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CUMING COUNTY ECONOMIC DEVELOPMENT INC: Form 990, tax year 2023

View the entire original 990 at ProPublica ↗

Organization
CUMING COUNTY ECONOMIC DEVELOPMENT INC (EIN 46-3184689)
Tax period
2023-01-01 to 2023-12-31
Filed
2024-10-03
IRS object ID
202442779349300909
Schema version
2023v5.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2024-10-03T09:03:47-04:00ReturnTs
Tax Period End2023-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN470699068PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1AUTEN PRUSS & BECKMANN PCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line11309 NORTH 9TH STREETAddressLine1Txt
CityNORFOLKCityNm
State AbbreviationNEStateAbbreviationCd
ZIP687010854ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2023-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN463184689EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1CUMING COUNTY ECONOMIC DEVELOPMENTBusinessNameLine1Txt
Business Name Line2INCBusinessNameLine2Txt
FieldValueIRS element (for citing)
Business Name ControlCUMIBusinessNameControlTxt
Phone4023726001PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 17AddressLine1Txt
CityWEST POINTCityNm
State AbbreviationNEStateAbbreviationCd
ZIP68788ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonCHET MCWHORTERPersonNm
Person TitleCHAIRPERSONPersonTitleTxt
Phone4023726002PhoneNum
Signature2024-09-26SignatureDt
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrfalseIRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonANTHONY J PRUSS III CPAPreparerPersonNm
PTINP00053699PTIN
Phone4023794488PhoneNum
Preparation2024-09-26PreparationDt
FieldValueIRS element (for citing)
Tax2023TaxYr
Build TS2024-10-15 13:58:12ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerCHET MCWHORTERPrincipalOfficerNm
Gross Receipts$1,066,351GrossReceiptsAmt
Group Return For AffiliatesfalseGroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.SWEETHOMECUMINGCOUNTY.COMWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2014FormationYr
Legal Domicile StateNELegalDomicileStateCd
Activity Or MissionECONOMIC DEVELOPMENT BUILDING DEMOLITION AND BUSINESS IMPROVEMENT GRANTS FOR CUMING COUNTY, NEBRASKAActivityOrMissionDesc
Voting Members Governing Body9VotingMembersGoverningBodyCnt
Voting Members Independent9VotingMembersIndependentCnt
Total Employee2TotalEmployeeCnt
Total Gross UBI$0TotalGrossUBIAmt
PY Contributions Grants$541,797PYContributionsGrantsAmt
CY Contributions Grants$671,776CYContributionsGrantsAmt
CY Program Service Revenue$394,575CYProgramServiceRevenueAmt
CY Investment Income$0CYInvestmentIncomeAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$541,797PYTotalRevenueAmt
CY Total Revenue$1,066,351CYTotalRevenueAmt
PY Grants And Similar Paid$678,373PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$930,911CYGrantsAndSimilarPaidAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
CY Salaries Comp Emp Bnft Paid$0CYSalariesCompEmpBnftPaidAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$31,124PYOtherExpensesAmt
CY Other Expenses$21,107CYOtherExpensesAmt
PY Total Expenses$709,497PYTotalExpensesAmt
CY Total Expenses$952,018CYTotalExpensesAmt
PY Revenues Less Expenses-$167,700PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$114,333CYRevenuesLessExpensesAmt
Total Assets BOY$913,560TotalAssetsBOYAmt
Total Assets EOY$976,232TotalAssetsEOYAmt
Total Liabilities BOY$51,661TotalLiabilitiesBOYAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$861,899NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$976,232NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionENCOURAGE THE RETENTION AND ATTRACTION OF BUSINESS IN THE AREA TO HELP ALLEVIATE THE DEPRESSED ECONOMIC STATUS AND LOW INCOME THROUGHOUT CUMING COUNTYMissionDesc
Significant New Program SrvcfalseSignificantNewProgramSrvcInd
Significant ChangefalseSignificantChangeInd
Expense$75,106ExpenseAmt
Grant$75,106GrantAmt
DescBUSINESS IMPROVEMENT GRANT - IT'S PURPOSE IS TO ENCOURAGE LOCAL BUSINESSES TO INVEST IN THEIR INFRASTRUCTURE. THE GRANT FUNDS PAY FOR SIGNAGE AND EXTERIOR UPGRADES DEMO GRANT - IT'S PURPOSE IS TO ENCOURGAGE THE DEMOLITION OF LOCAL HOMES AND BUILDINGS THE HAVE REACHED THIER FUNCTIONAL LIFE AND TO ENCOURAGE REDEVELOPMENT.Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

