St Louis Development Coroporation FY2023 filing

Not tax-deductible

Saint Louis, MO501(c)(4)Since 1988EIN 43-1490972Revenue $25.2M in FY2023

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.
$1.2M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

Before you give

FY2023 · 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
$1.2M
to officers and key staff · 4% of spending
Looks good: pay to officers and key staff is 4% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
23 mo
of spending, in cash
Looks good: 23.0 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
$63.3M
100% of total assets
Concern: liabilities are 100% of assets; over 80%.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 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
$25.2M
+259% vs prior year
Spent
$28.9M
To programs
100%
Net assets
−$169K
By yearFY2020–FY2025
Revenue
$25.2M
FY2023▲ +259%
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
$28.9M
FY2023▲ +142%
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
−$169K
FY2023▲ +70%
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 FY2023 Form 990 (year ending June 2023) · figures checked against the IRS filing · see the original

990 PDF Claim
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 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% · $28.9M

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; $1.2M 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
Chairman/Executive Dir
$264,447Pt VII · Sec A
Chief of Staff
$214,397Pt VII · Sec A
SVP Real Estate Development
$155,786Pt VII · Sec A
SVP Strategic Growth and Development
$148,950Pt VII · Sec A
Treasurer/SVP CFO
$146,935Pt VII · Sec A
SVP Minority Business Empowerment
$146,384Pt VII · Sec A
Chief Techology Officer
$124,974Pt VII · Sec A
Vice Chair
$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.

See St Louis Development Coroporation 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 15aYes

Programs and updates

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

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Provided by the organization

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1 program · $28.9M · in their own filed words · FY2022
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.

$28.9Mprogram 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 FY2023 990, line by line.

1The main four
Money inPt VIII
$25.2M
Ln 12
Fees for servicesLn 2g$25.0M
Other incomeLn 4–11$99K
Investment incomeLn 3$72K
Money outPt IX
$28.9M
Ln 25
Programscol B$28.9M
Owns and owesPt X
−$169K
net assets · Ln 32
Cash and savingsLn 1–2$55.2M
Total assetsLn 16$63.1M
LiabilitiesLn 26$63.3M
PeoplePt VI, VII
16
listed · VII A
PaidVII A7
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$25.0M
Investment incomeLn 3$72K
Other incomeLn 4–11$99K
Total revenueLn 12$25.2M
Assets in detailPt X, end of year
CashLn 1$55.2M
Cash and savings togetherLn 1–2$55.2M
InvestmentsLn 11–13$39K
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$6.9M
Total assetsLn 16$63.1M
LiabilitiesLn 26$63.3M
Net assetsLn 32−$169K
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 FY23End FY23
Cash and savingsLn 1–2$3.8M$55.2M
InvestmentsLn 11–13$39K$39K
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$13.4M$63.1M
LiabilitiesLn 26$13.9M$63.3M
Net assetsLn 32−$554K−$169K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$14.4M$14.4M
Pay of current officers, directors and key staffLn 5$1.4M$1.4M
Other salaries and wagesLn 7$7.0M$7.0M
Other employee benefitsLn 9$930K$930K
Payroll taxesLn 10$412K$412K
Advertising and promotionLn 12$111K$111K
OccupancyLn 16$23K$23K
TravelLn 17$79K$79K
InterestLn 20$228K$228K
Depreciation, depletion and amortizationLn 22$331K$331K
InsuranceLn 23$36K$36K
Other expenses (24a–d)Ln 24$6.2M$6.2M
All other expensesLn 24e−$2.2M−$2.2M
Total functional expensesLn 25$28.9M$28.9M$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 Viewing $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 $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 FY2023 990 (6 parts)
Part I · Summary $25,186,270 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $6,648,949$25,015,244
I-10 Investment incomePrior year $1,434$71,619
I-11 Other revenuePrior year $357,349$99,407
I-12 Total revenuePrior year $7,007,732$25,186,270
I-13 Grants and similar amounts paidPrior year $150,374$14,373,349
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $7,633,738$9,691,127
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $4,153,104$4,789,297
I-18 Total expensesPrior year $11,937,216$28,853,773
I-19 Revenue less expensesPrior year −$4,929,484−$3,667,503
Part VI · Governance 9 of 9 board members independent, 1 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
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 $25,186,270 across 5 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $25,015,244$25,015,244
VIII-3 Investment incomeExcluded from tax $71,619$71,619
VIII-6 Net rental income or lossExcluded from tax $69,257$69,257
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $30,150$30,150
VIII-12 Total revenueRelated to mission $25,015,244 · Unrelated business $0 · Excluded from tax $171,026$25,186,270
Part IX · Statement of functional expenses $28,853,773 across 13 lines filed
IX-1 Grants to domestic organizationsPrograms $14,373,349$14,373,349
IX-5 Pay of current officers, directors and key staffPrograms $1,376,756$1,376,756
IX-7 Other salaries and wagesPrograms $6,972,271$6,972,271
IX-9 Other employee benefitsPrograms $930,082$930,082
IX-10 Payroll taxesPrograms $412,018$412,018
IX-12 Advertising and promotionPrograms $111,125$111,125
IX-16 OccupancyPrograms $22,899$22,899
IX-17 TravelPrograms $79,421$79,421
IX-20 InterestPrograms $228,378$228,378
IX-22 Depreciation, depletion and amortizationPrograms $330,942$330,942
IX-23 InsurancePrograms $36,170$36,170
IX-24 Other expenses (24a–d)Programs $6,169,693$6,169,693
IX-24e All other expensesPrograms −$2,189,331−$2,189,331
IX-25 Total functional expensesPrograms $28,853,773 · Management $0 · Fundraising $0$28,853,773
Part X · Balance sheet $63,081,613 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $3,786,811$55,191,463
X-4 Accounts receivableStart of year $294,177$243,531
X-9 Prepaid expenses and deferred chargesStart of year $244,043$717,553
X-10c Land, buildings and equipment, netStart of year $0$0
X-11 Publicly traded securitiesStart of year $39,100$39,100
X-15 Other assetsStart of year $8,597,590$6,889,966
X-16 Total assetsStart of year $13,361,721$63,081,613
X-17 Accounts payable and accrued expensesStart of year $1,233,652$1,885,605
X-25 Other liabilitiesStart of year $12,681,756$61,364,799
X-26 Total liabilitiesStart of year $13,915,408$63,250,404
X-32 Total net assets or fund balancesStart of year −$553,687−$168,791
X-33 Total liabilities and net assetsStart of year $13,361,721$63,081,613
Part XI · Reconciliation of net assets −$168,791 net assets at year end
XI-1 Total revenue$25,186,270
XI-2 Total expenses$28,853,773
XI-3 Revenue less expenses−$3,667,503
XI-4 Net assets at start of year−$553,687
XI-9 Other changes in net assets$4,052,399
XI-10 Net assets at end of year−$168,791

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

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