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  3. Aberdeen Development Corporation (ADC)
EIN 46-6011831

Aberdeen Development Corporation (ADC)

IRS 501(c) type
501(c)(6)
Num. employees
4
City
Aberdeen
State
South Dakota
Year formed
1955
Most recent tax filings
2023-12-01
NTEE code, primary
S31: Urban, Community Economic Development
Description
Dedicate efforts to maintain and promote primary job creation in the city of Aberdeen and Brown County. The Aberdeen Development Corporation will be supportive of others having a common mission in the region.
Total revenues
$920,712
2023
Total expenses
$1,684,986
2023
Total assets
$11,453,901
2023
Num. employees
4
2023

Program areas at ADC

The corporation focuses on recruitment of new business and retention/expansion of existing business by promoting the region through disbursement of information and the building, selling and leasing of development sites. The corporation continued its industry efforts, but also placed an emphasis on entrepreneurial support and labor retention and recruitment.

Grants made by ADC

GranteeGrant descriptionAmount
Aberdeen Family YMCAEconomic Development$0

Who funds Aberdeen Development Corporation (ADC)

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Avera HealthSponsorship$10,000
Sanford Tax GroupEconomic Development,community Health Improvement$10,000
First Interstate BancSystem FoundationSupporting Community Based Childcare$140

Personnel at ADC

NameTitleCompensation
Tim HaniganChief Executive Officer$0
Taylor HansonVice President of Business Development
Kendra HinzDirector of Marketing and Special Projects
Michael BockornyPast Chief Executive Officer$178,047
Kip HansenBoard Member$0
...and 13 more key personnel

Financials for ADC

RevenuesFYE 12/2023
Total grants, contributions, etc.$224,162
Program services$283,036
Investment income and dividends$101,192
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$8,000
Net gain from sale of non-inventory assets$250,820
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$53,502
Total revenues$920,712

Form 990s for ADC

Fiscal year endingDate received by IRSFormPDF link
2023-122024-10-21990View PDF
2022-122023-08-30990View PDF
2021-122022-11-11990View PDF
2020-122021-08-27990View PDF
2020-032021-06-08990View PDF
...and 10 more Form 990s
Data update history
November 2, 2024
Updated personnel
Identified 1 new personnel
July 8, 2024
Received grants
Identified 1 new grant, including a grant for $10,000 from Avera Health
December 28, 2023
Received grants
Identified 1 new grant, including a grant for $10,000 from Sanford Tax Group
October 22, 2023
Posted financials
Added Form 990 for fiscal year 2022
July 28, 2023
Posted financials
Added Form 990 for fiscal year 2021
Nonprofit Types
Grantmaking organizationsPublic sector nonprofitsBusiness and community development organizations
Issues
Community improvementEconomic development
Characteristics
State / local levelReceives government fundingCommunity engagement / volunteering
General information
Address
506 S Main St Ste 2
Aberdeen, SD 57401
County
Brown County, SD
Website URL
adcsd.com/ 
Phone
(605) 229-5335
Facebook page
aberdeendevelopment 
IRS details
EIN
46-6011831
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1955
Eligible to receive tax-deductible contributions (Pub 78)
No
Categorization
NTEE code, primary
S31: Urban, Community Economic Development
NAICS code, primary
926110: Economic Development Corporations and Economic Program Organizations
Parent/child status
Independent
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