Overview
What is Niobrara Valley Development Corp?
Niobrara Valley Development Corp is a nonprofit organization based in Lynch, Nebraska. With a focus on Boyd County and its surrounding communities, their mission is to foster economic growth, improve general health, and promote business development. They aim to facilitate the operation of a hospital equipped with medical services, contributing to the overall well-being and vitality of the region. Their activities are geared towards bettering the environment and assisting in the expansion of local businesses.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star rating, 73%)
Niobrara Valley Development Corp has received a two-star rating from Charity Navigator, indicating that while the organization has certain strong aspects, it also has areas that require attention. The high Accountability and Finance score of 100% reflects the organization’s strong commitment to transparency and effective financial management. Additionally, the organization has an independent board that is fully compliant, which enhances its governance practices.
The Program Expense Ratio is impressive at 99.28%, suggesting that the vast majority of its expenses are directed towards its programs, rather than administrative costs. This is a positive indicator of the organization's efficiency in utilizing its funds for its intended purposes. However, despite these strengths, the overall rating signals that improvements are necessary to elevate the organization's performance and public perception.
While specific limitations are not detailed in the available data, the two-star rating implies that stakeholders may want to seek further information about areas where the organization can enhance its operations or impact. Overall, Niobrara Valley Development Corp demonstrates a solid commitment to governance and program funding, but continued improvements could bolster its effectiveness and reputation within the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Niobrara Valley Development Corp legitimate?
Niobrara Valley Development Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Niobrara Valley Development Corp 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:
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Other Salaries and Wages: $0
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What is the mission statement of Niobrara Valley Development Corp?
The Niobrara Valley Development Corp is committed to fostering economic growth and enhancing the general well-being of surrounding communities, including Boyd County, Nebraska. Their mission encompasses promoting and assisting in the development of businesses, striving to improve the local economy. Additionally, they aim to facilitate the operation of a hospital equipped with medical services, thereby contributing to the health of the community. In essence, the corporation's role is to stimulate economic development and improve the overall health of the community, while also supporting the operation of a healthcare facility.
What is the revenue of Niobrara Valley Development Corp?
Niobrara Valley Development Corp's revenue in 2024 was $74,509.
Who are the executives of Niobrara Valley Development Corp and what are their salaries?
Here are 9 key members and their salaries:
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Where can I find the form 990 for Niobrara Valley Development Corp?
Niobrara Valley Development Corp's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of Niobrara Valley Development Corp
Niobrara Valley Development Corp is committed to advancing the economic development and overall well-being of Boyd County, NE, and its surrounding communities. The organization's mission is twofold: firstly, it aims to promote and assist in the growth and development of various business concerns. Secondly, Niobrara Valley Development Corp strives to facilitate the operation of a hospital equipped with medical facilities. By pursuing these objectives, the corporation seeks to enhance the general health of the communities it serves. In essence, Niobrara Valley Development Corp plays a vital role in fostering economic growth and improving healthcare services in the region.
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Impact
August, 2024
Niobrara Valley Development Corp, acting to further the economic development and general health of Boyd County, NE, and the surrounding communities, has made a significant impact on the region. By promoting and assisting in the growth and development of local businesses, as well as facilitating the operation of a hospital with medical services, this organization has played a crucial role in enhancing the overall well-being of the community. Through its efforts in community improvement, Niobrara Valley Development Corp has positively contributed to the economic vitality and healthcare services available in Boyd County and its neighboring areas.
This information is meant to be a general summary of Niobrara Valley Development Corp. 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 2024.
- Investment Income: $14,909
- Program Service Revenue: $59,600
- Gross Receipts: $74,509
Assets and Liabilities:
- Total Assets: $891,571
- Total Liabilities: $0
- Net Assets: $891,571
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CLINIC/HOSPITAL
Revenue
$59,600
Organization Details
Founding Year
1971
Principal Officer
Perry Dekay
NTEE Category
Code: S30Z - Community improvement
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