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Lindsay Area Development

Tax-deductible

Lindsay, NE501(c)(3)Community DevelopmentEIN 82-1539424Revenue $4.8M in FY2024

On file with the IRS43971 460 St, 68644-6122 · Lindsay, NETax-exempt since Sep 2017Publicly supported charity — 170(b)(1)(A)(vi)

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Improve and maintain the strength of the community school and parish of the Village of Lindsay through a variety of events project and investments that provide financial assistance to benefit the economy community school and or parish of Lindsay.

501(c)(3) charity; gifts are tax-deductible.
86¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2024 · 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
3 of 3
filings with a surplus
Average surplus $1.7M a year · 88% of revenue · last 3 filings
Looks good: a surplus in 3 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
86%
of spending
Looks good: 86% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
31 mo
of spending, in cash
Looks good: 31.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $175K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$1.5M
22% of total assets
Looks good: liabilities are 22% of assets; 50% or less.
Pt X · Ln 26
Independent board members
10
of 10 voting members
Looks good: 10 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$4.8M
+574% vs prior year
Spent
$531K
To programs
86%
Net assets
$5.2M
By yearFY2021–FY2024
Revenue
$4.8M
FY2024▲ +574%
Tap a bar for its year
Revenue by fiscal year
FY2021$33K
FY2022$245K
FY2023$717K
FY2024$4.8M
Expenses
$531K
FY2024▲ +756%
Tap a bar for its year
Expenses by fiscal year
FY2021Not on file
FY2022$81K
FY2023$62K
FY2024$531K
Net assets
$5.2M
FY2024▲ +459%
Tap a bar for its year
Net assets by fiscal year
FY2021$121K
FY2022$288K
FY2023$938K
FY2024$5.2M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Sep 2017.

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

Where the money goes

86 cents of each dollar spent went to programs.

Program services 86% · $456K Management & general 13% · $67K Fundraising 2% · $9K

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.

Part VII, Section A · reportable compensation
Amber Klassen
President
$0Pt VII · Sec A
Jenny Korth
Secretary/Tr
$0Pt VII · Sec A
$0Pt VII · Sec A
Tim Wiese
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Mary Backes
Vice-Preside
$0Pt VII · Sec A
See Lindsay Area Development 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

Strengthens the community school and parish through events, projects, and investments.

Questions for Lindsay Area Development

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Provided by the organization

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2 programs · $456K · in their 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

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2025
The Sherwood FoundationFY2025$175K
Total grants receivedfrom 1 funder$175K
Grants paid · 3 grants · $431K · 2024–2024
Lindsay Academy INCNE · FY2024$172,000
Individual RecipientFY2024$147,000
Village of LindsayFY2024$111,693

