Canton Economic Development Corporationn
- Assets
- $370.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Canton, SD
- Founding
- 03/1995
- Data as of
- 12/2021
- EIN
- 46-0434534
Organization Overview
Canton Economic Development Corporationn is located in Canton, SD. The organization was established in 1995. 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. Canton Economic Development Corporationn 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.
For the year ending 12/2021, Canton Economic Development Corporationn generated $17.9k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.7%) each year. All expenses for the organization totaled $42.7k during the year ending 12/2021. 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
FURTHER THE ECONOMIC DEVELOPMENT OF THE COMMUNITY AND PROMOTE AND ASSIST IN THE GROWTH AND DELVELOPEMNT OF SMALL BUSINESSES IN THE COMMUNITY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jon Frick Director | 0 | $0 | |
Dawn Trowbridge Director | 0 | $0 | |
Todd Gannon Director | 0 | $0 | |
Terry Gerber Director/secretary | 0 | $0 | |
Leon Eich Director/treasurer | 0 | $0 | |
Todd Baldwin Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $13,700 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $4,207 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $17,907 |
| 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 | $24,787 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $17,904 |
| Total expenses | $42,691 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $48,876 |
| Other assets | $0 |
| Total assets | $370,005 |
| Total liabilities | $54,146 |
| Net assets or fund balances | $315,859 |
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 |