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EIN 51-0199304

Lake Preston Development Corporation

IRS 501(c) type
501(c)(4)
Num. employees
0
City
Lake Preston
State
South Dakota
Year formed
1977
Most recent tax filings
2022-12-01
NTEE code, primary
S31: Urban, Community Economic Development
Description
To promote assist encourage and develope the business and economic prosperity of Lake Preston SD and the surrounding area. To encourage new industry to rehabilitate existing industries and to promote the agricUltural and recreational development of Lake Preston and surrounding areas. Own and maintain property for Corporation to lease for health care facility in our community. Maintain loans for local businesses that cannot utilize commercial lenders.
Total revenues
$293,316
2022
Total expenses
$92,878
2022
Total assets
$444,476
2022
Num. employees
0
2022

Personnel at Lake Preston Development Corporation

NameTitleCompensation
Missy OlsonTreasurer$0
Jake SmithPresident / Member$0
Lucke SmithSecretary$0
Bob BodeVice President$0

Financials for Lake Preston Development Corporation

RevenuesFYE 12/2022
Total grants, contributions, etc.$120
Program services$0
Investment income and dividends$1,363
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$141
Net gain from sale of non-inventory assets$291,692
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$293,316

Form 990s for Lake Preston Development Corporation

Fiscal year endingDate received by IRSFormPDF link
2022-122023-11-14990View PDF
2021-122022-11-15990EZView PDF
2020-122021-11-13990EZView PDF
2018-122020-06-09990EZView PDF
2017-122018-12-22990EZView PDF
...and 7 more Form 990s

Organizations like Lake Preston Development Corporation

OrganizationLocationRevenue
Clark Industrial Development CorporationClark, SD$159,207
Regent Development CorporationRegent, ND$102,128
Erie Community Improvement CorporationSandusky, OH$125,000
Carmel Midtown Community Development CorporationCarmel, IN$330,764
Community Development Foundation inHamilton, AL$101,937
Industrial Development Corporation of Port of Corpus ChristiCorpus Christi, TX$82,500
Local Development District Association of PennsylvaniaRidgway, PA$104,999
International GatewayMinneapolis, MN$130,380
Lincoln County Enterprise Development CorporationIvanhoe, MN$81,800
Allen County Development CorporationLima, OH$259,377
Data update history
January 24, 2024
Posted financials
Added Form 990 for fiscal year 2022
January 24, 2024
Updated personnel
Identified 3 new personnel
January 3, 2024
Used new vendors
Identified 1 new vendor, including
June 25, 2023
Posted financials
Added Form 990EZ for fiscal year 2021
June 21, 2023
Posted financials
Added Form 990EZ for fiscal year 2020
Nonprofit Types
Public sector nonprofitsBusiness and community development organizations
Issues
Community improvementEconomic development
Characteristics
Partially liquidatedState / local levelNo full-time employees
General information
Address
PO Box 215
Lake Preston, SD 57249
County
Kingsbury County, SD
Phone
(605) 847-4411
IRS details
EIN
51-0199304
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1977
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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