Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Dec 1980.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
91 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
Something off? Claim to add context
Who runs it and what they're paid
20 people listed on the 990; $146K paid to officers and key staff.
Compensation history total reportable pay by year · 1 named individual · Part VII
| Name | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Kory Menken | $145,618 | $137,020 | $125,936 | $94,497 | $90,713 |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
See Spearfish Industrial Development executive salaries →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 15aYes
Programs and updates
Drives economic growth in Spearfish and its surrounding area.
Questions for Spearfish Industrial Development
Your first name shows with your question. Spearfish Industrial Development answers here, for everyone.
Increased community awareness of economic development. Provided business consultation to local existing businesses in marketing, finance, local demographics and trends. Provided business consultation to local entrepreneurs through demo graphical information, assistance with business plan development and locatin financing sources.
Administrate low interest loans to developing AND/OR new businesses to community of spearfish in an effort to create new job opportunities and provide incentive to bring new businesses to area
By the numbers
The FY2024 990, line by line.
Download 990
| Line | Start FY24 | End FY24 |
|---|---|---|
| Cash and savingsLn 1–2 | $313K | $258K |
| Land, buildings, equipmentLn 10c | $3.2M | $3.1M |
| Total assetsLn 16 | $3.5M | $3.4M |
| LiabilitiesLn 26 | $2.2M | $2.0M |
| Net assetsLn 32 | $1.4M | $1.4M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Pay of current officers, directors and key staffLn 5 | $146K | $131K | $15K | |
| Other salaries and wagesLn 7 | $53K | $48K | $5K | |
| Pension plan contributionsLn 8 | $5K | $5K | $504 | |
| Other employee benefitsLn 9 | $20K | $18K | $2K | |
| Payroll taxesLn 10 | $15K | $14K | $2K | |
| Accounting feesLn 11c | $9K | $9K | ||
| Office expensesLn 13 | $11K | $10K | $1K | |
| OccupancyLn 16 | $16K | $14K | $2K | |
| TravelLn 17 | $2K | $2K | $229 | |
| Conferences, conventions and meetingsLn 19 | $3K | $3K | $305 | |
| InterestLn 20 | $40K | $40K | ||
| InsuranceLn 23 | $5K | $4K | $479 | |
| Other expenses (24a–d)Ln 24 | $66K | $66K | ||
| All other expensesLn 24e | $7K | $7K | $390 | |
| Total functional expensesLn 25 | $398K | $361K | $37K | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest ViewingFiled with the IRS Nov 3, 2025 | $433K | $398K | $35K | $1.4M | 990 PDF |
| FY2023Filed with the IRS Oct 25, 2024 | $648K | $389K | $259K | $1.4M | 990 PDF |
| FY2022Filed with the IRS Nov 15, 2023 | $667K | $295K | $372K | $1.1M | 990 PDF |
| FY2021Filed with the IRS May 16, 2022 | $297K | $244K | $53K | $713K | 990 PDF |
| FY2020Filed with the IRS Mar 12, 2021 | $247K | $242K | $5K | $660K | 990 PDF |
Schedules filed Part IV
See the full FY2024 990 (6 parts)
Part I · Summary $433,026 revenue, 12 lines filed
Part VI · Governance 16 of 16 board members independent, 1 to look at
Part VIII · Statement of revenue $433,026 across 7 lines filed
Part IX · Statement of functional expenses $397,868 across 14 lines filed
Part X · Balance sheet $3,388,114 assets, 14 lines filed
Part XI · Reconciliation of net assets $1,394,843 net assets at year end
Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File
Similar organizations you could support · Compare with another nonprofit
Names, privacy, and removal requests More
The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.
Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.
We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.
Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.
If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.
Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.
If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.