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Great Bend Economic Development INC

Not tax-deductible

Great Bend, KS501(c)(6)Community DevelopmentEIN 84-3800700

The corporation is organized to promote and support economic development for the benefit of all citizens of great bend, KS and the surrounding area. To recruit and retian industrial, retail and other businesses to great bend, KS and surrounding area. To encourage and support entrepreneurship and business development in great bend, KS and the surrounding area. To create and utilize economic metrics and indicators. To conduct related economic development and to conduct marketing, fostering communication with targeted businesses and industries.

99¢ of each $1 spent went to programs.
Run by 10 volunteers and 2 employees.
Mission: Form 990 Part I, line 1 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(6)
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
4 of 5
filings with a surplus
Average surplus $181K a year · 30% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
99%
of spending
Looks good: 99% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
8 mo
of spending, in cash
Looks good: 7.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$283K
28% of total assets
Looks good: liabilities are 28% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$805K
+2% vs prior year
Spent
$965K
To programs
99%
Net assets
$720K
By yearFY2020–FY2024
Revenue
$805K
FY2024▲ +2%
Revenue by fiscal year
FY2020$233K
FY2021$340K
FY2022$894K
FY2023$792K
FY2024$805K
Expenses
$965K
FY2024▲ +103%
Expenses by fiscal year
FY2020$90K
FY2021$215K
FY2022$415K
FY2023$475K
FY2024$965K
Net assets
$720K
FY2024▼ -18%
Net assets by fiscal year
FY2020$143K
FY2021$268K
FY2022$563K
FY2023$880K
FY2024$720K

From the FY2024 Form 990 · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in May 2020.

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

Where the money goes

99 cents of each dollar spent went to programs.

Program services 99% · $957K Management & general 1% · $8K

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

Who runs it and what they're paid

7 people listed on the 990.

Part VII, Section A · reportable compensation
Aj Crest
Board Member
$0Pt VII · Sec A
Ryan Fairchild
Vice Chair
$0Pt VII · Sec A
Matt Hiss
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Meleesa Stueder
Board Member
$0Pt VII · Sec A
John Worder
Treasurer
$0Pt VII · Sec A
See Great Bend Economic Development INC 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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Promotes and supports economic development by attracting and retaining businesses, and encouraging entrepreneurship.

Provided by the organization

This section is blank until Great Bend Economic Development INC claims this page.

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1 program service, described in the organization's own filed words · FY2024.
01

The corporation is organized to promote and support economic development for the benefit of all citizens of great bend, KS and the surrounding area. To recruit and retian industrial, retail and other businesses to great bend, KS and surrounding area.

Pt IX · col B

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By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$805K
Ln 12
Gifts and grantsLn 1h$790K
Investment incomeLn 3$12K
Other incomeLn 4–11$3K
Money outPt IX
$965K
Ln 25
Programscol B$957K
Managementcol C$8K
Owns and owesPt X
$720K
net assets · Ln 32
Cash and savingsLn 1–2$615K
Total assetsLn 16$1.0M
LiabilitiesLn 26$283K
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$790K
Government grantsLn 1e$508K
Investment incomeLn 3$12K
Other incomeLn 4–11$3K
Total revenueLn 12$805K
Assets in detailPt X, end of year
CashLn 1$318K
SavingsLn 2$297K
Cash and savings togetherLn 1–2$615K
Land, buildings, equipmentLn 10c$387K
Total assetsLn 16$1.0M
LiabilitiesLn 26$283K
Net assetsLn 32$720K
OperationsPt I, VI
EmployeesI 52
VolunteersI 610
Fiscal year endsHeaderDecember
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 FY24End FY24
Cash and savingsLn 1–2$776K$615K
Land, buildings, equipmentLn 10c$390K$387K
Total assetsLn 16$1.2M$1.0M
LiabilitiesLn 26$287K$283K
Net assetsLn 32$880K$720K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$210K$210K
Other employee benefitsLn 9$6K$6K
Accounting feesLn 11c$8K$8K
Other fees for servicesLn 11g$77K$77K
Advertising and promotionLn 12$78K$78K
Office expensesLn 13$302K$302K
OccupancyLn 16$1K$1K
TravelLn 17$11K$11K
Depreciation, depletion and amortizationLn 22$3K$3K
InsuranceLn 23$8K$8K
Other expenses (24a–d)Ln 24$261K$261K
All other expensesLn 24e$150$150
Total functional expensesLn 25$965K$957K$8K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $805K$965K−$160K$720K 990 PDF
FY2023 $792K$475K$317K$880K 990 PDF
FY2022 $894K$415K$479K$563K 990 PDF
FY2021 $340K$215K$125K$268K 990 PDF
FY2020 $233K$90K$143K$143K 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 FY2024 990 (4 parts)
Part VIII · Statement of revenue $804,973 across 6 lines filed
VIII-1e Government grants$508,000
VIII-1f All other contributions, gifts and grants$281,949
VIII-1h Total contributions, gifts and grants$789,949
VIII-3 Investment incomeRelated to mission $12,145$12,145
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $2,879$2,879
VIII-12 Total revenueRelated to mission $12,145 · Excluded from tax $2,879$804,973
Part IX · Statement of functional expenses $965,064 across 12 lines filed
IX-7 Other salaries and wagesPrograms $210,088$210,088
IX-9 Other employee benefitsPrograms $5,991$5,991
IX-11c Accounting feesManagement $8,396$8,396
IX-11g Other fees for servicesPrograms $77,359$77,359
IX-12 Advertising and promotionPrograms $77,619$77,619
IX-13 Office expensesPrograms $301,743$301,743
IX-16 OccupancyPrograms $1,202$1,202
IX-17 TravelPrograms $10,546$10,546
IX-22 Depreciation, depletion and amortizationPrograms $2,979$2,979
IX-23 InsurancePrograms $7,919$7,919
IX-24 Other expenses (24a–d)Programs $261,072$261,072
IX-24e All other expensesPrograms $150$150
IX-25 Total functional expensesPrograms $956,668 · Management $8,396 · Fundraising $0$965,064
Part X · Balance sheet $1,002,290 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $332,757$317,789
X-2 Savings and temporary cash investmentsStart of year $443,670$297,089
X-10c Land, buildings and equipment, netStart of year $390,392$387,412
X-16 Total assetsStart of year $1,166,819$1,002,290
X-17 Accounts payable and accrued expensesStart of year $12,674$14,837
X-18 Grants payableStart of year $274,350$267,750
X-26 Total liabilitiesStart of year $287,024$282,587
X-27 Net assets without donor restrictionsStart of year $879,795$719,703
X-32 Total net assets or fund balancesStart of year $879,795$719,703
X-33 Total liabilities and net assetsStart of year $1,166,819$1,002,290
Part XI · Reconciliation of net assets $719,703 net assets at year end
XI-1 Total revenue$804,973
XI-2 Total expenses$965,064
XI-3 Revenue less expenses−$160,091
XI-4 Net assets at start of year$879,795
XI-9 Other changes in net assets−$1
XI-10 Net assets at end of year$719,703

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

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