NEVADA ECONOMIC DEVELOPMENT COUNCIL INC: Form 990, tax year 2020

View the entire original 990 at ProPublica ↗

Organization
NEVADA ECONOMIC DEVELOPMENT COUNCIL INC (EIN 42-1387014)
Tax period
2020-07-01 to 2021-06-30
Filed
2022-01-21
IRS object ID
202200219349300820
Schema version
2020v4.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2022-01-21T16:44:48-06:00ReturnTs
Tax Period End2021-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN200261982PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1ALLEN L KOCKLER COBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line11110 6TH STAddressLine1Txt
CityNEVADACityNm
State AbbreviationIAStateAbbreviationCd
ZIP50201ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2020-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN421387014EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1NEVADA ECONOMIC DEVELOPMENT COUNCILBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlNEVABusinessNameControlTxt
Phone5153826538PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line11110 6TH STREETAddressLine1Txt
CityNEVADACityNm
State AbbreviationIAStateAbbreviationCd
ZIP50201ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonMICHELLE CASSABAUMPersonNm
Person TitlePRESIDENTPersonTitleTxt
Phone5153826538PhoneNum
Signature2022-01-17SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstMICHELLEPersonFirstNm
Person LastCASSABAUMPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonJON AUGUSTUSPreparerPersonNm
PTINP00720191PTIN
Phone5153825481PhoneNum
Preparation2022-01-17PreparationDt
FieldValueIRS element (for citing)
Tax2020TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerMICHELLE CASSABAUMPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line11110 6TH STREETAddressLine1Txt
CityNEVADACityNm
State AbbreviationIAStateAbbreviationCd
ZIP50201ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$430,437GrossReceiptsAmt
Group Return For AffiliatesfalseGroupReturnForAffiliatesInd
Organization501cYes (X)Organization501cInd
Website AddressHTTP://WWW.NEVADAIOWAEDC.COM/WebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Legal Domicile StateIALegalDomicileStateCd
Activity Or MissionTHE NEDC HAS DEVELOPED 3 BUSINESS/INDUSTRIAL PARKS WHICH PROVIDE MORE THAN 1.8 MILLION IN PROPERTY TAXES TO THE CITY AND ALSO HAS PROVIDED AND RETAINED OVER 1,000 NEW JOBS IN THE NEVADA REGION.ActivityOrMissionDesc
Voting Members Governing Body31VotingMembersGoverningBodyCnt
Voting Members Independent0VotingMembersIndependentCnt
Total Employee0TotalEmployeeCnt
Total Gross UBI$0TotalGrossUBIAmt
PY Contributions Grants$157,755PYContributionsGrantsAmt
CY Contributions Grants$169,968CYContributionsGrantsAmt
CY Program Service Revenue$0CYProgramServiceRevenueAmt
PY Investment Income$5,313PYInvestmentIncomeAmt
CY Investment Income-$78,455CYInvestmentIncomeAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$163,068PYTotalRevenueAmt
CY Total Revenue$91,513CYTotalRevenueAmt
PY Grants And Similar Paid$1,000PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$2,750CYGrantsAndSimilarPaidAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
CY Salaries Comp Emp Bnft Paid$0CYSalariesCompEmpBnftPaidAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$131,106PYOtherExpensesAmt
CY Other Expenses$119,089CYOtherExpensesAmt
PY Total Expenses$132,106PYTotalExpensesAmt
CY Total Expenses$121,839CYTotalExpensesAmt
PY Revenues Less Expenses$30,962PYRevenuesLessExpensesAmt
CY Revenues Less Expenses-$30,326CYRevenuesLessExpensesAmt
Total Assets BOY$1,170,109TotalAssetsBOYAmt
Total Assets EOY$1,133,874TotalAssetsEOYAmt
Total Liabilities BOY$10,000TotalLiabilitiesBOYAmt
Total Liabilities EOY$4,091TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$1,160,109NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$1,129,783NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionTHE NEDC HAS DEVELOPED 3 BUSINESS/INDUSTRIAL PARKS WHICH PROVIDE MORE THAN 1.8 MILLION IN PROPERTY TAXES TO THE CITY AND ALSO HAS PROVIDED AND RETAINED OVER 1,000 NEW JOBS IN THE NEVADA REGION.MissionDesc
Significant New Program SrvcfalseSignificantNewProgramSrvcInd
Significant ChangefalseSignificantChangeInd
DescPROPERTY TAXES, REPAIRS/MAINTENANCE, ENGINEERING/SURVEYING, INSURANCE & MARKETING ON THE EAST AND WEST INDUSTRIAL/DEVELOPMENT BUSINESS PARKSDesc

