Nonprofit · EIN 46-0358940
SPEARFISH INDUSTRIAL DEVELOPMENT
Tax-exempt · SPEARFISH, SD 57783
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $433,026 | $397,868 | $35,158 | $3,388,114 | $1,993,271 | $1,394,843 |
| December 31, 2023 | 990 | $647,534 | $389,027 | $258,507 | $3,512,500 | $2,152,815 | $1,359,685 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $122,020
- Membership dues
- $72,100
- Program service revenue
- $5,500
- Investment income
- $3,551
- Net rental income
- $301,955
- Other revenue
- $301,955
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $145,618
- Other salaries and wages
- $53,330
- Salaries, compensation and benefits (total)
- $238,890
- Professional fundraising fees
- $0
- Accounting fees
- $8,996
- Occupancy
- $15,926
- Travel
- $2,286
- Program services (functional)
- $360,921
- Management and general (functional)
- $36,947
Balance sheet and other
- Total assets, start of year
- $3,512,500
- Total assets, end of year
- $3,388,114
- Total liabilities, end of year
- $1,993,271
- Net assets, end of year
- $1,394,843
- Land, buildings and equipment
- $3,059,954
- Gross receipts
- $585,313
- Employees
- 0
- Volunteers
- 0
- Year formed
- 1980
- State of legal domicile
- SD
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KORY MENKEN | EXECUTIVE DIR. Officer | 40 | $145,618 |
| JAMES MORTENSON | DIRECTOR Trustee or director | 1 | $0 |
| JOHN SENDEN | EX-OFFICIO Trustee or director | 1 | $0 |
| JOHN BUXTON | PRESIDENT-ELECT Trustee or director, Officer | 1 | $0 |
| DAN O'SHEA | DIRECTOR Trustee or director | 1 | $0 |
| THOMAS WORSLEY | DIRECTOR Trustee or director | 1 | $0 |
| JENNI SNEESBY | PRESIDENT Trustee or director, Officer | 1 | $0 |
| JOHN REINERS | DIRECTOR Trustee or director | 1 | $0 |
| JULIE BENEDICT | DIRECTOR Trustee or director | 1 | $0 |
| ASHLEY MCDONALD | EX-OFFICIO Trustee or director | 1 | $0 |
| MANDY KNIGHT | DIRECTOR Trustee or director | 1 | $0 |
| PRISCILLA ROMKEMA | PAST-PRESIDENT Trustee or director, Officer | 1 | $0 |
| JESS WEAVER | DIRECTOR Trustee or director | 1 | $0 |
| BRANDON FLANAGAN | EX-OFFICIO Trustee or director | 1 | $0 |
| TJ GUSSO | TREASURER Trustee or director, Officer | 1 | $0 |
5 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JASON ROBERDEAU | DIRECTOR Trustee or director | 1 | $0 |
| KIRK EASTON | EX-OFFICIO Trustee or director | 1 | $0 |
| TATE JOHNSON | VICE PRESIDENT Trustee or director | 1 | $0 |
| BARB CLINE | DIRECTOR Trustee or director | 1 | $0 |
| STEVE ELLIOT | EX-OFFICIO Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 20 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KORY MENKEN | EXECUTIVE DIR. Officer | 40 | $137,020 |
| JAMES MORTENSON | DIRECTOR Trustee or director | 1 | $0 |
| JOHN SENDEN | EX-OFFICIO Trustee or director | 1 | $0 |
| JOHN BUXTON | PRESIDENT-ELECT Trustee or director, Officer | 1 | $0 |
| DAN O'SHEA | DIRECTOR Trustee or director | 1 | $0 |
| THOMAS WORSLEY | DIRECTOR Trustee or director | 1 | $0 |
| JENNI SNEESBY | PRESIDENT Trustee or director, Officer | 1 | $0 |
| JOHN REINERS | DIRECTOR Trustee or director | 1 | $0 |
| JULIE BENEDICT | DIRECTOR Trustee or director | 1 | $0 |
| ASHLEY MCDONALD | EX-OFFICIO Trustee or director | 1 | $0 |
| MANDY KNIGHT | DIRECTOR Trustee or director | 1 | $0 |
| PRISCILLA ROMKEMA | PAST-PRESIDENT Trustee or director, Officer | 1 | $0 |
| JESS WEAVER | DIRECTOR Trustee or director | 1 | $0 |
| BRANDON FLANAGAN | EX-OFFICIO Trustee or director | 1 | $0 |
| TJ GUSSO | TREASURER Trustee or director, Officer | 1 | $0 |
| JASON ROBERDEAU | DIRECTOR Trustee or director | 1 | $0 |
| KIRK EASTON | EX-OFFICIO Trustee or director | 1 | $0 |
| TATE JOHNSON | VICE PRESIDENT Trustee or director | 1 | $0 |
| BARB CLINE | DIRECTOR Trustee or director | 1 | $0 |
| STEVE ELLIOT | EX-OFFICIO Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 106 W KANSAS ST, SPEARFISH, SD 57783-2016
- Principal officer (990 for 2024)
- KORY MENKEN, 106 W KANSAS STREET, SPEARFISH, SD 57783
- Signed the 990
- TJ GUSSO, TREASURER
- Phone
- (605) 642-3832
- Website
- WWW.SPEARFISHDEVELOPMENT.COM
- Return prepared by
- CROW PEAK ACCOUNTING INC
Mission
PROMOTING ECONOMIC GROWTH FOR CITY OF SPEARFISH AND SURROUNDING AREA.
