Nonprofit · EIN 47-0721052
NEBRASKA ECONOMIC DEVELOPMENT CORPORATION
Tax-exempt · LINCOLN, NE 68526
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| September 30, 2025 | 990 | $2,415,730 | $2,127,909 | $287,821 | $7,245,972 | $170,375 | $7,075,597 |
| September 30, 2024 | 990 | $2,295,748 | $1,644,988 | $650,760 | $6,893,543 | $214,184 | $6,679,359 |
| September 30, 2023 | 990 | $2,237,131 | $1,583,265 | $653,866 | $6,258,967 | $237,755 | $6,021,212 |
Financial details: 990 for the year ended September 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $2,000,944
- Investment income
- $414,786
- Net gain from sales of assets
- $166,539
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $344,334
- Other salaries and wages
- $1,106,433
- Salaries, compensation and benefits (total)
- $1,665,415
- Professional fundraising fees
- $0
- Legal fees
- $156,727
- Accounting fees
- $15,890
- Occupancy
- $55,091
- Travel
- $12,439
- Depreciation
- $9,746
- Program services (functional)
- $1,431,606
- Management and general (functional)
- $696,303
Balance sheet and other
- Total assets, start of year
- $6,893,543
- Total assets, end of year
- $7,245,972
- Total liabilities, end of year
- $170,375
- Net assets, end of year
- $7,075,597
- Land, buildings and equipment
- $111,345
- Publicly traded securities
- $1,629,236
- Net assets without donor restrictions
- $7,075,597
- Gross receipts
- $4,849,796
- Employees
- 6
- Year formed
- 1987
- 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 September 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| SCOTT SAILORS | EXECUTIVE DI Trustee or director, Officer | 40 | $338,996 | $20,647 |
| TODD MULLINER | PRESIDENT OF Highest-paid employee | 40 | $225,027 | $25,497 |
| JASON CULVER | CHIEF CREDIT Highest-paid employee | 40 | $222,320 | $28,200 |
| WILL SAILORS | VP LENDING Highest-paid employee | 40 | $202,883 | $20,170 |
| DENNIS GRAMS | CHAIR Trustee or director, Officer | 5 | $21,000 | $0 |
| STEPHEN AMUNDSON | VICE CHAIR Trustee or director, Officer | 5 | $16,000 | $0 |
| JAMES BARR | DIRECTOR Trustee or director | 5 | $16,000 | $0 |
| JACOB BORST | DIRECTOR Trustee or director | 5 | $16,000 | $0 |
| LOREN KUCERA | DIRECTOR Trustee or director | 5 | $16,000 | $0 |
| NICHOLAS MENEFEE | DIRECTOR Trustee or director | 5 | $16,000 | $0 |
| DOUG WIEMER | DIRECTOR Trustee or director | 5 | $16,000 | $0 |
| JEFF REIFSCHNEIDER | DIRECTOR Trustee or director | 5 | $12,000 | $0 |
990 for the year ended September 30, 2024: 12 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| SCOTT SAILORS | EXECUTIVE DI Trustee or director, Officer | 40 | $244,334 | $19,629 |
| JASON CULVER | CHIEF CREDIT Highest-paid employee | 40 | $231,667 | $23,078 |
| WILL SAILORS | VP LENDING Highest-paid employee | 40 | $209,375 | $26,658 |
| TODD MULLINER | PRESIDENT OF Highest-paid employee | 40 | $189,167 | $28,881 |
| STEPHEN AMUNDSON | VICE CHAIR Trustee or director, Officer | 5 | $16,000 | $0 |
| JAMES BARR | DIRECTOR Trustee or director | 5 | $16,000 | $0 |
| JACOB BORST | DIRECTOR Trustee or director | 5 | $16,000 | $0 |
| LOREN KUCERA | DIRECTOR Trustee or director | 5 | $16,000 | $0 |
| NICHOLAS MENEFEE | DIRECTOR Trustee or director | 5 | $16,000 | $0 |
| DOUG WIEMER | DIRECTOR Trustee or director | 5 | $16,000 | $0 |
| JEFF REIFSCHNEIDER | DIRECTOR Trustee or director | 5 | $12,000 | $0 |
| DENNIS GRAMS | CHAIR Trustee or director, Officer | 5 | $10,500 | $0 |
990 for the year ended September 30, 2023: 12 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| SCOTT SAILORS | EXECUTIVE DI Trustee or director, Officer | 40 | $239,555 | $19,439 |
| TODD MULLINER | PRESIDENT OF Highest-paid employee | 40 | $192,465 | $28,735 |
| JASON CULVER | CHIEF CREDIT Highest-paid employee | 40 | $116,956 | $20,844 |
| WILL SAILORS | VP LENDING Highest-paid employee | 40 | $109,327 | $22,923 |
| DENNIS GRAMS | CHAIR Trustee or director, Officer | 5 | $21,000 | $0 |
| STEPHEN AMUNDSON | VICE CHAIR Trustee or director, Officer | 5 | $16,000 | $0 |
