Civic Intelligence

Colman Economic Development Corporation

EIN 56-2539591 • 501(c)6 • Colman, SD

Profile

Enhance economic well-being of the area.

PO Box 54 112 N Main AvenueColman, SD 57017

www.colmanedc.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2024

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.

Source year 2024

Net Margin

22nd percentile

-20%

Higher net margin than 22% of similar nonprofits.

501(c)6 • <$500k nonprofits • Source year 2024

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

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

501(c)6 • <$500k nonprofits • Source year 2024

Asset Growth

47th percentile

-2.9%

Faster asset growth than 47% of similar nonprofits.

501(c)6 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

98th percentile

322%

Faster revenue growth than 98% of similar nonprofits.

501(c)6 • <$500k nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / AssetsScore unavailable

Assets

Down

$357,734

Down $4,296 (-1.2%) from 2022

Liabilities

-

No earlier filing loaded for comparison.

Net Assets

Down

$357,734

Down $4,296 (-1.2%) from 2022

Operations
Liabilities / RevenueScore unavailableNet Margin22nd percentile

Revenue

Down

$108,633

Down $40,507 (-27%) from 2022

Expenses

Up

$130,128

Up $92,158 (+243%) from 2022

Net Income

Down

-$21,495

Down $132,665 (-119%) from 2022

Trend Graphs

Balance Sheet Trend

Asset Growth47th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$400K$300K$200K$100K$0Assets 2011: $376,147Liabilities 2011: $176,169Net Assets 2011: $199,9782011Assets 2012: $352,038Liabilities 2012: $173,032Net Assets 2012: $179,0062012Assets 2013: $318,265Liabilities 2013: $158,992Net Assets 2013: $159,2732013Assets 2014: $290,510Liabilities 2014: $160,487Net Assets 2014: $130,0232014Assets 2015: $228,822Liabilities 2015: $121,687Net Assets 2015: $107,1352015Assets 2020: $222,790Liabilities 2020: $0Net Assets 2020: $222,7902020Assets 2021: $250,860Net Assets 2021: $250,8602021Assets 2022: $362,030Net Assets 2022: $362,0302022Assets 2024: $357,734Net Assets 2024: $357,7342024

Highlighted filing

2024

Assets$357,734
Liabilities-
Net Assets$357,734
Open 2024 Filing

Operations Trend

Revenue Growth98th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$300K$200K$100K$0-$100KRevenue 2011: $0Expenses 2011: $36,625Net Income 2011: -$36,6252011Revenue 2012: $7,218Expenses 2012: $36,370Net Income 2012: -$29,1522012Revenue 2013: $23,720Expenses 2013: $43,453Net Income 2013: -$19,7332013Revenue 2014: $1Expenses 2014: $29,251Net Income 2014: -$29,2502014Revenue 2015: $20,024Expenses 2015: $42,912Net Income 2015: -$22,8882015Revenue 2020: $256,736Expenses 2020: $48,560Net Income 2020: $208,1762020Revenue 2021: $77,392Expenses 2021: $49,322Net Income 2021: $28,0702021Revenue 2022: $149,140Expenses 2022: $37,970Net Income 2022: $111,1702022Revenue 2024: $108,633Expenses 2024: $130,128Net Income 2024: -$21,4952024

Highlighted filing

2024

Revenue$108,633
Expenses$130,128
Net Income-$21,495
Open 2024 Filing

Filings

Most recent year

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

Open filing
Assets
$357,734
Liabilities
-
Net assets
$357,734
Revenue
$108,633
Expenses
$130,128
Net income
-$21,495
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$3.58$3.58$1.09$1.30$0.21
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.62$3.62$1.49$0.38$1.11
2021Detailed filing. Detailed filing data is available for this year.$2.51$2.51$0.77$0.49$0.28
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.23$0.00$2.23$2.57$0.49$2.08
2015Detailed filing. Detailed filing data is available for this year.$2.29$1.22$1.07$0.20$0.43$0.23
2014Detailed filing. Detailed filing data is available for this year.$2.91$1.60$1.30$0.00$0.29$0.29
2013Detailed filing. Detailed filing data is available for this year.$3.18$1.59$1.59$0.24$0.43$0.20
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.52$1.73$1.79$0.07$0.36$0.29
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.76$1.76$2.00$0.00$0.37$0.37
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 17, 2025
Return Version
2024v5.2
Gross Receipts
$150,347
Mission and Program Overview

Mission

Enhance economic well-being of the area.

