Southern Hills Economic Development
- Assets
- $38.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Hot Springs, SD
- Founding
- Data as of
- 12/2022
- EIN
- 45-4618382
Organization Overview
Southern Hills Economic Development is located in Hot Springs, SD.
For the year ending 12/2022, Southern Hills Economic Development generated $57.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (6.7%) each year. All expenses for the organization totaled $45.9k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (13.0%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
THE CORPORATION'S PURPOSE IS TO PROMOTE ECONOMIC INTEREST, DEVELOPMENT AND IMPROVEMENT TO THE QUALITY OF LIFE IN THE SOUTHERN BLACK HILLS OF SOUTH DAKOTA
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kelly Cape President | 2 | $0 | |
Martin Meyer Vice President | 1 | $0 | |
Barb Miller Treasurer | 1 | $0 | |
Andrea Powers Exec Office Secretar | 20 | $24,546 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,738 |
| Total Program Service Revenue | $2,888 |
| Membership dues | $46,900 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $114 |
| Total Revenue | $57,640 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $26,820 |
| Professional fees and other payments to independent contractors | $213 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $9,903 |
| Total expenses | $45,934 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $38,420 |
| Other assets | $0 |
| Total assets | $38,916 |
| Total liabilities | $802 |
| Net assets or fund balances | $38,114 |