Albion Economic Development
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.
Albion Economic Development at a glance
In short: Albion Economic Development gave $49K across 3 grants in 2026 (avg $16K), mostly in Nebraska. Source: 2026 IRS Form 990.
- Annual giving (2026)
- $49,475
- -29.5% vs 2025
- Grants made (2026)
- 3
- +0.0% vs 2025
- Average grant
- $16,492
- -29.5% vs 2025
- Median grant
- $10,000
- Total assets
- $2,482,030
- +7.1% vs 2025
- Primary geography
- Nebraska (100% of itemized 2026 grant dollars)
- Latest 990 filing
- Form 990, 2026 View filing
Data from IRS Form 990, 2026; updated September 2026.
Who Albion Economic Development funds
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2026
The largest 2026 recipient was City of Albion ($29K). Together the top 3 received $49K.
Grant Size Distribution
16 grants across all recorded years
The most common grant size was under $50K: 13 grants of 16 (81%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2026 grant dollars across all 3 itemized grants.
States
Cities
How Albion Economic Development gives
- Giving fell 63% from 2023 to 2026. Method
From the foundation's IRS Form 990 filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2026, annual grant giving ranged from $30K (2020) to $136K (2023). In 2026 it made 3 grants totaling $49K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| City of Albion Albion, NE | Economic Development | $29,475 |
| Bo Co Ag Ed Center Albion, NE | Fairground Project | $10,000 |
| Ek Holdings LLC Albion, NE | Infrastructure Grant | $10,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2026 | $2,482,030 | $368,921 | $108,033 | $49,475 | 3 | $29,534 |
| 2025 | $2,317,314 | $150,700 | $141,565 | $70,189 | 3 | $74,270 |
| 2024 | $2,308,179 | $1,498,759 | $184,710 | $89,050 | 4 | $37,044 |
| 2023 | $809,384 | $402,607 | $181,497 | $135,506 | 2 | $4,366 |
| 2022 | $588,274 | $157,458 | $116,563 | $100,000 | 4 | $2,156 |
| 2021 | $547,379 | $99,844 | $68,123 | $40,000 | 3 | $2,341 |
| 2020 | $515,658 | $38,014 | $114,140 | $30,000 | 2 | $4,738 |
About Albion Economic Development
Based on IRS filings
Albion Economic Development is a public charity focused on Community Improvement & Capacity Building, based in Albion, NE. IRS filing data is available from 2020 through 2026. As of 2026, the organization holds $2.5M in total assets. In 2026, it awarded 3 grants totaling $49K. Net investment income was $30K.
Focus Areas
Leadership & Key People
Officers and directors from IRS filings
Albion Economic Development is led by Jeffrey C. Jarecki, President & Director on every filing since 2020; none of the 8 officers listed in 2026 report compensation.
Officers on the 2026 filing
Jeffrey C. Jarecki
President & Director
On filings since 2020
No compensation reported
Brock Kuester
Director
On filings since 2020
No compensation reported
John Moeller
Director
On filings since 2020
No compensation reported
Tony Levander
Director
On filings since 2020
No compensation reported
Michelle Gragert
Director
On filings since 2022
No compensation reported
Samantha Kleveland
Director
On filings since 2023
No compensation reported
Andy Roberts
Vice President
On filings since 2020
No compensation reported
Steven Ruzek
Treasurer
Treasurer & Director → Treasurer, 2023
On filings since 2020
No compensation reported
Former officers (2)
- Former: Tanya Sharp (2020–2022) — Director
- Former: Dani O'Brien (2020–2021) — Director
Data from IRS Form 990 filings, 2020–2026. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Albion Economic Development
How much does Albion Economic Development give each year?
Albion Economic Development gave $49K across 3 grants in 2026, according to its 2026 IRS Form 990. In 2025 it gave $70K across 3 grants.
What is Albion Economic Development's typical grant size?
Albion Economic Development's median grant in 2026 was $10,000, and its average grant was $16,492, across 3 grants on its 2026 IRS Form 990.
Where does Albion Economic Development give grants?
Albion Economic Development gives mostly in Nebraska: 100% of the grant dollars itemized on its 2026 IRS Form 990 went to recipients there. The most frequent recipient cities were Albion, NE (3 grants).
Does Albion Economic Development give general operating support?
Not in 2026: none of the 3 grants with a stated purpose on Albion Economic Development's 2026 IRS Form 990 were described as general or operating support.
How large is Albion Economic Development?
Albion Economic Development reported $2.5M in total assets on its 2026 IRS Form 990. Its revenue that year was $369K.
What is Albion Economic Development?
Albion Economic Development is a public charity focused on Community Improvement & Capacity Building, based in Albion, NE. It holds $2.5M in total assets as of 2026.
What is Albion Economic Development's EIN?
Albion Economic Development's EIN (Employer Identification Number) is 32-0108328. IRS Form 990 filing data is available on this page for 2020–2026.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2020 (received by the IRS July 21, 2020)
- Updated Form 990 for fiscal year 2021 (received by the IRS July 12, 2021)
- Updated Form 990 for fiscal year 2022 (received by the IRS June 3, 2022)
- Updated Form 990 for fiscal year 2023 (received by the IRS June 14, 2023)
- Updated Form 990 for fiscal year 2024 (received by the IRS August 15, 2024)
- Updated Form 990 for fiscal year 2025 (received by the IRS August 7, 2025)
- Added Form 990 for fiscal year 2026 (received by the IRS July 21, 2026)
Live grants for the work Albion Economic Development funds
Community Improvement & Capacity Building Open opportunities, soonest deadline first.
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