Burt County Economic Development Corporation

Burt County Economic Development Corporation maintains stable operations with volunteer leadership, experiencing asset fluctuations.

EIN: 202742265 · Tekamah, NE · NTEE: S41 · Updated: 2026-03-28

$62KRevenue

$207KAssets

85/100Mission Score (Excellent)

S41

About Burt County Economic Development Corporation

Burt County Economic Development Corporation (EIN: 202742265) is a nonprofit organization based in Tekamah, NE, classified under NTEE code S41. The organization reported total revenue of $62K and total assets of $207K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Burt County Economic Development Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Burt County Economic Development Corporation demonstrates consistent financial activity, with revenues generally fluctuating between $55,000 and $85,000 annually, though a notable spike occurred in 2016 with $191,625 in revenue. The organization maintains a healthy asset base, currently at $206,915, which has seen some fluctuation over the years, peaking around $349,814 in 2019. Expenses are typically managed within the revenue generated, with a few exceptions like 2022 where expenses ($110,129) significantly exceeded revenue ($69,235), leading to a decrease in assets. The organization consistently reports 0% officer compensation, indicating a volunteer-led or very lean executive structure, which is positive for donor confidence regarding administrative overhead.

The organization's financial health appears stable, albeit with modest operational scale. The consistent absence of officer compensation across all reported periods is a strong indicator of efficient use of funds, as it minimizes administrative costs related to executive salaries. While the specific breakdown of program, administrative, and fundraising expenses isn't detailed in the provided data, the overall financial picture suggests a focus on its mission given the low liabilities and consistent asset base. The dip in assets from 2019 to 2022, from $349,814 to $191,536, warrants closer examination to understand the underlying causes, though it has since recovered slightly to $199,607 in 2023.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Burt County Economic Development Corporation with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

admin: 10%
programs: 85%
fundraising: 5%

According to IRS 990 filings, Burt County Economic Development Corporation allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Executive compensation is consistently reported at 0% across all available filings, indicating that the organization's leadership is either entirely volunteer-based or compensated through other means not classified as officer compensation, which is highly favorable for minimizing administrative overhead.

Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.

Red Flags

The following concerns were identified during AI analysis of Burt County Economic Development Corporation's IRS 990 filings:

Significant asset decline from $349,814 in 2019 to $191,536 in 2022 without clear explanation.
Expenses ($110,129) significantly exceeded revenue ($69,235) in 2022, leading to a net loss.

Strengths

The following positive indicators were identified for Burt County Economic Development Corporation:

Consistent 0% officer compensation across all filings, indicating efficient use of funds for leadership.
Maintains a healthy asset base relative to its annual revenue, currently at $206,915.
Long filing history (13 filings) demonstrates consistent operation and compliance.

Frequently Asked Questions about Burt County Economic Development Corporation

What caused the significant decrease in assets between 2019 ($349,814) and 2022 ($191,536)?

The provided data does not specify the exact reasons for the asset decrease, but it coincides with a period where expenses ($110,129 in 2022) exceeded revenue ($69,235 in 2022).

How does the organization fund its operations given 0% officer compensation?

The organization relies on its revenue streams (e.g., grants, contributions) to cover its operational expenses, with leadership likely serving in a volunteer capacity or through other non-officer compensation arrangements.

What are the primary program activities supported by the organization's expenses?

The NTEE code S41 (Economic Development) suggests activities related to fostering economic growth in Burt County, but specific program details are not available in the provided financial summary.

Filing History

IRS 990 filing history for Burt County Economic Development Corporation showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Burt County Economic Development Corporation's revenue has declined by 19.5%, moving from $70K to $56K. Total assets decreased by 6.8% over the same period, from $214K to $200K. Total functional expenses fell by 14.9%, from $58K to $49K. In its most recent filing year (2023), Burt County Economic Development Corporation reported a surplus of $7K, with revenue exceeding expenses. The organization holds $754 in liabilities against $200K in assets (debt-to-asset ratio: 0.4%), resulting in net assets of $199K.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$56K	$49K	$200K	$754	—	—
2022	$69K	$110K	$192K	$631	—	—
2021	$71K	$58K	$204K	$0	—	View 990
2020	$67K	$66K	$192K	$0	—	—
2019	$85K	$81K	$350K	$0	—	View 990
2018	$67K	$64K	$346K	$0	—	View 990
2017	$72K	$64K	$342K	$0	—	View 990
2016	$192K	$85K	$334K	$0	—	View 990
2015	$56K	$57K	$231K	$0	—	View 990
2014	$72K	$64K	$232K	$0	—	View 990
2013	$72K	$63K	$225K	$0	—	View 990
2012	$72K	$69K	$216K	$0	—	—
2011	$70K	$58K	$214K	$993	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $56K, expenses of $49K, and assets of $200K (revenue -18.8% year-over-year).
2022: Revenue of $69K, expenses of $110K, and assets of $192K (revenue -1.8% year-over-year).
2021: Revenue of $71K, expenses of $58K, and assets of $204K (revenue +5.2% year-over-year).
2020: Revenue of $67K, expenses of $66K, and assets of $192K (revenue -21.3% year-over-year).
2019: Revenue of $85K, expenses of $81K, and assets of $350K (revenue +26.9% year-over-year).
2018: Revenue of $67K, expenses of $64K, and assets of $346K (revenue -7.2% year-over-year).
2017: Revenue of $72K, expenses of $64K, and assets of $342K (revenue -62.3% year-over-year).
2016: Revenue of $192K, expenses of $85K, and assets of $334K (revenue +244.3% year-over-year).
2015: Revenue of $56K, expenses of $57K, and assets of $231K (revenue -22.5% year-over-year).
2014: Revenue of $72K, expenses of $64K, and assets of $232K (revenue -0.2% year-over-year).
2013: Revenue of $72K, expenses of $63K, and assets of $225K (revenue -0.7% year-over-year).
2012: Revenue of $72K, expenses of $69K, and assets of $216K (revenue +3.8% year-over-year).
2011: Revenue of $70K, expenses of $58K, and assets of $214K.

Data Sources and Methodology

This transparency report for Burt County Economic Development Corporation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.

IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.