Clear Lake Area Development Corporation
- Assets
- $55.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Clear Lake, SD
- Founding
- Data as of
- 12/2023
- EIN
- 87-4105727
Organization Overview
Clear Lake Area Development Corporation is located in Clear Lake, SD. 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. Clear Lake Area 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 12/2023, Clear Lake Area Development Corporation generated $92.3k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 31.9% each year . All expenses for the organization totaled $58.0k during the year ending 12/2023. While expenses have increased by 34.0% per year over the past 2 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.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
PROVIDED BUSINESS SUPPORT, BUSINESS DEVELOPMENT, AND ENRICHMENT OF CLEAR LAKE & DEUEL COUNTY
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sarah Salzer Executive Director | 40 | $36,000 | |
Joe Uckert Member | 1 | $0 | |
Cody Krause President | 1 | $0 | |
Harry Mewherter Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $88,000 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $4,298 |
| Other Revenue | $0 |
| Total Revenue | $92,298 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $36,140 |
| Professional fees and other payments to independent contractors | $19,472 |
| Occupancy, rent, utilities, and maintenance | $2,400 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $0 |
| Total expenses | $58,012 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $55,018 |
| Other assets | $0 |
| Total assets | $55,018 |
| Total liabilities | $0 |
| Net assets or fund balances | $55,018 |