Yankton Thrive Inc
- Assets
- $5.7m
- Revenue
- $3.7m
- Investments
- $0.0
- Employees
- 10
- Location
- Yankton, SD
- Founding
- 11/1982
- Data as of
- 09/2023
- EIN
- 46-0348636
Organization Overview
Yankton Thrive Inc is located in Yankton, SD. The organization was established in 1982. According to its NTEE Classification (S46) the organization is classified as: Boards of Trade, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 09/2023, Yankton Thrive Inc employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Yankton Thrive Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 09/2023, Yankton Thrive Inc generated $3.7m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 23.1% each year . All expenses for the organization totaled $2.8m during the year ending 09/2023. While expenses have increased by 3.8% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Yankton Thrive Inc has awarded 56 individual grants totaling $8,576,393. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE LEADERSHIP IN FOSTERING EFFICIENT GROWTH OF THE YANKTON AREA ECONOMY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTED & IMPLEMENTED BUSINESS & TOURISM PROGRAMS TO GREATER YANKTON AREA
TO PROMOTE YANKTON AREA BUSINESSES
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nancy Wenande Ceo/presiden | Officer | 40 | $123,275 |
Brian Steward Treasurer | Officer | 40 | $77,435 |
Bridget Benson Board Member | Trustee | 1 | $0 |
Name Not Listed Board Member | Trustee | 1 | $0 |
Blake Carda Board Member | Trustee | 1 | $0 |
Name Not Listed Vice Chair | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $250,868 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,345,405 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,499,869 |
| Noncash contributions included in lines 1a–1f | $834,005 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,096,142 |
| Total Program Service Revenue | $421,138 |
| Investment income | $17,521 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $9,376 |
| 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 | $3,688,237 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $896,045 |
| 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. | $200,712 |
| Compensation of current officers, directors, key employees. | $100,356 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $308,921 |
| Pension plan accruals and contributions | $15,758 |
| Other employee benefits | $47,631 |
| Payroll taxes | $40,886 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $307,998 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $136,072 |
| Office expenses | $74,143 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $26,561 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $35,860 |
| Insurance | $14,938 |
| All other expenses | $0 |
| Total functional expenses | $2,845,124 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $882,850 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $2,082,098 |
| Accounts receivable, net | $193,203 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $29,535 |
| Notes and loans receivable | $35,000 |
| Inventories for sale or use | $961,746 |
| Prepaid expenses and deferred charges | $14,232 |
| Net Land, buildings, and equipment | $738,106 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $804,384 |
| Intangible assets | $3,909 |
| Other assets | $0 |
| Total assets | $5,745,063 |
| Accounts payable and accrued expenses | $40,447 |
| Grants payable | $321,204 |
| Deferred revenue | $103,035 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $46,400 |
| Secured mortgages and notes payable | $153,044 |
| Unsecured mortgages and notes payable | $455,413 |
| Other liabilities | $0 |
| Total liabilities | $1,119,543 |
| Net assets without donor restrictions | $2,188,993 |
| Net assets with donor restrictions | $2,436,527 |
| 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 | $5,745,063 |
Grants Awarded
Over the last fiscal year, Yankton Thrive Inc has awarded $873,476 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
CITY OF YANKTON PURPOSE: LAND TRANSFERS | $348,861 |
IHAH LLC PURPOSE: SALES TAX INCENTIVE | $24,015 |
MENARDS PURPOSE: SALES TAX INCENTIVE | $389,641 |
MOUNT MARTY UNIVERSITY PURPOSE: FIELDHOUSE | $110,959 |