2026-09-02T14:03:10-07:00 2025-12-31 460400356 Kinner & Company Ltd 404 3rd Ave Brookings SD 57006 990 2025-01-01 460434487 NECOG Development Corporation NECO 6056262595 416 Production St N 1 Aberdeen SD 57401 Eric Senger Executive Director 2026-09-02 true Nathan Kinner P01250414 6056922515 2025 Eric Senger 416 Production St N 1 Aberdeen SD 57401 882522 false X www.necog.org X 1994 SD To loan federal and state funds to local businesses and industry and to assist businesses in creating and retaining jobs for the region. 7 7 0 0 305296 494704 336721 372479 13258 13201 9519 2138 664794 882522 0 0 2400 4100 0 0 108441 164355 110841 168455 553953 714067 7014895 7667383 1221917 1160338 5792978 6507045 To foster economic development, create/retain jobs, stimulate business opportunities, and attract/retrain business in northeast South Dakota through various economic programs and relationships with Federal, State and local officials. false false 112019 372479 To Loan federal and state funds to local businesses and industries and to assis businesses in creating and retaining jobs for the region. 112019 true false false false false false false false false false false false false false false true true false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false true 34 0 true 0 false false false false false false false 0 false false false false false false false X 7 7 false true false false false false false true false false false false true false true false true true false false X Eric Senger 6056262595 416 Production St N Aberdeen SD 57401 Donald Kallenberger Chairperson 0.30 0.00 X X 700 0 0 Jason Jung Director 0.30 0.00 X 700 0 0 Scott Campbell Vice Chair 0.30 0.00 X X 600 0 0 Todd Garry Director 0.30 0.00 X 600 0 0 Ted Haeder Director 0.30 0.00 X 600 0 0 Craig Oberle Secretary/Treas 0.30 0.00 X X 500 0 0 Heather Beck Director 0.30 0.00 X 400 0 0 Eric Senger Executive Dir. 1.00 0.00 X 0 0 0 4100 0 false false false Northeast Council of Governments 416 Production St N Ste 1 Aberdeen SD 57401 Management Services 127637 0 494704 494704 Interest Income on Loan 522298 358855 358855 Loan Processing and Se 522298 13624 13624 372479 13201 13201 0 0 2113 2113 2113 2113 0 0 0 0 Miscellaneous Income 900099 25 25 Provision - Credit Losses 522298 25 882522 372504 15314 0 0 0 0 4100 4100 0 0 0 0 0 89307 89307 531 531 14899 14899 0 0 0 0 0 0 0 0 0 1995 969 1026 0 0 12360 12360 0 0 0 Indirect Costs 28578 28578 Membership, Dues and Subs 6926 6926 Provision for Bad Debts 5819 5819 Property Expense 3564 3564 376 376 168455 112019 56436 0 11440 171952 641469 978876 0 0 0 0 6342927 6497079 0 0 0 0 0 0 0 19059 19476 7014895 7667383 10209 20862 1211708 1139476 1221917 1160338 X 2066636 2278037 3726342 4229008 5792978 6507045 7014895 7667383 714067 X false true X false true true X 728928 110620 305296 494704 1639548 237873 259972 505940 346240 374617 1724642 0 0 0 966801 370592 505940 651536 869321 3364190 0 13940 13940 13940 13940 3350250 43354 2144 8791 13258 13201 80748 0 43354 2144 8791 13258 13201 80748 0 0 1010155 372736 514731 664794 882522 3444938 0.97250 0.97660 0.02340 0.02020 X X 882522 882522 882522 168455 168455 168455 Part X : FIN48 Footnote The Development Corporation is organized as a South Dakota nonprofit corporation and has been recognized by the Internal Revenue Service (IRS) as exempt from federal income taxes under Internal Revenue Code Section 501(c)(3). The Development Corporation is annually required to file a Return of Organization Exempt from Income Tax (Form 990) with the IRS. The Development Corporation has determined it is not subject to unrelated business income tax and has not filed an Exempt Organization Business Income Tax Return (Form 990T) with the IRS.The Development Corporation believes it has appropriate support for any tax positions taken affectings its annual filing requirements, and as such, does not have any uncertain tax positions that are material to the financial statements. The Development Corporation would recognize future accrued interest and penalties related to unrecognized tax benefits and liabilites in income tax expense if such interest and penalties are incurred. Form 990, Part VI, Section A, Line 1a There are currently no committees with the authority to act on behalf of the board. Form 990, Part VI, Section A, Line 3 The NECOG Development Corporation (Development Corporation) does not have any employees nor does it have its own offices. The Development Corporation entered into an agreement with Northeast Council of Governments to provide management services. Northeast Council of Governments charges an administrative fee to the Development Corporation for the services it provides and expenses incurred on behalf of the Development Corporation. Form 990, Part VI, Section B, Line 11b The draft Form 990 will be reviewed by the Executive Director and the RLF manager of Northeast Council of Governments. Form 990, Part VI, Section B, Line 12c The conflict of interest policy covers the governing board members. The board members sign a conflict of interest statement when they initially join the board. If the governing board determines that a conflict exists, the board member abstains from decisions as they are brought to the board agenda. Each Organization's officers and diectors also completes a relationship disclosure checklist annually at the first meeting of the year. Form 990, Part VI, Section B, Line 15a The organization does not have employees. Form 990, Part VI, Section C, Line 19 The organization makes its governing documents, conflict of interest policy, and financial statements available upon request. Documentation and Retention Destruction Policy Line 14 The Organization does not have a formal document retention and destruction policy, however, documents are maintained to ensure compliance with federal regulations and provisions of the loan agreements entered into by the Organization.