Nonprofit · EIN 47-0814669
PHELPS COUNTY DEVELOPMENT CORPORATION
Tax-exempt · HOLDREGE, NE 68949
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $1,323,377 | $818,020 | $505,357 | $5,905,499 | $1,062,254 | $4,843,245 |
| December 31, 2024 | 990 | $858,086 | $1,453,722 | -$595,636 | $4,502,221 | $83,528 | $4,418,693 |
| December 31, 2023 | 990 | $1,676,256 | $801,635 | $874,621 | $5,197,977 | $183,648 | $5,014,329 |
| December 31, 2021 | 990 | $961,721 | $815,845 | $145,876 | $2,798,255 | $315,737 | $2,482,518 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $1,128,300
- of which government grants
- $1,084,710
- Membership dues
- $800
- Program service revenue
- $12,240
- Investment income
- $178,999
- Net gain from sales of assets
- $156,278
- Other revenue
- $3,838
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $30,550
- Other salaries and wages
- $103,399
- Salaries, compensation and benefits (total)
- $336,128
- Professional fundraising fees
- $0
- Accounting fees
- $8,410
- Travel
- $4,844
- Depreciation
- $1,178
- Program services (functional)
- $653,200
- Management and general (functional)
- $164,820
Balance sheet and other
- Total assets, start of year
- $4,502,221
- Total assets, end of year
- $5,905,499
- Total liabilities, end of year
- $1,062,254
- Net assets, end of year
- $4,843,245
- Land, buildings and equipment
- $3,615
- Net assets without donor restrictions
- $4,543,245
- Net assets with donor restrictions
- $300,000
- Gross receipts
- $1,605,120
- Employees
- 4
- Volunteers
- 12
- Year formed
- 1998
- 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 |
|---|---|---|---|
| RON TILLERY | EXECUTIVE DI Former | 40 | $153,908 |
| JEFF HOFAKER | EXECUTIVE DI Officer | 40 | $30,550 |
| JANET BOEHLER | DIRECTOR Trustee or director | 1 | $0 |
| NATE DEWALD | VICE PRESIDE Trustee or director, Officer | 1 | $0 |
| JARED ENGELBERT | PRESIDENT Trustee or director, Officer | 1 | $0 |
| GRANT ERICKSEN | DIRECTOR Trustee or director | 1 | $0 |
| PHIL HINRICHS | DIRECTOR Trustee or director | 1 | $0 |
| GRANT HINZE | SECRETARY/TR Trustee or director, Officer | 1 | $0 |
| TYE MARQUARDT | DIRECTOR Trustee or director | 1 | $0 |
| REED MCCLYMONT | DIRECTOR Trustee or director | 1 | $0 |
| CHRIS MCQUILLAN | DIRECTOR Trustee or director | 1 | $0 |
| JEFF MOON | DIRECTOR Trustee or director | 1 | $0 |
| DOUG STEVENSON | DIRECTOR Trustee or director | 1 | $0 |
| SHANE WESTCOTT | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2024: 19 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RON TILLERY | EXECUTIVE DI Officer | 40 | $131,249 |
| JANET BOEHLER | DIRECTOR Trustee or director | 1 | $0 |
| MICHELLE BOUWARE | EX-OFFICIO M Trustee or director | 1 | $0 |
| NATE DEWALD | DIRECTOR Trustee or director | 1 | $0 |
| JARED ENGELBERT | VICE PRESIDE Trustee or director, Officer | 1 | $0 |
| GRANT ERICKSEN | DIRECTOR Trustee or director | 1 | $0 |
| MATTHEW GREGG | EX-OFFICIO M Trustee or director | 1 | $0 |
| PHIL HINRICHS | DIRECTOR Trustee or director | 1 | $0 |
| GRANT HINZE | DIRECTOR Trustee or director | 1 | $0 |
| JANICE LUDEKE | EX-OFFICIO M Trustee or director | 1 | $0 |
| TYE MARQUARDT | DIRECTOR Trustee or director | 1 | $0 |
| REED MCCLYMONT | DIRECTOR Trustee or director | 1 | $0 |
| CHRIS MCQUILLAN | TREASURER Trustee or director, Officer | 1 | $0 |
