Civic Intelligence

Jamestown Stutsman Development Corporation

990 • Fiscal year 2023 • EIN 45-0424540

Jan 01, 2023 to Dec 31, 2023 • Filed on Aug 07, 2024

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

79th percentile

0.47x

Higher debt load relative to assets than 79% of similar nonprofits.

2023 filings • 501(c)4 • $10M-$25M nonprofits • Source year 2023

Liabilities / Revenue

85th percentile

3.54x

Higher debt load relative to revenue than 85% of similar nonprofits.

2023 filings • 501(c)4 • $10M-$25M nonprofits • Source year 2023

Net Margin

15th percentile

-16%

Higher net margin than 15% of similar nonprofits.

2023 filings • 501(c)4 • $10M-$25M nonprofits • Source year 2023

Top Officer Pay

31st percentile

$0

Higher top officer pay than 31% of similar nonprofits.

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

2023 filings • 501(c)4 • $10M-$25M nonprofits • Source year 2023

Asset Growth

30th percentile

-0.8%

Faster asset growth than 30% of similar nonprofits.

2023 filings • 501(c)4 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Revenue Growth

59th percentile

11%

Faster revenue growth than 59% of similar nonprofits.

2023 filings • 501(c)4 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets79th percentile

Assets

Down

$16,366,314

Down $126,304 (-0.8%) from 2022

Net Assets

Down

$8,673,563

Down $342,973 (-3.8%) from 2022

Liabilities

Up

$7,692,751

Up $216,669 (+2.9%) from 2022

Revenue And Expenses
Liabilities / Revenue85th percentileNet Margin15th percentile

Revenue

Up

$2,172,301

Up $210,232 (+11%) from 2022

Expenses

Up

$2,515,274

Up $1,510,103 (+150%) from 2022

Net Income

Down

-$342,973

Down $1,299,871 (-136%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth30th 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

2023

Assets$16,366,314
Liabilities$7,692,751
Net Assets$8,673,563
Open 2023 Filing

Operations Trend

Revenue Growth59th 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

2023

Revenue$2,172,301
Expenses$2,515,274
Net Income-$342,973
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Aug 7, 2024
Return Version
2023v5.1
Gross Receipts
$2,172,301
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$7,114,520$7,648,813▲ $534,293
Other Notes and Loans Receivable, Net$3,912,073$3,793,372▼ $118,701
Land, Buildings, and Equipment, Net$3,430,260$3,310,037▼ $120,223
Cash and Non-Interest-Bearing Accounts$1,807,913$1,435,069▼ $372,844
Accounts Receivable$211,410$163,035▼ $48,375
Prepaid Expenses and Deferred Charges$16,442$15,988▼ $454
Total Assets$16,492,618$16,366,314▼ $126,304
Liabilities
Escrow Account Liability$6,854,818$6,908,247▲ $53,429
Accounts Payable and Accrued Expenses$388,078$606,743▲ $218,665
Deferred Revenue$159,206$140,899▼ $18,307
Other Liabilities$73,980$36,862▼ $37,118
Total Liabilities$7,476,082$7,692,751▲ $216,669
Net Assets / Fund Balance
Net Assets With Donor Restrictions$8,485,871$8,205,913▼ $279,958
Net Assets Without Donor Restrictions$530,665$467,650▼ $63,015
Total Net Assets Fund Balance$9,016,536$8,673,563▼ $342,973
Total Liabilities and Net Assets / Fund Balance$16,492,618$16,366,314▼ $126,304

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$2,605,582$151,648$2,757,230
Buildings$572,714$397,708$970,422
Equipment$37,294$131,217$168,511
Land$94,447-$94,447
Other Securities$250,000--
Compensation and Service Providers
Top Officer Pay31st percentile

Board Members and Trustees

NameTitle
Marlee SiewertPast President
Tory HartPresident
Nick SchauerVice President
Casey HendersonDirector
David SteeleDirector
Dwaine HeinrichDirector
Jen DockterDirector
Levi TaylorDirector
Mark KloseDirector
Mike DelfsDirector
Rod JohnsonDirector
Tonya PerkinsDirector
Jeremy RhamSecretary - Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,774,838
Program Service Revenue
$15,451
Investment Income
$0
Other Revenue
$382,012
Change in Net Assets
$-342,973

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,172,301
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$1
Total Revenue per Audited Statements
$2,172,302
Total Revenue per Form 990
$2,172,301
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$1,745,041
Salaries, Compensation, and Employee Benefits$392,972
Other Expenses$377,261
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$1,745,041--$1,745,041
Current Officers, Directors, Trustees, and Key Employees$162,837$54,279-$217,116
Depreciation Depletion$54,390$54,390-$108,780
Other Salaries and Wages$36,329$52,150-$88,479
Occupancy$31,593$19,363-$50,956
Other Employee Benefits$32,291$17,078-$49,369
Payroll Taxes$15,260$8,154-$23,414
Advertising$20,017--$20,017
Conferences and Meetings$14,885$1,654-$16,539
Fees for Services Accounting$14,400$1,600-$16,000
Pension Plan Contributions$9,396$5,198-$14,594
Fees for Services Management$12,663$1,407-$14,070
Fees for Services Legal$9,566$1,063-$10,629
Travel$1,333$4,000-$5,333
Office Expenses$2,592$1,206-$3,798
Information Technology$947$2,842-$3,789
Other Expenses$2,797$311-$3,108
Insurance-$3,054-$3,054
Interest-$948-$948
All Other Expenses$91$701-$792
Total Functional Expenses$2,277,468$237,806$0$2,515,274

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$2,515,275
Expenses per Audited Statements$2,515,274
Total Expenses per Form 990$2,515,274
Expenses Not Reported on Form 990$1
Expenses Not Reported on Financial Statements$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Jamestown TourismJamestown, ND501 (c) (3)Economic Development$125,000
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$45,725
Capital Lease Payable - Current$3,577
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
2024-08-07
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
4
Volunteers
0

Preparer

Firm
Schauer & Associates Pc
Address
PO BOX 1808, JAMESTOWN, ND 58402-1808
Preparer
Megan Aldinger
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.”

