STURGIS ECONOMIC DEVELOPMENT CORP

Address
PO BOX 218
STURGIS, SD 57785
Contact
Website: http://www.sturgisdevelopment.com
Phone: +1 (605) 347-4906
Nonprofit
NTEE: S99 - Community Improvement, Capacity Building N.E.C.
EIN: 46-0368509

Mission

Pursue economic development
 20162015201420132012
Basic features of the organization
Year of formation1973
Subsection code06
PF filing required0    
Form of organization
CorporationTrue
Human resources, including compensation
Summary compensation info
Total compensation of current key personnel$102,617.00$99,662.00$96,666.00$99,296.00 
Number of employees00000
Number of volunteers12121255
Personnel
Ainslie, Daniel
TitleDirectorDirectorDirectorDirectorDirectore
Name of key/compensated personDANIEL AINSLIEDANIEL AINSLIEDANIEL AINSLIEDANIEL AINSLIEDANIEL AINSLIE
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Average hours per week working for org1.001.001.001.001.00
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Aker, Alan
Title   Director 
Name of key/compensated person   ALAN AKER 
Position of compensated person
Current individual trustee or director   True 
Average hours per week working for org   1.00 
Reportable compensation from org   $0.00 
Other comp, non-reportable, from org and related orgs   $0.00 
Corresponding comp from related orgs
Reportable compensation from related orgs    $0.00 
Allen, Norma
Title    DIRECTOR
Name of key/compensated person    NORMA ALLEN
Position of compensated person
Current individual trustee or director    True
Average hours per week working for org    3.00
Reportable compensation from org    $0.00
Other comp, non-reportable, from org and related orgs    $0.00
Corresponding comp from related orgs
Reportable compensation from related orgs     $0.00
Bertolotto, Bob
Title DirectorDirector  
Name of key/compensated person BOB BERTOLOTTOBOB BERTOLOTTO  
Position of compensated person
Current individual trustee or director TrueTrue  
Average hours per week working for org 1.001.00  
Reportable compensation from org $0.00$0.00  
Other comp, non-reportable, from org and related orgs $0.00$0.00  
Corresponding comp from related orgs
Reportable compensation from related orgs  $0.00$0.00  
Bisson, Paul
TitleChairChairChairChairVice Chair
Name of key/compensated personPAUL BISSONPAUL BISSONPAUL BISSONPAUL BISSONPAUL BISSON
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Average hours per week working for org5.005.005.005.005.00
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Brengle, Clint
TitleDirectorDirector   
Name of key/compensated personCLINT BRENGLECLINT BRENGLE   
Position of compensated person
Current individual trustee or directorTrueTrue   
Average hours per week working for org1.001.00   
Reportable compensation from org$0.00$0.00   
Other comp, non-reportable, from org and related orgs$0.00$0.00   
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00   
Creed, Doreen
Title    Director
Name of key/compensated person    DOREEN CREED
Position of compensated person
Current individual trustee or director    True
Average hours per week working for org    2.00
Reportable compensation from org    $0.00
Other comp, non-reportable, from org and related orgs    $0.00
Corresponding comp from related orgs
Reportable compensation from related orgs     $0.00
Dragseth, Jeff
TitleDirectorDirectorDirector  
Name of key/compensated personJEFF DRAGSETHJEFF DRAGSETHJEFF DRAGSETH  
Position of compensated person
Current individual trustee or directorTrueTrueTrue  
Average hours per week working for org1.001.001.00  
Reportable compensation from org$0.00$0.00$0.00  
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00  
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00  
Eisenbraun, Sheryl
Title    Director
Name of key/compensated person    SHERYL EISENBRAUN
Position of compensated person
Current individual trustee or director    True
Average hours per week working for org    3.00
