Nonprofit · EIN 20-4688422
FALLS CITY ECONOMIC DEVELOPMENT ANDGROWTH ENTERPRISE INC
Tax-exempt · FALLS CITY, NE 68355
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $336,393 | $371,291 | -$34,898 | $1,192,909 | $62,300 | $1,130,609 |
| December 31, 2024 | 990 | $330,308 | $269,879 | $60,429 | $1,250,083 | $61,850 | $1,188,233 |
| December 31, 2023 | 990 | $329,575 | $235,690 | $93,885 | $1,477,009 | $399,605 | $1,077,404 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $313,791
- Membership dues
- $233,791
- Program service revenue
- $0
- Investment income
- $13,602
- Other revenue
- $9,000
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $80,619
- Salaries, compensation and benefits (total)
- $89,763
- Professional fundraising fees
- $0
- Accounting fees
- $2,200
- Occupancy
- $5,465
Balance sheet and other
- Total assets, start of year
- $1,250,083
- Total assets, end of year
- $1,192,909
- Total liabilities, end of year
- $62,300
- Net assets, end of year
- $1,130,609
- Net assets without donor restrictions
- $1,130,609
- Gross receipts
- $336,393
- Employees
- 2
- Volunteers
- 20
- Year formed
- 2006
- 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 December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LUCAS FROESCHL | EXECUTIVE DI Officer | 40 | $78,529 |
| RYAN LARSEN | PRESIDENT Officer | 5 | $0 |
| KEVIN MALONE | PAST PRESIDE Officer | 5 | $0 |
| RAY JOY | VICE PRESIDE Officer | 5 | $0 |
| MITCH MERZ | VICE PRESIDE Officer | 5 | $0 |
| BART KELLER | VICE PRESIDE Officer | 5 | $0 |
| STEVE KOTTICH | EXECUTIVE CO Trustee or director, Officer | 5 | $0 |
| ROD ROWLAND | EXECUTIVE CO Trustee or director, Officer | 5 | $0 |
| MARK HARKENDORFF | DIRECTOR Trustee or director | 1 | $0 |
| STEVE SEVERIN | DIRECTOR Trustee or director | 1 | $0 |
| TIM HECKENLIVELY | DIRECTOR Trustee or director | 1 | $0 |
| SAMANTHA SCHEITEL | DIRECTOR Trustee or director | 1 | $0 |
| BRIAN DAAKE | DIRECTOR Trustee or director | 1 | $0 |
| CHRIS HALBERT | DIRECTOR Trustee or director | 1 | $0 |
| JOHN CAVERZAGIE | DIRECTOR Trustee or director | 1 | $0 |
7 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KRISTEN POPPE | DIRECTOR Trustee or director | 1 | $0 |
| JOE RECTOR | DIRECTOR Trustee or director | 1 | $0 |
| DERRICK LEYDEN | DIRECTOR Trustee or director | 1 | $0 |
| KELLY BLETSCHER | DIRECTOR Trustee or director | 1 | $0 |
| DAVID GOFF | DIRECTOR Trustee or director | 1 | $0 |
| SARA RUIZ | DIRECTOR Trustee or director | 1 | $0 |
| TREVOR BAUER | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2024: 22 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LUCAS FROESCHL | EXECUTIVE DI Officer | 40 | $0 |
| KEVIN MALONE | PRESIDENT Officer | 5 | $0 |
| ROD ROWLAND | VICE PRESIDE Officer | 5 | $0 |
| RAY JOY | EXECUTIVE CO Trustee or director, Officer | 5 | $0 |
| BART KELLER | EXECUTIVE CO Trustee or director, Officer | 5 | $0 |
| STEVE KOTTICH | EXECUTIVE CO Trustee or director, Officer | 5 | $0 |
| RYAN LARSEN | EXECUTIVE CO Trustee or director | 5 | $0 |
| MITCH MERZ | EXECUTIVE CO Trustee or director | 5 | $0 |
| MARK HARKENDORFF | DIRECTOR Trustee or director | 1 | $0 |
| STEVE SEVERIN | DIRECTOR Trustee or director | 1 | $0 |
| TIM HECKENLIVELY | DIRECTOR Trustee or director | 1 | $0 |
| SAMANTHA SCHEITEL | DIRECTOR Trustee or director | 1 | $0 |
| BRIAN DAAKE | DIRECTOR Trustee or director | 1 | $0 |
| CHRIS HALBERT | DIRECTOR Trustee or director | 1 | $0 |
| DAVID SICKEL | DIRECTOR Trustee or director | 1 | $0 |
| KRISTEN POPPE | DIRECTOR Trustee or director | 1 | $0 |
| JOE RECTOR | DIRECTOR Trustee or director | 1 | $0 |
| DERRICK LEYDEN | DIRECTOR Trustee or director | 1 | $0 |
| KELLY BLETSCHER | DIRECTOR Trustee or director | 1 | $0 |
| DAVID GOFF | DIRECTOR Trustee or director | 1 | $0 |
| ANTHONY NUSSBAUM | DIRECTOR Trustee or director | 1 | $0 |
| AMBER HOLLE | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 22 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LUCAS FROESCHL | EXECUTIVE DI Officer | 40 | $69,148 |
| KEVIN MALONE | PRESIDENT Officer | 5 | $0 |
| ROD ROWLAND | VICE PRESIDE Officer | 5 | $0 |
| RAY JOY | EXECUTIVE CO Trustee or director, Officer | 5 | $0 |
| BART KELLER | EXECUTIVE CO Trustee or director, Officer | 5 | $0 |
| STEVE KOTTICH | EXECUTIVE CO Trustee or director, Officer | 5 | $0 |
| RYAN LARSEN | EXECUTIVE CO Trustee or director | 5 | $0 |
