Sturgis Economic Development Corp

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

EIN: 460368509 ✦ Sturgis, SD ✦ Designated as a 501(c)(6)

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Overview

What is Sturgis Economic Development Corp?

Sturgis Economic Development Corp is a nonprofit organization situated in Sturgis and the surrounding Meade County area. Their primary mission is to stimulate economic growth by supporting the establishment and expansion of businesses and industries. They work in collaboration with local community entities to accomplish this objective, aiming to attract and retain new businesses within the region.


Official website here: www.sturgisdevelopment.com

Is Sturgis Economic Development Corp legitimate?

Sturgis Economic Development Corp is a legitimate nonprofit organization registered as a 501(c)(6) entity. Sturgis 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: $100,365
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.sturgisdevelopment.com

What is the mission statement of Sturgis Economic Development Corp?

The Sturgis Economic Development Corp's mission is centered around promoting economic growth. They achieve this by assisting both new and existing businesses in expanding, specifically within the Sturgis and Greater Meade County area. Their strategy involves coordinating these efforts with various community entities. The primary goal of Sturgis Economic Development Corp is to attract and facilitate the relocation of new businesses to the area, contributing to overall economic development.


Official website here: www.sturgisdevelopment.com

Who is the CEO of Sturgis Economic Development Corp?

Ken Meirose is the Secretary of Sturgis Economic Development Corp.


Official website here: www.sturgisdevelopment.com

What is the revenue of Sturgis Economic Development Corp?

Sturgis Economic Development Corp's revenue in 2022 was $340,998.


Official website here: www.sturgisdevelopment.com

Who are the executives of Sturgis Economic Development Corp and what are their salaries?


Here are 12 key members and their salaries:


Ken Meirose (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Paul Bisson (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jd Williams (Vice Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mark Schmidt (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ryan Aldren (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Chris Bergman (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Britton Blair (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tessa Gunderson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rod Bradley (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jesse Blakeman (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rick Bush (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gary Deering (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.sturgisdevelopment.com

Where can I find the form 990 for Sturgis Economic Development Corp?

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


Official website here: www.sturgisdevelopment.com

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

Mission Statement of Sturgis Economic Development Corp

Sturgis Economic Development Corp, a dedicated organization, is committed to fostering economic growth in the Sturgis and Greater Meade County area. Their mission is to aid new businesses and expanding industries, working hand in hand with local community entities. Their primary objective is to attract and relocate new businesses, contributing to the overall economic development of the area. They strive to coordinate their efforts effectively with other community entities to ensure a cohesive and successful approach to economic development.

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Impact




October, 2024

Sturgis Economic Development Corp significantly impacts the local economy by fostering the growth of new and expanding businesses in Sturgis and the Greater Meade County area. By actively assisting these businesses, the organization plays a crucial role in attracting and relocating companies, which in turn stimulates job creation and enhances the community's economic health. Their collaborative approach ensures that efforts are synchronized with other community entities, maximizing resources and potential for development. This strategic focus not only enhances the business landscape but also contributes to overall community improvement, resulting in a vibrant economy and a stronger local workforce.




This information is meant to be a general summary of Sturgis 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.

Revenue
$340,998 (2022)
Expenses
$334,302 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $7,460
  • Program Service Revenue: $163,196
  • Gross Receipts: $340,998

Assets and Liabilities:

  • Total Assets: $4,834,650
  • Total Liabilities: $1,753,381
  • Net Assets: $3,081,269

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Programs

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

COMMUNITY DEVELOPMENT INC

Revenue

$6,455

RENTAL OF COMM. BUILDINGS

Revenue

$147,741

SPONSORSHIP REVENUE

Revenue

$9,000

Organization Details

Founding Year

1973

Principal Officer

Ken Meirose

Main Address

PO BOX 218, STURGIS, SD, 57785

NTEE Category

Code: S30 - Community improvement

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