1. Directory
  2. South Dakota
  3. Lake Preston Development Corporation
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
2023-12-01
NTEE code, primary
S30: Economic Development
Description
To promote, assist, encourage, and develop 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, sd, 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
$129,653
2023
Total expenses
$3,210
2023
Total assets
$692,893
2023
Num. employees
0
2023

Program areas at Lake Preston Development Corporation

To promote, assist, encourage, and develop 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, sd, and surrounding areas.

Personnel at Lake Preston Development Corporation

NameTitleCompensation
Zach HuthTreasurer$0
Jaryn HuthSecretary$0
Luke SmithPresident / Secretary$0
Missy OlsonTreasurer$0
Bob BodeVice President$0

Financials for Lake Preston Development Corporation

RevenuesFYE 12/2023
Total grants, contributions, etc.$125,000
Program services$0
Investment income and dividends$1,748
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$-454
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$3,359
Total revenues$129,653

Form 990s for Lake Preston Development Corporation

Fiscal year endingDate received by IRSFormPDF link
2023-122024-11-13990View PDF
2022-122023-11-14990View PDF
2021-122022-11-15990EZView PDF
2020-122021-11-13990EZView PDF
2018-122020-06-09990EZView PDF
...and 8 more Form 990s

Organizations like Lake Preston Development Corporation

OrganizationLocationRevenue
The Fund for Northern Tier DevelopmentWellsboro, PA$208,065
Tioga Area Economic Development CorporationTioga, ND$196,987
Meade County Economic Development CommitteeMeade, KS$84,276
Orono Economic Development CorporationOrono, ME$78,914
Portland Economic Development CorporationPortland, IN$406,510
Columbia County Economic Development CorporationPortage, WI$96,821
Northeast Oregon Business DevelopmentEnterprise, OR$45,232
Remsen Economic Development CorporationRemsen, IA$106,551
South Shore Economic Development CorporationRockland, MA$410,918
IdeaRiverton, WY$283,758
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 levelReceives government fundingNo full-time employees
General information
Address
PO Box 215
Lake Preston, SD 57249
County
Kingsbury County, SD
Phone
(651) 303-6987
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
S30: Economic Development
NAICS code, primary
926110: Economic Development Corporations and Economic Program Organizations
Parent/child status
Independent
Free account sign-up

Want updates when Lake Preston Development Corporation has new information, or want to find more organizations like Lake Preston Development Corporation?

Create free Cause IQ account
Cause IQ is a website that helps companies grow, maintain, and serve their nonprofit clients, and helps nonprofits find additional foundation funding. Our data and tools help professionals prospect for nonprofits, research opportunities, benchmark their clients, and enrich existing information.
Nonprofits
Product
Customers
About

© 2025 Nonprofit Metrics LLC
Terms of Service and Privacy Policy