| JEFF MOON | DIRECTOR Trustee or director | 1 | $0 |
| TOM NUTT | EX-OFFICIO M Trustee or director | 1 | $0 |
| MJ PRISTAVEC | EX-OFFICIO M Trustee or director | 1 | $0 |
| CHRIS RECTOR | EX-OFFICIO M Trustee or director | 1 | $0 |
| DOUG STEVENSON | DIRECTOR Trustee or director | 1 | $0 |
| SHANE WESTCOTT | PRESIDENT Trustee or director, Officer | 1 | $0 |
990 for the year ended December 31, 2023: 20 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RON TILLERY | EXECUTIVE DI Officer | 40 | $115,047 |
| JANET BOEHLER | DIRECTOR Trustee or director | 1 | $0 |
| MICHELLE BOUWARE | EX-OFFICIO M Trustee or director | 1 | $0 |
| NATE DEWALD | DIRECTOR Trustee or director | 1 | $0 |
| JARED ENGELBERT | VICE PRESIDE Trustee or director, Officer | 1 | $0 |
| GRANT ERICKSEN | DIRECTOR Trustee or director | 1 | $0 |
| ALLISON FRITSCHE | DIRECTOR Trustee or director | 1 | $0 |
| MATTHEW GREGG | DIRECTOR Trustee or director | 1 | $0 |
| PHIL HINRICHS | PRESIDENT Trustee or director, Officer | 1 | $0 |
| PHIL HINRICHS | DIRECTOR Trustee or director | 1 | $0 |
| GRANT HINZE | DIRECTOR Trustee or director | 1 | $0 |
| JANICE LUDEKE | EX-OFFCIO Trustee or director | 1 | $0 |
| REED MCCLYMONT | DIRECTOR Trustee or director | 1 | $0 |
| CHRIS MCQUILLAN | TREASURER Trustee or director, Officer | 1 | $0 |
| JEFF MOON | DIRECTOR Trustee or director | 1 | $0 |
| TOM NUTT | EX-OFFICIO M Trustee or director | 1 | $0 |
| MJ PRISTAVEC | EX-OFFICIO Trustee or director | 1 | $0 |
| CHRIS RECTOR | EX-OFFCIO Trustee or director | 1 | $0 |
| DOUG STEVENSON | DIRECTOR Trustee or director | 1 | $0 |
| SHANE WESTCOTT | PRESIDENT Trustee or director, Officer | 1 | $0 |
990 for the year ended December 31, 2021: 18 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MICHELLE BOULWARE | EX-OFFICIO MEMBER Trustee or director | 0.5 | $0 |
| TOM NUTT | EX-OFFICIO MEMBER Trustee or director | 0.5 | $0 |
| GRANT ERICKSEN | DIRECTOR Trustee or director | 1 | $0 |
| GRANT HINZE | DIRECTOR Trustee or director | 1 | $0 |
| JEFF MOON | DIRECTOR Trustee or director | 1 | $0 |
| PHIL HINRICHS | PRESIDENT Trustee or director, Officer | 1 | $0 |
| MATTHEW GREGG | EX-OFFICIO MEMBER Trustee or director | 0.5 | $0 |
| TIM REHM | DIRECTOR Trustee or director | 1 | $0 |
| DOUG STEVENSON | DIRECTOR Trustee or director | 1 | $0 |
| JARED ENGELBERT | TREASURER Trustee or director, Officer | 1 | $0 |
| CHRIS RECTOR | EX-OFFICIO MEMBER Trustee or director | 0.5 | $0 |
| REED MCCLYMONT | DIRECTOR Trustee or director | 1 | $0 |
| JANET BOEHLER | DIRECTOR Trustee or director | 1 | $0 |
| JANICE LUDEKE | EX-OFFICIO MEMBER Trustee or director | 0.5 | $0 |
| SHANE WESTSOTT | VICE PRESIDENT Trustee or director, Officer | 1 | $0 |
| NATE DEWALD | DIRECTOR Trustee or director | 1 | $0 |
| CHRIS MCQUILLAN | DIRECTOR Trustee or director | 1 | $0 |
| MJ PRISTAVEC | EX-OFFICIO MEMBER Trustee or director | 0.5 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 522, HOLDREGE, NE 68949-0522
- Principal officer (990 for 2025)
- JARED ENGELBERT, 502 EAST AVE SUITE 201, HOLDREGE, NE 68949
- Signed the 990
- JEFF HOFAKER, EXECUTIVE DIRECTOR
- Phone
- (308) 995-4148
- Website
- WWW.PHELPSCOUNTYNE.COM
- Return prepared by
- AMGL PC
Mission
TO ENCOURAGE BUSINESS RETENTION AND PROMOTE ECONOMIC DEVELOPMENT WHILE PRESERVING THE QUALITY OF LIFE IN PHELPS COUNTY, NEBRASKA.
