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Nonprofiteer
← JAMESTOWN STUTSMAN DEVELOPMENT CORPORATION

Form 990 for tax year 2023

Filed by JAMESTOWN STUTSMAN DEVELOPMENT CORPORATION.

Totals

Total revenue
$2,172,301
Total expenses
$2,515,274
Contributions and grants received
$1,774,838
Grants paid
$1,745,041
Program service revenue
$15,451
Investment income
$0
Other revenue
$382,012
Total assets, end of year
$16,366,314
Total liabilities, end of year
$7,692,751
Net assets or fund balances, end of year
$8,673,563
Program services expenses (Part IX)
$2,277,468
Management and general expenses
$237,806
Fundraising expenses
$0
Program service expenses (Part III)
$2,277,468

Program services were 90.5% 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)

    $1,774,838

  • 2a · Program service revenue: EXPENSE REIMBURSEMENT

    total $15,451 · related or exempt $15,451

  • 6a · Gross rents

    real property $95,775

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $95,775

  • 6d · Net rental income or loss

    total $95,775 · related or exempt $95,775

  • 11a · Other revenue: INCOME FROM SUBSIDIARY

    total $284,293 · unrelated business $284,293

  • 11b · Other revenue: MISCELLANEOUS

    total $1,944 · related or exempt $1,944

  • 11e · Other revenue, total

    $286,237

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,745,041 · program services $1,745,041

  • 5 · Compensation of officers, directors and key employees

    total $217,116 · program services $162,837 · management and general $54,279

  • 7 · Other salaries and wages

    total $88,479 · program services $36,329 · management and general $52,150

  • 8 · Pension plan contributions

    total $14,594 · program services $9,396 · management and general $5,198

  • 9 · Other employee benefits

    total $49,369 · program services $32,291 · management and general $17,078

  • 10 · Payroll taxes

    total $23,414 · program services $15,260 · management and general $8,154

  • 11a · Fees: management

    total $14,070 · program services $12,663 · management and general $1,407

  • 11b · Fees: legal

    total $10,629 · program services $9,566 · management and general $1,063

  • 11c · Fees: accounting

    total $16,000 · program services $14,400 · management and general $1,600

  • 12 · Advertising and promotion

    total $20,017 · program services $20,017

  • 13 · Office expenses

    total $3,798 · program services $2,592 · management and general $1,206

  • 14 · Information technology

    total $3,789 · program services $947 · management and general $2,842

  • 16 · Occupancy

    total $50,956 · program services $31,593 · management and general $19,363

  • 17 · Travel

    total $5,333 · program services $1,333 · management and general $4,000

  • 19 · Conferences, conventions and meetings

    total $16,539 · program services $14,885 · management and general $1,654

  • 20 · Interest

    total $948 · management and general $948

  • 22 · Depreciation, depletion and amortization

    total $108,780 · program services $54,390 · management and general $54,390

  • 23 · Insurance

    total $3,054 · management and general $3,054

  • 24a · Other expenses: REPAYMENT OF LEASE INCO

    total $100,991 · program services $100,991

  • 24b · Other expenses: EQUIPMENT, LEASE & REPA

    total $11,745 · program services $4,008 · management and general $7,737

  • 24c · Other expenses: TRAINING

    total $6,712 · program services $6,041 · management and general $671

  • 24d · Other expenses: DUES & SUBSCRIPTIONS

    total $3,108 · program services $2,797 · management and general $311

  • 24e · All other expenses

    total $792 · program services $91 · management and general $701

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,807,913 · end of year $1,435,069

  • 4 · Accounts receivable

    beginning of year $211,410 · end of year $163,035

  • 7 · Other notes and loans receivable

    beginning of year $3,912,073 · end of year $3,793,372

  • 9 · Prepaid expenses and deferred charges

    beginning of year $16,442 · end of year $15,988

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

    $3,990,610

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

    $680,573

  • 10c · Land, buildings and equipment, net

    beginning of year $3,430,260 · end of year $3,310,037

  • 12 · Investments: other securities

    beginning of year $7,114,520 · end of year $7,648,813

  • 17 · Accounts payable and accrued expenses

    beginning of year $388,078 · end of year $606,743

  • 19 · Deferred revenue

    beginning of year $159,206 · end of year $140,899

  • 21 · Escrow or custodial account liability

    beginning of year $6,854,818 · end of year $6,908,247

  • 25 · Other liabilities

    beginning of year $73,980 · end of year $36,862

  • 27 · Net assets without donor restrictions

    beginning of year $530,665 · end of year $467,650

  • 28 · Net assets with donor restrictions

    beginning of year $8,485,871 · end of year $8,205,913

Mission and programs · 2023

Mission

IN CONCERT WITH THE CITY OF JAMESTOWN AND STUTSMAN COUNTY AND UTILIZING THEIR SUPPLIED FUNDNG, JSDC IS DEDICATED TO AREA ECONOMIC DEVELOPMENT GROWTH AND DIVERSIFICATION WITH SPECIFIC FOCUS ON INCREASING AND/OR PRESERVING PRIMARY SECTOR JOBS, BUSINESS AND INDUSTRIAL DEVELOPMENT, CREATING, FOSTERING, AND MAINTAINING BUSINESS AND TRADE ACTIVITIES, ENCOURAGING AND PROVIDING INCENTIVES FOR BUSINESS ENTREPRENEURS TO LOCATE/RELOCATE TO OUR COMMUNITY

Activities or mission (Part I)

ECONOMIC DEVELOPMENT

  • ATTRACT NEW BUSINESS AND INDUSTRY AND SUPPORT EXISTING BUSINESS AND INDUSTRY

    Expenses $2,277,468 · Grants $1,745,041 · Revenue $113,170

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • David Steele

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Levi Taylor

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Rod Johnson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dwaine Heinrich

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jen Dockter

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Mark Klose

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jeremy Rham

    SECRETARY - TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Tonya Perkins

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Casey Henderson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Mike Delfs

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Marlee Siewert

    PAST PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Tory Hart

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Nick Schauer

    VICE PRESIDENT

    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

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.

  • SPIRITWOOD ENERGY PARK ASSOCIATION

    LEASING · LEASING · ND · 78.01% owned · share of income -$79,629 · share of assets $21,570,166 · general or managing partner

Provenance

Return type
form_990
Tax year
2023
Filed
7 August 2024
IRS schema version
2023v5.1
Source object
202412699349301531

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