Nonprofit · EIN 46-0444442
PARKSTON AREA DEVELOPMENT CORPORATION
Tax-exempt · PARKSTON, SD 57366
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $40,282 | $34,436 | $5,846 | $1,969,133 | $1,715,675 | $253,458 |
| December 31, 2024 | 990 | $30,620 | $33,346 | -$2,726 | $253,825 | $6,213 | $247,612 |
| December 31, 2023 | 990 | $79,131 | $30,748 | $48,383 | $256,551 | $6,213 | $250,338 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $27,500
- Program service revenue
- $0
- Investment income
- $10,532
- Net rental income
- $1,750
- Net gain from sales of assets
- $7,500
- Other revenue
- $2,250
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $345
- Occupancy
- $2,875
- Program services (functional)
- $34,091
- Management and general (functional)
- $345
Balance sheet and other
- Total assets, start of year
- $253,825
- Total assets, end of year
- $1,969,133
- Total liabilities, end of year
- $1,715,675
- Net assets, end of year
- $253,458
- Land, buildings and equipment
- $1,633,419
- Net assets without donor restrictions
- $253,458
- Gross receipts
- $40,282
- Employees
- 0
- Volunteers
- 13
- Year formed
- 1997
- 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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MIKE MAXWELL | VICE-PRESIDENT Officer | 5 | $0 |
| JAMES D BORMANN | DIRECTOR Trustee or director | 1 | $0 |
| JOLYN DOERING | TREASURER Officer | 5 | $0 |
| GREG REISER | DIRECTOR Trustee or director | 1 | $0 |
| DREW MUNTEFERING | PRESIDENT Officer | 5 | $0 |
| MELISSA STORK | DIRECTOR Trustee or director | 1 | $0 |
| PATRICK MIKKONEN | DIRECTOR Trustee or director | 1 | $0 |
| SCOTT HERR | SECRETARY Officer | 5 | $0 |
| LINDSAY WEBER | DIRECTOR Trustee or director | 1 | $0 |
| GLENN HARNISCH | DIRECTOR Trustee or director | 1 | $0 |
| LANCE THURY | DIRECTOR Trustee or director | 1 | $0 |
| KELLY HOHN | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2024: 13 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MIKE MAXWELL | VICE-PRESIDENT Officer | 5 | $0 |
| JAMES D BORMANN | DIRECTOR Trustee or director | 1 | $0 |
| JOLYN DOERING | TREASURER Officer | 5 | $0 |
| GREG REISER | DIRECTOR Trustee or director | 1 | $0 |
| DREW MUNTEFERING | PRESIDENT Officer | 5 | $0 |
| MELISSA STORK | DIRECTOR Trustee or director | 1 | $0 |
| RYAN THOMPSON | DIRECTOR Trustee or director | 1 | $0 |
| BOB SCHOENFELDER | DIRECTOR Trustee or director | 1 | $0 |
| PATRICK MIKKONEN | DIRECTOR Trustee or director | 1 | $0 |
| SCOTT HERR | SECRETARY Officer | 5 | $0 |
| LINDSAY WEBER | DIRECTOR Trustee or director | 1 | $0 |
| GLENN HARNISCH | DIRECTOR Trustee or director | 1 | $0 |
| LANCE THURY | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 13 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MIKE MAXWELL | VICE-PRESIDENT Officer | 5 | $0 |
| JAMES D BORMANN | DIRECTOR Trustee or director | 1 | $0 |
| JOLYN DOERING | TREASURER Officer | 5 | $0 |
| GREG REISER | DIRECTOR Trustee or director | 1 | $0 |
| DREW MUNTEFERING | PRESIDENT Officer | 5 | $0 |
| MELISSA STORK | DIRECTOR Trustee or director | 1 | $0 |
| RYAN THOMPSON | DIRECTOR Trustee or director | 1 | $0 |
| BOB SCHOENFELDER | DIRECTOR Trustee or director | 1 | $0 |
| PATRICK MIKKONEN | DIRECTOR Trustee or director | 1 | $0 |
| SCOTT HERR | SECRETARY Officer | 5 | $0 |
| LINDSAY WEBER | DIRECTOR Trustee or director | 1 | $0 |
| GLENN HARNISCH | DIRECTOR Trustee or director | 1 | $0 |
| LANCE THURY | DIRECTOR Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 772, PARKSTON, SD 57366-0772
- In care of
- % KEITH GOEHRING PRES
- Mailing address (990-N for 2007)
- PO BOX 490, PARKSTON SD 57366
- Principal officer (990 for 2025)
- JAMES D BORMANN, 604 WEST FIR STREET, PARKSTON, SD 57366
- Principal officer (990-N for 2007)
- JOLYN DOERING, PO BOX 161, PARKSTON SD 57366
- Signed the 990
- DREW MUNTEFERING, PRESIDENT
- Phone
- (605) 928-7630
- Return prepared by
- SCHOENFISH & CO INC
Mission
PROVIDE ECONOMIC OPPORTUNITIES FOR THE CITY OF PARKSTON, SD
Program accomplishments
- PROVIDE ECONOMIC DEVELOPMENT OPPORTUNITIES FOR THE CITY OF PARKSTON, SD
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. 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 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
- 46-0444442
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1997
- Accounting year ends
- December
- Files
- Form 990-N (e-Postcard)
- Assets (IRS master file)
- $1,969,133
- Income (IRS master file)
- $40,282
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $40,282 | $34,436 | $1,969,133 | XML |
| 990 | December 2024 | $30,620 | $33,346 | $253,825 | IRS |
| 990 | December 2023 | $79,131 | $30,748 | $256,551 | XML |
| 990 | December 2022 | $45,001 | $29,077 | $209,141 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990-N for 2007 Officer: JOLYN DOERING | December 31, 2007 | ≤ $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 46-0444442).
Questions about PARKSTON AREA DEVELOPMENT CORPORATION
- What is the EIN of PARKSTON AREA DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of PARKSTON AREA DEVELOPMENT CORPORATION is 46-0444442.
- Is PARKSTON AREA DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1997.
- Are donations to PARKSTON AREA DEVELOPMENT CORPORATION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does PARKSTON AREA DEVELOPMENT CORPORATION file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of PARKSTON AREA 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 PARKSTON AREA DEVELOPMENT CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of PARKSTON AREA DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2025 names JAMES D BORMANN.
- Who are the officers and directors of PARKSTON AREA DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2025 lists 12 people; 0 received compensation from the organization.
- How much revenue does PARKSTON AREA DEVELOPMENT CORPORATION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $40,282, expenses of $34,436 and total assets of $1,969,133 at year end.
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