Civic Intelligence

Jamestown Stutsman Development Corporation

990 • Fiscal year 2022 • EIN 45-0424540

Jan 01, 2022 to Dec 31, 2022 • Filed on May 01, 2023

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

76th percentile

0.45x

Higher debt load relative to assets than 76% of similar nonprofits.

2022 filings • 501(c)4 • $10M-$25M nonprofits • Source year 2022

Liabilities / Revenue

86th percentile

3.81x

Higher debt load relative to revenue than 86% of similar nonprofits.

2022 filings • 501(c)4 • $10M-$25M nonprofits • Source year 2022

Net Margin

84th percentile

49%

Higher net margin than 84% of similar nonprofits.

2022 filings • 501(c)4 • $10M-$25M nonprofits • Source year 2022

Top Officer Pay

33rd percentile

$0

Higher top officer pay than 33% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2022 filings • 501(c)4 • $10M-$25M nonprofits • Source year 2022

Asset Growth

74th percentile

11%

Faster asset growth than 74% of similar nonprofits.

2022 filings • 501(c)4 • $10M-$25M nonprofits • Annualized from 2021 to 2022

Revenue Growth

31st percentile

-4.0%

Faster revenue growth than 31% of similar nonprofits.

2022 filings • 501(c)4 • $10M-$25M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets76th percentile

Assets

Up

$16,492,618

Up $1,673,901 (+11%) from 2021

Net Assets

Up

$9,016,536

Up $956,898 (+12%) from 2021

Liabilities

Up

$7,476,082

Up $717,003 (+11%) from 2021

Revenue And Expenses
Liabilities / Revenue86th percentileNet Margin84th percentile

Revenue

Down

$1,962,069

Down $82,668 (-4.0%) from 2021

Expenses

Down

$1,005,171

Down $274,320 (-21%) from 2021

Net Income

Up

$956,898

Up $191,652 (+25%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth74th 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

2022

Assets$16,492,618
Liabilities$7,476,082
Net Assets$9,016,536
Open 2022 Filing

Operations Trend

Revenue Growth31st 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

2022

Revenue$1,962,069
Expenses$1,005,171
Net Income$956,898
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
May 1, 2023
Return Version
2022v5.0
Gross Receipts
$1,962,069
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$6,838,241$7,114,520▲ $276,279
Other Notes and Loans Receivable, Net$3,342,398$3,912,073▲ $569,675
Land, Buildings, and Equipment, Net$3,516,530$3,430,260▼ $86,270
Cash and Non-Interest-Bearing Accounts$920,466$1,807,913▲ $887,447
Accounts Receivable$183,016$211,410▲ $28,394
Prepaid Expenses and Deferred Charges$18,066$16,442▼ $1,624
Total Assets$14,818,717$16,492,618▲ $1,673,901
Liabilities
Escrow Account Liability$6,219,148$6,854,818▲ $635,670
Accounts Payable and Accrued Expenses$264,499$388,078▲ $123,579
Deferred Revenue$177,506$159,206▼ $18,300
Other Liabilities$97,926$73,980▼ $23,946
Total Liabilities$6,759,079$7,476,082▲ $717,003
Net Assets / Fund Balance
Net Assets With Donor Restrictions$590,599$8,485,871▲ $7,895,272
Net Assets Without Donor Restrictions$7,469,039$530,665▼ $6,938,374
Total Net Assets Fund Balance$8,059,638$9,016,536▲ $956,898
Total Liabilities and Net Assets / Fund Balance$14,818,717$16,492,618▲ $1,673,901

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$2,660,727$96,503$2,757,230
Buildings$604,530$365,892$970,422
Equipment$59,114$110,817$169,931
Land$105,889-$105,889
Other Securities$7,039,520--
Compensation and Service Providers
Top Officer Pay33rd percentile

Board Members and Trustees

NameTitle
Kelly RachelPast President
Marlee SiewertPresident
Tory HartVice President
David SteeleDirector
Dwaine HeinrichDirector
Jen DockterDirector
Jeremy RhamDirector
Mark KloseDirector
Rod JohnsonDirector
Steve ChichosDirector
Tom SilbernagelDirector
Tonya PerkinsDirector
Nick SchauerSecretary- Treasuer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,581,099
Program Service Revenue
$16,270
Investment Income
$0
Other Revenue
$364,700
Change in Net Assets
$956,898

