Nonprofit · EIN 46-0434534
CANTON ECONOMIC DEVELOPMENT CORPORATIONN
Tax-exempt · CANTON, SD 57013
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $685,468 | $198,553 | $486,915 | $1,695,982 | $794,054 | $901,928 |
| December 31, 2023 | 990 | $430,890 | $119,788 | $311,102 | $1,330,772 | $336,630 | $994,142 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $592,631
- of which government grants
- $579,131
- Program service revenue
- $78,688
- Investment income
- $13,406
- Net rental income
- $743
- Other revenue
- $743
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $97,000
- Salaries, compensation and benefits (total)
- $97,000
- Professional fundraising fees
- $0
- Legal fees
- $12,173
- Program services (functional)
- $79,188
- Management and general (functional)
- $119,365
Balance sheet and other
- Total assets, start of year
- $1,330,772
- Total assets, end of year
- $1,695,982
- Total liabilities, end of year
- $794,054
- Net assets, end of year
- $901,928
- Gross receipts
- $686,355
- Employees
- 0
- Volunteers
- 13
- Year formed
- 1993
- 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 |
|---|---|---|---|
| SCOTT LARSON | PRESIDENT Trustee or director, Officer | 4 | $0 |
| DARIN OAKLAND | VICE PRESIDENT Trustee or director, Officer | – | $0 |
| RUSS TOWNSEND | SECRETARY Trustee or director, Officer | 0.5 | $0 |
| TODD GANNON | TREASURER Trustee or director, Officer | 1 | $0 |
| BRYAN LAUNDERVILLE | DIRECTOR Trustee or director | 1 | $0 |
| NANCY BITTERMAN | DIRECTOR Trustee or director | – | $0 |
| JOEL KLATT | DIRECTOR Trustee or director | – | $0 |
| JON FRICK | DIRECTOR Trustee or director | 1 | $0 |
| BRAD GOODROAD | DIRECTOR Trustee or director | – | $0 |
| NICK THOMPSON | DIRECTOR Trustee or director | 1 | $0 |
| JOSIE JOHNSON | DIRECTOR Trustee or director | – | $0 |
| SANDRA LUNDSTROM | DIRECTOR Trustee or director | – | $0 |
| CHRIS YORK | DIRECTOR Trustee or director | – | $0 |
990 for the year ended December 31, 2023: 13 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SCOTT LARSON | PRESIDENT Trustee or director, Officer | 1 | $0 |
| DARIN OAKLAND | VICE PRESIDENT Trustee or director, Officer | – | $0 |
| RUSS TOWNSEND | SECRETARY Trustee or director, Officer | 0.5 | $0 |
| LEON EICH | TREASURER Trustee or director, Officer | 0.5 | $0 |
| BRYAN LAUNDERVILLE | DIRECTOR Trustee or director | – | $0 |
| NANCY BITTERMAN | DIRECTOR Trustee or director | – | $0 |
| JOEL KLATT | DIRECTOR Trustee or director | – | $0 |
| JON FRICK | DIRECTOR Trustee or director | – | $0 |
| DAVID GILLESPIE | DIRECTOR Trustee or director | – | $0 |
| NICK THOMPSON | DIRECTOR Trustee or director | – | $0 |
| TODD GANNON | DIRECTOR Trustee or director | – | $0 |
| SANDRA LUNDSTROM | DIRECTOR Trustee or director | – | $0 |
| CHRIS YORK | DIRECTOR Trustee or director | – | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 3, CANTON, SD 57013-0003
- In care of
- % LEON EICH
- Principal officer (990 for 2024)
- LEON EICH, 1015 N KIDDER, CANTON, SD 57013
- Signed the 990
- LEON EICH, TREASURER
- Phone
- (605) 987-7382
- Return prepared by
- Frieberg Nelson & Ask LLP
Mission
TO PROMOTE AND ASSIST THE GROWTH AND DEVELOPMENT OF SMALL BUSINESS, INDUSTRY, AND RESIDENTIAL GROWTH IN CANTON, SD
Program accomplishments
- TOOK OUT A LOAN TO PAY DEVELOPMENT EXPENSESExpenses $78,688 · revenue $78,688
- HOTEL FEASIBILITY STUDYExpenses $500
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
- 46-0434534
- Tax-exempt status
- 501(c)(4): Social welfare organization
- Donations deductible (Pub 78)
- Organization other than a public charity or private foundation
- Exempt since
- 1995
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $1,695,982
- Income (IRS master file)
- $686,355
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $685,468 | $198,553 | $1,695,982 | IRS |
| 990 | December 2023 | $430,890 | $119,788 | $1,330,772 | XML |
| 990 | December 2022 | $489,478 | $122,297 | $1,019,670 | IRS |
| 990-EZ | December 2021 | – | – | – | IRS |
| 990-EZ | December 2020 | – | – | – | 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 46-0434534).
Questions about CANTON ECONOMIC DEVELOPMENT CORPORATIONN
- What is the EIN of CANTON ECONOMIC DEVELOPMENT CORPORATIONN?
- The employer identification number (EIN) of CANTON ECONOMIC DEVELOPMENT CORPORATIONN is 46-0434534.
- Is CANTON ECONOMIC DEVELOPMENT CORPORATIONN tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(4) since 1995.
- Are donations to CANTON ECONOMIC DEVELOPMENT CORPORATIONN tax-deductible?
- Yes. It is listed in IRS Publication 78 (Organization other than a public charity or private foundation).
- Which annual return does CANTON ECONOMIC DEVELOPMENT CORPORATIONN 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 CANTON ECONOMIC DEVELOPMENT CORPORATIONN 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 CANTON ECONOMIC DEVELOPMENT CORPORATIONN 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 CANTON ECONOMIC DEVELOPMENT CORPORATIONN?
- The 990 for the year ended December 31, 2024 names LEON EICH.
- Who are the officers and directors of CANTON ECONOMIC DEVELOPMENT CORPORATIONN?
- The 990 for the year ended December 31, 2024 lists 13 people; 0 received compensation from the organization.
- How much revenue does CANTON ECONOMIC DEVELOPMENT CORPORATIONN have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $685,468, expenses of $198,553 and total assets of $1,695,982 at year end.
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