Civic Intelligence

Caedc Foundation

990EZ • Fiscal year 2022 • EIN 83-1205358

Jan 01, 2022 to Dec 31, 2022 • Filed on May 23, 2023

PO Box 15Custer, SD 57730-0015

(605) 673-5800

Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

Down

$29,945

Down $5,211 (-15%) from 2021

Net Assets

Down

$29,945

Down $5,211 (-15%) from 2021

Liabilities

-

No earlier filing loaded for comparison.

Revenue And Expenses

Revenue

Down

$23,550

Down $13,159 (-36%) from 2021

Expenses

Down

$28,761

Down $7,394 (-20%) from 2021

Net Income

Down

-$5,211

Down $5,765 (-1041%) from 2021

Historical Trend

Balance Sheet Trend

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

$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

2022

Assets$29,945
Liabilities-
Net Assets$29,945

Operations Trend

Revenue, expenses, and net income across loaded years, with this 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

2022

Revenue$23,550
Expenses$28,761
Net Income-$5,211
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
May 23, 2023
Return Version
2022v5.0
Gross Receipts
$23,550
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.$15,227$27,403
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
JEFF PRIORPresident-$0--
TANYA OLSONSecretary-$0--
PHILLIP ABERNATHYTreasurer-$0--
KELLY MILLERBoard Member-$0--
MONNI KARIMBoard 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
Phillip Abernathy
Title
Treasurer
Phone
6056735800
Signed
2023-05-23
Discuss with paid preparer
Yes

Preparer

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

Additional Explanations

Form 990-ez, Part I, Line 10

Cash contribution: 15,227

Form 990-ez, Part I, Line 16

Expenses office 896 conferences/meetings 105 insurance 1,100 courses & programs 1,993 community garden 6,003 miscellaneous 2,079 total 12,176

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
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EXPENSES OFFICE 896 CONFERENCES/MEETINGS 105 INSURANCE 1,100 COURSES & PROGRAMS 1,993 COMMUNITY GARDEN 6,003 MISCELLANEOUS 2,079 TOTAL 12,176
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