Central Nebraska Economic Development Inc
Central Nebraska Economic Development Inc reports zero revenue and expenses in latest filing, holding over $1.6 million in assets.
EIN: 202470844 · Chambers, NE · NTEE: L20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Program Spending | 90% |
| CEO/Top Officer Pay | $1.6 |
| Net Assets | $1.7M |
| Transparency Score | 65/100 |
Is Central Nebraska Economic Development Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Central Nebraska Economic Development Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Central Nebraska Economic Development Inc
Central Nebraska Economic Development Inc (EIN: 202470844) is a nonprofit organization based in Chambers, NE, classified under NTEE code L20. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Central Nebraska Economic Development Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Central Nebraska Economic Development Inc is a micro nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2011–2023).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -100.0% | -100.0% | +0.0% |
| 2022 | -55.2% | -4.0% | +4.4% |
| 2021 | +180.6% | +106.1% | +53.6% |
| 2020 | -71.3% | -82.1% | +17.3% |
| 2019 | +479.9% | +418.2% | +3.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Central Nebraska Economic Development Inc with a Mission Score of 65 out of 100 (Good). 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: 90%
- fundraising: 0%
According to IRS 990 filings, Central Nebraska Economic Development Inc allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all available filings, indicating that the organization's leadership is either entirely volunteer-based or compensated through other means not reported as officer compensation, which is highly unusual for an organization with over $1.6 million in assets.
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 Central Nebraska Economic Development Inc's IRS 990 filings:
- Sudden drop to $0 revenue and expenses in the latest filing (202306) while holding significant assets ($1,691,011).
- Consistent 0% officer compensation across all filings, which is unusual for an organization with substantial assets and fluctuating operational budgets.
- Lack of detailed program spending information in the provided summary, making it difficult to assess true program efficiency.
Strengths
The following positive indicators were identified for Central Nebraska Economic Development Inc:
- Consistent filing of IRS 990s, indicating a commitment to regulatory transparency.
- Maintained a substantial asset base, reaching over $1.6 million, which could provide stability for future operations.
- Zero reported officer compensation suggests a lean administrative structure, potentially maximizing funds for mission-related activities if programs are active.
Frequently Asked Questions about Central Nebraska Economic Development Inc
Is Central Nebraska Economic Development Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Central Nebraska Economic Development Inc (EIN: 202470844) some concerns. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.
How does Central Nebraska Economic Development Inc spend its money?
Central Nebraska Economic Development Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Central Nebraska Economic Development Inc tax-deductible?
Central Nebraska Economic Development Inc is registered as a tax-exempt nonprofit (EIN: 202470844). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Central Nebraska Economic Development Inc CEO make?
Central Nebraska Economic Development Inc's highest-compensated officer earns $1.6 annually. Executive compensation data is disclosed in IRS 990 filings.
How does Central Nebraska Economic Development Inc compare to similar nonprofits?
With a transparency score of 65/100 (Good), Central Nebraska Economic Development Inc is above average for NTEE category L20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Central Nebraska Economic Development Inc located?
Central Nebraska Economic Development Inc is headquartered in Chambers, Nebraska and files with the IRS under EIN 202470844. It is classified under NTEE code L20.
How many years of IRS 990 filings does Central Nebraska Economic Development Inc have?
Central Nebraska Economic Development Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends.
Why did Central Nebraska Economic Development Inc report $0 revenue and $0 expenses in its 2023 filing?
The latest IRS 990 filing for the period 202306 shows $0 revenue and $0 expenses, which is a significant departure from previous years where revenue ranged from $197,294 to $1,144,078. This could indicate a temporary cessation of activities, a change in reporting, or a period of dormancy, despite maintaining over $1.6 million in assets.
How does Central Nebraska Economic Development Inc sustain its operations with no reported officer compensation?
All available IRS 990 filings consistently report 0% officer compensation. This suggests the organization is either entirely volunteer-run at the executive level or that compensation is structured in a way that is not reported under this category, which is uncommon for an organization managing significant assets.
What are the specific programs Central Nebraska Economic Development Inc funds, given its NTEE code L20 (Economic Development)?
While the NTEE code L20 indicates a focus on economic development, the provided data does not offer specific details on the programs or initiatives undertaken by Central Nebraska Economic Development Inc. Further investigation into their public statements or detailed financial schedules would be needed.
Filing History
IRS 990 filing history for Central Nebraska Economic Development Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Central Nebraska Economic Development Inc's revenue has declined by 100%, moving from $898K to $0. Total assets increased by 117% over the same period, from $779K to $1.7M. Total functional expenses fell by 100%, from $764K to $0.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $0 | $0 | $1.7M | $0 | — | — |
| 2022 | $412K | $340K | $1.7M | $0 | — | View 990 |
| 2021 | $920K | $354K | $1.6M | $325 | — | View 990 |
| 2020 | $328K | $172K | $1.1M | $325 | — | View 990 |
| 2019 | $1.1M | $960K | $899K | $675 | — | View 990 |
| 2018 | $197K | $185K | $867K | $325 | — | View 990 |
| 2017 | $273K | $321K | $855K | $325 | — | View 990 |
| 2016 | $462K | $413K | $902K | $600 | — | View 990 |
| 2015 | $452K | $489K | $953K | $101K | — | View 990 |
| 2014 | $707K | $396K | $912K | $22K | — | View 990 |
| 2013 | $311K | $316K | $579K | $325 | — | View 990 |
| 2012 | $279K | $231K | $826K | $0 | — | View 990 |
| 2011 | $898K | $764K | $779K | $1K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $0, expenses of $0, and assets of $1.7M (revenue -100.0% year-over-year).
- 2022: Revenue of $412K, expenses of $340K, and assets of $1.7M (revenue -55.2% year-over-year).
- 2021: Revenue of $920K, expenses of $354K, and assets of $1.6M (revenue +180.6% year-over-year).
- 2020: Revenue of $328K, expenses of $172K, and assets of $1.1M (revenue -71.3% year-over-year).
- 2019: Revenue of $1.1M, expenses of $960K, and assets of $899K (revenue +479.9% year-over-year).
- 2018: Revenue of $197K, expenses of $185K, and assets of $867K (revenue -27.8% year-over-year).
- 2017: Revenue of $273K, expenses of $321K, and assets of $855K (revenue -40.8% year-over-year).
- 2016: Revenue of $462K, expenses of $413K, and assets of $902K (revenue +2.3% year-over-year).
- 2015: Revenue of $452K, expenses of $489K, and assets of $953K (revenue -36.2% year-over-year).
- 2014: Revenue of $707K, expenses of $396K, and assets of $912K (revenue +127.4% year-over-year).
- 2013: Revenue of $311K, expenses of $316K, and assets of $579K (revenue +11.4% year-over-year).
- 2012: Revenue of $279K, expenses of $231K, and assets of $826K (revenue -68.9% year-over-year).
- 2011: Revenue of $898K, expenses of $764K, and assets of $779K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Central Nebraska Economic Development Inc:
Data Sources and Methodology
This transparency report for Central Nebraska Economic Development Inc 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.