Deadwood Economic Development Corp

Organization Overview

Deadwood Economic Development Corp is located in Lead, SD. The organization was established in 1989. According to its NTEE Classification (S30) the organization is classified as: Economic Development, 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. Deadwood Economic Development Corp is a 501(c)(2) and as such, is described as a "Title Holding Corporation for an Exempt Organization" by the IRS.

For the year ending 12/2023, Deadwood Economic Development Corp generated $176.3k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 0.9% each year. All expenses for the organization totaled $159.5k during the year ending 12/2023. While expenses have increased by 0.7% per year over the past 9 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

2023

Describe the Organization's Mission:

Part 3 - Line 1

THE ORGANIZATION PROMOTES AND IMPROVES THE BUSINESS ENVIRONMENT IN THE REGION BY BEING AN ADVOCATE FOR THE REGION, CULTIVATING BUSINESS PROSPECTS AND EXTENDING LOANS TO NEW AND EXPANDING BUSINESSES IN THE AREA.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE ORGANIZATION HAS ENCOURAGED NEW AND EXPENDING BUSINESSES AND INDIVIDUALS IN THE REGION BY EXTENDING LOANS FOR IMPROVEMENTS, EXPANSIONS AND PURCHASES OF BUSINESSES BY ENTITIES AND INDIVIDUALS.


THE ORGANIZATION HAS ASSISTED LOCAL GOVERNMENT IN SECURING USES FOR HISTORICAL STRUCTURES IN THE REGION. THE USE OF THE PROPERTIES HELPS TO PREVENT THE POSSIBLE LOSS OF THE STRUCTURES.


THE ORGANIZATION ASSISTS THE LOCAL BUSINESS COMMUNITY WITH ISSUES WHICH COULD AFFECT THE LOCAL BUSINESS ENVIRONMENT.


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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$11,100
Fundraising events$0
Related organizations$0
Government grants $86,000
All other contributions, gifts, grants, and similar amounts not included above$6,110
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$103,210
Total Program Service Revenue$72,699
Investment income $351
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 $176,260

Peer Organizations

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Minneapolis - St Paul Regional Economic Development Partnership
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Center For Economic Inclusion
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Glacier Country Regional Tourism Commission Inc
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Minnesota Business Finance Corporation
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Fargo Moorhead Convention & Visitors Bureau Inc
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Rapid City Economic Development Foundation
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Four Bands Community Fund Inc
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Nextstage
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Grow South Dakota
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$9,966,587
Emerging Prairie
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$1,996,803
Destination Medical Center Economic Development Agency
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$2,292,653
Dakota Business Lending
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$2,699,017
Lake County Community Development Corporation
Ronan, MT
$2,442,320
Big Sky Economic Development Corporation
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$1,982,472
Perry Economic Development Inc
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$1,890,621
Ames Convention & Visitors Bureau
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$2,246,760

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