| MITCH MERZ | EXECUTIVE CO Trustee or director | 5 | $0 |
| MARK HARKENDORFF | DIRECTOR Trustee or director | 1 | $0 |
| STEVE SEVERIN | DIRECTOR Trustee or director | 1 | $0 |
| TIM HECKENLIVELY | DIRECTOR Trustee or director | 1 | $0 |
| SAMANTHA SCHEITEL | DIRECTOR Trustee or director | 1 | $0 |
| BRIAN DAAKE | DIRECTOR Trustee or director | 1 | $0 |
| CHRIS HALBERT | DIRECTOR Trustee or director | 1 | $0 |
| DAVID SICKEL | DIRECTOR Trustee or director | 1 | $0 |
| KRISTEN POPPE | DIRECTOR Trustee or director | 1 | $0 |
| JOE RECTOR | DIRECTOR Trustee or director | 1 | $0 |
| MARC MOREHEAD | DIRECTOR Trustee or director | 1 | $0 |
| DERRICK LEYDEN | DIRECTOR Trustee or director | 1 | $0 |
| DEB LEWIS | DIRECTOR Trustee or director | 1 | $0 |
| ANTHONY NUSSBAUM | DIRECTOR Trustee or director | 1 | $0 |
| AMBER HOLLE | DIRECTOR Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 574, FALLS CITY, NE 68355-0574
- In care of
- % CHRISTOPHER C HALBERT
- Principal officer (990 for 2025)
- LUCAS FROESCHL
- Signed the 990
- RYAN LARSEN, PRESIDENT
- Phone
- (402) 245-2105
- Return prepared by
- ROBERT W AITKEN CPA PC
Mission
TO RECRUIT NEW BUSINESSES TO THE FALLS CITY AREA AND ASSIST EXISTING BUSINESSES AS NEEDED IN AN EFFORT TO BOOST THE LOCAL ECONOMY.
Program accomplishments
- TO RECRUIT NEW BUSINESSES TO THE FALLS CITY AREA AND ASSIST EXISTING BUSINESSES AS NEEDED IN AN EFFORT TO BOOST THE LOCAL ECONOMY.Expenses $371,291
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 December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 20-4688422
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 2007
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S41)
- Assets (IRS master file)
- $1,192,909
- Income (IRS master file)
- $336,393
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $336,393 | $371,291 | $1,192,909 | IRS |
| 990 | December 2024 | $330,308 | $269,879 | $1,250,083 | XML |
| 990 | December 2023 | $329,575 | $235,690 | $1,477,009 | XML |
| 990 | December 2022 | $232,585 | $214,098 | $880,769 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | 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 20-4688422).
Questions about FALLS CITY ECONOMIC DEVELOPMENT ANDGROWTH ENTERPRISE INC
- What is the EIN of FALLS CITY ECONOMIC DEVELOPMENT ANDGROWTH ENTERPRISE INC?
- The employer identification number (EIN) of FALLS CITY ECONOMIC DEVELOPMENT ANDGROWTH ENTERPRISE INC is 20-4688422.
- Is FALLS CITY ECONOMIC DEVELOPMENT ANDGROWTH ENTERPRISE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 2007.
- Are donations to FALLS CITY ECONOMIC DEVELOPMENT ANDGROWTH ENTERPRISE INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does FALLS CITY ECONOMIC DEVELOPMENT ANDGROWTH ENTERPRISE INC 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 FALLS CITY ECONOMIC DEVELOPMENT ANDGROWTH ENTERPRISE INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did FALLS CITY ECONOMIC DEVELOPMENT ANDGROWTH ENTERPRISE INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of FALLS CITY ECONOMIC DEVELOPMENT ANDGROWTH ENTERPRISE INC?
- The 990 for the year ended December 31, 2025 names LUCAS FROESCHL.
- Who are the officers and directors of FALLS CITY ECONOMIC DEVELOPMENT ANDGROWTH ENTERPRISE INC?
- The 990 for the year ended December 31, 2025 lists 22 people; 1 received compensation from the organization, the highest $78,529 (LUCAS FROESCHL, EXECUTIVE DI).
- How much revenue does FALLS CITY ECONOMIC DEVELOPMENT ANDGROWTH ENTERPRISE INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $336,393, expenses of $371,291 and total assets of $1,192,909 at year end.
Other nonprofits in FALLS CITY
- MAIN STREET FALLS CITY INC EIN 27-2413289 · last filed 990-EZ for 2025
- COMMUNITY MEDICAL CENTER INC EIN 47-0421272 · last filed 990 for 2025
- FALLS CITY VOLUNTEER AMBULANCE SQUAD EIN 47-0287147 · last filed 990 for 2025
- FALLS CITY SACRED HEART CATHOLIC SCHOOL FOUNDATION EIN 47-0678771 · last filed 990 for 2025
- FALLS CITY GOLF COURSE EIN 47-0154658 · last filed 990 for 2025
- FALLS CITY EDUCATIONAL FOUNDATION EIN 47-0739224 · last filed 990 for 2025
- BENEVOLENT & PROTECTIVE ORDER OF ELKS OF THE USA EIN 47-0367930 · last filed 990 for 2026
- RICHARDSON FOUNDATION INC EIN 47-0703029 · last filed 990 for 2025
All nonprofits in FALLS CITY · Nebraska · Community improvement and capacity building