Twin Cities Development Association Inc
- Assets
- $4.7m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 18
- Location
- Scottsbluff, NE
- Founding
- 03/1965
- Data as of
- 09/2022
- 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 09/2022, Twin Cities Development Association Inc employed 18 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 09/2022, Twin Cities Development Association Inc generated $1.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 20.1% each year . All expenses for the organization totaled $553.8k during the year ending 09/2022. While expenses have increased by 4.3% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
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 | $102,698 | |
Jordan Diedrich Executive Di | Trustee | 40 | $76,744 |
Shain Shimic Member | OfficerTrustee | 1 | $0 |
Katy Reichert Member | OfficerTrustee | 1 | $0 |
Jerry Darnell President | OfficerTrustee | 1 | $0 |
Todd Lewis Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $30,014 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $544,134 |
| All other contributions, gifts, grants, and similar amounts not included above | $340,750 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $914,898 |
| Total Program Service Revenue | $3,637 |
| Investment income | $8,660 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $647,108 |
| 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 | $1,871,024 |
| 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. | $79,122 |
| Compensation of current officers, directors, key employees. | $79,122 |
| Compensation to disqualified persons | $105,772 |
| Other salaries and wages | $231,453 |
| Pension plan accruals and contributions | $2,281 |
| Other employee benefits | $27,364 |
| Payroll taxes | $33,091 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $295 |
| Fees for services: Accounting | $3,275 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $7,084 |
| Office expenses | $13,537 |
| Information technology | $16,094 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $10,182 |
| 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 | $8,374 |
| Insurance | $4,404 |
| All other expenses | $0 |
| Total functional expenses | $553,783 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,010,516 |
| Savings and temporary cash investments | $26,680 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $17,119 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $694,115 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,105,502 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $866,337 |
| Total assets | $4,720,269 |
| Accounts payable and accrued expenses | $49,829 |
| Grants payable | $0 |
| Deferred revenue | $28,504 |
| 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 | $809,602 |
| Total liabilities | $887,935 |
| Net assets without donor restrictions | $2,723,763 |
| Net assets with donor restrictions | $1,108,571 |
| 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 | $4,720,269 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Metropolitan Entertainment & Omaha, NE | $158,635,208 | $95,451,675 |
Vocational Development Center Inc Council Bluffs, IA | $12,984,673 | $16,204,305 |
Southern Iowa Economic Development Association Ottumwa, IA | $4,848,905 | $15,262,424 |
St Louis Economic Development Partnership Saint Louis, MO | $27,235,860 | $13,883,018 |
Convention & Visitors Bureau Of Greater Kansas City Kansas City, MO | $12,878,337 | $11,432,355 |
Explore Branson Tourism Branson, MO | $1,396,845 | $7,616,014 |
Region 10 League For Economic Assistance & Planning Inc Montrose, CO | $16,331,779 | $8,034,942 |
Wichita Convention & Tourism Bureau Wichita, KS | $3,697,930 | $5,439,635 |
South Central Kansas Economic Development District Inc Sckedd Bel Aire, KS | $6,963,572 | $7,360,259 |
Omaha Economic Development Corp Omaha, NE | $18,549,776 | $6,962,293 |
Economic Development Corporation Of Kansas City Missouri Kansas City, MO | $4,885,634 | $3,918,676 |
Grow South Dakota Sisseton, SD | $70,205,734 | $6,159,440 |