To advance and develop the city of Yankton by offering assistance to both industries and businesses either located or proposed to be located in or around Yankton

501(c)(6) business league; gifts are not tax-deductible as charitable contributions.
81¢ of each $1 spent went to programs.
Run by 50 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(6)
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 6
filings with a surplus
Average surplus $751K a year · 26% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
81%
of spending
Looks good: 81% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$224K
to officers and key staff · 13% of spending
Looks good: pay to officers and key staff is 13% of spending; 15% or less.
Pt VII · Sec A
7 mo
of spending, in cash
Plus $7.0M in investments, Pt X · Ln 11–13
Looks good: 6.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $60K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$4.3M
41% of total assets
Looks good: liabilities are 41% of assets; 50% or less.
Pt X · Ln 26
Independent board members
25
of 25 voting members
Looks good: 25 of 25 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.4M
-42% vs prior year
Spent
$1.8M
To programs
81%
Net assets
$6.2M
By yearFY2020–FY2025
Revenue
$2.4M
FY2025▼ -42%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.5M
FY2021$1.6M
FY2022$4.0M
FY2023$3.7M
FY2024$4.2M
FY2025$2.4M
Expenses
$1.8M
FY2025▼ -41%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.2M
FY2021$1.7M
FY2022$2.3M
FY2023$2.8M
FY2024$3.0M
FY2025$1.8M
Net assets
$6.2M
FY2025▲ +12%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.7M
FY2021$2.2M
FY2022$3.8M
FY2023$4.6M
FY2024$5.6M
FY2025$6.2M

From the FY2025 Form 990 (year ending September 2025) · figures checked against the IRS filing · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Nov 1982.

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

Where the money goes

81 cents of each dollar spent went to programs.

Program services 81% · $1.4M Management & general 19% · $330K

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

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Who runs it and what they're paid

27 people listed on the 990; $224K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
CEO/Presiden
$138,800Pt VII · Sec A
Treasurer
$85,010Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Nancy Wenande$138,800$131,675$123,275$134,375$131,980$119,821
Brian Steward$85,010$80,035$77,435$75,660$75,578$51,115

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 Yankton Thrive INC 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

Helps Yankton industries and businesses grow and succeed.

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3 programs · in their own filed words · FY2024
01

Implement workforce and employee RETENTION/RECRUITMENT intiatives for expansion of yankton economic development and local businesses.

Pt IX · col B
02

Granted money & developed programs for businesses and nonprofits as an incentive to create economic development in the yankton area.

Pt IX · col B
03

Promoted & implemented business & tourism programs to greater yankton area

Pt IX · col B

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 · FY2023
Avera HealthFY2023$60K
Total grants receivedfrom 1 funder$60K
Grants paid · 31 grants · $5.0M · 2019–2024
City of YanktonFY2024$395,468
City of YanktonFY2023$1,088,864
MenardsFY2023$411,821
Next Development SolutionsFY2023$124,740
Mount Marty UniversitySD · FY2023$124,523
Manitou Group AmericasFY2023$33,755
Blue 14 LLCFY2023$26,033
Mr Michael KvardaFY2023$12,845
Event CentralFY2023$5,572
MenardsFY2022$389,641
Mount Marty UniversitySD · FY2022$110,959
Ihah LLCFY2022$24,015
MenardsFY2021$394,881
City of YanktonFY2021$235,653
Mount Marty UniversitySD · FY2021$109,527
Blue 14 LLCFY2021$21,336
Larry's Heating & CoolingFY2021$12,127
See all 31 grants →

