Southeast Nebraska Development Inc
EIN: 462902632 · Lincoln, NE · NTEE: S11
| Metric | Value |
|---|---|
| Total Revenue | $688K |
| Total Expenses | $55K |
| Net Assets | $3.5M |
Is Southeast Nebraska Development Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Southeast Nebraska Development Inc
Southeast Nebraska Development Inc (EIN: 462902632) is a nonprofit organization based in Lincoln, NE, classified under NTEE code S11. The organization reported total revenue of $688K and total assets of $3.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Southeast Nebraska Development Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Southeast Nebraska Development Inc is a small nonprofit that has been operating for 3 years, with 4 years of IRS 990 filings on record (2019–2023). Revenue has grown at a compound annual rate of -30.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $374K |
| Total Expenses | $55K |
| Surplus / Deficit | +$319K |
| Total Assets | $3.5M |
| Total Liabilities | $12K |
| Net Assets | $3.5M |
| Operating Margin | 85.3% |
| Debt-to-Asset Ratio | 0.3% |
| Months of Reserves | 766.7 months |
Financial Health Grade: A
In 2023, Southeast Nebraska Development Inc reported a surplus of $319K with revenue exceeding expenses, holds 766.7 months of operating reserves (strong position), has a debt-to-asset ratio of 0.3% (very low leverage).
Financial Trends
Over 4 years of filings (2019–2023), Southeast Nebraska Development Inc's revenue has declined at a compound annual growth rate (CAGR) of -30.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -3.6% | +139.6% | +10.4% |
| 2022 | -29.4% | -36.9% | +5.1% |
| 2020 | -65.7% | +645.7% | +19.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2023 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Southeast Nebraska Development Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Southeast Nebraska Development Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $319K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.3%.
Frequently Asked Questions about Southeast Nebraska Development Inc
Is Southeast Nebraska Development Inc a legitimate charity?
Southeast Nebraska Development Inc (EIN: 462902632) is a registered tax-exempt nonprofit based in Nebraska. It has 4 years of IRS 990 filings on record. Total revenue: $688K. No red flags identified. Financial health grade: A.
How does Southeast Nebraska Development Inc spend its money?
Southeast Nebraska Development Inc reported $688K in total revenue in IRS 990 filings. 4 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Southeast Nebraska Development Inc tax-deductible?
Southeast Nebraska Development Inc is registered as a tax-exempt nonprofit (EIN: 462902632). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Southeast Nebraska Development Inc located?
Southeast Nebraska Development Inc is headquartered in Lincoln, Nebraska and files with the IRS under EIN 462902632. It is classified under NTEE code S11.
How many years of IRS 990 filings does Southeast Nebraska Development Inc have?
Southeast Nebraska Development Inc has 4 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $688K in total revenue.
Filing History
IRS 990 filing history for Southeast Nebraska Development Inc showing financial trends over 4 years of public records:
Over 4 years of IRS 990 filings (2019–2023), Southeast Nebraska Development Inc's revenue has declined by 76.6%, moving from $1.6M to $374K. Total assets increased by 38.8% over the same period, from $2.5M to $3.5M. Total functional expenses rose by 1027%, from $5K to $55K. In its most recent filing year (2023), Southeast Nebraska Development Inc reported a surplus of $319K, with revenue exceeding expenses. The organization holds $12K in liabilities against $3.5M in assets (debt-to-asset ratio: 0.3%), resulting in net assets of $3.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $374K | $55K | $3.5M | $12K | — | View 990 |
| 2022 | $388K | $23K | $3.2M | $0 | — | View 990 |
| 2020 | $549K | $36K | $3.0M | $229K | — | — |
| 2019 | $1.6M | $5K | $2.5M | $242K | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $374K, expenses of $55K, and assets of $3.5M (revenue -3.6% year-over-year).
- 2022: Revenue of $388K, expenses of $23K, and assets of $3.2M (revenue -29.4% year-over-year).
- 2020: Revenue of $549K, expenses of $36K, and assets of $3.0M (revenue -65.7% year-over-year).
- 2019: Revenue of $1.6M, expenses of $5K, and assets of $2.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Southeast Nebraska Development Inc:
Data Sources and Methodology
This transparency report for Southeast Nebraska 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.