 Management & general $0.13 Fundraising $0.02
Program services86%$456K
Management & general13%$67K
Fundraising2%$9K
Total functional expensesLn 25$531K

Balance Sheet

Part X · end of year
CashLn 1$1.4M
Total assetsLn 16$6.7M
Total liabilitiesLn 26$1.5M
Total net assetsLn 32$5.2M
Months of cash on handcomputed31.2

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $1.4M · Operating expenses (Pt IX) $531K · Less non-cash grants $356K · Cash operating expenses/yr $176K
94.3 months
Where the money goes
Program services
Program services $456K · Total expenses $531K
86%
Management & General
Management & general $67K · Total expenses $531K
13%
Fundraising
Fundraising $9K · Total expenses $531K
2%
Cost to raise $1
Fundraising expense (3-yr avg) $5K · Solicited contributions (3-yr avg) $1.1M
$0.01 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $4.8M · Total revenue $4.8M
99%
Government reliance
Government grants $2.5M · Total revenue $4.8M
52%
Earned-income share
Program service revenue $59K · Total revenue $4.8M
1%
Investment reliance
Investment income $30K · Total revenue $4.8M
+0.6%
Program self-sufficiency
Program service revenue $59K · Total expenses $531K
11%
Growth & trend
Revenue growth (YoY)
This year $4.8M · Prior year $717K
+574%
Net-asset trend (YoY)
End of year $5.2M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $4.8M · Expenses $531K
+89%
Liabilities-to-Assets
Total liabilities — · Total assets $6.7M
Net-asset ratio
Net assets $5.2M · Total assets $6.7M
78%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $907 · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $6.7M
0.01%
People & payroll
Highest Reported Total Compensation
Individual Amber Klassen · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $531K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $531K
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 86%
Overhead ratio 13%
Fundraising cost ratio 0.2%
Revenue growth 574%
Legal fee ratio 0.3%
Accounting fee ratio 0.4%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2025
Total grants receivedfrom 1 funder$175K
Grants paid · 3 grants · $431K · 2024–2024
Lindsay Academy INCNE · FY2024$172,000
Holy Family ElementaryFY2024$147,000
Village of LindsayFY2024$111,693

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$4.8M revenue · viewing · ⤓ 990 PDF
FY2023$717K revenue · ⤓ 990 PDF
FY2022$245K revenue · ⤓ 990 PDF
FY2021$33K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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