Greater St Cloud Development Corporation

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To lead economic Development for the benefit of the Greater St Cloud community

Form 990 Part I, line 1, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 45-2050341) · Dispute this line
501(c)(3) charity; gifts are tax-deductible.
80¢ of each $1 spent went to programs.
Run by 290 volunteers and 7 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
The latest return is for FY2024, 2 tax years back.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $82K a year · 7% of revenue · last 5 filings
A surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
80%
of spending
80% of spending went to programs.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$178K
to officers and key staff · 16% of spending
Pay to officers and key staff is 16% of spending.
Part VII, Section A
9.8 mo
of spending, in cash
9.8 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
9
named funders · $179K
9 funders name it on their filings.
Funders’ Sch. I, 990-PF
Liabilities
$313K
26% of total assets
Liabilities are 26% of assets.
Pt X · Ln 26
Independent board members
21
of 21 voting members
21 of 21 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$1.1M
-0.9% vs prior year
Spent
$1.1M
To programs
80%
Net assets
$877K
By yearFY2020–FY2024
Revenue
$1.1M
FY2024▼ -0.9%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.3M
FY2021$951K
FY2022$1.4M
FY2023$1.1M
FY2024$1.1M
Expenses
$1.1M
FY2024▲ +14%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.2M
FY2021$1.0M
FY2022$1.1M
FY2023$1.0M
FY2024$1.1M
Net assets
$877K
FY2024▼ -4%
Tap a bar for its year
Net assets by fiscal year
FY2020$578K
FY2021$518K
FY2022$802K
FY2023$914K
FY2024$877K

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Mar 2012.

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

Where the money goes

80 cents of each dollar spent went to programs.

Program services 80% · $911K Management & general 18% · $202K Fundraising 2% · $26K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

22 people listed on the 990; $178K paid to officers and key staff (Part VII, Section A).

Part VII, Section A · reportable compensation
President
$178,000Pt VII · Sec A
At-Large Director
$0Pt VII · Sec A
At-Large Director
$0Pt VII · Sec A
At-Large Director
$0Pt VII · Sec A
At-Large Director
$0Pt VII · Sec A
At-Large Director
$0Pt VII · Sec A
$0Pt VII · Sec A
At-Large Director
$0Pt VII · Sec A

Netia Bauman’s $178K as President is at the 58th percentile of top reported officer pay among 2832 $1–10M 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 · 3 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Netia Bauman$178,000$77,635———
Patti Gartland—$74,643$172,074$160,680$160,680
Lawrence Hosch————$110,000

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 Greater St Cloud Development Corporation executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Drives economic growth to improve the greater St. Cloud community.

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3 programs · $911K · in their own filed words · FY2024
01

Business Retention and Expansion

The GSDC continues to take a leadership role in partnering with local cities, counties and chambers of commerce to deploy standardized, regional processes for business retention and expansion. The GSDC has developed these streamlined processes based on best practices, standard tools and technology.

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 45-2050341) · Dispute this line
$364Kprogram expense
02

Community Development

In order to attract, retain, and expaned businesses within the region, the GSDC provides talent resourcing, community development, regional promotion, and quality of life enhancements, which include supporting childcare, housing, transportation, and downtown revitalization efforts.

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 45-2050341) · Dispute this line
$364Kprogram expense
03

Business Attraction & Startup

Business attraction & startup - GSDC takes a leadership position in partnering with local cities, counties and the state of MN to deploy collaborative regional processes and responses to business attraction.

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 45-2050341) · Dispute this line
$182Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2024
See all 9 funders →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$1.1M
Ln 12
Gifts and grantsLn 1h$1.0M
Fees for servicesLn 2g$43K
Other incomeLn 4–11$31K
Money outPt IX
$1.1M
Ln 25
Programscol B$911K
Managementcol C$202K
Fundraisingcol D$26K
Owns and owesPt X
$877K
net assets · Ln 32
Cash and savingsLn 1–2$930K
Total assetsLn 16$1.2M
LiabilitiesLn 26$313K
PeoplePt VI, VII
22
listed · VII A
PaidVII A1
Voting boardVI 1a21
IndependentVI 1b21
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.0M
Government grantsLn 1e$161K
Noncash giftsLn 1g$3K
Fees for servicesLn 2g$43K
Investment incomeLn 3$12K
Other incomeLn 4–11$31K
Total revenueLn 12$1.1M
Assets in detailPt X, end of year
CashLn 1$130K
SavingsLn 2$800K
Cash and savings togetherLn 1–2$930K
Pledges and grants receivableLn 3$45K
Accounts receivableLn 4$26K
Prepaid expenses and deferred chargesLn 9$41K
Land, buildings, equipmentLn 10c$57K
Other assetsLn 15$92K
Total assetsLn 16$1.2M
LiabilitiesLn 26$313K
Net assetsLn 32$877K
OperationsPt I, VI
EmployeesI 57
VolunteersI 6290
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 FY24End FY24
Cash and savingsLn 1–2$975K$930K
Land, buildings, equipmentLn 10c$73K$57K
Total assetsLn 16$1.3M$1.2M
LiabilitiesLn 26$377K$313K
Net assetsLn 32$914K$877K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of officers and key staff (Part IX, line 5)Ln 5$178K$142K$27K$9K
Other salaries and wagesLn 7$288K$231K$44K$13K
Other employee benefitsLn 9$15K$12K$2K$763
Payroll taxesLn 10$40K$32K$6K$2K
Accounting feesLn 11c$86K$69K$17K
Other fees for servicesLn 11g$89K$71K$18K
Advertising and promotionLn 12$140K$112K$28K
Office expensesLn 13$10K$8K$2K$442
OccupancyLn 16$110K$88K$22K
TravelLn 17$6K$5K$1K
Conferences, conventions and meetingsLn 19$78K$62K$16K
InterestLn 20$5$5
Depreciation, depletion and amortizationLn 22$16K$13K$3K
InsuranceLn 23$1K$1K$198$66
Other expenses (24a–d)Ln 24$80K$64K$16K
Total functional expensesLn 25$1.1M$911K$202K$26K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest ViewingFiled with the IRS Nov 14, 2025 $1.1M$1.1M−$37K$877K 990 PDF
FY2023Filed with the IRS Oct 7, 2024 $1.1M$1.0M$112K$914K 990 PDF
FY2022Filed with the IRS Oct 11, 2023 $1.4M$1.1M$283K$802K 990 PDF
FY2021Filed with the IRS Jul 15, 2022 $951K$1.0M−$59K$518K 990 PDF
FY2020Filed with the IRS Jul 23, 2021 $1.3M$1.2M$109K$578K 990 PDF

