NEVADA ECONOMIC DEVELOPMENT COUNCIL INC: Form 990, tax year 2016

View the entire original 990 at ProPublica ↗

Organization
NEVADA ECONOMIC DEVELOPMENT COUNCIL INC (EIN 42-1387014)
Tax period
2016-07-01 to 2017-06-30
Filed
2017-07-28
IRS object ID
201712099349301401
Schema version
2016v3.0
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)
Return2017-07-28T15:25:04-05:00ReturnTs
Tax Period End2017-06-30TaxPeriodEndDt

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 Begin2016-07-01TaxPeriodBeginDt

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 Line1516 K AVEAddressLine1Txt
CityNEVADACityNm
State AbbreviationIAStateAbbreviationCd
ZIP50201ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonPATRICK SHEETSPersonNm
Person TitlePRESIDENTPersonTitleTxt
Phone5153826538PhoneNum
Signature2017-07-28SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonALLEN L KOCKLERPreparerPersonNm
PTINP00026219PTIN
Phone5153825481PhoneNum
Preparation2017-07-28PreparationDt

Filing Security Information FilingSecurityInformation

FieldValueIRS element (for citing)
At Submission Creation Device IdAF67D63A12B1240A6DBA076A885C1E66FA7A2C5BAtSubmissionCreationDeviceId
At Submission Filing Device IdD095B7EFE19DB4C0DD60C549AFBE04C9ED1EBB60AtSubmissionFilingDeviceId
FieldValueIRS element (for citing)
Tax2016TaxYr
Build TS2021-01-29 14:40:06ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerPATRICK SHEETSPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1516 K AVEAddressLine1Txt
CityNEVADACityNm
State AbbreviationIAStateAbbreviationCd
ZIP50201ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$140,730GrossReceiptsAmt
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 Body16VotingMembersGoverningBodyCnt
Voting Members Independent0VotingMembersIndependentCnt
Total Employee2TotalEmployeeCnt
Total Gross UBI$0TotalGrossUBIAmt
PY Contributions Grants$252,321PYContributionsGrantsAmt
CY Contributions Grants$138,661CYContributionsGrantsAmt
CY Program Service Revenue$0CYProgramServiceRevenueAmt
PY Investment Income$410PYInvestmentIncomeAmt
CY Investment Income$2,069CYInvestmentIncomeAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$252,731PYTotalRevenueAmt
CY Total Revenue$140,730CYTotalRevenueAmt
PY Grants And Similar Paid$1,420PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$3,360CYGrantsAndSimilarPaidAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$99,276PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$103,798CYSalariesCompEmpBnftPaidAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$49,846PYOtherExpensesAmt
CY Other Expenses$42,587CYOtherExpensesAmt
PY Total Expenses$150,542PYTotalExpensesAmt
CY Total Expenses$149,745CYTotalExpensesAmt
PY Revenues Less Expenses$102,189PYRevenuesLessExpensesAmt
CY Revenues Less Expenses-$9,015CYRevenuesLessExpensesAmt
Total Assets BOY$1,166,306TotalAssetsBOYAmt
Total Assets EOY$1,156,350TotalAssetsEOYAmt
Total Liabilities BOY$14,302TotalLiabilitiesBOYAmt
Total Liabilities EOY$13,361TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$1,152,004NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$1,142,989NetAssetsOrFundBalancesEOYAmt
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)
Expense$149,745ExpenseAmt
Grant$3,360GrantAmt
DescPROPERTY TAXES, REPAIRS/MAINTENANCE, ENGINEERING/SURVEYING, INSURANCE & MARKETING ON THE EAST AND WEST INDUSTRIAL/DEVELOPMENT BUSINESS PARKSDesc
FieldValueIRS element (for citing)
Total Other Prog Srvc Expense$149,745TotalOtherProgSrvcExpenseAmt
Total Other Prog Srvc Grant$3,360TotalOtherProgSrvcGrantAmt
Total Program Service Expenses$149,745TotalProgramServiceExpensesAmt
Described In Section501c3falseDescribedInSection501c3Ind
Schedule B RequiredfalseScheduleBRequiredInd
Political Campaign ActyfalsePoliticalCampaignActyInd
Subject To Proxy TaxfalseSubjectToProxyTaxInd
Donor Advised FundfalseDonorAdvisedFundInd
Conservation EasementsfalseConservationEasementsInd
Collections Of ArtfalseCollectionsOfArtInd
Credit CounselingfalseCreditCounselingInd
Temp Or Permanent EndowmentsfalseTempOrPermanentEndowmentsInd
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 With Officer EntfalseBusinessRlnWithOfficerEntInd
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
Employee2EmployeeCnt
Employment Tax Returns FiledfalseEmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Foreign Financial AccountfalseForeignFinancialAccountInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Taxable Party NotificationfalseTaxablePartyNotificationInd
Nondeductible ContributionsfalseNondeductibleContributionsInd
Indoor Tanning ServicesfalseIndoorTanningServicesInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members16GoverningBodyVotingMembersCnt
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)
PersonPATRICK SHEETSPersonNm
TitlePRESIDENTTitleTxt
Average Hours Per Week1.00AverageHoursPerWeekRt
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$51,635MembershipDuesAmt
Government Grants$87,026GovernmentGrantsAmt
Total Contributions$138,661TotalContributionsAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$2,069TotalRevenueColumnAmt
Related Or Exempt Func Income$2,069RelatedOrExemptFuncIncomeAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$140,730TotalRevenueColumnAmt
Related Or Exempt Func Income$2,069RelatedOrExemptFuncIncomeAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$3,360TotalAmt
Program Services$3,360ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$93,240TotalAmt
Program Services$93,240ProgramServicesAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$541TotalAmt
Program Services$541ProgramServicesAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$2,794TotalAmt
Program Services$2,794ProgramServicesAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$7,223TotalAmt
Program Services$7,223ProgramServicesAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$5TotalAmt
Program Services$5ProgramServicesAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$3,418TotalAmt
Program Services$3,418ProgramServicesAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$500TotalAmt
Program Services$500ProgramServicesAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$7,672TotalAmt
Program Services$7,672ProgramServicesAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$1,216TotalAmt
Program Services$1,216ProgramServicesAmt

