Colman Economic Development Corporation
- Assets
- $250.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Colman, SD
- Founding
- Data as of
- 12/2021
- EIN
- 56-2539591
Organization Overview
Colman Economic Development Corporation is located in Colman, SD. Colman 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 12/2021, Colman Economic Development Corporation generated $77.4k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 56.9% each year . All expenses for the organization totaled $49.3k during the year ending 12/2021. While expenses have increased by 4.7% per year over the past 3 years. They've been increasing with an increasing level of total revenue. 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
2021
Describe the Organization's Program Activity:
Part 3
ENHANCE ECONOMIC WELL-BEING OF THE AREA.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Landis President | 0.5 | $0 | |
Brent Nelson Director | 0.5 | $0 | |
Lori Hanson Director | 0.5 | $0 | |
Terry Thompson Vice President | 0.5 | $0 | |
Brooke Rollag Sec/treasurer | 0.5 | $0 | |
Keaton Westover Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,000 |
| Total Program Service Revenue | $72,375 |
| Membership dues | $0 |
| Investment income | $17 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $77,392 |
| 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 | $13,151 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $31,171 |
| Total expenses | $49,322 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $193,663 |
| Other assets | $0 |
| Total assets | $250,860 |
| Total liabilities | $0 |
| Net assets or fund balances | $250,860 |
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