Lemmon Area Charitable And Economic Development Corporation

Organization Overview

Lemmon Area Charitable And Economic Development Corporation is located in Lemmon, SD. The organization was established in 1995. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lemmon Area Charitable And Economic Development Corporation 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 12/2022, Lemmon Area Charitable And Economic Development Corporation generated $153.2k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.9%) each year. All expenses for the organization totaled $222.3k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

ASSIST IN RAISING THE ECONOMIC AND SOCIAL WELFARE OF LOW-INCOME RESIDENTS, EDUCATION, ECONOMIC GROWTH AND DEVELOPEMENT, AND THE PRESERVATION OF HISTORIC CHARACTER OF LEMMON, SD AND PERKINS COUNTY, SD.

Describe the Organization's Program Activity:

Part 3 - Line 4a

ASSIST IN RAISING THE ECONOMIC AND SOCIAL WELFARE OF LOW-INCOME RESIDENTS,EDUCATION, ECONOMIC GROWTH AND DEVELOPMEN, AND THE PRESERVATION OF HISTORIC CHARACTER OF LEMMON, SD AND PERKINS COUNTY, SD


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Board, Officers & Key Employees

Name (title)Compensation
David Johnson
Executive Dir.
$41,400
Chad Bumgarten
Director
$0
Lyndsey Wheeler
Secretary
$0
Jason Lillich
Vice President
$0
Ryan Kohn
President
$0
Judy Larson
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $83,982
All other contributions, gifts, grants, and similar amounts not included above$34,483
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$118,465
Total Program Service Revenue$35,131
Investment income $0
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income -$6,907
Net Gain/Loss on Asset Sales $6,192
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $153,216

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