Grant County Development Corporation

Not tax-deductible

Milbank, SD501(c)(4)EIN 36-3452396

This page gets seen. Tell your story. Claim this org.

The goal of the organization is to promote, encourage, and advance the Development of private enterprise, community Development, area tourism, industry & business, in Grant County, SD.

96¢ of each $1 spent went to programs.
$95K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(4)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $152K a year · 26% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
96%
of spending
Looks good: 96% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$95K
to officers and key staff · 10% of spending
Looks good: pay to officers and key staff is 10% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
18 mo
of spending, in cash
Looks good: 18.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $4K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$626K
31% of total assets
Looks good: liabilities are 31% of assets; 50% or less.
Pt X · Ln 26
Independent board members
15
of 15 voting members
Looks good: 15 of 15 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.2M
+32% vs prior year
Spent
$909K
To programs
96%
Net assets
$1.4M
By yearFY2020–FY2024
Revenue
$1.2M
FY2024▲ +32%
Revenue by fiscal year
FY2020$304K
FY2021$151K
FY2022$430K
FY2023$872K
FY2024$1.2M
Expenses
$909K
FY2024▲ +50%
Expenses by fiscal year
FY2020$401K
FY2021$121K
FY2022$112K
FY2023$608K
FY2024$909K
Net assets
$1.4M
FY2024▲ +21%
Net assets by fiscal year
FY2020$526K
FY2021$557K
FY2022$874K
FY2023$1.1M
FY2024$1.4M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Sep 1986.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

96 cents of each dollar spent went to programs.

Program services 96% · $875K Management & general 4% · $34K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? The org can add a note here. Request edit privileges.

Who runs it and what they're paid

17 people listed on the 990; $95K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Di
$70,600Pt VII · Sec A
$24,812Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Traci Stein$70,600————
Krista Ateyo-Gortmaker$24,812$65,000———
Krista Atyeo-Gortmaker——$64,594$59,800$9,964

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Grant County Development Corporation executive salaries →

Are you one of these people? Claim this org to confirm your role

Something off? The org can add a note here. Request edit privileges.

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Boosts private enterprise, community development, tourism, and business in Grant County, SD.

Provided by the organization

Know this organization? Claim it to add your story

2 programs · $875K · in their own filed words · FY2024
01

The economic development program is dedicated to the development of private enterprise, local employment opportunities, area tourism and community growth through the expansion of business and industry in grant county, south dakota.

$868Kprogram expense
02

The intermediary relending program provides low interest loans to local intermediaries that re-lend to businesses and for community development projects in rural communities.

$7Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2020
Total grants receivedfrom 1 funder$4K
Grants paid · 5 grants · $1.5M · 2020–2024
Jag Development LLCFY2024$372,018
Janmark INCFY2024$350,000
Jag Development LLCFY2023$500,000
Rosewood Apts LLCFY2020$222,848
Milbank Chamber of CommerceFY2020$43,000

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$1.2M
Ln 12
Gifts and grantsLn 1h$1.1M
Investment incomeLn 3$35K
Fees for servicesLn 2g$12K
Money outPt IX
$909K
Ln 25
Programscol B$875K
Managementcol C$34K
Owns and owesPt X
$1.4M
net assets · Ln 32
Cash and savingsLn 1–2$1.4M
Total assetsLn 16$2.0M
LiabilitiesLn 26$626K
PeoplePt VI, VII
17
listed · VII A
PaidVII A2
Voting boardVI 1a15
IndependentVI 1b15
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.1M
Government grantsLn 1e$1.1M
Fees for servicesLn 2g$12K
Investment incomeLn 3$35K
Total revenueLn 12$1.2M
Assets in detailPt X, end of year
CashLn 1$39K
SavingsLn 2$1.3M
Cash and savings togetherLn 1–2$1.4M
Other assetsLn 15$6K
Total assetsLn 16$2.0M
LiabilitiesLn 26$626K
Net assetsLn 32$1.4M
OperationsPt I, VI
EmployeesI 52
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$641K$1.4M
Total assetsLn 16$1.3M$2.0M
LiabilitiesLn 26$117K$626K
Net assetsLn 32$1.1M$1.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$722K$722K
Pay of current officers, directors and key staffLn 5$95K$70K$26K
Payroll taxesLn 10$7K$5K$2K
Legal feesLn 11b$7K$6K$1K
Accounting feesLn 11c$9K$7K$2K
Other fees for servicesLn 11g$362$287$75
Advertising and promotionLn 12$2K$2K$118
Office expensesLn 13$2K$1K$448
TravelLn 17$467$350$117
Conferences, conventions and meetingsLn 19$3K$2K$681
InterestLn 20$9K$9K
Other expenses (24a–d)Ln 24$52K$50K$2K
Total functional expensesLn 25$909K$875K$34K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $1.2M$909K$244K$1.4M 990 PDF
FY2023 $872K$608K$264K$1.1M 990 PDF
FY2022 $430K$112K$317K$874K 990 PDF
FY2021 $151K$121K$30K$557K 990 PDF
FY2020 $304K$401K−$98K$526K 990 PDF

