2013-09-21T14:16:29-07:00 2012-12-31 Snow Huether & Coyle 1620 Dakota South Box 837 Huron SD 57350 990 2012-01-01 460438143 BEADLE & SPINK ENTERPRISE COMMUNITY INC BEAD 6056356165 PO BOX 405 DOLAND SD 57436 CRAIG SCHROEDER 2013-09-18 true JASON F RUBISH P00056710 6053528719 2012 2016-02-24 21:20:13Z X 310637 false 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 7 0 0 314842 310582 840 55 0 315682 310637 1150 10500 0 161193 159443 0 0 156572 162831 318915 332774 -3233 -22137 5787732 5753893 1069594 1057892 4718138 4696001 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 256647 10500 310582 RURAL ECONOMIC & COMMUNITY DEVELOPMENT 256647 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 true false false false false false false false false true false false false false false false false false false false false false false false true 79 0 false 7 true false false false false false false false false 0 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 JULIE DUNSMORE 0.50 0.00 X 0 0 0 JOHN TSCHETTER 0.50 0.00 X 0 0 0 JOANN KRETCHMER 0.50 0.00 X 0 0 0 GARY DECKERT 0.50 0.00 X 0 0 0 PAUL DOMKE 0.50 0.00 X 0 0 0 KIRBY PAGE 0.50 0.00 X 0 0 0 BRIAN HULL 0.50 0.00 X 0 0 0 CHAD DUBRO 0.50 0.00 X 0 0 0 CRAIG SCHROEDER 0.50 0.00 X 0 0 0 MARGOT GILLETTE 40.00 0.00 X 13750 0 1709 ANDREA EIDE 40.00 0.00 X 59335 0 9421 73085 11130 0 false false false 0 0 RENTAL PROPERTY INCOME 6000 6000 MISCELLANEOUS INCOME 15368 15368 INTEREST FROM LOAN 289214 289214 310582 55 55 0 0 0 0 0 0 0 0 310637 310582 55 X 10500 10500 0 0 0 73085 52621 20464 0 51854 37335 14519 2583 1860 723 20018 14413 5605 11903 8570 3333 0 6248 4499 1749 12468 8977 3491 0 0 0 33932 24431 9501 2704 1947 757 3338 2403 935 0 0 0 3610 2599 1011 0 1544 1112 432 0 0 4078 2936 1142 2382 2382 COMMUNICATIONS 5225 3762 1463 IRP INTEREST EXPENSE 5505 5505 DAK RESOURCES INTEREST EXPENSE 19500 19500 PROVISION FOR LOAN LOSS 41190 41190 21107 12487 8620 332774 256647 76127 0 1137985 629600 0 0 0 0 0 4527470 4927164 0 1974 132109 58420 38066 73689 0 36804 44359 0 0 47407 77107 5787732 5753893 20641 45900 1048953 1011992 1069594 1057892 X 4276714 4329833 441424 366168 4718138 4696001 5787732 5753893 -22137 X false true X false true true X 52000 52000 0 0 52000 52000 0 52000 0 0 0 52000 1.00000 1.00000 X 28063 1148 26915 37926 479 37447 66120 56793 9327 73689 310637 310637 310637 332774 332774 332774 true 7 0 Grantmaker's Description of How Grants are Used GRANTS WERE PROVIDED TO EACH TOWN WITHIN THE COVERED AREA OF BEADLE AND SPINK ENTERPRISE COMMUNITY. FUNDS WERE PROVIDED FOR COMMUNITY DEVELOPMENT TO BE USED AT THE TOWN'S DISCRETION. JOHN TSCHETTER DIRECTOR BUSINESS LOAN X 17000 false true true JOHN TSCHETTER DIRECTOR HOME MORTGAGE LOAN X 47000 38226 false true true 38226 Form 990, Part VI, Line 19 Form 990, Part VI, Line 19: Other Organization Documents Publicly Available OUR GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE FOR INSPECTION BY THE GENERAL PUBLIC UPON REQUEST IN OUR OFFICE. Form 990, Part VI, Line 15a Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management A COMMITTEE OF THE BOARD OF DIRECTORS REVIEW THE COMPENSATION FOR EXECUTIVE DIRECTOR AND PROVIDE A RECOMMENDATION, BASED UPON THE SOUTH DAKOTA DEPARTMENT OF LABOR WAGE COMPARABILITY STUDY, TO THE BOARD OF DIRECTORS FOR APPROVAL. Form 990, Part VI, Line 12c Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts ALL BOARD MEMBERS AND EMPLOYEES ARE REQUIRED TO REPORT ANY CONFLICTS OF INTEREST IF THEY WERE TO OCCUR. THE EXECUTIVE DIRECTOR AND BOARD MEMBERS KEEP TABS ON ANY POSSIBLE AREAS WHERE CONFLICTS OF INTEREST COULD ARISE. Form 990, Part VI, Line 11b Form 990, Part VI, Line 11b: Form 990 Review Process THE PRESIDENT OF THE BOARD OF DIRECTORS REVIEWS FORM 990 BEFORE IT IS SIGNED AND FILED.