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Nonprofit · EIN 36-3441719

GREATER NORFOLK ECONOMIC DEVELOPMENT FOUNDATION INC

Tax-exempt · NORFOLK, NE 68701

Financials

$1.3M$1.4M2023$549K$807K2024
Revenue Expenses · by fiscal year end
Financials of GREATER NORFOLK ECONOMIC DEVELOPMENT FOUNDATION INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$549,096$806,815-$257,719$8,974,752$7,381,375$1,593,377
December 31, 2023990$1,274,311$1,364,423-$90,112$9,312,439$7,461,344$1,851,095
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$237,908
Program service revenue
$310,454
Investment income
$734
Other revenue
$0

Expenses

Grants and similar amounts paid
$145,250
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Accounting fees
$6,738
Occupancy
$81,953
Depreciation
$61,327
Program services (functional)
$799,566
Management and general (functional)
$7,249

Balance sheet and other

Total assets, start of year
$9,312,439
Total assets, end of year
$8,974,752
Total liabilities, end of year
$7,381,375
Net assets, end of year
$1,593,377
Land, buildings and equipment
$2,777,636
Net assets without donor restrictions
$1,593,377
Gross receipts
$549,096
Employees
0
Volunteers
0
Year formed
1986
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, 2024, highest compensation first.

NameTitleHours / weekCompensation
Russ WilcoxDirector
Trustee or director
0$0
Jim Bradford JrChair
Trustee or director, Officer
1$0
Ron SchmidtDirector
Trustee or director
0$0
Doug JohnsonDirector
Trustee or director
0$0
Stephen SundermanPast Chair
Trustee or director, Officer
0$0
Arnold RobinsonVice Chair
Trustee or director, Officer
0$0
Dan SprayDirector
Trustee or director
0$0
Tim TigheDirector
Trustee or director
0$0
Andy ColvinEx-Officio
Trustee or director
0$0
Candice AlderEx-Officio
Trustee or director
0$0
Leah BarrettEx-Officio
Trustee or director
0$0
Shane ClausenDirector
Trustee or director
0$0
David CoppleEx-Officio
Trustee or director
0$0
Austen HagoodSecretary
Trustee or director, Officer
0$0
Angie StengerDirector
Trustee or director
0$0
990 for the year ended December 31, 2023: 10 people
NameTitleHours / weekCompensation
Russ WilcoxPast President
Trustee or director, Officer
0$0
Jim Bradford JrSecretary/Treasurer
Trustee or director, Officer
1$0
Ron SchmidtDirector
Trustee or director
0$0
Josh MoenningDirector
Trustee or director
0$0
Doug JohnsonDirector
Trustee or director
0$0
Stephen SundermanPresident
Trustee or director, Officer
0$0
Arnold RobinsonVice-President
Trustee or director, Officer
0$0
Dan SprayDirector
Trustee or director
0$0
Tim TigheDirector
Trustee or director
0$0
Andy ColvinDirector
Trustee or director
0$0

Address and contacts

Address (IRS master file)
609 W NORFOLK AVE, NORFOLK, NE 68701-5140
Principal officer (990 for 2024)
Jim Bradford Jr, 609 W Norfolk Ave, Norfolk, NE 68701
Signed the 990
Jim Bradford Jr, Chair
Phone
(402) 844-2264
Return prepared by
McMill CPA PC

Mission

Provide support to develop education, recreation, the local economy and other issues affecting the community in the future.

990 for the year ended December 31, 2024

Program accomplishments

  • Provide support to develop education, recreation, the local economy and other issues affecting the community in the future.
    Expenses $799,566 · grants $145,250 · revenue $310,454

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
36-3441719
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
1986
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$8,974,752
Income (IRS master file)
$549,096

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$549,096$806,815$8,974,752XML
990December 2023$1,274,311$1,364,423$9,312,439XML
990December 2022$800,725$2,185,125$9,485,734IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2019–––IRS
990December 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 36-3441719).

Questions about GREATER NORFOLK ECONOMIC DEVELOPMENT FOUNDATION INC

What is the EIN of GREATER NORFOLK ECONOMIC DEVELOPMENT FOUNDATION INC?
The employer identification number (EIN) of GREATER NORFOLK ECONOMIC DEVELOPMENT FOUNDATION INC is 36-3441719.
Is GREATER NORFOLK ECONOMIC DEVELOPMENT FOUNDATION INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1986.
Are donations to GREATER NORFOLK ECONOMIC DEVELOPMENT FOUNDATION INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does GREATER NORFOLK ECONOMIC DEVELOPMENT FOUNDATION 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 GREATER NORFOLK ECONOMIC DEVELOPMENT FOUNDATION INC due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did GREATER NORFOLK ECONOMIC DEVELOPMENT FOUNDATION INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of GREATER NORFOLK ECONOMIC DEVELOPMENT FOUNDATION INC?
The 990 for the year ended December 31, 2024 names Jim Bradford Jr.
Who are the officers and directors of GREATER NORFOLK ECONOMIC DEVELOPMENT FOUNDATION INC?
The 990 for the year ended December 31, 2024 lists 15 people; 0 received compensation from the organization.
How much revenue does GREATER NORFOLK ECONOMIC DEVELOPMENT FOUNDATION INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $549,096, expenses of $806,815 and total assets of $8,974,752 at year end.

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