Herreid Economic Development
The Herreid Economic Development corporation's mission is to promote, assist, encourage and develop the business and economic prosperity in herreid, South Dakota and the surrounding area. To encourage new industries and to rehabilitate existing industries, and to promote the agricultural and business development of herreid, South Dakota and the surrounding area; to secure grants and other funds in aid of said purposes, and to promote and provide jobs for individuals in herreid, South Dakota.
Herreid Economic Development at a glance
- Total assets
- $569,751
- +5.0% vs 2024
- Revenue (2025)
- $47,496
- +196.6% vs 2024
- Net investment income (2025)
- $10,246
- +8809.6% vs 2024
- Expenses (2025)
- $20,492
- -4.4% vs 2024
- Latest 990 filing
- Form 990, 2025 View filing
Data from IRS Form 990, 2025; updated September 2026.
Who Herreid Economic Development funds
How this funder distributes its grants
Grant Size Distribution
1 grant across all recorded years
The most common grant size was under $50K: 1 grant of 1 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2023, annual grant giving ranged from $250 (2020) to $15K (2023). In 2023 it made 1 grant totaling $15K.
Hatched bars: grants paid as reported on the IRS filing, which lists no individual grants for that year.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Herreid Area Housing Development Herreid, SD | — | $15,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2025 | $569,751 | $47,496 | $20,492 | — | — | $10,246 |
| 2024 | $542,747 | $16,015 | $21,430 | — | — | $115 |
| 2023 | $548,162 | $17,212 | $56,248 | $15,000 | 1 | $4,939 |
| 2022 | $587,198 | $16,900 | $23,438 | $250 | Total only | $1,020 |
| 2021 | $593,874 | $13,838 | $13,245 | — | — | $1,225 |
| 2020 | $593,141 | $107,848 | $17,822 | $250 | Total only | $2,047 |
"Total only": grants paid as reported on the IRS filing, which lists no individual grants for that year.
About Herreid Economic Development
Based on IRS filings
Herreid Economic Development is a public charity focused on Community Improvement & Capacity Building, based in Herreid, SD. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $570K in total assets. Net investment income was $10K.
Focus Areas
Leadership & Key People
Officers and directors from IRS filings
Herreid Economic Development is led by Melinda Neelely, President on the 2025 filing; none of the 8 officers listed in 2025 report compensation.
Officers on the 2025 filing
Melinda Neelely
President
New on the 2025 filing
No compensation reported
Gary Weismantel
Director
On filings since 2020
No compensation reported
Kayla Huber
Director
Vice President → President, 2023
President → Director, 2025
On filings since 2020
No compensation reported
Beth Fjeldheim
Director
On filings since 2023
No compensation reported
Brady Vander Vorst
Director
On filings since 2023
No compensation reported
Nicole Goehring
Secretary
On filings since 2020
No compensation reported
Brad Schuetzle
Treasurer
On filings since 2023
No compensation reported
Heidi Meidinger
Vice President
Director → Vice President, 2025
On filings since 2023
No compensation reported
Former officers (5)
- Former: Melinda McNealy (2023–2024) — Vice President
- Former: Brad Schuetzel (2020–2022) — Treasurer
- Former: Kevin Wientjes (2020–2022) — President
- Former: Melinda Neele (2020–2022) — Director
- Former: Sheila Van Kuren (2020–2022) — Director
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Herreid Economic Development
How large is Herreid Economic Development?
Herreid Economic Development reported $570K in total assets on its 2025 IRS Form 990. Its revenue that year was $47K.
What is Herreid Economic Development?
Herreid Economic Development is a public charity focused on Community Improvement & Capacity Building, based in Herreid, SD. It holds $570K in total assets as of 2025.
Where does Herreid Economic Development operate?
Herreid Economic Development has awarded grants in South Dakota.
What is Herreid Economic Development's EIN?
Herreid Economic Development's EIN (Employer Identification Number) is 46-0412223. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(4)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2020 (received by the IRS May 17, 2021)
- Updated Form 990 for fiscal year 2022 (received by the IRS November 15, 2022)
- Updated Form 990 for fiscal year 2023 (received by the IRS May 14, 2024)
- Added Form 990 for fiscal year 2025 (received by the IRS May 14, 2026)
Live grants for the work Herreid Economic Development funds
Community Improvement & Capacity Building Open opportunities, soonest deadline first.
Explore Open Grants
Browse active grant opportunities in Herreid Economic Development's focus areas in our free grants database
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Herreid Economic Development down — hundreds of funders to go?