Public Charity

VERMILLION AREA CHAMBER OF COMMERCE AND DEVELOPMENT COMPANY

VERMILLION AREA CHAMBER OF COMMERCE AND DEVELOPMENT COMPANY is a Public Charity headquartered in VERMILLION, SD. Financial data from the 2024 filing: $3.0M revenue, $2.1M expenses, $16.6M total assets. 11 publicly reported grants to this organization, totaling roughly $370K, appear in IRS filings.

EIN: 460284795 VERMILLION, SD Latest filing: 2024
Total Revenue$3.0M
Total Expenses$2.1M
Total Assets$16.6M
Grant Records11
Funding Total$370K
Filing Years2019–2024

Mission

TO PROMOTE AND DEVELOP ECONOMIC GROWTH FOR THE CITY OF VERMILLION, SD.

Officers & Directors

VICE CHAIR Andy Schulz
DIRECTOR Bekki Engquist-Schroeder
DIRECTOR Damon Alvey
TREASURER Dustin Sockness
DIRECTOR Gregg Peters
CEO James Peterson

Officer compensation and complete director data available with membership.

Top Grant Purposes

PROGRAM SUPPORT
$302,065 7 grants
ECONOMIC DEVELOPMENT
$37,500 2 grants
Vermillion Chamber NOW! Fundraising event $15k
$15,000 1 grant
Vermillion NOW economic development campaign
$15,000 1 grant

Financial Trends

Year Revenue Expenses Assets
2024 $3.0M $2.1M $16.6M
2023 $1.5M $1.4M $14.8M
2022 $1.5M $1.6M $14.7M
2020 $1.7M $1.5M $12.3M
2019 $998K $1.6M $11.4M

Between 2019 and 2024, reported annual revenue grew from $998K to $3.0M (+198%), with total assets most recently reported at $16.6M.

Interactive year-over-year charts and full filing details available with membership.

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