PIERRE ECONOMIC DEVELOPMENT CORPORATION
PO BOX 548, PIERRE, SD 57501 www.pedco.biz

Total Revenue
$453,590
Total Expenses
$264,435
Net Assets
$1,068,322

Organizations Filed Purposes: TO STIMULATE, DIVERSIFY, AND EXCALATE THE ECONOMY OF THE GREATER PIERRE AREA. THIS IS DONE BY EXPANSION OF PRESENT FACILITIES OR PROMOTING NEW FACILITIES IN ORDER TO ATTRACT NEW BUSINESSES AND CONVENTIONS TO THE AREA. IN THE CURRENT YEAR THERE WERE 156 MEMBERS.

THE SIGNIFICANT ACTIVITIES THAT THE ORGANIZATION IS INVOLVED IN ARE TO HAVE DEVELOPED LOTS FOR RENT FOR THE PURPOSE OF BRINGING NEW BUSINESSES TO THE AREA AND TO ASSIST BUSINESSES IN OBTAINING LOANS TO BEGIN OR CONTINUE OPERATIONS.

PIERRE ECONOMIC DEVELOPMENT CORPORATION IS PAID THROUGH RENTAL AGREEMENTS IN ORDER TO FULFILL ITS MISSION FOR THE PROMOTION OF THE PIERRE COMMUNITY BY EXPANSION OF PRESENT FACILITIES OR PROMOTING NEW FACILITIES IN ORDER TO ATTRACT NEW BUSINESSES AND CONVENTIONS TO THE AREA. THIS INVOLVES THE BUILDING OF NEW FACILITIES IN THE AREA TO ACCOMODATE THE NEW OR EXPANDING BUSINESSES THAT NEED A PLACE TO OPERATE. PIERRE ECONOMIC DEVELOPMENT CORPORATION USES THE RENTAL INCOME TO PAY OFF THE DEBT THAT WAS INCURRED TO BUILD NEW FACILITIES AS WELL AS USING THE FUNDS TO CONTINUE TO EXPAND AND IMPROVE OLD BUSINESSES AND PROMOTE TO ATTRACT NEW BUSINESSES TO PIERRE.

Executives Listed on Filing

Total Salary includes financial earnings, benefits, and all related organization earnings listed on tax filing

NameTitleHours Per WeekTotal Salary
Jim ProtexterCHIEF OPERATING OFFICER40$93,817
Kim OlsonLIAISON1$0
Dawn MorrisSecretary1$0
Norm WeaverLIAISON1$0
Kristi HoneywellLIAISON1$0
Bryan BeckLIAISON1$0
Tiffany SandersonDirector1$0
Ron WagnerChair-Elect1$0
Mark AndersonChairman1$0
Gordon WoodsTrustee1$0
Jamie HuizengaLiaison1$0
Trace BeckTrustee1$0
Larry DeiterDirector1$0
Andy HubbartDirector1$0
Kim EaslandTreasurer1$0
Rick DockterDirector1$0
Karl RichardsDirector1$0
Doug AbrahamTrustee1$0

Data for this page was sourced from XML published by IRS (public 990 form dataset) from: https://s3.amazonaws.com/irs-form-990/201922189349301127_public.xml