| JAMES BARR | DIRECTOR Trustee or director | 5 | $16,000 | $0 |
| JACOB BORST | DIRECTOR Trustee or director | 5 | $16,000 | $0 |
| LOREN KUCERA | DIRECTOR Trustee or director | 5 | $16,000 | $0 |
| NICHOLAS MENEFEE | DIRECTOR Trustee or director | 5 | $16,000 | $0 |
| JEFF REIFSCHNEIDER | DIRECTOR Trustee or director | 5 | $16,000 | $0 |
| DOUG WIEMER | DIRECTOR Trustee or director | 5 | $16,000 | $0 |
Address and contacts
- Address (IRS master file)
- 4445 SOUTH 86TH STREET SUITE 200, LINCOLN, NE 68526-9225
- Principal officer (990 for 2024)
- SCOTT SAILORS, 4445 SOUTH 86TH STREET SUITE 200, LINCOLN, NE 68526
- Signed the 990
- SCOTT SAILORS, EXECUTIVE DIRECTOR
- Website
- WWW.NEDCOLOANS.ORG
- Return prepared by
- DANA F COLE & COMPANY LLP
Mission
FURTHERING THE ECONOMIC DEVELOPMENT AND SOCIAL WELFARE OF NEBRASKA AND ITS ENVIRONS WITH SPECIFIC EMPHASIS ON THE AREA BY PROMOTING AND ASSISTING THE GROWTH AND DEVELOPMENT OF BUSINESS CONCERNS, INCLUDING SMALL BUSINESS CONCERNS IN SUCH AREA. THE PRINCIPAL OBJECTIVES COMMUNITY BY FOSTERING INCREASED EMPLOYMENT OPPORTUNITIES AND EXPANSION OF BUSINESS AND INDUSTRY FOR THE CITIZENS OF THE AREA.
Program accomplishments
- PROCESSING AND SERVICING EXPENSES INCURRED AS A STATEWIDE CERTIFIED DEVELOPMENT CORPORATION PURSUANT TO SECTION 504 OF TITLE V OF THE SMALL BUSINESS INVESTMENT ACT OF 1958.Expenses $1,431,606 · revenue $1,998,390
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 September, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | September 30, 2026 | February 15, 2027 | Not due yet |
| 2024 | September 30, 2025 | February 16, 2026 | 990 on file |
| 2023 | September 30, 2024 | February 17, 2025 | 990 on file |
IRS record
- EIN
- 47-0721052
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1996
- Accounting year ends
- September
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S20Z)
- Assets (IRS master file)
- $7,245,972
- Income (IRS master file)
- $4,849,796
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | September 2025 | $2,415,730 | $2,127,909 | $7,245,972 | XML |
| 990 | September 2024 | $2,295,748 | $1,644,988 | $6,893,543 | XML |
| 990 | September 2023 | $2,237,131 | $1,583,265 | $6,258,967 | XML |
| 990 | September 2022 | $1,640,595 | $1,716,756 | $5,459,032 | IRS |
| 990 | September 2021 | – | – | – | IRS |
| 990 | September 2020 | – | – | – | IRS |
| 990 | September 2019 | – | – | – | IRS |
| 990 | September 2018 | – | – | – | IRS |
| 990 | September 2017 | – | – | – | 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 47-0721052).
Questions about NEBRASKA ECONOMIC DEVELOPMENT CORPORATION
- What is the EIN of NEBRASKA ECONOMIC DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of NEBRASKA ECONOMIC DEVELOPMENT CORPORATION is 47-0721052.
- Is NEBRASKA ECONOMIC DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1996.
- Are donations to NEBRASKA ECONOMIC DEVELOPMENT CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does NEBRASKA 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 NEBRASKA ECONOMIC DEVELOPMENT CORPORATION due?
- The return for tax year 2025 (the year ending September 30, 2026) is due February 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did NEBRASKA ECONOMIC DEVELOPMENT CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended September 2025.
- Who is the principal officer of NEBRASKA ECONOMIC DEVELOPMENT CORPORATION?
- The 990 for the year ended September 30, 2025 names SCOTT SAILORS.
- Who are the officers and directors of NEBRASKA ECONOMIC DEVELOPMENT CORPORATION?
- The 990 for the year ended September 30, 2025 lists 12 people; 12 received compensation from the organization, the highest $338,996 (SCOTT SAILORS, EXECUTIVE DI).
- How much revenue does NEBRASKA ECONOMIC DEVELOPMENT CORPORATION have?
- On its 990 for the year ended September 30, 2025 it reported revenue of $2,415,730, expenses of $2,127,909 and total assets of $7,245,972 at year end.
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All nonprofits in LINCOLN · Nebraska · Community improvement and capacity building