2019-09-03T16:43:04-05:00 2018-12-31 460343693 SNOW HUETHER & COYLE 1620 DAKOTA AVE S PO BOX 837 HURON SD 573500837 990 2018-01-01 460438143 BEADLE & SPINK ENTERPRISE COMMUNITY BEAD 6056356165 PO BOX 45 DOLAND SD 574360405 BRIAN HULL PRESIDENT 6056356165 2019-08-31 true JASON F RUBISH P00056710 6053528719 2019-09-03 167.68.16.49 2019-09-03 16:43:04 CD P 96200C9BDA4B4AA75EBE49A09F5D941F617E0ECE B2BB5585633D9CEC42876CC1229D0C6C419A2363 2018 2019-02-21 02:37:17Z BRIAN HULL PO BOX 139 TULARE SD 57476 468033 false X WWW.BASEC.ORG X 1995 SD RURAL ECONOMIC & COMMUNITY DEVELOPMENT - BASEC WAS FORMED TO ACCEPT PUBLIC AND PRIVATE FUNDS TO RAISE THE ECONOMIC WELFARE, EDUCATIONAL LEVELS, AND SOCIAL LEVELS OF RESIDENTS IN THE BASEC AREA. THE PRIMARY OPERATION IS TO UTILIZE A BROAD RANGE OF PROGRAMS AND INITIATIVES TO PROMOTE REVITALIZATION OF THE AREA UNDER THE PROGRAM AREAS OF BUSINESS DEVELOPMENT, FARM INCOME DEVELOPMENT, HOUSING DEVELOPMENT, AND HOUSING PRESERVATION. BASEC MAINTAINS A REVOLVING LOAN FUND FUNDED THROUGH GRANT AND LOAN PROGRAMS. 8 8 3 0 20616 68976 294087 318818 56 -4786 -764 5714 313995 388722 0 0 158042 160508 0 0 234220 205664 392262 366172 -78267 22550 6363073 6453966 1477589 1545932 4885484 4908034 X RURAL ECONOMIC & COMMUNITY DEVELOPMENT - BASEC WAS FORMED TO ACCEPT PUBLIC AND PRIVATE FUNDS TO RAISE THE ECONOMIC WELFARE, EDUCATIONAL LEVELS, AND SOCIAL LEVELS OF RESIDENTS IN THE BASEC AREA. THE PRIMARY OPERATION IS TO UTILIZE A BROAD RANGE OF PROGRAMS AND INITIATIVES TO PROMOTE REVITALIZATION OF THE AREA UNDER THE PROGRAM AREAS OF BUSINESS DEVELOPMENT, FARM INCOME DEVELOPMENT, HOUSING DEVELOPMENT, AND HOUSING PRESERVATION. BASEC MAINTAINS A REVOLVING LOAN FUND FUNDED THROUGH GRANT AND LOAN PROGRAMS. false false 288755 318817 RURAL AND ECONOMIC DEVELOPMENT 288755 true true false false false false false false false false true false false false true false false false false false false false false false false false false false false false false false false true false false false false false false false false false false false false false true 108 0 true 3 true false false false false false false false false false false false false false false X 8 8 false false false false false false false true true false false false true true true true true true false false X AMY HOFER 6056356165 PO BOX 405 DOLAND SD 57436 CHAD DUBRO DIRECTOR 1.00 X 0 0 0 JOHN TSCHETTER DIRECTOR 1.00 X 0 0 0 DANE LAMBERT DIRECTOR 1.00 X 0 0 0 TOM MARTIN DIRECTOR 1.00 X 0 0 0 LEANNE BAWEK DIRECTOR 1.00 X 0 0 0 MARGOT GILLETTE EXECUTIVE DI 40.00 X 72280 0 14943 BRIAN HULL PRESIDENT 1.00 X 0 0 0 KIRBY PAGE VICE PRESIDE 1.00 X 0 0 0 GARY DECKERT SECRETARY/TR 1.00 X 0 0 0 72280 14943 false false false 68976 68976 INTEREST FROM LOAN 298183 298183 MISCELLANEOUS INCOME 10687 10687 MANAGEMENT