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South Central Economic Development District Inc

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

EIN: 900187120 ✦ Holdrege, NE ✦ Designated as a 501(c)(3)

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Overview

What is South Central Economic Development District Inc?

South Central Economic Development District Inc, based in Holdrege, Nebraska, is a nonprofit organization committed to fostering a prosperous economic environment that encourages regional development. With a team of eight dedicated individuals, their mission is to promote positive economic growth within their region. While specific programs or services are not mentioned in the provided information, the organization's focus on economic development suggests its involvement in initiatives that stimulate local businesses, create jobs, and support the overall economic well-being of the area.


Official website here: www.scedd.us

What are the reviews and ratings of this charity?

Charity Navigator Rating: 96%, Four-Star out of Four Star rating.

South Central Economic Development District Inc has received a commendable Four-Star rating from Charity Navigator, indicating a high level of trust and transparency. The organization scored 100% in Accountability and Finance, reflecting its strong governance and financial practices. The majority of its board members are independent, ensuring objective oversight, and the organization has robust systems in place for financial management and policy adherence.

The nonprofit demonstrates exemplary financial management, with a program expense ratio of 95.33%, meaning that the vast majority of its resources are directly allocated to its programs. This high ratio highlights its commitment to effectively utilizing funds for its mission. Additionally, the organization has no reported material diversion of assets, further enhancing its credibility.

While the organization shows strong performance metrics, there are no noted limitations in the available data, suggesting a well-managed entity. Overall, South Central Economic Development District Inc exemplifies a nonprofit that prioritizes accountability, transparency, and effective program delivery.


This AI summary has been generated from information found on Charity Navigator.

Is South Central Economic Development District Inc legitimate?

South Central Economic Development District Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. South Central Economic Development District 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: $373,727

For more financial information, click here


Official website here: www.scedd.us

What is the mission statement of South Central Economic Development District Inc?

South Central Economic Development District Inc's mission is centered around fostering a favorable economic environment that encourages regional growth. In essence, their objective is to promote and develop an economic climate that is conducive to regional advancement. This mission is carried out through various strategies, aiming to stimulate economic growth and development in the designated region.


Official website here: www.scedd.us

Who is the CEO of South Central Economic Development District Inc?

Barb Barnett is the Executive Di of South Central Economic Development District Inc.


Official website here: www.scedd.us

What is the revenue of South Central Economic Development District Inc?

South Central Economic Development District Inc's revenue in 2022 was $1,193,737.


Official website here: www.scedd.us

Who are the executives of South Central Economic Development District Inc and what are their salaries?

The average compensation at South Central Economic Development District Inc during 2022 was $46,716. There are 8 employees and 17 volunteers at South Central Economic Development District Inc.


Here are 18 key members and their salaries:


Sharon Hueftle (Executive Di)
  • Compensation: $99,780
  • Related: $0
  • Other: $0
Tricia Allen (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Barb Barnett (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mary Berlie (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Laura Berthelsen (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Marni Danhauer (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Edward Dexter (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Keith Dubas (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Raquel Felzien (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Linda Glause (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Timothy Higgins (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gene Horne (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Mussmann (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joe Patterson (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Theresa Puls (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nicole Sabell (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Christian Schluntz (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robert Swanson (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.scedd.us

Where can I find the form 990 for South Central Economic Development District Inc?

South Central Economic Development District Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.scedd.us

Learn more at the official website: www.scedd.us

Mission Statement of South Central Economic Development District Inc

South Central Economic Development District Inc, as its name suggests, is dedicated to fostering a thriving economic environment that encourages regional expansion. The organization's primary objective is to advance and promote a favorable economic climate that catalyzes growth within the region. By taking on this mission, South Central Economic Development District Inc aims to contribute positively to the overall development and progress of the community.

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Impact




July, 2024

South Central Economic Development District Inc's impact can be seen in its efforts to develop and promote a positive economic climate that supports regional growth. By focusing on community improvement and working towards creating an environment conducive to economic development, the organization plays a vital role in driving progress and prosperity in the region. Through its mission to foster growth and enhance economic opportunities, South Central Economic Development District Inc contributes significantly to the overall well-being and advancement of its community in Holdrege, NE.




This information is meant to be a general summary of South Central Economic Development District 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.

Revenue
$1,193,737 (2022)
Expenses
$1,210,284 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $75,352
  • Program Service Revenue: $242,405
  • Gross Receipts: $5,004,815

Assets and Liabilities:

  • Total Assets: $5,324,604
  • Total Liabilities: $33,210
  • Net Assets: $5,291,394

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Programs

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

GRANT ADMINISTRATION

Revenue

$168,045

CONTRACT INCOME

Revenue

$65,820

SURVEY INCOME

Revenue

$6,500

PROGRAM SERVICE REVENUE

Revenue

$2,040

Organization Details

Founding Year

2005

Principal Officer

Barb Barnett

Main Address

401 EAST AVE PO BOX 79, HOLDREGE, NE, 68949

NTEE Category

Code: S30 - Community improvement

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