Nonprofit · EIN 46-0412223
HERREID ECONOMIC DEVELOPMENT CORPORATION
Tax-exempt (reinstated) · HERREID, SD 57632
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $47,496 | $20,492 | $27,004 | $569,751 | $0 | $569,751 |
| June 30, 2024 | 990 | $16,015 | $21,430 | -$5,415 | $542,747 | $0 | $542,747 |
| June 30, 2023 | 990 | $17,212 | $56,248 | -$39,036 | $548,162 | $0 | $548,162 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $20,900
- of which government grants
- $20,900
- Program service revenue
- $16,350
- Investment income
- $10,246
- Net gain from sales of assets
- $6,197
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $361
- Depreciation
- $15,088
- Program services (functional)
- $20,492
Balance sheet and other
- Total assets, start of year
- $542,747
- Total assets, end of year
- $569,751
- Total liabilities, end of year
- $0
- Net assets, end of year
- $569,751
- Land, buildings and equipment
- $310,348
- Net assets without donor restrictions
- $569,751
- Gross receipts
- $52,145
- Employees
- 0
- Year formed
- 1990
- 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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BETH FJELDHEIM | DIRECTOR Officer | – | $0 |
| NICOLE GOEHRING | SECRETARY Officer | – | $0 |
| KAYLA HUBER | DIRECTOR Officer | – | $0 |
| HEIDI MEIDINGER | VICE PRESIDE Officer | – | $0 |
| MELINDA NEELELY | PRESIDENT Officer | – | $0 |
| BRAD SCHUETZLE | TREASURER Officer | – | $0 |
| BRADY VANDER VORST | DIRECTOR Officer | – | $0 |
| GARY WEISMANTEL | DIRECTOR Officer | – | $0 |
990 for the year ended June 30, 2024: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BETH FJELDHEIM | DIRECTOR Officer | – | $0 |
| NICOLE GOEHRING | SECRETARY Officer | – | $0 |
| KAYLA HUBER | PRESIDENT Officer | – | $0 |
| MELINDA MCNEALY | VICE PRESIDE Officer | – | $0 |
| HEIDI MEIDINGER | DIRECTOR Officer | – | $0 |
| BRAD SCHUETZLE | TREASURER Officer | – | $0 |
| BRADY VANDER VORST | DIRECTOR Officer | – | $0 |
| GARY WEISMANTEL | DIRECTOR Officer | – | $0 |
990 for the year ended June 30, 2023: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BETH FJELDHEIM | DIRECTOR Officer | – | $0 |
| NICOLE GOEHRING | SECRETARY Officer | – | $0 |
| KAYLA HUBER | PRESIDENT Officer | – | $0 |
| MELINDA MCNEALY | VICE PRESIDE Officer | – | $0 |
| HEIDI MEIDINGER | DIRECTOR Officer | – | $0 |
| BRAD SCHUETZLE | TREASURER Officer | – | $0 |
| BRADY VANDER VORST | DIRECTOR Officer | – | $0 |
| GARY WEISMANTEL | DIRECTOR Officer | – | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 22, HERREID, SD 57632-0022
- In care of
- % TINA KARY
- Mailing address (990-N for 2016)
- PO Box 22, Herreid SD 57632
- Principal officer (990 for 2024)
- BRAD SCHUETZLE, PO BOX 24, HERREID, SD 57632
- Principal officer (990-N for 2016)
- Tina Kary, PO Box 22, Herreid SD 57632
- Signed the 990
- BRAD SCHUETZLE, TREASURER
- Phone
- (701) 226-3572
- Return prepared by
- KOHLMAN BIERSCHBACH & ANDERSON LLP
Mission
THE HERREID ECONOMIC DEVELOPMENT CORPORATION'S MISSION IS TO PROMOTE, ASSIST, ENCOURAGE AND DEVELOP THE BUSINESS AND ECONOMIC PROSPERITY IN HERREID, SOUTH DAKOTA AND THE SURROUNDING AREA. TO ENCOURAGE NEW INDUSTRIES AND TO REHABILITATE EXISTING INDUSTRIES, AND TO PROMOTE THE AGRICULTURAL AND BUSINESS DEVELOPMENT OF HERREID, SOUTH DAKOTA AND THE SURROUNDING AREA; TO SECURE GRANTS AND OTHER FUNDS IN AID OF SAID PURPOSES, AND TO PROMOTE AND PROVIDE JOBS FOR INDIVIDUALS IN HERREID, SOUTH DAKOTA.
