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Webster Area Development Corporation INC FY2020 filing

Tax-deductible

Webster, SD501(c)(3)Community DevelopmentEIN 46-0437892Revenue −$125K in FY2020

On file with the IRSPo Box 6, 57274-0006 · Webster, SDTax-exempt since Dec 1995Publicly supported charity — 170(b)(1)(A)(vi)

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Promote and develop economic activities in day county

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
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
Yes
Donations are tax-deductible
Looks good: the IRS lists 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
3 of 6
filings with a surplus
Average surplus $106K a year · 47% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
102 mo
of spending, in cash
Looks good: 102.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $10K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
−$125K
Spent
$108K
To programs
100%
Net assets
$1.5M
By yearFY2020–FY2025
Revenue
−$125K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020−$125K
FY2021$195K
FY2022$80K
FY2023$821K
FY2024$109K
FY2025$260K
Expenses
$108K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$108K
FY2021$45K
FY2022$96K
FY2023$106K
FY2024$154K
FY2025$197K
Net assets
$1.5M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$1.5M
FY2021$1.7M
FY2022$1.7M
FY2023$2.4M
FY2024$2.3M
FY2025$2.4M

From the FY2020 Form 990 · see the original

Form 990 (PDF) Claim
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 Dec 1995.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $108K

Form 990 Part IX, line 25. 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
G Todd Garry
Secretary/Tr
$0Pt VII · Sec A
Dave Hahler
Vice Preside
$0Pt VII · Sec A
Jessi Hegg
Director
$0Pt VII · Sec A
Tim Mammenga
Director
$0Pt VII · Sec A
Tim McIntyre
Director
$0Pt VII · Sec A
Kathy Meland
Director
$0Pt VII · Sec A
Dan Menking
Director
$0Pt VII · Sec A
Tom Sannes
President
$0Pt VII · Sec A
See Webster Area Development Corporation 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 15aNo

Programs and updates

Develops and promotes economic activities in Day County.

Questions for Webster Area Development Corporation INC

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Provided by the organization

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1 program · in their own filed words · FY2020
01

Promote and develop economic activities in day 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 · FY2023
Lake Region Electric Association INCFY2023$10K
Amazonsmile FoundationFY2023$24
Total grants receivedfrom 2 funders$10K

By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
−$125K
Ln 12
Fees for servicesLn 2g$100K
Gifts and grantsLn 1h$84K
Investment incomeLn 3$483
Money outPt IX
$108K
Ln 25
Programscol B$108K
Owns and owesPt X
$1.5M
net assets · Ln 32
Cash and savingsLn 1–2$923K
Total assetsLn 16$1.5M
LiabilitiesLn 26$0
PeoplePt VI, VII
9
listed · VII A
PaidVII A0
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$84K
Government grantsLn 1e$77K
Noncash giftsLn 1g$5K
Fees for servicesLn 2g$100K
Investment incomeLn 3$483
Gains on assetsLn 7−$308K
Total revenueLn 12−$125K
Assets in detailPt X, end of year
CashLn 1$9K
SavingsLn 2$914K
Cash and savings togetherLn 1–2$923K
Land, buildings, equipmentLn 10c$585K
Total assetsLn 16$1.5M
LiabilitiesLn 26$0
Net assetsLn 32$1.5M
OperationsPt I, VI
EmployeesI 51
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 FY20End FY20
Cash and savingsLn 1–2$534K$923K
Land, buildings, equipmentLn 10c$1.3M$585K
Total assetsLn 16$1.8M$1.5M
LiabilitiesLn 26$51K$0
Net assetsLn 32$1.8M$1.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$40K$40K
Payroll taxesLn 10$3K$3K
Accounting feesLn 11c$6K$6K
Other fees for servicesLn 11g$6K$6K
Advertising and promotionLn 12$2K$2K
Office expensesLn 13$1K$1K
OccupancyLn 16$16K$16K
TravelLn 17$565$565
InterestLn 20$898$898
Depreciation, depletion and amortizationLn 22$32K$32K
InsuranceLn 23$1K$1K
Total functional expensesLn 25$108K$108K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $260K$197K$63K$2.4M 990 PDF
FY2024 $109K$154K−$45K$2.3M 990 PDF
FY2023 $821K$106K$715K$2.4M 990 PDF
FY2022 $80K$96K−$16K$1.7M 990 PDF
FY2021 $195K$45K$150K$1.7M 990 PDF
FY2020 Viewing −$125K$108K−$233K$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 (6 parts)
Part I · Summary −$124,897 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $89,366$83,541
I-9 Program service revenuePrior year $112,830$99,518
I-10 Investment incomePrior year $1,169−$307,956
I-11 Other revenue$0
I-12 Total revenuePrior year $203,365−$124,897
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $41,025$42,640
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $84,256$65,364
I-18 Total expensesPrior year $125,281$108,004
I-19 Revenue less expensesPrior year $78,084−$232,901
Part VI · Governance 9 of 9 board members independent, 4 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue −$124,897 across 8 lines filed
VIII-1e Government grants$76,800
VIII-1f All other contributions, gifts and grants$6,741
VIII-1g Noncash contributions (included above)$4,800
VIII-1h Total contributions, gifts and grants$83,541
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $99,518$99,518
VIII-3 Investment incomeRelated to mission $483$483
VIII-7 Net gain or loss on sales of assetsRelated to mission −$308,439−$308,439
VIII-12 Total revenueRelated to mission −$208,438−$124,897
Part IX · Statement of functional expenses $108,004 across 11 lines filed
IX-7 Other salaries and wagesPrograms $39,610$39,610
IX-10 Payroll taxesPrograms $3,030$3,030
IX-11c Accounting feesPrograms $6,000$6,000
IX-11g Other fees for servicesPrograms $5,812$5,812
IX-12 Advertising and promotionPrograms $2,229$2,229
IX-13 Office expensesPrograms $1,402$1,402
IX-16 OccupancyPrograms $15,555$15,555
IX-17 TravelPrograms $565$565
IX-20 InterestPrograms $898$898
IX-22 Depreciation, depletion and amortizationPrograms $31,827$31,827
IX-23 InsurancePrograms $1,076$1,076
IX-25 Total functional expensesPrograms $108,004 · Management $0 · Fundraising $0$108,004
Part X · Balance sheet $1,528,461 assets, 8 lines filed
Asset lines not itemized here account for $20,587; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $6,081$8,623
X-2 Savings and temporary cash investmentsStart of year $527,983$914,236
X-10c Land, buildings and equipment, netStart of year $1,256,356$585,015
X-16 Total assetsStart of year $1,812,493$1,528,461
X-26 Total liabilitiesStart of year $51,131$0
X-27 Net assets without donor restrictionsStart of year $1,419,962$1,528,461
X-32 Total net assets or fund balancesStart of year $1,761,362$1,528,461
X-33 Total liabilities and net assetsStart of year $1,812,493$1,528,461
Part XI · Reconciliation of net assets $1,528,461 net assets at year end
XI-1 Total revenue−$124,897
XI-2 Total expenses$108,004
XI-3 Revenue less expenses−$232,901
XI-4 Net assets at start of year$1,761,362
XI-10 Net assets at end of year$1,528,461

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

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