Program Services

DescriptionGrantsExpenses
Enhance economic well-being of the area.--
Compensation and Service Providers
Top Officer Pay77th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Brent NelsonPresident-$0--
Jesse LarsonDirector-$0--
Billy StitzSec/Treasurer-$0--
Keaton WestoverDirector-$0--
Lori HansonDirector-$0--
Brooke RollagVice President-$0--
Dan BowenDirector-$0--
Fundraising, Events, and Gaming

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Raffle Drawing$45,730$45,730-$45,730
Golf Fundraiser$27,348$27,348$600$26,748
Total Events$73,078$73,078$41,714$31,364
Filing and Contact Details

Filer

Filer Name
Colman Economic Development Corporation
EIN
56-2539591
Phone
6055343611
Address
PO Box 54 112 N Main Avenue, Colman, SD 57017

Signing Officer

Name
Billy Stitz
Title
Sec/Treasurer
Signed
2025-11-17
Discuss with paid preparer
Yes

Preparer

Firm
Kinner & Company Ltd
Address
404 3rd Ave PO Box 690, Brookings, SD 57006
Preparer
Nathan Kinner
Phone
6056922515
Supplemental Narrative

Additional Explanations

Other Revenue.1

“Easement $2965”

Grants and Similar Amounts Paid In Excess of $5,000.1

“| Donee's Name: City of Colman | Cash Amount Given: $115000”

Other Expenses.1009

“Depreciation $5882”

Other Expenses.1

“Supplies $1037”

Other Expenses.2

“Property Taxes $805”

Raw XML Appendix157 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
IRS990EZ/ActivitiesNotPreviouslyRptInd0false
IRS990EZ/BooksInCareOfDetail/PersonNm0Colman Economic Development Co
IRS990EZ/BooksInCareOfDetail/PhoneNum06055343611
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt0PO Box 54 112 N Main Avenue
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0Colman
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0SD
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd057017
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt0349931
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt0344996
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/ContributionsGiftsGrantsEtcAmt072655
IRS990EZ/CostOfGoodsSoldAmt00
IRS990EZ/CostOrOtherBasisExpenseSaleAmt00
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/ExcessOrDeficitForYearAmt0-21495
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt07404
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt0368551
IRS990EZ/Form990TotalAssetsGrp/EOYAmt0357734
IRS990EZ/FundraisingGrossIncomeAmt073078
IRS990EZ/GrantsAndSimilarAmountsPaidAmt0115000
IRS990EZ/GrossReceiptsAmt0150347
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InvestmentIncomeAmt01649
IRS990EZ/LandAndBuildingsGrp/BOYAmt018620
IRS990EZ/LandAndBuildingsGrp/EOYAmt012738
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt0368551
IRS990EZ/NetAssetsOrFundBalancesEOYAmt0357734
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt0368551
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt0357734
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt00.50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt10.50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt20.50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt30.50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt40.50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt50.50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt60.50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt60
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0Brent Nelson
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1Jesse Larson
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2Billy Stitz
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3Keaton Westover
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4Lori Hanson
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm5Brooke Rollag
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm6Dan Bowen
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0President
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2Sec/Treasurer
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5Vice President
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt6Director
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501cInd0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherChangesInNetAssetsAmt010678
IRS990EZ/OtherExpensesTotalAmt07724
IRS990EZ/OtherRevenueTotalAmt02965
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0Enhance economic well-being of the area.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0Enhance economic well-being of the area.
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/SpecialEventsDirectExpensesAmt041714
IRS990EZ/SpecialEventsNetIncomeLossAmt031364
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TaxImposedOnOrganizationMgrAmt00
IRS990EZ/TaxImposedUnderIRC4911Amt00
IRS990EZ/TaxImposedUnderIRC4912Amt00
IRS990EZ/TaxImposedUnderIRC4955Amt00
IRS990EZ/TaxReimbursedByOrganizationAmt00
IRS990EZ/TotalExpensesAmt0130128
IRS990EZ/TotalRevenueAmt0108633
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0www.colmanedc.com
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990ScheduleG/FundraisingEventInformationGrp/CashPrizesEvent1Amt06250
IRS990ScheduleG/FundraisingEventInformationGrp/CashPrizesEvent2Amt019356
IRS990ScheduleG/FundraisingEventInformationGrp/CashPrizesTotalEventsAmt025606
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt041714
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0Raffle Drawing
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0Golf Fundraiser
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent2Amt0637
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt0637
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt045730
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt027348
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt073078
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt045730
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt027348
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt073078
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt031364
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesEvent1Amt012217
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesEvent2Amt0324
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesTotalEventsAmt012541
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt0600
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent2Amt0600
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent2Amt02330
IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsTotalEventsAmt02330
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Easement $2965
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1| Donee's Name: City of Colman | Cash Amount Given: $115000
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Depreciation $5882
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Supplies $1037
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Property Taxes $805
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Other Revenue.1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Grants and Similar Amounts Paid In Excess of $5,000.1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Other Expenses.1009
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Other Expenses.1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Other Expenses.2
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Billy Stitz
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Sec/Treasurer
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-11-17
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Colman Economic Development Corporation
ReturnHeader/Filer/BusinessNameControlTxt0COLM
ReturnHeader/Filer/EIN0562539591
ReturnHeader/Filer/PhoneNum06055343611
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO Box 54 112 N Main Avenue
ReturnHeader/Filer/USAddress/CityNm0Colman
ReturnHeader/Filer/USAddress/StateAbbreviationCd0SD
ReturnHeader/Filer/USAddress/ZIPCd057017
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0460400356
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Kinner & Company Ltd
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0404 3rd Ave PO Box 690
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Brookings
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0SD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd057006
ReturnHeader/PreparerPersonGrp/PhoneNum06056922515
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Nathan Kinner
ReturnHeader/ReturnTs02025-11-17T10:45:24-08:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 501(c)6 • <$500k nonprofits