Civic Intelligence

Jamestown Stutsman Development Corporation

990 • Fiscal year 2021 • EIN 45-0424540

Jan 01, 2021 to Dec 31, 2021 • Filed on Mar 30, 2022

Organization ProfileWWW.GROWINGJAMESTOWN.COM
P O Box 293Jamestown, ND 58402-0293

(701) 252-6861

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

77th percentile

0.46x

Higher debt load relative to assets than 77% of similar nonprofits.

2021 filings • 501(c)4 • $10M-$25M nonprofits • Source year 2021

Liabilities / Revenue

83rd percentile

3.31x

Higher debt load relative to revenue than 83% of similar nonprofits.

2021 filings • 501(c)4 • $10M-$25M nonprofits • Source year 2021

Net Margin

72nd percentile

37%

Higher net margin than 72% of similar nonprofits.

2021 filings • 501(c)4 • $10M-$25M nonprofits • Source year 2021

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2021

Asset Growth

52nd percentile

8.1%

Faster asset growth than 52% of similar nonprofits.

2021 filings • 501(c)4 • $10M-$25M nonprofits • Annualized from 2020 to 2021

Revenue Growth

90th percentile

218%

Faster revenue growth than 90% of similar nonprofits.

2021 filings • 501(c)4 • $10M-$25M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets77th percentile

Assets

Up

$14,818,717

Up $1,109,033 (+8.1%) from 2020

Net Assets

Up

$8,059,638

Up $765,246 (+10%) from 2020

Liabilities

Up

$6,759,079

Up $343,787 (+5.4%) from 2020

Revenue And Expenses
Liabilities / Revenue83rd percentileNet Margin72nd percentile

Revenue

Up

$2,044,737

Up $1,401,376 (+218%) from 2020

Expenses

Up

$1,279,491

Up $497,565 (+64%) from 2020

Net Income

Up

$765,246

Up $903,811 (+652%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth52nd percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$20M$15M$10M$5.0M$0Assets 2011: $3,729,438Liabilities 2011: $66,552Net Assets 2011: $3,662,8862011Assets 2012: $3,744,893Liabilities 2012: $95,312Net Assets 2012: $3,649,5812012Assets 2013: $3,607,786Liabilities 2013: $292,260Net Assets 2013: $3,315,5262013Assets 2014: $18,333,794Liabilities 2014: $8,796,317Net Assets 2014: $9,537,4772014Assets 2015: $17,526,550Liabilities 2015: $7,769,570Net Assets 2015: $9,756,9802015Assets 2016: $17,431,625Liabilities 2016: $8,267,812Net Assets 2016: $9,163,8132016Assets 2017: $9,615,367Liabilities 2017: $2,210,110Net Assets 2017: $7,405,2572017Assets 2018: $11,904,541Liabilities 2018: $4,501,632Net Assets 2018: $7,402,9092018Assets 2019: $13,321,637Liabilities 2019: $5,888,679Net Assets 2019: $7,432,9582019Assets 2020: $13,709,684Liabilities 2020: $6,415,292Net Assets 2020: $7,294,3922020Assets 2021: $14,818,717Liabilities 2021: $6,759,079Net Assets 2021: $8,059,6382021Assets 2022: $16,492,618Liabilities 2022: $7,476,082Net Assets 2022: $9,016,5362022Assets 2023: $16,366,314Liabilities 2023: $7,692,751Net Assets 2023: $8,673,5632023Assets 2024: $16,969,826Liabilities 2024: $8,560,789Net Assets 2024: $8,409,0372024

Highlighted filing

2021

Assets$14,818,717
Liabilities$6,759,079
Net Assets$8,059,638
Open 2021 Filing

Operations Trend

Revenue Growth90th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$10M$5.0M$0-$5.0MRevenue 2011: $1,485,946Expenses 2011: $1,561,272Net Income 2011: -$75,3262011Revenue 2012: $1,221,979Expenses 2012: $1,235,284Net Income 2012: -$13,3052012Revenue 2013: $1,000,096Expenses 2013: $1,365,316Net Income 2013: -$365,2202013Revenue 2014: $7,860,673Expenses 2014: $1,654,319Net Income 2014: $6,206,3542014Revenue 2015: $2,150,537Expenses 2015: $1,893,685Net Income 2015: $256,8522015Revenue 2016: $843,725Expenses 2016: $1,576,982Net Income 2016: -$733,2572016Revenue 2017: $1,500,696Expenses 2017: $1,140,458Net Income 2017: $360,2382017Revenue 2018: $1,032,010Expenses 2018: $984,442Net Income 2018: $47,5682018Revenue 2019: $827,047Expenses 2019: $796,998Net Income 2019: $30,0492019Revenue 2020: $643,361Expenses 2020: $781,926Net Income 2020: -$138,5652020Revenue 2021: $2,044,737Expenses 2021: $1,279,491Net Income 2021: $765,2462021Revenue 2022: $1,962,069Expenses 2022: $1,005,171Net Income 2022: $956,8982022Revenue 2023: $2,172,301Expenses 2023: $2,515,274Net Income 2023: -$342,9732023Revenue 2024: $1,626,939Expenses 2024: $1,891,466Net Income 2024: -$264,5272024

