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Falls City Economic Development Andgrowth Enterprise Inc

Organization summary

Type of Nonprofit

Designated as a Business leagues, chambers of commerce, real estate boards, etc, created for the improvement of business conditions.

Category: Community Improvement, Capacity Building / Promotion of Business (NTEE)

Donations to this organization are not tax deductible.

Summary charts: organization finances over time

Revenue
$330k (2023)

Expenses
$236k (2023)

Total Assets
$1.48M (2023)

Total Liabilities
$400k (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$329,575
Expenses
$235,690
Net Income
$93,885
Net Assets
$1,077,404
Notable Sources of Revenue Percent of Total Revenue
Contributions $241,768
73.4%
Program Services $0
Investment Income $7,772
2.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $80,035
24.3%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $69,148
29.3%
Assets/Debt
Total Assets $1,477,009
Total Liabilities $399,605
Net Assets $1,077,404
Compensation
Key Employees and Officers Compensation Related Other
Lucas Froeschl (Executive Di) $69,148 $0 $0
Kevin Malone (President) $0 $0 $0
Rod Rowland (Vice Preside) $0 $0 $0
Ray Joy (Executive Co) $0 $0 $0
Bart Keller (Executive Co) $0 $0 $0
Steve Kottich (Executive Co) $0 $0 $0
Ryan Larsen (Executive Co) $0 $0 $0
Mitch Merz (Executive Co) $0 $0 $0
Mark Harkendorff (Director) $0 $0 $0
Steve Severin (Director) $0 $0 $0
Tim Heckenlively (Director) $0 $0 $0
Samantha Scheitel (Director) $0 $0 $0
Brian Daake (Director) $0 $0 $0
Chris Halbert (Director) $0 $0 $0
David Sickel (Director) $0 $0 $0
Kristen Poppe (Director) $0 $0 $0
Joe Rector (Director) $0 $0 $0
Marc Morehead (Director) $0 $0 $0
Derrick Leyden (Director) $0 $0 $0
Deb Lewis (Director) $0 $0 $0
Anthony Nussbaum (Director) $0 $0 $0
Amber Holle (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$232,585
Expenses
$214,098
Net Income
$18,487
Net Assets
$723,285
Notable Sources of Revenue Percent of Total Revenue
Contributions $220,000
94.6%
Program Services $0
Investment Income $1,322
0.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $11,263
4.8%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $66,940
31.3%
Assets/Debt
Total Assets $880,769
Total Liabilities $157,484
Net Assets $723,285
Compensation
Key Employees and Officers Compensation Related Other
Lucas Froeschl (Executive Di) $66,940 $0 $0
Kevin Malone (President) $0 $0 $0
Ray Joy (Vice Preside) $0 $0 $0
Rod Rowland (Executive Co) $0 $0 $0
Steve Kottich (Executive Co) $0 $0 $0
Bart Keller (Executive Co) $0 $0 $0
Derrick Leyden (Director) $0 $0 $0
Mark Harkendorff (Director) $0 $0 $0
Brian Daake (Director) $0 $0 $0
Mitch Merz (Director) $0 $0 $0
Chris Halbert (Director) $0 $0 $0
Ed Hartman (Director) $0 $0 $0
Tim Heckenlively (Director) $0 $0 $0
Ryan Larsen (Director) $0 $0 $0
Marc Morehead (Director) $0 $0 $0
Adam Morris (Director) $0 $0 $0
Joe Rector (Director) $0 $0 $0
Steve Severin (Director) $0 $0 $0
David Sickel (Director) $0 $0 $0
Deb Lewis (Director) $0 $0 $0
Anthony Nussbaum (Director) $0 $0 $0
Amber Holle (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$519,784
Expenses
$337,964
Net Income
$181,820
Net Assets
$653,798
Notable Sources of Revenue Percent of Total Revenue
Contributions $233,668
45.0%
Program Services $0
Investment Income $4
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $286,112
55.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $74,004
21.9%
Assets/Debt
Total Assets $1,225,382
Total Liabilities $571,584
Net Assets $653,798
Compensation
Key Employees and Officers Compensation Related Other
Lucas Froeschl (Executive Di) $52,314 $0 $0
Rod Rowland (President) $0 $0 $0
Ray Joy (Vice Preside) $0 $0 $0
Dana Rathje (Executive Co) $0 $0 $0
Steve Kottich (Executive Co) $0 $0 $0
Bart Keller (Executive Co) $0 $0 $0
Shawna Bindle (Director) $0 $0 $0
Brian Daake (Director) $0 $0 $0
Mitch Merz (Director) $0 $0 $0
Chris Halbert (Director) $0 $0 $0
Ed Sandra Hartman (Director) $0 $0 $0
Tim Heckenlively (Director) $0 $0 $0
Ryan Larsen (Director) $0 $0 $0
Kevin Malone (Director) $0 $0 $0
Marc Morehead (Director) $0 $0 $0
Adam Morris (Director) $0 $0 $0
Joe Rector (Director) $0 $0 $0
Steve Severin (Director) $0 $0 $0
David Sickel (Director) $0 $0 $0
Gary Jorn (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$284,155
Expenses
$297,705
Net Income
-$13,550
Net Assets
$445,715
Notable Sources of Revenue Percent of Total Revenue
Contributions $214,350
75.4%
Program Services $0
Investment Income $7,453
2.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $62,352
21.9%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $84,939
28.5%
Assets/Debt
Total Assets $1,021,549
Total Liabilities $575,834
Net Assets $445,715
Compensation
Key Employees and Officers Compensation Related Other
Lucas Froeschl (Executive Di) $0 $0 $0
Rod Rowland (President) $0 $0 $0
Ray Joy (Vice Preside) $0 $0 $0
Dana Rathje (Executive Co) $0 $0 $0
Steve Kottich (Executive Co) $0 $0 $0
Bart Keller (Executive Co) $0 $0 $0
Shawna Bindle (Director) $0 $0 $0
Brian Daake (Director) $0 $0 $0
Mitch Merz (Director) $0 $0 $0
Chris Halbert (Director) $0 $0 $0
Ed Sandra Hartman (Director) $0 $0 $0
Tim Heckenlively (Director) $0 $0 $0
Ryan Larsen (Director) $0 $0 $0
Kevin Malone (Director) $0 $0 $0
Mike Hall (Director) $0 $0 $0
Adam Morris (Director) $0 $0 $0
Joe Rector (Director) $0 $0 $0
Steve Severin (Director) $0 $0 $0
David Sickel (Director) $0 $0 $0
Gary Jorn (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$225,349
Expenses
$225,349
Net Income
$0
Net Assets
$419,265
Notable Sources of Revenue Percent of Total Revenue
Contributions $213,000
94.5%
Program Services $0
Investment Income $2,059
0.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $10,290
4.6%
Notable Expenses Percent of Total Expenses
Executive Compensation $74,914
33.2%
Professional Fundraising Fees $0
Other Salaries and Wages $9,860
4.4%
Assets/Debt
Total Assets $582,799
Total Liabilities $163,534
Net Assets $419,265
Compensation
Key Employees and Officers Compensation Related Other
Rebecca A Cromer (Executive Di) $74,914 $0 $0
Rod Rowland (President) $0 $0 $0
Ray Joy (Vice Preside) $0 $0 $0
Dana Rathje (Executive Co) $0 $0 $0
Steve Kottich (Executive Co) $0 $0 $0
Bart Keller (Executive Co) $0 $0 $0
Shawna Bindle (Director) $0 $0 $0
Brian Daake (Director) $0 $0 $0
Mitch Merz (Director) $0 $0 $0
Chris Halbert (Director) $0 $0 $0
Ed Sandra Hartman (Director) $0 $0 $0
Tim Heckenlively (Director) $0 $0 $0
Ryan Larsen (Director) $0 $0 $0
Kevin Malone (Director) $0 $0 $0
Marc Morehead (Director) $0 $0 $0
Adam Morris (Director) $0 $0 $0
Joe Rector (Director) $0 $0 $0
Steve Severin (Director) $0 $0 $0
David Sickel (Director) $0 $0 $0
Gary Jorn (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$194,703
Expenses
$197,365
Net Income
-$2,662
Net Assets
$381,146
Notable Sources of Revenue Percent of Total Revenue
Contributions $194,250
99.8%
Program Services $0
Investment Income $453
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $84,041
42.6%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $416,996
Total Liabilities $35,850
Net Assets $381,146