FEE 9948 9948 318818 -30 -37 7 8150 2436 5714 5714 5714 72115 4 76875 -4760 4 -4756 -4760 4 388722 319735 11 X 72280 52042 20238 47710 34351 13359 3593 2587 1006 29339 21124 8215 7586 5462 2124 62 45 17 9319 6710 2609 6224 4481 1743 5943 4279 1664 4493 3235 1258 4672 3364 1308 8148 5867 2281 5724 5724 5993 5993 GRANTS 68534 68534 DAKOTA RESOURCES INTEREST 27750 27750 OTHER REAL ESTATE 9321 9321 REED INTEREST EXPENSE 8614 8614 40867 34586 6281 366172 288755 77417 0 409954 316207 361914 28622 20464 5637799 5525808 2194 2178 147517 56408 98740 91109 30764 26488 155000 109798 6363073 6453966 27570 32029 1450019 1474063 39840 1477589 1545932 X 4432153 4462181 453331 445853 4885484 4908034 6363073 6453966 22550 X true X false true false X 387827 20616 68976 477419 387827 20616 68976 477419 477419 477419 622768 1.00000 1.00000 X 680 680 52404 2620 49784 38893 15857 23036 55540 37931 17609 91109 CASH BAL. HELD ON BEHALF OF OTHERS 39840 39840 JOHN TSCHETTER - HOME MORTGAGE DIRECTOR HOME MORTGAGE X 47000 20464 false true true 20464 FORM 990 - ORGANIZATION'S MISSION RURAL ECONOMIC & COMMUNITY DEVELOPMENT - BASEC WAS FORMED TO ACCEPT PUBLIC AND PRIVATE FUNDS TO RAISE THE ECONOMIC WELFARE, EDUCATIONAL LEVELS, AND SOCIAL LEVELS OF RESIDENTS IN THE BASEC AREA. THE PRIMARY OPERATION IS TO UTILIZE A BROAD RANGE OF PROGRAMS AND INITIATIVES TO PROMOTE REVITALIZATION OF THE AREA UNDER THE PROGRAM AREAS OF BUSINESS DEVELOPMENT, FARM INCOME DEVELOPMENT, HOUSING DEVELOPMENT, AND HOUSING PRESERVATION. BASEC MAINTAINS A REVOLVING LOAN FUND FUNDED THROUGH GRANT AND LOAN PROGRAMS. FORM 990, PAGE 6, PART VI, LINE 11B THE PRESIDENT OF THE BOARD OF DIRECTORS REVIEWS FORM 990 BEFORE IT IS SIGNED AND FILED. FORM 990, PAGE 6, PART VI, LINE 12C ALL BOARD MEMBERS AND EMPLOYEES ARE REQUIRED TO REPORT ANY CONFLICTS OF IN TEREST IF THEY WERE TO OCCUR. THE EXECUTIVE DIRECTOR AND BOARD MEMBERS KEE P TABS ON ANY POSSIBLE AREAS WHERE CONFLICTS OF INTEREST COULD ARISE. FORM 990, PAGE 6, PART VI, LINE 15A A COMMITTEE OF THE BOARD OF DIRECTORS REVIEW THE COMPENSATION FOR EXECUTIV E DIRECTOR AND PROVIDE A RECOMMENDATION, BASED UPON THE SOUTH DAKOTA DEPAR TMENT OF LABOR WAGE COMPARABILITY STUDY, TO THE BOARD OF DIRECTORS FOR APP ROVAL. FORM 990, PAGE 6, PART VI, LINE 19 OUR GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEME NTS ARE AVAILABLE FOR INSPECTION BY THE GENERAL PUBLIC UPON REQUEST IN OUR OFFICE. FORM 990, PART IX, LINE 24E FEES 4,967 1,931 0 CHANGE PROV FOR LOAN LOSS 6,518 0 0 COMMUNITY DEVELOPMENT 5,750 0 0 TELEPHONE 3,280 1,276 0 USDA INTEREST EXPENSE 4,266 0 0 EQUIPMENT 2,620 1,019 0 CONSULTANT 1,907 741 0 MISCELLANEOUS 1,050 409 0 LOAN FEE AMORTIZATION 1,302 0 0 POSTAGE AND SHIPPING 884 344 0 REPAIRS 809 315 0 VEHICLE EXPENSES 633 246 0 IMPAIRMENT ON OREO 600 0 0 TOTAL 34,586 6,281 0