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St Cloud Opportunities INC FY2022 filing

Not tax-deductible

Saint Cloud, MN501(c)(6)EIN 41-6033636Revenue $1.2M in FY2022

On file with the IRSstcloudopportunities.orgPo Box 7716, 56302-7716 · Saint Cloud, MNTax-exempt since Mar 1961

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To provide jobs in the St. Cloud area by attracting industry into the area.

Mission: Form 990 Part I, line 1

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FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(6)
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
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
6 of 6
filings with a surplus
Average surplus $259K a year · 93% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Cash reserves
2188 mo
of spending, in cash
Looks good: 2188.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$300K
5% of total assets
Looks good: liabilities are 5% of assets; 50% or less.
Pt X · Ln 26
Independent board members
23
of 23 voting members
Looks good: 23 of 23 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
×25 vs prior year
Spent
$11K
Net assets
$5.8M
By yearFY2020–FY2025
Revenue
$1.2M
FY2022▲ ×25
Tap a bar for its year
Revenue by fiscal year
FY2020$50K
FY2021$46K
FY2022$1.2M
FY2023$74K
FY2024$141K
FY2025$187K
Expenses
$11K
FY2022▼ -41%
Tap a bar for its year
Expenses by fiscal year
FY2020$14K
FY2021$18K
FY2022$11K
FY2023$17K
FY2024$40K
FY2025$12K
Net assets
$5.8M
FY2022▲ +19%
Tap a bar for its year
Net assets by fiscal year
FY2020$4.3M
FY2021$4.9M
FY2022$5.8M
FY2023$5.6M
FY2024$5.9M
FY2025$6.3M

From the FY2022 Form 990 (year ending June 2022) · see the original

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You’re viewing the FY2022 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 1961.

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

Who runs it and what they're paid

24 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
Goddard Tony
Executive Director
$0Pt VII · Sec A
Feneis Steve
President
$0Pt VII · Sec A
Bechtold Gary
Vice President
$0Pt VII · Sec A
Torborg Tim
Vice President
$0Pt VII · Sec A
Laraway Steve
Secretary-Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Bogard Bob
Director
$0Pt VII · Sec A
Conlon Bill
Director
$0Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2023FY2021
Goddard Tony$3,784$1,200$1,200

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 15aNo

Programs and updates

Attracts industry to create jobs in the St. Cloud area.

Questions for St Cloud Opportunities INC

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Provided by the organization

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1 program · in their own filed words · FY2021
01

Develop Business Park Properties

Provide jobs in the ST. Cloud area by attracting industry into the area with land availability for building and expansion.

Pt IX · col B

By the numbers

The FY2022 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$1.2M
Ln 12
Investment incomeLn 3$1.2M
Other incomeLn 4–11$316
Fees for servicesLn 2g$275
Money outPt IX
$11K
Ln 25
Owns and owesPt X
$5.8M
net assets · Ln 32
Cash and savingsLn 1–2$2.0M
Total assetsLn 16$6.1M
LiabilitiesLn 26$300K
PeoplePt VI, VII
24
listed · VII A
PaidVII A0
Voting boardVI 1a23
IndependentVI 1b23
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$275
Investment incomeLn 3$1.2M
Other incomeLn 4–11$316
Gains on assetsLn 7$1.1M
Total revenueLn 12$1.2M
Assets in detailPt X, end of year
SavingsLn 2$2.0M
Cash and savings togetherLn 1–2$2.0M
InvestmentsLn 11–13$2.4M
Land, buildings, equipmentLn 10c$1.1M
Total assetsLn 16$6.1M
LiabilitiesLn 26$300K
Net assetsLn 32$5.8M
OperationsPt I, VI
EmployeesI 50
VolunteersI 632
Fiscal year endsHeaderJune
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 FY22End FY22
Cash and savingsLn 1–2$1.2M$2.0M
InvestmentsLn 11–13$2.6M$2.4M
Land, buildings, equipmentLn 10c$435K$1.1M
Total assetsLn 16$4.9M$6.1M
LiabilitiesLn 26$0$300K
Net assetsLn 32$4.9M$5.8M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other fees for servicesLn 11g$3K
Office expensesLn 13$201
OccupancyLn 16$788
TravelLn 17$1K
InsuranceLn 23$1K
Other expenses (24a–d)Ln 24$5K
Total functional expensesLn 25$11K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $187K$12K$175K$6.3M 990 PDF
FY2024 $141K$40K$101K$5.9M 990 PDF
FY2023 $74K$17K$57K$5.6M 990 PDF
FY2022 Viewing $1.2M$11K$1.2M$5.8M 990 PDF
FY2021 $46K$18K$28K$4.9M 990 PDF
FY2020 $50K$14K$36K$4.3M 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 FY2022 990 (6 parts)
Part I · Summary $1,167,209 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $900$275
I-10 Investment incomePrior year $45,350$1,166,618
I-11 Other revenuePrior year $0$316
I-12 Total revenuePrior year $46,250$1,167,209
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $1,200$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $16,954$10,720
I-18 Total expensesPrior year $18,154$10,720
I-19 Revenue less expensesPrior year $28,096$1,156,489
Part VI · Governance 23 of 23 board members independent, 3 to look at
VI-1a Voting members of the governing body23
VI-1b Independent voting members23
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $1,167,209 across 5 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $275$275
VIII-3 Investment incomeExcluded from tax $59,146$59,146
VIII-7 Net gain or loss on sales of assetsRelated to mission $1,107,472$1,107,472
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $316$316
VIII-12 Total revenueRelated to mission $1,107,747 · Unrelated business $0 · Excluded from tax $59,462$1,167,209
Part IX · Statement of functional expenses $10,720 across 6 lines filed
IX-11g Other fees for services$2,600
IX-13 Office expenses$201
IX-16 Occupancy$788
IX-17 Travel$1,102
IX-23 Insurance$1,348
IX-24 Other expenses (24a–d)$4,681
IX-25 Total functional expenses$10,720
Part X · Balance sheet $6,098,824 assets, 8 lines filed
Asset lines not itemized here account for $650,000; see the IRS return.
X-2 Savings and temporary cash investmentsStart of year $1,175,792$1,954,660
X-10c Land, buildings and equipment, netStart of year $435,208$1,053,851
X-12 Other securitiesStart of year $2,610,538$2,440,313
X-16 Total assetsStart of year $4,871,538$6,098,824
X-26 Total liabilitiesStart of year $0$300,000
X-27 Net assets without donor restrictionsStart of year $4,871,538$5,798,824
X-32 Total net assets or fund balancesStart of year $4,871,538$5,798,824
X-33 Total liabilities and net assetsStart of year $4,871,538$6,098,824
Part XI · Reconciliation of net assets $5,798,824 net assets at year end
XI-1 Total revenue$1,167,209
XI-2 Total expenses$10,720
XI-3 Revenue less expenses$1,156,489
XI-4 Net assets at start of year$4,871,538
XI-5 Net unrealized gains (losses) on investments−$229,203
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$5,798,824

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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