FieldValueIRS element (for citing)
Expense$380,278ExpenseAmt
Grant$380,278GrantAmt
DescRURAL WORKFORCE HOUSING FUND. IT'S PURPOSE IS TO INCREASE THE SUPPLY AND REDUCE THE COST OF WORKFORCE HOUSING IN NEBRASKA RURAL COMMUNITIES.Desc

Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp

FieldValueIRS element (for citing)
Expense$356,163ExpenseAmt
Grant$356,163GrantAmt
DescOWNER - OCCUPIED HOUSING GRANTS, PROVIDES SUPPORT FOR SUBSTANTIAL REPAIRS AND IMPROVEMENTS TO HOUSING UNITS OWNED BY LOW-TO-MODERATE INCOME RESIDENTS.Desc

Prog Srvc Accom Acty Other ProgSrvcAccomActyOtherGrp

FieldValueIRS element (for citing)
Expense$140,471ExpenseAmt
Grant$119,364GrantAmt
DescOFFICE SPACE BULIT TO KEEEP LOCAL INOVATIONS AND ENTREPRENEURS IN CUMING COUNTY.DEDICATED TO HELP THOSE WHO WANT TO EXCEL. THE SERVICES ARE PROVIDED TO ALL.Desc
FieldValueIRS element (for citing)
Total Other Prog Srvc Expense$140,471TotalOtherProgSrvcExpenseAmt
Total Other Prog Srvc Grant$119,364TotalOtherProgSrvcGrantAmt
Total Program Service Expenses$952,018TotalProgramServiceExpensesAmt
Described In Section501c3Yes (true)DescribedInSection501c3Ind
Schedule B RequiredfalseScheduleBRequiredInd
Political Campaign ActyfalsePoliticalCampaignActyInd
Lobbying ActivitiesfalseLobbyingActivitiesInd
Subject To Proxy TaxfalseSubjectToProxyTaxInd
Donor Advised FundfalseDonorAdvisedFundInd
Conservation EasementsfalseConservationEasementsInd
Collections Of ArtfalseCollectionsOfArtInd
Credit CounselingfalseCreditCounselingInd
Donor Rstr Or Quasi EndowmentsfalseDonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentfalseReportLandBuildingEquipmentInd
Report Investments Other SecfalseReportInvestmentsOtherSecInd
Report Program Related InvstfalseReportProgramRelatedInvstInd
Report Other AssetsfalseReportOtherAssetsInd
Report Other LiabilitiesfalseReportOtherLiabilitiesInd
Include FIN48 FootnotefalseIncludeFIN48FootnoteInd
Independent Audit Fincl StmtfalseIndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtfalseConsolidatedAuditFinclStmtInd
School OperatingfalseSchoolOperatingInd
Foreign OfficefalseForeignOfficeInd
Foreign ActivitiesfalseForeignActivitiesInd
More Than5000 K To OrgfalseMoreThan5000KToOrgInd
More Than5000 K To IndividualsfalseMoreThan5000KToIndividualsInd
Professional FundraisingfalseProfessionalFundraisingInd
Fundraising ActivitiesfalseFundraisingActivitiesInd
Gaming ActivitiesfalseGamingActivitiesInd
Operate HospitalfalseOperateHospitalInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Grants To IndividualsYes (true)GrantsToIndividualsInd
Schedule J RequiredfalseScheduleJRequiredInd
Tax Exempt BondsfalseTaxExemptBondsInd
Engaged In Excess Benefit TransfalseEngagedInExcessBenefitTransInd
PY Excess Benefit TransfalsePYExcessBenefitTransInd
Loan OutstandingfalseLoanOutstandingInd
Grant To Related PersonfalseGrantToRelatedPersonInd
Business Rln With Org MemfalseBusinessRlnWithOrgMemInd
Business Rln With Fam MemfalseBusinessRlnWithFamMemInd
Business Rln With35 Ctrl EntfalseBusinessRlnWith35CtrlEntInd
Deductible Non Cash ContrifalseDeductibleNonCashContriInd
Deductible Art ContributionfalseDeductibleArtContributionInd
Terminate OperationsfalseTerminateOperationsInd
Partial LiquidationfalsePartialLiquidationInd
Disregarded EntityfalseDisregardedEntityInd
Related EntityfalseRelatedEntityInd
