Civic Intelligence

Salem Economic Development Corporation

990 • Fiscal year 2024 • EIN 37-2045526

Jan 01, 2024 to Dec 31, 2024 • Filed on Apr 04, 2025

Organization Profile
400 N Main StreetSalem, SD 57058

(605) 929-5982

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

33rd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2024 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

33rd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2024 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2024

Net Margin

63rd percentile

12%

Higher net margin than 63% of similar nonprofits.

2024 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2024

Top Officer Pay

55th percentile

$0

Higher top officer pay than 55% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2024 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2024

Asset Growth

48th percentile

3.2%

Faster asset growth than 48% of similar nonprofits.

2024 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Revenue Growth

89th percentile

87%

Faster revenue growth than 89% of similar nonprofits.

2024 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets33rd percentile

Assets

Up

$836,918

Up $25,758 (+3.2%) from 2023

Net Assets

Up

$836,918

Up $32,263 (+4.0%) from 2023

Liabilities

Down

$0

Down $6,505 (-100%) from 2023

Revenue And Expenses
Liabilities / Revenue33rd percentileNet Margin63rd percentile

Revenue

Up

$271,541

Up $126,418 (+87%) from 2023

Expenses

Up

$239,278

Up $100,286 (+72%) from 2023

Net Income

Up

$32,263

Up $26,132 (+426%) from 2023

Historical Trend

Balance Sheet Trend

Asset Growth48th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.0M$500K$0Assets 2022: $798,524Liabilities 2022: $0Net Assets 2022: $798,5242022Assets 2023: $811,160Liabilities 2023: $6,505Net Assets 2023: $804,6552023Assets 2024: $836,918Liabilities 2024: $0Net Assets 2024: $836,9182024

Highlighted filing

2024

Assets$836,918
Liabilities$0
Net Assets$836,918
Open 2024 Filing

Operations Trend

Revenue Growth89th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$300K$200K$100K$0Revenue 2022: $284,876Expenses 2022: $1,352Net Income 2022: $283,5242022Revenue 2023: $145,123Expenses 2023: $138,992Net Income 2023: $6,1312023Revenue 2024: $271,541Expenses 2024: $239,278Net Income 2024: $32,2632024

Highlighted filing

2024

Revenue$271,541
Expenses$239,278
Net Income$32,263
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Apr 4, 2025
Return Version
2024v5.0
Gross Receipts
$271,541
Mission and Program Overview

Mission

To assist and further the economic development of salem, sd and its environs, and to promote and assist in the growth and development of small busiensses in the area.

Balance Sheet Detail
LineBeginningEndChange
Assets
Inventories for Sale or Use$636,123$793,624▲ $157,501
Cash and Non-Interest-Bearing Accounts$175,037$43,294▼ $131,743
Total Assets$811,160$836,918▲ $25,758
Liabilities
Accounts Payable and Accrued Expenses$6,505--
Total Liabilities$6,505$0▼ $6,505
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$804,655$836,918▲ $32,263
Total Net Assets Fund Balance$804,655$836,918▲ $32,263
Total Liabilities and Net Assets / Fund Balance$811,160$836,918▲ $25,758
Compensation and Service Providers
Top Officer Pay55th percentile

Board Members and Trustees

NameTitle
Jeremy GradyPresident
Brad KranzDirector
Carla SnydersDirector
Debra CheesemanDirector
Keith PaulsonDirector
Logan RothTreasurer/se
Mitch RaymanVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$112,000
Program Service Revenue
$157,000
Investment Income
$2,541
Other Revenue
$0
Change in Net Assets
$32,263
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$239,278
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$24,845--$24,845
Advertising$944--$944
Other Expenses$6,233$836-$836
Fees for Services Accounting-$770-$770
All Other Expenses$650--$650
Total Functional Expenses$232,672$6,606$0$239,278
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 7A

“The number of directors shall be no more than seven and no less than three. The members at the annual meeting shall elect directors who each shall serve for a three-year term. The terms shall be staggered so that no more than three directors are up for election in any given year. Any vacancies shall be filled by the majority vote of the board of directors, and shall hold office for the remaining unexpired term.”

Form 990, Page 6, Part VI, Line 11B

“The board of directors will review form 990 and provide final approval.”

Form 990, Page 6, Part VI, Line 19

“Governing documents will be available upon request.”