Program accomplishments
- THE HERREID ECONOMIC DEVELOPMENT CORPORATION'S MISSION IS TO PROMOTE, ASSIST, ENCOURAGE AND DEVELOP THE BUSINESS AND ECONOMIC PROSPERITY IN HERREID, SOUTH DAKOTA AND THE SURROUNDING AREA. TO ENCOURAGE NEW INDUSTRIES AND TO REHABILITATE EXISTING INDUSTRIES, AND TO PROMOTE THE AGRICULTURAL AND BUSINESS DEVELOPMENT OF HERREID, SOUTH DAKOTA AND THE SURROUNDING AREA; TO SECURE GRANTS AND OTHER FUNDS IN AID OF SAID PURPOSES, AND TO PROMOTE AND PROVIDE JOBS FOR INDIVIDUALS IN HERREID, SOUTH DAKOTA.Expenses $6,495
- THE HERREID ECONOMIC DEVELOPMENT CORPORATION'S MISSION IS TO PROMOTE, ASSIST, ENCOURAGE AND DEVELOP THE BUSINESS AND ECONOMIC PROSPERITY IN HERREID, SOUTH DAKOTA AND THE SURROUNDING AREA. TO ENCOURAGE NEW INDUSTRIES AND TO REHABILITATE EXISTING INDUSTRIES, AND TO PROMOTE THE AGRICULTURAL AND BUSINESS DEVELOPMENT OF HERREID, SOUTH DAKOTA AND THE SURROUNDING AREA; TO SECURE GRANTS AND OTHER FUNDS IN AID OF SAID PURPOSES, AND TO PROMOTE AND PROVIDE JOBS FOR INDIVIDUALS IN HERREID, SOUTH DAKOTA.Expenses $13,997
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 46-0412223
- Tax-exempt status
- 501(c)(4): Social welfare organization
- Donations deductible
- No
- Exempt since
- 2014
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S30)
- Assets (IRS master file)
- $569,751
- Income (IRS master file)
- $52,145
Revocation and reinstatement
- Exemption revoked
- November 15, 2012
- Posted by the IRS
- March 11, 2013
- Reinstated
- Effective November 15, 2012
From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $47,496 | $20,492 | $569,751 | IRS |
| 990 | June 2024 | $16,015 | $21,430 | $542,747 | IRS |
| 990 | June 2023 | $17,212 | $56,248 | $548,162 | XML |
| 990 | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
| 990-N for 2016 Officer: Tina Kary | June 30, 2017 | ≤ $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 46-0412223).
Questions about HERREID ECONOMIC DEVELOPMENT CORPORATION
- What is the EIN of HERREID ECONOMIC DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of HERREID ECONOMIC DEVELOPMENT CORPORATION is 46-0412223.
- Is HERREID ECONOMIC DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS revoked its exemption on November 15, 2012 and reinstated it effective November 15, 2012.
- Are donations to HERREID ECONOMIC DEVELOPMENT CORPORATION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does HERREID 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 HERREID ECONOMIC DEVELOPMENT CORPORATION due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did HERREID ECONOMIC DEVELOPMENT CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of HERREID ECONOMIC DEVELOPMENT CORPORATION?
- The 990 for the year ended June 30, 2025 names BRAD SCHUETZLE.
- Who are the officers and directors of HERREID ECONOMIC DEVELOPMENT CORPORATION?
- The 990 for the year ended June 30, 2025 lists 8 people; 0 received compensation from the organization.
- How much revenue does HERREID ECONOMIC DEVELOPMENT CORPORATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $47,496, expenses of $20,492 and total assets of $569,751 at year end.
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- INTERNATIONAL LITERACY ASSOCIATION EIN 82-4777311 · last filed 990-N for 2024
- AMERICAN LEGION EIN 46-6014648 · last filed 990-N for 2025
- MODERN WOODMEN OF AMERICA EIN 23-7501789 · last filed 990-N for 2025
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All nonprofits in HERREID · South Dakota · Community improvement and capacity building