NEVADA ECONOMIC DEVELOPMENT COUNCIL INC: Form 990, tax year 2019

View the entire original 990 at ProPublica ↗

Organization
NEVADA ECONOMIC DEVELOPMENT COUNCIL INC (EIN 42-1387014)
Tax period
2019-07-01 to 2020-06-30
Filed
2020-12-21
IRS object ID
202023569349300307
Schema version
2019v5.0
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)
Return2020-12-21T10:28:50-06:00ReturnTs
Tax Period End2020-06-30TaxPeriodEndDt

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 Begin2019-07-01TaxPeriodBeginDt

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)
PersonSARA CLAUSENPersonNm
Person TitlePRESIDENTPersonTitleTxt
Phone5153826538PhoneNum
Signature2020-08-19SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonJON AUGUSTUSPreparerPersonNm
PTINP00720191PTIN
Phone5153825481PhoneNum
Preparation2020-11-30PreparationDt

Filing Security Information FilingSecurityInformation

IP Address IPAddress

FieldValueIRS element (for citing)
I Pv4 Address192.119.212.218IPv4AddressTxt
FieldValueIRS element (for citing)
IP2020-12-21IPDt
IP Tm10:28:50IPTm
IP TimezoneCSIPTimezoneCd
Filing License TypePFilingLicenseTypeCd
At Submission Creation Device Id4CA26C6E8D1E722D088ABEEB68E5E0907D15E926AtSubmissionCreationDeviceId
At Submission Filing Device Id0B4FC3D5DB4EAA6BE1AF4CB7ACA11020BDE7E620AtSubmissionFilingDeviceId
FieldValueIRS element (for citing)
Tax2019TaxYr
Build TS2021-04-22 16:20:28ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerSARA CLAUSENPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line11110 6TH STREETAddressLine1Txt
CityNEVADACityNm
State AbbreviationIAStateAbbreviationCd
ZIP50201ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$163,068GrossReceiptsAmt
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 Body22VotingMembersGoverningBodyCnt
Voting Members Independent0VotingMembersIndependentCnt
Total Employee0TotalEmployeeCnt
Total Gross UBI$0TotalGrossUBIAmt
PY Contributions Grants$146,101PYContributionsGrantsAmt
CY Contributions Grants$157,755CYContributionsGrantsAmt
CY Program Service Revenue$0CYProgramServiceRevenueAmt
PY Investment Income$6,008PYInvestmentIncomeAmt
CY Investment Income$5,313CYInvestmentIncomeAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$152,109PYTotalRevenueAmt
CY Total Revenue$163,068CYTotalRevenueAmt
PY Grants And Similar Paid$1,500PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$1,000CYGrantsAndSimilarPaidAmt
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$137,460PYOtherExpensesAmt
CY Other Expenses$131,106CYOtherExpensesAmt
PY Total Expenses$138,960PYTotalExpensesAmt
CY Total Expenses$132,106CYTotalExpensesAmt
PY Revenues Less Expenses$13,149PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$30,962CYRevenuesLessExpensesAmt
Total Assets BOY$1,139,147TotalAssetsBOYAmt
Total Assets EOY$1,170,109TotalAssetsEOYAmt
Total Liabilities BOY$10,000TotalLiabilitiesBOYAmt
Total Liabilities EOY$10,000TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$1,129,147NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$1,160,109NetAssetsOrFundBalancesEOYAmt
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 LiabilitiesYes (true)ReportOtherLiabilitiesInd
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 Members22GoverningBodyVotingMembersCnt
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)
PersonSARA CLAUSENPersonNm
TitlePRESIDENTTitleTxt
Average Hours Per Week3.00AverageHoursPerWeekRt
Individual Trustee Or DirectorYes (X)IndividualTrusteeOrDirectorInd
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
Membership Dues$43,250MembershipDuesAmt
Government Grants$113,905GovernmentGrantsAmt
All Other Contributions$600AllOtherContributionsAmt
Total Contributions$157,755TotalContributionsAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$5,313TotalRevenueColumnAmt
Related Or Exempt Func Income$5,313RelatedOrExemptFuncIncomeAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$163,068TotalRevenueColumnAmt
Related Or Exempt Func Income$5,313RelatedOrExemptFuncIncomeAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$1,000TotalAmt
Program Services$1,000ProgramServicesAmt

Fees For Services Management FeesForServicesManagementGrp

FieldValueIRS element (for citing)
Total$95,000TotalAmt
Program Services$95,000ProgramServicesAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$9,198TotalAmt
Program Services$9,198ProgramServicesAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$2,815TotalAmt
Program Services$2,815ProgramServicesAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$2,400TotalAmt
Program Services$2,400ProgramServicesAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$4,354TotalAmt
Program Services$4,354ProgramServicesAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$1,123TotalAmt
Program Services$1,123ProgramServicesAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmt
RE TAX/ASSESSMENTS$8,458$8,458
PARK & EQUIPMENT MAINTENA$2,764$2,764
WEBSITE$2,578$2,578
EQUIPMENT RENTAL$2,272$2,272

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$144TotalAmt
Program Services$144ProgramServicesAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$132,106TotalAmt
Program Services$132,106ProgramServicesAmt
Management And General$0ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$168,518BOYAmt
EOY$194,512EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$407,820BOYAmt
EOY$412,788EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$562,809LandBldgEquipCostOrOtherBssAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

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

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$1,139,147BOYAmt
EOY$1,170,109EOYAmt

Other Liabilities OtherLiabilitiesGrp

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

Total Liabilities TotalLiabilitiesGrp

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

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$1,129,147BOYAmt
EOY$1,160,109EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$1,129,147BOYAmt
EOY$1,160,109EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$1,139,147BOYAmt
EOY$1,170,109EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$30,962ReconcilationRevenueExpnssAmt
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$562,809OtherCostOrOtherBasisAmt
Book Value$562,809BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$562,809TotalBookValueLandBuildingsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp

FieldValueIRS element (for citing)
DescDEPOSIT ON FUTURE LAND SALEDesc
Amt$10,000Amt
FieldValueIRS element (for citing)
Total Liability$10,000TotalLiabilityAmt

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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