Greater St Cloud Development Corporation is located in St Cloud, MN. The organization was established in 2012. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Greater St Cloud Development Corporation employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Greater St Cloud Development Corporation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Greater St Cloud Development Corporation generated $950.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.7%) each year. All expenses for the organization totaled $1.0m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (8.2%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO LEAD INCLUSIVE & EQUITABLE ECONOMIC DEVELOPMENT FOR THE BENEFIT OF THE GREATER ST CLOUD COMMUNITY
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY DEVELOPMENT - IN RESPONSE TO THE MASSIVE CHALLENGES PRESENTED BY THE COVID-19 PANDEMIC EVENT, GSDC SHIFTED ITS USUAL COMMUNITY AND BUSINESS DEVELOPMENT STRATEGIES AND ASSISTANCE TO IMMEDIATELY ASSIST HUNDREDS OF DEVASTED AREA COMPANIES, ORGANIZATIONS AND EMPLOYEES/JOB SEEKERS TO ACCESS PANDEMIC RELATED ASSISTANCE AND CRITICAL INFORMATION AND RESOURCES TO HELP NAVIGATE THE CONTINUING IMPACTS OF THE PANDEMIC. ADDITIONALLY, IN ORDER TO ATTRACT, RETAIN AND EXPAND BUSINESSES WITHIN THE REGION, THE GSDC IS FOCUSED ON BUILDING AND DEVELOPING THE COMMUNITY THROUGH MULTIPLE STRATEGIC INITIATIVES THAT SUPPORT BUSINESS DEVELOPMENT: 1) IMPROVE ACCESS TO THE REGION BY EXPANDING THE REGIONAL TRANSPORTATION INFRASTRUCTURE, GSDC SUCCESSFULLY LED EFFORTS TO SECURE $250,000 OF FUNDING TO COMPLETE AIRPORT OPTIMIZATION STUDY AND IMPLEMENTATION STRATEGY FOR THE ST CLOUD REGIONAL AIRPORT WHICH LED TO APPROVAL BY THE COUNTIES OF BENTON, SHERBURNE AND STEARNS AND THE CITY OF ST. CLOUD TO CREATE A REGIONAL AIRPORT AUTHORITY AND BY THE FEDERAL AVIATION ADMINISTRATION. GDSC ALSO COLLABORATES WITH THE I-94 WEST COALITION TO PROMOTE CONTINUED EXPANSION OF I-94 FROM THE TWIN CITIES TO THE ST CLOUD REGION. 2) GSDC SUCCESSFULLY COMPLETED A COMPREHENSIVE UPDATE AND REFRESH TO THE DIGITAL MARKETING TOOLS (WWW.STCLOUDSHINES.COM AND WWW.GREATERSTCLOUD.COM) USED TO PROMOTE THE REGION FOR TALENT AND BUSINESS ATTRACTION, RETENTION AND EXPANSION INCLUDING CONTINUATION OF AN EXPANSIVE SOCIAL MEDIA CAMPAIGN THAT HAS GARNERED MORE THAN 155 MILLION IMPRESSIONS VIA FACEBOOK AND INSTAGRAM SINCE ITS LAUNCH IN 2019. 3) GSDC CONTINUES TO HOST AND SUPPORT THE HARVARD BASED YOUNG AMERICAN LEADERS COHORT INITIATIVE. 4) GSDC PARTICIPATED IN THE FEDERAL RESERVE BANK OF PHILADELPHIA SECOND ITERATION OF THEIR 'REINVENTING OUR COMMUNITIES' PROGRAM. 5) GSDC CONTINUES TO COLLABORATE WITH THE DOWNTOWN COUNCIL ORGANIZATION IN PROMOTING REVITALIZATION EFFORTS FOR THE DOWNTOWN ST. CLOUD REGION. 6) GSDC SOLICITED AND RECOGNIZED FOUR COMPANIES/ORGANIZATIONS WITH INNOVATION AWARDS. 7) GSDC ALSO PARTNERED IN LEADING THE SUCCESSFUL EXECUTION OF TEDX ST. CLOUD 2021 IN A VIRTUAL FORMAT. 8) GSDC CONTINUES TO LEAD AND CONVENE COMMUNITY LEADERS IN EFFORTS TO ADDRESS DIVERSITY, EQUITY, AND INCLUSION NEEDS IN THE REGION THAT WILL LEAD TO EVENTUAL ELIMINATION OF THE RACIAL DISPARITIES GAP. GSDC ASSISTED PARTNER ORGANIZATIONS IN SUBMITTING A 'MAIN STREET ECONOMIC REVITALIZATION PROGRAM' FUNDING PROPOSAL TO ASSIST DESIGNATED CORRIDORS IN ST. CLOUD'S DOWNTOWN AREA TO MITIGATE IMPACTS SINCE THE ONSET OF THE PANDEMIC.
