Nonprofit · EIN 46-0394983
MITCHELL AREA DEVELOPMENT CORPORATION
Tax-exempt · MITCHELL, SD 57301
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| September 30, 2025 | 990 | $3,060,398 | $1,914,586 | $1,145,812 | $8,153,566 | $2,778,264 | $5,375,302 |
| September 30, 2024 | 990 | $1,050,468 | $833,318 | $217,150 | $5,553,609 | $1,324,119 | $4,229,490 |
Financial details: 990 for the year ended September 30, 2025
Revenue
- Contributions, gifts and grants
- $3,008,218
- of which government grants
- $2,799,081
- Membership dues
- $41,578
- Program service revenue
- $0
- Investment income
- $46,920
- Other revenue
- $5,260
Expenses
- Grants and similar amounts paid
- $1,205,692
- Other salaries and wages
- $322,640
- Salaries, compensation and benefits (total)
- $396,962
- Professional fundraising fees
- $0
- Legal fees
- $44,502
- Accounting fees
- $7,195
- Occupancy
- $10,800
- Travel
- $18,292
- Depreciation
- $6,025
- Program services (functional)
- $1,584,925
- Management and general (functional)
- $329,661
Balance sheet and other
- Total assets, start of year
- $5,553,609
- Total assets, end of year
- $8,153,566
- Total liabilities, end of year
- $2,778,264
- Net assets, end of year
- $5,375,302
- Land, buildings and equipment
- $3,740,644
- Net assets without donor restrictions
- $407,055
- Net assets with donor restrictions
- $4,968,247
- Gross receipts
- $3,060,398
- Employees
- 0
- Volunteers
- 17
- Year formed
- 1985
- 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 September 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LEE ANDERSON | DIRECTOR Trustee or director | 1 | $0 |
| KRISTY BERG | EX-OFFICIO Trustee or director | 1 | $0 |
| DR JOE CHILDS | DIRECTOR Trustee or director | 1 | $0 |
| JOHN CLAGGET | EX-OFFICIO Trustee or director | 1 | $0 |
| TREVOR DIERKS | PAST PRESIDE Trustee or director, Officer | 2 | $0 |
| CHAD GLANZER | DIRECTOR Trustee or director | 1 | $0 |
| JORDAN HANSON | EX-OFFICIO Trustee or director | 1 | $0 |
| JACQUELYN JOHNSON | DIRECTOR Trustee or director | 1 | $0 |
| DR DAN KITTLE | DIRECTOR Trustee or director | 1 | $0 |
| BRIAN KLOCK | DIRECTOR Trustee or director | 1 | $0 |
| THERESA KRIESE | DIRECTOR Trustee or director | 1 | $0 |
| JUSTIN LUTHER | DIRECTOR Trustee or director | 1 | $0 |
| JEFF MCCORMICK | TREASURER Trustee or director, Officer | 2 | $0 |
| DR HILARY ROCKWELL | DIRECTOR Trustee or director | 1 | $0 |
| KEN SCHLIMGEN | PRESIDENT Trustee or director, Officer | 3 | $0 |
2 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JEFF SMITH | EX-OFFICIO Trustee or director | 1 | $0 |
| RYAN THOMPSON | VICE PRESIDE Trustee or director, Officer | 2 | $0 |
990 for the year ended September 30, 2024: 17 people
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| MIKE LAURITSEN | EXEC DIRECTOR Key employee | 40 | $0 | $91,117 |
| KEN SCHLIMGEN | PRESIDENT Trustee or director, Officer | 3 | $0 | $0 |
| LEE ANDERSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BECKY PITZ | VICE PRESIDENT Trustee or director, Officer | 2 | $0 | $0 |
| CHAD GLANZER | DIRECTOR Trustee or director, Officer | 1 | $0 | $0 |
| RYAN THOMPSON | TREASURER Trustee or director | 1 | $0 | $0 |
| DR JOE CHILDS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JEFF SMITH | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JOHN CLAGGETT | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DR HILARY ROCKWELL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BRIAN KLOCK | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JORDAN HANSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JOSH MOODY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MARK WILSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| TREVOR DIERKS | PAST PRESIDENT Trustee or director, Officer, Former | 2 | $0 | $0 |
| DR JOE KITTLE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JUSTIN LUTHER | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 601 N MAIN ST, MITCHELL, SD 57301-1945
- Principal officer (990 for 2024)
- MIKE LAURITSEN, 601 N MAIN ST, MITCHELL, SD 57301
- Signed the 990
- MIKE LAURITSEN, EXECUTIVE DIRECTOR
- Phone
- (605) 996-1140
- Return prepared by
- ELO PROF LLC
Mission
PROMOTE ECONOMIC DEVELOPMENT IN THE MITCHELL, SD AREA.
