Mission
TO ASSIST AND FURTHER THE ECONOMIC DEVELOPMENT OF SALEM, SD AND ITS ENVIRONS, AND TO PROMOTE AND ASSIST IN THE GROWTH AND DEVELOPMENT OF SMALL BUSIENSSES IN THE AREA.
Public Charity
SALEM ECONOMIC DEVELOPMENT CORPORATION
SALEM ECONOMIC DEVELOPMENT CORPORATION, of SALEM, SD, is a Public Charity tracked in Imperigo's IRS 990 database. The 2025 filing shows $358K in revenue, $14K in expenses, $1.5M in total assets.
EIN: 372045526
SALEM, SD
Rural Economic Development
NTEE: S32
Latest filing: 2025
Total Revenue$358K
Total Expenses$14K
Total Assets$1.5M
Grant Records0
Filing Years2022–2025
Where $100 goes at Salem Economic Development Corporation
How Salem Economic Development Corporation divides every $100 it spends, from its own Form 990 filings, averaged across 4 years.
$95
Programs
the work itself
$5
Management
running the organization
$0
Fundraising
none reported
No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.
Inside the $95 for programs
$95
To promote growth and business development is Salem, sd and the surrounding area
Source: Form 990 filings with the IRS, latest fiscal year 2025. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.
Officers & Directors
DIRECTOR
Brad Kranz
DIRECTOR
Carla Snyders
DIRECTOR
Debra Cheeseman
PRESIDENT
Jeremy Grady
DIRECTOR
Keith Paulson
TREASURER/SE
Logan Roth
Officer compensation and complete director data available with membership.
Financial Trends
| Year | Revenue | Expenses | Assets |
|---|---|---|---|
| 2025 | $358K | $14K | $1.5M |
| 2024 | $272K | $239K | $837K |
| 2023 | $145K | $139K | $811K |
| 2022 | $285K | $1K | $799K |
Between 2022 and 2025, reported annual revenue grew from $285K to $358K (+26%), with total assets most recently reported at $1.5M.
Interactive year-over-year charts and full filing details available with membership.