Occupancy OccupancyGrp

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

Travel TravelGrp

FieldValueIRS element (for citing)
Total$6,215TotalAmt
Program Services$6,215ProgramServicesAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$2,510TotalAmt
Program Services$2,510ProgramServicesAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$2,279TotalAmt
Program Services$2,279ProgramServicesAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmt
REAL ESTATE TAXES$8,218$8,218
MEMBERSHIPS/SUBSCRIPTIONS$4,457$4,457
PARK & EQUIP MAINTENANCE$3,293$3,293
LICENSES & PERMITS$404$404

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$149,745TotalAmt
Program Services$149,745ProgramServicesAmt
Management And General$0ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$603,497BOYAmt
EOY$593,541EOYAmt
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$1,166,306BOYAmt
EOY$1,156,350EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$14,302BOYAmt
EOY$13,361EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$14,302BOYAmt
EOY$13,361EOYAmt
FieldValueIRS element (for citing)
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind

Unrestricted Net Assets UnrestrictedNetAssetsGrp

FieldValueIRS element (for citing)
BOY$1,152,004BOYAmt
EOY$1,142,989EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$1,152,004BOYAmt
EOY$1,142,989EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$1,166,306BOYAmt
EOY$1,156,350EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss-$9,015ReconcilationRevenueExpnssAmt
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 (5 entries)

DescDescAmtAmt
DEPOSIT ON FUTURE LAND SALE$10,000
FICA PAYABLE$1,189
FEDERAL WITHHOLDING PAYABLE$1,120
STATE WITHHOLDING PAYABLE$1,050
IRA PAYABLE$2
FieldValueIRS element (for citing)
Total Liability$13,361TotalLiabilityAmt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (4 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, PAGE 6, PART VI, LINE 11BNO REVIEW WAS OR WILL BE CONDUCTED.
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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