Timber Lake & Area Development Inc

Organization Overview

Timber Lake & Area Development Inc is located in Timber Lake, SD. The organization was established in 2005. According to its NTEE Classification (S31) the organization is classified as: Urban & Community Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Timber Lake & Area Development Inc employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Timber Lake & Area Development 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, Timber Lake & Area Development Inc generated $242.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $263.7k during the year ending 12/2021. While expenses have increased by 6.7% 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

PROMOTE ECONOMIC DEVELOPMENT IN RURAL AREA.

Describe the Organization's Program Activity:

Part 3 - Line 4a

OPENED A COMMUNITY DAYCARE FACILITY. THIS FACILITY IS OPEN TO ALL PERSONS AND PROVIDES MUCH NEEDED DAYCARE SERVICES IN THE AREA - CAPCITY 16 CHILDREN.


TO PROVIDE COMMUNITY LEADERSHIP THAT WILL ENCOURAGE AND WORK FOR ECONOMIC GROWTH IN BUSINESS, INDUSTRY AND TOURISM, THEREBY, ENHANCING THE QUALITY OF LIFE IN THE AREA WE SERVE.


PURCHASED AND RENOVATED APARTMENT BUILDINGS FOR MULTI-FAMILY HOUSING WITHIN THE COMMUNITY. THERE ARE SIXTEEN UNITS IN THE BUILDINGS.


PURCHASED NEW HEATING SYSTEM FOR APARTMENT BUILDINGS. ALSO INSTALLED NEW LIGHTING IN THE HALLWAY AND EXTERIOR OF THE APARTMENTS AND INSTALLED NEW SOFFIT ON 1 APARTMENT BUILDING. NEW SHOWER WAS ALSO INSTALLED IN 1 APARTMENT.


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Board, Officers & Key Employees

Name (title)Compensation
Rusty Gebhardt
President
$0
Kristen Gill
Vice -Presid
$0
Corrine Huber
Treasurer
$0
Kasey Maher
Secretary
$0
Joe Scherer
Director
$0
Jace Booth
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $9,291
All other contributions, gifts, grants, and similar amounts not included above$22,648
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$31,939
Total Program Service Revenue$210,813
Investment income $48
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 $242,800

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Timber Lake & Area Development Inc has recieved totaling $8,000.

Awarding OrganizationAmount
Kaboom Inc

Washington, DC

PURPOSE: PLAYSPACE CONSTRUCTION

$8,000
View Grant Recipient Profile

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