Reportable compensation from org    $0.00
Other comp, non-reportable, from org and related orgs    $0.00
Corresponding comp from related orgs
Reportable compensation from related orgs     $0.00
Isam, Lonnie
TitleDirectorDirectorDirectorDirectorDirector
Name of key/compensated personLONNIE ISAMLONNIE ISAMLONNIE ISAMLONNIE ISAMLONNIE ISAM
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Average hours per week working for org1.001.002.002.002.00
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Iverson, Randy
Title  DirectorDirectorDirector
Name of key/compensated person  RANDY IVERSONRANDY IVERSONRANDY IVERSON
Position of compensated person
Current individual trustee or director  TrueTrueTrue
Average hours per week working for org  1.001.001.00
Reportable compensation from org  $0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs  $0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs   $0.00$0.00$0.00
Kirkegaard, Don
TitleDIRECTORDIRECTOR   
Name of key/compensated personDON KIRKEGAARDDON KIRKEGAARD   
Position of compensated person
Current individual trustee or directorTrueTrue   
Average hours per week working for org1.001.00   
Reportable compensation from org$0.00$0.00   
Other comp, non-reportable, from org and related orgs$0.00$0.00   
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00   
Kurtenbach, Pat
TitlePresidentPresidentKey EmployeePresidentPresident
Name of key/compensated personPAT KURTENBACHPAT KURTENBACHPAT KURTENBACHPAT KURTENBACHPAT KURTENBACH
Position of compensated person
Current individual trustee or director   TrueTrue
Average hours per week working for org40.0040.0040.0040.0040.00
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$97,550.00
Corresponding comp from related orgs
Reportable compensation from related orgs $102,617.00$99,662.00$96,666.00$99,296.00$0.00
Meirose, Ken
TitleDirector    
Name of key/compensated personKEN MEIROSE    
Position of compensated person
Current individual trustee or directorTrue    
Average hours per week working for org1.00    
Reportable compensation from org$0.00    
Other comp, non-reportable, from org and related orgs$0.00    
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00    
Niederwerder, Galen
TitleDirector    
Name of key/compensated personGALEN NIEDERWERDER    
Position of compensated person
Current individual trustee or directorTrue    
Average hours per week working for org1.00    
Reportable compensation from org$0.00    
Other comp, non-reportable, from org and related orgs$0.00    
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00    
Reiman, Scott
TitleSecretary/TreasurerSecretary/TreasurerSecretary/TreasurerSecretary/TreasurerSecretary/Treasurer
Name of key/compensated personSCOTT REIMANSCOTT REIMANSCOTT REIMANSCOTT REIMANSCOTT REIMAN
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Average hours per week working for org5.005.002.002.002.00
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Roe, Dan
Title  DIRECTORDIRECTORDIRECTOR
Name of key/compensated person  DAN ROEDAN ROEDAN ROE
Position of compensated person
Current individual trustee or director  TrueTrueTrue
Average hours per week working for org  2.002.002.00
Reportable compensation from org  $0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs  $0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs   $0.00$0.00$0.00
Rosenboom, Ron
TitleDIRECTORDIRECTORDIRECTORDIRECTORDIRECTOR
Name of key/compensated personRON ROSENBOOMRON ROSENBOOMRON ROSENBOOMRON ROSENBOOMRON ROSENBOOM
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Average hours per week working for org1.001.001.001.001.00
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Sabers, Scott
TitleVice ChairVice ChairVice ChairVice ChairChairman
Name of key/compensated personSCOTT SABERSSCOTT SABERSSCOTT SABERSSCOTT SABERSSCOTT SABERS
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Average hours per week working for org5.005.005.005.005.00
