Overview
What is Spearfish Economic Development Corp?
Spearfish Economic Development Corp is a dedicated nonprofit organization situated in Spearfish, South Dakota, with an address at 106 W Kansas St. Their primary mission is to foster economic growth in the city of Spearfish and its surrounding region. To accomplish this goal, they offer business consultation services to existing local businesses, assisting them with marketing, finance, understanding local demographics and trends. Additionally, they support aspiring entrepreneurs by providing them with demographic information, aiding in business plan development, and helping them locate financing sources. To stimulate economic growth, Spearfish Economic Development Corp also actively encourages new businesses to establish themselves in Spearfish.
Official website here: www.spearfishdevelopment.com
Is Spearfish Economic Development Corp legitimate?
Spearfish Economic Development Corp is a legitimate nonprofit organization registered as a 501(c)(4) entity. Spearfish Economic Development Corp 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: $137,020
Professional Fundraising Fees: $0
Other Salaries and Wages: $48,143
For more financial information, click here
Official website here: www.spearfishdevelopment.com
What is the mission statement of Spearfish Economic Development Corp?
The Spearfish Economic Development Corp is dedicated to fostering economic growth in its surrounding area, beyond just the city of Spearfish. They achieve this by increasing community awareness about economic development. They offer business consultation services to local existing businesses, providing assistance in areas such as marketing, finance, local demographics, and trends. Additionally, they support local entrepreneurs by offering demographic information, helping with business plan development, and identifying potential financing sources. Furthermore, the corporation encourages new businesses to establish themselves in the area by providing them with necessary information and resources.
Official website here: www.spearfishdevelopment.com
What is the revenue of Spearfish Economic Development Corp?
Spearfish Economic Development Corp's revenue in 2023 was $647,534.
Official website here: www.spearfishdevelopment.com
Who are the executives of Spearfish Economic Development Corp and what are their salaries?
The average compensation at Spearfish Economic Development Corp during 2023 was $61,721. There are 3 employees at Spearfish Economic Development Corp.
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Official website here: www.spearfishdevelopment.com
Where can I find the form 990 for Spearfish Economic Development Corp?
Spearfish Economic Development Corp's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.spearfishdevelopment.com
Learn more at the official website: www.spearfishdevelopment.com
Mission Statement of Spearfish Economic Development Corp
Spearfish Economic Development Corp, a prominent organization, is dedicated to fostering economic growth in the city of Spearfish and its surrounding area. Their mission is twofold: firstly, they strive to increase community awareness about economic development. Secondly, they offer business consultation services to local existing businesses, aiding them in areas such as marketing, finance, local demographics, and trends. This consultation is instrumental in enhancing the operations and competitiveness of these businesses.
In addition to assisting established businesses, Spearfish Economic Development Corp extends its support to local entrepreneurs. They provide demographic information, guidance with business plan development, and assistance in locating financing sources. This comprehensive approach equips aspiring business owners with the tools necessary to launch successful ventures.
By promoting economic growth and offering valuable consultation services, Spearfish Economic Development Corp plays a significant role in strengthening the local business landscape. Their mission is to empower businesses and entrepreneurs, ultimately contributing to the overall prosperity of the community.
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Impact
October, 2024
Spearfish Economic Development Corp has a significant impact on the economic landscape of Spearfish and its surrounding areas by actively promoting economic growth. Through its initiatives, it raises community awareness about economic development, effectively fostering a more informed and engaged citizenry.
The organization provides crucial business consultation services to local existing businesses, offering support in areas such as marketing and finance, while also supplying valuable insights into local demographics and trends. This assistance helps businesses optimize their operations and remain competitive within the market.
For local entrepreneurs, Spearfish Economic Development Corp plays a pivotal role by aiding in business plan development and identifying financing sources. This guidance is essential for aspiring business owners as they navigate the complexities of starting a new venture.
Additionally, the Corp encourages new businesses to establish themselves in Spearfish, further enhancing the local economy. By attracting new ventures, it contributes to job creation, increased economic activity, and a diverse business environment, all of which benefit the community as a whole.
This information is meant to be a general summary of Spearfish Economic Development Corp. 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $8,957
- Program Service Revenue: $83,000
- Gross Receipts: $698,418
Assets and Liabilities:
- Total Assets: $2,213,628
- Total Liabilities: $1,112,452
- Net Assets: $1,101,176
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CITY OF SPEARFISH
Revenue
$70,000
EVENT SPONSORSHIPS
Revenue
$13,000
Organization Details
Founding Year
1980
Principal Officer
Kory Menken
Website
www.spearfishdevelopment.comNTEE Category
Code: S30 - Community improvement
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