Related Organization Ctrl EntfalseRelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd OrgfalseTrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted PrtshpfalseActivitiesConductedPrtshpInd
Schedule O RequiredYes (true)ScheduleORequiredInd
IRP Document30IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld CompliancefalseBackupWthldComplianceInd
Employee2EmployeeCnt
Employment Tax Returns FiledfalseEmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Foreign Financial AccountfalseForeignFinancialAccountInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Taxable Party NotificationfalseTaxablePartyNotificationInd
Nondeductible ContributionsfalseNondeductibleContributionsInd
Indoor Tanning ServicesfalseIndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst IncfalseSubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members9GoverningBodyVotingMembersCnt
Independent Voting Member9IndependentVotingMemberCnt
Family Or Business RlnfalseFamilyOrBusinessRlnInd
Delegation Of Mgmt DutiesfalseDelegationOfMgmtDutiesInd
Change To Org DocumentsfalseChangeToOrgDocumentsInd
Material Diversion Or MisusefalseMaterialDiversionOrMisuseInd
Members Or StockholdersfalseMembersOrStockholdersInd
Election Of Board MembersfalseElectionOfBoardMembersInd
Decisions Subject To ApprovafalseDecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (true)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (true)MinutesOfCommitteesInd
Officer Mailing AddressfalseOfficerMailingAddressInd
Local ChaptersfalseLocalChaptersInd
Form990 Provided To Gvrn BodyfalseForm990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (true)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (true)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcfalseRegularMonitoringEnfrcInd
Whistleblower PolicyfalseWhistleblowerPolicyInd
Document Retention PolicyfalseDocumentRetentionPolicyInd
Compensation Process CEOfalseCompensationProcessCEOInd
Compensation Process OtherfalseCompensationProcessOtherInd
Investment In Joint VenturefalseInvestmentInJointVentureInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonVANESSA MCCAINPersonNm
Phone4023726001PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1200 S LINCOLN STREETAddressLine1Txt
CityWEST POINTCityNm
State AbbreviationNEStateAbbreviationCd
ZIP68788ZIPCd
FieldValueIRS element (for citing)
No Listed Persons CompensatedYes (X)NoListedPersonsCompensatedInd

Form990 Part VII Section A Form990PartVIISectionAGrp (9 entries)

TitleTitleTxtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtOfficerOfficerInd
JON BAILEY
OFFICERYes (X)$0$0$0
ALAN HARMS
OFFICERYes (X)$0$0$0Yes (X)
RUSTY SMITH
DIRECTORYes (X)$0$0$0
CHET MCWHORTER
CHAIRPERSONYes (X)$0$0$0Yes (X)
VANESSA MCCAIN
SECRETARY TRYes (X)$0$0$0Yes (X)
DOUG STEFFENSMEIER
DIRECTORYes (X)$0$0$0
ADAM RIEF
DIRECTORYes (X)$0$0$0
STEPHANIE JAMES
DIRECTORYes (X)$0$0$0
KRISTA PRINZ
DIRECTORYes (X)$0$0$0
FieldValueIRS element (for citing)
Former Ofcr Employees ListedfalseFormerOfcrEmployeesListedInd
Total Comp Greater Than150 KfalseTotalCompGreaterThan150KInd
Compensation From Other SrcsfalseCompensationFromOtherSrcsInd
Federated Campaigns$175,000FederatedCampaignsAmt
Government Grants$496,776GovernmentGrantsAmt
Total Contributions$671,776TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp

