Lincoln County Economic Development Association is located in Sioux Falls, SD. The organization was established in 2000. 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. Lincoln County Economic Development Association 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 05/2021, Lincoln County Economic Development Association generated $131.0k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 7.9% each year. All expenses for the organization totaled $147.9k during the year ending 05/2021. While expenses have increased by 8.6% per year over the past 6 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
FURTHERANCE OF ECONOMIC DEVELOPMENT OF LINCOLN COUNTY, SD (EXCLUSIVE OF SIOUX FALLS). THE PROMOTION AND ASSISTANCE OF GROWTH AND DEVELOPMENT OF LINCOLN COUNTY, SD.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Eric Pauli President | 1 | $0 | |
Todd Nelson Sec./treas./ | 1 | $0 | |
Sharese Ihnen Board Member | 1 | $0 | |
Joel Arends Board Member | 1 | $0 | |
Scott Dewitt Board Member | 1 | $0 | |
Sam Wagner Board Member | 1 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
Total Program Service Revenue | $0 |
Membership dues | $131,001 |
Investment income | $1 |
Gain or Loss | $0 |
Net Income from Gaming & Fundraising | $0 |
Other Revenue | $0 |
Total Revenue | $131,002 |
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 | $8,788 |
Occupancy, rent, utilities, and maintenance | $1,487 |
Printing, publications, postage, and shipping | $0 |
Other expenses | $65,023 |
Total expenses | $147,910 |
Balance Sheet | |
---|---|
Cash, savings, and investments | $0 |
Other assets | $0 |
Total assets | $0 |
Total liabilities | $0 |
Net assets or fund balances | $0 |
Over the last fiscal year, we have identified 1 grants that Lincoln County Economic Development Association has recieved totaling $7,200.
Awarding Organization | Amount |
---|---|
Sioux Falls Development Foundation Inc Sioux Falls, SD PURPOSE: PPP loan distribution | $7,200 |
Organization Name | Assets | Revenue |
---|---|---|
Metropolitan Entertainment & Omaha, NE | $158,635,208 | $95,451,675 |
Southern Minnesota Initiative Foundation Owatonna, MN | $74,043,196 | $20,001,758 |
Vocational Development Center Inc Council Bluffs, IA | $12,984,673 | $16,204,305 |
Southern Iowa Economic Development Association Ottumwa, IA | $4,848,905 | $15,262,424 |
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 |