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Webster Area Development Corporation INC FY2023 filing

Tax-deductible

Webster, SD501(c)(3)Community DevelopmentEIN 46-0437892Revenue $821K in FY2023

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

FY2023 · 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
68 mo
of spending, in cash
Looks good: 68.3 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
$435
0.02% 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
$821K
×10 vs prior year
Spent
$106K
To programs
100%
Net assets
$2.4M
By yearFY2020–FY2025
Revenue
$821K
FY2023▲ ×10
Tap a bar for its year
Revenue by fiscal year
FY2020−$125K
FY2021$195K
FY2022$80K
FY2023$821K
FY2024$109K
FY2025$260K
Expenses
$106K
FY2023▲ +10%
Tap a bar for its year
Expenses by fiscal year
FY2020$108K
FY2021$45K
FY2022$96K
FY2023$106K
FY2024$154K
FY2025$197K
Net assets
$2.4M
FY2023▲ +43%
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 FY2023 Form 990 · see the original

990 PDF Claim
You’re viewing the FY2023 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% · $106K

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

10 people listed on the 990.

Part VII, Section A · reportable compensation
Dave Hahler
Director
$0Pt VII · Sec A
Kelly Hanson
President
$0Pt VII · Sec A
Jessi Hegg
Director
$0Pt VII · Sec A
Tim McIntyre
Director
$0Pt VII · Sec A
Kathy Meland
Director
$0Pt VII · Sec A
Amy Miller
Director
$0Pt VII · Sec A
Tom Sannes
Director
$0Pt VII · Sec A
Ryan Wagner
Director
$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.

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Provided by the organization

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1 program · in their own filed words · FY2023
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 FY2023 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$821K
Ln 12
Gifts and grantsLn 1h$778K
Fees for servicesLn 2g$40K
Investment incomeLn 3$4K
Money outPt IX
$106K
Ln 25
Programscol B$106K
Owns and owesPt X
$2.4M
net assets · Ln 32
Cash and savingsLn 1–2$605K
Total assetsLn 16$2.4M
LiabilitiesLn 26$435
PeoplePt VI, VII
10
listed · VII A
PaidVII A0
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$778K
Government grantsLn 1e$54K
Noncash giftsLn 1g$721K
Fees for servicesLn 2g$40K
Investment incomeLn 3$4K
Total revenueLn 12$821K
Assets in detailPt X, end of year
CashLn 1$6K
SavingsLn 2$599K
Cash and savings togetherLn 1–2$605K
Land, buildings, equipmentLn 10c$1.7M
Total assetsLn 16$2.4M
LiabilitiesLn 26$435
Net assetsLn 32$2.4M
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 FY23End FY23
Cash and savingsLn 1–2$694K$605K
Land, buildings, equipmentLn 10c$969K$1.7M
Total assetsLn 16$1.7M$2.4M
LiabilitiesLn 26$446$435
Net assetsLn 32$1.7M$2.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$42K$42K
Payroll taxesLn 10$3K$3K
Other fees for servicesLn 11g$6K$6K
Advertising and promotionLn 12$57$57
Office expensesLn 13$2K$2K
OccupancyLn 16$36K$36K
TravelLn 17$583$583
Depreciation, depletion and amortizationLn 22$16K$16K
InsuranceLn 23$1K$1K
Total functional expensesLn 25$106K$106K$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 Viewing $821K$106K$715K$2.4M 990 PDF
FY2022 $80K$96K−$16K$1.7M 990 PDF
FY2021 $195K$45K$150K$1.7M 990 PDF
FY2020 −$125K$108K−$233K$1.5M 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 M · Noncash O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $821,467 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $44,950$777,723
I-9 Program service revenuePrior year $34,409$39,904
I-10 Investment incomePrior year $958$3,840
I-11 Other revenue$0
I-12 Total revenuePrior year $80,317$821,467
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $25,779$44,227
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $70,651$62,051
I-18 Total expensesPrior year $96,430$106,278
I-19 Revenue less expensesPrior year −$16,113$715,189
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 $821,467 across 7 lines filed
VIII-1e Government grants$54,500
VIII-1f All other contributions, gifts and grants$723,223
VIII-1g Noncash contributions (included above)$721,000
VIII-1h Total contributions, gifts and grants$777,723
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $39,904$39,904
VIII-3 Investment incomeRelated to mission $3,840$3,840
VIII-12 Total revenueRelated to mission $43,744$821,467
Part IX · Statement of functional expenses $106,278 across 9 lines filed
IX-7 Other salaries and wagesPrograms $41,550$41,550
IX-10 Payroll taxesPrograms $2,677$2,677
IX-11g Other fees for servicesPrograms $6,409$6,409
IX-12 Advertising and promotionPrograms $57$57
IX-13 Office expensesPrograms $1,860$1,860
IX-16 OccupancyPrograms $35,886$35,886
IX-17 TravelPrograms $583$583
IX-22 Depreciation, depletion and amortizationPrograms $16,159$16,159
IX-23 InsurancePrograms $1,097$1,097
IX-25 Total functional expensesPrograms $106,278 · Management $0 · Fundraising $0$106,278
Part X · Balance sheet $2,378,275 assets, 9 lines filed
Asset lines not itemized here account for $59,707; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $6,480$6,377
X-2 Savings and temporary cash investmentsStart of year $687,695$598,829
X-10c Land, buildings and equipment, netStart of year $968,922$1,713,362
X-16 Total assetsStart of year $1,663,097$2,378,275
X-25 Other liabilitiesStart of year $446$435
X-26 Total liabilitiesStart of year $446$435
X-27 Net assets without donor restrictionsStart of year $1,662,651$2,377,840
X-32 Total net assets or fund balancesStart of year $1,662,651$2,377,840
X-33 Total liabilities and net assetsStart of year $1,663,097$2,378,275
Part XI · Reconciliation of net assets $2,377,840 net assets at year end
XI-1 Total revenue$821,467
XI-2 Total expenses$106,278
XI-3 Revenue less expenses$715,189
XI-4 Net assets at start of year$1,662,651
XI-10 Net assets at end of year$2,377,840

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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