Deadwood Lead Economic Development

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 363534219 ✦ Lead, SD ✦ Designated as a 501(c)(2)

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Overview

What is Deadwood Lead Economic Development?

Deadwood Lead Economic Development is a nonprofit organization situated in Lead, South Dakota, specifically at 801 Main Street, 57754. Its primary mission is to foster business growth in the region by acting as an advocate, cultivating potential business opportunities, and offering loans for improvements, expansions, and business acquisitions to local entities and individuals. By extending financial support, this organization aims to encourage new businesses and help existing ones expand, thereby improving the overall economic environment in the area. The organization currently has a team of two dedicated individuals working towards achieving these goals.


Official website here: www.deadwoodleadedc.com

Is Deadwood Lead Economic Development legitimate?

Deadwood Lead Economic Development is a legitimate nonprofit organization registered as a 501(c)(2) entity. Deadwood Lead Economic Development submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $57,785

For more financial information, click here


Official website here: www.deadwoodleadedc.com

What is the mission statement of Deadwood Lead Economic Development?

Deadwood Lead Economic Development aims to enhance the business environment in its region by acting as an advocate and fostering business prospects. The organization extends loans to new and expanding businesses, thereby encouraging their growth and development. This proactive approach helps improve the overall economic landscape, attracting more opportunities and investments to the area. By offering financial assistance, Deadwood Lead Economic Development plays a significant role in boosting local entrepreneurship and economic development.


Official website here: www.deadwoodleadedc.com

Who is the CEO of Deadwood Lead Economic Development?

Marc Eyre is the President of Deadwood Lead Economic Development.


Official website here: www.deadwoodleadedc.com

What is the revenue of Deadwood Lead Economic Development?

Deadwood Lead Economic Development's revenue in 2022 was $180,844.


Official website here: www.deadwoodleadedc.com

Who are the executives of Deadwood Lead Economic Development and what are their salaries?

The average compensation at Deadwood Lead Economic Development during 2022 was $28,892. There are 2 employees at Deadwood Lead Economic Development.


Here are 13 key members and their salaries:


Molly Brown (Vice Preside)
  • Compensation: $0
  • Related: $0
  • Other: $0
Casey Derflinger (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ron Everett (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Marc Eyre (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sidney Goss (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Eric Jennings (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
David R Ruth Jr (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Chris Karn (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michelle Loobey-Gertsch (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Chris Roberts (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Floyd Rummel (Past Preside)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mike Walker (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jim Wefso (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.deadwoodleadedc.com

Where can I find the form 990 for Deadwood Lead Economic Development?

Deadwood Lead Economic Development's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.deadwoodleadedc.com

Learn more at the official website: www.deadwoodleadedc.com

Mission Statement of Deadwood Lead Economic Development

Deadwood Lead Economic Development, as an organization, is committed to enhancing the business environment in its region. It accomplishes this by acting as an advocate for the area, fostering business opportunities, and extending loans to new and expanding businesses. By extending loans for improvements, expansions, and purchases of businesses by entities and individuals, Deadwood Lead Economic Development encourages growth within the region, thereby promoting a thriving business environment.

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Impact




October, 2024

Deadwood Lead Economic Development significantly enhances the business landscape in the Lead, South Dakota area by advocating for local economic growth and opportunities. By cultivating business prospects, the organization actively engages in efforts to attract and support new and expanding businesses, which contributes to the overall vitality of the region.

One of the primary ways this organization facilitates business development is through extending loans to individuals and entities looking to improve or expand their operations. These financial resources enable entrepreneurs to undertake crucial investments, whether in renovations, expansion projects, or new business acquisitions, thereby fostering a thriving economic environment.

The ripple effect of these activities not only bolsters individual businesses but also stimulates community improvement, creating jobs and enhancing the quality of life for residents. Through its strategic initiatives, Deadwood Lead Economic Development plays a vital role in shaping a robust and sustainable economy in the region.




This information is meant to be a general summary of Deadwood Lead Economic Development. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$180,844 (2022)
Expenses
$168,546 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $65,291
  • Program Service Revenue: $3,285
  • Gross Receipts: $180,844

Assets and Liabilities:

  • Total Assets: $1,674,514
  • Total Liabilities: $2,052,967
  • Net Assets: -$378,453

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

LOAN FEES

Revenue

$3,280

LATE FEES

Revenue

$5

Organization Details

Founding Year

1992

Principal Officer

Marc Eyre

Main Address

801 MAIN STREET, LEAD, SD, 57754

NTEE Category

Code: S47 - Community improvement

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