BUSINESS RETENTION AND EXPANSION - THE GSDC CONTINUES TO TAKE A LEADERSHIP ROLE IN PARTNERING WITH LOCAL CITIES, COUNTIES AND CHAMBERS OF COMMERCE TO DEPLOY STANDARDIZED, REGIONAL PROCESSES FOR BUSINESS RETENTION AND EXPANSION. THE GSDC HAS DEVELOPED THESE STREAMLINED PROCESSES BASED ON BEST PRACTICES, STANDARD TOOLS AND TECHNOLOGY. IN 2021, THE GSDC CONDUCTED MORE THAN 42 VISITS AND/OR INTERVIEWS WITH LOCAL PRIMARY SECTOR BUSINESSES. GSDC ASSISTED IN SECURING $18,750 IN BUSINESS ASSISTANCE AWARDS (EXCLUDES PANDEMIC RELATED RESOURCES) PROCURED TO ASSIST BUSINESSES. GSDC LAUNCHED AND MAINTAINS AN ONLINE TUTORING PLATFORM TO SUPPORT KIDS AND FAMILIES DURING DISTANCE LEARNING AND BEYOND. GSDC FEATURED NEARLY 1,200 AREA EMPLOYERS AND MORE THAN 16,000 JOBS ON ITS WEBSITE TO HELP FACILITATE JOB SEEKERS WITH OPPORTUNITIES.
BUSINESS ATTRACTION AND START-UP - THE GSDC IS TAKING A LEADERSHIP POSITION IN PARTNERING WITH LOCAL CITIES, COUNTIES, AND THE STATE OF MN TO DEPLOY COLLABORATIVE REGIONAL PROCESS FOR BUSINESS ATTRACTION. GSDC IS AN ENGAGED MEMBER IN THE MN MARKETING PARTNERSHIP WHICH IS LED BY DEED TO ATTRACT BUSINESS TO MINNESOTA. GSDC ASSISTED 200+ ENTREPRENEURS AND STARTUPS THROUGH ITS DESIGNATION AS A NEW "LAUNCH MINNESOTA" HUB AND THROUGH ITS CONTRACTED ACCELERATOR SERVICES. GSDC ALSO RESPONDED TO 5 BUSINESS ATTRACTION INQUIRIES IN 2021 AND 161 COLLECTIVELY SINCE 2014.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Patti Gartland President | OfficerTrustee | 50 | $160,680 |
Mike Blair Treasurer | OfficerTrustee | 3 | $0 |
Brian Myres Board Chair | OfficerTrustee | 10 | $0 |
Ron Brandenburg Corporate Secretary | OfficerTrustee | 3 | $0 |
Joan Schatz Vice Chair, Talent Team Co | OfficerTrustee | 5 | $0 |
Rick Bauerly At-Large Director | Trustee | 2 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $871,765 |
Noncash contributions included in lines 1a–1f | $290 |
Total Revenue from Contributions, Gifts, Grants & Similar | $871,765 |
Total Program Service Revenue | $44,500 |
Investment income | $2,643 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $950,775 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $165,500 |
Compensation of current officers, directors, key employees. | $33,100 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $274,974 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $7,609 |
Payroll taxes | $33,094 |
Fees for services: Management | $54,970 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $31,880 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $45,311 |
Advertising and promotion | $109,532 |
Office expenses | $2,520 |
Information technology | $1,023 |
Royalties | $0 |
Occupancy | $97,901 |
Travel | $1,061 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $72,705 |
Interest | $3,955 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $13,559 |
Insurance | $203 |
All other expenses | $31 |
Total functional expenses | $1,010,207 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $615,544 |
