NonprofitsTimber Lake & Area Development Inc

Community Improvement & Capacity Building

Timber Lake & Area Development Inc

TIMBER LAKE, SD

Total revenue

$249K

Total expenses

$299K

Net assets

$351K

Grants received

$8K

1 grants

EIN

363813692

Tax year

2024

Mission

Promote economic development in rural area.

Programs

3 programs

To provide community leadership that will encourage and work for economic growth in business, industry and tourism, thereby, enhancing the quality of life in the area we serve.

Expenses: $60KGrants: $37K

Purchased and renovated apartment buildings for multi-family housing within the community. There are eighteen units in the buildings.

Expenses: $74K

Purchased new heating system for apartment buildings. Also installed new lighting in the hallway and exterior of the apartments and installed new soffit on 1 apartment building. New shower was also installed in 1 apartment.

Financials

FY 2024

Revenue

Contributions & grants$25K
Program service revenue$220K
Investment income$1K
Other revenue$3K
Total revenue$249K

Expenses

Grants paid$37K
Salaries & benefits$126K
Fundraising
Other expenses$136K
Total expenses$299K
Total assets$910K
Net assets$351K

People

7 listed

NameRoleCompensation

STEVE ABERLE

DIRECTOR

Board

JACE BOOTH

DIRECTOR

Board

BARBARA GROSS

DIRECTOR

Board

JOE SCHERER

VICE PRESIDE

Board

RUSTY GEBHARDT

PRESIDENT

Board

KRISTEN GILL

SECRETARY

Board

CORRINE HUBER

TREASURER

Board

Grants received

Showing 1 of 1

FromAmountPurposeYear
$8K
PLAYSPACE CONSTRUCTION
2019

Funded by

$8K from 1 funder · 1 grant · 2019

Kaboom Inc

$8K · 1 grant · 2019

Details

EIN363813692
NTEE codeS31
Subsection03
Ruling date2005-10
Formed1989
Employees18
TIMBER LAKE & AREA DEVELOPMENT INC — Mission, Financials & Grants Received | Grantivo