South Central Development is located in Winner, SD. The organization was established in 1988. According to its NTEE Classification (S02) the organization is classified as: Management & Technical Assistance, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. South Central Development 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 12/2022, South Central Development generated $45.9k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 10.3% each year . All expenses for the organization totaled $64.6k during the year ending 12/2022. While expenses have increased by 2.1% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTE ECONOMIC DEVELOPMENT
Describe the Organization's Program Activity:
Part 3 - Line 4a
MAINTAINS A REVOLVING LOAN FUND. CURRENTLY THEY HAVE TWELVE LOW-INTEREST LOANS THEY ARE MAINTAINING.
THEY HAVE AN ONGOING EFFORT WORKING TO ENCOURAGE BUSINESSES TO LOCATE TO THE WINNER, SD, AREA.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Kelly Meiners President | OfficerTrustee | $0 | |
James Mathis Vice Preside | OfficerTrustee | $0 | |
Dan Patmore Secretary | OfficerTrustee | $0 | |
Blake Tideman Treasurer | OfficerTrustee | $0 | |
John Meyer Board Member | Trustee | $0 | |
Craig Schaeffer Board Member | Trustee | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $30,000 |
All other contributions, gifts, grants, and similar amounts not included above | $0 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $30,000 |
Total Program Service Revenue | $14,515 |
Investment income | $1,389 |
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 | $45,904 |
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. | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $0 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $0 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $1,552 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $134 |
Office expenses | $508 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $3,773 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $1,245 |
All other expenses | $398 |
Total functional expenses | $64,554 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $20,951 |
Savings and temporary cash investments | $362,653 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $0 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $486,004 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $0 |
Net Land, buildings, and equipment | $18,269 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $22,990 |
Total assets | $910,867 |
Accounts payable and accrued expenses | $0 |
Grants payable | $0 |
Deferred revenue | $0 |
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 | $0 |
Other liabilities | $0 |
Total liabilities | $0 |
Net assets without donor restrictions | $0 |
Net assets with donor restrictions | $0 |
Capital stock or trust principal, or current funds | $96,775 |
Paid-in or capital surplus, or land, building, or equipment fund | $1,375 |
Retained earnings, endowment, accumulated income, or other funds | $812,717 |
Total liabilities and net assets/fund balances | $910,867 |
Organization Name | Assets | Revenue |
---|---|---|
Ifbf Property Management Inc West Des Moines, IA | $66,458,037 | $20,324,859 |
Middle Management Association St Paul, MN | $2,377,760 | $1,336,699 |
Unclaimed Property Professionals Organization Inc Golden Valley, MN | $919,733 | $1,026,456 |
Product Development & Management Association St Paul, MN | $747,589 | $1,073,754 |
Duluth Builders Exchange Duluth, MN | $0 | $690,985 |
Billings Builders Exchange Inc Billings, MT | $1,461,542 | $433,235 |
Twin Cities Society Of Human Resource Management Minneapolis, MN | $500,674 | $464,134 |
Project Management Institute New Brighton, MN | $1,003,818 | $494,780 |
Montana Professional Assistance Program Inc Billings, MT | $0 | $0 |
50th & France Business & Professional Assn Edina, MN | $89,710 | $219,587 |
Minnesota Association For Financial Professionals Isanti, MN | $187,270 | $0 |
Project Management Institute Omaha, NE | $119,398 | $0 |