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TO PROMOTE AND DEVELOP ECONOMIC GROWTH FOR THE CITY OF VERMILLION, SD.
Source: IRS Form 990 (Tax Year 2024)
Source: IRS e-Filed Form 990 (from the IRS e-File system), Tax Year 2024
Total Revenue
▼$3M
Program Spending
37%
of total expenses go to program services
Total Contributions
$1.2M
Total Expenses
▼$2.1M
Total Assets
$16.6M
Total Liabilities
▼$14.3M
Net Assets
$2.3M
Officer Compensation
→N/A
Other Salaries
$366.6K
Investment Income
$144.5K
Fundraising
▼$68K
Source: USAspending.gov
No federal awards found for this organization.
USAspending.gov tracks federal grants, cooperative agreements, and other financial assistance. Not all nonprofits receive federal funding.
Source: Federal Audit Clearinghouse (fac.gov)
Total Audits
1
Clean Audits
0
Material Weakness
No
Noncompliance Issues
No
| Year | Status | Financial Report | Federal Expenditure | Low Risk | Accepted |
|---|---|---|---|---|---|
| 2018 | Minor Findings | Unmodified (Clean) | $1.6M | No | 2019-09-29 |
Financial Report
Unmodified (Clean)
Federal Expenditure
$1.6M
Tax Year 2024 · Source: IRS e-Filed Form 990
Individuals serving as officers, directors, or trustees of the organization.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other |
|---|
Source: IRS Publication 78, Auto-Revocation List & e-Postcard Data
Tax-deductible contributions: Not confirmed
No additional tax-exempt status records found in ReconForce's database.
Sources: IRS e-Filed Form 990 (XML) & ProPublica Nonprofit Explorer
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| Year | Revenue | Contributions | Expenses | Assets | Net Assets |
|---|---|---|---|---|---|
| 2024IRS e-File | $3M | $1.2M | $2.1M | $16.6M | $2.3M |
| 2023 | $1.5M | $597.2K | $1.4M | $14.8M | $1.5M |
| 2022 | $1.5M | $596.7K | $1.6M | $14.7M | $1.4M |
| 2021 | $1.3M | $796.5K | $1.7M |
Sources: ProPublica Nonprofit Explorer & IRS e-File Index
| Tax Year | Form Type | Source | Documents |
|---|---|---|---|
| 2024 | 990 | IRS e-File | PDF not yet published by IRSView Filing → |
| 2023 | 990 | DataIRS e-File | |
| 2022 | 990 | DataIRS e-File |
Financial data: IRS e-Filed Form 990 (Tax Year 2024)
Leadership & compensation: IRS e-Filed Form 990, Part VII (Tax Year 2024)
Organization info: IRS Business Master File
| Total |
|---|
| Joe Hoose | Chair | 2 | $0 | $0 | $0 | $0 |
| Andy Schulz | Vice Chair | 2 | $0 | $0 | $0 | $0 |
| Dustin Sockness | Treasurer | 2 | $0 | $0 | $0 | $0 |
| Katey Ulrich | Secretary | 2 | $0 | $0 | $0 | $0 |
| James Peterson | CEO | 40 | $0 | $0 | $0 | $0 |
Joe Hoose
Chair
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Andy Schulz
Vice Chair
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Dustin Sockness
Treasurer
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Katey Ulrich
Secretary
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
James Peterson
CEO
$0
Hrs/Wk
40
Compensation
$0
Related Orgs
$0
Other
$0
Members of the governing board. Board members often serve without compensation.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other | Total |
|---|---|---|---|---|---|---|
| Bekki Engquist-Schroeder | Director | 1 | $0 | $0 | $0 | $0 |
| Damon Alvey | Director | 1 | $0 | $0 | $0 | $0 |
| Gregg Peters | Director | 1 | $0 | $0 | $0 | $0 |
| Jessi Hanson | Director | 1 | $0 | $0 | $0 | $0 |
| Jim Waters | Director | 1 | $0 | $0 | $0 | $0 |
| John Prescott | Director |
Bekki Engquist-Schroeder
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Damon Alvey
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Gregg Peters
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
| $13.3M |
| $1.4M |
| 2020 | $1.7M | $1.3M | $1.5M | $12.3M | $2M |
| 2019 | $998K | $652K | $1.6M | $11.4M | $659.1K |
| 2018 | $871.2K | $697.3K | $1.2M | $9.5M | $1.5M |
| 2017 | $1.2M | $647.3K | $1.6M | $8.4M | $1.9M |
| 2016 | $711.5K | $595.4K | $1.6M | $8.7M | $2.5M |
| 2015 | $1M | $616.6K | $789.4K | $8.6M | $2.8M |
| 2014 | $893K | $604.7K | $1M | $8.4M | $2.6M |
| 2013 | $381.8K | $327.8K | $829.2K | $5.7M | $2.7M |
| 2012 | $404.4K | $368.8K | $565.4K | $3.2M | $3.2M |
| 2011 | $2M | $1.9M | $556.1K | $3.4M | $3.4M |
| 2021 | 990 | Data |
| 2020 | 990 | Data | PDF not yet published by IRS |
| 2019 | 990 | Data |
| 2018 | 990 | Data |
| 2017 | 990 | Data |
| 2016 | 990 | Data |
| 2015 | 990 | Data |
| 2014 | 990 | Data |
| 2013 | 990 | Data |
| 2012 | 990 | Data |
| 2011 | 990 | Data |
| 2010 | 990 | — |
| 2009 | 990 | — |
| 2008 | 990 | — |
| 2007 | 990 | — |
| 2006 | 990 | — |
| 2005 | 990 | — |
| 2004 | 990 | — |
| 1 |
| $0 |
| $0 |
| $0 |
| $0 |
| Jon Cole | Director | 1 | $0 | $0 | $0 | $0 |
| Matt Burbach | Director | 1 | $0 | $0 | $0 | $0 |
| Travis Mockler | Director | — | $0 | $0 | $0 | $0 |
| Veronica Schmidt | Director | 1 | $0 | $0 | $0 | $0 |
Jessi Hanson
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Jim Waters
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
John Prescott
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Jon Cole
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Matt Burbach
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Travis Mockler
Director
$0
Hrs/Wk
—
Compensation
$0
Related Orgs
$0
Other
$0
Veronica Schmidt
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0