Itc Rural Economic Development Inc

Clear Lake, SD
Tax-exempt since July 2002
EIN: 75-3002561

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Type of Nonprofit

Designated as a 501(c)(3) Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Community Improvement, Capacity Building / Rural Development (NTEE)

Donations to this organization are tax deductible.

Revenue

$38.7k (2024)

Expenses

$12.1k (2024)

Total Assets

$1.27M (2024)

Total Liabilities

$161k (2024)

Source: Form 990 tax filings from 2011 to 2024

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2024

Revenue

$38,691

Expenses

$12,081

Net Income

$26,610

Net Assets

$1,111,220

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$18,762	48.5%
Investment Income	$19,929	51.5%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$1,272,615
Total Liabilities	$161,395
Net Assets	$1,111,220

Compensation

Key Employees and Officers	Compensation	Related	Other
Susan Robbins (President)	$0	$0	$0
G Todd Garry (Vice President)	$0	$0	$0
Warren Brandlee (Secretary)	$0	$0	$0
Joel Brandt (Treasurer)	$0	$0	$0
Connie Sawinsky (Director)	$0	$0	$0

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990

Filed on July 8, 2025

Primary tax return for a nonprofit’s activities, finances, and governance

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Fiscal Year Ending Dec.
2023

Revenue

$35,972

Expenses

$10,673

Net Income

$25,299

Net Assets

$1,084,610

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$16,694	46.4%
Investment Income	$19,278	53.6%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$1,276,105
Total Liabilities	$191,495
Net Assets	$1,084,610

Compensation

Key Employees and Officers	Compensation	Related	Other
Susan Robbins (President)	$0	$0	$0
G Todd Garry (Vice President)	$0	$0	$0
Warren Brandlee (Secretary)	$0	$0	$0
Joel Brandt (Treasurer)	$0	$0	$0
Connie Sawinsky (Director)	$0	$0	$0

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990

Filed on July 31, 2024

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Fiscal Year Ending Dec.
2022

Revenue

$113,014

Expenses

$13,021

Net Income

$99,993

Net Assets

$1,059,311

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$43,211	38.2%
Program Services	$65,071	57.6%
Investment Income	$4,732	4.2%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$1,281,995
Total Liabilities	$222,684
Net Assets	$1,059,311

Compensation

Key Employees and Officers	Compensation	Related	Other
Susan Robbins Joined 102022 (President)	$0	$0	$0
Tom Main Left 102022 (President)	$0	$0	$0
G Todd Garry Joined 102022 (Vice President)	$0	$0	$0
Warren Brandlee (Secretary)	$0	$0	$0
Joel Ripley Left 102022 (Secretary)	$0	$0	$0
Joel Brandt (Treasurer)	$0	$0	$0
Connie Sawinsky (Director)	$0	$0	$0

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990

Filed on Aug. 11, 2023

Primary tax return for a nonprofit’s activities, finances, and governance

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Fiscal Year Ending Dec.
2021

Revenue

$21,697

Expenses

$10,737

Net Income

$10,960

Net Assets

$959,318

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$20,863	96.2%
Investment Income	$834	3.8%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$1,210,122
Total Liabilities	$250,804
Net Assets	$959,318

Compensation

Key Employees and Officers	Compensation	Related	Other
Tom Main (President)	$0	$0	$0
Connie Sawinsky (Vice President)	$0	$0	$0
Joel Ripley (Secretary)	$0	$0	$0
Joel Brandt (Treasurer)	$0	$0	$0
Warren Brandlee (Director)	$0	$0	$0

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990

Filed on Aug. 17, 2022

Primary tax return for a nonprofit’s activities, finances, and governance

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Fiscal Year Ending Dec.
2020

Revenue

$29,831

Expenses

$65,454

Net Income

-$35,623

Net Assets

$948,358

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$27,810	93.2%
Investment Income	$2,021	6.8%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$1,228,377
Total Liabilities	$280,019
Net Assets	$948,358

