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Nonprofiteer
← STARK DEVELOPMENT CORPORATION

Form 990 for tax year 2025

Filed by STARK DEVELOPMENT CORPORATION.

Totals

Total revenue
$3,439,352
Total expenses
$2,756,035
Contributions and grants received
$3,125,841
Grants paid
$627,478
Program service revenue
$0
Investment income
$237,352
Other revenue
$76,159
Total assets, end of year
$15,603,362
Total liabilities, end of year
$5,466,404
Net assets or fund balances, end of year
$10,136,958
Program services expenses (Part IX)
$2,727,465
Management and general expenses
$28,570
Fundraising expenses
$0
Program service expenses (Part III)
$2,727,465

Program services were 99.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1b · Membership dues

    $24,450

  • 1e · Government grants (contributions)

    $3,101,391

  • 3 · Investment income

    total $237,352 · excluded $237,352

  • 11a · Other revenue: SBDC REIMBURSEMENT

    total $71,374 · related or exempt $71,374

  • 11b · Other revenue: MISCELLANEOUS

    total $4,785 · related or exempt $4,785

  • 11e · Other revenue, total

    $76,159

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $339,000 · program services $339,000

  • 2 · Grants to domestic individuals

    total $288,478 · program services $288,478

  • 7 · Other salaries and wages

    total $278,187 · program services $278,187

  • 8 · Pension plan contributions

    total $8,982 · program services $8,982

  • 9 · Other employee benefits

    total $77,066 · program services $77,066

  • 10 · Payroll taxes

    total $21,516 · program services $21,516

  • 11c · Fees: accounting

    total $28,570 · management and general $28,570

  • 13 · Office expenses

    total $6,735 · program services $6,735

  • 16 · Occupancy

    total $26,196 · program services $26,196

  • 17 · Travel

    total $12,532 · program services $12,532

  • 19 · Conferences, conventions and meetings

    total $1,445 · program services $1,445

  • 22 · Depreciation, depletion and amortization

    total $7,200 · program services $7,200

  • 23 · Insurance

    total $1,031 · program services $1,031

  • 24a · Other expenses: PACE COMMUNITY BUYDOWN

    total $1,598,274 · program services $1,598,274

  • 24b · Other expenses: PROMOTIONAL ADVERTISING

    total $48,356 · program services $48,356

  • 24c · Other expenses: DUES AND PUBLICATIONS

    total $8,282 · program services $8,282

  • 24d · Other expenses: BUSINESS INSURANCE

    total $2,927 · program services $2,927

  • 24e · All other expenses

    total $1,258 · program services $1,258

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $252,930 · end of year $178,223

  • 2 · Savings and temporary cash investments

    beginning of year $5,534,804 · end of year $5,797,760

  • 4 · Accounts receivable

    beginning of year $8,618,160 · end of year $9,598,389

  • 9 · Prepaid expenses and deferred charges

    beginning of year $5,303 · end of year $4,150

  • 10a · Land, buildings and equipment: cost or other basis

    $69,813

  • 10b · Land, buildings and equipment: accumulated depreciation

    $44,973

  • 10c · Land, buildings and equipment, net

    beginning of year $32,038 · end of year $24,840

  • 17 · Accounts payable and accrued expenses

    beginning of year $4,986,477 · end of year $5,466,404

  • 27 · Net assets without donor restrictions

    beginning of year $9,306,758 · end of year $10,036,958

  • 28 · Net assets with donor restrictions

    beginning of year $150,000 · end of year $100,000

Mission and programs · 2025

Mission

PROMOTES THE START-UP AND GROWTH OF VARIOUS BUSINESS VENTURES WITHIN SOUTHWEST NORTH DAKOTA.

  • THIS ORGANIZATION PROMOTES THE START AND GROWTH OF BUSINESS WITHIN SOUTHWEST NORTH DAKOTA.

    Expenses $2,727,465 · Grants $627,478

As filed on the 2025 return.

Listed in Part VII

  • Peggy Ehresman

    PRESIDENT

    Total calculated
    $0

  • Mary Urlacher

    VICE PRESIDE

    Total calculated
    $0

  • Lisa Roers

    SECRETARY

    Total calculated
    $0

  • Chris Johnson

    TREASURER

    Total calculated
    $0

  • Jordan Selinger

    DIRECTOR

    Total calculated
    $0

  • Tom Fath

    DIRECTOR

    Total calculated
    $0

  • Rachel Logan

    DIRECTOR

    Total calculated
    $0

  • Floyd Hurt

    DIRECTOR

    Total calculated
    $0

  • Russ Murphy

    DIRECTOR

    Total calculated
    $0

  • Kyler Swan

    DIRECTOR

    Total calculated
    $0

  • Ambrose Hoff

    DIRECTOR

    Total calculated
    $0

  • Neal Messer

    DIRECTOR

    Total calculated
    $0

  • Scott Molander

    DIRECTOR

    Total calculated
    $0

  • Jason Hopfauf

    DIRECTOR

    Total calculated
    $0

  • Aaron Grinsteinner

    DIRECTOR

    Total calculated
    $0

  • Carole Enderle

    DIRECTOR

    Total calculated
    $0

  • Bryan Personne

    DIRECTOR

    Total calculated
    $0

  • Jon Leadbetter

    DIRECTOR

    Total calculated
    $0

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

  • ALL IN EVENTS & CATERING

    $50,000

    FACADE IMPROVEMENT

  • GAD PROPERTIES LLC

    $50,000

    FACADE IMPROVEMENT

  • JT HOLDINGS

    $50,000

    FACADE IMPROVEMENT

  • MILLCO INVESTMENTS CO

    $50,000

    FACADE IMPROVEMENT

  • PRAIRIE HILLS MALL

    $50,000

    FACADE IMPROVEMENT

  • LITTLE LIGHT CHILDCARE LLC

    $30,000

    CHILDCARE PROGRAM

  • THEODORE ROOSEVELT EXPRESSWAY

    $25,000

    ECONOMIC GROWTH

  • SMALL WORLD DAYCARE

    $18,000

    CHILDCARE MATCHING

  • ITL ACADEMY

    $15,000

    INNOVATION TUITION

Provenance

Return type
form_990
Tax year
2025
Filed
2 June 2026
IRS schema version
2025v4.0
Source object
202641769349300329

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