EIN 46-0358940

Spearfish Economic Development Corporation

Name: Spearfish Economic Development Corporation financials for 2023
Creator: Cause IQ
License: https://creativecommons.org/licenses/by-nc-nd/4.0/

Programs|Personnel|Financials|Form 990s|Peers

IRS 501(c) type

501(c)(4)

Num. employees

City

Spearfish

State

South Dakota

Year formed

1980

Most recent tax filings

2023-12-01

NTEE code, primary

S30: Economic Development

Description

Spearfish Economic Development Corporation promotes economic growth for the city of Spearfish and surrounding area. It increases community awareness of economic development, provides business consultation to local existing businesses in marketing, finance, local demographics and trends, and provides business consultation to local entrepreneurs through demographic information. The organization administrates low interest loans to developing and/or new businesses in an effort to create new job opportunities and provide incentive to bring new businesses to the area.

Also known as...

Spearfish Industrial Development

Total revenues

$647,534

2023

Total expenses

$389,027

2023

Total assets

$3,512,500

2023

Num. employees

2023

Program areas at Spearfish Economic Development Corporation

Increased community awareness of Economic Development. Provided business consultation to local existing businesses in marketing, finance, local demographics and trends. Provided business consultation to local entrepreneurs through demo graphical information, assistance with business plan Development and locatin financing sources. Encouraged new businesses to locate in Spearfish, sd .

Administrate low interest loans to developing and/or new businesses to community of Spearfish in an effort to create new job opportunities and provide incentive to bring new businesses to area

Personnel at Spearfish Economic Development Corporation

Name	Title	Compensation	Date of data
Kory Menken	Executive Director	$125,936	2022-12-31
Tj Gusso	Treasurer	$0	2023-11-15
John Buxton	Vice President	$0	2022-12-31
Jenni Sneesby	President / Director	$0	2022-12-31
Joe Conklin	Past President / Vice President / Director	$0	2022-12-31
...and 11 more key personnel

Financials for Spearfish Economic Development Corporation

Revenues	FYE 12/2023	FYE 12/2022	% Change
Total grants, contributions, etc.	$70,723	$445,904	-84.1%
Program services	$83,000	$77,000	7.8%
Investment income and dividends	$8,957	$2,093	328%
Tax-exempt bond proceeds	$0	$0	-
Royalty revenue	$0	$0	-
Net rental income	$484,854	$142,196	241%
Net gain from sale of non-inventory assets	$0	$0	-
Net income from fundraising events	$0	$0	-
Net income from gaming activities	$0	$0	-
Net income from sales of inventory	$0	$0	-
Miscellaneous revenues	$0	$0	-
Total revenues	$647,534	$667,193	-2.9%

Form 990s for Spearfish Economic Development Corporation

Fiscal year ending	Date received by IRS	Form	PDF link
2023-12	2024-10-25	990	View PDF
2022-12	2023-11-15	990	View PDF
2021-12	2022-05-16	990	View PDF
2020-12	2021-06-30	990	View PDF
2019-12	2021-06-25	990	View PDF
...and 9 more Form 990s

Organizations like Spearfish Economic Development Corporation

Organization	Type	Location	Revenue
Economic Development Corporation of Jefferson County Missouri	501(c)(4)	Hillsboro, MO	$373,923
Lincolnland Economic Development Corp	501(c)(4)	Rockport, IN	$181,369
Grant County Economic Development Corporation	501(c)(4)	Lancaster, WI	$166,406
Clay County Economic Development Council	501(c)(4)	Gladstone, MO	$457,781
Mccook Economic Development Corporation	501(c)(4)	Mccook, NE	$1,409,592
Schuylkill Economic Development Corporation	501(c)(4)	Pottsville, PA	$639,525
Waupaca County Economic Development Corporation	501(c)(4)	New London, WI	$2,187,329
Whitley County Economic Development Corporation	501(c)(4)	Columbia City, IN	$438,133
Economic Development Corp of Decatur-Macon County	501(c)(4)	Decatur, IL	$609,955
Siskiyou Co Economic Development Council	501(c)(4)	Yreka, CA	$2,426,196

Data update history

January 23, 2024

Updated personnel

Identified 6 new personnel

January 22, 2024

Posted financials

Added Form 990 for fiscal year 2022

January 2, 2024

Used new vendors

Identified 1 new vendor, including

November 25, 2023

Posted financials

Added Form 990 for fiscal year 2021

May 21, 2023

Updated personnel

Identified 3 new personnel

Nonprofit Types

Public sector nonprofitsBusiness and community development organizations

Issues

Community improvementEconomic development

Characteristics

MembershipsState / local levelManagement and technical assistanceCommunity engagement / volunteering

General information

Address: 106 W Kansas St; Spearfish, SD 57783
County: Lawrence County, SD
Website URL: spearfishdevelopment.com/
Phone: (605) 642-3832

IRS details

EIN: 46-0358940
Fiscal year end: December
Taxreturn type: Form 990
Year formed: 1980
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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Spearfish Economic Development Corporation

Program areas at Spearfish Economic Development Corporation

Personnel at Spearfish Economic Development Corporation

Financials for Spearfish Economic Development Corporation

Form 990s for Spearfish Economic Development Corporation

Organizations like Spearfish Economic Development Corporation

Nonprofits

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