Redfield Area Development Corporation: FY2020 Nonprofit Profile & Form 990 (EIN 45-5463284)

Revenue by fiscal year
FY2020	$28K
FY2021	$36K
FY2022	$18K
FY2023	$27K
FY2024	$61K
FY2025	$101K

Expenses by fiscal year
FY2020	$14K
FY2021	$19K
FY2022	$15K
FY2023	$13K
FY2024	$32K
FY2025	$19K

Net assets by fiscal year
FY2020	$729K
FY2021	$747K
FY2022	$818K
FY2023	$813K
FY2024	$794K
FY2025	$876K

Is it real?

Yes. Exemption reinstated (2011-05-15). Per the IRS revocation list. Latest filing on record: FY2025. IRS ruling in Dec 2013.

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

Where the money goes

74 cents of each dollar spent went to programs.

74%

26%

Program services 74% · $10K Management & general 26% · $4K

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

10 people listed on the 990.

Part VII, Section A · reportable compensation

Corey Baloun

Director

$0Pt VII · Sec A

Todd Fenner

Secretary/Treasurer

$0Pt VII · Sec A

Monte Mason

President

$0Pt VII · Sec A

Dave Willis

Director

$0Pt VII · Sec A

Richard Gallup

Director

$0Pt VII · Sec A

Joe Lutter

Director

$0Pt VII · Sec A

Gianna Lantero

Director

$0Pt VII · Sec A

Randy Maddox

Director

$0Pt VII · Sec A

See Redfield Area Development Corporation executive salaries →

On this list? Claim this org

Something off? Claim to add context

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

Promotes and grows economic development.

Questions for Redfield Area Development Corporation

Tap to ask. Redfield Area Development Corporation sees how many people are interested.

Your first name shows with your question. Redfield Area Development Corporation answers here, for everyone.

Provided by the organization

Know this org? Add your story

1 program · $10K · in their own filed words · FY2020

01

To stimulate and expand economic, commercial, industrial, and residential development for the area of Spink County, South Dakota.

$10Kprogram 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 · 2 grants · $35K · 2020–2020

City Finance Office DBA Community Memorial HospitalFY2020$25,000

Grow Spink IncorporatedSD · FY2020$10,000

By the numbers

The FY2020 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$28K

Ln 12

Investment incomeLn 3$28K

Gifts and grantsLn 1h$500

Money outPt IX

$14K

Ln 25

Programscol B$10K

Managementcol C$4K

Owns and owesPt X

$729K

net assets · Ln 32

Cash and savingsLn 1–2$435K

Total assetsLn 16$729K

LiabilitiesLn 26$0

PeoplePt VI, VII

10

listed · VII A

PaidVII A0

Voting boardVI 1a10

IndependentVI 1b10

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$500

Investment incomeLn 3$28K

Gains on assetsLn 7$25K

Total revenueLn 12$28K

Assets in detailPt X, end of year

CashLn 1$425K

SavingsLn 2$10K

Cash and savings togetherLn 1–2$435K

Land, buildings, equipmentLn 10c$0

Total assetsLn 16$729K

LiabilitiesLn 26$0

Net assetsLn 32$729K

OperationsPt I, VI

EmployeesI 50

VolunteersI 60

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

Line	Start FY20	End FY20
Cash and savingsLn 1–2	$251K	$435K
Land, buildings, equipmentLn 10c	$0	$0
Total assetsLn 16	$715K	$729K
LiabilitiesLn 26	$0	$0
Net assetsLn 32	$715K	$729K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic organizationsLn 1	$6K	$6K
Legal feesLn 11b	$170	$0	$170	$0
Accounting feesLn 11c	$733	$0	$733	$0
Office expensesLn 13	$36	$0	$36	$0
Depreciation, depletion and amortizationLn 22	$0	$0	$0	$0
InsuranceLn 23	$3K	$0	$3K	$0
Other expenses (24a–d)Ln 24	$177	$0	$177	$0
All other expensesLn 24e	$4K	$4K	$0	$0
Total functional expensesLn 25	$14K	$10K	$4K	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest	$101K	$19K	$82K	$876K	990 PDF
FY2024	$61K	$32K	$29K	$794K	990 PDF
FY2023	$27K	$13K	$15K	$813K	990 PDF
FY2022	$18K	$15K	$3K	$818K	990 PDF
FY2021	$36K	$19K	$17K	$747K	990 PDF
FY2020 Viewing	$28K	$14K	$14K	$729K	990 PDF

