Civic Intelligence

Caedc Foundation

EIN 83-1205358 • 501(c)3 • Custer, SD

Profile

Custer area economic development foundation accepts donations to drive and support community and economic growth and development. The custer area economic development foundation shares a common board of directors with 501c6 organization custer area economic development corporation, and the foundation financially supports the initiatives of the corporation.

PO Box 15Custer, SD 57730-0015

www.custerdevelopment.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

20th percentile

-27%

Higher net margin than 20% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

84th percentile

$0

Higher top officer pay than 84% of similar nonprofits.

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

501(c)3 • <$500k nonprofits • Source year 2024

Asset Growth

16th percentile

-57%

Faster asset growth than 16% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

93rd percentile

124%

Faster revenue growth than 93% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Assets

Down

$12,656

Down $16,837 (-57%) from 2023

Liabilities

-

No earlier filing loaded for comparison.

Net Assets

Down

$12,656

Down $16,837 (-57%) from 2023

Revenue

Up

$63,290

Up $34,986 (+124%) from 2023

Expenses

Up

$80,127

Up $51,371 (+179%) from 2023

Net Income

Down

-$16,837

Down $16,385 (-3625%) from 2023

Trend Graphs

Balance Sheet Trend

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

$40K$30K$20K$10K$0Assets 2019: $10,600Net Assets 2019: $10,6002019Assets 2020: $34,602Net Assets 2020: $34,6022020Assets 2021: $35,156Net Assets 2021: $35,1562021Assets 2022: $29,945Net Assets 2022: $29,9452022Assets 2023: $29,493Net Assets 2023: $29,4932023Assets 2024: $12,656Net Assets 2024: $12,6562024

Highlighted filing

2024

Assets$12,656
Liabilities-
Net Assets$12,656

Operations Trend

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

$100K$50K$0-$50KRevenue 2019: $10,6002019Revenue 2020: $26,420Expenses 2020: $2,418Net Income 2020: $24,0022020Revenue 2021: $36,709Expenses 2021: $36,155Net Income 2021: $5542021Revenue 2022: $23,550Expenses 2022: $28,761Net Income 2022: -$5,2112022Revenue 2023: $28,304Expenses 2023: $28,756Net Income 2023: -$4522023Revenue 2024: $63,290Expenses 2024: $80,127Net Income 2024: -$16,8372024

Highlighted filing

2024

Revenue$63,290
Expenses$80,127
Net Income-$16,837

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 17, 2025
Return Version
2024v5.0
Gross Receipts
$63,290
Mission and Program Overview

Mission

To drive community and economic development growth

Custer area economic development foundation accepts donations to drive and support community and economic growth and development. The custer area economic development foundation shares a common board of directors with 501c6 organization custer area economic development corporation, and the foundation financially supports the initiatives of the corporation.

Program Services

DescriptionGrantsExpenses
THROUGH SUPPORT OF THE FOUNDATION, CUSTER AREA ECONOMIC DEVELOPMENT CORPORATION HAS FORMED ASSOCIATIONS WITH OTHER REGIONAL AND STATE ECONOMIC DEVELOPMENT ORGANIZATIONS, ASSISTING WITH ACCESS TO FUNDS, LEADERSHIP AND ENTREPRENEURIAL TRAINING. REPRESENTATIVES WORK TO OPEN OPPORTUNITIES TO GROW EXISTING BUSINESSES, TO ATTRACT AND ASSIST NEW BUSINESS VENTURES AND START-UPS.$67,109$78,614
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
TANYA OLSONPresidentPT$0--
MONNI KARIMSecretary-$0--
PHIL ABERNATHYTreasurer-$0--
JARED SLAGLEBoard Member-$0--
ALEAH WITTBoard Member-$0--
KARI BOLENBoard Member-$0--
COLLEEN HENNESSYBoard MemberPT$0--
Filing and Contact Details

Filer

Filer Name
Caedc Foundation
EIN
83-1205358
Phone
6056735800
Address
PO BOX 15, CUSTER, SD 57730-0015

Signing Officer

Name
Phil Abernathy
Title
Treasurer
Phone
6056735800
Signed
2025-11-17
Discuss with paid preparer
Yes

Preparer

Firm
Ketel Thorstenson Llp
Address
PO BOX 3140, RAPID CITY, SD 57709-3140
Preparer
Brian Watland Ea
Phone
6053425630
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 10

Cash contribution: 15,227 cash contribution: 50,013

Form 990-ez, Part I, Line 16

Expenses marketing & promotions 2,208 office 620 conferences/meetings 3,949 insurance 1,160 community garden 2,609 dues & fees 959 total 11,505

Form 990-ez, Part III

Custer area economic development foundation accepts donations to drive and support community and economic growth and development. The custer area economic development foundation shares a common board of directors with 501c6 organization custer area economic development corporation, and the foundation financially supports the initiatives of the corporation.

Form 990-ez, Part III, Line 28

Through support of the foundation, custer area economic development corporation has formed associations with other regional and state economic development organizations, assisting with access to funds, leadership and entrepreneurial training. Representatives work to open opportunities to grow existing businesses, to attract and assist new business ventures and start-ups.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0CASH CONTRIBUTION: 15,227 CASH CONTRIBUTION: 50,013
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