Prog Srvc Accom Acty Other ProgSrvcAccomActyOtherGrp

FieldValueIRS element (for citing)
DescPROPERTY TAXES, REPAIRS/MAINTENANCE, ENGINEERING/SURVEYING, INSURANCE & MARKETING ON THE EAST AND WEST INDUSTRIAL/DEVELOPMENT BUSINESS PARKSDesc
FieldValueIRS element (for citing)
Described In Section501c3falseDescribedInSection501c3Ind
Schedule B RequiredfalseScheduleBRequiredInd
Political Campaign ActyfalsePoliticalCampaignActyInd
Subject To Proxy TaxfalseSubjectToProxyTaxInd
Donor Advised FundfalseDonorAdvisedFundInd
Conservation EasementsfalseConservationEasementsInd
Collections Of ArtfalseCollectionsOfArtInd
Credit CounselingfalseCreditCounselingInd
Donor Rstr Or Quasi EndowmentsfalseDonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (true)ReportLandBuildingEquipmentInd
Report Investments Other SecfalseReportInvestmentsOtherSecInd
Report Program Related InvstfalseReportProgramRelatedInvstInd
Report Other AssetsfalseReportOtherAssetsInd
Report Other LiabilitiesfalseReportOtherLiabilitiesInd
Include FIN48 FootnotefalseIncludeFIN48FootnoteInd
Independent Audit Fincl StmtfalseIndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtfalseConsolidatedAuditFinclStmtInd
School OperatingfalseSchoolOperatingInd
Foreign OfficefalseForeignOfficeInd
Foreign ActivitiesfalseForeignActivitiesInd
More Than5000 K To OrgfalseMoreThan5000KToOrgInd
More Than5000 K To IndividualsfalseMoreThan5000KToIndividualsInd
Professional FundraisingfalseProfessionalFundraisingInd
Fundraising ActivitiesfalseFundraisingActivitiesInd
Gaming ActivitiesfalseGamingActivitiesInd
Operate HospitalfalseOperateHospitalInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Grants To IndividualsfalseGrantsToIndividualsInd
Schedule J RequiredfalseScheduleJRequiredInd
Tax Exempt BondsfalseTaxExemptBondsInd
Loan OutstandingfalseLoanOutstandingInd
Grant To Related PersonfalseGrantToRelatedPersonInd
Business Rln With Org MemfalseBusinessRlnWithOrgMemInd
Business Rln With Fam MemfalseBusinessRlnWithFamMemInd
Business Rln With35 Ctrl EntfalseBusinessRlnWith35CtrlEntInd
Deductible Non Cash ContrifalseDeductibleNonCashContriInd
Deductible Art ContributionfalseDeductibleArtContributionInd
Terminate OperationsfalseTerminateOperationsInd
Partial LiquidationfalsePartialLiquidationInd
Disregarded EntityfalseDisregardedEntityInd
Related EntityfalseRelatedEntityInd
Related Organization Ctrl EntfalseRelatedOrganizationCtrlEntInd
Activities Conducted PrtshpfalseActivitiesConductedPrtshpInd
Schedule O RequiredfalseScheduleORequiredInd
IRP Document0IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Employee0EmployeeCnt
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Foreign Financial AccountfalseForeignFinancialAccountInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Taxable Party NotificationfalseTaxablePartyNotificationInd
Nondeductible ContributionsfalseNondeductibleContributionsInd
Indoor Tanning ServicesfalseIndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst IncfalseSubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members31GoverningBodyVotingMembersCnt
Independent Voting Member0IndependentVotingMemberCnt
Family Or Business RlnfalseFamilyOrBusinessRlnInd
Delegation Of Mgmt DutiesfalseDelegationOfMgmtDutiesInd
Change To Org DocumentsfalseChangeToOrgDocumentsInd
Material Diversion Or MisusefalseMaterialDiversionOrMisuseInd
Members Or StockholdersfalseMembersOrStockholdersInd
Election Of Board MembersfalseElectionOfBoardMembersInd
Decisions Subject To ApprovafalseDecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (true)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (true)MinutesOfCommitteesInd
Officer Mailing AddressfalseOfficerMailingAddressInd
Local ChaptersfalseLocalChaptersInd
Form990 Provided To Gvrn BodyfalseForm990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyfalseConflictOfInterestPolicyInd
Whistleblower PolicyfalseWhistleblowerPolicyInd
Document Retention PolicyfalseDocumentRetentionPolicyInd
Compensation Process CEOYes (true)CompensationProcessCEOInd
Compensation Process OtherfalseCompensationProcessOtherInd
Investment In Joint VenturefalseInvestmentInJointVentureInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1ALLEN L KOCKLER COBusinessNameLine1Txt
Business Name Line2ALLEN L KOCKLER COBusinessNameLine2Txt
FieldValueIRS element (for citing)
Phone5153825481PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line11110 6TH STREETAddressLine1Txt
Address Line21110 6TH STREETAddressLine2Txt
CityNEVADACityNm
State AbbreviationIAStateAbbreviationCd
ZIP50201ZIPCd
FieldValueIRS element (for citing)
No Listed Persons CompensatedYes (X)NoListedPersonsCompensatedInd

