Parkston Area Development Corporation

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

EIN: 460444442 ✦ Parkston, SD ✦ Designated as a 501(c)(6)

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Overview

What is Parkston Area Development Corporation?

Parkston Area Development Corporation is a nonprofit organization situated in Parkston, South Dakota. Their primary objective is to foster economic growth and development within the city. By providing various opportunities, they aim to enhance the local economy of Parkston, South Dakota. The corporation's mission is deeply rooted in the betterment of the city's economic landscape. Their activities and mission remain focused on creating a favorable environment for economic advancement in Parkston.

Is Parkston Area Development Corporation legitimate?

Parkston Area Development Corporation is a legitimate nonprofit organization registered as a 501(c)(6) entity. Parkston Area 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of Parkston Area Development Corporation?

The Parkston Area Development Corporation is committed to providing economic opportunities for its respective city. This organization's mission is to foster economic development within the city, aiming to enhance its overall prosperity. By offering various opportunities, the corporation contributes to the city's economic growth and development, ultimately benefiting its residents and businesses.

Who is the CEO of Parkston Area Development Corporation?

James D Bormann is the Director of Parkston Area Development Corporation.

What is the revenue of Parkston Area Development Corporation?

Parkston Area Development Corporation's revenue in 2022 was $45,001.

Who are the executives of Parkston Area Development Corporation and what are their salaries?

There 13 volunteers at Parkston Area Development Corporation.


Here are 13 key members and their salaries:


Mike Maxwell (Vice-President)
  • Compensation: $0
  • Related: $0
  • Other: $0
James D Bormann (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jolyn Doering (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Greg Reiser (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Drew Muntefering (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Melissa Stork (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ryan Thompson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bob Schoenfelder (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Patrick Mikkonen (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Scott Herr (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lindsay Weber (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Glenn Harnisch (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lance Thury (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Parkston Area Development Corporation?

Parkston Area Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Parkston Area Development Corporation

The Parkston Area Development Corporation, as a nonprofit organization, is committed to providing economic opportunities for the city of Parkston, South Dakota. In their mission, they aim to foster economic development within the city, creating a conducive environment for growth and prosperity. By offering various development opportunities, the corporation seeks to uplift the economic landscape of Parkston, ultimately benefiting its residents.

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Impact




October, 2024

The Parkston Area Development Corporation significantly impacts the local community by fostering economic development opportunities in Parkston, South Dakota. Its mission focuses on enhancing the economic landscape of the city, which in turn creates jobs, supports local businesses, and attracts new investments. By prioritizing community improvement, the organization plays a vital role in ensuring that Parkston remains a vibrant and sustainable place for residents and businesses alike. This targeted approach to economic opportunity not only strengthens the community's financial foundation but also enhances the overall quality of life for its residents.




This information is meant to be a general summary of Parkston Area 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.

Revenue
$45,001 (2022)
Expenses
$29,077 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $15,001
  • Gross Receipts: $54,191

Assets and Liabilities:

  • Total Assets: $209,141
  • Total Liabilities: $7,186
  • Net Assets: $201,955

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Organization Details

Founding Year

1997

Principal Officer

James D Bormann

Main Address

PO BOX 772, PARKSTON, SD, 57366

NTEE Category

Code: S31 - Community improvement

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