Nonprofit · EIN 32-0108328
ALBION ECONOMIC DEVELOPMENT CORPORATION
Tax-exempt · ALBION, NE 68620
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| March 31, 2026 | 990 | $368,921 | $108,033 | $260,888 | $2,482,030 | $86,162 | $2,395,868 |
| March 31, 2025 | 990 | $150,700 | $141,565 | $9,135 | $2,317,314 | $184,746 | $2,132,568 |
| March 31, 2024 | 990 | $1,498,759 | $184,710 | $1,314,049 | $2,308,179 | $184,746 | $2,123,433 |
Financial details: 990 for the year ended March 31, 2026
Revenue
- Contributions, gifts and grants
- $162,882
- of which government grants
- $142,440
- Membership dues
- $3,200
- Program service revenue
- $176,505
- Investment income
- $29,534
- Net gain from sales of assets
- -$13,913
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $51,975
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $30
- Accounting fees
- $8,770
- Occupancy
- $10,774
- Depreciation
- $11,810
- Program services (functional)
- $94,870
- Management and general (functional)
- $13,163
Balance sheet and other
- Total assets, start of year
- $2,317,314
- Total assets, end of year
- $2,482,030
- Total liabilities, end of year
- $86,162
- Net assets, end of year
- $2,395,868
- Land, buildings and equipment
- $194,551
- Gross receipts
- $781,435
- Employees
- 0
- Year formed
- 2003
- 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 March 31, 2026, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MICHELLE GRAGERT | DIRECTOR Trustee or director | – | $0 |
| JEFFREY C JARECKI | PRESIDENT/DI Trustee or director, Officer | – | $0 |
| SAMANTHA KLEVELAND | DIRECTOR Trustee or director | – | $0 |
| BROCK KUESTER | DIRECTOR Trustee or director | – | $0 |
| TONY LEVANDER | DIRECTOR Trustee or director | – | $0 |
| JOHN MOELLER | DIRECTOR Trustee or director | – | $0 |
| ANDY ROBERTS | VICE PRESIDE Trustee or director, Officer | – | $0 |
| STEVEN RUZEK | TREASURER Officer | – | $0 |
990 for the year ended March 31, 2025: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MICHELLE GRAGERT | DIRECTOR Trustee or director | 1 | $0 |
| JEFFREY C JARECKI | PRESIDENT/DI Trustee or director, Officer | 1 | $0 |
| SAMANTHA KLEVELAND | DIRECTOR Trustee or director | 1 | $0 |
| BROCK KUESTER | DIRECTOR Trustee or director | 1 | $0 |
| TONY LEVANDER | DIRECTOR Trustee or director | 1 | $0 |
| JOHN MOELLER | DIRECTOR Trustee or director | 1 | $0 |
| ANDY ROBERTS | VICE PRESIDE Trustee or director, Officer | 1 | $0 |
| STEVEN RUZEK | TREASURER Officer | 5 | $0 |
990 for the year ended March 31, 2024: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MICHELLE GRAGERT | DIRECTOR Trustee or director | 1 | $0 |
| JEFFREY C JARECKI | PRESIDENT/DI Trustee or director, Officer | 1 | $0 |
| SAMANTHA KLEVELAND | DIRECTOR Trustee or director | 1 | $0 |
| BROCK KUESTER | DIRECTOR Trustee or director | 1 | $0 |
| TONY LEVANDER | DIRECTOR Trustee or director | 1 | $0 |
| JOHN MOELLER | DIRECTOR Trustee or director | 1 | $0 |
| ANDY ROBERTS | VICE PRESIDE Trustee or director, Officer | 1 | $0 |
| STEVEN RUZEK | TREASURER Officer | 5 | $0 |
Address and contacts
- Address (IRS master file)
- 127 S 4TH ST, ALBION, NE 68620-1215
- Mailing address (990-N for 2007)
- PO Box 471, Albion NE 68620
- Principal officer (990 for 2025)
- JEFFREY C JARECKI, 525 W STATE STREET, ALBION, NE 68620
- Principal officer (990-N for 2007)
- Connie Ketteler, PO Box 471, Albion NE 68620
- Signed the 990
- JEFFREY C JARECKI, PRESIDENT/DIRECTOR
- Phone
- (402) 395-4453
- Return prepared by
- MUELLER & HONCIK PC
Mission
ORGANIZATION'S MISSION IS TO PROMOTE DEVELOPMENT IN THE ALBION TRADE AREA BY LOANING FUNDS OR FURNISHING SITES AND BUILDINGS FOR INDUSTRIES INTERESTED IN LOCATING IN ALBION AND ITS TRADE TERRITORY.
