NonprofitsVermillion Development Company

Vermillion Development Company

VERMILLION, SD

Total revenue

$3.0M

Total expenses

$2.1M

Net assets

$2.3M

Grants received

$263K

7 grants

EIN

460284795

Tax year

2024

Mission

To promote and develop economic growth for the city of vermillion, sd.

Financials

FY 2024

Revenue

Contributions & grants$1.2M
Program service revenue$88K
Investment income$145K
Other revenue$1.5M
Total revenue$3.0M

Expenses

Grants paid
Salaries & benefits$414K
Fundraising$256K
Other expenses$1.7M
Total expenses$2.1M
Total assets$16.6M
Net assets$2.3M

People

15 listed

NameRoleCompensation

JOE HOOSE

CHAIR

Board

2 hrs/wk

ANDY SCHULZ

VICE CHAIR

Board

2 hrs/wk

DUSTIN SOCKNESS

TREASURER

Board

2 hrs/wk

KATEY ULRICH

SECRETARY

Board

2 hrs/wk

VERONICA SCHMIDT

DIRECTOR

Board

1 hrs/wk

GREGG PETERS

DIRECTOR

Board

1 hrs/wk

JOHN PRESCOTT

DIRECTOR

Board

1 hrs/wk

DAMON ALVEY

DIRECTOR

Board

1 hrs/wk

JON COLE

DIRECTOR

Board

1 hrs/wk

JESSI HANSON

DIRECTOR

Board

1 hrs/wk

BEKKI ENGQUIST-SCHROEDER

DIRECTOR

Board

1 hrs/wk

JIM WATERS

DIRECTOR

Board

1 hrs/wk

MATT BURBACH

DIRECTOR

Board

1 hrs/wk

JAMES PETERSON

CEO

Board

40 hrs/wk

TRAVIS MOCKLER

DIRECTOR

Board

Grants received

Showing 7 of 7

FromAmountPurposeYear
$15K
ECONOMIC DEVELOPMENT
2023
$23K
ECONOMIC DEVELOPMENT
2022
$15K
Vermillion NOW economic development campaign
2020

Funded by

$263K from 2 funders · 7 grants · 2020–2024

University Of South Dakota Foundation

$211K · 4 grants · 2020–2024

Sanford Group Return

$53K · 3 grants · 2020–2023

Details

EIN460284795
Subsection04
Ruling date1978-08
Formed1967
Employees10
VERMILLION DEVELOPMENT COMPANY — Mission, Financials & Grants Received | Grantivo