Highlighted filing

2021

Revenue$2,044,737
Expenses$1,279,491
Net Income$765,246
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Mar 30, 2022
Return Version
2021v4.2
Gross Receipts
$2,044,765
Mission and Program Overview

Mission

Jsdc was organized to develop employment to improve business conditions and advance the interests of the city of jamestown and stutsman county, north dakota by implementing and sustaining an organized effort to attract new businesses and industry, support existing businesses and industry, and encourage new business starts. Jamestown/stutsman development corporation's focus is primary sector job creation.

ECONOMIC DEVELOPMENT

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$6,356,916$6,838,241▲ $481,325
Land, Buildings, and Equipment, Net$3,614,658$3,516,530▼ $98,128
Other Notes and Loans Receivable, Net$2,912,935$3,342,398▲ $429,463
Cash and Non-Interest-Bearing Accounts$427,976$920,466▲ $492,490
Accounts Receivable$380,549$183,016▼ $197,533
Prepaid Expenses and Deferred Charges$16,650$18,066▲ $1,416
Total Assets$13,709,684$14,818,717▲ $1,109,033
Liabilities
Escrow Account Liability$6,015,789$6,219,148▲ $203,359
Accounts Payable and Accrued Expenses$378,896$264,499▼ $114,397
Deferred Revenue$7,272$177,506▲ $170,234
Other Liabilities$9,750$97,926▲ $88,176
Mortgage Notes Payable Secured by Investment Property$3,585$0▼ $3,585
Total Liabilities$6,415,292$6,759,079▲ $343,787
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$7,068,908$7,469,039▲ $400,131
Net Assets With Donor Restrictions$225,484$590,599▲ $365,115
Total Net Assets Fund Balance$7,294,392$8,059,638▲ $765,246
Total Liabilities and Net Assets / Fund Balance$13,709,684$14,818,717▲ $1,109,033

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$2,715,872$41,358$2,757,230
Buildings$636,346$334,076$970,422
Equipment$47,315$91,598$138,913
Land$116,997-$116,997
Other Securities$6,763,241--
Compensation and Service Providers
Top Officer PayScore unavailable

Board Members and Trustees

NameTitle
Kelly RachelPast President
Marlee SiewertPresident
Tory HartVice President
Curt JankeDirector
David SteeleDirector
Dwaine HeinrichDirector
Jeremy RhamDirector
Lorrie PavlicekDirector
Mark KloseDirector
Matthew PeppleDirector
Ritchie WolfDirector
Rod JohnsonDirector
Steve ChichosDirector
Tom SilbernagelDirector
Nick SchauerSecretary- Treasuer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,627,446
Program Service Revenue
$12,792
Investment Income
$-28
Other Revenue
$404,527
Change in Net Assets
$765,246

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,044,737
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$2,044,737
Total Revenue per Form 990
$2,044,737
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$700,685
Salaries, Compensation, and Employee Benefits$299,306
Other Expenses$279,500
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$700,685--$700,685
Other Salaries and Wages$78,089$53,250-$131,339
Current Officers, Directors, Trustees, and Key Employees$79,655$26,551-$106,206
Depreciation Depletion$44,091$44,091-$88,182
Advertising$34,359--$34,359
Occupancy$20,940$12,836-$33,776
Other Employee Benefits$21,329$10,790-$32,119
Payroll Taxes$11,760$5,950-$17,710
Fees for Services Accounting$13,162$1,462-$14,624
Conferences and Meetings$11,557$1,284-$12,841
Pension Plan Contributions$7,923$4,009-$11,932
All Other Expenses$8,542$905-$9,447
Fees for Services Legal$5,188$577-$5,765
Information Technology$1,276$3,830-$5,106
Interest-$3,046-$3,046
Insurance-$2,416-$2,416
Office Expenses$1,052$717-$1,769
Fees for Services Management$1,355$151-$1,506
Other Expenses$1,245$139-$1,384
Travel$140$418-$558
Total Functional Expenses$1,096,985$182,506$0$1,279,491