Program accomplishments
- THE ALBION ECONOMIC DEVELOPMENT CORPORATION (AEDC) IS FOCUSED ON ECONOMIC AND CIVIC DEVELOPMENT IN THE ALBION, NE AREA. DURING THE FISCAL YEAR ENDED MARCH 31, 2025, IT GAVE A LAND GRANT TO BOONE BEGINNINGS FOR THE DEVELOPMENT OF A NON-PROFIT CHILD CARE FACILITY. IT ALSO PROVIDED CASH GRANTS TO BOONE BEGINNINGS FOR SAID FACILITY AND A CASH GRANT TO THE BOONE COUNTY AGRICULUTURAL EDUCATION CENTER FOR THE FAIRGROUNDS PROJECT. FUTURE PROJECTS IN DEVELOPMENT INCLUDE AFFORDABLE HOUSING DEVELOPMENTS, WHICH ARE IN PROGRESS. SEVERAL GRANTS WERE ALSO GIVEN FOR INFRASTRUCE DEVELOPMENT AND DOWNTOWN IMPROVEMENTS.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in March, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | March 31, 2026 | August 17, 2026 | 990 on file |
| 2024 | March 31, 2025 | August 15, 2025 | 990 on file |
| 2023 | March 31, 2024 | August 15, 2024 | 990 on file |
IRS record
- EIN
- 32-0108328
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 2005
- Accounting year ends
- March
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S32)
- Assets (IRS master file)
- $2,482,030
- Income (IRS master file)
- $781,435
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | March 2026 | $368,921 | $108,033 | $2,482,030 | XML |
| 990 | March 2025 | $150,700 | $141,565 | $2,317,314 | XML |
| 990 | March 2024 | $1,498,759 | $184,710 | $2,308,179 | XML |
| 990 | March 2023 | $402,607 | $181,497 | $809,384 | IRS |
| 990 | March 2022 | – | – | – | IRS |
| 990 | March 2021 | – | – | – | IRS |
| 990 | March 2020 | – | – | – | IRS |
| 990 | March 2019 | – | – | – | IRS |
| 990-N for 2007 Officer: Connie Ketteler | March 31, 2008 | ≤ $50,000 receipts | – | – | e-Postcard |
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 32-0108328).
Questions about ALBION ECONOMIC DEVELOPMENT CORPORATION
- What is the EIN of ALBION ECONOMIC DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of ALBION ECONOMIC DEVELOPMENT CORPORATION is 32-0108328.
- Is ALBION ECONOMIC DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 2005.
- Are donations to ALBION ECONOMIC DEVELOPMENT CORPORATION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does ALBION ECONOMIC DEVELOPMENT CORPORATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of ALBION ECONOMIC DEVELOPMENT CORPORATION due?
- The return for tax year 2026 (the year ending March 31, 2027) is due August 16, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did ALBION ECONOMIC DEVELOPMENT CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended March 2026.
- Who is the principal officer of ALBION ECONOMIC DEVELOPMENT CORPORATION?
- The 990 for the year ended March 31, 2026 names JEFFREY C JARECKI.
- Who are the officers and directors of ALBION ECONOMIC DEVELOPMENT CORPORATION?
- The 990 for the year ended March 31, 2026 lists 8 people; 0 received compensation from the organization.
- How much revenue does ALBION ECONOMIC DEVELOPMENT CORPORATION have?
- On its 990 for the year ended March 31, 2026 it reported revenue of $368,921, expenses of $108,033 and total assets of $2,482,030 at year end.
Other nonprofits in ALBION
- BCDA INC EIN 46-4245843 · last filed 990 for 2025
- BOONE NANCE CATTLEMEN EIN 91-1793170 · last filed 990-EZ for 2024
- ALBION CHAMBER OF COMMERCE INC EIN 47-0388990 · last filed 990-N for 2025
- BOONE BEGINNINGS EARLY CHILDHOOD AND FAMILY DEVELOPMENT CENTER INC EIN 83-3102498 · last filed 990 for 2024
- ALBION COUNTRY CLUB INCORPORATED EIN 47-0389210 · last filed 990 for 2025
- BOONE COUNTY FITNESS CENTER INC EIN 47-0667375 · last filed 990 for 2025
- BOONE COUNTY HEALTH CENTER FOUNDATION EIN 47-0707315 · last filed 990 for 2025
- JIM AND ELAINE WOLF FOUNDATION EIN 47-0611456 · last filed 990-PF for 2025
All nonprofits in ALBION · Nebraska · Community improvement and capacity building