2014-11-17T16:59:07-06:00 2013-12-31 460343693 SNOW HUETHER & COYLE 1620 DAKOTA AVE S PO BOX 837 HURON SD 573500837 990 2013-01-01 460438143 BEADLE & SPINK ENTERPRISE COMMUNITY BEAD 6056356165 PO BOX 405 DOLAND SD 574360405 CRAIG SCHROEDER PRESIDENT 6056356165 2014-11-17 true JASON F RUBISH P00056710 6053528719 2014-11-17 2013 2015-11-30 17:44:51Z CRAIG SCHROEDER PO BOX 405 DOLAND SD 574360405 320667 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. 7 7 3 0 50000 310582 272224 55 -1557 0 310637 320667 10500 0 0 159443 188495 0 0 162831 124997 332774 313492 -22137 7175 5753893 5694453 1057892 991277 4696001 4703176 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 231462 322224 RURAL AND ECONOMIC DEVELOPMENT 231462 true false false false false false false false false false true false false false false false true 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 76 0 false 3 true false false false false false false false false false false false false X 7 7 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 CRAIG SCHROEDER PRESIDENT 0.50 X 0 0 0 CHAD DUBRO DIRECTOR 0.50 X 0 0 0 BRIAN HULL DIRECTOR 0.50 X 0 0 0 KIRBY PAGE VICE PRESIDE 0.50 X 0 0 0 GARY DECKERT DIRECTOR 0.50 X 0 0 0 JOHN TSCHETTER DIRECTOR 0.50 X 0 0 0 JULIE DUNSMORE SECRETARY 0.50 X 0 0 0 MARGOT GILLETTE EXECUTIVE DI 40.00 X 63693 0 8596 63693 8596 false false false 50000 50000 INTEREST FROM LOAN 261779 261779 RENTAL PROPERTY INCOME 6000 6000 MISCELLANEOUS INCOME 4445 4445 272224 -1557 -1557 320667 272224 -1557 63693 45859 17834 90614 65242 25372 3796 2733 1063 17648 12707 4941 12744 9176 3568 3034 2184 850 12911 9296 3615 4285 3085 1200 5150 3708 1442 3502 2521 981 6016 4332 1684 6512 4689 1823 6742 4852 1890 6370 6370 IMPAIRMENT ON OREO 21050 21050 DAKOTA RESOURCES INTEREST 18000 18000 TELEPHONE 5879 4233 1646 REPAIRS 5320 3830 1490 20226 13965 6261 313492 231462 82030 0 629600 1402778 38226 48962 4888938 4039767 1974 6240 136504 65162 73689 71342 44359 42802 77107 82562 5753893 5694453 45900 16615 1011992 974662 1057892 991277 X 4329833 4275743 366168 427433 4696001 4703176 5753893 5694453 7175 X false true false true true X 52000 50000 102000 52000 50000 102000 102000 102000 272224 1.00000 X 28063 1250 26813 39599 3110 36489 68842 60802 8040 71342 320667 320667 320667 313492 313492 313492 JOHN TSCHETTER - HOME MORTGAGE DIRECTOR HOME MORTGAGE X 47000 35724 false true true BRIAN HULL HELP LOAN DIRECTOR HOME ENHANCEMENT LOAN X 15000 13238 false true true 48962 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.