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Cuming County Economic Development Inc

EIN 46-3184689 · West Point, NE

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthStrong100 out of 100GovernanceFair58 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

ENCOURAGE THE RETENTION AND ATTRACTION OF BUSINESS IN THE AREA TO HELP ALLEVIATE THE DEPRESSED ECONOMIC STATUS AND LOW INCOME THROUGHOUT CUMING COUNTY

Income
$2.0 million
Spending
$884,065
Spent on programs
100%
Reserves
32.1 months of spending
Largest source of income
government grants, 99%
Employees
0

Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Strong: 100 out of 100. Higher than 90% of charities in its peer group (community improvement, $1m to $10m).

  • Reserves

    35 of 35

    Spendable reserves would cover 32.1 months of spending.

  • Debt

    20 of 20

    It owes 0% of what it owns.

  • Living within its means

    15 of 15

    Income exceeded spending by 56% of income.

  • Income trend

    15 of 15

    Income rose 175% on the year before.

  • Spending floor

    15 of 15

    100% of spending went to programs and raising each dollar of donations cost 0 cents.

Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Fair: 58 out of 100. Higher than 10% of charities in its peer group (community improvement, $1m to $10m).

  • Independent board

    25 of 25

    9 of 9 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    0 of 8

    Reports no written whistleblower policy.

  • Record keeping policy

    0 of 7

    Reports no written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    0 of 10

    Did not give the board a copy of this return before filing it.

  • Independent check of accounts

    0 of 15

    Its accounts were not audited or reviewed by an independent accountant.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (5)
  1. $19,934 spent. BUSINESS IMPROVEMENT GRANT - IT'S PURPOSE IS TO ENCOURAGE LOCAL BUSINESSES TO INVEST IN THEIR INFRASTRUCTURE. THE GRANT FUNDS PAY FOR SIGNAGE AND EXTERIOR UPGRADES DEMO GRANT - IT'S PURPOSE IS TO ENCOURGAGE THE DEMOLITION OF LOCAL HOMES AND BUILDINGS THE HAVE REACHED THIER FUNCTIONAL LIFE AND TO ENCOURAGE REDEVELOPMENT.
  2. $204,175 spent. RURAL WORKFORCE HOUSING FUND. IT'S PURPOSE IS TO INCREASE THE SUPPLY AND REDUCE THE COST OF WORKFORCE HOUSING IN NEBRASKA RURAL COMMUNITIES.
  3. $375,637 spent. OWNER - OCCUPIED HOUSING GRANTS, PROVIDES SUPPORT FOR SUBSTANTIAL REPAIRS AND IMPROVEMENTS TO HOUSING UNITS OWNED BY LOW-TO-MODERATE INCOME RESIDENTS.
  4. $284,319 spent. OFFICE SPACE BULIT TO KEEEP LOCAL INOVATIONS AND ENTREPRENEURS IN CUMING COUNTY.DEDICATED TO HELP THOSE WHO WANT TO EXCEL. THE SERVICES ARE PROVIDED TO ALL.
  5. OFFICE SPACE BULIT TO KEEEP LOCAL INOVATIONS AND ENTREPRENEURS IN CUMING COUNTY.DEDICATED TO HELP THOSE WHO WANT TO EXCEL. THE SERVICES ARE PROVIDED TO ALL.

Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  2. Has the IRS revoked its tax-exempt status? Worth knowing.

    Status was revoked on May 15, 2016 for not filing returns for three years, and reinstated on May 15, 2016.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated September 30, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated September 10, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending December 2025.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since October 2016.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 7, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.