Sisseton Economic Development Corporation
- Assets
- $198.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Sisseton, SD
- Founding
- 09/1987
- Data as of
- 12/2018
- EIN
- 36-3482696
Organization Overview
Sisseton Economic Development Corporation is located in Sisseton, SD. The organization was established in 1987. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sisseton Economic Development Corporation is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2018, Sisseton Economic Development Corporation generated $4.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (16.2%) each year. All expenses for the organization totaled $13.2k during the year ending 12/2018. As we would expect to see with falling revenues, expenses have declined by (39.7%) per year over the past 3 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2018
Describe the Organization's Program Activity:
Part 3
CONTINUED TO SEEK ECONOMIC GROWTH OPPORTUNITIES FOR THE SISSETON AREA.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mike Brooks Secretary | 0 | $0 | |
Ben Hanson President | 0 | $0 | |
Lori Finnesand Director | 0 | $0 | |
Gordon Nielsen Vice Preside | 0 | $0 | |
Aarik Gray Director | 0 | $0 | |
Mike Fisher Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $4,759 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $59 |
| Total Revenue | $4,818 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $9,716 |
| Occupancy, rent, utilities, and maintenance | $779 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $2,704 |
| Total expenses | $13,199 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $82,921 |
| Other assets | $0 |
| Total assets | $198,525 |
| Total liabilities | $393 |
| Net assets or fund balances | $198,132 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Metropolitan Economic Development Association Minneapolis, MN | $45,113,584 | $12,064,856 |
Great Plains Institute For Sustainable Development Minneapolis, MN | $9,896,004 | $8,891,636 |
Minneapolis - St Paul Regional Economic Development Partnership Saint Paul, MN | $5,371,081 | $6,502,146 |
Omaha Economic Development Corp Omaha, NE | $18,549,776 | $6,962,293 |
Center For Economic Inclusion Saint Paul, MN | $9,315,769 | $9,776,985 |
Nextstage Bloomington, MN | $2,654,997 | $4,431,008 |
Grow South Dakota Sisseton, SD | $70,205,734 | $6,159,440 |
Wolf Run Village Inc Watford City, ND | $13,751,715 | $5,775,669 |
Minnesota Business Finance Corporation St Cloud, MN | $6,710,385 | $3,673,437 |
Glacier Country Regional Tourism Commission Inc Missoula, MT | $1,843,193 | $3,815,172 |
South Segment Community Development Corporation Halliday, ND | $18,333,660 | $2,595,332 |
Fargo Moorhead Convention & Visitors Bureau Inc Fargo, ND | $3,704,311 | $2,547,498 |