Prairie Development Corporation: FY2022 Nonprofit Profile & Form 990 (EIN 84-1043508)

Revenue by fiscal year
FY2020	$1.3M
FY2021	$126K
FY2022	$3.3M
FY2023	$281K
FY2024	$218K
FY2025	$231K

Expenses by fiscal year
FY2020	$320K
FY2021	$105K
FY2022	$3.2M
FY2023	$131K
FY2024	$144K
FY2025	$198K

Net assets by fiscal year
FY2020	$3.5M
FY2021	$3.5M
FY2022	$3.6M
FY2023	$3.8M
FY2024	$3.8M
FY2025	$3.9M

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Dec 1998.

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

Where the money goes

99 cents of each dollar spent went to programs.

99%

Program services 99% · $3.1M Management & general 1% · $41K

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

Candace Payne

Administrato

$0Pt VII · Sec A

Ed Rarick

Chairman

$0Pt VII · Sec A

Dorothy Stone

Vice Chair

$0Pt VII · Sec A

Jerry Allen

Secretary/Tr

$0Pt VII · Sec A

Steve Burgess

Board Member

$0Pt VII · Sec A

Rol Hudler

Board Member

$0Pt VII · Sec A

Robert Safranek

Board Member

$0Pt VII · Sec A

Grant Thayer

Board Member

$0Pt VII · Sec A

See Prairie 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 15aNo

Programs and updates

Provides loans and guarantees for low-income housing and business development.

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3 programs · $3.1M · in their own filed words · FY2022

01

Economic Development Programs

Guaranteed and direct loans up to 150,000 to businesses; prairie development corporation may loan 20,000 per each fte position of which 51% must be offered or filled by low-moderate income qualified people.

$3.1Mprogram expense

02

Community Housing Programs

Low or no interest loans to low-moderate income persons for rehabilitation of owner-occupied housing. Prairie development corporation also has an emergency home repair loan program and down payment assistance loan program for first time homebuyers meeting low-moderate income guidelines.

$20Kprogram expense

03

Office and Apartment Rental

Prairie development leases two apartments and sublets office space to the east central council of governments and the home agency (insurance company).

$19Kprogram 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 · 16 grants · $212K · 2022–2022

4r Capital LLCFY2022$15,000

Frangiosa Farms LLCFY2022$15,000

Advertising InnovationsFY2022$15,000

Pots & PetalsFY2022$15,000

Trends of AfricaFY2022$15,000

Golden Mountain MontessoriFY2022$15,000

Kinnon Entertainment INCFY2022$15,000

Cj Pena Enterprise LLCFY2022$15,000

Dl Services LLCFY2022$15,000

Ganalodge CorpFY2022$15,000

Highway 59 Grains LLCFY2022$15,000

Valley Automotive INCFY2022$10,633

Angela Fina Nails LLCFY2022$10,476

East Yuma County Historical SocietyCO · FY2022$10,461

Notty LLCFY2022$8,979

D&j Cafe LLCFY2022$6,599

By the numbers

The FY2022 990, line by line.