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,279,491
Total Expenses per Audited Statements$1,279,491
Total Expenses per Form 990$1,279,491
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Jamestown TourismJamestown, ND501 (c) (3)Economic Development$75,000
South Central Dakota Regional CouncilJamestown, ND501 (c) (3)Economic Development$36,458
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Capital Lease Payable$81,139
Capital Lease Payable - Current$8,314
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“A copy is provided to the full board at a meeting where it is reviewed and approved for filing”

Form 990, Part VI, Section B, Line 12C

“The conflict of interest declaration is the second item on the monthly board agendas for directors to declare regarding business to be conducted at the meeting”

Form 990, Part VI, Section B, Line 15A

“The board annually evaluates the executive director and approves any changes in compensation”

Form 990, Part VI, Section C, Line 19

“The governing documents are posted on the organizations website. The conflict of interest policy is included on the monthly agenda and the board meetings are open to the public. The executive director's annual report is posted on the website and the annual audit is distributed at the annual meeting”

Filing and Contact Details

Filer

Filer Name
Jamestownstutsman Development
EIN
45-0424540
Phone
7012526861
Address
P O BOX 293, JAMESTOWN, ND 58402-0293

Signing Officer

Name
Marlee Siewert
Title
President
Phone
7012526861
Signed
2022-03-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Marlee Siewert
Formed
1991
Legal Domicile
Nd
Voting Board Members
15
Independent Board Members
15
Employees
4
Volunteers
0

Preparer

Firm
Schauer & Associates Pc
Address
PO BOX 1808, JAMESTOWN, ND 58402-1808
Preparer
Duane R Dunn
Phone
7012525422
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

“The full board selects independent auditor and meets with the auditor at the end to discuss the audited financial statements.”

Financial Statement Notes

PART IV, LINE 2B:

“Jsdc receives money from the city of jamestown and stutsman county, which is then loaned to businesses for economic development under the pace and flex pace loan programs and new jobs training program. Jsdc has entered into an agreement with the city and county that all loan payments, including principal and interest, and any other funds received by the corporation shall be returned to the city and county based upon their proportion of the initial contribution.”

PART X, LINE 2:

“Income taxes the corporation is a not-for-profit organization and has been recognized as tax-exempt pursuant to secton 501 (c) (6) of the u.s. Internal revenue code. Therefore, the organization is not subject to income tax for corporation related activities, however it is subject to unrelated business income tax on its portion of taxable income of activities unrelated to its tax exempt purpose. The corporation's policy is to evaluate the likelihood that uncertain tax positions will prevail upon examination based on the extent to which those positions have substantial support within the internal revenue code and regulations, revenue rulings, court decisions, and other evidence. Accounting for uncertainty in income taxes it is the opinion of management that the corporation has no uncertain tax positions that would be subject to change upon examination. The federal and state income tax returns of the corporation are subject to examination by the irs, generally for three years after they were filed.”