Filing and Contact Details

Filer

Filer Name
Salem Economic Development
EIN
37-2045526
Phone
6059295982
Address
400 N MAIN STREET, SALEM, SD 57058

Signing Officer

Name
Logan Roth
Title
Treasurer/secretary
Phone
6059295982
Signed
2025-04-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Logan Roth
Formed
2022
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
7

Preparer

Firm
Elo Prof LLC
Address
PO BOX 249, MITCHELL, SD 57301
Preparer
Jamie a Eldeen CPA
Phone
6059967717
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Other professional fees 24,845 0 0”

Form 990, Part XI, Line 9

“Opening balance net assets 0”

Raw XML Appendix308 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt06505
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0TO ASSIST AND FURTHER THE ECONOMIC DEVELOPMENT OF SALEM, SD AND ITS ENVIRONS, AND TO PROMOTE AND ASSIST IN THE GROWTH AND DEVELOPMENT OF SMALL BUSIENSSES IN THE AREA.
IRS990/AdvertisingGrp/ProgramServicesAmt0944
IRS990/AdvertisingGrp/TotalAmt0944
IRS990/AllOtherExpensesGrp/ProgramServicesAmt0650
IRS990/AllOtherExpensesGrp/TotalAmt0650
IRS990/BackupWthldComplianceInd0false
IRS990/BooksInCareOfDetail/PersonNm0LOGAN ROTH
IRS990/BooksInCareOfDetail/PhoneNum06059295982
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt025098 440TH AVE
IRS990/BooksInCareOfDetail/USAddress/CityNm0SALEM
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0SD
IRS990/BooksInCareOfDetail/USAddress/ZIPCd057058
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt0175037
IRS990/CashNonInterestBearingGrp/EOYAmt043294
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0false
IRS990/CompensationProcessOtherInd0false
IRS990/ConflictOfInterestPolicyInd0false
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0112000
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt02541
IRS990/CYOtherExpensesAmt0239278
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt0157000
IRS990/CYRevenuesLessExpensesAmt032263
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt0239278
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0271541
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/Desc0TO PROMOTE GROWTH AND BUSINESS DEVELOPMENT IS SALEM, SD AND THE SURROUNDING AREA
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0false
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0true
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt0232672
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt0770
IRS990/FeesForServicesAccountingGrp/TotalAmt0770
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt024845
IRS990/FeesForServicesOtherGrp/TotalAmt024845
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt61.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/PersonNm0DEBRA CHEESEMAN
IRS990/Form990PartVIISectionAGrp/PersonNm1JEREMY GRADY
IRS990/Form990PartVIISectionAGrp/PersonNm2BRAD KRANZ
IRS990/Form990PartVIISectionAGrp/PersonNm3KEITH PAULSON
IRS990/Form990PartVIISectionAGrp/PersonNm4MITCH RAYMAN
IRS990/Form990PartVIISectionAGrp/PersonNm5LOGAN ROTH
IRS990/Form990PartVIISectionAGrp/PersonNm6CARLA SNYDERS
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/TitleTxt0DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4VICE PRESIDE
IRS990/Form990PartVIISectionAGrp/TitleTxt5TREASURER/SE
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd0false
IRS990/FormationYr02022
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt07
IRS990/GovernmentGrantsAmt0112000
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0271541
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt07
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InventoriesForSaleOrUseGrp/BOYAmt0636123
IRS990/InventoriesForSaleOrUseGrp/EOYAmt0793624
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt02541
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt02541
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0TO ASSIST AND FURTHER THE ECONOMIC DEVELOPMENT OF SALEM, SD AND ITS ENVIRONS, AND TO PROMOTE AND ASSIST IN THE GROWTH AND DEVELOPMENT OF SMALL BUSIENSSES IN THE AREA.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt0804655
IRS990/NetAssetsOrFundBalancesEOYAmt0836918
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0804655
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0836918
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherExpensesGrp/Desc0COST OF SALES
IRS990/OtherExpensesGrp/Desc1CLOSING COSTS
IRS990/OtherExpensesGrp/Desc2GRANTS TO OTHERS
IRS990/OtherExpensesGrp/Desc3BANK & MISCELLANEOUS
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt05000
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1836
IRS990/OtherExpensesGrp/ProgramServicesAmt0200000
IRS990/OtherExpensesGrp/ProgramServicesAmt16233
IRS990/OtherExpensesGrp/TotalAmt0200000
IRS990/OtherExpensesGrp/TotalAmt16233
IRS990/OtherExpensesGrp/TotalAmt25000
IRS990/OtherExpensesGrp/TotalAmt3836
IRS990/PartialLiquidationInd0false
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0LOGAN ROTH
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0SALE OF DEVELOPMENT LAND
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0157000
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0157000
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt045479
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt04644