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from philanthropy.org

1The main four

Money inPt VIII

$3.3M

Ln 12

Gifts and grantsLn 1h$3.2M

Other incomeLn 4–11$58K

Fees for servicesLn 2g$40K

Money outPt IX

$3.2M

Ln 25

Programscol B$3.1M

Managementcol C$41K

Owns and owesPt X

$3.6M

net assets · Ln 32

Cash and savingsLn 1–2$2.1M

Total assetsLn 16$3.6M

LiabilitiesLn 26$27K

PeoplePt VI, VII

9

listed · VII A

PaidVII A0

Voting boardVI 1a8

IndependentVI 1b8

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$3.2M

Government grantsLn 1e$3.2M

Fees for servicesLn 2g$40K

Investment incomeLn 3$6K

Other incomeLn 4–11$58K

Total revenueLn 12$3.3M

Assets in detailPt X, end of year

CashLn 1$1.2M

SavingsLn 2$933K

Cash and savings togetherLn 1–2$2.1M

Land, buildings, equipmentLn 10c$144K

Total assetsLn 16$3.6M

LiabilitiesLn 26$27K

Net assetsLn 32$3.6M

OperationsPt I, VI

EmployeesI 50

VolunteersI 67

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 FY22	End FY22
Cash and savingsLn 1–2	$1.9M	$2.1M
Land, buildings, equipmentLn 10c	$132K	$144K
Total assetsLn 16	$3.5M	$3.6M
LiabilitiesLn 26	$4K	$27K
Net assetsLn 32	$3.5M	$3.6M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic organizationsLn 1	$212K	$212K
Advertising and promotionLn 12	$6K		$6K
Office expensesLn 13	$818	$278	$540
TravelLn 17	$5K	$4K	$1K
Depreciation, depletion and amortizationLn 22	$3K	$3K
Other expenses (24a–d)Ln 24	$2.9M	$2.9M	$28K
All other expensesLn 24e	$13K	$8K	$5K
Total functional expensesLn 25	$3.2M	$3.1M	$41K	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest	$231K	$198K	$33K	$3.9M	990 PDF
FY2024	$218K	$144K	$74K	$3.8M	990 PDF
FY2023	$281K	$131K	$150K	$3.8M	990 PDF
FY2022 Viewing	$3.3M	$3.2M	$92K	$3.6M	990 PDF
FY2021	$126K	$105K	$21K	$3.5M	990 PDF
FY2020	$1.3M	$320K	$932K	$3.5M	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 FY2022 990 (6 parts)

Part I · Summary $3,272,612 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $16,123$3,169,265

I-9 Program service revenuePrior year $40,013$39,612

I-10 Investment incomePrior year $7,144$5,710

I-11 Other revenuePrior year $62,908$58,025

I-12 Total revenuePrior year $126,188$3,272,612

I-13 Grants and similar amounts paid$212,148

I-14 Benefits paid to members$0

I-15 Salaries and benefits$0

I-16a Professional fundraising fees$0

I-17 Other expensesPrior year $105,217$2,968,713

I-18 Total expensesPrior year $105,217$3,180,861

I-19 Revenue less expensesPrior year $20,971$91,751

Part VI · Governance 8 of 8 board members independent, 4 to look at

VI-1a Voting members of the governing body8

VI-1b Independent voting members8

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 $3,272,612 across 7 lines filed

VIII-1e Government grants$3,166,088

VIII-1f All other contributions, gifts and grants$3,177

VIII-1h Total contributions, gifts and grants$3,169,265

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $39,612$39,612

VIII-3 Investment incomeRelated to mission $5,710$5,710

VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $58,025$58,025

VIII-12 Total revenueRelated to mission $103,347$3,272,612

Part IX · Statement of functional expenses $3,180,861 across 7 lines filed

IX-1 Grants to domestic organizationsPrograms $212,148$212,148

IX-12 Advertising and promotionManagement $5,973$5,973

IX-13 Office expensesPrograms $278 · Management $540$818

IX-17 TravelPrograms $3,553 · Management $1,435$4,988

IX-22 Depreciation, depletion and amortizationPrograms $2,931$2,931

IX-24 Other expenses (24a–d)Programs $2,913,066 · Management $27,852$2,940,918

IX-24e All other expensesPrograms $7,814 · Management $5,271$13,085

IX-25 Total functional expensesPrograms $3,139,790 · Management $41,071 · Fundraising $0$3,180,861

Part X · Balance sheet $3,628,943 assets, 11 lines filed

Asset lines not itemized here account for $1,338,537; see the IRS return.

X-1 Cash, non-interest-bearingStart of year $1,010,080$1,212,574

X-2 Savings and temporary cash investmentsStart of year $927,955$933,361

X-10c Land, buildings and equipment, netStart of year $131,877$144,471

X-16 Total assetsStart of year $3,514,157$3,628,943

X-17 Accounts payable and accrued expensesStart of year $3,552$26,287

X-25 Other liabilitiesStart of year $500$800

X-26 Total liabilitiesStart of year $4,052$27,087

X-27 Net assets without donor restrictionsStart of year $339,980$375,415

X-28 Net assets with donor restrictionsStart of year $3,170,125$3,226,441

X-32 Total net assets or fund balancesStart of year $3,510,105$3,601,856

X-33 Total liabilities and net assetsStart of year $3,514,157$3,628,943

Part XI · Reconciliation of net assets $3,601,856 net assets at year end

XI-1 Total revenue$3,272,612

XI-2 Total expenses$3,180,861

XI-3 Revenue less expenses$91,751

XI-4 Net assets at start of year$3,510,105

XI-10 Net assets at end of year$3,601,856

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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Prairie Development Corporation FY2022 filing

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 Prairie Development Corporation

Economic Development Programs

Community Housing Programs

Office and Apartment Rental

Funders

Grants

By the numbers

Filing history

Schedules filed Part IV