Mitchell Area Development Corporation
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Fosters economic growth and opportunities within the Mitchell, South Dakota region. For fiscal year 2024 it reported $1.1M in revenue, $833K in expenses, and $4.2M in net assets.Pt I
Summary of the Filing
Where the work happens
Program services include activities to promote economic development in the mitchell area. The organization provides funding to recruit various businesses to the mitchell area. With the goal of creating new jobs improving the local economic base.
Workforce development provides assistance to develop the mitchell area workforce by facilitating manufacturing business expansions in the region.
Economic development for assistance in creating jobs in the mitchell trade area.
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Identity & Classification
Governance & Policies
Officers, Directors & Key Employees
Geri Beck’s $126K as Exec Director is at the 34th percentile of top reported officer pay among 2835 $1–10M community development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
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Statement of Revenue
Statement of Functional Expenses
Balance Sheet
Financial Metrics
Same NTEE category, revenue band, and state where available. Descriptive — not a grade.
| Metric | This org | Peer median | Percentile |
|---|---|---|---|
| Program ratio | 58% | — | — |
| Overhead ratio | 42% | — | — |
| Fundraising cost ratio | 0% | — | — |
| Revenue growth | 136% | — | — |
| Investment management fee ratio | 0% | — | — |
| Legal fee ratio | 6% | — | — |
| Accounting fee ratio | 1% | — | — |
Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.
Grants
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Filings & Schedule Manifest
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