Overview
What is Herreid Economic Development?
Herreid Economic Development is a nonprofit organization situated in Herreid, South Dakota, dedicated to fostering and enhancing the business and economic growth of the area. Their primary objective includes encouraging new industries, rehabilitating existing ones, and promoting agricultural and business development in Herreid and its surrounding areas. To achieve these goals, they actively seek and secure grants and other funding sources. Ultimately, their mission is to create job opportunities for individuals in the region.
Is Herreid Economic Development legitimate?
Herreid Economic Development is a legitimate nonprofit organization registered as a 501(c)(4) entity. Herreid 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:
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Other Salaries and Wages: $0
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What is the mission statement of Herreid Economic Development?
The Herreid Economic Development Corporation's mission is to foster and support business growth and economic prosperity in the specified area. Their aim is to encourage the establishment of new industries and the revitalization of existing ones, while promoting agricultural and business development. They also work towards securing grants and other funds to aid these purposes, and strive to provide employment opportunities for individuals.
What is the revenue of Herreid Economic Development?
Herreid Economic Development's revenue in 2024 was $16,015.
Who are the executives of Herreid Economic Development and what are their salaries?
Here are 8 key members and their salaries:
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Where can I find the form 990 for Herreid Economic Development?
Herreid Economic Development's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of Herreid Economic Development
Herreid Economic Development Corporation is dedicated to promoting, assisting, encouraging, and developing the business and economic prosperity in its respective area. The organization's primary goal is to encourage the growth of new industries and rehabilitate existing ones, thereby contributing to the agricultural and business development of the area. Additionally, Herreid Economic Development Corporation secures grants and other funds to aid in achieving these purposes and provides job opportunities for individuals within the area. By doing so, the corporation plays a significant role in fostering the economic growth and development of its community.
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Impact
October, 2024
Herreid Economic Development significantly impacts the local economy by fostering business growth and enhancing the overall prosperity of Herreid, South Dakota, and its surrounding areas. The organization actively promotes the establishment of new industries while also focusing on the rehabilitation of existing ones, ensuring a robust and sustainable economic landscape.
By securing grants and additional funding, Herreid Economic Development supports various initiatives that drive agricultural and business development. This funding not only aids in creating a favorable environment for businesses to thrive but also plays a vital role in job creation, providing local individuals with employment opportunities.
The organization's commitment to community improvement is reflected in its efforts to assist and encourage local entrepreneurs, leading to a diverse economic base that benefits residents and contributes to the overall vitality of the community. Through strategic initiatives and partnerships, Herreid Economic Development enhances the region's economic resilience and fosters a thriving community for generations to come.
This information is meant to be a general summary of Herreid 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2024.
- Investment Income: $115
- Program Service Revenue: $15,900
- Gross Receipts: $16,015
Assets and Liabilities:
- Total Assets: $587,198
- Total Liabilities: $0
- Net Assets: $587,198
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
OFFICE BUILDING
Revenue
$7,550
GROCERY STORE
Revenue
$6,000
VET CLINIC
Revenue
$2,350
Organization Details
Principal Officer
Brad Schuetzle
NTEE Category
Code: S30 - Community improvement
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