St Louis Development Coroporation FY2020 filing

Not tax-deductible

Saint Louis, MO501(c)(4)Since 1988EIN 43-1490972Revenue $7.1M in FY2020

On file with the IRS1520 Market St Rm 2000, 63103-2630 · Saint Louis, MOTax-exempt since Nov 1995

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To improve the efficiency and effectiveness of the economic Development activities of the city of St. Louis, missouri.

100¢ of each $1 spent went to programs.
$916K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · 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
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
0 of 6
filings with a surplus
Average deficit $4.1M a year · 28% of revenue · last 6 filings
Concern: a surplus in 0 of the last 6 filings.
Pt I · Ln 19 · 6 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
$916K
to officers and key staff · 9% of spending
Looks good: pay to officers and key staff is 9% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
5 mo
of spending, in cash
Looks good: 4.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $50K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$13.9M
97% of total assets
Concern: liabilities are 97% of assets; over 80%.
Pt X · Ln 26
Independent board members
8
of 9 voting members
Looks good: 8 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$7.1M
Spent
$10.6M
To programs
100%
Net assets
$365K
By yearFY2020–FY2025
Revenue
$7.1M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$7.1M
FY2021$12.3M
FY2022$7.0M
FY2023$25.2M
FY2024$12.6M
FY2025$24.0M
Expenses
$10.6M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$10.6M
FY2021$15.8M
FY2022$11.9M
FY2023$28.9M
FY2024$16.9M
FY2025$28.6M
Net assets
$365K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$365K
FY2021$442K
FY2022−$554K
FY2023−$169K
FY2024−$68K
FY2025$261K

From the FY2020 Form 990 (year ending June 2020) · figures checked against the IRS filing · see the original

Form 990 (PDF) Claim
You’re viewing the FY2020 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 Nov 1995.

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% · $10.6M

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

16 people listed on the 990; $916K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
Chief Technology Officer
$187,957Pt VII · Sec A
Chairman/Executive Director
$169,102Pt VII · Sec A
Director of Human Resources
$117,812Pt VII · Sec A
Treasurer/Controller
$112,416Pt VII · Sec A
Deputy Executive Director
$112,022Pt VII · Sec A
Deputy Executive Director
$111,365Pt VII · Sec A
Director of Real Estate
$105,012Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Neal Richardson$270,234$262,058$264,447$103,349——
Otis Williams————$248,339$169,102
Daffney Moore——$214,397$132,564$104,580—
Lance Knuckles$197,761$165,920$148,950———
Robert J Gaskill-Clemons———$122,963$170,169$187,957
Otis Willaims———$179,507——
Paul Orr$164,405$161,164$155,786$131,005$117,752$111,365
Stacey Lynn Fowler$164,403$160,758$146,384———

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

Boosts St. Louis's economic development efforts for better results.

Questions for St Louis Development Coroporation

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Provided by the organization

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1 program · $10.6M · in their own filed words · FY2019
01

SLDC improves the efficiency and effectiveness of six government agencies and ST. Louis local development company, another tax-exempt organization, by performing administrative and research functions. The corporation acts as an imprest administration fund which pays the general expenses and allocates them to the seven affiliated agencies.

$10.6Mprogram 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 · FY2024
Total grants receivedfrom 1 funder$50K
Grants paid · 29 grants · $27.2M · 2022–2024
Ldc Funding 4th Stlslfrf Grant BatchFY2024$6,600,000
Sldc Arpa Funding for Cc Union TransFY2024$2,018,750
Individual RecipientFY2024$1,435,770
Investor's Title CompanyFY2024$660,000
Title Partners Agency LLCFY2024$268,134
Legacy Title & EscrowFY2024$230,000
Community Title ServicesFY2024$190,000
Individual RecipientFY2024$150,000
Absolute LLCFY2024$100,000
Individual RecipientFY2024$100,000
Regency Title Group LLCFY2024$90,000
Individual RecipientFY2024$90,000
Title Partners Agency LLC IIFY2024$50,000
Individual RecipientFY2024$50,000
US Title Guaranty Co INCFY2024$48,000
Chesterfield Title AgencyFY2024$40,000
Individual RecipientFY2024$40,000
Gateway Construction ServiceFY2024$17,000
See all 29 grants →