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$4.8M
Ln 12
Gifts and grantsLn 1h$4.8M
Fees for servicesLn 2g$59K
Investment incomeLn 3$30K
Money outPt IX
$531K
Ln 25
Programscol B$456K
Managementcol C$67K
Fundraisingcol D$9K
Owns and owesPt X
$5.2M
net assets · Ln 32
Cash and savingsLn 1–2$1.4M
Total assetsLn 16$6.7M
LiabilitiesLn 26$1.5M
PeoplePt VI, VII
10
listed · VII A
PaidVII A0
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$4.8M
Government grantsLn 1e$2.5M
Noncash giftsLn 1g$356K
Fundraising eventsLn 1c$67K
Fees for servicesLn 2g$59K
Investment incomeLn 3$30K
Total revenueLn 12$4.8M
Assets in detailPt X, end of year
CashLn 1$1.4M
Cash and savings togetherLn 1–2$1.4M
InvestmentsLn 11–13$907
Land, buildings, equipmentLn 10c$5.4M
Total assetsLn 16$6.7M
LiabilitiesLn 26$1.5M
Net assetsLn 32$5.2M
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$1.1M$1.4M
InvestmentsLn 11–13$130$907
Land, buildings, equipmentLn 10c$476K$5.4M
Total assetsLn 16$1.5M$6.7M
LiabilitiesLn 26$606K$1.5M
Net assetsLn 32$938K$5.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$431K$431K
Legal feesLn 11b$1K$1K
Accounting feesLn 11c$2K$2K
Other fees for servicesLn 11g$850$850
Advertising and promotionLn 12$13K$6K$7K
Office expensesLn 13$651$577$74
Information technologyLn 14$1K$1K
InterestLn 20$53K$53K
InsuranceLn 23$5K$3K$2K
Other expenses (24a–d)Ln 24$23K$23K
Total functional expensesLn 25$531K$456K$67K$9K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $4.8M$531K$4.3M$5.2M 990 PDF
FY2023 $717K$62K$655K$938K 990 PDF
FY2022 $245K$81K$164K$288K 990 PDF
FY2021 $33K$121K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support M · Noncash O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $4,831,851 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $732,032$4,767,978
I-9 Program service revenuePrior year $12,700$59,210
I-10 Investment incomePrior year $2,813$30,337
I-11 Other revenuePrior year −$30,325−$25,674
I-12 Total revenuePrior year $717,220$4,831,851
I-13 Grants and similar amounts paidPrior year $3,928$430,693
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $58,131$100,767
I-18 Total expensesPrior year $62,059$531,460
I-19 Revenue less expensesPrior year $655,161$4,300,391
Part VI · Governance 10 of 10 board members independent, 2 to look at
VI-1a Voting members of the governing body10
VI-1b Independent voting members10
VI-2 Family or business relationship among officers or directorsYes
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $4,831,851 across 10 lines filed
VIII-1c Fundraising events$67,141
VIII-1e Government grants$2,500,000
VIII-1f All other contributions, gifts and grants$2,200,837
VIII-1g Noncash contributions (included above)$355,610
VIII-1h Total contributions, gifts and grants$4,767,978
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $59,210$59,210
VIII-3 Investment incomeRelated to mission $30,337$30,337
VIII-8 Net income from fundraising events−$28,969
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $3,295$3,295
VIII-12 Total revenueRelated to mission $92,842$4,831,851
Part IX · Statement of functional expenses $531,460 across 10 lines filed
IX-1 Grants to domestic organizationsPrograms $430,693$430,693
IX-11b Legal feesPrograms $1,426$1,426
IX-11c Accounting feesManagement $2,200$2,200
IX-11g Other fees for servicesPrograms $850$850
IX-12 Advertising and promotionManagement $6,031 · Fundraising $7,086$13,117
IX-13 Office expensesManagement $577 · Fundraising $74$651
IX-14 Information technologyManagement $1,338$1,338
IX-20 InterestManagement $53,157$53,157
IX-23 InsuranceManagement $3,455 · Fundraising $1,593$5,048
IX-24 Other expenses (24a–d)Programs $22,980$22,980
IX-25 Total functional expensesPrograms $455,949 · Management $66,758 · Fundraising $8,753$531,460
Part X · Balance sheet $6,737,942 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $1,067,547$1,380,696
X-10c Land, buildings and equipment, netStart of year $475,664$5,356,339
X-11 Publicly traded securitiesStart of year $130$907
X-16 Total assetsStart of year $1,543,341$6,737,942
X-25 Other liabilitiesStart of year $605,790$1,500,000
X-26 Total liabilitiesStart of year $605,790$1,500,000
X-27 Net assets without donor restrictionsStart of year $760,327$4,906,659
X-28 Net assets with donor restrictionsStart of year $177,224$331,283
X-32 Total net assets or fund balancesStart of year $937,551$5,237,942
X-33 Total liabilities and net assetsStart of year $1,543,341$6,737,942
Part XI · Reconciliation of net assets $5,237,942 net assets at year end
XI-1 Total revenue$4,831,851
XI-2 Total expenses$531,460
XI-3 Revenue less expenses$4,300,391
XI-4 Net assets at start of year$937,551
XI-10 Net assets at end of year$5,237,942

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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