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EIN 46-0394983

Mitchell Area Development Corporation

IRS 501(c) type
501(c)(3)
Num. employees
0
City
Mitchell
State
South Dakota
Year formed
1985
Most recent tax filings
2024-09-01
NTEE code, primary
S31: Urban, Community Economic Development
Description
Mitchell Area Development Corporation is an urban development organization in Mitchell, SD whose mission is: Promote economic Development in the Mitchell, sd Area.
Related structure
Mitchell Area Development Corporation is a subordinate organization under Mitchell Area Chamber of Commerce.
Total revenues
$1,050,468
2024
20202021202220232024$0$1m$2m
Total expenses
$833,318
2024
20202021202220232024$0$0.4m$0.8m
Total assets
$5,553,609
2024
20202021202220232024$4m$5m$6m
Num. employees
0
2024
2020202120222023202400.51

Program areas at Mitchell Area Development Corporation

Program services include activities to promote economic Development in the Mitchell Area. The organization provides funding to recruit various businesses to the Mitchell Area. With the goal of creating new jobs improving the local economic base. Land has been acqired for future prospects buildings have been acquired to lease to commercial tenants.
Workforce Development provides assistance to develop the Mitchell Area workforce by facilitating manufacturing business expansions in the region.
Economic Development for assistance in creating jobs in the Mitchell trade Area.

Who funds Mitchell Area Development Corporation

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Avera HealthSponsorship$90,000
Sam F Weller Family FoundationSupplies$4,000

Personnel at Mitchell Area Development Corporation

NameTitleCompensation
Geri BeckSecretary and Chief Executive Officer$126,500
Mike LauritsenExecutive Director$0

Financials for Mitchell Area Development Corporation

RevenuesFYE 09/2024
Total grants, contributions, etc.$703,025
Program services$0
Investment income and dividends$57,495
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$-95,015
Net gain from sale of non-inventory assets$388,270
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$-3,307
Total revenues$1,050,468

Form 990s for Mitchell Area Development Corporation

Fiscal year endingDate received by IRSFormPDF link
2024-092025-01-27990View PDF
2023-092024-04-25990View PDF
2022-092023-02-13990View PDF
2021-092022-05-13990View PDF
2020-092021-04-06990View PDF
...and 11 more Form 990s

Organizations like Mitchell Area Development Corporation

OrganizationLocationRevenue
Market VanburenBenton Harbor, MI$514,262
Greater Jamaica Local Development CompanyJamaica, NY$593,689
North Central Massachusetts Development CorporationFitchburg, MA$1,614,235
Northeast Mo Rural Development CorporationMemphis, MO$529,735
Destination Downtown South BostonSouth Boston, VA$340,717
Lancaster City AllianceLancaster, PA$1,408,167
Lawrence PartnershipLawrence, MA$972,745
Target Alpena Development CorporationAlpena, MI$330,922
Boston Local Development CorporationBoston, MA$1,971,693
Wichita Downtown Development CorporationWichita, KS$934,520
Data update history
February 4, 2025
Used new vendors
Identified 2 new vendors, including , and
January 24, 2025
Updated personnel
Identified 5 new personnel
July 8, 2024
Received grants
Identified 1 new grant, including a grant for $90,000 from Avera Health
May 19, 2024
Posted financials
Added Form 990 for fiscal year 2023
May 19, 2024
Updated personnel
Identified 2 new personnel
Nonprofit Types
Public sector nonprofitsBusiness and community development organizationsChapter / child organizationsCharities
Issues
Community improvementEconomic development
Characteristics
State / local levelReceives government fundingTax deductible donationsNo full-time employeesAccepts online donations
General information
Address
601 N Main St
Mitchell, SD 57301
County
Davison County, SD
Website URL
movetomitchell.com/ 
Phone
(605) 996-1140
IRS details
EIN
46-0394983
Fiscal year end
September
Taxreturn type
Form 990
Year formed
1985
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
S31: Urban, Community Economic Development
NAICS code, primary
926110: Economic Development Corporations and Economic Program Organizations
Parent/child status
Subordinate organization
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