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,962,069
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,962,069
Total Revenue per Form 990
$1,962,069
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$403,492
Salaries, Compensation, and Employee Benefits$319,675
Other Expenses$282,004
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$403,492--$403,492
Other Salaries and Wages$96,172$48,299-$144,471
Current Officers, Directors, Trustees, and Key Employees$83,637$27,879-$111,516
Depreciation Depletion$53,090$53,090-$106,180
Occupancy$29,165$17,875-$47,040
Other Employee Benefits$22,576$10,217-$32,793
Advertising$27,720--$27,720
Fees for Services Accounting$20,565$2,285-$22,850
Conferences and Meetings$19,016$2,113-$21,129
Payroll Taxes$13,536$5,735-$19,271
Pension Plan Contributions$8,623$3,001-$11,624
Information Technology$1,157$3,469-$4,626
Fees for Services Legal$3,662$407-$4,069
Insurance-$3,723-$3,723
Other Expenses$2,828$314-$3,142
Interest-$2,109-$2,109
Office Expenses$1,296$739-$2,035
All Other Expenses$522$712-$1,234
Travel$255$763-$1,018
Fees for Services Management$86$10-$96
Total Functional Expenses$808,433$196,738$0$1,005,171

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,005,171
Total Expenses per Audited Statements$1,005,171
Total Expenses per Form 990$1,005,171
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$60,744
Capital Lease Payable - Current$9,286
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
No
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
Tory Hart
Title
President
Phone
7012526861
Signed
2023-05-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Tory Hart
Formed
1991
Legal Domicile
Nd
Voting Board Members
13
Independent Board Members
13
Employees
5
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) (4) 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/GovernmentGrantsAmt01581099
IRS990/GrantAmt0403492
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt0403492
IRS990/GrantsToDomesticOrgsGrp/TotalAmt0403492
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt01962069
IRS990/GrossRentsGrp/RealAmt087721
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt013
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt03469
IRS990/InformationTechnologyGrp/ProgramServicesAmt01157
IRS990/InformationTechnologyGrp/TotalAmt04626
IRS990/InsuranceGrp/ManagementAndGeneralAmt03723
IRS990/InsuranceGrp/TotalAmt03723
IRS990/InterestGrp/ManagementAndGeneralAmt02109
IRS990/InterestGrp/TotalAmt02109
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt06838241
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt07114520
IRS990/IRPDocumentCnt05
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0573212
IRS990/LandBldgEquipBasisNetGrp/BOYAmt03516530
IRS990/LandBldgEquipBasisNetGrp/EOYAmt03430260
IRS990/LandBldgEquipCostOrOtherBssAmt04003472
IRS990/LegalDomicileStateCd0ND
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/NetAssetsOrFundBalancesBOYAmt08059638
IRS990/NetAssetsOrFundBalancesEOYAmt09016536
IRS990/NetRentalIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt087721
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt087721
IRS990/NetUnrelatedBusTxblIncmAmt059190
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt07469039
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0530665
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt017875
IRS990/OccupancyGrp/ProgramServicesAmt029165
IRS990/OccupancyGrp/TotalAmt047040
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0739
IRS990/OfficeExpensesGrp/ProgramServicesAmt01296
IRS990/OfficeExpensesGrp/TotalAmt02035
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt010217
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt022576
IRS990/OtherEmployeeBenefitsGrp/TotalAmt032793
IRS990/OtherExpensesGrp/Desc0EQUIPMENT, LEASE & REPA
IRS990/OtherExpensesGrp/Desc1FEDERAL INCOME TAXES
IRS990/OtherExpensesGrp/Desc2REPAYMENT OF LEASE INCO
IRS990/OtherExpensesGrp/Desc3DUES & SUBSCRIPTIONS
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt013998
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1314
IRS990/OtherExpensesGrp/ProgramServicesAmt04244
IRS990/OtherExpensesGrp/ProgramServicesAmt112430
IRS990/OtherExpensesGrp/ProgramServicesAmt24361
IRS990/OtherExpensesGrp/ProgramServicesAmt32828
IRS990/OtherExpensesGrp/TotalAmt018242
IRS990/OtherExpensesGrp/TotalAmt112430
IRS990/OtherExpensesGrp/TotalAmt24361
IRS990/OtherExpensesGrp/TotalAmt33142
IRS990/OtherLiabilitiesGrp/BOYAmt097926
IRS990/OtherLiabilitiesGrp/EOYAmt073980
IRS990/OtherRevenueMiscGrp/BusinessCd0531190
IRS990/OtherRevenueMiscGrp/BusinessCd1900099
IRS990/OtherRevenueMiscGrp/Desc0INCOME FROM SUBSIDIARY
IRS990/OtherRevenueMiscGrp/Desc1MISCELLANEOUS
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0700
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0276279
