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Nonprofiteer
← ST LOUIS ECONOMIC DEVELOPMENT PARTNERSHIP

Form 990 for tax year 2024

Filed by ST LOUIS ECONOMIC DEVELOPMENT PARTNERSHIP.

Totals

Total revenue
$9,071,477
Total expenses
$8,269,290
Contributions and grants received
$7,247,398
Grants paid
$0
Program service revenue
$1,560,413
Investment income
$263,666
Other revenue
$0
Total assets, end of year
$39,587,653
Total liabilities, end of year
$3,855,719
Net assets or fund balances, end of year
$35,731,934
Program services expenses (Part IX)
$3,178,669
Management and general expenses
$5,090,621
Fundraising expenses
$0
Program service expenses (Part III)
$3,178,669

Program services were 38.4% 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.

  • 1e · Government grants (contributions)

    $7,247,398

  • 2a · Program service revenue: BUSINESS DEVELOPMENT

    total $1,489,749 · related or exempt $1,489,749

  • 2b · Program service revenue: FINANCING REVENUE

    total $70,664 · related or exempt $70,664

  • 3 · Investment income

    total $263,666 · excluded $263,666

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $657,933 · program services $21,733 · management and general $636,200

  • 7 · Other salaries and wages

    total $2,725,674 · program services $1,355,312 · management and general $1,370,362

  • 8 · Pension plan contributions

    total $167,627 · program services $91,755 · management and general $75,872

  • 9 · Other employee benefits

    total $309,874 · program services $155,413 · management and general $154,461

  • 10 · Payroll taxes

    total $237,935 · program services $105,869 · management and general $132,066

  • 11b · Fees: legal

    total $10,921 · management and general $10,921

  • 11c · Fees: accounting

    total $108,049 · management and general $108,049

  • 11d · Fees: lobbying

    total $216,000 · management and general $216,000

  • 11g · Fees: other

    total $64,595 · program services $64,595

  • 12 · Advertising and promotion

    total $14,745 · program services $9,267 · management and general $5,478

  • 13 · Office expenses

    total $60,567 · program services $11,254 · management and general $49,313

  • 17 · Travel

    total $67,315 · program services $36,980 · management and general $30,335

  • 21 · Payments to affiliates

    total $2,092,042 · program services $1,424 · management and general $2,090,618

  • 22 · Depreciation, depletion and amortization

    total $1,173,566 · program services $1,173,566

  • 23 · Insurance

    total $61,205 · management and general $61,205

  • 24a · Other expenses: EQUIP RENTAL & MAINT.

    total $233,927 · program services $141,149 · management and general $92,778

  • 24b · Other expenses: MEMBERSHIPS

    total $64,651 · program services $7,688 · management and general $56,963

  • 24e · All other expenses

    total $2,664 · program services $2,664

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $9,253,093 · end of year $8,695,686

  • 2 · Savings and temporary cash investments

    beginning of year $558,446 · end of year $547,189

  • 3 · Pledges and grants receivable

    beginning of year $89,415 · end of year $490,618

  • 4 · Accounts receivable

    beginning of year $1,695,647 · end of year $2,464,597

  • 9 · Prepaid expenses and deferred charges

    beginning of year $24,390 · end of year $29,207

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

    $34,551,881

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

    $11,599,129

  • 10c · Land, buildings and equipment, net

    beginning of year $14,723,026 · end of year $22,952,752

  • 13 · Investments: program-related

    beginning of year $2,413,647 · end of year $1,601,432

  • 15 · Other assets

    beginning of year $2,317,307 · end of year $2,806,172

  • 17 · Accounts payable and accrued expenses

    beginning of year $708,678 · end of year $1,011,651

  • 19 · Deferred revenue

    beginning of year $693,162 · end of year $711,440

  • 23 · Secured mortgages and notes payable

    beginning of year $157,333 · end of year $157,333

  • 25 · Other liabilities

    beginning of year $2,157,802 · end of year $1,975,295

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $27,357,996 · end of year $35,731,934

Mission and programs · 2024

Mission

ECONOMIC DEVELOPMENT.

  • THE SMALL BUSINESS INCUBATORS PROVIDE SUPPORT, COUNSELING, AND OFFICE SPACE.

    Expenses $1,939,362

  • PROMOTE COMMUNITY AND ECONOMIC DEVELOPMENT IN ST. LOUIS COUNTY AND THE CITY OF ST. LOUIS.

