Areawide Business Council Incorporated

Organization Overview

Areawide Business Council Incorporated is located in Yankton, SD. The organization was established in 1983. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood 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. Areawide Business Council Incorporated is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2022, Areawide Business Council Incorporated generated $251.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (7.2%) each year. All expenses for the organization totaled $102.9k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (0.7%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

ECONOMIC DEVELOPMENT

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE PRIMARY PURPOSE OF AREAWIDE BUSINESS COUNCIL INC IS ECONOMIC DEVELOPMENT. THE MAIN VEHICLE FOR ACCOMPLISHING THIS IS THROUGH LOW-INTEREST LOANS MADE TO INDIVIDUALS WISHING TO START A BUSINESS OR TO EXISTING BUSINESSES WISHING TO EXPAND THEIR BUSINESS. PROGRESS IS MEASURED IN THE NUMBER OF LOANS MADE, THE AMOUNT OF PRIVATE INVESTMENT LEVERAGED, AND THE NUMBER OF JOBS CREATED OR SAVED. SINCE INCEPTION, AREAWIDE BUSINESS COUNCIL INC HAS MADE 418 LOANS, LEVERAGED $129.5 MILLION IN PRIVATE INVESTMENTS, AND CREATED OR SAVED 3,573 JOBS.


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Board, Officers & Key Employees

Name (title)Compensation
Ron Kraft
Secretary-Treasurer
$0
Gerrit Juffer
Vice Chairman
$0
Larry Mcmanus
Chairman
$0
David Lambert
Board Member
$0
Erik Koenigs
Board Member
$0
Linda Willman
Board Member
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$1,309
Government grants $58,000
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$59,309
Total Program Service Revenue$181,441
Investment income $10,687
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $251,437

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