Colman Economic Development Corporation
- Assets
- $362.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Colman, SD
- Founding
- Data as of
- 12/2022
- 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 12/2022, Colman Economic Development Corporation generated $149.1k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 65.2% each year . All expenses for the organization totaled $38.0k during the year ending 12/2022. 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
2022
Describe the Organization's Program Activity:
Part 3
ENHANCE ECONOMIC WELL-BEING OF THE AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brent Nelson President | 0.5 | $0 | |
Jesse Larson Director | 0.5 | $0 | |
Billy Stitz Sec/treasurer | 0.5 | $0 | |
Keaton Westover Director | 0.5 | $0 | |
Lori Hanson Director | 0.5 | $0 | |
Brooke Rollag Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $149,048 |
| Membership dues | $0 |
| Investment income | $92 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $149,140 |
| 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 | $2,428 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $35,542 |
| Total expenses | $37,970 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $324,215 |
| Other assets | $0 |
| Total assets | $362,030 |
| Total liabilities | $0 |
| Net assets or fund balances | $362,030 |