    Expenses $765,848 · Revenue $21,200

  • BUSINESS DEVELOPMENT PROGRAM IS RESPONSIBLE FOR BUSINESS RETENTION AND BRINGING NEW BUSINESS AND INDUSTRY TO ST. LOUIS COUNTY AND THE CITY OF ST. LOUIS.

    Expenses $308,697 · Revenue $1,468,549

  • THE PARTNERSHIP IS PROVIDED FUNDING FROM SEVERAL FEDERAL AND STATE AGENCIES. THESE GRANTS ARE USED AS PROGRAM SUPPORT FOR ECONOMIC ADJUSTMENT PROGRAMS AND COMMUNITY DEVELOPMENT PROJECTS.

    Expenses $164,762 · Revenue $70,664

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • John Maupin

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Tracy Hart

    BOARD CHAIR (THRU 6/2025)

    Total calculated
    $0
    Hours/week
    1

  • Dara Eskridge

    VICE-CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Michelle Schwerin

    TREASURER (THRU 8/2025)

    Total calculated
    $0
    Hours/week
    1

  • Charles Hinderliter

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Dr Claudio Abreu

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jared Boyd

    DIRECTOR (THRU 4/2025)

    Total calculated
    $0
    Hours/week
    1

  • Dr Kristine Callis-Duehl

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Michelle Harris

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kevin O'Malley

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Casey Millburg

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Beth Orwick

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Justin Raymundo

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Neal Richardson

    DIRECTOR (THRU 5/2025)

    Total calculated
    $0
    Hours/week
    1

  • Dr Will Ross

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dana Sandweiss

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Charles Stewart

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Rickey Whittington

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Otis Williams

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Rodney Crim

    PRESIDENT AND CEO

    Total calculated
    $318,734
    From this org
    $288,735
    From related orgs
    $0
    Other
    $29,999
    Hours/week
    39 + 1 related

    Schedule J breakdown matched by us

    Base
    $288,735
    Bonus
    $0
    Other
    $0
    Deferred
    $20,114
    Nontaxable benefits
    $9,885
    Filer's total
    $318,734

  • Joshua Ayers

    CFO

    Total calculated
    $195,930
    From this org
    $166,309
    From related orgs
    $0
    Other
    $29,621
    Hours/week
    36 + 4 related

    Schedule J breakdown matched by us

    Base
    $166,309
    Bonus
    $0
    Other
    $0
    Deferred
    $12,603
    Nontaxable benefits
    $17,018
    Filer's total
    $195,930

  • Howl Bean

    ASST SECRETARY & GENERAL COUNSEL

    Total calculated
    $142,115
    From this org
    $123,615
    From related orgs
    $0
    Other
    $18,500
    Hours/week
    40

  • Kevin Cahill

    VP STRATEGIC INITIATIVES

    Total calculated
    $176,563
    From this org
    $155,734
    From related orgs
    $0
    Other
    $20,829
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $155,734
    Bonus
    $0
    Other
    $0
    Deferred
    $10,944
    Nontaxable benefits
    $9,885
    Filer's total
    $176,563

  • Kristin Lappin

    VP ADMINISTRATION

    Total calculated
    $141,455
    From this org
    $139,486
    From related orgs
    $0
    Other
    $1,969
    Hours/week
    40

  • John Darrell Scott

    VP BUSINESS FINANCE

    Total calculated
    $136,629
    From this org
    $118,440
    From related orgs
    $0
    Other
    $18,189
    Hours/week
    16 + 24 related

  • Tim Nowak

    EXECUTIVE DIRECTOR - WTC-STL

    Total calculated
    $206,211
    From this org
    $176,036
    From related orgs
    $0
    Other
    $30,175
    Hours/week
    5 + 35 related

    Schedule J breakdown matched by us

    Base
    $176,036
    Bonus
    $0
    Other
    $0
    Deferred
    $13,157
    Nontaxable benefits
    $17,018
    Filer's total
    $206,211

  • Linda Behrmann

    ASST VP - BUS FIN

    Total calculated
    $118,592
    From this org
    $101,490
    From related orgs
    $0
    Other
    $17,102
    Hours/week
    36 + 4 related

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Written employment contract
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • HEARTLAND REGIONAL INVESTMENT FUND

    EXCLUDED FROM TAX · COMMUNITY DEVELOPMENT · MO · 51% owned · share of income $661,360 · share of assets $1,373,998 · general or managing partner

Provenance

Return type
form_990
Tax year
2024
Filed
15 August 2026
IRS schema version
2024v5.5
Source object
202612299349302856

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