South Central Development

Organization Overview

South Central Development is located in Winner, SD. The organization was established in 1988. According to its NTEE Classification (S02) the organization is classified as: Management & Technical Assistance, 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. South Central Development 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 12/2022, South Central Development generated $45.9k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 10.3% each year . All expenses for the organization totaled $64.6k during the year ending 12/2022. While expenses have increased by 2.1% per year over the past 8 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

2022

Describe the Organization's Mission:

Part 3 - Line 1

PROMOTE ECONOMIC DEVELOPMENT

Describe the Organization's Program Activity:

Part 3 - Line 4a

MAINTAINS A REVOLVING LOAN FUND. CURRENTLY THEY HAVE TWELVE LOW-INTEREST LOANS THEY ARE MAINTAINING.


THEY HAVE AN ONGOING EFFORT WORKING TO ENCOURAGE BUSINESSES TO LOCATE TO THE WINNER, SD, AREA.


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Board, Officers & Key Employees

Name (title)Compensation
Kelly Meiners
President
$0
James Mathis
Vice Preside
$0
Dan Patmore
Secretary
$0
Blake Tideman
Treasurer
$0
John Meyer
Board Member
$0
Craig Schaeffer
Board Member
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $30,000
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$30,000
Total Program Service Revenue$14,515
Investment income $1,389
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 $45,904

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