Twin Cities Development Association Inc
- Assets
- $5.9m
- Revenue
- $2.5m
- Investments
- $0.0
- Employees
- 15
- Location
- Scottsbluff, NE
- Founding
- 03/1965
- Data as of
- 09/2023
- EIN
- 47-6036153
Organization Overview
Twin Cities Development Association Inc is located in Scottsbluff, NE. The organization was established in 1965. 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. As of 09/2023, Twin Cities Development Association Inc employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Twin Cities Development Association Inc is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 09/2023, Twin Cities Development Association Inc generated $2.5m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 21.6% each year . All expenses for the organization totaled $646.1k during the year ending 09/2023. While expenses have increased by 5.8% per year over the past 8 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF TWIN CITIES DEVELOPMENT IS TO PROMOTE ECONOMIC AND COMMUNITY DEVELOPMENT IN SCOTTS BLUFF COUNTY AND OTHER SURROUNDING COMMUNITIES IN WESTERN NEBRASKA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NEW BUSINESS RETENTIONS, CREATION OF NEW EMPLOYMENT AND EXISTING BUSINESS EXPANSION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rawnda Pierce Executive Di | 40 | $116,364 | |
Jordan Diedrich Executive Di | Trustee | 40 | $93,808 |
Jerry Darnell Past Preside | OfficerTrustee | 1 | $0 |
Jim Kerr Member | Trustee | 1 | $0 |
Todd Lewis Member | Trustee | 1 | $0 |
Randy Meiniger Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $23,825 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,742,916 |
| All other contributions, gifts, grants, and similar amounts not included above | $76,075 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,842,816 |
| Total Program Service Revenue | $4,927 |
| Investment income | $29,904 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $561,559 |
| 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 | $2,490,130 |
| 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. | $93,808 |
| Compensation of current officers, directors, key employees. | $93,808 |
| Compensation to disqualified persons | $116,364 |
| Other salaries and wages | $227,554 |
| Pension plan accruals and contributions | $13,530 |
| Other employee benefits | $43,888 |
| Payroll taxes | $36,910 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,853 |
| Fees for services: Accounting | $10,015 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $14,341 |
| Office expenses | $14,200 |
| Information technology | $29,625 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $16,117 |
| 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 | $8,211 |
| Insurance | $769 |
| All other expenses | $0 |
| Total functional expenses | $646,061 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,508,939 |
| Savings and temporary cash investments | $527,316 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $34,431 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,477,447 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $2,215,463 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $114,277 |
| Total assets | $5,877,873 |
| Accounts payable and accrued expenses | $81,940 |
| Grants payable | $0 |
| Deferred revenue | $23,280 |
| 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 | $96,246 |
| Total liabilities | $201,466 |
| Net assets without donor restrictions | $3,832,575 |
| Net assets with donor restrictions | $1,843,832 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $5,877,873 |