Want to add your own materials alongside these filings? Claim this org

Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (5 parts)
Part I · Summary $1,153,698 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $848,177$1,107,150
I-9 Program service revenuePrior year $1,527$11,835
I-10 Investment incomePrior year $22,379$34,713
I-11 Other revenue$0
I-12 Total revenuePrior year $872,083$1,153,698
I-13 Grants and similar amounts paidPrior year $500,000$722,018
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $70,320$101,990
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $37,364$85,323
I-18 Total expensesPrior year $607,684$909,331
I-19 Revenue less expensesPrior year $264,399$244,367
Part VIII · Statement of revenue $1,153,698 across 5 lines filed
VIII-1e Government grants$1,107,150
VIII-1h Total contributions, gifts and grants$1,107,150
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $11,835$11,835
VIII-3 Investment incomeExcluded from tax $34,713$34,713
VIII-12 Total revenueRelated to mission $11,835 · Excluded from tax $34,713$1,153,698
Part IX · Statement of functional expenses $909,331 across 12 lines filed
IX-1 Grants to domestic organizationsPrograms $722,018$722,018
IX-5 Pay of current officers, directors and key staffPrograms $69,889 · Management $25,523$95,412
IX-10 Payroll taxesPrograms $4,819 · Management $1,759$6,578
IX-11b Legal feesPrograms $6,015 · Management $1,348$7,363
IX-11c Accounting feesPrograms $6,728 · Management $2,119$8,847
IX-11g Other fees for servicesPrograms $287 · Management $75$362
IX-12 Advertising and promotionPrograms $2,253 · Management $118$2,371
IX-13 Office expensesPrograms $1,345 · Management $448$1,793
IX-17 TravelPrograms $350 · Management $117$467
IX-19 Conferences, conventions and meetingsPrograms $2,045 · Management $681$2,726
IX-20 InterestPrograms $9,207$9,207
IX-24 Other expenses (24a–d)Programs $50,215 · Management $1,972$52,187
IX-25 Total functional expensesPrograms $875,171 · Management $34,160 · Fundraising $0$909,331
Part X · Balance sheet $2,008,509 assets, 13 lines filed
Asset lines not itemized here account for $136,829; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $175$39,368
X-2 Savings and temporary cash investmentsStart of year $640,556$1,326,981
X-4 Accounts receivableStart of year $8,762$5,090
X-8 Inventories for sale or useStart of year $89,852$489,852
X-9 Prepaid expenses and deferred charges$4,383
X-15 Other assets$6,006
X-16 Total assetsStart of year $1,255,904$2,008,509
X-17 Accounts payable and accrued expensesStart of year $1,438$2,892
X-26 Total liabilitiesStart of year $117,432$625,670
X-27 Net assets without donor restrictionsStart of year $588,033$266,393
X-28 Net assets with donor restrictionsStart of year $550,439$1,116,446
X-32 Total net assets or fund balancesStart of year $1,138,472$1,382,839
X-33 Total liabilities and net assetsStart of year $1,255,904$2,008,509
Part XI · Reconciliation of net assets $1,382,839 net assets at year end
XI-1 Total revenue$1,153,698
XI-2 Total expenses$909,331
XI-3 Revenue less expenses$244,367
XI-4 Net assets at start of year$1,138,472
XI-10 Net assets at end of year$1,382,839

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

Keep this kind of thing free
Keep public charity data easy to read.

Free to the public, because obviously. Like this? Pay it forward. Don't like this? Help us get better.

Card, Apple Pay or Google Pay through Stripe. One time.
Keep this kind of thing free
Keep public charity data easy to read.

Free to the public, because obviously. Like this? Pay it forward. Don't like this? Help us get better.

Card, Apple Pay or Google Pay through Stripe. One time.

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.