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Lennox Area Development Corporation

Not tax-deductible

Lennox, SD501(c)(4)EIN 46-0340992Revenue $229K in FY2025

On file with the IRSPo Box 157, 57039-0157 · Lennox, SDTax-exempt since Aug 1977

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Lennox Area Development corp was organized for the Development of the city of Lennox south dakota

99¢ of each $1 spent went to programs.
Run by 4 volunteers.
Mission: Form 990 Part I, line 1 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(4)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 6
filings with a surplus
Average surplus $58K a year · 28% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
99%
of spending
Looks good: 99% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
17 mo
of spending, in cash
Looks good: 16.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$543K
39% of total assets
Looks good: liabilities are 39% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$229K
+97% vs prior year
Spent
$224K
To programs
99%
Net assets
$859K
By yearFY2020–FY2025
Revenue
$229K
FY2025▲ +97%
Tap a bar for its year
Revenue by fiscal year
FY2020$92K
FY2021$728K
FY2022$9K
FY2023$79K
FY2024$116K
FY2025$229K
Expenses
$224K
FY2025▲ +32%
Tap a bar for its year
Expenses by fiscal year
FY2020$7K
FY2021$238K
FY2022$77K
FY2023$190K
FY2024$170K
FY2025$224K
Net assets
$859K
FY2025▲ +0.6%
Tap a bar for its year
Net assets by fiscal year
FY2020$596K
FY2021$1.1M
FY2022$1.0M
FY2023$908K
FY2024$854K
FY2025$859K

From the FY2025 Form 990 · see the original

Form 990 (PDF) Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Aug 1977.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

99 cents of each dollar spent went to programs.

Program services 99% · $222K Management & general 1% · $2K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

9 people listed on the 990.

Part VII, Section A · reportable compensation
Randy Dump
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Sharese Ihnen
President
$0Pt VII · Sec A
Andrew Kuyper
Vice Preside
$0Pt VII · Sec A
John Lang
Secretary
$0Pt VII · Sec A
Dan Severson
Director
$0Pt VII · Sec A
Adam Shaw
Director
$0Pt VII · Sec A
Todd Shuman
Director
$0Pt VII · Sec A
See Lennox Area Development Corporation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Develops the city of Lennox, South Dakota.

Questions for Lennox Area Development Corporation

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Provided by the organization

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1 program · $222K · in their own filed words · FY2025
01

Encourage business and residential growth in lennox, SD

$222Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking
Grants paid · 8 grants · $215K · 2022–2025
Unitemized GrantFY2025$10,054
Unitemized GrantFY2024$37,412
Unitemized GrantFY2024$25,000
Unitemized GrantFY2023$55,000
Unitemized GrantFY2023$51,685
Unitemized GrantFY2023$18,721
Unitemized GrantFY2022$10,000
Unitemized GrantFY2022$6,910

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$229K
Ln 12
Fees for servicesLn 2g$170K
Gifts and grantsLn 1h$45K
Investment incomeLn 3$14K
Money outPt IX
$224K
Ln 25
Programscol B$222K
Managementcol C$2K
Owns and owesPt X
$859K
net assets · Ln 32
Cash and savingsLn 1–2$310K
Total assetsLn 16$1.4M
LiabilitiesLn 26$543K
PeoplePt VI, VII
9
listed · VII A
PaidVII A0
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$45K
Government grantsLn 1e$45K
Fees for servicesLn 2g$170K
Investment incomeLn 3$14K
Total revenueLn 12$229K
Assets in detailPt X, end of year
CashLn 1$4K
SavingsLn 2$305K
Cash and savings togetherLn 1–2$310K
Total assetsLn 16$1.4M
LiabilitiesLn 26$543K
Net assetsLn 32$859K
OperationsPt I, VI
EmployeesI 50
VolunteersI 64
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$462K$310K
Total assetsLn 16$1.4M$1.4M
LiabilitiesLn 26$562K$543K
Net assetsLn 32$854K$859K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$10K$10K
Legal feesLn 11b$64$64
Accounting feesLn 11c$2K$2K
Advertising and promotionLn 12$120$120
InsuranceLn 23$1K$1K
Other expenses (24a–d)Ln 24$209K$209K
All other expensesLn 24e$2K$2K
Total functional expensesLn 25$224K$222K$2K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $229K$224K$5K$859K 990 PDF
FY2024 $116K$170K−$54K$854K 990 PDF
FY2023 $79K$190K−$111K$908K 990 PDF
FY2022 $9K$77K−$68K$1.0M 990 PDF
FY2021 $728K$238K$490K$1.1M 990 PDF
FY2020 $92K$7K$85K$596K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2025 990 (6 parts)
Part I · Summary $229,186 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $90,050$45,000
I-9 Program service revenuePrior year $5,707$170,184
I-10 Investment incomePrior year $20,510$14,002
I-11 Other revenue$0
I-12 Total revenuePrior year $116,267$229,186
I-13 Grants and similar amounts paidPrior year $62,412$10,054
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $107,966$214,019
I-18 Total expensesPrior year $170,378$224,073
I-19 Revenue less expensesPrior year −$54,111$5,113
Part VI · Governance 9 of 9 board members independent, 4 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $229,186 across 5 lines filed
VIII-1e Government grants$45,000
VIII-1h Total contributions, gifts and grants$45,000
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $170,184$170,184
VIII-3 Investment incomeRelated to mission $14,002$14,002
VIII-12 Total revenueRelated to mission $184,186$229,186
Part IX · Statement of functional expenses $224,073 across 7 lines filed
IX-2 Grants to domestic individualsPrograms $10,054$10,054
IX-11b Legal feesManagement $64$64
IX-11c Accounting feesManagement $1,635$1,635
IX-12 Advertising and promotionPrograms $120$120
IX-23 InsurancePrograms $1,192$1,192
IX-24 Other expenses (24a–d)Programs $208,541$208,541
IX-24e All other expensesPrograms $2,467$2,467
IX-25 Total functional expensesPrograms $222,374 · Management $1,699 · Fundraising $0$224,073
Part X · Balance sheet $1,401,796 assets, 9 lines filed
Asset lines not itemized here account for $542,597; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $12,595$4,389
X-2 Savings and temporary cash investmentsStart of year $449,358$305,481
X-8 Inventories for sale or useStart of year $392,133$549,329
X-16 Total assetsStart of year $1,415,761$1,401,796
X-25 Other liabilitiesStart of year $561,675$542,597
X-26 Total liabilitiesStart of year $561,675$542,597
X-27 Net assets without donor restrictionsStart of year $854,086$859,199
X-32 Total net assets or fund balancesStart of year $854,086$859,199
X-33 Total liabilities and net assetsStart of year $1,415,761$1,401,796
Part XI · Reconciliation of net assets $859,199 net assets at year end
XI-1 Total revenue$229,186
XI-2 Total expenses$224,073
XI-3 Revenue less expenses$5,113
XI-4 Net assets at start of year$854,086
XI-10 Net assets at end of year$859,199

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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