2024-04-18T09:09:41-05:00 2023-08-31 470677245 HBE LLP 7140 STEPHANIE LANE PO BOX 23110 LINCOLN NE 685423110 990 2022-09-01 470796719 CENTER FOR RURAL AFFAIRS COMMUNITY CAPITAL CENT 4026872100 PO BOX 136 LYONS NE 68038 MICHAEL BRIDE CFO 4026872100 2024-04-03 1 MICHAEL BRIDE 999009999 0 KRYSTAL L SIEBRANDT CPA CFE CGMA P00543870 4024234343 2024-04-03 0 AAL1 IAL1 2022 2023-04-26 12:10:37Z BRIAN DEPEW PO BOX 136 LYONS NE 68038 1737477 0 X N/A X 1996 NE PROVIDES FINANCING AND TECHNICAL ASSISTANCE IN SUPPORT OF SMALL BUSINESSES AND COMMUNITY DEVELOPMENT IN GENERAL. 8 8 0 8 0 0 1763454 1186287 356150 542662 1750 8528 0 0 2121354 1737477 0 0 0 0 423273 1076302 0 0 29000 423823 678449 847096 1754751 1274258 -17274 12206202 13936199 4285870 6033141 7920332 7903058 PROVIDES FINANCING AND TECHNICAL ASSISTANCE IN SUPPORT OF SMALL BUSINESSES AND COMMUNITY DEVELOPMENT IN GENERAL. 0 0 1532295 542662 MICROLOAN PROGRAM FOR SMALL BUSINESSES. 1532295 1 1 0 0 0 0 0 0 1 0 0 0 0 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 8 8 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NE X MICHAEL BRIDE 4026872100 PO BOX 136 LYONS NE 68038 JAY HALL PRESIDENT 0.10 X X 0 0 0 CHUCK KARPF VICE PRESIDENT 0.10 X X 0 0 0 ROSS LARSON SECRETARY/TREASURER 0.10 X X 0 0 0 LEVERNE BARRETT BOARD MEMBER 0.10 X 0 0 0 SUSAN BAUMERT BOARD MEMBER 0.10 X 0 0 0 KRISTA DITTMAN BOARD MEMBER 0.10 X 0 0 0 RACHEL LIESTER BOARD MEMBER 0.10 X 0 0 0 STEELE VALENZUELA BOARD MEMBER 0.10 X 0 0 0 BRIAN DEPEW EXECUTIVE DIRECTOR 5.00 X 0 139530 18925 0 139530 18925 0 0 1 0 0 1175573 10714 1186287 LOAN INTEREST INCOME 900099 479770 479770 FEES AND REIMBURSEMENT 900099 62892 62892 542662 8528 8528 1737477 542662 0 8528 X 743453 743453 332849 332849 14128 14128 198545 198545 42028 42028 20900 20900 29439 29439 1678 1678 28122 28122 20951 20951 MANAGEMENT ALLOCATED 193456 193456 COMMUNICATIONS ALLOCATE 52085 52085 FUNDRAISING AND DEVELOP 29000 29000 PUBLICATION AND SUBSCRI 26009 26009 22108 22108 1754751 1532295 193456 29000 1824095 3826081 1681245 453295 20091 6222239 7398999 3956 15496 2474667 2222237 12206202 13936199 119203 227663 8537 18789 3223060 3980162 935070 1806527 4285870 6033141 X 3796125 4296334 4124207 3606724 7920332 7903058 12206202 13936199 -17274 0 X X 0 1 X 1 1 1 X X 1 THE CENTER FOR RURAL AFFAIRS 470553823 7 1 1726629 0 1 1726629 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 8537 106596 96344 18789 1 X 0 CASH IN REVOLVING LOAN FUNDS 1968184 ACCRUED INTEREST 33507 CASH IN ESCROW 16679 CERTIFICATES OF DEPOSIT IN REVOLVING LOAN FUNDS 203867 2222237 DUE TO AFFILIATES 1806527 1806527 X 1737477 0 1737477 0 1737477 1754751 0 1754751 0 1754751 PART IV, LINE 1B: ESCROW ACCOUNTS ARE FOR MORTGAGE LOANS OUTSTANDING CONSISTING OF INSURANCE AND PROPERTY TAXES DUE IN THE FUTURE ON PROPERTIES SECURED BY THE DEPARTMENT OF TREASURY. PART IV, LINE 2B: ESCROW ACCOUNTS ARE FOR MORTGAGE LOANS OUTSTANDING CONSISTING OF INSURANCE AND PROPERTY TAXES DUE IN THE FUTURE ON PROPERTIES SECURED BY THE DEPARTMENT OF TREASURY. PART X, LINE 2: CFRACC IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. AS SUCH, INCOME EARNED IN THE PERFORMANCE OF ITS EXEMPT PURPOSE IS NOT SUBJECT TO INCOME TAX. ANY INCOME EARNED THROUGH ACTIVITIES NOT RELATED TO ITS EXEMPT PURPOSE IS SUBJECT TO INCOME TAX AT NORMAL CORPORATE RATES. FOR THE YEARS THEN ENDED AUGUST 31, 2023, CFRACC HAD NO TAX LIABILITY ON UNRELATD BUSINESS ACTIVITY. THE ORGANIZATION BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERILA TO THE FINANCIAL STATEMENTS. 0 0 0 0 0 0 0 0 0 BRIAN DEPEW EXECUTIVE DIRECTOR 0 139530 0 0 0 0 0 7100 0 11825 0 158455 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE CFO REVIEWS THE FORM 990 BEFORE IT IS SUBMITTED. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST IS MONITORED BY THE EXECUTIVE DIRECTOR, THE PROGRAM COUNCIL, AND BOARD. IT THEN GOES TO THE BOARD FOR A VOTE AND IS RECORDED IN THE NOTES. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS DETERMINES AFTER MARKETPLACE COMPARISONS. FORM 990, PART VI, SECTION C, LINE 19 IT IS AVAILABLE ON THE CENTER FOR RURAL AFFAIRS' WEBSITE AND ALSO IS AVAILABLE UPON REQUESTS BY MAIL OR EMAIL. FORM 990, PART IX, LINE 11G CONTRACTED TECHNICAL ASSISTANCE: PROGRAM SERVICE EXPENSES 198,545. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 198,545. FORM 990, PART XII, LINE 2C, AUDIT OVERSIGHT: CENTER FOR RURAL AFFAIRS CC USED THE AUDIT COMMITTEE FROM THE CENTER FOR RURAL AFFAIRS TO ACT AS THEIR AUDIT COMMITTEE AS WELL. THE CENTER FOR RURAL AFFAIRS PO BOX 136 LYONS NE 68038 470553823 SUPPORT AND EDUCATE ON ISSUES IMPORTANT TO RURAL AERICA NE 501(C) LINE 7 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 CENTER FOR RURAL AFFAIRS P 855172 FMV