Form990 Part VII Section A Form990PartVIISectionAGrp

FieldValueIRS element (for citing)
PersonMICHELLE CASSABAUMPersonNm
TitlePRESIDENTTitleTxt
Average Hours Per Week4.00AverageHoursPerWeekRt
OfficerYes (X)OfficerInd
Reportable Comp From Org$0ReportableCompFromOrgAmt
Reportable Comp From Rltd Org$0ReportableCompFromRltdOrgAmt
Other Compensation$0OtherCompensationAmt
FieldValueIRS element (for citing)
Former Ofcr Employees ListedfalseFormerOfcrEmployeesListedInd
Total Comp Greater Than150 KfalseTotalCompGreaterThan150KInd
Compensation From Other SrcsfalseCompensationFromOtherSrcsInd
All Other Contributions$169,968AllOtherContributionsAmt
Total Contributions$169,968TotalContributionsAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$4,043TotalRevenueColumnAmt
Related Or Exempt Func Income$4,043RelatedOrExemptFuncIncomeAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Other$256,426OtherAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Other$338,924OtherAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Other-$82,498OtherAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column-$82,498TotalRevenueColumnAmt
Related Or Exempt Func Income-$82,498RelatedOrExemptFuncIncomeAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$91,513TotalRevenueColumnAmt
Related Or Exempt Func Income-$78,455RelatedOrExemptFuncIncomeAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$2,750TotalAmt
Program Services$2,750ProgramServicesAmt

Fees For Services Management FeesForServicesManagementGrp

FieldValueIRS element (for citing)
Total$87,083TotalAmt
Program Services$87,083ProgramServicesAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$7,400TotalAmt
Program Services$7,400ProgramServicesAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$824TotalAmt
Program Services$824ProgramServicesAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$2,228TotalAmt
Program Services$2,228ProgramServicesAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$2,629TotalAmt
Program Services$2,629ProgramServicesAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$7,031TotalAmt
Program Services$7,031ProgramServicesAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$2,427TotalAmt
Program Services$2,427ProgramServicesAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmt
RE TAX/ASSESSMENTS$4,067$4,067
WEBSITE$2,841$2,841
PARK & EQUIPMENT MAINTENA$1,401$1,401
EQUIPMENT RENTAL$765$765

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$393TotalAmt
Program Services$393ProgramServicesAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$121,839TotalAmt
Program Services$121,839ProgramServicesAmt
Management And General$0ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$194,512BOYAmt
EOY$493,303EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$412,788BOYAmt
EOY$416,686EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$223,885LandBldgEquipCostOrOtherBssAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$562,809BOYAmt
EOY$223,885EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$1,170,109BOYAmt
EOY$1,133,874EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
EOY$4,091EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$10,000BOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$10,000BOYAmt
EOY$4,091EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$1,160,109BOYAmt
EOY$1,129,783EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$1,160,109BOYAmt
EOY$1,129,783EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$1,170,109BOYAmt
EOY$1,133,874EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss-$30,326ReconcilationRevenueExpnssAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd
Accountant Compile Or ReviewfalseAccountantCompileOrReviewInd
FS AuditedfalseFSAuditedInd

Schedule D IRS990ScheduleD

Land LandGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$223,885OtherCostOrOtherBasisAmt
Book Value$223,885BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$223,885TotalBookValueLandBuildingsAmt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (5 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PAGE 2, PART III, LINE 4DPROPERTY TAXES, REPAIRS/MAINTENANCE, ENGINEERING/SURVEYING, INSURANCE & MARKETING ON THE EAST AND WEST INDUSTRIAL/DEVELOPMENT BUSINESS PARKS
FORM 990, PART VINOTE: IN MARCH, 2018, OUR EXECUTIVE DIRECTOR RETIRED. THE BOARD OF DIRECTORS, INSTEAD OF HIRING AN IN HOUSE EXEC DIRECTOR FORMED AN ALLIANCE WITH THE AMES ECONOMIC DEVELOPMENT COUNCIL. WE ARE NOW PAYING THE AEDC A CONTRACT PRICE FOR THEIR SERVICES.
FORM 990, PAGE 6, PART VI, LINE 11BA REVIEW IS CONDUCTED EACH YEAR ALONG WITH THE CITY OF NEVADA, IOWA, STATE AUDIT PROCESS.
FORM 990, PAGE 6, PART VI, LINE 15ATHERE IS AN ANNUAL REVIEW FOR THE EXECUTIVE DIRECTOR BY THE BOARD OF DIRECTORS.
FORM 990, PAGE 6, PART VI, LINE 19NO DOCUMENTS AVAILABLE TO THE PUBLIC

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