NonprofitsAberdeen Development Corporation

Aberdeen Development Corporation

ABERDEEN, SD

Total revenue

$912K

Total expenses

$1.3M

Net assets

$8.5M

Grants received

$140K

11 grants

EIN

466011831

Tax year

2024

Mission

Formed to encourage and promote development of industrial, commercial, and other types of business in Brown County, SD and the surrounding area.

Financials

FY 2024

Revenue

Contributions & grants$261K
Program service revenue$409K
Investment income$214K
Other revenue$28K
Total revenue$912K

Expenses

Grants paid$179K
Salaries & benefits$513K
Fundraising
Other expenses$591K
Total expenses$1.3M
Total assets$10.7M
Net assets$8.5M

People

17 listed

NameRoleCompensation

Michael Bockorny

CEO

Board

$210K

40 hrs/wk

Tim Hanigan-Chair Jan-Sep

Interim CEO (Oct-Dec)

Board

$25K

40 hrs/wk

Kip Hansen-Vice Chair Jan-Sep

Chair (Oct-Dec)

Board

4 hrs/wk

Mark Gederos-Director Jan-Sep

Chair-Elect (Oct-Dec)

Board

2 hrs/wk

Scott Noeldner

Secretary/Treasurer

Board

6 hrs/wk

Char Hager

Director

Board

0.5 hrs/wk

David Kreber

Director

Board

0.5 hrs/wk

Katie Washnok

Director

Board

0.5 hrs/wk

Keri Satrang

Director

Board

0.5 hrs/wk

Ryan Schmike

Director

Board

0.5 hrs/wk

Adam Butcher

Director

Board

0.5 hrs/wk

Jeff Lee

Director

Board

0.5 hrs/wk

Mark Malchow

Director

Board

0.5 hrs/wk

Spencer Sommers

Director

Board

0.5 hrs/wk

Nicole Summner

Director

Board

0.5 hrs/wk

Paul Forst

Director (Mar-Dec)

Board

0.5 hrs/wk

Shane Phillips

Director (Mar-Dec)

Board

0.5 hrs/wk

Grants received

Showing 11 of 11

FromAmountPurposeYear
$10K
ECONOMIC DEVELOPMENT
2024
$10K
Community Development
2023
$10K
ECONOMIC DEVELOPMENT
2023
$140
Supporting community based childcare
2023
$10K
ECONOMIC DEVELOPMENT,COMMUNITY HEALTH IMPROVEMENT
2022
$10K
Sponsorship
2022
$10K
Sponsorship
2021
$54K
Painting of murals on public buildings in downtown Aberdeen and building improvements at Malchow's Plaza.
2020
$10K
Sponsorship
2020
$7K
Grant to support AARP's livable communities initiative
2020
$9K
GENERAL SUPPORT
2017

Funded by

$140K from 5 funders · 11 grants · 2017–2024

Avera Health

$40K · 4 grants · 2020–2023

Sanford Group Return

$39K · 4 grants · 2017–2024

Aarp

$7K · 1 grant · 2020

Details

EIN466011831
Subsection06
Ruling date1974-03
Formed1955
Employees7
Volunteers15
ABERDEEN DEVELOPMENT CORPORATION — Mission, Financials & Grants Received | Grantivo