Necog Development Corporation

Organization Overview

Necog Development Corporation is located in Aberdeen, SD. The organization was established in 1995. According to its NTEE Classification (W60) the organization is classified as: Financial Institutions, under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Necog Development Corporation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2021, Necog Development Corporation generated $1.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 23.8% each year . All expenses for the organization totaled $380.5k during the year ending 12/2021. While expenses have increased by 19.2% per year over the past 7 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

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO LOAN FEDERAL AND STATE FUNDS TO LOCAL BUSINESSES AND INDUSTRY AND TO ASSIST BUSINESSES IN CREATING AND RETAINING JOBS FOR THE REGION.

Describe the Organization's Program Activity:

Part 3 - Line 4a

TO LOAN FEDERAL AND STATE FUNDS TO LOCAL BUSINESSES AND INDUSTRY AND TO ASSIST BUSINESSES IN CREATING AND RETAINING JOBS FOR THE REGION.


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Board, Officers & Key Employees

Name (title)Compensation
Donald Kallenberger
Chairperson
$550
Doug Deboer
At-Large Director
$550
G Todd Garry
At-Large Director
$525
R Craig Oberle
Secretary/treasurer
$450
Jason Jung
At-Large Director
$300
Scott Campbell
Vice Chairperson
$250

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $728,928
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$728,928
Total Program Service Revenue$237,873
Investment income $4,189
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $39,165
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 $1,010,155

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Necog Development Corporation has recieved totaling $7,500.

Awarding OrganizationAmount
South Dakota Community Foundation

Pierre, SD

PURPOSE: Community welfare

$7,500
View Grant Recipient Profile

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