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Ally Dakota Development INC FY2020 filing

Rapid City, SD501(c)(6)EIN 46-0361483

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Promote economic Development in the state of south Dakota and the rapid city/black hills regional trade zone within a 200 mile radius to include contiguous counties in nebraska and wyoming and provide technical assistance to aid in economic base expansion including the administration of a revolving loan program.

96¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2020 · 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
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
6 of 6
filings with a surplus
Average surplus $694K a year · 51% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
96%
of spending
Looks good: 96% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
9 mo
of spending, in cash
Looks good: 9.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $2.5M
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$129K
8% of total assets
Looks good: liabilities are 8% of assets; 50% or less.
Pt X · Ln 26
Independent board members
11
of 11 voting members
Looks good: 11 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$654K
Spent
$601K
To programs
96%
Net assets
$1.5M
By yearFY2020–FY2025
Revenue
$654K
FY2020
Revenue by fiscal year
FY2020$654K
FY2021$1.6M
FY2022$973K
FY2023$538K
FY2024$600K
FY2025$3.9M
Expenses
$601K
FY2020
Expenses by fiscal year
FY2020$601K
FY2021$692K
FY2022$617K
FY2023$502K
FY2024$600K
FY2025$1.1M
Net assets
$1.5M
FY2020
Net assets by fiscal year
FY2020$1.5M
FY2021$2.3M
FY2022$2.7M
FY2023$2.7M
FY2024$2.7M
FY2025$5.6M

From the FY2020 Form 990 (year ending September 2020) · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 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 Jul 1981.

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

Where the money goes

96 cents of each dollar spent went to programs.

Program services 96% · $577K Management & general 4% · $24K

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

13 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
Frances White
Executive Di
$0Pt VII · Sec A
$0Pt VII · Sec A
Kevin Dietz
President
$0Pt VII · Sec A
Candi Thomson
Vice Preside
$0Pt VII · Sec A
Kayce Gerlach
Secretary/Tr
$0Pt VII · Sec A
Kelly Miller
Board Member
$0Pt VII · Sec A
Kory Menken
Board Member
$0Pt VII · Sec A
Heidi McBride
Board Member
$0Pt VII · Sec A
See Ally Dakota Development 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

Promotes economic development and provides technical assistance for business expansion in South Dakota and surrounding areas.

Provided by the organization

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2 programs · in their own filed words · FY2019
01

To promote, encourage and advance economic and community development in western south dakota. The organization administers the regional small business administration (sba) 504 loan program.

Pt IX · col B
02

Administers the lawrence county revolving loan program. Loans were funded through a grant from the us department of commerce economic development administration and lawrence county.

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 · funders on record
Grants received · FY2024
First District Development CompanyFY2024$2.5M
Total grants receivedfrom 1 funder$2.5M

By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$654K
Ln 12
Fees for servicesLn 2g$644K
Gifts and grantsLn 1h$8K
Investment incomeLn 3$2K
Money outPt IX
$601K
Ln 25
Programscol B$577K
Managementcol C$24K
Owns and owesPt X
$1.5M
net assets · Ln 32
Cash and savingsLn 1–2$454K
Total assetsLn 16$1.6M
LiabilitiesLn 26$129K
PeoplePt VI, VII
13
listed · VII A
PaidVII A0
Voting boardVI 1a11
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$8K
Fees for servicesLn 2g$644K
Investment incomeLn 3$2K
Total revenueLn 12$654K
Assets in detailPt X, end of year
CashLn 1$28K
SavingsLn 2$426K
Cash and savings togetherLn 1–2$454K
InvestmentsLn 11–13$101K
Other assetsLn 15$142K
Total assetsLn 16$1.6M
LiabilitiesLn 26$129K
Net assetsLn 32$1.5M
OperationsPt I, VI
EmployeesI 50
VolunteersI 611
Fiscal year endsHeaderSeptember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$440K$454K
InvestmentsLn 11–13$53K$101K
Total assetsLn 16$1.5M$1.6M
LiabilitiesLn 26$114K$129K
Net assetsLn 32$1.4M$1.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$147K$147K
Other salaries and wagesLn 7$221K$221K
Accounting feesLn 11c$11K$11K
Other fees for servicesLn 11g$5K$5K
Advertising and promotionLn 12$214$214
Office expensesLn 13$15K$14K$1K
Conferences, conventions and meetingsLn 19$11K$10K$508
InsuranceLn 23$6K$6K
Other expenses (24a–d)Ln 24$185K$185K
Total functional expensesLn 25$601K$577K$24K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $3.9M$1.1M$2.9M$5.6M 990 PDF
FY2024 $600K$600K$75$2.7M 990 PDF
FY2023 $538K$502K$37K$2.7M 990 PDF
FY2022 $973K$617K$356K$2.7M 990 PDF
FY2021 $1.6M$692K$868K$2.3M 990 PDF
FY2020 Viewing $654K$601K$53K$1.5M 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 FY2020 990 (4 parts)
Part VIII · Statement of revenue $653,661 across 5 lines filed
VIII-1b Membership dues$7,500
VIII-1h Total contributions, gifts and grants$7,500
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $644,440$644,440
VIII-3 Investment incomeExcluded from tax $1,721$1,721
VIII-12 Total revenueRelated to mission $644,440 · Excluded from tax $1,721$653,661
Part IX · Statement of functional expenses $601,010 across 9 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $147,150$147,150
IX-7 Other salaries and wagesPrograms $221,211$221,211
IX-11c Accounting feesManagement $10,953$10,953
IX-11g Other fees for servicesManagement $4,697$4,697
IX-12 Advertising and promotionManagement $214$214
IX-13 Office expensesPrograms $13,752 · Management $1,038$14,790
IX-19 Conferences, conventions and meetingsPrograms $10,466 · Management $508$10,974
IX-23 InsuranceManagement $6,371$6,371
IX-24 Other expenses (24a–d)Programs $184,650$184,650
IX-25 Total functional expensesPrograms $577,229 · Management $23,781 · Fundraising $0$601,010
Part X · Balance sheet $1,601,976 assets, 14 lines filed
Asset lines not itemized here account for $898,307; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $26,369$28,082
X-2 Savings and temporary cash investmentsStart of year $413,676$426,399
X-4 Accounts receivableStart of year $1,739$1,739
X-9 Prepaid expenses and deferred chargesStart of year $4,639$4,635
X-11 Publicly traded securitiesStart of year $53,005$100,815
X-15 Other assetsStart of year $190,746$141,999
X-16 Total assetsStart of year $1,534,066$1,601,976
X-17 Accounts payable and accrued expensesStart of year $106,963$122,222
X-25 Other liabilitiesStart of year $6,818$6,818
X-26 Total liabilitiesStart of year $113,781$129,040
X-27 Net assets without donor restrictionsStart of year $484,775$536,745
X-28 Net assets with donor restrictionsStart of year $935,510$936,191
X-32 Total net assets or fund balancesStart of year $1,420,285$1,472,936
X-33 Total liabilities and net assetsStart of year $1,534,066$1,601,976
Part XI · Reconciliation of net assets $1,472,936 net assets at year end
XI-1 Total revenue$653,661
XI-2 Total expenses$601,010
XI-3 Revenue less expenses$52,651
XI-4 Net assets at start of year$1,420,285
XI-10 Net assets at end of year$1,472,936

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

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