Downtown Brookings creates economic vitality by educating, connecting, and creating opportunity. The Board of Directors and ExecutiveDirector conduct the economic vitality activities. Economic vitality activities take place in the Central Business District of Brookings, SD. Fiftypercent of the time is allocated to economic vitality. The activity is funded through donations, grants, fees, and municipal funds. Economicvitality furthers our exempt purpose by sharing information and resources, identifying economic opportunities, partnering with area organizationsand government bodies, and creating a supportive environment to help new and existing businesses thrive, including informational booklets andbusiness development education.

501(c)(3) charity; gifts are tax-deductible.
58¢ of each $1 spent went to programs.
$36K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Spent on programs
58%
of spending
Worth a look: 58% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$36K
to officers and key staff · 26% of spending
Worth a look: pay to officers and key staff is 26% of spending; over 20%.
Pt VII · Sec A
7 mo
of spending, in cash
Plus $81K in investments, Pt X · Ln 11–13
Looks good: 6.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $35K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$897
0.6% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$298K
Spent
$140K
To programs
58%
Net assets
$158K
By yearFY2023–FY2024
Revenue
$298K
FY2023
Tap a bar for its year
Revenue by fiscal year
FY2023$298K
FY2024$179K
Net assets
$158K
FY2023
Tap a bar for its year
Net assets by fiscal year
FY2023$158K
FY2024$169K

From the FY2023 Form 990 · see the original

Give Claim
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in May 2023.

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

Where the money goes

58 cents of each dollar spent went to programs.

Program services 58% · $81K Management & general 42% · $59K

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

7 people listed on the 990; $36K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Dir.
$36,094Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Past President
$0Pt VII · Sec A

Kirsten Gjesdal’s $53K as Executive Dir. is at the 31st percentile of top reported officer pay among 1709 $100K–1M community development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2023
Kirsten Gjesdal$53,156$36,094

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Downtown Brookings executive salaries →

On this list? Claim this org

Something off? Claim to add context

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

Boosts downtown businesses by educating, connecting, and creating opportunities for economic growth.

Questions for Downtown Brookings

Tap to ask. Downtown Brookings sees how many people are interested.

Your first name shows with your question. Downtown Brookings answers here, for everyone.

Provided by the organization

Know this org? Add your story

1 program · $81K · in their own filed words · FY2023
01

Downtown Brookings is a charitable organization that educates the public on the importance of investing in historic preservation, Arts, and smallbusiness. We create opportunities for the public to focus on local, to build a thriving and engaging historic Main Street.Downtown Brookings promotes our neighborhood through storytelling…

$81Kprogram expense

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
Total grants receivedfrom 1 funder$35K

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$298K
Ln 12
Gifts and grantsLn 1h$286K
Fees for servicesLn 2g$12K
Other incomeLn 4–11$256
Money outPt IX
$140K
Ln 25
Programscol B$81K
Managementcol C$59K
Owns and owesPt X
$158K
net assets · Ln 32
Cash and savingsLn 1–2$78K
Total assetsLn 16$159K
LiabilitiesLn 26$897
PeoplePt VI, VII
7
listed · VII A
PaidVII A1
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$286K
Government grantsLn 1e$205K
Fees for servicesLn 2g$12K
Investment incomeLn 3$27
Other incomeLn 4–11$256
Gains on assetsLn 7$0
Total revenueLn 12$298K
Assets in detailPt X, end of year
CashLn 1$76K
SavingsLn 2$2K
Cash and savings togetherLn 1–2$78K
InvestmentsLn 11–13$81K
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$0
Total assetsLn 16$159K
LiabilitiesLn 26$897
Net assetsLn 32$158K
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$78K
InvestmentsLn 11–13$81K
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$0$159K
LiabilitiesLn 26$0$897
Net assetsLn 32$0$158K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$36K$36K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$4K$4K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$3K$3K
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$797$797
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$36K$35K$600
Advertising and promotionLn 12$14K$14K
Office expensesLn 13$1K$1K
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$2K$2K
TravelLn 17$682$682
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$35K$30K$5K
All other expensesLn 24e$5K$3K$2K
Total functional expensesLn 25$140K$81K$59K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $179K$169K 990 PDF
FY2023 Viewing $298K$140K$158K$158K 990 PDF

More to add? Claim this org

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $297,995 revenue, 12 lines filed
I-8 Contributions and grants$285,970
I-9 Program service revenue$11,742
I-10 Investment income$27
I-11 Other revenue$256
I-12 Total revenue$297,995
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$43,490
I-16a Professional fundraising fees$0
I-17 Other expenses$96,356
I-18 Total expenses$139,846
I-19 Revenue less expenses$158,149
Part VI · Governance 6 of 6 board members independent, no flags
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $297,995 across 10 lines filed
VIII-1e Government grants$204,784
VIII-1f All other contributions, gifts and grants$81,186
VIII-1h Total contributions, gifts and grants$285,970
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $11,742$11,742
VIII-3 Investment incomeRelated to mission $27$27
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$256
VIII-12 Total revenueRelated to mission $11,769$297,995
Part IX · Statement of functional expenses $139,846 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staffManagement $36,094$36,094
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesManagement $4,307$4,307
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxesManagement $3,089$3,089
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting feesManagement $797$797
IX-11d Lobbying fees$0
IX-11f Investment management fees$0
IX-11g Other fees for servicesPrograms $35,000 · Management $600$35,600
IX-12 Advertising and promotionPrograms $13,556$13,556
IX-13 Office expensesManagement $1,379$1,379
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 OccupancyManagement $2,221$2,221
IX-17 TravelManagement $682$682
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 InsuranceManagement $1,928$1,928
IX-24 Other expenses (24a–d)Programs $30,082 · Management $5,327$35,409
IX-24e All other expensesPrograms $2,526 · Management $2,258$4,784
IX-25 Total functional expensesPrograms $81,164 · Management $58,682 · Fundraising $0$139,846
Part X · Balance sheet $159,046 assets, 18 lines filed
X-1 Cash, non-interest-bearing$76,177
X-2 Savings and temporary cash investments$1,731
X-3 Pledges and grants receivable$0
X-4 Accounts receivable$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred charges$0
X-10c Land, buildings and equipment, net$0
X-11 Publicly traded securities$81,138
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assets$0
X-16 Total assetsStart of year $0$159,046
X-25 Other liabilities$897
X-26 Total liabilitiesStart of year $0$897
X-27 Net assets without donor restrictions$158,149
X-32 Total net assets or fund balancesStart of year $0$158,149
X-33 Total liabilities and net assetsStart of year $0$159,046
Part XI · Reconciliation of net assets $158,149 net assets at year end
XI-1 Total revenue$297,995
XI-2 Total expenses$139,846
XI-3 Revenue less expenses$158,149
XI-10 Net assets at end of year$158,149

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

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

Your org? Add context

Made it to the end? Claim this org

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.