Totals
- Total revenue
- $4,174,632
- Total expenses
- $2,993,315
- Contributions and grants received
- $3,518,840
- Grants paid
- $1,852,034
- Program service revenue
- $411,532
- Investment income
- $16,688
- Other revenue
- $227,572
- Total assets, end of year
- $9,680,780
- Total liabilities, end of year
- $4,104,135
- Net assets or fund balances, end of year
- $5,576,645
- Program services expenses (Part IX)
- $2,690,706
- Management and general expenses
- $302,609
- Fundraising expenses
- $0
- Program service expenses (Part III)
- not reported
Program services were 89.9% 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
$280,338
-
1e · Government grants (contributions)
$3,156,269
-
1f · All other contributions, gifts and grants
$82,233
-
1g · Noncash contributions included above
$19,631
-
2a · Program service revenue: WESTBROOK TIF INCOME
total $385,803 · related or exempt $385,803
-
2b · Program service revenue: PROGRAM INITIATIVES
total $25,049 · related or exempt $25,049
-
2c · Program service revenue: SPECIAL PROJECTS - TOURISM
total $680 · related or exempt $680
-
3 · Investment income
total $16,688 · excluded $16,688
-
6a · Gross rents
real property $9,376
-
6c · Rental income or loss
real property $9,376
-
6d · Net rental income or loss
total $9,376 · excluded $9,376
-
11a · Other revenue: NET PRESENT VALUE & ALLOW-PTG
total $156,550 · related or exempt $156,550
-
11b · Other revenue: ADVERTISING INCOME
total $28,797 · related or exempt $28,797
-
11c · Other revenue: OTHER INCOME - BUS SERV
total $23,066 · related or exempt $23,066
-
11d · All other revenue
total $9,783 · related or exempt $23,200 · unrelated business -$13,417
-
11e · Other revenue, total
$218,196
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $1,852,034 · program services $1,852,034
-
5 · Compensation of officers, directors and key employees
total $211,710 · program services $126,962 · management and general $84,748
-
7 · Other salaries and wages
total $319,623 · program services $191,693 · management and general $127,930
-
8 · Pension plan contributions
total $15,453 · program services $10,449 · management and general $5,004
-
9 · Other employee benefits
total $36,314 · program services $21,301 · management and general $15,013
-
10 · Payroll taxes
total $42,120 · program services $24,605 · management and general $17,515
-
11b · Fees: legal
total $64,775 · program services $59,070 · management and general $5,705
-
12 · Advertising and promotion
total $123,090 · program services $123,090
-
13 · Office expenses
total $81,490 · program services $48,894 · management and general $32,596
-
20 · Interest
total $36,553 · program services $36,553
-
22 · Depreciation, depletion and amortization
total $22,128 · program services $14,028 · management and general $8,100
-
23 · Insurance
total $14,994 · program services $8,996 · management and general $5,998
-
24a · Other expenses: PROGRAM INITIATIVES
total $49,692 · program services $49,692
-
24b · Other expenses: CHILD CARE STUDY
total $46,046 · program services $46,046
-
24c · Other expenses: OTHER OPERATING COSTS
total $42,079 · program services $42,079
-
24d · Other expenses: COMMUNITY DEV.
