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City Of Gering Leasing Corporation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 470733881 ✦ Gering, NE ✦ Designated as a 501(c)(3)

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Overview

What is City Of Gering Leasing Corporation?

City of Gering Leasing Corporation is a nonprofit entity based in Gering, Nebraska, with a specific focus on leasing facilities to the city. The organization's primary activities include managing expenses related to the Gering Baseball Park, renting the Gering Civic Center, and overseeing the expansion of the Gering Golf Course within the city limits of Gering, Nebraska. To achieve these goals, City of Gering Leasing Corporation enters into capital lease arrangements with the city, serving as a crucial intermediary in these financial agreements.


Official website here: www.gering.org

Is City Of Gering Leasing Corporation legitimate?

City Of Gering Leasing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. City Of Gering Leasing Corporation 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: $0

For more financial information, click here


Official website here: www.gering.org

What is the mission statement of City Of Gering Leasing Corporation?

The City of Gering Leasing Corporation's primary mission involves entering into capital lease arrangements. This mission is directed towards collaborating with the City of Gering, Nebraska, specifically. Their activities encompass managing expenses related to the Gering Baseball Park, the rental of the Gering Civic Center, and the expansion of the Gering Golf Course. The corporation's role is to facilitate these lease arrangements, providing necessary financial support for these facilities.


Official website here: www.gering.org

Who is the CEO of City Of Gering Leasing Corporation?

Pat Heath is the Board Member of City Of Gering Leasing Corporation.


Official website here: www.gering.org

What is the revenue of City Of Gering Leasing Corporation?

City Of Gering Leasing Corporation's revenue in 2022 was $363,832.


Official website here: www.gering.org

Who are the executives of City Of Gering Leasing Corporation and what are their salaries?


Here are 9 key members and their salaries:


Ben Backus (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Cody Bohl (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Troy Cowan (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Julie Morrison (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dan Smith (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Gillen (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tony Kaufman (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Pam O'Neal (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Susan Wiedeman (Vice Preside)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.gering.org

Where can I find the form 990 for City Of Gering Leasing Corporation?

City Of Gering Leasing Corporation's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.gering.org

Learn more at the official website: www.gering.org

Mission Statement of City Of Gering Leasing Corporation

City of Gering Leasing Corporation's primary mission involves entering into capital lease arrangements with the City of Gering. In simpler terms, this organization is responsible for managing financial agreements related to the use and maintenance of City-owned facilities and amenities. Specifically, this includes expenses associated with the Gering Baseball Park, the rental of the Gering Civic Center, and the expansion of the Gering Golf Course. By doing so, City of Gering Leasing Corporation plays a crucial role in ensuring the continued availability and upkeep of these community resources for the benefit of the City of Gering, Nebraska's residents.

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Impact




October, 2024

City Of Gering Leasing Corporation plays a significant role in enhancing local infrastructure and community amenities in Gering, Nebraska. By entering into capital lease arrangements with the city, the corporation facilitates essential projects that support recreational and community spaces, such as the Gering Baseball Park, Gering Civic Center, and the Gering Golf Course expansion.

These initiatives not only improve the quality of life for residents but also foster community engagement and attract visitors, contributing to the overall vitality of the area. The financial strategies employed by the corporation enable the city to manage its resources effectively, ensuring that public facilities are maintained and enhanced to serve the community's needs. Through its focus on community improvement, City Of Gering Leasing Corporation significantly impacts the growth and development of Gering, creating a more vibrant and active community for all.




This information is meant to be a general summary of City Of Gering Leasing Corporation. 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.

Revenue
$363,832 (2022)
Expenses
$213,867 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $37
  • Program Service Revenue: $363,795
  • Gross Receipts: $363,832

Assets and Liabilities:

  • Total Assets: $4,540,595
  • Total Liabilities: $3,593,348
  • Net Assets: $947,247

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

LEASE REVENUE

Revenue

$363,795

Organization Details

Founding Year

1989

Principal Officer

Pat Heath

Main Address

1025 P STREET, GERING, NE, 69341

NTEE Category

Code: S24Z - Community improvement

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