Program accomplishments
- ENCOURAGE BUSINESS RETENTION AND PROMOTE ECONOMIC DEVELOPMENT WHILE PRESERVING THE QUALITY OF LIFE IN PHELPS COUNTY, NEBRASKA.Expenses $653,200 · revenue $12,240
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
- 47-0814669
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1999
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S30)
- Assets (IRS master file)
- $5,905,499
- Income (IRS master file)
- $1,605,120
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $1,323,377 | $818,020 | $5,905,499 | XML |
| 990 | December 2024 | $858,086 | $1,453,722 | $4,502,221 | XML |
| 990 | December 2023 | $1,676,256 | $801,635 | $5,197,977 | XML |
| 990 | December 2022 | $1,104,308 | $734,902 | $3,831,194 | IRS |
| 990 | December 2021 | $961,721 | $815,845 | $2,798,255 | XML |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 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 47-0814669).
Questions about PHELPS COUNTY DEVELOPMENT CORPORATION
- What is the EIN of PHELPS COUNTY DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of PHELPS COUNTY DEVELOPMENT CORPORATION is 47-0814669.
- Is PHELPS COUNTY DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1999.
- Are donations to PHELPS COUNTY DEVELOPMENT CORPORATION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does PHELPS COUNTY 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 PHELPS COUNTY DEVELOPMENT CORPORATION 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 PHELPS COUNTY DEVELOPMENT CORPORATION 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 PHELPS COUNTY DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2025 names JARED ENGELBERT.
- Who are the officers and directors of PHELPS COUNTY DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2025 lists 14 people; 2 received compensation from the organization, the highest $153,908 (RON TILLERY, EXECUTIVE DI).
- How much revenue does PHELPS COUNTY DEVELOPMENT CORPORATION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $1,323,377, expenses of $818,020 and total assets of $5,905,499 at year end.
Other nonprofits in HOLDREGE
- SOUTH CENTRAL ECONOMIC DEVELOPMENT DISTRICT INC EIN 90-0187120 · last filed 990 for 2025
- PHELPS COUNTY AMBASSADORS INC EIN 39-3591253 · last filed 990-N for 2025
- NEBRASKA REGIONAL OFFICIALS COUNCIL INC EIN 80-0519914 · last filed 990-N for 2025
- PHELPS MEMORIAL HEALTH CENTER EIN 47-0481628 · last filed 990 for 2024
- CHRISTIAN HOMES INC EIN 47-0378776 · last filed 990 for 2025
- HOLDREGE MEMORIAL HOMES INC EIN 47-0424939 · last filed 990 for 2025
- YOUNG MENS CHRISTIAN ASSOCIATION OF THE PRAIRIE EIN 47-0807617 · last filed 990 for 2025
- PHELPS COUNTY COMMUNITY FOUNDATION INC EIN 51-0189077 · last filed 990 for 2025
All nonprofits in HOLDREGE · Nebraska · Community improvement and capacity building