South Central Development Corporation: Nonprofit Profile, Financials & Form 990 (EIN 46-0397166)

Revenue by fiscal year
FY2020	$62K
FY2021	$91K
FY2022	$46K
FY2023	$64K
FY2024	$165K
FY2025	$265K

Expenses by fiscal year
FY2020	$49K
FY2021	$57K
FY2022	$65K
FY2023	$74K
FY2024	$112K
FY2025	$254K

Net assets by fiscal year
FY2020	$895K
FY2021	$929K
FY2022	$911K
FY2023	$902K
FY2024	$960K
FY2025	$973K

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Nov 1988.

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

Where the money goes

98 cents of each dollar spent went to programs.

98%

Program services 98% · $250K Management & general 2% · $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

9 people listed on the 990.

Part VII, Section A · reportable compensation

Kelly Meiners

President

$0Pt VII · Sec A

James Mathis

Vice Preside

$0Pt VII · Sec A

Dan Patmore

Secretary

$0Pt VII · Sec A

Blake Tideman

Treasurer

$0Pt VII · Sec A

Brenda Klein

Director

$0Pt VII · Sec A

Casey Heenan

Director

$0Pt VII · Sec A

Craig Schaeffer

Director

$0Pt VII · Sec A

John Meyer

Director

$0Pt VII · Sec A

See South Central 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 2No
Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

South Central Development Corporation is a business league or trade association based in Winner, SD.

Questions for South Central Development Corporation

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2 programs · $50K · in their own filed words · FY2025

01

They have an ongoing effort working to encourage businesses to locate to the winner, SD, area.

Form 990 Part III, line 4, FY2025. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 46-0397166) · Dispute this line

$50Kprogram expense

02

Maintains a revolving loan fund. Currently they have twelve low-interest loans they are maintaining.

Form 990 Part III, line 4, FY2025. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 46-0397166) · Dispute this line

$353program 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 · $38K · 2023–2025

Unitemized GrantFY2025$8,000

Individual RecipientFY2023$30,000

By the numbers

The FY2025 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$265K

Ln 12

Fees for servicesLn 2g$229K

Gifts and grantsLn 1h$35K

Investment incomeLn 3$780

Money outPt IX

$254K

Ln 25

Programscol B$250K

Managementcol C$4K

Owns and owesPt X

$973K

net assets · Ln 32

Cash and savingsLn 1–2$230K

Total assetsLn 16$980K

LiabilitiesLn 26$7K

PeoplePt VI, VII

9

listed · VII A

PaidVII A0

Voting boardVI 1a93

IndependentVI 1b93

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$35K

Government grantsLn 1e$28K

Fees for servicesLn 2g$229K

Investment incomeLn 3$780

Other incomeLn 4–11$290

Total revenueLn 12$265K

Assets in detailPt X, end of year

CashLn 1$65K

SavingsLn 2$165K

Cash and savings togetherLn 1–2$230K

Notes and loans receivableLn 7$695K

Prepaid expenses and deferred chargesLn 9$360

Land, buildings, equipmentLn 10c$18K

Other assetsLn 15$36K

Total assetsLn 16$980K

LiabilitiesLn 26$7K

Net assetsLn 32$973K

OperationsPt I, VI

EmployeesI 59

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 FY25	End FY25
Cash and savingsLn 1–2	$180K	$230K
Land, buildings, equipmentLn 10c	$18K	$18K
Total assetsLn 16	$967K	$980K
LiabilitiesLn 26	$7K	$7K
Net assetsLn 32	$960K	$973K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic individualsLn 2	$8K
Other salaries and wagesLn 7	$106K
Payroll taxesLn 10	$8K
Accounting feesLn 11c	$4K
Advertising and promotionLn 12	$730
Office expensesLn 13	$60K
OccupancyLn 16	$13K
TravelLn 17	$8K
InterestLn 20	$5
InsuranceLn 23	$5K
Other expenses (24a–d)Ln 24	$40K
All other expensesLn 24e	$389
Total functional expensesLn 25	$254K	$0	$0	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest ViewingFiled with the IRS Jul 13, 2026	$265K	$254K	$11K	$973K	990 PDF
FY2024Filed with the IRS May 27, 2025	$165K	$112K	$52K	$960K	990 PDF
FY2023Filed with the IRS Feb 6, 2024	$64K	$74K	−$10K	$902K	990 PDF
FY2022Filed with the IRS Feb 13, 2023	$46K	$65K	−$19K	$911K	990 PDF
FY2021Filed with the IRS Feb 3, 2022	$91K	$57K	$34K	$929K	990 PDF
FY2020Filed with the IRS Apr 15, 2021	$62K	$49K	$13K	$895K	990 PDF

