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
No grants recorded for .
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 | — |
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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