Economic Development Corporation
- Assets
- $365.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Elk Point, SD
- Founding
- Data as of
- 12/2022
- EIN
- 43-2016069
Organization Overview
Economic Development Corporation is located in Elk Point, SD. 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. Economic 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.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
CURRENTLY THE ELK POINT ECONOMIC DEVELOPMENT CORP. IS FILLING OUR BUSINESS PARK. IN 2019 WE COMPLETED THE CONSTRUCTION OF OUR BUSINESS PARK, WE HAVE ONE TENANT AND ARE HOPING TO HAVE A SECOND BY THE END OF THE YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Derek Tuttle Director | 4 | $0 | |
Brian Coyle President | 1 | $0 | |
Brian Chicoine Treasurer | 1 | $0 | |
Deb Mccreary Secretary | 1 | $0 | |
Troy Donnelly Vice President | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $0 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $456 |
| Occupancy, rent, utilities, and maintenance | $1,495 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $0 |
| Total expenses | $1,951 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $108,748 |
| Other assets | $0 |
| Total assets | $365,204 |
| Total liabilities | $0 |
| Net assets or fund balances | $365,204 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Metropolitan Economic Development Association Minneapolis, MN | $45,113,584 | $12,064,856 |
Great Plains Institute For Sustainable Development Minneapolis, MN | $9,896,004 | $8,891,636 |
Minneapolis - St Paul Regional Economic Development Partnership Saint Paul, MN | $5,371,081 | $6,502,146 |
Omaha Economic Development Corp Omaha, NE | $18,549,776 | $6,962,293 |
Center For Economic Inclusion Saint Paul, MN | $9,315,769 | $9,776,985 |
Nextstage Bloomington, MN | $2,654,997 | $4,431,008 |
Grow South Dakota Sisseton, SD | $70,205,734 | $6,159,440 |
Wolf Run Village Inc Watford City, ND | $13,751,715 | $5,775,669 |
Minnesota Business Finance Corporation St Cloud, MN | $6,710,385 | $3,673,437 |
Glacier Country Regional Tourism Commission Inc Missoula, MT | $1,843,193 | $3,815,172 |
South Segment Community Development Corporation Halliday, ND | $18,333,660 | $2,595,332 |
Fargo Moorhead Convention & Visitors Bureau Inc Fargo, ND | $3,704,311 | $2,547,498 |