Todd County Development Corporation FY2021 filing

Tax-deductible

Long Prairie, MN501(c)(3)Community DevelopmentEIN 41-1749726Revenue $241K in FY2021

On file with the IRStoddcountydevelopment.orgPo Box 247, 56347-0247 · Long Prairie, MNTax-exempt since Mar 2016Publicly supported charity — 170(b)(1)(A)(vi)

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Business Development and Education

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
$86K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
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
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 2
filings with a surplus
Average deficit $15K a year · 7% of revenue · last 2 filings
Worth a look: a surplus in 1 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$86K
to officers and key staff · 63% of spending
Concern: pay to officers and key staff is 63% of spending; over 30%.
Pt VII · Sec A
Cash reserves
19 mo
of spending, in cash
Looks good: 19.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 7 voting members
Concern: none of 7 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$241K
+55% vs prior year
Spent
$136K
To programs
100%
Net assets
$216K
By yearFY2020–FY2025
Revenue
$241K
FY2021▲ +55%
Tap a bar for its year
Revenue by fiscal year
FY2020$156K
FY2021$241K
FY2022$125K
FY2023$129K
FY2024$150K
FY2025$154K
Expenses
$136K
FY2021
Tap a bar for its year
Expenses by fiscal year
FY2020Not on file
FY2021$136K
FY2022Not on file
FY2023Not on file
FY2024Not on file
FY2025$288K
Net assets
$216K
FY2021▲ +93%
Tap a bar for its year
Net assets by fiscal year
FY2020$112K
FY2021$216K
FY2022$200K
FY2023$182K
FY2024$200K
FY2025$66K

From the FY2021 Form 990 · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Mar 2016.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $136K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

8 people listed on the 990; $86K paid to officers and key staff.

Part VII, Section A · reportable compensation
Exec Director
$86,075Pt VII · Sec A
$0Pt VII · Sec A
Vice Chairman
$0Pt VII · Sec A
Secreatary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Melissa Wyman’s $75K as Executive Director is at the 50th percentile of top reported officer pay among 1708 $100K–1M community development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

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

NameFY2025FY2024FY2023FY2022FY2021FY2020
Rick Utech—$44,499$98,423$90,000$86,075$86,688
Melissa Wyman$74,738$58,648————
Leah Wolkow$11,530—————

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.

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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

Helps businesses grow and people learn through development and education programs.

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Provided by the organization

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2 programs · $136K · in their own filed words · FY2021
01

Provide diverse communitu and economic development through education,

$106Kprogram expense
02

Provide loan to Two Rivers to increase their business

$30Kprogram expense

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$241K
Ln 12
Other incomeLn 4–11$141K
Gifts and grantsLn 1h$96K
Fees for servicesLn 2g$4K
Money outPt IX
$136K
Ln 25
Programscol B$136K
Owns and owesPt X
$216K
net assets · Ln 32
Cash and savingsLn 1–2$216K
Total assetsLn 16$216K
LiabilitiesLn 26$0
PeoplePt VI, VII
8
listed · VII A
PaidVII A1
Voting boardVI 1a7
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$96K
Government grantsLn 1e$75K
Fees for servicesLn 2g$4K
Investment incomeLn 3$54
Other incomeLn 4–11$141K
Total revenueLn 12$241K
Assets in detailPt X, end of year
CashLn 1$16K
SavingsLn 2$200K
Cash and savings togetherLn 1–2$216K
Total assetsLn 16$216K
LiabilitiesLn 26$0
Net assetsLn 32$216K
OperationsPt I, VI
EmployeesI 51
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$112K$216K
Total assetsLn 16$112K$216K
LiabilitiesLn 26$0$0
Net assetsLn 32$112K$216K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$30K$30K
Pay of current officers, directors and key staffLn 5$88K$88K
Payroll taxesLn 10$6K$6K
Accounting feesLn 11c$300$300
Advertising and promotionLn 12$6K$6K
Office expensesLn 13$689$689
OccupancyLn 16$778$778
TravelLn 17$692$692
Other expenses (24a–d)Ln 24$4K$4K
Total functional expensesLn 25$136K$136K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $154K$288K−$134K$66K 990 PDF
FY2024 $150K$200K 990 PDF
FY2023 $129K$182K 990 PDF
FY2022 $125K$200K 990 PDF
FY2021 Viewing $241K$136K$104K$216K 990 PDF
FY2020 $156K$112K 990 PDF

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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 FY2021 990 (6 parts)
Part I · Summary $240,504 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $86,200$96,133
I-9 Program service revenuePrior year $28,722$3,710
I-10 Investment incomePrior year $36$54
I-11 Other revenuePrior year $40,659$140,607
I-12 Total revenuePrior year $155,617$240,504
I-13 Grants and similar amounts paid$30,000
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $94,410$93,435
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $13,104$12,583
I-18 Total expensesPrior year $107,514$136,018
I-19 Revenue less expensesPrior year $48,103$104,486
Part VI · Governance 0 of 7 board members independent, 2 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members0
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $240,504 across 8 lines filed
VIII-1e Government grants$75,133
VIII-1f All other contributions, gifts and grants$21,000
VIII-1h Total contributions, gifts and grants$96,133
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $3,710$3,710
VIII-3 Investment incomeRelated to mission $54$54
VIII-8 Net income from fundraising events$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $140,607$140,607
VIII-12 Total revenueRelated to mission $144,371$240,504
Part IX · Statement of functional expenses $136,018 across 9 lines filed
IX-2 Grants to domestic individualsPrograms $30,000$30,000
IX-5 Pay of current officers, directors and key staffPrograms $87,580$87,580
IX-10 Payroll taxesPrograms $5,855$5,855
IX-11c Accounting feesPrograms $300$300
IX-12 Advertising and promotionPrograms $6,430$6,430
IX-13 Office expensesPrograms $689$689
IX-16 OccupancyPrograms $778$778
IX-17 TravelPrograms $692$692
IX-24 Other expenses (24a–d)Programs $3,694$3,694
IX-25 Total functional expensesPrograms $136,018 · Management $0 · Fundraising $0$136,018
Part X · Balance sheet $216,413 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $22,408$16,258
X-2 Savings and temporary cash investmentsStart of year $89,519$200,155
X-16 Total assetsStart of year $111,927$216,413
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $111,927$216,413
X-32 Total net assets or fund balancesStart of year $111,927$216,413
X-33 Total liabilities and net assetsStart of year $111,927$216,413
Part XI · Reconciliation of net assets $216,413 net assets at year end
XI-1 Total revenue$240,504
XI-2 Total expenses$136,018
XI-3 Revenue less expenses$104,486
XI-4 Net assets at start of year$111,927
XI-10 Net assets at end of year$216,413

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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