Summit Area Economic Growth Inc
- Assets
- $73.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Summit, SD
- Founding
- 03/2015
- Data as of
- 12/2021
- EIN
- 20-1541314
Organization Overview
Summit Area Economic Growth Inc is located in Summit, SD. The organization was established in 2015. According to its NTEE Classification (S99) the organization is classified as: Community Improvement & Capacity Building N.E.C., under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Summit Area Economic Growth Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Summit Area Economic Growth Inc generated $56.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.1% each year. All expenses for the organization totaled $34.5k during the year ending 12/2021. While expenses have increased by 7.1% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
PROMOTE GROWTH IN THE SUMMIT AREA
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tim Gapp Vice President | 1 | $0 | |
Kathleen Quale Treasurer | 1 | $0 | |
Laurie Kneeland President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $54,260 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $1,508 |
| Other Revenue | $888 |
| Total Revenue | $56,656 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $1,200 |
| Professional fees and other payments to independent contractors | $106 |
| Occupancy, rent, utilities, and maintenance | $2,912 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $30,305 |
| Total expenses | $34,523 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $73,196 |
| Other assets | $0 |
| Total assets | $73,196 |
| Total liabilities | $0 |
| Net assets or fund balances | $73,196 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Summit Area Economic Growth Inc has recieved totaling $19.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $19 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Northeast Nebraska Community Action Partnership Inc Pender, NE | $3,455,970 | $8,987,958 |
Gopher State One-Call Inc Minneapolis, MN | $13,617,385 | $7,412,499 |
Downtown Parking Management Inc Cedar Rapids, IA | $2,652,564 | $2,696,142 |
Scott County Regional Authority Bettendorf, IA | $3,455,493 | $3,293,735 |
Midwest Consruction & Distribution Industry Benefit Trust Eagan, MN | $4,510,406 | $1,947,839 |
Minnesota Association Of Townships St Michael, MN | $4,706,958 | $2,431,395 |
Dakota Business Finance Sioux Falls, SD | $1,006,804 | $1,543,251 |
Benedictine Living Community Of Wahpeton Minneapolis, MN | $6,015,815 | $1,840,159 |
Petroleum Marketers Of Iowa Urbandale, IA | $2,364,008 | $1,629,473 |
Minnesota Trucking Association Brooklyn Center, MN | $2,156,107 | $1,481,093 |
City Impact Lincoln, NE | $4,980,202 | $1,513,731 |
Independent Community Banks Of North Dakota Bismarck, ND | $2,054,460 | $1,393,335 |