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  3. Brookings Economic Development Corporation (BEDC)
EIN 46-0440746

Brookings Economic Development Corporation (BEDC)

IRS 501(c) type
501(c)(6)
Num. employees
5
City
Brookings
State
South Dakota
Year formed
1995
Most recent tax filings
2023-12-01
NTEE code, primary
S30: Economic Development
Description
Brookings Economic Development Corporation is the primary engine for promoting economic growth in Brookings, South Dakota and the surrounding area. BEDC serves as an advocate for the business community by building relationships with companies that allow them to succeed by taking advantage of the area's unique and progressive business environment. BEDC has developed strong partnerships with key groups in order to provide the resources businesses need to achieve success. BEDC offers several services to current and prospective businesses.
Total revenues
$778,346
2023
Total expenses
$960,856
2023
Total assets
$6,222,177
2023
Num. employees
5
2023

Program areas at BEDC

Enhance economic well-being of the Brookings and surrounding area.

Grants made by BEDC

GranteeGrant descriptionAmount
Brookings Area Chamber of CommerceEvents$70,000
Research Park at SdsuCampaign VB2027$36,000
Downtown BrookingsDowntown Brookings Master Plan Gran$35,000

Personnel at BEDC

NameTitleCompensation
Tim ReedExecutive Director and Chief Executive Officer$74,877
Daniel SchollDirector$0
Victoria BlatchfordPast President$0
Carla GatzkePast President / Vice President / President / Secretary and Treasurer / Director$0
Yvette CampbellSecretary and Treasurer$0
...and 2 more key personnel

Financials for BEDC

RevenuesFYE 12/2023
Total grants, contributions, etc.$273,350
Program services$270,136
Investment income and dividends$42,996
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$108,126
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$83,738
Total revenues$778,346

Form 990s for BEDC

Fiscal year endingDate received by IRSFormPDF link
2023-122024-11-15990View PDF
2022-122023-11-14990View PDF
2021-122022-11-14990View PDF
2020-122021-09-21990View PDF
2019-122020-09-21990View PDF
...and 9 more Form 990s

Organizations like BEDC

OrganizationLocationRevenue
Washington Economic Development Association IonSeattle, WA$767,858
Middlesex 3 CoalitionBillerica, MA$717,730
Goshen Economic DevelopmentTorrington, WY$942,191
Economic Development Corporation of Lea CountyHobbs, NM$1,554,450
Advance CasperCasper, WY$878,368
Sturgis Economic Development CorporationSturgis, SD$340,998
Pike County Economic Growth and Development CouncilPetersburg, IN$564,985
Dodge City-Ford County Development Corpo rationDodge City, KS$678,328
Cheyenne LeadsCheyenne, WY$1,139,404
Hendry County Economic Development CouncilLabelle, FL$236,982
Data update history
September 26, 2024
Updated personnel
Identified 8 new personnel
January 22, 2024
Updated personnel
Identified 2 new personnel
January 15, 2024
Posted financials
Added Form 990 for fiscal year 2022
July 15, 2023
Posted financials
Added Form 990 for fiscal year 2021
May 6, 2023
Received grants
Identified 1 new grant, including a grant for $20,000 from Brookings Foundation
Nonprofit Types
Public sector nonprofitsBusiness and community development organizations
Issues
Community improvementEconomic development
Characteristics
MembershipsState / local levelReceives government funding
General information
Address
2301 Research Park Way Suite 113
Brookings, SD 57006
County
Brookings County, SD
Website URL
brookingsedc.com/ 
Phone
(605) 697-8103
Facebook page
brookings-economic-development-corporation 
Twitter profile
@brookingsedc 
IRS details
EIN
46-0440746
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1995
Eligible to receive tax-deductible contributions (Pub 78)
No
Categorization
NTEE code, primary
S30: Economic Development
NAICS code, primary
926110: Economic Development Corporations and Economic Program Organizations
Parent/child status
Independent
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