EIN 46-6011831

Aberdeen Development Corporation (ADC)

IRS 501(c) type
501(c)(6)
Num. employees
7
City
Aberdeen
Year formed
1955
Most recent tax filings
2020-03
Description
Dedicate efforts to maintain and promote primary job creation in the city of Aberdeen and Brown County. The Aberdeen Development Corporation will be supportive of others having a common mission in the region.

Program areas at ADC

The corporation focuses on recruitment of new business and retention/expansion of existing business by promoting the region through disbursement of information and the building, selling and leasing of development sites. During FY2020, the corporation served 125 clients. The corporation continued its industry efforts, but also placed an emphasis on entrepreneurial support and labor retention and recruitment.

Form 990s for ADC

Fiscal year endingDate received by IRSFormPDF link
2020-032021-06-08990OView PDF
2019-032020-07-15990View PDF
2018-032018-10-16990View PDF
2017-032017-12-01990OView PDF
2016-032017-07-21990OView PDF
...and 6 more Form 990s

Who funds Aberdeen Development Corporation (ADC)

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Aberdeen Area Chamber of CommerceWorkforce Development Program$25,000

Grants made by ADC

GranteeGrant descriptionAmount
Northern State University FoundationWorkshop Space$10,000

Financials for ADC

RevenuesFYE 03/2020
Total grants, contributions, etc.$201,000
Program services$875,128
Investment income and dividends$12,622
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$13,040
Net gain from sale of non-inventory assets$1,240,245
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$11,247
Total revenues$2,353,282

Personnel at ADC

NameTitleCompensation
Mike BockornyChief Executive Officer$136,732
Taylor HansonDirector of Business Development
Cheryl OlsonOffice Manager
 Subscribe to viewPast Chief Executive Officer$138,810
 Subscribe to viewChair$0
...and 12 more key personnel

Organizations like ADC

OrganizationLocationRevenue
Brattleboro Development Credit Corporation (BDCC)Brattleboro, VT$4,229,000
Mifflin County Industrial Development Corporation (MCIDC)Lewistown, PA$1,534,970
Marble Falls Economic Development CorporationMarble Falls, TX$2,686,008
Greenville-Reynolds Development Corporation (GRDC)Greenville, PA$709,882
Dumas Economic Development CorporationDumas, TX$996,882
Economic Futures Group (EFG)Spartanburg, SC$2,007,440
McDowell County Economic Development AuthorityWelch, WV$775,082
Economic Development Corporation of WeslacoWeslaco, TX$4,110,124
Clarke County Development CorporationOsceola, IA$1,298,498
Upstate Colorado Economic DevelopmentGreeley, CO$2,569,143
Temple Economic Development CorporationTemple, TX$2,771,995
Littlefield Economic Development CorporationLittlefield, TX$642,254
Lakeview East Development CorporationChicago, IL$2,161,511
The Development Corporation (TDC)Plattsburgh, NY$3,986,621
Henderson Economic Development Corporation (HEDCO)Henderson, TX$1,632,073
Mcallen Foreign Trade ZoneMcallen, TX$5,280,128
Wayne Economic Development (WED)Honesdale, PA$760,276
Regional Economic Development Partnership (RED)Wheeling, WV$5,428,316
Floresville Economic Development CorporationFloresville, TX$902,168
Conway Development CorporationConway, AR$1,134,130
BCL of TexasAustin, TX$7,633,917
Los Alamos Economic Development CorporationLos Alamos, NM$3,464,666
Phelps County Development CorporationHoldrege, NE$865,821
Downtown South Bend (DTSB)South Bend, IN$1,095,806
North Carolina Community Development InitiativeRaleigh, NC$2,496,899
Nonprofit Types
Issues
Characteristics
Key performance indicators
Total revenues
$2,353,282
2020
Yearly growth
66.5%
% of revenues
n/a
Total expenses
$2,364,340
2020
Yearly growth
-5.1%
% of expenses
n/a
Total assets
$15,412,175
2020
Yearly growth
1.7%
% of assets
n/a
Num. employees
7
2020
Yearly growth
-36.4%
% of total
n/a
General information
Address
416 Production St N
Aberdeen, SD 57401
Website URL
adcsd.com/ 
Phone
605-229-5335
Facebook page
aberdeendevelopment 
IRS details
EIN
46-6011831
Fiscal year end
March
Taxreturn type
Form 990
Year formed
1955
Eligible to receive tax-deductible contributions (Pub 78)
No
Categorization
NTEE code, primary
S31: Urban, Community Economic Development
NAICS code, primary
926110: Economic Development Corporations and Economic Program Organizations
Parent/child status
Central organization