total $33,245 · program services $33,245
-
24e · All other expenses
total $1,969 · program services $1,969
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $882,850 · end of year $689,330
-
3 · Pledges and grants receivable
beginning of year $2,082,098 · end of year $1,665,342
-
4 · Accounts receivable
beginning of year $193,203 · end of year $254,878
-
6 · Loans and receivables from disqualified persons
beginning of year $29,535
-
7 · Other notes and loans receivable
beginning of year $35,000
-
8 · Inventories for sale or use
beginning of year $961,746 · end of year $965,643
-
9 · Prepaid expenses and deferred charges
beginning of year $14,232 · end of year $13,780
-
10a · Land, buildings and equipment: cost or other basis
$987,607
-
10b · Land, buildings and equipment: accumulated depreciation
$651,159
-
10c · Land, buildings and equipment, net
beginning of year $738,106 · end of year $336,448
-
13 · Investments: program-related
beginning of year $804,384 · end of year $5,576,204
-
14 · Intangible assets
beginning of year $3,909 · end of year $27,963
-
15 · Other assets
end of year $151,192
-
17 · Accounts payable and accrued expenses
beginning of year $40,447 · end of year $1,014,076
-
18 · Grants payable
beginning of year $321,204 · end of year $169,085
-
19 · Deferred revenue
beginning of year $103,035 · end of year $104,632
-
22 · Loans and payables to officers and key people
beginning of year $46,400
-
23 · Secured mortgages and notes payable
beginning of year $153,044 · end of year $100,000
-
24 · Unsecured notes and loans payable
beginning of year $455,413 · end of year $1,795,527
-
25 · Other liabilities
end of year $920,815
-
27 · Net assets without donor restrictions
beginning of year $2,188,993 · end of year $3,138,694
-
28 · Net assets with donor restrictions
beginning of year $2,436,527 · end of year $2,437,951
Mission and programs · 2023
Mission
TO PROVIDE LEADERSHIP IN FOSTERING EFFICIENT GROWTH OF THE YANKTON AREA ECONOMY.
-
PROMOTED & IMPLEMENTED BUSINESS & TOURISM PROGRAMS TO GREATER YANKTON AREA
-
IMPLEMENT WORKFORCE AND EMPLOYEE RETENTION/RECRUITMENT INTIATIVES FOR EXPANSION OF YANKTON ECONOMIC DEVELOPMENT AND LOCAL BUSINESSES.
-
GRANTED MONEY & DEVELOPED PROGRAMS FOR BUSINESSES AND NONPROFITS AS AN INCENTIVE TO CREATE ECONOMIC DEVELOPMENT IN THE YANKTON AREA.
-
TO PROMOTE YANKTON AREA BUSINESSES
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Nancy WenandeNANCY WENANDE
CEO/PRESIDEN
- Total calculated
- $131,675
- From this org
- $131,675
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Brian StewardBRIAN STEWARD
TREASURER
- Total calculated
- $80,035
- From this org
- $80,035
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Brad WenandeBRAD WENANDE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Blake CardaBLAKE CARDA
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Dan SpechtDAN SPECHT
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 5
-
Doug EkerenDOUG EKEREN
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 5
-
Mandi GauseMANDI GAUSE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
James GrotenhuisJAMES GROTENHUIS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Brad HoferBRAD HOFER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Don KetteringDON KETTERING
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Wayne KindleWAYNE KINDLE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Kelly KneiflKELLY KNEIFL
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Ken KopetskyKEN KOPETSKY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Amy LeonAMY LEON
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 5
-
Jeff LoeckerJEFF LOECKER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
David LohseDAVID LOHSE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Marcus LongMARCUS LONG
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Lynn PetersonLYNN PETERSON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Mike MarlowMIKE MARLOW
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Kevin MoeKEVIN MOE
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 5
-
Stephanie MoserSTEPHANIE MOSER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Peggy OlsonPEGGY OLSON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Barb RezacBARB REZAC
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Rob StephensonROB STEPHENSON
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 5
-
Mason SchrammMASON SCHRAMM
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Steve SloweySTEVE SLOWEY
BOARD MEMBER
- 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
-
CITY OF YANKTON
$1,088,864
DEVELOPMENT
-
MENARDS
$411,821
SALES TAX INCENTIVE
-
NEXT DEVELOPMENT SOLUTIONS
$124,740
LAND DEVELOPMENT
-
$124,523
FIELDHOUSE
-
MANITOU GROUP AMERICAS
$33,755
SALES TAX INCENTIVE
-
BLUE 14 LLC
$26,033
SALES TAX INCENTIVE
-
MR MICHAEL KVARDA
$12,845
SALES TAX INCENTIVE
-
EVENT CENTRAL
$5,572
OPERATIONS
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.
-
LONGBOW LLLP YANKTON DEVELOPMENT CORPORATION
237210 · SD · 50% owned
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
YANKTON DEVELOPMENT CORPORATION YANKTON THRIVE INC
813000 · SD
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 6 February 2025
- IRS schema version
- 2023v6.0
- Source object
- 202510449349300031
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