Nonprofit · EIN 43-2016069
ECONOMIC DEVELOPMENT CORPORATION
Tax-exempt · ELK POINT, SD 57025
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-EZ | $110,780 | $0 | $110,780 | $490,184 | – | $490,184 |
| December 31, 2024 | 990-EZ | $15,857 | $0 | $15,857 | $379,404 | $0 | $379,404 |
| December 31, 2023 | 990-EZ | $51,928 | $53,585 | -$1,657 | $363,547 | $0 | $363,547 |
Financial details: 990-EZ for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $0
- Net gain from sales of assets
- $110,780
Expenses
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
Balance sheet and other
- Total assets, start of year
- $379,404
- Total assets, end of year
- $490,184
- Total liabilities, end of year
- –
- Net assets, end of year
- $490,184
- Cash, savings and investments
- $363,449
- Land and buildings
- $126,735
- Gross receipts
- $123,926
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-EZ for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Derek Tuttle | Director | 12 | $0 |
| Troy Donnelly | President | 2 | $0 |
| Brian Chicoine | Treasurer | 2 | $0 |
| Deb McCreary | Secretary | 3 | $0 |
| Corey Chicoine | Vice President | 3 | $0 |
990-EZ for the year ended December 31, 2024: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Derek Tuttle | Director | 12 | $0 |
| Troy Donnelly | President | 2 | $0 |
| Brian Chicoine | Treasurer | 2 | $0 |
| Deb McCreary | Secretary | 3 | $0 |
| Corey Chicoine | Vice President | 3 | $0 |
990-EZ for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Derek Tuttle | Director | 12 | $0 |
| Brian Coyle | President | 2 | $0 |
| Brian Chicoine | Treasurer | 2 | $0 |
| Deb McCreary | Secretary | 3 | $0 |
| Troy Donnelly | Vice President | 3 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 280, ELK POINT, SD 57025-0280
- In care of
- % TROY DONNELLY
- Mailing address (990-N for 2013)
- PO Box 280, Elk Point SD 57025
- Principal officer (990-N for 2013)
- Brian Coyle, PO Box 280, Elk Point SD 57025
- Signed the 990-EZ
- Derek Tuttle, Director
- Website
- www.elkpoint.org
Mission
The Elk Point Economic Development Corporations primary exempt purpose is the promotion and development of the Elk Point economy.
Program accomplishments
- Currently the Elk Point Economic Development Corp. is filling our business park. In 2019 we completed the construction of our business park we have one tenant and are hoping to have a second by the end of the year.
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 | 990-EZ on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 43-2016069
- Tax-exempt status
- 501(c)(4): Social welfare organization
- Donations deductible
- No
- Exempt since
- 2022
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S30)
- Assets (IRS master file)
- $490,184
- Income (IRS master file)
- $123,926
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2025 | $110,780 | $0 | $490,184 | XML |
| 990-EZ | December 2024 | $15,857 | $0 | $379,404 | XML |
| 990-EZ | December 2023 | $51,928 | $53,585 | $363,547 | XML |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990-EZ | December 2021 | – | – | – | IRS |
| 990-N for 2013 Officer: Brian Coyle | December 31, 2013 | ≤ $50,000 receipts | – | – | e-Postcard |
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 43-2016069).
Questions about ECONOMIC DEVELOPMENT CORPORATION
- What is the EIN of ECONOMIC DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of ECONOMIC DEVELOPMENT CORPORATION is 43-2016069.
- Is ECONOMIC DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(4) since 2022.
- Are donations to ECONOMIC DEVELOPMENT CORPORATION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does ECONOMIC DEVELOPMENT CORPORATION 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 ECONOMIC DEVELOPMENT CORPORATION due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did ECONOMIC DEVELOPMENT CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2025.
- Who is the principal officer of ECONOMIC DEVELOPMENT CORPORATION?
- The 990-N for 2013 names Brian Coyle.
- Who are the officers and directors of ECONOMIC DEVELOPMENT CORPORATION?
- The 990-EZ for the year ended December 31, 2025 lists 5 people; 0 received compensation from the organization.
- How much revenue does ECONOMIC DEVELOPMENT CORPORATION have?
- On its 990-EZ for the year ended December 31, 2025 it reported revenue of $110,780, expenses of $0 and total assets of $490,184 at year end.
Other nonprofits in ELK POINT
- ELK POINT CHAMBER EIN 46-0375135 · last filed 990-N for 2025
- UNION COUNTY ELECTRIC COOPERATIVE INC EIN 46-0200495 · last filed 990 for 2025
- RECREATION DEVELOPMENT ASSOCIATION EIN 46-0282949 · last filed 990 for 2024
- HOPE MINISTRIES EIN 46-2000881 · last filed 990-EZ for 2025
- ELK POINT VOLUNTEER FIRE DEPARTMENT INC EIN 46-0381643 · last filed 990 for 2024
- ELK POINT COMMUNITY AMBULANCE EIN 30-1258403 · last filed 990-EZ for 2024
- UNION COUNTY HISTORICAL SOCIETY EIN 46-0409433 · last filed 990 for 2024
- ELK POINT-JEFFERSON EDUCATIONAL FOUNDATION EIN 45-2531813 · last filed 990-EZ for 2025
All nonprofits in ELK POINT · South Dakota · Community improvement and capacity building