Grow Spink Incorporated
- Assets
- $338.7k
- Revenue
- $74.9k
- Investments
- $0.0
- Employees
- 1
- Location
- Redfield, SD
- Founding
- 09/2002
- Data as of
- 12/2021
- EIN
- 41-2018894
Organization Overview
Grow Spink Incorporated is located in Redfield, SD. The organization was established in 2002. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, 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. Grow Spink Incorporated is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2021, Grow Spink Incorporated generated $74.9k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.3%) each year. All expenses for the organization totaled $75.8k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (6.3%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
COMMUNITY AND ECONOMIC DEVELOP- MENT AND CREATE A LIASON BETWEEN COUNTY AND CITY OFFICIALS
Describe the Organization's Program Activity:
Part 3 - Line 4a
MONIES ARE USED TO CLEAN UP PROBLEM AREAS AND PROVIDE AFFORDABLE HOUSING TO STIMULATE THE ECONOMIC GROWTH OF THE AREA.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gianna Latero CEO | Officer | 50 | $46,542 |
Clayton Blachford Secretary | Officer | 10 | $0 |
Paul Domke Treasuer | Officer | 10 | $0 |
Michelle Stuck President | Officer | 20 | $0 |
Joe Morrissette Director | Trustee | 10 | $0 |
Dustin Rische Director | Trustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $68,203 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,675 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $74,878 |
| Total Program Service Revenue | $0 |
| Investment income | $69 |
| 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 | $74,947 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $46,542 |
| Compensation of current officers, directors, key employees. | $46,542 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $1,744 |
| Other employee benefits | $6,922 |
| Payroll taxes | $3,665 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $170 |
| Fees for services: Accounting | $1,471 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $177 |
| Office expenses | $314 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $7,201 |
| Travel | $863 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $206 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,656 |
| All other expenses | $1,001 |
| Total functional expenses | $75,832 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $75,322 |
| Savings and temporary cash investments | $7,812 |
| Pledges and grants receivable | $49,108 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $206,454 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $338,696 |
| Accounts payable and accrued expenses | $792 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $200,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $200,792 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $137,904 |
| Total liabilities and net assets/fund balances | $338,696 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Grow Spink Incorporated has recieved totaling $0.
| Awarding Organization | Amount |
|---|---|
Organization Name not Listed PURPOSE: 5000 | | $0 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Minnesota Hospital Association St Paul, MN | $27,636,744 | $11,552,322 |
Aca International Eagan, MN | $12,262,505 | $9,311,579 |
Minneapolis Downtown Improvement District Minneapolis, MN | $3,331,993 | $8,257,561 |
Nutech Ventures Lincoln, NE | $5,844,401 | $7,636,320 |
Greater Des Moines Partnership Des Moines, IA | $8,726,466 | $7,643,877 |
Greater Sioux Falls Chamber Of Commerce Sioux Falls, SD | $10,050,793 | $7,933,347 |
American Simmental Association Bozeman, MT | $18,730,338 | $6,575,498 |
Minnesota Association Of Professional Employees Mape Shoreview, MN | $22,099,313 | $6,757,766 |
Wyoming Chambers Health Benefit Association Gillette, WY | $3,153,493 | $5,111,173 |
New Better Business Bureau Inc Omaha, NE | $8,883,722 | $5,104,852 |
Minnesota Chamber Of Commerce And Industry St Paul, MN | $7,317,783 | $6,035,761 |
Quad Cities Chamber Of Commerce Inc Davenport, IA | $6,923,690 | $5,913,965 |