Overview
What is Brookings Economic Development Corporation?
The Brookings Economic Development Corporation, located in Suite 113, 2301 Research Park Way, Brookings, South Dakota 57006, is a dedicated nonprofit organization with a mission to uplift the economic well-being of the Brookings city and its surrounding areas. Their primary goal is to enhance the quality of life and prosperity in this region by serving the community. With a modest workforce of two individuals, this corporation plays a significant role in driving local economic growth and development.
Official website here: www.brookingsedc.com
Is Brookings Economic Development Corporation legitimate?
Brookings Economic Development Corporation is a legitimate nonprofit organization registered as a 501(c)(6) entity. Brookings Economic Development Corporation 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: $103,662
Professional Fundraising Fees: $2,415
Other Salaries and Wages: $26,914
For more financial information, click here
Official website here: www.brookingsedc.com
What is the mission statement of Brookings Economic Development Corporation?
The Brookings Economic Development Corporation is committed to serving its area by boosting the economic prosperity of the City of Brookings and its surrounding regions. Its mission is to enhance the overall quality of life in the area by promoting economic growth and development. The corporation aims to improve the region's economic well-being, ultimately leading to a better quality of life for its inhabitants.
Official website here: www.brookingsedc.com
Who is the CEO of Brookings Economic Development Corporation?
Tim Reed is the CEO of Brookings Economic Development Corporation The CEO's salary of Brookings Economic Development Corporation is $94,123 and their total compensation is $103,662.
Official website here: www.brookingsedc.com
What is the revenue of Brookings Economic Development Corporation?
Brookings Economic Development Corporation's revenue in 2023 was $778,346.
Official website here: www.brookingsedc.com
Who are the executives of Brookings Economic Development Corporation and what are their salaries?
The average compensation at Brookings Economic Development Corporation during 2023 was $26,115. There are 5 employees at Brookings Economic Development Corporation.
Here are 17 key members and their salaries (Brookings Economic Development Corporation's CEO's salary is $94,123 and their total compensation is $103,662):
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Official website here: www.brookingsedc.com
Where can I find the form 990 for Brookings Economic Development Corporation?
Brookings Economic Development Corporation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.brookingsedc.com
Learn more at the official website: www.brookingsedc.com
Mission Statement of Brookings Economic Development Corporation
The Brookings Economic Development Corporation, as a dedicated organization, is committed to serving the Brookings Area with the primary goal of enhancing its economic well-being. This mission extends beyond the city limits, encompassing the surrounding areas as well. The corporation aims to improve the quality of life and prosperity within this region, working tirelessly to foster economic growth and development. By doing so, the Brookings Economic Development Corporation contributes to the overall betterment of the community, striving to create a flourishing environment for its inhabitants.
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Impact
October, 2024
The Brookings Economic Development Corporation plays a vital role in enhancing the economic well-being of the City of Brookings and its surrounding areas. By focusing on community improvement, it actively contributes to the region's prosperity and quality of life. Through various initiatives, the organization helps stimulate local economic growth, attract new businesses, and support existing enterprises. This commitment not only bolsters job creation and investment in the area but also fosters a thriving community environment. As a result, residents enjoy an improved standard of living, access to resources, and an enhanced overall community atmosphere.
This information is meant to be a general summary of Brookings Economic Development Corporation. 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: $42,996
- Program Service Revenue: $270,136
- Gross Receipts: $778,346
Assets and Liabilities:
- Total Assets: $6,432,125
- Total Liabilities: $192,455
- Net Assets: $6,239,670
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Amortization of Pledge Di
Revenue
$101,136
Membership Dues & Assessments
Revenue
$169,000
Organization Details
Founding Year
1995
Principal Officer
Tim Reed
Website
www.brookingsedc.comNTEE Category
Code: S30 - Community improvement
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