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Compensation 990 is an independent service that uses public IRS Form 990 filings as its source data. We clean and standardize this information, but the original filings may contain errors or omissions. Years on this site refer to the organization’s fiscal year end date on the filing.

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Organizations Brookings Economic Development Corporation

Brookings Economic Development Corporation

Fiscal year ending 2024. Filed on July 24, 2025.

2301 Research Park Way Suite 113
Brookings, South Dakota 57006

Brookings Economic Development Corporation (EIN: 46-0440746) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2024 IRS Form 990 filing, Brookings Economic Development Corporation, a 501(c)(6) business league, reported compensation for 1 out of 5 total employees. Among the employees shown here, the average compensation is $105,102. The highest compensated employee at Brookings Economic Development Corporation is Tim Reed with fiscal year 2024 compensation of $105,102.

Revenue, expenses, and employee compensation

Revenue

$861,551

Expenses

$1,186,019

Employee compensation

$413,310
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Tim Reed
Chief Executive Officer
$105,102
$95,419 No related comp$9,683

Benchmark Employee Compensation

Non-Employee Board Members

Amanda Ver Helst
Director
Andrew Brown
Director
Andy Johnson
Director
Angela Boersma
Secretary and Treasurer
Curt Lundquist
Director
Daniel Scholl
Director
Don Greiner
Director
Jeremy Johnson
Director
Justin Gray
Vice President
Marcus Heemstra
Director
Mike Bartley
Director
Nick Wendell
Director

Mission Statement

Dedicated to serve the Brookings Area by enhancing the economic well-being of the City of Brookings and its surrounding areas and to improve its quality of life and prosperity.

Revisions to this organization profile

July 24, 2025:
2024 Brookings Economic Development Corporation 990 filed
November 15, 2024:
2023 Brookings Economic Development Corporation 990 filed
November 14, 2023:
2022 Brookings Economic Development Corporation 990 filed

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