OMAHA ECONOMIC DEVELOPMENT CORPORATION

Address
2221 NORTH 24TH STREET NO 200
OMAHA, NE 68110
Contact
Website: http://www.omahaeconomic.com
Phone: +1 (402) 346-2300
Nonprofit
NTEE: S30 - Economic Development
EIN: 47-0597743

Mission

THE MISSION OF OEDC IS TO IMPLEMENT ECONOMIC DEVELOPMENT PROJECTS, HOUSING, AND COMMUNITY REVITALIZATION PROGRAMS THAT CREATE JOBS, BUSINESS OWNERSHIP OPPORTUNITIES AND OTHER ECONOMIC BENEFITS FOR AREA RESIDENTS.
 201620152014
Basic features of the organization
Year of formation1977
Subsection501(c)(3)
Organization typeCorporation
Metropolitan statistical area5920
Human resources, including compensation
Summary compensation info
Total compensation of current key personnel$150,002.00$148,999.00$269,510.00
Sum of reportable (W2/1099) compensation$150,002.00$137,008.00$145,665.00
Number of employees999
Number of people compensated >$100k112
Number of volunteers006
Number of highly compensated contractors000
Personnel
Bonner, Cort
TitleCHAIRCHAIRCHAIR
Name of key/compensated personCORT BONNERCORT BONNERCORT BONNER
Average hours per week working for org1.001.001.00
Reportable compensation from org$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00
PositionIndividual trustee or director, OfficerIndividual trustee or director, OfficerIndividual trustee or director
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00
Jwhite, Ernest
TitleTREASURERTREASURERTREASURER
Name of key/compensated personERNEST JWHITEERNEST JWHITEERNEST JWHITE
Average hours per week working for org1.001.001.00
Reportable compensation from org$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00
PositionIndividual trustee or director, OfficerIndividual trustee or director, OfficerIndividual trustee or director, Officer
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00
Maroney, Michael
TitlePRESIDENTPRESIDENTPRESIDENT
Name of key/compensated personMICHAEL B MARONEYMICHAEL B MARONEYMICHAEL B MARONEY
Average hours per week working for org40.0040.0040.00
Reportable compensation from org$150,002.00$137,008.00$145,665.00
Other comp, non-reportable, from org and related orgs$28,451.00$25,869.00$26,125.00
PositionOfficerOfficerIndividual trustee or director, Officer
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00
Method-Walker, Yvonne
TitleDIRECTORDIRECTORDIRECTOR
Name of key/compensated personYVONNE METHOD-WALKERYVONNE METHOD-WALKERYVONNE METHOD-WALKER
Average hours per week working for org1.001.001.00
Reportable compensation from org$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00
PositionIndividual trustee or directorIndividual trustee or directorIndividual trustee or director
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00
Parker, Julia
TitleVICE CHAIRDIRECTORDIRECTOR
Name of key/compensated personJULIA PARKERJULIA PARKERJULIA PARKER
Average hours per week working for org1.001.001.00
Reportable compensation from org$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00
PositionIndividual trustee or director, OfficerIndividual trustee or directorIndividual trustee or director
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00
Pierce, John
TitleSECRETARYSECRETARYDIRECTOR
Name of key/compensated personJOHN PIERCEJOHN PIERCEJOHN PIERCE
Average hours per week working for org1.001.001.00
Reportable compensation from org$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00
PositionIndividual trustee or director, OfficerIndividual trustee or director, OfficerIndividual trustee or director
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00
Tooles, Patricia
TitleDIRECTORDIRECTORDIRECTOR
Name of key/compensated personPATRICIA TOOLESPATRICIA TOOLESPATRICIA TOOLES
Average hours per week working for org1.001.001.00
Reportable compensation from org$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00
PositionIndividual trustee or directorIndividual trustee or directorIndividual trustee or director
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00
Purpose: mission, activities & accomplishments
Mission or significant activitiesECONOMIC DEVELOPMENTECONOMIC DEVELOPMENTECONOMIC DEVELOPMENT
Program expenses (total)$3,901,764.00$2,606,725.00$2,449,024.00
Programs, including revenue & expenses
GRANT MANAGEMENT OF STEP UP OMAHA PROVIDING EDUCATIONAL ASSESSMENTS, LIFE SKILLS TRAINING AND SUMMER EMPLOYMENT FOR AT RISK YOUTH
Program expenses $121,822.00 
Program revenue $150,122.00 
Program description GRANT MANAGEMENT OF STEP UP OMAHA PROVIDING EDUCATIONAL ASSESSMENTS, LIFE SKILLS TRAINING AND SUMMER EMPLOYMENT FOR AT RISK YOUTH 
PROPERTY MANAGEMENT OF AFFORDABLE HOUSING UNITS WHICH ARE RENTED TO LOW/MODERATE INCOME FAMILIES.
Program expenses$3,335,745.00$2,424,211.00$2,449,024.00
Program revenue$2,410,945.00$2,006,072.00$1,683,342.00
