2018-09-17T13:55:34-05:00 2017-12-31 460343693 SNOW HUETHER & COYLE 1620 DAKOTA AVE S PO BOX 837 HURON SD 573500837 990 2017-01-01 460438143 BEADLE & SPINK ENTERPRISE COMMUNITY BEAD 6056356165 PO BOX 405 DOLAND SD 574360405 BRIAN HULL PRESIDENT 6056356165 2018-09-15 true JASON F RUBISH P00056710 6053528719 2018-09-17 167.68.16.49 2018-09-17 13:55:34 CD P 0BB837DB6F385191FFF42EB654D419ADC5B15E8F 0A75A7027964B4D5A0CB38566EA0E46CD53C65CC 2017 2018-06-14 16:35:46Z BRIAN HULL PO BOX 139 TULARE SD 57476 316509 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. 9 9 3 0 387827 20616 410278 294087 -9053 56 -764 789052 313995 120327 0 0 148483 158042 0 0 112295 234220 381105 392262 407947 -78267 6636915 6363073 1673164 1477589 4963751 4885484 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 311486 294087 RURAL AND ECONOMIC DEVELOPMENT 311486 true true false false false false false false false false true false false false false 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 93 0 true 3 true false false false false false false false false false false false false X 9 9 false false false false false false false true true false false false true true true true true true false false X MARGOT GILLETTE 6056356165 PO BOX 405 DOLAND SD 57436 CHAD DUBRO DIRECTOR 0.50 X 0 0 0 JOHN TSCHETTER DIRECTOR 0.50 X 0 0 0 DANE LAMBERT DIRECTOR 0.50 X 0 0 0 TOM MARTIN DIRECTOR 0.50 X 0 0 0 LEANNE BAWEK DIRECTOR 0.50 X 0 0 0 LISA GOGOLIN DIRECTOR 0.50 X 0 0 0 MARGOT GILLETTE EXECUTIVE DI 40.00 X 70803 0 15409 BRIAN HULL PRESIDENT 0.50 X 0 0 0 KIRBY PAGE VICE PRESIDE 0.50 X 0 0 0 GARY DECKERT SECRETARY/TR 0.50 X 0 0 0 70803 15409 false false false 10616 10000 10616 20616 INTEREST FROM LOAN 269218 269218 MISCELLANEOUS INCOME 24869 24869 294087 56 56 1750 2514 -764 -764 -764 313995 293323 56 X 70803 50978 19825 49100 35352 13748 3624 2609 1015 26450 19044 7406 8065 5807 2258 4482 3227 1255 13888 9999 3889 2390 1721 669 5284 3804 1480 4665 3359 1306 7719 5558 2161 6180 4450 1730 7386 7386 5079 5079 CHANGE PROV FOR LOAN LOSS 44980 44980 IMPAIRMENT ON OREO 44741 44741 DAKOTA RESOURCES INTEREST 23857 23857 GRANTS 15073 15073 48496 29541 18955 392262 311486 80776 0 1640127 409954 27167 28622 4797741 5637799 2140 2194 147517 48777 47652 98740 30708 30764 91380 155000 6636915 6363073 19965 27570 1653199 1450019 1673164 1477589 X 4272597 4432153 691154 453331 4963751 4885484 6636915 6363073 -78267 X true X false true false X 50000 387827 20616 458443 50000 387827 20616 458443 458443 458443 295837 1.00000 1.00000 X 680 680 52404 715 51689 38893 13264 25629 55540 34798 20742 98740 JOHN TSCHETTER - HOME MORTGAGE DIRECTOR HOME MORTGAGE X 47000 23924 false true true BRIAN HULL - GRANTLOAN PROGRAM DIRECTOR HOME IMPROVEMENT LOAN X 7242 4698 false true true 28622 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 OTHER REAL ESTATE 0 13,521 0 REED INTEREST EXPENSE 9,060 0 0 FEES 4,511 1,754 0 TELEPHONE 3,380 1,314 0 USDA INTEREST EXPENSE 3,681 0 0 MISCELLANEOUS 2,615 1,011 0 CONSULTANT 1,219 474 0 COMMUNITY DEVELOPMENT 1,510 0 0 REPAIRS 1,002 390 0 LOAN FEE AMORTIZATION 1,302 0 0 POSTAGE AND SHIPPING 696 271 0 VEHICLE EXPENSES 565 220 0 TOTAL 29,541 18,955 0