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Stone, Irv
TitleDirectorDirectorDirectorDirector 
Name of key/compensated personIRV STONEIRV STONEIRV STONEIRV STONE 
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrue 
Average hours per week working for org1.001.001.001.00 
Reportable compensation from org$0.00$0.00$0.00$0.00 
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00 
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00 
Thomson, Candi
Title   DirectorEXEC COMMITTEE
Name of key/compensated person   CANDI THOMSONCANDI THOMSON
Position of compensated person
Current individual trustee or director   TrueTrue
Average hours per week working for org   2.002.00
Reportable compensation from org   $0.00$0.00
Other comp, non-reportable, from org and related orgs   $0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs    $0.00$0.00
Usera, Mutch
Title DirectorDirector  
Name of key/compensated person MUTCH USERAMUTCH USERA  
Position of compensated person
Current individual trustee or director TrueTrue  
Average hours per week working for org 1.001.00  
Reportable compensation from org $0.00$0.00  
Other comp, non-reportable, from org and related orgs $0.00$0.00  
Corresponding comp from related orgs
Reportable compensation from related orgs  $0.00$0.00  
Purpose: mission, activities, & accomplishments
Mission or significant activitiesPursue economic development by assisting new or expanding business and industry in Sturgis and the Greater Meade County Area, and to coordinate those efforts with community entities. Our goals are to attract and relocate new business and industry.Pursue economic development by assisting new or expanding business and industry in Sturgis and the Greater Meade County Area, and to coordinate those efforts with community entities. Our goals are to attract and relocate new business and industry.Pursue economic development by assisting new or expanding business and industry in Sturgis and the Greater Meade County Area, and to coordinate those efforts with community entities. Our goals are to attract and relocate new business and industry.Pursue economic development by assisting new or expanding business and industry in Sturgis and the Greater Meade County Area, and to coordinate those efforts with community entities. Our goals are to attract and relocate new business and industry.Pursue economic development by assisting new or expanding business and industry in Sturgis and the Greater Meade County Area, and to coordinate those efforts with community entities. Our goals are to attract and relocate new business and industry.
Program service expenses, total   $189,694.00$268,702.00
Programs, including revenue & expenses
SEDC WORKS WITH NEW AND EXISTING BUSINESSES IN STURGIS AND MEADE COUNTY, PROMOTING ECONOMIC DEVELOPMENT AND EXPANSION. WE ALSO WORK WITH LOCAL GOVERNMENT TO PROMOTE ECONOMIC DEVELOPMENT.
Program expenses   $189,694.00$268,702.00
Grants and allocations made   $30,000.00 
Program revenue   $241,400.00$339,359.00
Program descriptionSEDC WORKS WITH NEW AND EXISTING BUSINESSES IN STURGIS AND MEADE COUNTY, PROMOTING ECONOMIC DEVELOPMENT AND EXPANSION. WE ALSO WORK WITH LOCAL GOVERNMENT TO PROMOTE ECONOMIC DEVELOPMENT.SEDC WORKS WITH NEW AND EXISTING BUSINESSES IN STURGIS AND MEADE COUNTY, PROMOTING ECONOMIC DEVELOPMENT AND EXPANSION. WE ALSO WORK WITH LOCAL GOVERNMENT TO PROMOTE ECONOMIC DEVELOPMENT.SEDC WORKS WITH NEW AND EXISTING BUSINESSES IN STURGIS AND MEADE COUNTY, PROMOTING ECONOMIC DEVELOPMENT AND EXPANSION. WE ALSO WORK WITH LOCAL GOVERNMENT TO PROMOTE ECONOMIC DEVELOPMENT.SEDC WORKS WITH NEW AND EXISTING BUSINESSES IN STURGIS AND MEADE COUNTY, PROMOTING ECONOMIC DEVELOPMENT AND EXPANSION. WE ALSO WORK WITH LOCAL GOVERNMENT TO PROMOTE ECONOMIC DEVELOPMENT.SEDC WORKS WITH NEW AND EXISTING BUSINESSES IN STURGIS AND MEADE COUNTY, PROMOTING ECONOMIC DEVELOPMENT AND EXPANSION. WE ALSO WORK WITH LOCAL GOVERNMENT TO PROMOTE ECONOMIC DEVELOPMENT.
