Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in 0000.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Who runs it and what they're paid
13 people listed on the 990; $124K paid to officers and key staff.
Compensation history total reportable pay by year · 1 named individual · Part VII
| Name | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Jim Protexter | $124,425 | $121,103 | $115,745 | $106,665 | $102,413 | $99,452 |
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.
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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 15aYes
Programs and updates
Develops lots for rent and helps businesses get loans to start or continue operations.
Questions for Pierre Economic Development Corporation
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Corp is paid through rental agreements in order to fulfill its mission for the promotion of the pierre community by expansion of present facilities or promoting new facilities to attract new businesses and conventions to the area.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2025 990, line by line.
Download 990
| Line | Start FY25 | End FY25 |
|---|---|---|
| Cash and savingsLn 1–2 | $289K | $165K |
| InvestmentsLn 11–13 | $944K | $1.6M |
| Land, buildings, equipmentLn 10c | $2K | $3K |
| Total assetsLn 16 | $1.7M | $1.8M |
| LiabilitiesLn 26 | $42K | $108K |
| Net assetsLn 32 | $1.6M | $1.7M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $3K | $0 | ||
| Grants to domestic individualsLn 2 | $5K | $0 | ||
| Pay of current officers, directors and key staffLn 5 | $128K | $0 | $0 | $0 |
| Pension plan contributionsLn 8 | $4K | $0 | $0 | $0 |
| Payroll taxesLn 10 | $10K | $0 | $0 | $0 |
| Management feesLn 11a | $2K | $0 | $0 | $0 |
| Legal feesLn 11b | $690 | $0 | $0 | $0 |
| Accounting feesLn 11c | $15K | $0 | $0 | $0 |
| Advertising and promotionLn 12 | $4K | $0 | $0 | $0 |
| Office expensesLn 13 | $3K | $0 | $0 | $0 |
| OccupancyLn 16 | $2K | $0 | $0 | $0 |
| TravelLn 17 | $3K | $0 | $0 | $0 |
| Conferences, conventions and meetingsLn 19 | $5K | $0 | $0 | $0 |
| Depreciation, depletion and amortizationLn 22 | $257 | $0 | $0 | $0 |
| InsuranceLn 23 | $5K | $0 | $0 | $0 |
| Other expenses (24a–d)Ln 24 | $37K | $0 | $0 | $0 |
| Total functional expensesLn 25 | $226K | $0 | $0 | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest Viewing | $309K | $226K | $82K | $1.7M | 990 PDF |
| FY2024 | $808K | $469K | $339K | $1.6M | 990 PDF |
| FY2023 | $323K | $285K | $37K | $1.2M | 990 PDF |
| FY2022 | $303K | $294K | $10K | $1.2M | 990 PDF |
| FY2021 | $248K | $242K | $6K | $1.3M | 990 PDF |
| FY2020 | $331K | $260K | $71K | $1.2M | 990 PDF |
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Schedules filed Part IV
See the full FY2025 990 (6 parts)
Part I · Summary $308,611 revenue, 12 lines filed
Part VI · Governance 13 of 13 board members independent, no flags
Part VIII · Statement of revenue $308,611 across 10 lines filed
Part IX · Statement of functional expenses $226,300 across 16 lines filed
Part X · Balance sheet $1,824,869 assets, 14 lines filed
Part XI · Reconciliation of net assets $1,716,997 net assets at year end
Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File
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