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St Cloud Opportunities INC FY2023 filing

Not tax-deductible

Saint Cloud, MN501(c)(6)EIN 41-6033636Revenue $74K in FY2023

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.

$1K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Pay: Part VII

Before you give

FY2023 · 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
Pay to officers and key staff
$1K
to officers and key staff · 7% of spending
Looks good: pay to officers and key staff is 7% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
958 mo
of spending, in cash
Looks good: 958.4 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
20
of 20 voting members
Looks good: 20 of 20 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$74K
-94% vs prior year
Spent
$17K
Net assets
$5.6M
By yearFY2020–FY2025
Revenue
$74K
FY2023▼ -94%
Tap a bar for its year
Revenue by fiscal year
FY2020$50K
FY2021$46K
FY2022$1.2M
FY2023$74K
FY2024$141K
FY2025$187K
Expenses
$17K
FY2023▲ +60%
Tap a bar for its year
Expenses by fiscal year
FY2020$14K
FY2021$18K
FY2022$11K
FY2023$17K
FY2024$40K
FY2025$12K
Net assets
$5.6M
FY2023▼ -4%
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 FY2023 Form 990 (year ending June 2023) · see the original

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You’re viewing the FY2023 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

21 people listed on the 990; $1K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Goddard Tony
Executive Director
$1,200Pt VII · Sec A
Torborg Tim
Vice President
$0Pt VII · Sec A
Bechtold Gary
Vice President
$0Pt VII · Sec A
Gruenes Dave
Treasurer
$0Pt VII · Sec A
Noonan Mike
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Conlon Robin
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.

See St Cloud Opportunities INC executive salaries →

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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 · FY2022
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 FY2023 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$74K
Ln 12
Investment incomeLn 3$71K
Other incomeLn 4–11$2K
Fees for servicesLn 2g$250
Money outPt IX
$17K
Ln 25
Owns and owesPt X
$5.6M
net assets · Ln 32
Cash and savingsLn 1–2$1.4M
Total assetsLn 16$5.6M
LiabilitiesLn 26$0
PeoplePt VI, VII
21
listed · VII A
PaidVII A1
Voting boardVI 1a20
IndependentVI 1b20
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$250
Investment incomeLn 3$71K
Other incomeLn 4–11$2K
Total revenueLn 12$74K
Assets in detailPt X, end of year
SavingsLn 2$1.4M
Cash and savings togetherLn 1–2$1.4M
InvestmentsLn 11–13$2.5M
Land, buildings, equipmentLn 10c$1.1M
Total assetsLn 16$5.6M
LiabilitiesLn 26$0
Net assetsLn 32$5.6M
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 FY23End FY23
Cash and savingsLn 1–2$2.0M$1.4M
InvestmentsLn 11–13$2.4M$2.5M
Land, buildings, equipmentLn 10c$1.1M$1.1M
Total assetsLn 16$6.1M$5.6M
LiabilitiesLn 26$300K$0
Net assetsLn 32$5.8M$5.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$1K
Accounting feesLn 11c$6K
Office expensesLn 13$518
OccupancyLn 16$3K
TravelLn 17$727
InterestLn 20$2K
InsuranceLn 23$1K
Other expenses (24a–d)Ln 24$2K
Total functional expensesLn 25$17K

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 Viewing $74K$17K$57K$5.6M 990 PDF
FY2022 $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 FY2023 990 (6 parts)
Part I · Summary $73,999 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $275$250
I-10 Investment incomePrior year $1,166,618$71,499
I-11 Other revenuePrior year $316$2,250
I-12 Total revenuePrior year $1,167,209$73,999
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 $0$1,200
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $10,720$15,910
I-18 Total expensesPrior year $10,720$17,110
I-19 Revenue less expensesPrior year $1,156,489$56,889
Part VI · Governance 20 of 20 board members independent, 3 to look at
VI-1a Voting members of the governing body20
VI-1b Independent voting members20
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 $73,999 across 4 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $250$250
VIII-3 Investment incomeExcluded from tax $71,499$71,499
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $2,250$2,250
VIII-12 Total revenueRelated to mission $2,500 · Unrelated business $0 · Excluded from tax $71,499$73,999
Part IX · Statement of functional expenses $17,110 across 8 lines filed
IX-5 Pay of current officers, directors and key staff$1,200
IX-11c Accounting fees$5,544
IX-13 Office expenses$518
IX-16 Occupancy$3,134
IX-17 Travel$727
IX-20 Interest$2,250
IX-23 Insurance$1,348
IX-24 Other expenses (24a–d)$2,389
IX-25 Total functional expenses$17,110
Part X · Balance sheet $5,580,662 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 $1,954,660$1,366,538
X-10c Land, buildings and equipment, netStart of year $1,053,851$1,053,851
X-12 Other securitiesStart of year $2,440,313$2,510,273
X-16 Total assetsStart of year $6,098,824$5,580,662
X-26 Total liabilitiesStart of year $300,000$0
X-27 Net assets without donor restrictionsStart of year $5,798,824$5,580,662
X-32 Total net assets or fund balancesStart of year $5,798,824$5,580,662
X-33 Total liabilities and net assetsStart of year $6,098,824$5,580,662
Part XI · Reconciliation of net assets $5,580,662 net assets at year end
XI-1 Total revenue$73,999
XI-2 Total expenses$17,110
XI-3 Revenue less expenses$56,889
XI-4 Net assets at start of year$5,798,824
XI-5 Net unrealized gains (losses) on investments−$275,051
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$5,580,662

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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