Compensation

Key Employees and Officers	Compensation	Related	Other
Tom Main (President)	$0	$0	$0
Connie Sawinsky (Dir. (Jan Oct); Vp (Oct Dec))	$0	$0	$0
Cliff Ruesink (Secretary (Jan Oct); Left 10/2020)	$0	$0	$0
Joel Ripley (Treas. (Jan Oct); Sec. (Oct Dec))	$0	$0	$0
Joel Brandt (Treasurer (Oct Dec))	$0	$0	$0
Warren Brandlee (Vp (Jan Oct); Director)	$0	$0	$0

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990

Filed on Sept. 30, 2021

Primary tax return for a nonprofit’s activities, finances, and governance

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Fiscal Year Ending Dec.
2019

Revenue

$36,138

Expenses

$73,829

Net Income

-$37,691

Net Assets

$983,981

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$28,627	79.2%
Investment Income	$7,511	20.8%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$1,292,926
Total Liabilities	$308,945
Net Assets	$983,981

Compensation

Key Employees and Officers	Compensation	Related	Other
Warren Brandlee (Pres Until 10/19; Vp Beg. 10/19)	$0	$0	$0
Tom Main (Vp Until 10/19; Pres Beg. 10/19)	$0	$0	$0
Cliff Ruesink (Secretary)	$0	$0	$0
Connie Sawinsky (Treas Until 10/19; Dir. Beg. 10/19)	$0	$0	$0
Joel Ripley (Dir. Until 10/19; Treas Beg 10/19)	$0	$0	$0

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990

Filed on Aug. 18, 2020

Primary tax return for a nonprofit’s activities, finances, and governance

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Fiscal Year Ending Dec.
2018

Revenue

$53,545

Expenses

$10,398

Net Income

$43,147

Net Assets

$1,021,672

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$9,753	18.2%
Program Services	$40,970	76.5%
Investment Income	$2,822	5.3%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$1,359,080
Total Liabilities	$337,408
Net Assets	$1,021,672

Compensation

Key Employees and Officers	Compensation	Related	Other
Warren Brandlee (President)	$0	$0	$0
Tom Main (Vice President)	$0	$0	$0
Cliff Ruesink (Secretary)	$0	$0	$0
Merlyn Wookey Until Oct 2018 (Treasurer)	$0	$0	$0
Connie Sawinsky Beg Nov 2018 (Treasurer)	$0	$0	$0
Joel Ripley (Director)	$0	$0	$0

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990

Filed on July 29, 2019

Primary tax return for a nonprofit’s activities, finances, and governance

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Fiscal Year Ending Dec.
2017

Revenue

$44,632

Expenses

$11,166

Net Income

$33,466

Net Assets

$978,525

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$44,223	99.1%
Investment Income	$409	0.9%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$1,344,465
Total Liabilities	$365,940
Net Assets	$978,525

Compensation

Key Employees and Officers	Compensation	Related	Other
Warren Brandlee (President)	$0	$0	$0
Tom Main (Vice President)	$0	$0	$0
Cliff Ruesink (Secretary)	$0	$0	$0
Merlyn Wookey (Treasurer)	$0	$0	$0
Joel Ripley (Director)	$0	$0	$0

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990

Filed on June 26, 2018

Primary tax return for a nonprofit’s activities, finances, and governance

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Fiscal Year Ending Dec.
2016

Revenue

$40,708

Expenses

$13,784

Net Income

$26,924

Net Assets

$945,059

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$40,025	98.3%
Investment Income	$683	1.7%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$1,339,073
Total Liabilities	$394,014
Net Assets	$945,059

Compensation

Key Employees and Officers	Compensation	Related	Other
Warren Brandlee (President)	$0	$0	$0
Tom Main (Vice President)	$0	$0	$0
Cliff Ruesink (Secretary)	$0	$0	$0
Merlyn Wookey (Treasurer)	$0	$0	$0
Luverne Crosser Left 102016 (Director)	$0	$0	$0
Joel Ripley Joined 102016 (Director)	$0	$0	$0

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990

Filed on June 27, 2017

Primary tax return for a nonprofit’s activities, finances, and governance

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Fiscal Year Ending Dec.
2015

