Grant County Development Corporation

Organization Overview

Grant County Development Corporation is located in Milbank, SD. The organization was established in 1986. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Grant County Development Corporation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Grant County Development Corporation is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.

For the year ending 12/2021, Grant County Development Corporation generated $151.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.3% each year. All expenses for the organization totaled $120.6k during the year ending 12/2021. While expenses have increased by 3.1% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE GOAL OF THE ORGANIZATION IS TO PROMOTE, ENCOURAGE, AND ADVANCE THE DEVELOPMENT OF PRIVATE ENTERPRISE, COMMUNITY DEVELOPMENT, AREA TOURISM, INDUSTRY & BUSINESS, IN GRANT COUNTY, SD.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE ECONOMIC DEVELOPMENT PROGRAM IS DEDICATED TO THE DEVELOPMENT OF PRIVATE ENTERPRISE, LOCAL EMPLOYMENT OPPORTUNITIES, AREA TOURISM, AND COMMUNITY GROWTH THROUGH THE EXPANSION OF BUSINESS AND INDUSTRY IN GRANT COUNTY, SOUTH DAKOTA


3.THE INTERMEDIARY RELENDING PROGRAM PROVIDES LOW INTEREST LOANS TO LOCAL INTERMEDIARIES THAT RE-LEND TO BUSINESSES AND FOR COMMUNITY DEVELOPMENT PROJECTS IN RURAL COMMUNITES.


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Board, Officers & Key Employees

Name (title)Compensation
Krista Atyeo-Gortmaker
Executive Director
$59,800
Dave Hepper
Treasurer
$0
Troy Kastrup
Director
$0
Scott Hoeke
President Outgoing
$0
Jim Gesswein
Director
$0
David Gozenbach
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $139,280
All other contributions, gifts, grants, and similar amounts not included above$4,000
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$143,280
Total Program Service Revenue$7,223
Investment income $485
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $150,988

Grants Awarded

Over the last fiscal year, Grant County Development Corporation has awarded $531,696 in support to 4 organizations.

Grant RecipientAmount

ROSEWOOD APTS LLC

PURPOSE: PROVIDE HOUSING IN MILBANK, SOUTH DAKOTA

$222,848

ROSEWOOD APTS LLC

PURPOSE: PROVIDE HOUSING IN MILBANK, SOUTH DAKOTA

$222,848

MILBANK CHAMBER OF COMMERCE

PURPOSE: ASSIST BUSINESSES IN MILBANK, SOUTH DAKOTA

$43,000

MILBANK CHAMBER OF COMMERCE

PURPOSE: ASSIST BUSINESSES IN MILBANK, SOUTH DAKOTA

$43,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Grant County Development Corporation has recieved totaling $4,000.

Awarding OrganizationAmount
Xcel Energy Foundation

Minneapolis, MN

PURPOSE: 2020 COVID GRANT

$4,000
View Grant Recipient Profile

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