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$217,238
Expenses
$291,958
Net Income
-$74,720
Net Assets
$346,048
Notable Sources of Revenue Percent of Total Revenue
Contributions $216,912
99.8%
Program Services $0
Investment Income $326
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $84,627
29.0%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $386,298
Total Liabilities $40,250
Net Assets $346,048

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$225,601
Expenses
$227,441
Net Income
-$1,840
Net Assets
$379,458
Notable Sources of Revenue Percent of Total Revenue
Contributions $225,293
99.9%
Program Services $0
Investment Income $308
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $84,961
37.4%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $434,158
Total Liabilities $54,700
Net Assets $379,458

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$253,329
Expenses
$253,329
Net Income
$0
Net Assets
$332,577
Notable Sources of Revenue Percent of Total Revenue
Contributions $236,672
93.4%
Program Services $0
Investment Income $286
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $16,371
6.5%
Notable Expenses Percent of Total Expenses
Executive Compensation $79,687
31.5%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $376,477
Total Liabilities $43,900
Net Assets $332,577

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$257,003
Expenses
$263,726
Net Income
-$6,723
Net Assets
$233,697
Notable Sources of Revenue Percent of Total Revenue
Contributions $241,871
94.1%
Program Services $0
Investment Income $132
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $15,000
5.8%
Notable Expenses Percent of Total Expenses
Executive Compensation $82,925
31.4%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $305,024
Total Liabilities $71,327
Net Assets $233,697

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$239,521
Expenses
$239,521
Net Income
$0
Net Assets
$170,919
Notable Sources of Revenue Percent of Total Revenue
Contributions $239,414
100.0%
Program Services $0
Investment Income $107
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $86,408
36.1%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $191,919
Total Liabilities $21,000
Net Assets $170,919

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$215,225
Expenses
$409,154
Net Income
-$193,929
Net Assets
$162,196
Notable Sources of Revenue Percent of Total Revenue
Contributions $214,622
99.7%
Program Services $0
Investment Income $603
0.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $87,247
21.3%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $162,196
Total Liabilities $0
Net Assets $162,196

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$219,490
Expenses
$310,876
Net Income
-$91,386
Net Assets
$276,047
Notable Sources of Revenue Percent of Total Revenue
Contributions $218,269
99.4%
Program Services $0
Investment Income $1,221
0.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $82,096
26.4%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $330,997
Total Liabilities $54,950
Net Assets $276,047

Document Links

Fiscal Year Ending Dec.
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

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Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

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