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt1700
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt0276279
IRS990/OtherRevenueTotalAmt0276979
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt048299
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt096172
IRS990/OtherSalariesAndWagesGrp/TotalAmt0144471
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt03342398
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt03912073
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt05735
IRS990/PayrollTaxesGrp/ProgramServicesAmt013536
IRS990/PayrollTaxesGrp/TotalAmt019271
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt03001
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt08623
IRS990/PensionPlanContributionsGrp/TotalAmt011624
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt018066
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt016442
IRS990/PrincipalOfficerNm0TORY HART
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0532000
IRS990/ProgramServiceRevenueGrp/Desc0EXPENSE REIMBURSEMENT
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt016270
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt016270
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01627446
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0700685
IRS990/PYInvestmentIncomeAmt0-28
IRS990/PYOtherExpensesAmt0279500
IRS990/PYOtherRevenueAmt0404527
IRS990/PYProgramServiceRevenueAmt012792
IRS990/PYRevenuesLessExpensesAmt0765246
IRS990/PYSalariesCompEmpBnftPaidAmt0299306
IRS990/PYTotalExpensesAmt01279491
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02044737
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0956898
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd01
IRS990/RentalIncomeOrLossGrp/RealAmt087721
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0104691
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/BookValueAmt0604530
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0365892
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0970422
IRS990ScheduleD/EquipmentGrp/BookValueAmt059114
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0110817
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0169931
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01005171
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/FederalIncomeTaxLiabilityAmt03950
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd01
IRS990ScheduleD/LandGrp/BookValueAmt0105889
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0105889
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt02660727
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt096503
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt02757230
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt060744
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt19286
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0CAPITAL LEASE PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1CAPITAL LEASE PAYABLE - CURRENT
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt075000
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt17039520
IRS990ScheduleD/OtherSecuritiesGrp/Desc0INVESTMENT IN PRECISION STOCK
IRS990ScheduleD/OtherSecuritiesGrp/Desc1INVESTMENT, SEPA
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd1C
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01962069
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) (4) 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:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt03430260
IRS990ScheduleD/TotalBookValueSecuritiesAmt07114520
IRS990ScheduleD/TotalExpensesPerForm990Amt01005171
IRS990ScheduleD/TotalLiabilityAmt073980
IRS990ScheduleD/TotalRevenuePerForm990Amt01962069
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01962069
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01005171
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt075000
IRS990ScheduleI/RecipientTable/CashGrantAmt136458
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501 (C) (3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc1501 (C) (3)
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt10
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0ECONOMIC DEVELOPMENT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1ECONOMIC DEVELOPMENT
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0JAMESTOWN TOURISM
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1SOUTH CENTRAL DAKOTA REGIONAL COUNCIL
IRS990ScheduleI/RecipientTable/RecipientEIN0810618632
IRS990ScheduleI/RecipientTable/RecipientEIN1450319431
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0404 LOUIS LAMOUR LANE

Document Assets

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$16,492,618
Liabilities
$7,476,082
Net assets
$9,016,536
Revenue
$1,962,069
Expenses
$1,005,171
Net income
$956,898
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