Colman Economic Development Corporation

DBA: N/A

EIN: 56-2539591

IRS ActiveColman, SD

Due Diligence Summary

EIN 56-2539591 · Snapshot of IRS recognition, filing currency, financial health, and governance.

IRS Status

Active

Recognised tax-exempt

Pub 78

Not in BMF

Not in current IRS BMF snapshot.

Latest Filing

Form 990EZ · FY2024

Period end Dec 31, 2024

Revenue (latest FY)

$109K

Expenses $130K

Operating Reserves

33 months

Strong reserves position.

Governance Flags

No flags detected

Common Form 990 governance flags are clear.

Sector

Uncategorized

This organization recently began filing Form 990 and isn't in the IRS monthly Exempt Organizations file yet. It should appear in an upcoming BMF release. Verify Now may return Not Found until then.

AI Organization Overview

Mission Statement

Enhance Economic well-being of the area.

Organization Details

Tax Period: FY2024

Contact

PO Box 54 112 N Main Avenue
Colman, SD 57017

(605) 534-3611

Principal Officer

Billy Stitz

Financial Snapshot

Total Revenue

$109K

FY2024

Total Expenses

$130K

FY2024

Net Assets

$358K

Program Ratio

5.9%

expenses on programs

Employees

—

Volunteers

—

Location

Governance

Conflict of Interest Policy

Whistleblower Policy

Document Retention Policy

Financial Statements Audited

Board Members

—

Voting

—

Independent

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