Program accomplishments
- PROGRAM SERVICES INCLUDE ACTIVITIES TO PROMOTE ECONOMIC DEVELOPMENT IN THE MITCHELL AREA. THE ORGANIZATION PROVIDES FUNDING TO RECRUIT VARIOUS BUSINESSES TO THE MITCHELL AREA. WITH THE GOAL OF CREATING NEW JOBS & IMPROVING THE LOCAL ECONOMIC BASE. LAND HAS BEEN ACQUIRED FOR FUTURE PROSPECTS & BUILDINGS HAVE BEEN ACQUIRED TO LEASE TO COMMERCIAL TENANTS.Expenses $1,375,697 · grants $1,205,692
- ECONOMIC DEVELOPMENT FOR ASSISTANCE IN CREATING JOBS IN THE MITCHELL TRADE AREA.Expenses $117,933
- WORKFORCE DEVELOPMENT PROVIDES ASSISTANCE TO DEVELOP THE MITCHELL AREA WORKFORCE BY FACILITATING MANUFACTURING & BUSINESS EXPANSIONS IN THE REGION.Expenses $91,295
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 September, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | September 30, 2026 | February 15, 2027 | Not due yet |
| 2024 | September 30, 2025 | February 16, 2026 | 990 on file |
| 2023 | September 30, 2024 | February 17, 2025 | 990 on file |
IRS record
- EIN
- 46-0394983
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1988
- Accounting year ends
- September
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S31Z)
- Assets (IRS master file)
- $8,153,566
- Income (IRS master file)
- $3,060,398
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | September 2025 | – | – | – | IRS |
| 990 | September 2024 | – | – | – | IRS |
| 990 | September 2023 | $445,865 | $485,480 | $5,327,379 | IRS |
| 990-T | September 2023 | – | – | – | IRS |
| 990 | September 2022 | $530,993 | $683,590 | $4,367,187 | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990 | September 2021 | – | – | – | IRS |
| 990-T | December 2020 | – | – | – | IRS |
| 990 | September 2020 | – | – | – | IRS |
| 990 | September 2019 | – | – | – | IRS |
| 990 | September 2018 | – | – | – | IRS |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 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.
Questions about MITCHELL AREA DEVELOPMENT CORPORATION
- What is the EIN of MITCHELL AREA DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of MITCHELL AREA DEVELOPMENT CORPORATION is 46-0394983.
- Is MITCHELL AREA DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1988.
- Are donations to MITCHELL AREA DEVELOPMENT CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does MITCHELL AREA 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 MITCHELL AREA DEVELOPMENT CORPORATION due?
- The return for tax year 2025 (the year ending September 30, 2026) is due February 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MITCHELL AREA DEVELOPMENT CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended September 2025.
- Who is the principal officer of MITCHELL AREA DEVELOPMENT CORPORATION?
- The 990 for the year ended September 30, 2025 names MIKE LAURITSEN.
- Who are the officers and directors of MITCHELL AREA DEVELOPMENT CORPORATION?
- The 990 for the year ended September 30, 2025 lists 17 people; 0 received compensation from the organization.
- How much revenue does MITCHELL AREA DEVELOPMENT CORPORATION have?
- On its 990 for the year ended September 30, 2025 it reported revenue of $3,060,398, expenses of $1,914,586 and total assets of $8,153,566 at year end.
Other nonprofits in MITCHELL
- MITCHELL MAIN STREET AND BEYOND INC EIN 26-1224470 · last filed 990-EZ for 2025
- RIVERS & ROCKIES OUTDOOR LODGING COALITION INC EIN 99-3524325 · last filed 990-EZ for 2025
- MITCHELL AREA INCLUSION COALITION EIN 99-4794739 · last filed 990-N for 2025
- MITCHELL BOARD OF REALTORS INC EIN 46-0399095 · last filed 990-N for 2025
- MITCHELL ROTARY CLUB INC EIN 81-3443567 · last filed 990-N for 2024
- AVERA QUEEN OF PEACE EIN 46-0224604 · last filed 990 for 2025
- CENTRAL ELECTRIC COOPERATIVE INC EIN 41-1955109 · last filed 990 for 2025
- DAKOTA WESLEYAN UNIVERSITY EIN 46-0224589 · last filed 990 for 2025
All nonprofits in MITCHELL · South Dakota · Community improvement and capacity building