Savings and temporary cash investments | $226,683 |
Pledges and grants receivable | $4,500 |
Accounts receivable, net | $41,958 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $41,676 |
Net Land, buildings, and equipment | $105,923 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $1,036,284 |
Accounts payable and accrued expenses | $44,744 |
Grants payable | $0 |
Deferred revenue | $193,110 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $0 |
Unsecured mortgages and notes payable | $41,344 |
Other liabilities | $238,723 |
Total liabilities | $517,921 |
Net assets without donor restrictions | $513,863 |
Net assets with donor restrictions | $4,500 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Retained earnings, endowment, accumulated income, or other funds | $0 |
Total liabilities and net assets/fund balances | $1,036,284 |
Over the last fiscal year, we have identified 6 grants that Greater St Cloud Development Corporation has recieved totaling $80,000.
Awarding Organization | Amount |
---|---|
Initiative Foundation Little Falls, MN PURPOSE: PROVIDE ANNUAL SUPPORT TO THE ECONOMIC DEVELOPMENT ORGANIZATION SERVING THE REGION'S LARGEST MARKET THROUGH BUSINESS SUPPORT, TALENT DEVELOPMENT AND RETENTION AND EFFORTS TO ADVANCE DIVERSITY, EQUITY AND INCLUSION. | $25,000 |
Initiative Foundation Little Falls, MN PURPOSE: SUPPORT THE MISSION OF THE ORGANIZATION | $16,000 |
Initiative Foundation Little Falls, MN PURPOSE: SUPPORT THE MISSION OF THE ORGANIZATION THROUGH A SEMI-ANNUAL GRANT | $16,000 |
J A Wedum Foundation Plymouth, MN PURPOSE: GENERAL OPERATION SUPPORT | $10,000 |
Central Minnesota Arts Board Foley, MN PURPOSE: PROJECT GRANT | $8,000 |
Bush Foundation St Paul, MN PURPOSE: TEDXSTCLOUD 2021 IS A LOCAL, INDEPENDENTLY ORGANIZED EVENT TO BRING THE GREATER ST. CLOUD COMMUNITY TOGETHER WITH A DIVERSE GROUP OF SPEAKERS ON A BROAD RANGE OF TOPICS INCLUDING "IDEAS WORTH SPREADING" | $5,000 |
Organization Name | Assets | Revenue |
---|---|---|
Southern Minnesota Initiative Foundation Owatonna, MN | $74,043,196 | $20,001,758 |
Vocational Development Center Inc Council Bluffs, IA | $12,984,673 | $16,204,305 |
Southern Iowa Economic Development Association Ottumwa, IA | $4,848,905 | $15,262,424 |
Wisconsin Dells Visitor & Convention Bureau Wisconsin Dells, WI | $26,952,168 | $17,110,395 |
Wbd Inc Madison, WI | $14,868,892 | $9,399,155 |
Metropolitan Economic Development Association Minneapolis, MN | $45,113,584 | $12,064,856 |
Great Plains Institute For Sustainable Development Minneapolis, MN | $9,896,004 | $8,891,636 |
Minneapolis - St Paul Regional Economic Development Partnership Saint Paul, MN | $5,371,081 | $6,502,146 |
Madison Development Corporation Madison, WI | $34,294,523 | $5,181,232 |
Center For Economic Inclusion Saint Paul, MN | $9,315,769 | $9,776,985 |
Greater Madison Convention & Visitor Bureau Inc Madison, WI | $7,711,633 | $4,933,152 |
Nextstage Bloomington, MN | $2,654,997 | $4,431,008 |