Schedules filed Part IV

D · Assets and endowments I · Grants O · Explanations

See the full FY2025 990

Part I · Summary $265,447 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $72,740$35,055

I-9 Program service revenuePrior year $82,306$229,322

I-10 Investment incomePrior year $9,669$780

I-11 Other revenuePrior year $196$290

I-12 Total revenuePrior year $164,911$265,447

I-13 Grants and similar amounts paidPrior year $1,000$8,000

I-14 Benefits paid to members$0

I-15 Salaries and benefitsPrior year $30,933$114,654

I-16a Professional fundraising fees$0

I-17 Other expensesPrior year $80,485$131,520

I-18 Total expensesPrior year $112,418$254,174

I-19 Revenue less expensesPrior year $52,493$11,273

Part VI · Governance 93 of 93 board members independent, 3 to look at

VI-1a Voting members of the governing body93

VI-1b Independent voting members93

VI-12a Written conflict of interest policyNo

VI-13 Written whistleblower policyNo

VI-14 Document retention and destruction policyNo

VI-2 Family or business relationship among officers or directorsNo

VI-15a Process for setting top official's payYes

Part VIII · Statement of revenue $265,447 across 7 lines filed

VIII-1e Government grants$27,500

VIII-1f All other contributions, gifts and grants$7,555

VIII-1h Total contributions, gifts and grants$35,055

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $16,685 · Unrelated business $212,637$229,322

VIII-3 Investment incomeRelated to mission $780$780

VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $290$290

VIII-12 Total revenueRelated to mission $17,755 · Unrelated business $212,637$265,447

Part IX · Statement of functional expenses $254,174 across 12 lines filed

IX-2 Grants to domestic individuals$8,000

IX-7 Other salaries and wages$106,203

IX-10 Payroll taxes$8,451

IX-11c Accounting fees$3,831

IX-12 Advertising and promotion$730

IX-13 Office expenses$60,107

IX-16 Occupancy$13,011

IX-17 Travel$8,311

IX-20 Interest$5

IX-23 Insurance$5,119

IX-24 Other expenses (24a–d)$40,017

IX-24e All other expenses$389

IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$254,174

Part X · Balance sheet $979,927 assets, 13 lines filed

X-1 Cash, non-interest-bearingStart of year $46,107$65,229

X-2 Savings and temporary cash investmentsStart of year $133,987$165,031

X-7 Notes and loans receivableStart of year $733,228$695,181

X-9 Prepaid expenses and deferred charges$360

X-10c Land, buildings and equipment, netStart of year $18,269$18,269

X-15 Other assetsStart of year $35,000$35,857

X-16 Total assetsStart of year $966,591$979,927

X-17 Accounts payable and accrued expensesStart of year $6,873$7,426

X-26 Total liabilitiesStart of year $6,873$7,426

X-29 Capital stock or trust principalStart of year $104,650$106,160

X-31 Retained earnings or endowmentStart of year $855,068$866,341

X-32 Total net assets or fund balancesStart of year $959,718$972,501

X-33 Total liabilities and net assetsStart of year $966,591$979,927

Part XI · Reconciliation of net assets $972,501 net assets at year end

XI-1 Total revenue$265,447

XI-2 Total expenses$254,174

XI-3 Revenue less expenses$11,273

XI-4 Net assets at start of year$959,718

XI-9 Other changes in net assets$1,510

XI-10 Net assets at end of year$972,501

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

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South Central Development Corporation

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 South Central Development Corporation

Funders

Grants

By the numbers

Filing history

Schedules filed Part IV

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