Totals
- Total revenue
- $308,611
- Total expenses
- $226,300
- Contributions and grants received
- $278,495
- Grants paid
- $7,916
- Program service revenue
- $6,672
- Investment income
- -$597
- Other revenue
- $24,041
- Total assets, end of year
- $1,824,869
- Total liabilities, end of year
- $107,872
- Net assets or fund balances, end of year
- $1,716,997
- Program services expenses (Part IX)
- $0
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- not reported
Program services were 0.0% 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
$29,098
-
1e · Government grants (contributions)
$238,925
-
1f · All other contributions, gifts and grants
$10,472
-
2a · Program service revenue: BAD DEBT RECOVERY
total $6,672 · unrelated business $0 · excluded $0
-
3 · Investment income
total $10,543 · unrelated business $0 · excluded $10,543
-
6a · Gross rents
real property $21,917
-
6c · Rental income or loss
real property $21,917
-
6d · Net rental income or loss
total $21,917 · related or exempt $21,917
-
7a · Gross sales of assets other than inventory
other assets $40,744
-
7b · Less cost or other basis and sales expenses
other assets $51,884
-
7c · Gain or loss
other assets -$11,140
-
7d · Net gain or loss
total -$11,140 · related or exempt -$11,140 · unrelated business $0 · excluded $0
-
11a · Other revenue: MISCELLANEOUS
total $2,124 · related or exempt $2,124 · unrelated business $0 · excluded $0
-
11e · Other revenue, total
$2,124
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $2,666 · program services $0
-
2 · Grants to domestic individuals
total $5,250 · program services $0
-
5 · Compensation of officers, directors and key employees
total $128,208 · program services $0 · management and general $0 · fundraising $0
-
8 · Pension plan contributions
total $3,696 · program services $0 · management and general $0 · fundraising $0
-
10 · Payroll taxes
total $9,606 · program services $0 · management and general $0 · fundraising $0
-
11a · Fees: management
total $2,000 · program services $0 · management and general $0 · fundraising $0
-
11b · Fees: legal
total $690 · program services $0 · management and general $0 · fundraising $0
-
11c · Fees: accounting
total $14,597 · program services $0 · management and general $0 · fundraising $0
-
12 · Advertising and promotion
total $3,909 · program services $0 · management and general $0 · fundraising $0
-
13 · Office expenses
total $3,089 · program services $0 · management and general $0 · fundraising $0
-
16 · Occupancy
total $2,384 · program services $0 · management and general $0 · fundraising $0
-
17 · Travel
total $2,626 · program services $0 · management and general $0 · fundraising $0
-
19 · Conferences, conventions and meetings
total $5,321 · program services $0 · management and general $0 · fundraising $0
-
22 · Depreciation, depletion and amortization
total $257 · program services $0 · management and general $0 · fundraising $0
-
23 · Insurance
total $4,519 · program services $0 · management and general $0 · fundraising $0
-
24a · Other expenses: ADMINISTRATION EXP
total $31,482 · program services $0 · management and general $0 · fundraising $0
-
24b · Other expenses: DUES & MEMBERSHIPS
total $3,500 · program services $0 · management and general $0 · fundraising $0
-
24c · Other expenses: LAND LEASE
total $2,500 · program services $0 · management and general $0 · fundraising $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $83,021 · end of year $113,829
-
2 · Savings and temporary cash investments
beginning of year $205,836 · end of year $51,613
-
4 · Accounts receivable
beginning of year $328,661 · end of year $0
-
7 · Other notes and loans receivable
beginning of year $111,461 · end of year $53,094
-
9 · Prepaid expenses and deferred charges
beginning of year $1,430 · end of year $1,430
-
10a · Land, buildings and equipment: cost or other basis
$8,551
-
10b · Land, buildings and equipment: accumulated depreciation
$5,320
-
10c · Land, buildings and equipment, net
beginning of year $1,780 · end of year $3,231
-
13 · Investments: program-related
beginning of year $944,062 · end of year $1,601,672
-
14 · Intangible assets
beginning of year $0 · end of year $0
-
17 · Accounts payable and accrued expenses
beginning of year $30,035 · end of year $37,322
-
19 · Deferred revenue
beginning of year $11,530 · end of year $18,550
-
23 · Secured mortgages and notes payable
beginning of year $0 · end of year $52,000
-
27 · Net assets without donor restrictions
beginning of year $1,634,686 · end of year $1,716,997
Mission and programs · 2025
Mission
ORGANIZATION WAS DEVELOPED TO PROMOTE NEW BUSINESSES IN THE AREA BY HOLDING DEVELOPED LOTS FOR RENT AND TO ASSIST BUSINESSES IN OBTAINING LOANS TO BEGIN OR CONTINUE OPERATIONS.
-
CORP IS PAID THROUGH RENTAL AGREEMENTS IN ORDER TO FULFILL ITS MISSION FOR THE PROMOTION OF THE PIERRE COMMUNITY BY EXPANSION OF PRESENT FACILITIES OR PROMOTING NEW FACILITIES TO ATTRACT NEW BUSINESSES AND CONVENTIONS TO THE AREA. THIS INVOLVES THE BUILDING OF NEW FACILITIES IN THE AREA TO ACCOMMODATE THE NEW OR EXPANDING BUSINESSES THAT NEED A PLACE TO OPERATE. THE CORP USES RENTAL INCOME TO PAY OFF THE DEBT THAT WAS INCURRED TO BUILD NEW FACILITIES AND TO IMPROVE OLD BUSINESSES TO ATTRACT BUSINESS GROWTH IN PIERRE.
As filed on the 2025 return.
Listed in Part VII
-
Jim ProtexterJIM PROTEXTER
CHIEF OPERATING OFFICER
- Total calculated
- $124,425
- From this org
- $124,425
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Mary Lehecka-NelsonMARY LEHECKA-NELSON
CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Kim EaslandKIM EASLAND
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Dustin ChristophersonDUSTIN CHRISTOPHERSON
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Doug AbrahamDOUG ABRAHAM
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Zach ClarkZACH CLARK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Josh LarsonJOSH LARSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Dawn MorrisDAWN MORRIS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Andy HubbartANDY HUBBART
PAST CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Gaylon GerberGAYLON GERBER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Tina VancampTINA VANCAMP
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Bobbie CountryBOBBIE COUNTRY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Gordon WoodsGORDON WOODS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
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
-
NA
no cash amount reported
Provenance
- Return type
- form_990
- Tax year
- 2025
- Filed
- 15 July 2026
- IRS schema version
- 2025v4.1
- Source object
- 202602059349300625
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