Program accomplishments
- INCREASED COMMUNITY AWARENESS OF ECONOMIC DEVELOPMENT. PROVIDED BUSINESS CONSULTATION TO LOCAL EXISTING BUSINESSES IN MARKETING, FINANCE, LOCAL DEMOGRAPHICS AND TRENDS. PROVIDED BUSINESS CONSULTATION TO LOCAL ENTREPRENEURS THROUGH DEMO GRAPHICAL INFORMATION, ASSISTANCE WITH BUSINESS PLAN DEVELOPMENT AND LOCATIN FINANCING SOURCES. ENCOURAGED NEW BUSINESSES TO LOCATE IN SPEARFISH, SD .Expenses $360,921 · revenue $5,500
- ADMINISTRATE LOW INTEREST LOANS TO DEVELOPING AND/OR NEW BUSINESSES TO COMMUNITY OF SPEARFISH IN AN EFFORT TO CREATE NEW JOB OPPORTUNITIES AND PROVIDE INCENTIVE TO BRING NEW BUSINESSES TO AREA
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 46-0358940
- Tax-exempt status
- 501(c)(4): Social welfare organization
- Exempt since
- 1980
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $3,388,114
- Income (IRS master file)
- $585,313
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $433,026 | $397,868 | $3,388,114 | XML |
| 990 | December 2023 | $647,534 | $389,027 | $3,512,500 | XML |
| 990 | December 2022 | $667,193 | $295,020 | $2,213,628 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 46-0358940).
Questions about SPEARFISH INDUSTRIAL DEVELOPMENT
- What is the EIN of SPEARFISH INDUSTRIAL DEVELOPMENT?
- The employer identification number (EIN) of SPEARFISH INDUSTRIAL DEVELOPMENT is 46-0358940.
- Is SPEARFISH INDUSTRIAL DEVELOPMENT tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(4) since 1980.
- Which annual return does SPEARFISH INDUSTRIAL DEVELOPMENT file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of SPEARFISH INDUSTRIAL DEVELOPMENT due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did SPEARFISH INDUSTRIAL DEVELOPMENT last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of SPEARFISH INDUSTRIAL DEVELOPMENT?
- The 990 for the year ended December 31, 2024 names KORY MENKEN.
- Who are the officers and directors of SPEARFISH INDUSTRIAL DEVELOPMENT?
- The 990 for the year ended December 31, 2024 lists 20 people; 1 received compensation from the organization, the highest $145,618 (KORY MENKEN, EXECUTIVE DIR.).
- How much revenue does SPEARFISH INDUSTRIAL DEVELOPMENT have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $433,026, expenses of $397,868 and total assets of $3,388,114 at year end.
Other nonprofits in SPEARFISH
- BLACK HILLS STATE UNIVERSITY FOUNDATION EIN 23-7428348 · last filed 990 for 2024
- NORTHERN HILLS TRAINING EIN 46-0347103 · last filed 990 for 2025
- WEST RIVER TRANSIT AUTHORITY INC EIN 91-1848280 · last filed 990 for 2025
- PONDEROSA APARTMENTS INC EIN 23-7232223 · last filed 990 for 2025
- THE FOUNDATION FOR CHRISTIAN DISCIPLESHIP EIN 74-2502054 · last filed 990 for 2024
- SPEARFISH EMERGENCY AMBULANCE SERVICE EIN 46-0337939 · last filed 990 for 2024
- SOCIETY OF ST VINCENT DE PAUL RAPID CITY DIOCESE DISTRICT COUNCIL EIN 81-1558996 · last filed 990 for 2025
- BLACK HILLS CHRISTIAN ACADEMY EIN 46-0433594 · last filed 990 for 2025