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$7.1M
Ln 12
Fees for servicesLn 2g$6.7M
Other incomeLn 4–11$386K
Investment incomeLn 3$15K
Money outPt IX
$10.6M
Ln 25
Programscol B$10.6M
Owns and owesPt X
$365K
net assets · Ln 32
Cash and savingsLn 1–2$4.3M
Total assetsLn 16$14.3M
LiabilitiesLn 26$13.9M
PeoplePt VI, VII
16
listed · VII A
PaidVII A7
Voting boardVI 1a9
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$6.7M
Investment incomeLn 3$15K
Other incomeLn 4–11$386K
Total revenueLn 12$7.1M
Assets in detailPt X, end of year
CashLn 1$4.3M
Cash and savings togetherLn 1–2$4.3M
InvestmentsLn 11–13$37K
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$8.1M
Total assetsLn 16$14.3M
LiabilitiesLn 26$13.9M
Net assetsLn 32$365K
OperationsPt I, VI
EmployeesI 5105
VolunteersI 60
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$4.6M$4.3M
InvestmentsLn 11–13$35K$37K
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$13.6M$14.3M
LiabilitiesLn 26$13.3M$13.9M
Net assetsLn 32$301K$365K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$25K$25K
Pay of current officers, directors and key staffLn 5$1.0M$1.0M
Other salaries and wagesLn 7$4.8M$4.8M
Other employee benefitsLn 9$755K$755K
Payroll taxesLn 10$323K$323K
Advertising and promotionLn 12$33K$33K
OccupancyLn 16$398K$398K
TravelLn 17$76K$76K
InterestLn 20$66K$66K
InsuranceLn 23$22K$22K
Other expenses (24a–d)Ln 24$3.9M$3.9M
All other expensesLn 24e−$899K−$899K
Total functional expensesLn 25$10.6M$10.6M$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $24.0M$28.6M−$4.6M$261K 990 PDF
FY2024 $12.6M$16.9M−$4.3M−$68K 990 PDF
FY2023 $25.2M$28.9M−$3.7M−$169K 990 PDF
FY2022 $7.0M$11.9M−$4.9M−$554K 990 PDF
FY2021 $12.3M$15.8M−$3.5M$442K 990 PDF
FY2020 Viewing $7.1M$10.6M−$3.5M$365K 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 FY2020 990 (6 parts)
Part I · Summary $7,076,509 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $7,011,935$6,676,042
I-10 Investment incomePrior year $8,635$14,571
I-11 Other revenuePrior year $347,666$385,896
I-12 Total revenuePrior year $7,368,236$7,076,509
I-13 Grants and similar amounts paidPrior year $151,945$25,357
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $6,699,480$6,916,488
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $3,816,652$3,609,539
I-18 Total expensesPrior year $10,668,077$10,551,384
I-19 Revenue less expensesPrior year −$3,299,841−$3,474,875
Part VI · Governance 8 of 9 board members independent, 1 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members8
VI-13 Written whistleblower policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $7,076,509 across 5 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $6,676,042$6,676,042
VIII-3 Investment incomeExcluded from tax $14,571$14,571
VIII-6 Net rental income or lossExcluded from tax $346,380$346,380
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $39,516$39,516
VIII-12 Total revenueRelated to mission $6,676,042 · Unrelated business $0 · Excluded from tax $400,467$7,076,509
Part IX · Statement of functional expenses $10,551,384 across 12 lines filed
IX-1 Grants to domestic organizationsPrograms $25,357$25,357
IX-5 Pay of current officers, directors and key staffPrograms $1,021,189$1,021,189
IX-7 Other salaries and wagesPrograms $4,816,421$4,816,421
IX-9 Other employee benefitsPrograms $755,387$755,387
IX-10 Payroll taxesPrograms $323,491$323,491
IX-12 Advertising and promotionPrograms $33,445$33,445
IX-16 OccupancyPrograms $397,698$397,698
IX-17 TravelPrograms $76,085$76,085
IX-20 InterestPrograms $66,100$66,100
IX-23 InsurancePrograms $22,445$22,445
IX-24 Other expenses (24a–d)Programs $3,913,150$3,913,150
IX-24e All other expensesPrograms −$899,384−$899,384
IX-25 Total functional expensesPrograms $10,551,384 · Management $0 · Fundraising $0$10,551,384
Part X · Balance sheet $14,298,358 assets, 12 lines filed
Asset lines not itemized here account for $701,067; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $4,553,226$4,301,565
X-4 Accounts receivableStart of year $61,525$843,535
X-9 Prepaid expenses and deferred chargesStart of year $399,828$361,025
X-10c Land, buildings and equipment, netStart of year $0$0
X-11 Publicly traded securitiesStart of year $35,250$36,900
X-15 Other assetsStart of year $7,912,907$8,054,266
X-16 Total assetsStart of year $13,619,736$14,298,358
X-17 Accounts payable and accrued expensesStart of year $1,445,965$1,242,156
X-25 Other liabilitiesStart of year $11,872,749$12,691,240
X-26 Total liabilitiesStart of year $13,318,714$13,933,396
X-32 Total net assets or fund balancesStart of year $301,022$364,962
X-33 Total liabilities and net assetsStart of year $13,619,736$14,298,358
Part XI · Reconciliation of net assets $364,962 net assets at year end
XI-1 Total revenue$7,076,509
XI-2 Total expenses$10,551,384
XI-3 Revenue less expenses−$3,474,875
XI-4 Net assets at start of year$301,022
XI-9 Other changes in net assets$3,538,815
XI-10 Net assets at end of year$364,962

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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