Northwest Nebraska Development Corporation

Organization Overview

Northwest Nebraska Development Corporation is located in Chadron, NE. The organization was established in 1992. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Northwest Nebraska Development Corporation is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.

For the year ending 12/2021, Northwest Nebraska Development Corporation generated $108.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.9% each year. All expenses for the organization totaled $138.0k during the year ending 12/2021. While expenses have increased by 7.3% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

EXPAND AND RETAIN BUSINESSES IN THE CITY OF CHADRON AND THE SURROUNDING DAWES COUNTY AREA.

Describe the Organization's Program Activity:

Part 3 - Line 4a

MAINTAINED MULTIPLE EXISTING LOANS TO BUSINESSES UNDER RUAL BUSINESS ENTERPRISE GRANTS PROGRAM(RBEG); COMMUNITY DEVELOPMENT BLOCK GRANT PROGRAM (CDBG); AND INTERMEDIARY RELENDING PROGRAM (IRP); LENT MONIES TO MULTIPLE BUSINESSES UNDER THE RBEG PROGRAM; THE CDBG PROGRAM; AND THE IRP PROGRAM.


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Board, Officers & Key Employees

Name (title)Compensation
Deb Cottier
Executive Di
$50,427
Jen Brown
Secretary
$0
Ty Huls
Vice Preside
$0
Corey Sorensen
President
$0
Jason Carnahan
Treasurer
$0
John Sutherland
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$15,600
Fundraising events$0
Related organizations$0
Government grants $57,425
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$73,025
Total Program Service Revenue$20,994
Investment income $324
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events -$1,193
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $108,690

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