Mission
TO PROVIDE FINANCING AND LEVERAGE INVESTMENTS IN COMMUNITIES IN RURAL AREAS TO MAKE A DIFFERENCE IN THE REGION.
Public Charity
RURAL ELECTRIC ECONOMIC DEVELOPMENT INC
RURAL ELECTRIC ECONOMIC DEVELOPMENT INC, of MADISON, SD, is a Public Charity tracked in Imperigo's IRS 990 database. The 2025 filing shows $2.3M in revenue, $919K in expenses, $54.6M in total assets. 2 publicly reported grants to this organization, totaling roughly $4.1M, appear in IRS filings.
EIN: 460445496
MADISON, SD
Rural Economic Development
NTEE: S32
Latest filing: 2025
Total Revenue$2.3M
Total Expenses$919K
Total Assets$54.6M
Grant Records2
Funding Total$4.1M
Filing Years2020–2025
Where $100 goes at Rural Electric Economic Development Inc
How Rural Electric Economic Development Inc divides every $100 it spends, from its own Form 990 filings, averaged across 8 years.
$77
Programs
the work itself
$23
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 $77 for programs
$77
Rural Electric Economic Development (reed) provides gap financing (loans) to community, business and value-added agriculture projects to support start-up and expansion, lead to job creation and retention, and…
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.
Sample Grants Received
General support for programs, operations and other charitable purposes
$4,000,000
CF RELENDING
$75,000
Showing up to 5 of 2 total records — full history available with membership.
Officers & Directors
DIRECTOR
Chad Felderman
DIRECTOR
Chad Kinsley
DIRECTOR
Char Hager
DIRECTOR
Chris Larson
TREASURER
Chris Studer
DIRECTOR
Dave Eidie
Officer compensation and complete director data available with membership.
Top Grant Purposes
Financial Trends
| Year | Revenue | Expenses | Assets |
|---|---|---|---|
| 2025 | $2.3M | $919K | $54.6M |
| 2024 | $6.3M | $900K | $54.4M |
| 2023 | $2.3M | $867K | $48.9M |
| 2022 | $2.4M | $832K | $46.7M |
| 2020 | $3.8M | $1.3M | $43.6M |
Between 2020 and 2025, reported annual revenue declined from $3.8M to $2.3M (-39%), with total assets most recently reported at $54.6M.
Interactive year-over-year charts and full filing details available with membership.