Schedules filed Part IV

A · Public support I · Grants J · Pay O · Explanations
See the full FY2024 990
Part I · Summary $1,101,997 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,030,185$1,016,326
I-9 Program service revenuePrior year $49,000$42,838
I-10 Investment incomePrior year $6,118$11,997
I-11 Other revenuePrior year $27,093$30,836
I-12 Total revenuePrior year $1,112,396$1,101,997
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 $438,219$521,424
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $562,015$617,451
I-18 Total expensesPrior year $1,000,234$1,138,875
I-19 Revenue less expensesPrior year $112,162−$36,878
Part VI · Governance 21 of 21 board members independent, 5 to look at
VI-1a Voting members of the governing body21
VI-1b Independent voting members21
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
Part VIII · Statement of revenue $1,101,997 across 8 lines filed
VIII-1e Government grants$161,050
VIII-1f All other contributions, gifts and grants$855,276
VIII-1g Noncash contributions (included above)$2,750
VIII-1h Total contributions, gifts and grants$1,016,326
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $42,838$42,838
VIII-3 Investment incomeExcluded from tax $11,997$11,997
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $30,836$30,836
VIII-12 Total revenueRelated to mission $73,674 · Unrelated business $0 · Excluded from tax $11,997$1,101,997
Part IX · Statement of functional expenses $1,138,875 across 15 lines filed
IX-5 Pay of officers and key staff (Part IX, line 5)Programs $142,400 · Management $26,700 · Fundraising $8,900$178,000
IX-7 Other salaries and wagesPrograms $230,590 · Management $44,274 · Fundraising $13,373$288,237
IX-9 Other employee benefitsPrograms $12,207 · Management $2,289 · Fundraising $763$15,259
IX-10 Payroll taxesPrograms $31,943 · Management $5,989 · Fundraising $1,996$39,928
IX-11c Accounting feesPrograms $69,168 · Management $17,292$86,460
IX-11g Other fees for servicesPrograms $71,471 · Management $17,868$89,339
IX-12 Advertising and promotionPrograms $112,102 · Management $28,026$140,128
IX-13 Office expensesPrograms $7,995 · Management $1,558 · Fundraising $442$9,995
IX-16 OccupancyPrograms $88,218 · Management $22,054$110,272
IX-17 TravelPrograms $4,660 · Management $1,165$5,825
IX-19 Conferences, conventions and meetingsPrograms $62,414 · Management $15,604$78,018
IX-20 InterestPrograms $5$5
IX-22 Depreciation, depletion and amortizationPrograms $13,016 · Management $3,254$16,270
IX-23 InsurancePrograms $1,056 · Management $198 · Fundraising $66$1,320
IX-24 Other expenses (24a–d)Programs $63,865 · Management $15,954$79,819
IX-25 Total functional expensesPrograms $911,110 · Management $202,225 · Fundraising $25,540$1,138,875
Part X · Balance sheet $1,190,369 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $350,773$130,235
X-2 Savings and temporary cash investmentsStart of year $624,631$799,675
X-3 Pledges and grants receivable$44,966
X-4 Accounts receivableStart of year $60,108$25,750
X-9 Prepaid expenses and deferred chargesStart of year $26,748$40,765
X-10c Land, buildings and equipment, netStart of year $73,383$57,113
X-15 Other assetsStart of year $155,288$91,865
X-16 Total assetsStart of year $1,290,931$1,190,369
X-17 Accounts payable and accrued expensesStart of year $41,303$51,080
X-19 Deferred revenueStart of year $72,373$45,000
X-25 Other liabilitiesStart of year $263,256$217,168
X-26 Total liabilitiesStart of year $376,932$313,248
X-27 Net assets without donor restrictionsStart of year $913,999$832,155
X-28 Net assets with donor restrictions$44,966
X-32 Total net assets or fund balancesStart of year $913,999$877,121
X-33 Total liabilities and net assetsStart of year $1,290,931$1,190,369
Part XI · Reconciliation of net assets $877,121 net assets at year end
XI-1 Total revenue$1,101,997
XI-2 Total expenses$1,138,875
XI-3 Revenue less expenses−$36,878
XI-4 Net assets at start of year$913,999
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$877,121

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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