SALEM ECONOMIC DEVELOPMENT CORPORATION
SALEM,
South Dakota,
57058
EIN: 37-2045526
Community Improvement, Capacity Building
DEMOGRAPHIC
ADDRESS
400 N MAIN ST
57058
COUNTY
mccook county, SD
ORGANIZATIONAL OVERVIEW & RANKINGS
SALEM ECONOMIC DEVELOPMENT CORPORATION is a based in SALEM, SD, focused on Community Improvement, Capacity Building causes , specifically Rural Development. Established in November 2022, it operates as an independent corporation and contributions to this organization are tax-deductible .
With total assets of $811,160.00, this ranks 237,202 among 2,656,690 nonprofits nationally (Top 9%), demonstrating substantial financial capacity relative to its peers. At the state level, it stands at 903 out of 10,289 organizations in SD (Top 9%).
In mccook county, SD, the organization ranks 1 out of 60 nonprofits by assets (Top 1%), while locally in salem, it stands at 1 among 25 organizations (Top 1%).
The organization reported annual revenue of $145,123.00, ranking 335,671 nationally (Top 13%) and 1,358 in SD (Top 14%).
Within its specific NTEE classification (S32 - S: Community Improvement, Capacity Building), which includes 712 similar organizations, SALEM ECONOMIC DEVELOPMENT CORPORATION ranks 65 in assets (Top 9%) and 128 in revenue (Top 17%).
The organization files a 990 (all other) or 990EZ return and operates on a November fiscal year.
CLASSIFICATION
ORGANIZATION CODE
1: Corporation
DEDUCTIBILITY CODE
1: Contributions are deductible
AFFILIATION CODE
3: Independent
SUBSECTION/CLASSIFICATION CODES
ACTIVITY CODES
N/A
NTEE COMMON CODE
S: Community Improvement, Capacity Building
NTEE CODE
S32: Rural Development
FOUNDATION CODE
15: Organization which receives a substantial part of its support from a governmental unit or the general public 170(b)(1)(A)(vi)
EXEMPT ORGANIZATION STATUS CODE
N/A
FINANCIALS
TAX PERIOD
12/2023
ACCOUNTING PERIOD
12
INCOME CODE
4: $100,000 to $499,999
INCOME AMOUNT
$145,123.00
FORM 990 REVENUE AMOUNT
$145,123.00
RULING DATE
11/2022
ASSET CODE
5: $500,000 to $999,999
ASSET AMOUNT
$811,160.00
FILING REQUIREMENT CODE
990 (all other) or 990EZ return
PF FILING REQUIREMENT CODE
No 990-PF return
Disclaimer: While we are confident of the accuracy of the information on this page, we encourage you verify the information directly with IRS. The IRS has a toll-free number for this at 1-877-829-5500 or visit www.irs.gov.
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