Nonprofit · EIN 46-6017848
DE SMET DEVELOPMENT CORPORATION
Tax-exempt · DE SMET, SD 57231
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $355,287 | $331,987 | $23,300 | $1,865,917 | $509,050 | $1,356,867 |
| December 31, 2023 | 990 | $250,482 | $183,612 | $66,870 | $1,943,901 | $652,479 | $1,291,422 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $214,987
- of which government grants
- $199,564
- Program service revenue
- $107,000
- Investment income
- $33,300
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $113,812
- Compensation of officers, directors and key employees
- $63,000
- Salaries, compensation and benefits (total)
- $81,249
- Professional fundraising fees
- $0
- Legal fees
- $30,607
- Travel
- $5,285
- Depreciation
- $19
- Program services (functional)
- $119,256
- Management and general (functional)
- $98,919
Balance sheet and other
- Total assets, start of year
- $1,943,901
- Total assets, end of year
- $1,865,917
- Total liabilities, end of year
- $509,050
- Net assets, end of year
- $1,356,867
- Land, buildings and equipment
- $1,330,357
- Gross receipts
- $355,287
- Employees
- 1
- Volunteers
- 24
- Year formed
- 1968
- 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 |
|---|---|---|---|
| Jamie Lancaster | Director Key employee | 40 | $63,000 |
| Tim Aughenbaugh | Director Trustee or director | 1 | $0 |
| Abi Van Regenmorter | Vice-President Trustee or director, Officer | 1 | $0 |
| James Girard | Director Trustee or director | 1 | $0 |
| Terry Holland | Director Trustee or director | 1 | $0 |
| Matt Kees | President Trustee or director, Officer | 2 | $0 |
| Todd Wilkinson | Director Trustee or director | 1 | $0 |
| Ann Lesch | Sec /Treasurer Trustee or director, Officer | 2 | $0 |
990 for the year ended December 31, 2023: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Jamie Lancaster | Director Key employee | 40 | $57,666 |
| Tim Aughenbaugh | Director Trustee or director | 1 | $0 |
| Abi Van Regenmorter | Vice-President Trustee or director, Officer | 1 | $0 |
| James Girard | Director Trustee or director | 1 | $0 |
| Terry Holland | Director Trustee or director | 1 | $0 |
| Matt Kees | President Trustee or director, Officer | 2 | $0 |
| Todd Wilkinson | Director Trustee or director | 1 | $0 |
| Ann Lesch | Sec /Treasurer Trustee or director, Officer | 2 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 42, DE SMET, SD 57231-0042
- Principal officer (990 for 2024)
- Matt Kees, 19807 434th Ave, De Smet, SD 57231
- Signed the 990
- Matt Kees, President
- Phone
- (605) 854-9011
- Return prepared by
- Wilkinson & Schumacher Law Prof LLC
Mission
Promote the City of DeSmet and the surrounding area by promoting, encouraging and developing business and economic prosperity
Program accomplishments
- Assist in new business expansion and promoting industry in De Smet
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
- 46-6017848
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1968
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $1,865,917
- Income (IRS master file)
- $355,287
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $355,287 | $331,987 | $1,865,917 | XML |
| 990 | December 2023 | $250,482 | $183,612 | $1,943,901 | XML |
| 990 | December 2022 | $138,092 | $155,930 | $1,923,354 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | 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 46-6017848).
Questions about DE SMET DEVELOPMENT CORPORATION
- What is the EIN of DE SMET DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of DE SMET DEVELOPMENT CORPORATION is 46-6017848.
- Is DE SMET DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1968.
- Are donations to DE SMET DEVELOPMENT CORPORATION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does DE SMET 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 DE SMET DEVELOPMENT CORPORATION 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 DE SMET DEVELOPMENT CORPORATION 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 DE SMET DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2024 names Matt Kees.
- Who are the officers and directors of DE SMET DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2024 lists 8 people; 1 received compensation from the organization, the highest $63,000 (Jamie Lancaster, Director).
- How much revenue does DE SMET DEVELOPMENT CORPORATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $355,287, expenses of $331,987 and total assets of $1,865,917 at year end.
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