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IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt12VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt13PAST PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt14SECRETARY- TREASUER
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IRS990/Form990TFiledInd01
IRS990/FormationYr01991
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/OtherAmt0-28
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt015
IRS990/GovernmentGrantsAmt01627446
IRS990/GrantAmt0700685
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt0700685
IRS990/GrantsToDomesticOrgsGrp/TotalAmt0700685
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt02044765
IRS990/GrossRentsGrp/RealAmt082327
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt015
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt03830
IRS990/InformationTechnologyGrp/ProgramServicesAmt01276
IRS990/InformationTechnologyGrp/TotalAmt05106
IRS990/InsuranceGrp/ManagementAndGeneralAmt02416
IRS990/InsuranceGrp/TotalAmt02416
IRS990/InterestGrp/ManagementAndGeneralAmt03046
IRS990/InterestGrp/TotalAmt03046
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt06356916
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt06838241
IRS990/IRPDocumentCnt04
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0467032
IRS990/LandBldgEquipBasisNetGrp/BOYAmt03614658
IRS990/LandBldgEquipBasisNetGrp/EOYAmt03516530
IRS990/LandBldgEquipCostOrOtherBssAmt03983562
IRS990/LegalDomicileStateCd0ND
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt028
IRS990/LessRentalExpensesGrp/RealAmt00
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0IN CONCERT WITH THE CITY OF JAMESTOWN AND STUTSMAN COUNTY AND UTILIZING THEIR SUPPLIED FUNDNG, JSDC IS DEDICATED TO AREA ECONOMIC DEVELOPMENT GROWTH AND DIVERSIFICATION WITH SPECIFIC FOCUS ON INCREASING AND/OR PRESERVING PRIMARY SECTOR JOBS, BUSINESS AND INDUSTRIAL DEVELOPMENT, CREATING, FOSTERING, AND MAINTAINING BUSINESS AND TRADE ACTIVITIES, ENCOURAGING AND PROVIDING INCENTIVES FOR BUSINESS ENTREPRENEURS TO LOCATE/RELOCATE TO OUR COMMUNITY
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt03585
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt00
IRS990/NetAssetsOrFundBalancesBOYAmt07294392
IRS990/NetAssetsOrFundBalancesEOYAmt08059638
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0-28
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-28
IRS990/NetRentalIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt082327
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt082327
IRS990/NetUnrelatedBusTxblIncmAmt040346
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt07068908
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt07469039
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt012836
IRS990/OccupancyGrp/ProgramServicesAmt020940
IRS990/OccupancyGrp/TotalAmt033776
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0717
IRS990/OfficeExpensesGrp/ProgramServicesAmt01052
IRS990/OfficeExpensesGrp/TotalAmt01769
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt010790
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt021329
IRS990/OtherEmployeeBenefitsGrp/TotalAmt032119
IRS990/OtherExpensesGrp/Desc0REPAYMENT OF LEASE INCO
IRS990/OtherExpensesGrp/Desc1EQUIPMENT, LEASE & REPA
IRS990/OtherExpensesGrp/Desc2DUES & SUBSCRIPTIONS
IRS990/OtherExpensesGrp/Desc3TRAINING
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt09743
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1341
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2139
IRS990/OtherExpensesGrp/ProgramServicesAmt046988
IRS990/OtherExpensesGrp/ProgramServicesAmt14579
IRS990/OtherExpensesGrp/ProgramServicesAmt23070
IRS990/OtherExpensesGrp/ProgramServicesAmt31245
IRS990/OtherExpensesGrp/TotalAmt046988
IRS990/OtherExpensesGrp/TotalAmt114322
IRS990/OtherExpensesGrp/TotalAmt23411
IRS990/OtherExpensesGrp/TotalAmt31384
IRS990/OtherLiabilitiesGrp/BOYAmt09750
IRS990/OtherLiabilitiesGrp/EOYAmt097926
IRS990/OtherRevenueMiscGrp/BusinessCd0531190
IRS990/OtherRevenueMiscGrp/BusinessCd1900099
IRS990/OtherRevenueMiscGrp/Desc0INCOME FROM SUBSIDIARY
IRS990/OtherRevenueMiscGrp/Desc1MISCELLANEOUS
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0875
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0321325
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt1875
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt0321325
IRS990/OtherRevenueTotalAmt0322200
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt053250
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt078089
IRS990/OtherSalariesAndWagesGrp/TotalAmt0131339
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt02912935
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt03342398
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt05950
IRS990/PayrollTaxesGrp/ProgramServicesAmt011760
IRS990/PayrollTaxesGrp/TotalAmt017710
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt04009
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt07923
IRS990/PensionPlanContributionsGrp/TotalAmt011932
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt016650
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt018066
IRS990/PrincipalOfficerNm0MARLEE SIEWERT
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0532000
IRS990/ProgramServiceRevenueGrp/Desc0EXPENSE REIMBURSEMENT
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt012792
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt012792
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0868175
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0152708
IRS990/PYInvestmentIncomeAmt0-199
IRS990/PYOtherExpensesAmt0300929
IRS990/PYOtherRevenueAmt0-236786
IRS990/PYProgramServiceRevenueAmt012171
IRS990/PYRevenuesLessExpensesAmt0-138565
IRS990/PYSalariesCompEmpBnftPaidAmt0328289
IRS990/PYTotalExpensesAmt0781926
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0643361
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0765246
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd01
IRS990/RentalIncomeOrLossGrp/RealAmt082327
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt095994
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/AgentTrusteeEtcInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt0636346
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0334076
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0970422
IRS990ScheduleD/EquipmentGrp/BookValueAmt047315
IRS990ScheduleD/EquipmentGrp/DepreciationAmt091598
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0138913
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01279491
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/FederalIncomeTaxLiabilityAmt08473
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd01
IRS990ScheduleD/LandGrp/BookValueAmt0116997
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0116997
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt02715872
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt041358
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt02757230
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt081139
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt18314
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0CAPITAL LEASE PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1CAPITAL LEASE PAYABLE - CURRENT
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt075000
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt16763241
IRS990ScheduleD/OtherSecuritiesGrp/Desc0INVESTMENT IN PRECISION STOCK
IRS990ScheduleD/OtherSecuritiesGrp/Desc1INVESTMENT, SEPA
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd1C
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt02044737
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0JSDC RECEIVES MONEY FROM THE CITY OF JAMESTOWN AND STUTSMAN COUNTY, WHICH IS THEN LOANED TO BUSINESSES FOR ECONOMIC DEVELOPMENT UNDER THE PACE AND FLEX PACE LOAN PROGRAMS AND NEW JOBS TRAINING PROGRAM. JSDC HAS ENTERED INTO AN AGREEMENT WITH THE CITY AND COUNTY THAT ALL LOAN PAYMENTS, INCLUDING PRINCIPAL AND INTEREST, AND ANY OTHER FUNDS RECEIVED BY THE CORPORATION SHALL BE RETURNED TO THE CITY AND COUNTY BASED UPON THEIR PROPORTION OF THE INITIAL CONTRIBUTION.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1INCOME TAXES THE CORPORATION IS A NOT-FOR-PROFIT ORGANIZATION AND HAS BEEN RECOGNIZED AS TAX-EXEMPT PURSUANT TO SECTON 501 (C) (6) OF THE U.S. INTERNAL REVENUE CODE. THEREFORE, THE ORGANIZATION IS NOT SUBJECT TO INCOME TAX FOR CORPORATION RELATED ACTIVITIES, HOWEVER IT IS SUBJECT TO UNRELATED BUSINESS INCOME TAX ON ITS PORTION OF TAXABLE INCOME OF ACTIVITIES UNRELATED TO ITS TAX EXEMPT PURPOSE. THE CORPORATION'S POLICY IS TO EVALUATE THE LIKELIHOOD THAT UNCERTAIN TAX POSITIONS WILL PREVAIL UPON EXAMINATION BASED ON THE EXTENT TO WHICH THOSE POSITIONS HAVE SUBSTANTIAL SUPPORT WITHIN THE INTERNAL REVENUE CODE AND REGULATIONS, REVENUE RULINGS, COURT DECISIONS, AND OTHER EVIDENCE. ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES IT IS THE OPINION OF MANAGEMENT THAT THE CORPORATION HAS NO UNCERTAIN TAX POSITIONS THAT WOULD BE SUBJECT TO CHANGE UPON EXAMINATION. THE FEDERAL AND STATE INCOME TAX RETURNS OF THE CORPORATION ARE SUBJECT TO EXAMINATION BY THE IRS, GENERALLY FOR THREE YEARS AFTER THEY WERE FILED.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART IV, LINE 2B:

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$14,818,717
Liabilities
$6,759,079
Net assets
$8,059,638
Revenue
$2,044,737
Expenses
$1,279,491
Net income
$765,246
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$17.0$8.56$8.41$1.63$1.89$0.26
2023Detailed filing. Detailed filing data is available for this year.$16.4$7.69$8.67$2.17$2.52$0.34
2022Detailed filing. Detailed filing data is available for this year.$16.5$7.48$9.02$1.96$1.01$0.96
2021Detailed filing. Detailed filing data is available for this year.$14.8$6.76$8.06$2.04$1.28$0.77
2020Detailed filing. Detailed filing data is available for this year.$13.7$6.42$7.29$0.64$0.78$0.14
2019Detailed filing. Detailed filing data is available for this year.$13.3$5.89$7.43$0.83$0.80$0.03
2018Detailed filing. Detailed filing data is available for this year.$11.9$4.50$7.40$1.03$0.98$0.05
2017Detailed filing. Detailed filing data is available for this year.$9.62$2.21$7.41$1.50$1.14$0.36
2016Summary only. Only limited summary data is available for this year.$17.4$8.27$9.16$0.84$1.58$0.73
2015Summary only. Only limited summary data is available for this year.$17.5$7.77$9.76$2.15$1.89$0.26
2014Summary only. Only limited summary data is available for this year.$18.3$8.80$9.54$7.86$1.65$6.21
2013Summary only. Only limited summary data is available for this year.$3.61$0.29$3.32$1.00$1.37$0.37
2012Summary only. Only limited summary data is available for this year.$3.74$0.10$3.65$1.22$1.24$0.01
2011Summary only. Only limited summary data is available for this year.$3.73$0.07$3.66$1.49$1.56$0.08