Nonprofit · EIN 85-1196965
RALSTON ECONOMIC DEVELOPMENT CORP
Tax-exempt · RALSTON, NE 68127
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $531,813 | $167,696 | $364,117 | $4,114,617 | $2,250,000 | $1,864,617 |
| December 31, 2024 | 990 | $750,000 | $4,493 | $745,507 | $4,500,500 | $3,000,000 | $1,500,500 |
| December 31, 2023 | 990 | $755,000 | $7 | $754,993 | $4,504,993 | $3,750,000 | $754,993 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $431,655
- of which government grants
- $431,655
- Program service revenue
- $0
- Investment income
- $100,158
- Net gain from sales of assets
- $100,158
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Program services (functional)
- $167,696
Balance sheet and other
- Total assets, start of year
- $4,500,500
- Total assets, end of year
- $4,114,617
- Total liabilities, end of year
- $2,250,000
- Net assets, end of year
- $1,864,617
- Land, buildings and equipment
- $4,000,000
- Gross receipts
- $1,031,813
- Employees
- 0
- Year formed
- 2020
- 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 |
|---|---|---|---|
| THOMAS KJAR | PRESIDENT Trustee or director | 2 | $0 |
| BILL HASS | BOARD MEMBER Trustee or director | 0 | $0 |
| DONALD GROESSER | BOARD MEMBER Trustee or director | 2 | $0 |
| MARK KLINKER | BOARD MEMBER Trustee or director | 0 | $0 |
| BRIAN KAVANAUGH | BOARD MEMBER Trustee or director | 0 | $0 |
| KELSEY OSTENDORF | BOARD MEMBER Trustee or director | 0 | $0 |
| MIKE CRONIN | BOARD MEMBER Trustee or director | 0 | $0 |
| TIMOTHY BOHLING | TREASURER Officer | 2 | $0 |
| MAURA KELLY | SECRETARY Officer | 2 | $0 |
990 for the year ended December 31, 2024: 1 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TIMOTHY BOHLING | TREASURER Officer | 2 | $0 |
990 for the year ended December 31, 2023: 1 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TIMOTHY BOHLING | TREASURER Officer | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 7777 L ST, RALSTON, NE 68127-1809
- In care of
- % TIMOTHY BOHLING
- Principal officer (990 for 2025)
- TIMOTHY BOHLING, 5500 S 77TH ST, Omaha, NE 68122
- Signed the 990
- TIMOTHY BOHLING, TREASURER
- Return prepared by
- TIMOTHY H BOHLING CPA
Mission
OPERATED EXCLUSIVELY FOR THE ASSISTANCE TO THE LOCAL GOVERNMENT WITH ECONOMIC DEVELOPMENT, RESOURCE CONSERVATION, CREATING ECONOMIC OPPORTUNITIES BY PROVIDING GRANTS, CAPITAL, AND TECHNICAL ASSISTANCE TO PROMOTE COMMUNITY DEVELOPMENT
Program accomplishments
- PROMOTE ECONOMIC AND COMMUNITY DEVELOPMENT OPPORTUNITIESExpenses $167,696 · revenue $431,655
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
- 85-1196965
- 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
- 2022
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S30)
- Assets (IRS master file)
- $4,114,617
- Income (IRS master file)
- $1,031,813
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $531,813 | $167,696 | $4,114,617 | IRS |
| 990 | December 2024 | $750,000 | $4,493 | $4,500,500 | XML |
| 990 | December 2023 | $755,000 | $7 | $4,504,993 | XML |
| 990 | December 2022 | $0 | $0 | $0 | 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 85-1196965).
Questions about RALSTON ECONOMIC DEVELOPMENT CORP
- What is the EIN of RALSTON ECONOMIC DEVELOPMENT CORP?
- The employer identification number (EIN) of RALSTON ECONOMIC DEVELOPMENT CORP is 85-1196965.
- Is RALSTON ECONOMIC DEVELOPMENT CORP tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
- Are donations to RALSTON ECONOMIC DEVELOPMENT CORP tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does RALSTON ECONOMIC DEVELOPMENT CORP 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 RALSTON ECONOMIC DEVELOPMENT CORP 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 RALSTON ECONOMIC DEVELOPMENT CORP 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 RALSTON ECONOMIC DEVELOPMENT CORP?
- The 990 for the year ended December 31, 2025 names TIMOTHY BOHLING.
- Who are the officers and directors of RALSTON ECONOMIC DEVELOPMENT CORP?
- The 990 for the year ended December 31, 2025 lists 9 people; 0 received compensation from the organization.
- How much revenue does RALSTON ECONOMIC DEVELOPMENT CORP have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $531,813, expenses of $167,696 and total assets of $4,114,617 at year end.
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