NonprofitsBrookings Economic Development Corporation

Brookings Economic Development Corporation

BROOKINGS, SD

Total revenue

$862K

Total expenses

$1.2M

Net assets

$5.7M

Grants received

$80K

4 grants

EIN

460440746

Tax year

2024

Mission

Dedicated to serve the Brookings Area by enhancing the economic well-being of the City of Brookings and its surrounding areas and to improve its quality of life and prosperity.

Financials

FY 2024

Revenue

Contributions & grants$370K
Program service revenue$62K
Investment income$65K
Other revenue$365K
Total revenue$862K

Expenses

Grants paid$442K
Salaries & benefits$413K
Fundraising
Other expenses$331K
Total expenses$1.2M
Total assets$6.0M
Net assets$5.7M

People

17 listed

NameRoleCompensation

Tim Reed

CEO

Board

$95K

40 hrs/wk

Daniel Scholl

Director

Board

1 hrs/wk

Spence Hawley

Director

Board

1 hrs/wk

Marcus Heemstra

Director

Board

1 hrs/wk

Don Greiner

Director

Board

1 hrs/wk

Jeremy Johnson

Director

Board

1 hrs/wk

Andy Johnson

Director

Board

1 hrs/wk

Nick Wendell

Director

Board

1 hrs/wk

Curt Lundquist

Director

Board

1 hrs/wk

Andrew Brown

Director

Board

1 hrs/wk

Steve Carnes

Director

Board

1 hrs/wk

Angela Boersma

Sec/Treas

Board

1 hrs/wk

Mike Bartley

Director

Board

1 hrs/wk

Amanda Ver Helst

Director

Board

1 hrs/wk

Tom Fishback

President

Board

1 hrs/wk

Victoria Blatchford

Past President

Board

1 hrs/wk

Justin Gray

Vice President

Board

1 hrs/wk

Grants received

Showing 4 of 4

FromAmountPurposeYear
$20K
Covid Relief
2021
$20K
Sponsorship
2020
$20K
Sponsorship
2019
$20K
Sponsorship
2017

Funded by

$80K from 2 funders · 4 grants · 2017–2021

Avera Health

$60K · 3 grants · 2017–2020

Brookings Foundation

$20K · 1 grant · 2021

Details

EIN460440746
Subsection06
Ruling date1997-09
Formed1995
Employees5
BROOKINGS ECONOMIC DEVELOPMENT CORPORATION — Mission, Financials & Grants Received | Grantivo