IRS990/PYOtherExpensesAmt0138992
IRS990/PYProgramServiceRevenueAmt095000
IRS990/PYRevenuesLessExpensesAmt06131
IRS990/PYTotalExpensesAmt0138992
IRS990/PYTotalRevenueAmt0145123
IRS990/ReconcilationRevenueExpnssAmt032263
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0157000
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0112000
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt045479
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0284762
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0442241
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0159541
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt099644
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0114
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0259299
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/InvestmentIncomePYPct00.00000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct01.00000
IRS990ScheduleA/PublicSupportPY509Pct01.00000
IRS990ScheduleA/PublicSupportTotal509Amt0701540
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0271541
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0145123
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0284876
IRS990ScheduleA/Total509Grp/TotalAmt0701540
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0271541
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0145123
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0284876
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0701540
IRS990/ScheduleBRequiredInd0false
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE NUMBER OF DIRECTORS SHALL BE NO MORE THAN SEVEN AND NO LESS THAN THREE. THE MEMBERS AT THE ANNUAL MEETING SHALL ELECT DIRECTORS WHO EACH SHALL SERVE FOR A THREE-YEAR TERM. THE TERMS SHALL BE STAGGERED SO THAT NO MORE THAN THREE DIRECTORS ARE UP FOR ELECTION IN ANY GIVEN YEAR. ANY VACANCIES SHALL BE FILLED BY THE MAJORITY VOTE OF THE BOARD OF DIRECTORS, AND SHALL HOLD OFFICE FOR THE REMAINING UNEXPIRED TERM.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD OF DIRECTORS WILL REVIEW FORM 990 AND PROVIDE FINAL APPROVAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2GOVERNING DOCUMENTS WILL BE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3OTHER PROFESSIONAL FEES 24,845 0 0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4OPENING BALANCE NET ASSETS 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART IX, LINE 11G
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XI, LINE 9
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0811160
IRS990/TotalAssetsEOYAmt0836918
IRS990/TotalAssetsGrp/BOYAmt0811160
IRS990/TotalAssetsGrp/EOYAmt0836918
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0112000
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt06606
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0232672
IRS990/TotalFunctionalExpensesGrp/TotalAmt0239278
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt06505
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt06505
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0804655
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0836918
IRS990/TotalProgramServiceExpensesAmt0232672
IRS990/TotalProgramServiceRevenueAmt0157000
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0159541
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0271541
IRS990/TotalVolunteersCnt07
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0811160
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0836918
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0LOGAN ROTH
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER/SECRETARY
ReturnHeader/BusinessOfficerGrp/PhoneNum06059295982
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-04-04
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SALEM ECONOMIC DEVELOPMENT
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0CORPORATION
ReturnHeader/Filer/BusinessNameControlTxt0SALE
ReturnHeader/Filer/EIN0372045526
ReturnHeader/Filer/PhoneNum06059295982
ReturnHeader/Filer/USAddress/AddressLine1Txt0400 N MAIN STREET
ReturnHeader/Filer/USAddress/CityNm0SALEM
ReturnHeader/Filer/USAddress/StateAbbreviationCd0SD
ReturnHeader/Filer/USAddress/ZIPCd057058
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0460434947
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0ELO PROF LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 249
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MITCHELL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0SD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd057301
ReturnHeader/PreparerPersonGrp/PhoneNum06059967717
ReturnHeader/PreparerPersonGrp/PreparationDt02025-04-04
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JAMIE A ELDEEN CPA
ReturnHeader/ReturnTs02025-04-07T10:15:07-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$836,918
Liabilities
$0
Net assets
$836,918
Revenue
$271,541
Expenses
$239,278
Net income
$32,263
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$8.37$0.00$8.37$2.72$2.39$0.32
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.11$0.07$8.05$1.45$1.39$0.06
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.99$0.00$7.99$2.85$0.01$2.84
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2024 filings • 501(c)3 • $500k-$1M nonprofits