Program descriptionPROPERTY MANAGEMENT OF AFFORDABLE HOUSING UNITS WHICH ARE RENTED TO LOW/MODERATE INCOME FAMILIES.PROPERTY MANAGEMENT OF AFFORDABLE HOUSING UNITS WHICH ARE RENTED TO LOW/MODERATE INCOME FAMILIES.PROPERTY MANAGEMENT OF AFFORDABLE HOUSING UNITS WHICH ARE RENTED TO LOW/MODERATE INCOME FAMILIES.
THE NORTH END TELESERVICES IS A TELE COMMUNICATIONS ENTITY PROVIDING BOTH INBOUND AND OUT BOUND CALL CENTER SERVICES AND WAS CREATED TO PROVIDE EMPLOYMENT OPPORTUNITIES FOR NORTH OMAHA RESIDENTS, A COMMUNITY EXPERIENCING DOUBLE DIGIT UNEMPLOYMENT.
Program expenses$566,019.00$60,692.00 
Program revenue$290,747.00$32,721.00 
Program descriptionTHE NORTH END TELESERVICES IS A TELE COMMUNICATIONS ENTITY PROVIDING BOTH INBOUND AND OUT BOUND CALL CENTER SERVICES AND WAS CREATED TO PROVIDE EMPLOYMENT OPPORTUNITIES FOR NORTH OMAHA RESIDENTS, A COMMUNITY EXPERIENCING DOUBLE DIGIT UNEMPLOYMENT.THE NORTH END TELESERVICES IS A TELE COMMUNICATIONS ENTITY PROVIDING BOTH INBOUND AND OUT BOUND CALL CENTER SERVICES AND WAS CREATED TO PROVIDE EMPLOYMENT OPPORTUNITIES FOR NORTH OMAHA RESIDENTS, A COMMUNITY EXPERIENCING DOUBLE DIGIT UNEMPLOYMENT. 
Financial data
Expense categories (totals)
Sum (total functional expenses)$4,967,448.00$3,746,124.00$2,976,691.00
Program services (total functional expenses)$3,901,764.00$2,606,725.00$2,449,024.00
Management & general (total functional expenses)$1,065,684.00$1,098,149.00$527,667.00
Fundraising (total functional expenses)$0.00$41,250.00$0.00
Revenue
Total revenue$3,599,470.00$3,008,593.00$5,378,953.00
Program service revenue (total)$2,624,720.00$2,140,467.00$1,630,958.00
Revenue from contributions (total)$849,694.00$756,028.00$94,712.00
Investment income$48,084.00$63,650.00$3,600,899.00
Total unrelated business revenue$0.00$0.00$0.00
Other revenue, current yr$76,972.00$48,448.00$52,384.00
Net unrelated business taxable revenue$0.00$0.00$0.00
Total revenue from grants, etc., current yr$849,694.00$756,028.00$94,712.00
Gross receipts$3,599,470.00$3,698,765.00$6,125,263.00
Sources of contributions
Revenue from gov't grants$753,441.00  
Revenue from all other contributions$96,253.00$756,028.00$94,712.00
Other types of revenue
Miscellaneous revenue (total)$76,972.00$48,448.00$52,384.00
Income from dividends, interest, and similar investments$48,084.00$46,069.00$53,814.00
Net rental income $0.00$0.00
Fees for services
Legal fees (total)$152,334.00$38,190.00$206,843.00
Fundraising service fees (total)$0.00$0.00$0.00
General management fees (total)-$8,343.00$502,158.00$79,131.00
Accounting service fees (total)$23,916.00$43,962.00$41,750.00
Assets and liabilities
Total assets$22,066,059.00$21,767,528.00$22,494,857.00
Total assets, beginning of year$21,767,528.00$22,494,857.00$14,960,581.00
Total liabilities$11,924,420.00$10,706,637.00$10,803,544.00
Total liabilities, beginning of year$10,706,637.00$10,803,544.00$6,455,692.00
Temporarily restricted net assets$815,188.00$793,589.00$0.00
Net assets$10,141,639.00$11,060,891.00$11,691,313.00
Net assets, beginning of year$11,060,891.00$11,691,313.00$8,504,889.00
Other liabilities$323,912.00$201,194.00$157,410.00
Intangible assets$20,702.00$22,176.00$25,328.00
Other assets$566,345.00$589,817.00$745,565.00
Investments: other securities$1,047,436.00$995,760.00$855,051.00
Investments: publicly traded securities$139,255.00$163,048.00$196,963.00
Cash: non-interest bearing$2,983,471.00$5,369,027.00 
Cash: non-interest bearing, beginning of year$5,369,027.00$6,368,114.00 
Inventories for sale or use$27,219.00  
Other financial variables
Revenue less expenses-$1,367,978.00-$737,531.00$2,402,262.00
Advertising (total)$12,646.00$25,175.00$11,460.00
Savings & temp cash investment  $6,368,114.00
Accounts receivable, net$278,220.00$160,857.00$155,976.00
Prepaid expenses & deferred charges$11,401.00$31,753.00$19,050.00
Accounts payable & accrued expenses$693,983.00$332,494.00$525,304.00
Deferred revenue$19,453.00$4,230.00 
Secured mortgages and notes payable$10,887,072.00$10,168,719.00$10,120,830.00
Total net assets or fund balances$10,141,639.00$11,060,891.00$11,691,313.00
Depreciation, depletion, amortization$849,663.00$662,457.00$530,347.00
Governance and accountability
Number of voting members666
Number of independent voting members666
Financial sheets auditedTrueTrueTrue
Audit on consolidated basisTrueTrueTrue
Tax year start date2016-01-012015-01-012014-01-01
Tax year end date2016-12-312015-12-312014-12-31
Accounting methodAccrualAccrualAccrual
Indicators for schedules (selected)
Org has controlled entityTrueTrueTrue
Metadata about the filing
E-return type990990990
Date e-filing submitted2018-01-032017-04-052016-02-08
IRS schema version2016v3.02015v2.12014v5.0
Filing identifier201723199349303427201633209349310383201523039349300227
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