Overview
What is Fort Pierre Development Corp?
Fort Pierre Development Corp is a nonprofit organization dedicated to fostering economic growth in Fort Pierre, South Dakota. They achieve this by offering low-interest E.D. loans, with current outstanding loans amounting to $108,247. These loans, issued at 5% interest for a term of 60 or 120 months, are designed to support both new and existing businesses within the community. Moreover, the corporation serves as a pass-through entity for city land sales, managing the sale of land belonging to the City of Fort Pierre. Despite no land sales being recorded in 2022, Fort Pierre Development Corp continues to play a significant role in the economic development of their city.
Is Fort Pierre Development Corp legitimate?
Fort Pierre Development Corp is a legitimate nonprofit organization registered as a 501(c)(4) entity. Fort Pierre Development Corp submitted a form 990EZ, 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.
What is the mission statement of Fort Pierre Development Corp?
The Fort Pierre Development Corporation is committed to fostering economic growth. They achieve this by offering low-interest loans to businesses, with the interest rate set at 5% and loan terms ranging from 60 to 120 months. These loans are intended for both new and established businesses. The corporation also serves as a pass-through entity for city land sales and manages the sale of land belonging to a city, although no lots were sold in 2022. Their primary goal is to contribute to the economic development of the respective city.
Who is the CEO of Fort Pierre Development Corp?
Dave Bonde is the Exec Director of Fort Pierre Development Corp.
What is the revenue of Fort Pierre Development Corp?
Fort Pierre Development Corp's revenue in 2022 was $149,174.
Who are the executives of Fort Pierre Development Corp and what are their salaries?
Here are 10 key members and their salaries:
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Where can I find the form 990EZ for Fort Pierre Development Corp?
Fort Pierre Development Corp's most recent form 990EZ was submitted in 2022 and can be accessed here.
Mission Statement of Fort Pierre Development Corp
Fort Pierre Development Corporation, as a nonprofit organization, is committed to fostering the economic growth of its community in Fort Pierre, SD. Its primary mission involves promoting economic development by providing low-interest loans to both new and existing businesses. These loans, issued at a rate of 5%, carry a term of either 60 or 120 months. The corporation serves as a pass-thru entity for city land sales and manages the sale of land belonging to the City of Fort Pierre. Although no lots were sold in 2022, this aspect of its operations demonstrates its dedication to supporting local development and community growth.
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Impact
October, 2024
Fort Pierre Development Corporation plays a crucial role in fostering economic growth in Fort Pierre, SD. By offering low-interest economic development loans, it provides vital financial support to both new and existing businesses, enabling them to thrive and expand. Currently managing three loans totaling $108,247 at a competitive interest rate of 5%, the organization helps local entrepreneurs access the resources they need to succeed.
Additionally, Fort Pierre Development Corporation acts as a pass-through entity for city land sales, facilitating the management and transactions of land owned by the city. While there were no land sales in 2022, the organization's ongoing efforts contribute to the overall economic landscape of Fort Pierre, positioning the city for potential future development and growth. Through its initiatives, the corporation is instrumental in stimulating community improvement and enhancing the local economy.
This information is meant to be a general summary of Fort Pierre 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 2022.
- Investment Income: $569
- Gross Receipts: $149,174
Assets and Liabilities:
- Total Assets: $190,401
- Total Liabilities: $15,045
- Net Assets: $175,356
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Organization Details
Phone
(605) 223-7603Principal Officer
Dave Bonde
Main Address
PO BOX 461, FORT PIERRE, SD, 57532
NTEE Category
Code: S31 - Community improvement
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