FieldValueIRS element (for citing)
DescPROGRAM SERVICE REVENUEDesc
Total Revenue Column$394,575TotalRevenueColumnAmt
Related Or Exempt Func Income$394,575RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Total Program Service Revenue$394,575TotalProgramServiceRevenueAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$1,066,351TotalRevenueColumnAmt
Related Or Exempt Func Income$394,575RelatedOrExemptFuncIncomeAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

FieldValueIRS element (for citing)
Total$930,911TotalAmt
Program Services$930,911ProgramServicesAmt

Fees For Services Management FeesForServicesManagementGrp

FieldValueIRS element (for citing)
Total$7,500TotalAmt
Program Services$7,500ProgramServicesAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$1,727TotalAmt
Program Services$1,727ProgramServicesAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$8,360TotalAmt
Program Services$8,360ProgramServicesAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$3,520TotalAmt
Program Services$3,520ProgramServicesAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$952,018TotalAmt
Program Services$952,018ProgramServicesAmt
Management And General$0ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$913,560BOYAmt
EOY$976,232EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$913,560BOYAmt
EOY$976,232EOYAmt

Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp

FieldValueIRS element (for citing)
BOY$51,661BOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$51,661BOYAmt
EOY$0EOYAmt
FieldValueIRS element (for citing)
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind

Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp

FieldValueIRS element (for citing)
BOY$861,899BOYAmt
EOY$976,232EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$861,899BOYAmt
EOY$976,232EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$913,560BOYAmt
EOY$976,232EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$114,333ReconcilationRevenueExpnssAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or ReviewfalseAccountantCompileOrReviewInd
FS AuditedfalseFSAuditedInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Public Organization170Yes (X)PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$16,744CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$323,058CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$1,114,235CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$541,797CurrentTaxYearMinus1YearAmt
Current Tax Year$671,776CurrentTaxYearAmt
Total$2,667,610TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$16,744CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$323,058CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$1,114,235CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$541,797CurrentTaxYearMinus1YearAmt
Current Tax Year$671,776CurrentTaxYearAmt
Total$2,667,610TotalAmt
FieldValueIRS element (for citing)
Public Support Total170$2,667,610PublicSupportTotal170Amt
Total Support$2,667,610TotalSupportAmt
Gross Receipts Rltd Activities$397,968GrossReceiptsRltdActivitiesAmt
Public Support CY1701.00000PublicSupportCY170Pct
Public Support PY1701.00000PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170Yes (X)ThirtyThrPctSuprtTestsCY170Ind

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records MaintainedfalseGrantRecordsMaintainedInd

Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp (5 entries)

Grant TypeGrantTypeTxtCash GrantCashGrantAmtNon Cash AssistanceNonCashAssistanceDesc
REHABILITATION GRANTS$356,163BUILDING REHAB
RURAL WORKFORCE GRANTS$380,278BUILDING REHAB
BIG & DEMO GRANTS$75,106DEMO & IMPRV
INOVATION STATION$107,074BUSINESS PORTAL
OWNER OCCUPIED FEES$12,290

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (3 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PAGE 2, PART III, LINE 4DOFFICE SPACE BULIT TO KEEEP LOCAL INOVATIONS AND ENTREPRENEURS IN CUMING COUNTY.DEDICATED TO HELP THOSE WHO WANT TO EXCEL. THE SERVICES ARE PROVIDED TO ALL.
FORM 990, PAGE 6, PART VI, LINE 11BINFORMATION PROVIDED AT REGULAR DIRECTORS MEETING PRIOR TO FILING
FORM 990, PAGE 6, PART VI, LINE 19ACCESS IS PROVIDED AT ENTITY'S OFFICE