Revenue

$22,137

Expenses

$11,164

Net Income

$10,973

Net Assets

$918,135

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$21,187	95.7%
Investment Income	$950	4.3%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$1,339,946
Total Liabilities	$421,811
Net Assets	$918,135

Compensation

Key Employees and Officers	Compensation	Related	Other
Warren Brandlee (President)	$0	$0	$0
Tom Main (Vice President)	$0	$0	$0
Cliff Ruesink (Secretary)	$0	$0	$0
Merlyn Wookey (Treasurer)	$0	$0	$0
Luverne Crosser (Director)	$0	$0	$0

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990

Filed on Aug. 5, 2016

Primary tax return for a nonprofit’s activities, finances, and governance

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Fiscal Year Ending Dec.
2014

Revenue

$49,072

Expenses

$11,866

Net Income

$37,206

Net Assets

$907,162

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$30,383	61.9%
Program Services	$17,637	35.9%
Investment Income	$1,052	2.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$1,356,495
Total Liabilities	$449,333
Net Assets	$907,162

Compensation

Key Employees and Officers	Compensation	Related	Other
Warren Brandlee (President)	$0	$0	$0
Tom Main (Vice President)	$0	$0	$0
Cliff Ruesink (Secretary)	$0	$0	$0
Merlyn Wookey (Treasurer)	$0	$0	$0
Luverne Crosser (Director)	$0	$0	$0

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990

Filed on Aug. 3, 2015

Primary tax return for a nonprofit’s activities, finances, and governance

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Fiscal Year Ending Dec.
2013

Revenue

$20,835

Expenses

$11,606

Net Income

$9,229

Net Assets

$869,956

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$19,795	95.0%
Investment Income	$1,040	5.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$1,346,539
Total Liabilities	$476,583
Net Assets	$869,956

Compensation

Key Employees and Officers	Compensation	Related	Other
Dale Overby (President)	$0	$0	$0
Joel Brandt (Vice President)	$0	$0	$0
Roger Squires (Secretary)	$0	$0	$0
Merlyn Wookey (Treasurer (Until Oct 2013))	$0	$0	$0
Tom Main (Treasurer)	$0	$0	$0
Luverne Crosser (Director)	$0	$0	$0

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990

Filed on Aug. 5, 2014

Primary tax return for a nonprofit’s activities, finances, and governance

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Fiscal Year Ending Dec.
2012

Revenue

$27,653

Expenses

$12,226

Net Income

$15,427

Net Assets

$860,727

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$26,701	96.6%
Investment Income	$952	3.4%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$1,364,289
Total Liabilities	$503,562
Net Assets	$860,727

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Revenue

$38,168

Expenses

$12,323

Net Income

$25,845

Net Assets

$845,300

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$3,299	8.6%
Program Services	$33,716	88.3%
Investment Income	$1,153	3.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$1,375,574
Total Liabilities	$530,274
Net Assets	$845,300

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

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Itc Rural Economic Development Inc

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $38.7k (2024)

Expenses $12.1k (2024)

Total Assets $1.27M (2024)

Total Liabilities $161k (2024)

Tax Filings by Year

Fiscal Year Ending Dec. 2024

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2023

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

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990

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

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990

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

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990

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

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990

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

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990

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

Revenue

$38.7k (2024)

Expenses

$12.1k (2024)

Total Assets

$1.27M (2024)

Total Liabilities

$161k (2024)

Fiscal Year Ending Dec.
2024

Fiscal Year Ending Dec.
2023

Fiscal Year Ending Dec.
2022

Fiscal Year Ending Dec.
2021

Fiscal Year Ending Dec.
2020

Fiscal Year Ending Dec.
2019

Fiscal Year Ending Dec.
2018

Fiscal Year Ending Dec.
2017

Fiscal Year Ending Dec.
2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
2014

Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2011

Fiscal Year Ending Dec.
2010

Fiscal Year Ending Dec.
2009

Fiscal Year Ending Dec.
2008

Fiscal Year Ending Dec.
2007

Fiscal Year Ending Dec.
2006

Fiscal Year Ending Dec.
2005

Fiscal Year Ending Dec.
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Fiscal Year Ending Dec.
2003

Fiscal Year Ending Dec.
2002