2012-10-03T12:32:27-07:00 2011-12-31 Snow Huether & Coyle 1620 Dakota South Box 837 Huron SD 57350 990 2011-01-01 460438143 BEADLE & SPINK ENTERPRISE COMMUNITY INC BEAD 6055992991 104 North Main Street YALE SD 57386 CRAIG SCHROEDER 2012-09-28 true JASON F RUBISH 6053528719 2011 2016-02-24 21:20:13Z 315682 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 6 6 0 0 322122 314842 -651 840 0 321471 315682 4569 1150 0 158801 161193 0 0 101569 156572 264939 318915 56532 -3233 5923596 5787732 1202225 1069594 4721371 4718138 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 246999 1150 314842 RURAL ECONOMIC & COMMUNITY DEVELOPMENT 246999 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 false false false true false false false false false false false false false false false false false false true 75 0 false 6 true false false false false false false false false false false false 0 false false false false false false false false false false false X 9 6 false false false false false false false true true false false false false true true true true true true false false false X ANDREA EIDE 6055992991 104 North Main Street YALE SD 57386 CHAD DUBRO 0.50 0 0 0 JULIE DUNSMORE 0.50 X 0 0 0 JOHN TSCHETTER 0.50 X 0 0 0 JOANN KRETCHMER 0.50 X 0 0 0 GARY DECKERT 0.50 X 0 0 0 PAUL DOMKE 0.50 X 0 0 0 KIRBY PAGE 0.50 X 0 0 0 BRIAN HULL 0.50 X 0 0 0 CRAIG SCHROEDER 0.50 X 0 0 0 BOB HULL 40.00 X 30688 0 2348 ANDREA EIDE 40.00 X 55440 0 5837 86128 8185 0 false false false 0 0 RENTAL PROPERTY INCOME 500 500 MISCELLANEOUS INCOME 8281 8281 INTEREST FROM LOAN 306061 306061 314842 840 840 0 0 0 0 0 0 0 0 315682 314842 840 1150 1150 0 0 0 86128 62011 24117 0 48016 34572 13444 2909 2094 815 14560 10483 4077 9580 6898 2682 0 0 11225 8082 3143 0 0 0 24941 17958 6983 1629 1173 456 6437 4635 1802 0 0 0 2608 1878 730 0 2440 1757 683 0 0 4409 3174 1235 3835 3835 USAGE FEES 5593 4027 1566 SDREI INTEREST EXPENSE 25794 25794 PROVISION FOR LOAN LOSS 44320 44320 IRP INTEREST EXPENSE 5809 5809 COMMUNICATIONS 3738 2691 1047 13794 8493 5301 318915 246999 71916 0 838788 1137985 0 0 0 0 0 5020486 4527470 0 0 92408 54342 10583 38066 0 28464 36804 0 0 25275 47407 5923596 5787732 16678 20641 1185547 1048953 1202225 1069594 X 4422308 4276714 299063 441424 4721371 4718138 5923596 5787732 -3233 X false true false X true true X 7850 52000 59850 0 0 7850 52000 59850 0 59850 0 0 0 59850 1.00000 1.00000 X 28063 128 27935 707 123 584 63638 54091 9547 38066 315682 318915 -3233 -3233 315682 315682 315682 318915 318915 318915 JOHN TSCHETTER BUSINESS LOAN X 17000 4377 false true true JOHN TSCHETTER HOME MORTGAGE LOAN X 47000 40571 false true true 44948 EILEEN SHARP EMPLOYEE MOTHER - BUSINESS LOAN false EILEEN SHARP EMPLOYEE HUSBAND - BUSINESS LOAN false EILEEN SHARP EMPLOYEE HUSBAND - HOME MORTGAGE false MARY JANE FAST EMPLOYEE HOME IMPROVEMENT LOAN false 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 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 11 Form 990, Part VI, Line 11: Form 990 Review Process THE PRESIDENT OF THE BOARD OF DIRECTORS REVIEWS FORM 990 BEFORE IT IS SIGNED AND FILED.