Minnehaha County Economic Development Association
- Assets
- $0.0
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Sioux Falls, SD
- Founding
- 06/1992
- Data as of
- 05/2021
- EIN
- 46-0416280
Organization Overview
Minnehaha County Economic Development Association is located in Sioux Falls, SD. The organization was established in 1992. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood 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. Minnehaha County Economic Development Association 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 05/2021, Minnehaha County Economic Development Association generated $133.4k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $357.6k during the year ending 05/2021. 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
2021
Describe the Organization's Program Activity:
Part 3
FURTHERANCE OF ECONOMIC DEVELOPMENT OF MINNEHAHA COUNTY, SD. THE PROMOTION AND ASSISTANCE OF GROWTH AND DEVELOPMENT OF MINNEHAHA COUNTY, SD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rick Lehman Board Member | 1 | $0 | |
Jesse Fonkert Executive Di | 5 | $0 | |
Dennis Olson Secr./treas. | 1 | $0 | |
Mike Wendland President | 1 | $0 | |
Marv Wieman Board Member | 1 | $0 | |
Dean Karsky Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,691 |
| Total Program Service Revenue | $0 |
| Membership dues | $131,950 |
| Investment income | $9 |
| Gain or Loss | -$6,510 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $236 |
| Total Revenue | $133,376 |
| 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 | $9,357 |
| Occupancy, rent, utilities, and maintenance | $1,487 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $92,796 |
| Total expenses | $357,576 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $0 |
| Other assets | $0 |
| Total assets | $0 |
| Total liabilities | $0 |
| Net assets or fund balances | $0 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Minnehaha County Economic Development Association has recieved totaling $8,800.
| Awarding Organization | Amount |
|---|---|
Sioux Falls Development Foundation Inc Sioux Falls, SD PURPOSE: PPP loan distribution | $8,800 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Spire Credit Union Falcon Heights, MN | $1,948,614,361 | $81,305,193 |
Serveminnesota Minneapolis, MN | $9,195,680 | $42,573,491 |
Arrowhead Economic Opportunity Agency Incorporated Virginia, MN | $33,957,216 | $39,136,123 |
Minnesota Valley Action Council Inc Mankato, MN | $12,018,161 | $29,353,976 |
Tri-Valley Opportunity Council Inc Crookston, MN | $15,068,505 | $26,983,244 |
United Community Action Partnership Inc Marshall, MN | $18,347,423 | $25,415,099 |
Des Moines Performing Arts Des Moines, IA | $53,428,793 | $29,638,099 |
Community Action Of Eastern Iowa Davenport, IA | $4,145,446 | $19,807,458 |
Mahube-Otwa Community Action Partnership Inc Detroit Lakes, MN | $6,691,451 | $20,228,935 |
Upper Des Moines Opportunity Inc Graettinger, IA | $5,376,639 | $17,208,548 |
Central Nebraska Community Action Partnership Inc Loup City, NE | $11,182,517 | $15,277,585 |
Community Action Agency Of Siouxland Sioux City, IA | $5,735,581 | $15,017,682 |