1. Directory
  2. South Dakota
  3. Brookings Economic Development Corporation (BEDC)
EIN 46-0440746

Brookings Economic Development Corporation (BEDC)

IRS 501(c) type
501(c)(6)
Num. employees
2
City
Brookings
State
South Dakota
Year formed
1995
Most recent tax filings
2022-12-01
NTEE code, primary
S30: Economic Development
Description
Brookings Economic Development Corporation is the primary engine for promoting economic growth in Brookings, South Dakota and the surrounding area. BEDC serves as an advocate for the business community by building relationships with companies that allow them to succeed by taking advantage of the area's unique and progressive business environment. BEDC has developed strong partnerships with key groups in order to provide the resources businesses need to achieve success. BEDC offers several services to current and prospective businesses.
Total revenues
$2,897,269
2022
Total expenses
$777,366
2022
Total assets
$6,432,125
2022
Num. employees
2
2022

Program areas at BEDC

Enhance economic well-being of the Brookings and surrounding area.

Grants made by BEDC

GranteeGrant descriptionAmount
Enterprise InstituteEntrepreneur Development$36,000
South Dakota Community Foundation (SDCF)Matching Funds$20,000

Personnel at BEDC

NameTitleCompensation
Tim ReedChief Executive Officer$74,877
Andrew SlossPrior Chief Executive Officer / Executive Director$131,491
Carla GatzkePast President / Vice President / President / Secretary and Treasurer / Director$0
Daniel SchollVice President / Director$0
Yvette CampbellSecretary and Treasurer$0
...and 1 more key personnel

Financials for BEDC

RevenuesFYE 12/2022
Total grants, contributions, etc.$2,545,213
Program services$164,000
Investment income and dividends$2,674
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$108,127
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$77,255
Total revenues$2,897,269

Form 990s for BEDC

Fiscal year endingDate received by IRSFormPDF link
2022-122023-11-14990View PDF
2021-122022-11-14990View PDF
2020-122021-09-21990View PDF
2019-122020-09-21990View PDF
2018-122019-06-19990View PDF
...and 8 more Form 990s
Data update history
January 22, 2024
Updated personnel
Identified 2 new personnel
January 15, 2024
Posted financials
Added Form 990 for fiscal year 2022
July 15, 2023
Posted financials
Added Form 990 for fiscal year 2021
May 6, 2023
Received grants
Identified 1 new grant, including a grant for $20,000 from Brookings Foundation
June 12, 2022
Posted financials
Added Form 990 for fiscal year 2020
Nonprofit Types
Public sector nonprofitsBusiness and community development organizations
Issues
Community improvementEconomic development
Characteristics
MembershipsState / local levelReceives government funding
General information
Address
2301 Research Park Way Suite 113
Brookings, SD 57006
County
Brookings County, SD
Website URL
brookingsedc.com/ 
Phone
(605) 697-8103
Facebook page
brookings-economic-development-corporation 
Twitter profile
@brookingsedc 
IRS details
EIN
46-0440746
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1995
Eligible to receive tax-deductible contributions (Pub 78)
No
Categorization
NTEE code, primary
S30: Economic Development
NAICS code, primary
926110: Economic Development Corporations and Economic Program Organizations
Parent/child status
Independent
Free account sign-up

Want updates when BEDC has new information, or want to find more organizations like Brookings Economic Development Corporation (BEDC)?

Create free Cause IQ account
Cause IQ is a website that helps companies grow, maintain, and serve their nonprofit clients, and helps nonprofits find additional foundation funding. Our data and tools help professionals prospect for nonprofits, research opportunities, benchmark their clients, and enrich existing information.
Nonprofits
Product
Customers
About

© 2024 Nonprofit Metrics LLC
Terms of Service and Privacy Policy