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Ally Dakota Development INC FY2021 filing

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

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

FY2021 · 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
14 mo
of spending, in cash
Looks good: 14.5 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
$154K
6% of total assets
Looks good: liabilities are 6% 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
$1.6M
+139% vs prior year
Spent
$692K
To programs
96%
Net assets
$2.3M
By yearFY2020–FY2025
Revenue
$1.6M
FY2021▲ +139%
Revenue by fiscal year
FY2020$654K
FY2021$1.6M
FY2022$973K
FY2023$538K
FY2024$600K
FY2025$3.9M
Expenses
$692K
FY2021▲ +15%
Expenses by fiscal year
FY2020$601K
FY2021$692K
FY2022$617K
FY2023$502K
FY2024$600K
FY2025$1.1M
Net assets
$2.3M
FY2021▲ +59%
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 FY2021 Form 990 (year ending September 2021) · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 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% · $667K Management & general 4% · $25K

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

Who runs it and what they're paid

13 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 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

This section is blank until Ally Dakota Development INC claims this page.

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2 program services, described in the organization's own filed words · FY2020.
01

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

Pt IX · col B
02

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

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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 FY2021 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$1.6M
Ln 12
Gifts and grantsLn 1h$871K
Fees for servicesLn 2g$680K
Other incomeLn 4–11$7K
Money outPt IX
$692K
Ln 25
Programscol B$667K
Managementcol C$25K
Owns and owesPt X
$2.3M
net assets · Ln 32
Cash and savingsLn 1–2$834K
Total assetsLn 16$2.5M
LiabilitiesLn 26$154K
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$871K
Government grantsLn 1e$842K
Fees for servicesLn 2g$680K
Investment incomeLn 3$2K
Other incomeLn 4–11$7K
Total revenueLn 12$1.6M
Assets in detailPt X, end of year
CashLn 1$33K
SavingsLn 2$801K
Cash and savings togetherLn 1–2$834K
InvestmentsLn 11–13$103K
Other assetsLn 15$42K
Total assetsLn 16$2.5M
LiabilitiesLn 26$154K
Net assetsLn 32$2.3M
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 FY21End FY21
Cash and savingsLn 1–2$454K$834K
InvestmentsLn 11–13$101K$103K
Total assetsLn 16$1.6M$2.5M
LiabilitiesLn 26$129K$154K
Net assetsLn 32$1.5M$2.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$77K$77K
Other salaries and wagesLn 7$307K$307K
Accounting feesLn 11c$11K$11K
Other fees for servicesLn 11g$2K$2K
Office expensesLn 13$16K$15K$120
TravelLn 17$530$530
Conferences, conventions and meetingsLn 19$7K$7K
InsuranceLn 23$11K$11K
Other expenses (24a–d)Ln 24$259K$259K
All other expensesLn 24e$558$558
Total functional expensesLn 25$692K$667K$25K$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 Viewing $1.6M$692K$868K$2.3M 990 PDF
FY2020 $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 FY2021 990 (4 parts)
Part VIII · Statement of revenue $1,560,203 across 8 lines filed
VIII-1b Membership dues$10,775
VIII-1e Government grants$842,004
VIII-1f All other contributions, gifts and grants$18,500
VIII-1h Total contributions, gifts and grants$871,279
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $680,162$680,162
VIII-3 Investment incomeExcluded from tax $1,944$1,944
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $6,818$6,818
VIII-12 Total revenueRelated to mission $680,162 · Excluded from tax $8,762$1,560,203
Part IX · Statement of functional expenses $692,109 across 10 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $77,192$77,192
IX-7 Other salaries and wagesPrograms $306,945$306,945
IX-11c Accounting feesManagement $10,669$10,669
IX-11g Other fees for servicesManagement $2,402$2,402
IX-13 Office expensesPrograms $15,448 · Management $120$15,568
IX-17 TravelManagement $530$530
IX-19 Conferences, conventions and meetingsPrograms $7,408$7,408
IX-23 InsuranceManagement $11,484$11,484
IX-24 Other expenses (24a–d)Programs $259,353$259,353
IX-24e All other expensesPrograms $558$558
IX-25 Total functional expensesPrograms $666,904 · Management $25,205 · Fundraising $0$692,109
Part X · Balance sheet $2,495,222 assets, 13 lines filed
Asset lines not itemized here account for $1,505,353; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $28,082$32,505
X-2 Savings and temporary cash investmentsStart of year $426,399$801,279
X-4 Accounts receivableStart of year $1,739$1,706
X-9 Prepaid expenses and deferred chargesStart of year $4,635$9,357
X-11 Publicly traded securitiesStart of year $100,815$102,688
X-15 Other assetsStart of year $141,999$42,334
X-16 Total assetsStart of year $1,601,976$2,495,222
X-17 Accounts payable and accrued expensesStart of year $122,222$154,192
X-26 Total liabilitiesStart of year $129,040$154,192
X-27 Net assets without donor restrictionsStart of year $536,745$1,540,756
X-28 Net assets with donor restrictionsStart of year $936,191$800,274
X-32 Total net assets or fund balancesStart of year $1,472,936$2,341,030
X-33 Total liabilities and net assetsStart of year $1,601,976$2,495,222
Part XI · Reconciliation of net assets $2,341,030 net assets at year end
XI-1 Total revenue$1,560,203
XI-2 Total expenses$692,109
XI-3 Revenue less expenses$868,094
XI-4 Net assets at start of year$1,472,936
XI-10 Net assets at end of year$2,341,030

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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