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Nonprofit · EIN 87-4105727

CLEAR LAKE AREA DEVELOPMENT CORPORATION

Tax-exempt · CLEAR LAKE, SD 57226

Financials

$118K$119K2025
Revenue Expenses · by fiscal year end
Financials of CLEAR LAKE AREA DEVELOPMENT CORPORATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2025990-EZ$117,897$119,136-$1,239$174,669$4,696$169,973
Financial details: 990-EZ for the year ended December 31, 2025

Revenue

Contributions, gifts and grants
$105,189
Program service revenue
$0
Investment income
$1,408
Net income from fundraising events
$2,483
Other revenue
$8,817

Expenses

Grants and similar amounts paid
$4,000
Benefits paid to members
$495
Compensation of officers, directors and key employees
$52,363
Salaries, compensation and benefits (total)
$56,668
Professional fees and payments to contractors
$25,459
Occupancy
$13,868
Printing, publications and postage
$940
Other expenses
$17,706
Program services (functional)
$4,000

Balance sheet and other

Total assets, start of year
$90,728
Total assets, end of year
$174,669
Total liabilities, end of year
$4,696
Net assets, end of year
$169,973
Cash, savings and investments
$94,185
Gross receipts
$119,281

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-EZ for the year ended December 31, 2025, highest compensation first.

NameTitleHours / weekCompensation
Deb AdkinsExecutive Director - October - December40$52,363
Joe UckertMember1$0
Cody KrausePresident1$0
Harry MewherterMember1$0

Address and contacts

Address (IRS master file)
310 5 3RD AVE S, CLEAR LAKE, SD 57226-0000
In care of
% CODY KRAUSE
Signed the 990-EZ
Deborah Adkins, Executive Director

Mission

Promote social welfare and civic betterment improve communities as a whole combat community deterioration further economic development promote growth in business and housing and enhance the quality of life for residents in Deuel County South Dakota.

990-EZ for the year ended December 31, 2025

Program accomplishments

  • Provided business support business development and enrichment of Clear lake & Deuel County
    Expenses $4,000

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026990-EZ on file
2024December 31, 2024May 15, 2025990-EZ on file
2023December 31, 2023May 15, 2024990-EZ on file

File the 2026 990-EZ for CLEAR LAKE AREA DEVELOPMENT CORPORATION

Due May 17, 2027 · e-filed with the IRS by 990.tax, an IRS-authorized e-file provider

IRS record

EIN
87-4105727
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
2022
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$174,669
Income (IRS master file)
$119,281

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-EZDecember 2025–––IRS
990-EZDecember 2024–––IRS
990-EZDecember 2023$92,298$58,012$55,018IRS
990-EZDecember 2022–––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 CLEAR LAKE AREA DEVELOPMENT CORPORATION

What is the EIN of CLEAR LAKE AREA DEVELOPMENT CORPORATION?
The employer identification number (EIN) of CLEAR LAKE AREA DEVELOPMENT CORPORATION is 87-4105727.
Is CLEAR LAKE AREA DEVELOPMENT CORPORATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
Are donations to CLEAR LAKE AREA DEVELOPMENT CORPORATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does CLEAR LAKE 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 CLEAR LAKE 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 CLEAR LAKE AREA DEVELOPMENT CORPORATION last file with the IRS?
The latest return in the IRS public files is the 990-EZ for the year ended December 2025.
Who are the officers and directors of CLEAR LAKE AREA DEVELOPMENT CORPORATION?
The 990-EZ for the year ended December 31, 2025 lists 4 people; 1 received compensation from the organization, the highest $52,363 (Deb Adkins, Executive Director - October - December).
How much revenue does CLEAR LAKE AREA DEVELOPMENT CORPORATION have?
On its 990-EZ for the year ended December 31, 2025 it reported revenue of $117,897, expenses of $119,136 and total assets of $174,669 at year end.

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