Nonprofit · EIN 20-2470844
CENTRAL NEBRASKA ECONOMIC DEVELOPMENT INC
Tax-exempt · ATKINSON, NE 68713
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $44,926 | $287,224 | -$242,298 | $2,960,989 | $2,259 | $2,958,730 |
| June 30, 2024 | 990 | $0 | $0 | $0 | $0 | $0 | $0 |
| June 30, 2023 | 990 | $0 | $0 | $0 | $1,691,011 | $0 | $1,691,011 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $7,752
- Program service revenue
- $16,790
- Investment income
- $20,384
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $6,245
- Program services (functional)
- $279,402
- Management and general (functional)
- $7,822
Balance sheet and other
- Total assets, start of year
- $3,203,287
- Total assets, end of year
- $2,960,989
- Total liabilities, end of year
- $2,259
- Net assets, end of year
- $2,958,730
- Net assets without donor restrictions
- $1,887,325
- Net assets with donor restrictions
- $1,071,405
- Gross receipts
- $44,926
- Employees
- 0
- Volunteers
- 4
- Year formed
- 2005
- State of legal domicile
- NE
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| CARLA KIMBALL | EXECUTIVE DIRECTOR Officer | 40 | $0 | $70,633 |
| JOHN MADSEN | CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| CRAIG BREWSTER | FINANCE OFFICER Trustee or director, Officer | 2 | $0 | $0 |
| KRISTIN OLSON | DIRECTOR Trustee or director | 2 | $0 | $0 |
| ED BROWN | DIRECTOR Trustee or director | 2 | $0 | $0 |
990 for the year ended June 30, 2024: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CRAIG BREWSTER | FINANCE OFFI Trustee or director, Officer | 2 | $0 |
| JOHN MADSEN | VICE-CHAIRPE Trustee or director, Officer | 2 | $0 |
| KRISTIN OLSON | DIRECTOR Trustee or director, Officer | 2 | $0 |
| CHRISTY UNDERWOOD | DIRECTOR Trustee or director, Officer | 2 | $0 |
| JUDY PETERSEN | EXECUTIVE DI Officer | 40 | $0 |
990 for the year ended June 30, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CRAIG BREWSTER | FINANCE OFFI Trustee or director, Officer | 2 | $0 |
| ED BROWN | VICE CHAIR Trustee or director, Officer | 2 | $0 |
| JOHN MADSEN | CHAIRPERSON Trustee or director, Officer | 2 | $0 |
| KRISTIN OLSON | DIRECTOR Trustee or director | 2 | $0 |
| JUDY PETERSEN | EXECUTIVE DI Officer | 40 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 981, ATKINSON, NE 68713-0981
- In care of
- % JUDY R PETERSEN
- Principal officer (990 for 2024)
- CARLA KIMBALL, PO BOX 981, ATKINSON, NE 68713
- Signed the 990
- CARLA KIMBALL, EXECUTIVE DIRECTOR
- Phone
- (402) 336-6541
- Website
- WWW.CNEDD.ORG
- Return prepared by
- HAYES & ASSOCIATES LLC
Mission
THE ORGANIZATION WAS FORMED TO ADDRESS GAPS IDENTIFIED BY THE CENTRAL NEBRASKA ECONOMIC DEVELOPMENT DISTRICT REGARDING AFFORDABLE HOUSING IN THEIR 14 COUNTY DISTRICT. THE ORGANIZATION WILL CREATE AND IMPLEMENT A HOUSING PROGRAM WHICH WILL PROVIDE HOUSING SERVICES TO 14 COUNTIES LOCATED IN CENTRAL NEBRASKA. HOUSING SERVICES WILL CONSIST OF AN ASSESSMENT OF HOUSING NEEDS AND THE DEVELOPMENT AND IMPLEMENTATION OF HOUSING STRATAGIES TO FILL IDENTIFIED GAPS FOR LOW AND MEDIUM INCOME CITIZENS. THE PROVISION OF THESE SERVICES WILL RESULT IN EXPANDED AFFORDABLE HOUSING OPPORTUNITIES IN THE 14 COUNTY DISTRICTS.
Program accomplishments
- TO PROVIDE HOUSING PROGRAMS AND STRATEGIES FOR LOW AND MEDIUM INCOME CITIZENS. HOUSING PROGRAMS INCLUDE OWNEROCCUPIED HOME REHABILITATION, DOWNPAYMENT ASSISTANCE, WORKFORCE DEVELOPMENT HOUSING, AND HOMEBUYER EDUCATION. THE PROVISION OF THESE SERVICES WILL RESULT IN EXPANDED AFFORDABLE HOUSING OPPORTUNITIES IN THE 14 COUNTY DISTRICT.Expenses $279,402 · revenue $16,790
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 20-2470844
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2007
- Accounting year ends
- June
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Housing and shelter (L20)
- Assets (IRS master file)
- $2,960,989
- Income (IRS master file)
- $44,926
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $44,926 | $287,224 | $2,960,989 | IRS |
| 990 | June 2024 | $0 | $0 | $0 | IRS |
| 990 | June 2023 | $0 | $0 | $1,691,011 | XML |
| 990 | June 2022 | $411,900 | $340,220 | $1,691,011 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 20-2470844).
Questions about CENTRAL NEBRASKA ECONOMIC DEVELOPMENT INC
- What is the EIN of CENTRAL NEBRASKA ECONOMIC DEVELOPMENT INC?
- The employer identification number (EIN) of CENTRAL NEBRASKA ECONOMIC DEVELOPMENT INC is 20-2470844.
- Is CENTRAL NEBRASKA ECONOMIC DEVELOPMENT INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2007.
- Are donations to CENTRAL NEBRASKA ECONOMIC DEVELOPMENT INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does CENTRAL NEBRASKA ECONOMIC DEVELOPMENT INC file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of CENTRAL NEBRASKA ECONOMIC DEVELOPMENT INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did CENTRAL NEBRASKA ECONOMIC DEVELOPMENT INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of CENTRAL NEBRASKA ECONOMIC DEVELOPMENT INC?
- The 990 for the year ended June 30, 2025 names CARLA KIMBALL.
- Who are the officers and directors of CENTRAL NEBRASKA ECONOMIC DEVELOPMENT INC?
- The 990 for the year ended June 30, 2025 lists 5 people; 0 received compensation from the organization.
- How much revenue does CENTRAL NEBRASKA ECONOMIC DEVELOPMENT INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $44,926, expenses of $287,224 and total assets of $2,960,989 at year end.
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