Regent Development Corporation

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Purposes of the entity include efforts in bringing in new businesses and individuals to the small community and other miscellaneous community projects.

100¢ of each $1 spent went to programs.
$5K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

Before you give

FY2025 · 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
5 of 5
filings with a surplus
Average surplus $44K a year · 42% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 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
$5K
to officers and key staff · 8% of spending
Looks good: pay to officers and key staff is 8% of spending; 15% or less.
Pt VII · Sec A
74 mo
of spending, in cash
Looks good: 74.3 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
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$102K
-11% vs prior year
Spent
$59K
To programs
100%
Net assets
$485K
By yearFY2020–FY2025
Revenue
$102K
FY2025▼ -11%
Tap a bar for its year
Revenue by fiscal year
FY2020$58K
FY2021$108K
FY2022$102K
FY2023$86K
FY2024$115K
FY2025$102K
Expenses
$59K
FY2025▼ -36%
Tap a bar for its year
Expenses by fiscal year
FY2020Not on file
FY2021$60K
FY2022$36K
FY2023$46K
FY2024$93K
FY2025$59K
Net assets
$485K
FY2025▲ +10%
Tap a bar for its year
Net assets by fiscal year
FY2020$267K
FY2021$315K
FY2022$381K
FY2023$420K
FY2024$442K
FY2025$485K

From the FY2025 Form 990 · see the original

990 PDF Claim

Is it real?

Yes. Exemption reinstated (2013-05-15). Per the IRS revocation list. Latest filing on record: FY2025. IRS ruling in Jun 2014.

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% · $59K

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

7 people listed on the 990; $5K paid to officers and key staff.

Part VII, Section A · reportable compensation
$4,572Pt VII · Sec A
President
$120Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A

Brenda Wiseman’s $5K as Treasurer is at the 3rd 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 · 2 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Brenda Wiseman$4,572$4,572$4,644$4,518$3,876$2,694
Heather Kouba$120$120————

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 Regent Development Corporation 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

Attracts new businesses and individuals, and supports community projects.

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Provided by the organization

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1 program · $59K · in their own filed words · FY2025
01

Local business improvements and community events

$59Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking
Grants paid · 18 grants · $180K · 2021–2025
Regent CoopFY2025$11,499
Individual RecipientFY2025$9,000
Individual RecipientFY2025$7,500
Regent Fire DeptFY2025$6,000
Individual RecipientFY2024$26,000
Stateline Grain Cleaning INCFY2024$15,796
Regent Park DistrictFY2024$11,000
Individual RecipientFY2024$10,000
Individual RecipientFY2024$10,000
Regent Park DistrictFY2023$10,000
Individual RecipientFY2023$5,000
Mott Regent Public SchoolsFY2023$5,000
St Henrys ChurchFY2023$5,000
Regent Park DistrictFY2022$10,000
Hettinger County Sheriffs DeptFY2022$5,000
Regent CoopFY2021$16,015
Regent Fire DepartmentFY2021$12,365
Lefor Kc Building FundFY2021$5,000

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$102K
Ln 12
Other incomeLn 4–11$72K
Gifts and grantsLn 1h$23K
Investment incomeLn 3$7K
Money outPt IX
$59K
Ln 25
Programscol B$59K
Owns and owesPt X
$485K
net assets · Ln 32
Cash and savingsLn 1–2$367K
Total assetsLn 16$485K
LiabilitiesLn 26$0
PeoplePt VI, VII
7
listed · VII A
PaidVII A2
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$23K
Fees for servicesLn 2g$200
Investment incomeLn 3$7K
Other incomeLn 4–11$72K
Total revenueLn 12$102K
Assets in detailPt X, end of year
CashLn 1$367K
Cash and savings togetherLn 1–2$367K
Land, buildings, equipmentLn 10c$91K
Other assetsLn 15$20K
Total assetsLn 16$485K
LiabilitiesLn 26$0
Net assetsLn 32$485K
OperationsPt I, VI
EmployeesI 56
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$348K$367K
Land, buildings, equipmentLn 10c$94K$91K
Total assetsLn 16$469K$485K
LiabilitiesLn 26$27K$0
Net assetsLn 32$442K$485K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$44K$44K
Grants to domestic individualsLn 2$2K$2K
Accounting feesLn 11c$625$625
Office expensesLn 13$656$656
OccupancyLn 16$4K$4K
InterestLn 20$600$600
Depreciation, depletion and amortizationLn 22$3K$3K
InsuranceLn 23$4K$4K
Other expenses (24a–d)Ln 24$1K$1K
Total functional expensesLn 25$59K$59K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $102K$59K$43K$485K 990 PDF
FY2024 $115K$93K$22K$442K 990 PDF
FY2023 $86K$46K$39K$420K 990 PDF
FY2022 $102K$36K$66K$381K 990 PDF
FY2021 $108K$60K$48K$315K 990 PDF
FY2020 $58K$267K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $102,153 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $2,972$22,765
I-9 Program service revenue$200
I-10 Investment incomePrior year $7,359$6,753
I-11 Other revenuePrior year $104,528$72,435
I-12 Total revenuePrior year $114,859$102,153
I-13 Grants and similar amounts paidPrior year $72,796$45,149
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $20,294$14,145
I-18 Total expensesPrior year $93,090$59,294
I-19 Revenue less expensesPrior year $21,769$42,859
Part VI · Governance 7 of 7 board members independent, 3 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $102,153 across 7 lines filed
Lines not itemized here account for $72,435 of total revenue; see the IRS return.
VIII-1b Membership dues$40
VIII-1f All other contributions, gifts and grants$22,725
VIII-1h Total contributions, gifts and grants$22,765
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $200$200
VIII-3 Investment incomeRelated to mission $6,753$6,753
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $79,388 · Unrelated business $0 · Excluded from tax $0$102,153
Part IX · Statement of functional expenses $59,294 across 9 lines filed
IX-1 Grants to domestic organizationsPrograms $43,649$43,649
IX-2 Grants to domestic individualsPrograms $1,500$1,500
IX-11c Accounting feesPrograms $625$625
IX-13 Office expensesPrograms $656$656
IX-16 OccupancyPrograms $4,159$4,159
IX-20 InterestPrograms $600$600
IX-22 Depreciation, depletion and amortizationPrograms $2,541$2,541
IX-23 InsurancePrograms $4,361$4,361
IX-24 Other expenses (24a–d)Programs $1,203$1,203
IX-25 Total functional expensesPrograms $59,294 · Management $0 · Fundraising $0$59,294
Part X · Balance sheet $484,873 assets, 8 lines filed
Asset lines not itemized here account for $7,093; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $347,854$367,160
X-10c Land, buildings and equipment, netStart of year $93,661$91,120
X-15 Other assetsStart of year $19,500$19,500
X-16 Total assetsStart of year $469,378$484,873
X-26 Total liabilitiesStart of year $27,364$0
X-27 Net assets without donor restrictionsStart of year $442,014$484,873
X-32 Total net assets or fund balancesStart of year $442,014$484,873
X-33 Total liabilities and net assetsStart of year $469,378$484,873
Part XI · Reconciliation of net assets $484,873 net assets at year end
XI-1 Total revenue$102,153
XI-2 Total expenses$59,294
XI-3 Revenue less expenses$42,859
XI-4 Net assets at start of year$442,014
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$484,873

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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