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EIN 32-0108328

Albion Economic Development Corporation

IRS 501(c) type
501(c)(6)
Num. employees
0
City
Albion
State
Nebraska
Year formed
2003
Most recent tax filings
2024-03-01
NTEE code, primary
S30: Economic Development
Description
Albion Economic Development Corporation promotes development in the Albion trade area by loaning funds, furnishing sites and buildings for industries interested in locating in the area, and providing economic assistance. The organization's focus is on economic and civic development in Albion, NE. In 2022, it issued a land grant to Boone Beginnings for the development of a non-profit child care facility and provided cash grants.
Total revenues
$1,498,759
2024
Total expenses
$184,710
2024
Total assets
$2,308,179
2024
Num. employees
0
2024

Program areas at Albion Economic Development Corporation

The Albion Economic Development Corporation (aedc) is focused on Economic and civic Development in the Albion, ne area. During the fiscal year ended march 31, 2024, it gave a land grant to boone beginnings for the Development of a non-profit child care facility. It also provided cash grants to boone beginnings for said facility and a cash grant to the boone county agriculutural education center for the fairgrounds project. Future projects in Development include affordable housing developments, which are in progress. Several grants were also given for infrastruce Development and downtown improvements.

Grants made by Albion Economic Development Corporation

GranteeGrant descriptionAmount
Boone Beginnings Early Childhood and Family Development CenterEarly Childhood Dev$10,000
Boone County Agricultural Education CenterFairground Project$10,000

Who funds Albion Economic Development Corporation

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
BcdaHousing Development$50,000
Mansfield Charitable FoundationDowntown Improvements$5,000

Personnel at Albion Economic Development Corporation

NameTitleCompensation
Jeffrey C JareckiPresident and Director$0
Steven RuzekTreasurer$0
Andy RobertsVice President$0
Julie MahoneyTreasurer and Director$0
Aubrey PalsSecretary$0
...and 1 more key personnel

Financials for Albion Economic Development Corporation

RevenuesFYE 03/2024
Total grants, contributions, etc.$1,309,110
Program services$152,605
Investment income and dividends$37,044
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$1,498,759

Form 990s for Albion Economic Development Corporation

Fiscal year endingDate received by IRSFormPDF link
2024-032024-08-15990View PDF
2023-032023-06-14990View PDF
2022-032022-06-03990View PDF
2021-032021-07-20990View PDF
2020-032020-08-14990View PDF
...and 10 more Form 990s

Organizations like Albion Economic Development Corporation

OrganizationLocationRevenue
Economic Futures Group (EFG)Spartanburg, SC$1,840,096
GrowthHutchinson, KS$1,182,929
Greater Owensboro Economic Development CorporationOwensboro, KY$656,295
Growth Organization of TopekashawneeTopeka, KS$4,538,551
Southern Tier Regional Economic Development CorporationPainted Post, NY$894,303
Northeast East Texas Economic Development DistrictTexarkana, TX$615,945
Opportunity FloridaMarianna, FL$420,949
Bowling Green Area Economic Development AuthorityBowling Green, KY$707,153
North Florida Economic Development PartnershipTallahassee, FL$470,137
Dodge City-Ford County Development Corpo rationDodge City, KS$678,328
Data update history
September 24, 2024
Posted financials
Added Form 990 for fiscal year 2024
July 9, 2024
Received grants
Identified 1 new grant, including a grant for $50,000 from Bcda
March 6, 2024
Posted financials
Added Form 990 for fiscal year 2023
November 25, 2023
Posted financials
Added Form 990 for fiscal year 2022
July 23, 2023
Updated personnel
Identified 1 new personnel
Nonprofit Types
Public sector nonprofitsBusiness and community development organizations
Issues
Community improvementEconomic development
Characteristics
State / local levelReceives government fundingNo full-time employees
General information
Address
127 S 4th St
Albion, NE 68620
County
Boone County, NE
Phone
(402) 395-4453
IRS details
EIN
32-0108328
Fiscal year end
March
Taxreturn type
Form 990
Year formed
2003
Eligible to receive tax-deductible contributions (Pub 78)
No
Categorization
NTEE code, primary
S30: Economic Development
NAICS code, primary
926110: Economic Development Corporations and Economic Program Organizations
Parent/child status
Independent
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