Overview
What is Sherman County Economic Development Inc?
Sherman County Economic Development Inc is a nonprofit organization situated in Loup City, Nebraska. With a small team of one dedicated individual, their primary mission is to foster economic growth and development within Sherman County. They achieve this by administering various programs, such as a Revolving Loan Program and LB 840, which provide incentives to stimulate housing, business expansion, and population growth. By doing so, they aim to improve the overall community, benefiting approximately 3,200 residents.
Official website here: www.scedinc.org
Is Sherman County Economic Development Inc legitimate?
Sherman County Economic Development Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Sherman County Economic Development Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $55,154
For more financial information, click here
Official website here: www.scedinc.org
What is the mission statement of Sherman County Economic Development Inc?
The mission of Sherman County Economic Development Inc is centered around providing economic development opportunities within Sherman County, Nebraska. This mission aims to stimulate growth in various sectors, including housing and businesses, with the ultimate goal of increasing the county's population. The organization implements initiatives such as the administration of revolving loan programs and the LB 840 program, which are designed to enhance the community and ultimately benefit approximately 3,200 residents. By fostering economic development, Sherman County Economic Development Inc seeks to improve the overall well-being and prosperity of the community.
Official website here: www.scedinc.org
Who is the CEO of Sherman County Economic Development Inc?
Clayton Suckstorf is the President of Sherman County Economic Development Inc.
Official website here: www.scedinc.org
What is the revenue of Sherman County Economic Development Inc?
Sherman County Economic Development Inc's revenue in 2023 was $242,285.
Official website here: www.scedinc.org
Who are the executives of Sherman County Economic Development Inc and what are their salaries?
The average compensation at Sherman County Economic Development Inc during 2023 was $55,154. There is 1 employee and 5 volunteers at Sherman County Economic Development Inc.
Here are 6 key members and their salaries:
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Official website here: www.scedinc.org
Where can I find the form 990 for Sherman County Economic Development Inc?
Sherman County Economic Development Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.scedinc.org
Learn more at the official website: www.scedinc.org
Mission Statement of Sherman County Economic Development Inc
Sherman County Economic Development Inc is dedicated to fostering economic growth within Sherman County, Nebraska. Their mission is to enhance the local community by increasing housing opportunities, promoting business expansion, and boosting the population. To achieve these objectives, the organization administers two programs: the Revolving Loan Program and LB 840 Program. These initiatives provide economic development incentives, ultimately benefitting approximately 3,200 individuals in the area. By investing in these programs, Sherman County Economic Development Inc seeks to foster a thriving and prosperous community.
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Impact
October, 2024
Sherman County Economic Development Inc significantly enhances the economic landscape of Sherman County, Nebraska, through targeted initiatives aimed at boosting housing, fostering business growth, and increasing the local population. By administering programs such as the Revolving Loan Program and LB 840, the organization provides essential financial incentives that stimulate community improvement and encourage investment.
Approximately 3,200 residents benefit from the economic development opportunities created by these initiatives, which are designed to revitalize the community and stimulate sustainable growth. The focus on expanding housing options and supporting local businesses not only enhances the quality of life for residents but also attracts new inhabitants, thereby strengthening the overall economy of Sherman County. Through its efforts, Sherman County Economic Development Inc plays a pivotal role in shaping a prosperous future for the region.
This information is meant to be a general summary of Sherman County Economic Development Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: -$5,947
- Program Service Revenue: $58,450
- Gross Receipts: $255,732
Assets and Liabilities:
- Total Assets: $1,225,810
- Total Liabilities: $352,370
- Net Assets: $873,440
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SUNSET COTTAGES HOUSING
Revenue
$42,570
CARNEGIE BUILDING
Revenue
$10,230
SCS BUILDING
Revenue
$5,650
Organization Details
Founding Year
2012
Phone
(308) 745-5040Principal Officer
Clayton Suckstorf
Main Address
PO BOX 428, LOUP CITY, NE, 68853
Website
www.scedinc.orgNTEE Category
Code: S30 - Community improvement
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