Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jun 1988.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
56 cents of each dollar spent went to programs.
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
18 people listed on the 990-T.
Geri Beck’s $126K as Exec Director is at the 34th percentile of top reported officer pay among 2833 $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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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
Fosters economic growth and opportunities within the Mitchell, South Dakota region.
Questions for Mitchell Area Development Corporation
Your first name shows with your question. Mitchell Area Development Corporation answers here, for everyone.
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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.
Economic development for assistance in creating jobs in the mitchell trade area.
Workforce development provides assistance to develop the mitchell area workforce by facilitating manufacturing business expansions in the region.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2021 990-T, line by line.
Download 990
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 | $1.1M | $833K | $217K | $4.2M | 990 PDF |
| FY2023 | $446K | $485K | −$40K | $4.0M | 990 PDF |
| FY2022 | Not on file | ||||
| FY2021 | $855K | $524K | $331K | $4.2M | 990 PDF |
| FY2020 | $395K | $764K | −$369K | $3.9M | 990 PDF |
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Schedules filed Part IV
Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File
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