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$2.4M
Ln 12
Gifts and grantsLn 1h$1.5M
Other incomeLn 4–11$516K
Fees for servicesLn 2g$447K
Money outPt IX
$1.8M
Ln 25
Programscol B$1.4M
Managementcol C$330K
Owns and owesPt X
$6.2M
net assets · Ln 32
Cash and savingsLn 1–2$1.0M
Total assetsLn 16$10.6M
LiabilitiesLn 26$4.3M
PeoplePt VI, VII
27
listed · VII A
PaidVII A2
Voting boardVI 1a25
IndependentVI 1b25
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.5M
Government grantsLn 1e$1.2M
Noncash giftsLn 1g$10K
Fees for servicesLn 2g$447K
Investment incomeLn 3$9K
Other incomeLn 4–11$516K
Total revenueLn 12$2.4M
Assets in detailPt X, end of year
CashLn 1$1.0M
Cash and savings togetherLn 1–2$1.0M
InvestmentsLn 11–13$7.0M
Land, buildings, equipmentLn 10c$319K
Other assetsLn 15$127K
Total assetsLn 16$10.6M
LiabilitiesLn 26$4.3M
Net assetsLn 32$6.2M
OperationsPt I, VI
EmployeesI 50
VolunteersI 650
Fiscal year endsHeaderSeptember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$689K$1.0M
InvestmentsLn 11–13$5.6M$7.0M
Land, buildings, equipmentLn 10c$336K$319K
Total assetsLn 16$9.7M$10.6M
LiabilitiesLn 26$4.1M$4.3M
Net assetsLn 32$5.6M$6.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$395K$395K
Pay of current officers, directors and key staffLn 5$224K$134K$90K
Other salaries and wagesLn 7$340K$204K$136K
Pension plan contributionsLn 8$16K$11K$5K
Other employee benefitsLn 9$40K$24K$16K
Payroll taxesLn 10$45K$26K$19K
Legal feesLn 11b$69K$61K$8K
Advertising and promotionLn 12$162K$162K
Office expensesLn 13$101K$61K$40K
InterestLn 20$108K$108K
Depreciation, depletion and amortizationLn 22$23K$14K$9K
InsuranceLn 23$19K$11K$8K
Other expenses (24a–d)Ln 24$231K$231K
Total functional expensesLn 25$1.8M$1.4M$330K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $2.4M$1.8M$665K$6.2M 990 PDF
FY2024 $4.2M$3.0M$1.2M$5.6M 990 PDF
FY2023 $3.7M$2.8M$843K$4.6M 990 PDF
FY2022 $4.0M$2.3M$1.7M$3.8M 990 PDF
FY2021 $1.6M$1.7M−$59K$2.2M 990 PDF
FY2020 $1.5M$1.2M$220K$1.7M 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 $2,437,883 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $3,518,840$1,466,185
I-9 Program service revenuePrior year $411,532$446,866
I-10 Investment incomePrior year $16,688$8,880
I-11 Other revenuePrior year $227,572$515,952
I-12 Total revenuePrior year $4,174,632$2,437,883
I-13 Grants and similar amounts paidPrior year $1,852,034$395,468
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $625,220$664,736
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $516,061$712,974
I-18 Total expensesPrior year $2,993,315$1,773,178
I-19 Revenue less expensesPrior year $1,181,317$664,705
Part VI · Governance 25 of 25 board members independent, no flags
VI-1a Voting members of the governing body25
VI-1b Independent voting members25
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $2,437,883 across 10 lines filed
Lines not itemized here account for $38,407 of total revenue; see the IRS return.
VIII-1b Membership dues$254,549
VIII-1e Government grants$1,173,538
VIII-1f All other contributions, gifts and grants$38,098
VIII-1g Noncash contributions (included above)$9,598
VIII-1h Total contributions, gifts and grants$1,466,185
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $446,866$446,866
VIII-3 Investment incomeExcluded from tax $8,880$8,880
VIII-6 Net rental income or lossExcluded from tax $9,076$9,076
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $468,469$468,469
VIII-12 Total revenueRelated to mission $948,985 · Unrelated business $4,757 · Excluded from tax $17,956$2,437,883
Part IX · Statement of functional expenses $1,773,178 across 13 lines filed
IX-1 Grants to domestic organizationsPrograms $395,468$395,468
IX-5 Pay of current officers, directors and key staffPrograms $134,286 · Management $89,524$223,810
IX-7 Other salaries and wagesPrograms $204,415 · Management $135,782$340,197
IX-8 Pension plan contributionsPrograms $11,035 · Management $5,301$16,336
IX-9 Other employee benefitsPrograms $23,850 · Management $15,904$39,754
IX-10 Payroll taxesPrograms $26,084 · Management $18,555$44,639
IX-11b Legal feesPrograms $61,139 · Management $7,907$69,046
IX-12 Advertising and promotionPrograms $161,762$161,762
IX-13 Office expensesPrograms $60,589 · Management $40,392$100,981
IX-20 InterestPrograms $108,115$108,115
IX-22 Depreciation, depletion and amortizationPrograms $13,830 · Management $9,168$22,998
IX-23 InsurancePrograms $11,389 · Management $7,593$18,982
IX-24 Other expenses (24a–d)Programs $231,090$231,090
IX-25 Total functional expensesPrograms $1,443,052 · Management $330,126 · Fundraising $0$1,773,178
Part X · Balance sheet $10,590,007 assets, 20 lines filed
X-1 Cash, non-interest-bearingStart of year $689,330$1,011,323
X-3 Pledges and grants receivableStart of year $1,665,342$1,031,572
X-4 Accounts receivableStart of year $254,878$77,929
X-8 Inventories for sale or useStart of year $965,643$965,642
X-9 Prepaid expenses and deferred chargesStart of year $13,780$59,148
X-10c Land, buildings and equipment, netStart of year $336,448$318,550
X-13 Program-related investmentsStart of year $5,576,204$6,958,963
X-14 Intangible assetsStart of year $27,963$40,363
X-15 Other assetsStart of year $151,192$126,517
X-16 Total assetsStart of year $9,680,780$10,590,007
X-17 Accounts payable and accrued expensesStart of year $1,014,076$126,571
X-18 Grants payableStart of year $169,085$75,141
X-19 Deferred revenueStart of year $104,632$107,943
X-24 Unsecured notes and loans payableStart of year $1,795,527$3,470,384
X-25 Other liabilitiesStart of year $920,815$469,171
X-26 Total liabilitiesStart of year $4,104,135$4,349,210
X-27 Net assets without donor restrictionsStart of year $3,138,694$4,853,372
X-28 Net assets with donor restrictionsStart of year $2,437,951$1,387,425
X-32 Total net assets or fund balancesStart of year $5,576,645$6,240,797
X-33 Total liabilities and net assetsStart of year $9,680,780$10,590,007
Part XI · Reconciliation of net assets $6,240,797 net assets at year end
XI-1 Total revenue$2,437,883
XI-2 Total expenses$1,773,178
XI-3 Revenue less expenses$664,705
XI-4 Net assets at start of year$5,576,645
XI-5 Net unrealized gains (losses) on investments−$945
XI-9 Other changes in net assets$392
XI-10 Net assets at end of year$6,240,797

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

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