Financial data
Revenue
Total revenue$611,005.00$526,748.00$295,450.00$211,148.00$281,273.00
Revenue from contributions (total)$229,466.00$441,983.00$334,630.00$241,400.00$339,359.00
Investment income, current yr$390,655.00$116,782.00-$20,587.00$38,285.00$27,004.00
Total revenue from grants, etc., current yr$229,466.00$441,983.00$334,630.00$241,400.00$339,359.00
Total unrelated business revenue$0.00$0.00$443.00$0.00$0.00
Other revenue, current yr-$9,116.00-$32,017.00-$18,593.00-$68,537.00-$85,090.00
Program service revenue (total) $0.00$0.00$0.00$0.00
Gross receipts$972,883.00$881,439.00$630,727.00$384,110.00$473,769.00
Sources of contributions
Contributions revenue from membership dues$39,400.00$33,050.00$29,500.00$26,400.00$16,100.00
Revenue from gov't grants$184,000.00$401,983.00$305,130.00$215,000.00$273,000.00
Revenue from all other contributions$6,066.00$6,950.00  $50,259.00
Other types of revenue
Miscellaneous revenue (total)$6,576.00$2,909.00$25,443.00$28,745.00$22,481.00
Income from dividends, interest, and similar investments$32,301.00$22,605.00$12,189.00$38,285.00$27,004.00
Net rental income-$15,692.00-$34,926.00-$44,036.00-$97,282.00-$107,571.00
Expense categories (totals)
Total functional expenses: sum of all$207,274.00$262,236.00$406,027.00$189,694.00$268,702.00
Fees for services
Legal fees (total)$618.00$811.00$1,193.00$1,270.00$954.00
Fundraising service fees (total)$0.00$0.00$0.00$0.00$0.00
Assets and liabilities
Total assets$3,970,884.00$3,823,059.00$4,125,256.00$3,955,233.00$3,755,697.00
Total assets, beginning of year$3,823,059.00$4,125,205.00$3,955,233.00$3,755,697.00$3,969,979.00
Total liabilities$1,700,698.00$1,956,608.00$2,404,882.00$2,120,054.00$1,910,973.00
Total liabilities, beginning of year$1,956,608.00$2,404,882.00$2,120,054.00$1,910,973.00$2,204,076.00
Unrestricted net assets, end of yr$1,911,343.00$1,516,427.00$1,375,534.00$1,499,058.00$1,512,159.00
Temporarily restricted net assets$8,721.00$5,383.00$5,401.00$5,396.00$144,432.00
Permanently restricted net assets, end of yr$350,122.00$344,641.00$339,439.00$330,725.00$188,133.00
Net assets$2,270,186.00$1,866,451.00$1,720,374.00$1,835,179.00$1,844,724.00
Net assets, beginning of year$1,866,451.00$1,720,323.00$1,835,179.00$1,844,724.00$1,765,903.00
Other liabilities  $64,000.00  
Other assets$1,070,808.00$1,154,448.00$1,884,587.00$1,565,663.00$1,167,042.00
Cash: non-interest bearing$106,839.00$64,754.00$26,394.00$58,880.00$59,507.00
Cash: non-interest bearing, beginning of year$64,754.00$26,593.00$58,880.00$59,507.00$412,027.00
Other financial variables
Revenue less expenses$403,731.00$264,512.00-$110,577.00$21,454.00$12,571.00
Advertising (total)$1,150.00$153.00$1,482.00$3,878.00$2,386.00
Savings & temp cash investment$853,600.00$459,159.00$861,223.00$555,154.00$258,772.00
Accounts payable & accrued expenses$27,443.00$23,188.00$28,699.00$30,694.00$21,701.00
Secured mortgages and notes payable$1,673,255.00$1,933,420.00$2,312,183.00$2,089,360.00$1,889,272.00
Total net assets or fund balances$2,270,186.00$1,866,451.00$1,720,374.00$1,835,179.00$1,844,724.00
Depreciation, depletion, amortization$0.00    
Governance and accountability
Number of voting members1212121112
Number of independent voting members1212121112
Relationships among key personnel   TrueTrue
Cash accountingTrueTrueTrueTrueTrue
Tax year start date2016-01-012015-01-012014-01-012013-01-012012-01-01
Tax year end date2016-12-012015-12-012014-12-012013-12-012012-12-01
Indicators for schedules (selected)
Grants to domestic org/gov't >$5k  TrueTrue 
Metadata about the filing
E-return type: 990, 990EZ, or 990PF990990990990990
Reason for form submission
Amended return True   
Date e-filing submitted2017-12-052017-12-052016-01-272014-12-102013-12-31
IRS schema version2016v3.02015v3.02014v5.02013v3.12012v2.0
Filing identifier201713059349300206201713059349300711201503109349301610201443169349303714201303199349304880
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