Colman Economic Development Corporation

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

EIN: 562539591 ✦ Colman, SD ✦ Designated as a 501(c)(6)

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Overview

What is Colman Economic Development Corporation?

Colman Economic Development Corporation is a nonprofit organization committed to boosting the economic prosperity of its surrounding area. Acting as an economic development organization, its primary role is to promote economic growth and improve the local community's overall economic health. The corporation's activities and mission remain centered on enhancing the area's economic well-being.


Official website here: www.colmanedc.com

Is Colman Economic Development Corporation legitimate?

Colman Economic Development Corporation is a legitimate nonprofit organization registered as a 501(c)(6) entity. Colman Economic Development Corporation 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.


Official website here: www.colmanedc.com

What is the mission statement of Colman Economic Development Corporation?

The Colman Economic Development Corporation is dedicated to improving the economic health of its corresponding region. Acting as an economic development organization, its primary objective is to foster economic growth and prosperity within its jurisdiction. The corporation strives to create opportunities that promote business development, job creation, and overall community enhancement. Its mission is geared towards driving economic progress and ensuring the area's sustainable growth and development.


Official website here: www.colmanedc.com

Who is the CEO of Colman Economic Development Corporation?

Brent Nelson is the President of Colman Economic Development Corporation.


Official website here: www.colmanedc.com

What is the revenue of Colman Economic Development Corporation?

Colman Economic Development Corporation's revenue in 2022 was $149,140.


Official website here: www.colmanedc.com

Who are the executives of Colman Economic Development Corporation and what are their salaries?


Here are 7 key members and their salaries:


Brent Nelson (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jesse Larson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Billy Stitz (Sec/Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Keaton Westover (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lori Hanson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brooke Rollag (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dan Bowen (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.colmanedc.com

Where can I find the form 990EZ for Colman Economic Development Corporation?

Colman Economic Development Corporation's most recent form 990EZ was submitted in 2022 and can be accessed here.


Official website here: www.colmanedc.com

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

Mission Statement of Colman Economic Development Corporation

The Colman Economic Development Corporation, as a mission-driven entity, is committed to improving the economic standing of its surrounding area. Acting as a key player in economic development, this organization strives to elevate the overall economic prosperity of its community.

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Impact




October, 2024

Colman Economic Development Corporation significantly impacts the local economy by focusing on enhancing the economic well-being of the Colman area in South Dakota. By operating as a dedicated economic development organization, it fosters community improvement and drives initiatives that stimulate growth and prosperity. The corporation plays a crucial role in creating a more vibrant community, encouraging business development, and supporting local enterprises. Its efforts contribute to job creation, increased investment, and an overall improvement in the quality of life for residents, making Colman a more attractive place to live and work.




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

Revenue
$149,140 (2022)
Expenses
$37,970 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $92
  • Program Service Revenue: $149,048
  • Gross Receipts: $149,140

Assets and Liabilities:

  • Total Assets: $362,030
  • Total Liabilities: $0
  • Net Assets: $362,030

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Organization Details

Principal Officer

Brent Nelson

Main Address

PO Box 54 112 N Main Avenue, Colman, SD, 57017

NTEE Category

Code: S30 - Community improvement

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