Custer Economic Development Corp
- Assets
- $2.1m
- Revenue
- $812.1k
- Investments
- $0.0
- Employees
- 2
- Location
- Broken Bow, NE
- Founding
- 09/2004
- Data as of
- 12/2022
- EIN
- 20-0422241
Organization Overview
Custer Economic Development Corp is located in Broken Bow, NE. The organization was established in 2004. According to its NTEE Classification (S31) the organization is classified as: Urban & Community Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Custer Economic Development Corp employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Custer Economic Development Corp is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Custer Economic Development Corp generated $812.1k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 17.8% each year . All expenses for the organization totaled $149.7k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
ECONOMIC DEVELOPMENT FOR THE CUSTER COUNTY AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOUSING DEVELOPMENT FOR CUSTER COUNTY AREA.
OPERATING INCOME/EXPENSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Keith Ellis Execuitive D | Trustee | 40 | $62,292 |
Jami Anderson Vice Preside | OfficerTrustee | 1 | $0 |
Jerry Adams Board Member | OfficerTrustee | 1 | $0 |
Mike Evans Board Member | OfficerTrustee | 1 | $0 |
Stuart Fox Board Member | OfficerTrustee | 1 | $0 |
Jack Lindstrom Board Member | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $113,038 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,108 |
| All other contributions, gifts, grants, and similar amounts not included above | $477,164 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $592,310 |
| Total Program Service Revenue | $208,736 |
| Investment income | $35 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $812,085 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $63,792 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $7,820 |
| Fees for services: Management | $1,106 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,730 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,250 |
| Office expenses | $3,596 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $6,000 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $11,877 |
| Insurance | $0 |
| All other expenses | $4,608 |
| Total functional expenses | $149,715 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,353,314 |
| Savings and temporary cash investments | $25,000 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $138,400 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $632,412 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,149,126 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $74,547 |
| Total liabilities | $74,547 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $2,074,579 |
| Total liabilities and net assets/fund balances | $2,149,126 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Custer Economic Development Corp has recieved totaling $30,000.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $10,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $10,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Iec Hotel Corporation West Des Moines, IA | $103,529,195 | $16,531,928 |
Black Hawk County Gaming Assoc Waterloo, IA | $18,246,475 | $5,898,126 |
Colorado Enterprise Fund Inc Denver, CO | $82,518,626 | $21,255,608 |
Watertown Development Company Watertown, SD | $26,777,594 | $1,539,881 |
Enterprise Center Of Johnson County Overland Park, KS | $1,026,412 | $1,656,304 |
Wepower Saint Louis, MO | $83,554 | $1,807,746 |
Preferred Lending Partners Denver, CO | $1,354,948 | $1,342,208 |
Belay Enterprises Inc Aurora, CO | $3,858,910 | $1,974,052 |
West Community Economic Development Corporation Denver, CO | $2,372,449 | $847,271 |
Pottawattamie County Development Corporation Council Bluffs, IA | $7,450,789 | $1,451,387 |
Edc Strategic Initiatives Fund Kansas City, MO | $354,506 | $301,938 |
Creative Reaction Lab Saint Louis, MO | $1,587,603 | $2,260,981 |