Aberdeen Development Corporation
Recruit, retain, expand, and provide entrepreneurial support to enhance economic opportunity in Aberdeen and our surrounding region.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$10.7M
-6.3% YoY
Annual Giving
$10K
-97.0% YoY
Grant Count
1
+0.0% YoY
Avg Grant Size
$10K
-97.0% YoY
About Aberdeen Development Corporation
Based on IRS filings
Aberdeen Development Corporation is a nonprofit organization, based in ABERDEEN, SD. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $10.7M in total assets. In 2024, it awarded 1 grants totaling $10K. Net investment income was $214K.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $10,731,122 | $11,453,901 | $12,144,487 |
| Revenue | $911,814 | $920,712 | $1,606,263 |
| Expenses | $1,283,368 | $1,684,986 | $1,041,174 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $214,225 | $352,012 | $1,236,697 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 1 recipients in 2024
Grant Size Distribution
8 grants across all recorded years
Open Grants
2 open opportunities from Aberdeen Development Corporation
Intermediary Re-lending Program (IRP) Loan Fund
Aberdeen Development Corporation
Amount
Varies
Deadline
Rolling / Open
South Dakota Governor's Office of Economic Development Community Based Childcare Planning Grant
Aberdeen Development Corporation
Amount
Varies
Deadline
Rolling / Open
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Minds Matter PLLC ($10,000).
| Recipient | Purpose | Amount |
|---|---|---|
| Minds Matter PLLC Aberdeen, SD | Economic development | $10,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Michael Bockorny | CEO | 40 | $209,729 |
| Tim Hanigan-Chair Jan-Sep | Interim CEO (Oct-Dec) | 40 | $25,000 |
| Kip Hansen-Vice Chair Jan-Sep | Chair (Oct-Dec) | 4 | — |
| Mark Gederos-Director Jan-Sep | Chair-Elect (Oct-Dec) | 2 | — |
| Scott Noeldner | Secretary/Treasurer | 6 | — |
| Char Hager | Director | 0.5 | — |
| David Kreber | Director | 0.5 | — |
| Katie Washnok | Director | 0.5 | — |
| Keri Satrang | Director | 0.5 | — |
| Ryan Schmike | Director | 0.5 | — |
| Adam Butcher | Director | 0.5 | — |
| Jeff Lee | Director | 0.5 | — |
| Mark Malchow | Director | 0.5 | — |
| Spencer Sommers | Director | 0.5 | — |
| Nicole Summner | Director | 0.5 | — |
| Paul Forst | Director (Mar-Dec) | 0.5 | — |
| Shane Phillips | Director (Mar-Dec) | 0.5 | — |
Frequently Asked Questions
How large is Aberdeen Development Corporation?
As of 2024, Aberdeen Development Corporation holds $10.7M in total assets with $912K in annual revenue. It awarded 1 grants totaling $10K in 2024.
Where does Aberdeen Development Corporation operate?
Aberdeen Development Corporation has awarded grants in South Dakota.
What size grants does Aberdeen Development Corporation award?
In 2024, Aberdeen Development Corporation awarded 1 grants totaling $10K — an average of about $10K per grant, based on its IRS Form 990 filings.
What is Aberdeen Development Corporation's EIN?
Aberdeen Development Corporation's EIN (Employer Identification Number) is 46-6011831. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Aberdeen Development Corporation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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