More to add? Claim this org

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations

See the full FY2020 990 (6 parts)

Part I · Summary $28,467 revenue, 12 lines filed

I-8 Contributions and grants$500

I-9 Program service revenue$0

I-10 Investment incomePrior year −$5,714$27,967

I-11 Other revenue$0

I-12 Total revenuePrior year −$5,714$28,467

I-13 Grants and similar amounts paidPrior year $5,000$6,000

I-14 Benefits paid to members$0

I-15 Salaries and benefits$0

I-16a Professional fundraising fees$0

I-17 Other expensesPrior year $10,275$8,069

I-18 Total expensesPrior year $15,275$14,069

I-19 Revenue less expensesPrior year −$20,989$14,398

Part VI · Governance 10 of 10 board members independent, 4 to look at

VI-1a Voting members of the governing body10

VI-1b Independent voting members10

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

VI-2 Family or business relationship among officers or directorsNo

Part VIII · Statement of revenue $28,467 across 5 lines filed

VIII-1f All other contributions, gifts and grants$500

VIII-1h Total contributions, gifts and grants$500

VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $0$3,189

VIII-7 Net gain or loss on sales of assetsRelated to mission $24,778 · Unrelated business $0 · Excluded from tax $0$24,778

VIII-12 Total revenueRelated to mission $27,967 · Unrelated business $0 · Excluded from tax $0$28,467

Part IX · Statement of functional expenses $14,069 across 8 lines filed

IX-1 Grants to domestic organizationsPrograms $6,000$6,000

IX-11b Legal feesPrograms $0 · Management $170 · Fundraising $0$170

IX-11c Accounting feesPrograms $0 · Management $733 · Fundraising $0$733

IX-13 Office expensesPrograms $0 · Management $36 · Fundraising $0$36

IX-22 Depreciation, depletion and amortizationPrograms $0 · Management $0 · Fundraising $0$0

IX-23 InsurancePrograms $0 · Management $2,543 · Fundraising $0$2,543

IX-24 Other expenses (24a–d)Programs $0 · Management $177 · Fundraising $0$177

IX-24e All other expensesPrograms $4,410 · Management $0 · Fundraising $0$4,410

IX-25 Total functional expensesPrograms $10,410 · Management $3,659 · Fundraising $0$14,069

Part X · Balance sheet $729,406 assets, 8 lines filed

Asset lines not itemized here account for $54,259; see the IRS return.

X-1 Cash, non-interest-bearingStart of year $231,720$425,088

X-2 Savings and temporary cash investmentsStart of year $19,766$10,304

X-8 Inventories for sale or useStart of year $400,215$239,755

X-10c Land, buildings and equipment, netStart of year $0$0

X-16 Total assetsStart of year $715,002$729,406

X-26 Total liabilitiesStart of year $0$0

X-32 Total net assets or fund balancesStart of year $715,002$729,406

X-33 Total liabilities and net assetsStart of year $715,002$729,406

Part XI · Reconciliation of net assets $729,406 net assets at year end

XI-1 Total revenue$28,467

XI-2 Total expenses$14,069

XI-3 Revenue less expenses$14,398

XI-4 Net assets at start of year$715,002

XI-10 Net assets at end of year$729,406

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

Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

Your org? Add context

Made it to the end? Claim this org

Redfield Area Development Corporation FY2020 filing

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for Redfield Area Development Corporation

Funders

Grants

By the numbers

Filing history

Schedules filed Part IV