Albion Economic Development Corporation
Revenue
$369k
year to 31 March 2026
Expenses
$108k
year to 31 March 2026
Total assets
$2.5m
$86k liabilities
Net assets
$2.4m
assets less liabilities
Directors and trustees
7
6.4y av
Staff
0
employees, year to 31 March 2026
Left since last filing
0
no seats appear to have opened
Officers and senior staff
1
named in Part VII
Albion Economic Development Corporation's network
7 people3 organisationsi7 people and 3 organisations on this map.The large node is the subject of this page. Solid lines are what the register itself records (7). Violet dotted lines (7) are likely: the same full name sits on the current board of another organisation in the same register and region. Form 990 filings give names without a person identifier; SEC insider filings carry a CIK. It may be a different person.The board
7 listediTime on the board is observed from the annual filings: the IRS files no appointment date, so the bar counts years from the first filing the person appears on - a lower bound, not a filed start date. Names are exactly as filed. The IRS publishes no person identifier, so this edition does not yet link a person across organisations in the tables. The network map shows same-name matches as likely links only, never as confirmed.Tenure and departures are observed across annual filings. Observed tenure is a lower bound - a member may have joined before the first year on record. The organisation reported 8 voting members of its governing body on its latest Form 990 Part VI, which matches the board listed here.| Name | Role as filed | Since | On the board |
|---|---|---|---|
| Andy Roberts | Vice Preside | 2019 | 7 yrs |
| Brock Kuester | Director | 2019 | 7 yrs |
| Jeffrey C Jarecki | President/Di | 2019 | 7 yrs |
| John Moeller | Director | 2019 | 7 yrs |
| Michelle Gragert | Director | 2022 | 4 yrs |
| Samantha Kleveland | Director | 2023 | 3 yrs |
| Tony Levander | Director | 2019 | 7 yrs |
Under 5 years5 to 6 years6 years or more
Officers and senior leadership
1 listediNamed in Part VII as officers, key employees or highest-compensated staff - not board members, shown for completeness.| Name | Title as filed | On the filings |
|---|---|---|
| Steven Ruzek | Treasurer | since 2023 |
Pay and hours
year to 31 March 2026iFrom Part VII of the Form 990: compensation reported for each officer, director, trustee, key employee and highest-paid staff member, and the average hours a week they report. Most board members are unpaid; a blank means nothing was reported. Pay from related organisations is shown separately.| Name | Title as filed | Hours a week | Pay from the organisation | Related organisations | Other |
|---|---|---|---|---|---|
| Michelle Gragert | Director | $0 | |||
| Jeffrey C Jarecki | President/Di | $0 | |||
| Samantha Kleveland | Director | $0 | |||
| Brock Kuester | Director | $0 | |||
| Tony Levander | Director | $0 | |||
| John Moeller | Director | $0 | |||
| Andy Roberts | Vice Preside | $0 | |||
| Steven Ruzek | Treasurer | $0 |
No pay was reported for anyone in Part VII on this return.
About
- Legal name
- Albion Economic Development Corporation
- EIN
- 320108328
- Address
- 127 S 4th St, Albion, NE, 68620-1215
- State
- Nebraska
- Mission
- Organization's mission is to promote development in the albion trade area by loaning funds or furnishing sites and buildings for industries interested in locating in albion and its trade territory. (as filed on the Form 990)
- Activity (NTEE)
- S32 Community improvement and capacity building
- IRS classification
- 501(c)06 (tax-exempt under section 501(c)(3) where shown)
- Classified purpose
- Community Improvement & Capacity Building
- Size band
- 6 (IRS master file code)
- Formed
- 2003
- Principal officer
- Jeffrey C Jarecki (as named on the Form 990)
- IRS ruling date
- 1 December 2005
- Status
- Code 01 (unconditional exemption)
- Form 990 filings on record
- 7, latest 2025
Most connected
Longest observed on the filings
≥7years on the filingsAndy Roberts
≥7years on the filingsBrock Kuester
≥7years on the filingsJeffrey C Jarecki
≥7years on the filingsJohn Moeller
Latest return
year to 31 March 2026iFigures from the newest Form 990 or 990-EZ in the IRS e-file releases of 2025 and 2026, for the year ending 31 March 2026. US dollars, as filed.- Total assets
- $2.5m
- Total liabilities
- $86k
- Net assets or fund balances
- $2.4m
- Contributions and grants received
- $163k
- Program service revenue
- $177k
- Grants and similar paid out
- $52k
- Employees
- 0
Filed finances
1 yeariTotals as filed on the IRS Form 990 (revenue and expenses), by tax year.| Tax year | Total revenue | Total expenses | Surplus or deficit |
|---|---|---|---|
| 2024 | $151k | $142k | $9k |
As filed on the IRS Form 990. US dollars.
Grants paid
3 listediFrom Schedule I of the Form 990: grants and assistance to organisations in the United States, largest first (up to 25). Schedule I is filed only by organisations that gave more than $5,000 to any one recipient.| Recipient | Purpose | Amount |
|---|---|---|
| City of Albion | Economic development | $29k |
| Bo Co AG Ed Center | Fairground project | $10k |
| Ek Holdings LLC | Infrastructure grant | $10k |