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South Central Development Corporation FY2024 filing

Not tax-deductible

Winner, SD501(c)(6)Mutual / membership EIN 46-0397166Revenue $165K in FY2024

On file with the IRSwinnersd.com/developmentPo Box 624, 57580-0624 · Winner, SDTax-exempt since Nov 1988

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Promote economic Development

501(c)(6) business league; gifts are not tax-deductible as charitable contributions.
98¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2024 · 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
4 of 6
filings with a surplus
Average surplus $14K a year · 12% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
98%
of spending
Looks good: 98% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
19 mo
of spending, in cash
Looks good: 19.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$7K
0.7% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
88
of 88 voting members
Looks good: 88 of 88 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$165K
+159% vs prior year
Spent
$112K
To programs
98%
Net assets
$960K
By yearFY2020–FY2025
Revenue
$165K
FY2024▲ +159%
Tap a bar for its year
Revenue by fiscal year
FY2020$62K
FY2021$91K
FY2022$46K
FY2023$64K
FY2024$165K
FY2025$265K
Expenses
$112K
FY2024▲ +52%
Tap a bar for its year
Expenses by fiscal year
FY2020$49K
FY2021$57K
FY2022$65K
FY2023$74K
FY2024$112K
FY2025$254K
Net assets
$960K
FY2024▲ +6%
Tap a bar for its year
Net assets by fiscal year
FY2020$895K
FY2021$929K
FY2022$911K
FY2023$902K
FY2024$960K
FY2025$973K

From the FY2024 Form 990 · see the original

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You’re viewing the FY2024 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 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.

Program services 98% · $110K Management & general 2% · $3K

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

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
John Meyer
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Casey Heenan
Director
$0Pt VII · Sec A
Brenda Klein
Director
$0Pt VII · Sec A
See South Central Development Corporation 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

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

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Provided by the organization

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2 programs · $47K · in their own filed words · FY2024
01

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

$47Kprogram expense
02

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

$801program 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 FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$165K
Ln 12
Fees for servicesLn 2g$82K
Gifts and grantsLn 1h$73K
Investment incomeLn 3$10K
Money outPt IX
$112K
Ln 25
Programscol B$110K
Managementcol C$3K
Owns and owesPt X
$960K
net assets · Ln 32
Cash and savingsLn 1–2$180K
Total assetsLn 16$967K
LiabilitiesLn 26$7K
PeoplePt VI, VII
9
listed · VII A
PaidVII A0
Voting boardVI 1a88
IndependentVI 1b88
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$73K
Government grantsLn 1e$30K
Fees for servicesLn 2g$82K
Investment incomeLn 3$10K
Other incomeLn 4–11$196
Gains on assetsLn 7$8K
Total revenueLn 12$165K
Assets in detailPt X, end of year
CashLn 1$46K
SavingsLn 2$134K
Cash and savings togetherLn 1–2$180K
Land, buildings, equipmentLn 10c$18K
Other assetsLn 15$35K
Total assetsLn 16$967K
LiabilitiesLn 26$7K
Net assetsLn 32$960K
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
LineStart FY24End FY24
Cash and savingsLn 1–2$266K$180K
Land, buildings, equipmentLn 10c$18K$18K
Total assetsLn 16$902K$967K
LiabilitiesLn 26$0$7K
Net assetsLn 32$902K$960K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$1K$1K
Other salaries and wagesLn 7$29K$29K
Payroll taxesLn 10$2K$2K
Legal feesLn 11b$799$799
Accounting feesLn 11c$2K$2K
Advertising and promotionLn 12$194$194
Office expensesLn 13$21K$21K
OccupancyLn 16$10K$10K
TravelLn 17$2K$2K
Conferences, conventions and meetingsLn 19$664$664
InsuranceLn 23$4K$4K
Other expenses (24a–d)Ln 24$38K$38K
All other expensesLn 24e$1K$1K
Total functional expensesLn 25$112K$110K$3K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $265K$254K$11K$973K 990 PDF
FY2024 Viewing $165K$112K$52K$960K 990 PDF
FY2023 $64K$74K−$10K$902K 990 PDF
FY2022 $46K$65K−$19K$911K 990 PDF
FY2021 $91K$57K$34K$929K 990 PDF
FY2020 $62K$49K$13K$895K 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 FY2024 990 (6 parts)
Part I · Summary $164,911 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $40,000$72,740
I-9 Program service revenuePrior year $15,166$82,306
I-10 Investment incomePrior year $7,360$9,669
I-11 Other revenuePrior year $1,105$196
I-12 Total revenuePrior year $63,631$164,911
I-13 Grants and similar amounts paidPrior year $34,500$1,000
I-14 Benefits paid to members$0
I-15 Salaries and benefits$30,933
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $39,273$80,485
I-18 Total expensesPrior year $73,773$112,418
I-19 Revenue less expensesPrior year −$10,142$52,493
Part VI · Governance 88 of 88 board members independent, 3 to look at
VI-1a Voting members of the governing body88
VI-1b Independent voting members88
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 $164,911 across 8 lines filed
VIII-1e Government grants$30,000
VIII-1f All other contributions, gifts and grants$42,740
VIII-1h Total contributions, gifts and grants$72,740
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $14,888 · Unrelated business $67,418$82,306
VIII-3 Investment incomeRelated to mission $1,613$1,613
VIII-7 Net gain or loss on sales of assetsRelated to mission $8,056$8,056
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $196$196
VIII-12 Total revenueRelated to mission $24,753 · Unrelated business $67,418$164,911
Part IX · Statement of functional expenses $112,418 across 13 lines filed
IX-1 Grants to domestic organizationsPrograms $1,000$1,000
IX-7 Other salaries and wagesPrograms $28,599$28,599
IX-10 Payroll taxesPrograms $2,334$2,334
IX-11b Legal feesManagement $799$799
IX-11c Accounting feesManagement $1,906$1,906
IX-12 Advertising and promotionPrograms $194$194
IX-13 Office expensesPrograms $21,098$21,098
IX-16 OccupancyPrograms $9,815$9,815
IX-17 TravelPrograms $1,904$1,904
IX-19 Conferences, conventions and meetingsPrograms $664$664
IX-23 InsurancePrograms $4,315$4,315
IX-24 Other expenses (24a–d)Programs $38,432$38,432
IX-24e All other expensesPrograms $1,358$1,358
IX-25 Total functional expensesPrograms $109,713 · Management $2,705 · Fundraising $0$112,418
Part X · Balance sheet $966,591 assets, 9 lines filed
Asset lines not itemized here account for $733,228; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $16,835$46,107
X-2 Savings and temporary cash investmentsStart of year $249,200$133,987
X-10c Land, buildings and equipment, netStart of year $18,269$18,269
X-15 Other assets$35,000
X-16 Total assetsStart of year $901,975$966,591
X-17 Accounts payable and accrued expenses$6,873
X-26 Total liabilitiesStart of year $0$6,873
X-32 Total net assets or fund balancesStart of year $901,975$959,718
X-33 Total liabilities and net assetsStart of year $901,975$966,591
Part XI · Reconciliation of net assets $959,718 net assets at year end
XI-1 Total revenue$164,911
XI-2 Total expenses$112,418
XI-3 Revenue less expenses$52,493
XI-4 Net assets at start of year$901,975
XI-9 Other changes in net assets$5,250
XI-10 Net assets at end of year$959,718

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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