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
14 people listed on the 990; $99K 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.
See Pierre Economic Development Corporation 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
Develops lots for rent and helps businesses get loans to start or continue operations.
Questions for Pierre Economic Development Corporation
Your first name shows with your question. Pierre Economic Development Corporation answers here, for everyone.
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 FY2020 990, line by line.
Download 990
| Line | Start FY20 | End FY20 |
|---|---|---|
| Cash and savingsLn 1–2 | $901K | $1.0M |
| Land, buildings, equipmentLn 10c | $1.1M | $1.1M |
| Total assetsLn 16 | $2.3M | $2.3M |
| LiabilitiesLn 26 | $1.1M | $1.1M |
| Net assetsLn 32 | $1.2M | $1.2M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic individualsLn 2 | $7K | $0 | ||
| Pay of current officers, directors and key staffLn 5 | $99K | $0 | $0 | $0 |
| Other salaries and wagesLn 7 | $0 | $0 | $0 | $0 |
| Pension plan contributionsLn 8 | $3K | $0 | $0 | $0 |
| Other employee benefitsLn 9 | $16K | $0 | $0 | $0 |
| Payroll taxesLn 10 | $8K | $0 | $0 | $0 |
| Legal feesLn 11b | $506 | $0 | $0 | $0 |
| Accounting feesLn 11c | $12K | $0 | $0 | $0 |
| Advertising and promotionLn 12 | $7K | $0 | $0 | $0 |
| Office expensesLn 13 | $1K | $0 | $0 | $0 |
| OccupancyLn 16 | $2K | $0 | $0 | $0 |
| TravelLn 17 | $1K | $0 | $0 | $0 |
| Conferences, conventions and meetingsLn 19 | $2K | $0 | $0 | $0 |
| InterestLn 20 | $34K | $0 | $0 | $0 |
| Depreciation, depletion and amortizationLn 22 | $30K | $0 | $0 | $0 |
| InsuranceLn 23 | $1K | $0 | $0 | $0 |
| Other expenses (24a–d)Ln 24 | $26K | $0 | $0 | $0 |
| All other expensesLn 24e | $10K | $0 | $0 | $0 |
| Total functional expensesLn 25 | $260K | $0 | $0 | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 LatestFiled with the IRS Jul 24, 2026 | $309K | $226K | $82K | $1.7M | 990 PDF |
| FY2024Filed with the IRS Sep 17, 2025 | $808K | $469K | $339K | $1.6M | 990 PDF |
| FY2023Filed with the IRS Sep 13, 2024 | $323K | $285K | $37K | $1.2M | 990 PDF |
| FY2022Filed with the IRS Nov 14, 2023 | $303K | $294K | $10K | $1.2M | 990 PDF |
| FY2021Filed with the IRS Nov 10, 2022 | $248K | $242K | $6K | $1.3M | 990 PDF |
| FY2020 ViewingFiled with the IRS Nov 12, 2021 | $331K | $260K | $71K | $1.2M | 990 PDF |
Schedules filed Part IV
See the full FY2020 990 (6 parts)
Part I · Summary $330,620 revenue, 12 lines filed
Part VI · Governance 13 of 13 board members independent, no flags
Part VIII · Statement of revenue $330,620 across 7 lines filed
Part IX · Statement of functional expenses $259,696 across 18 lines filed
Part X · Balance sheet $2,274,388 assets, 15 lines filed
Part XI · Reconciliation of net assets $1,179,410 net assets at year end
Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File
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