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“ROUNDING 1.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“ROUNDING 1.”

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IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
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IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt013
IRS990/GovernmentGrantsAmt01774838
IRS990/GrantAmt01745041
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt01745041
IRS990/GrantsToDomesticOrgsGrp/TotalAmt01745041
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt02172301
IRS990/GrossRentsGrp/RealAmt095775
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt013
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt02842
IRS990/InformationTechnologyGrp/ProgramServicesAmt0947
IRS990/InformationTechnologyGrp/TotalAmt03789
IRS990/InsuranceGrp/ManagementAndGeneralAmt03054
IRS990/InsuranceGrp/TotalAmt03054
IRS990/InterestGrp/ManagementAndGeneralAmt0948
IRS990/InterestGrp/TotalAmt0948
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt07114520
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt07648813
IRS990/IRPDocumentCnt05
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0680573
IRS990/LandBldgEquipBasisNetGrp/BOYAmt03430260
IRS990/LandBldgEquipBasisNetGrp/EOYAmt03310037
IRS990/LandBldgEquipCostOrOtherBssAmt03990610
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/NetAssetsOrFundBalancesBOYAmt09016536
IRS990/NetAssetsOrFundBalancesEOYAmt08673563
IRS990/NetRentalIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt095775
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt095775
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0530665
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0467650
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt019363
IRS990/OccupancyGrp/ProgramServicesAmt031593
IRS990/OccupancyGrp/TotalAmt050956
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt01206
IRS990/OfficeExpensesGrp/ProgramServicesAmt02592
IRS990/OfficeExpensesGrp/TotalAmt03798
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt017078
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt032291
IRS990/OtherEmployeeBenefitsGrp/TotalAmt049369
IRS990/OtherExpensesGrp/Desc0REPAYMENT OF LEASE INCO
IRS990/OtherExpensesGrp/Desc1EQUIPMENT, LEASE & REPA
IRS990/OtherExpensesGrp/Desc2TRAINING
IRS990/OtherExpensesGrp/Desc3DUES & SUBSCRIPTIONS
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt07737
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1671
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2311
IRS990/OtherExpensesGrp/ProgramServicesAmt0100991
IRS990/OtherExpensesGrp/ProgramServicesAmt14008
IRS990/OtherExpensesGrp/ProgramServicesAmt26041
IRS990/OtherExpensesGrp/ProgramServicesAmt32797
IRS990/OtherExpensesGrp/TotalAmt0100991
IRS990/OtherExpensesGrp/TotalAmt111745
IRS990/OtherExpensesGrp/TotalAmt26712
IRS990/OtherExpensesGrp/TotalAmt33108
IRS990/OtherLiabilitiesGrp/BOYAmt073980
IRS990/OtherLiabilitiesGrp/EOYAmt036862
IRS990/OtherRevenueMiscGrp/BusinessCd0531190
IRS990/OtherRevenueMiscGrp/BusinessCd1900099
IRS990/OtherRevenueMiscGrp/Desc0INCOME FROM SUBSIDIARY
IRS990/OtherRevenueMiscGrp/Desc1MISCELLANEOUS
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt01944
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0284293
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt11944
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt0284293
IRS990/OtherRevenueTotalAmt0286237
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt052150
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt036329
IRS990/OtherSalariesAndWagesGrp/TotalAmt088479
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt03912073
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt03793372
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt08154
IRS990/PayrollTaxesGrp/ProgramServicesAmt015260
IRS990/PayrollTaxesGrp/TotalAmt023414
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt05198
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt09396
IRS990/PensionPlanContributionsGrp/TotalAmt014594
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt016442
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt015988
IRS990/PrincipalOfficerNm0TORY HART
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0532000
IRS990/ProgramServiceRevenueGrp/Desc0EXPENSE REIMBURSEMENT
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt015451
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt015451
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01581099
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0403492
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt0282004
IRS990/PYOtherRevenueAmt0364700
IRS990/PYProgramServiceRevenueAmt016270
IRS990/PYRevenuesLessExpensesAmt0956898
IRS990/PYSalariesCompEmpBnftPaidAmt0319675
IRS990/PYTotalExpensesAmt01005171
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01962069
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-342973
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd01
IRS990/RentalIncomeOrLossGrp/RealAmt095775
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0113170
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/BookValueAmt0572714
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0397708
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0970422
IRS990ScheduleD/EquipmentGrp/BookValueAmt037294
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0131217
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0168511
IRS990ScheduleD/ExpensesNotReportedAmt01
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt02515274
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/FederalIncomeTaxLiabilityAmt0-12440
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd01
IRS990ScheduleD/LandGrp/BookValueAmt094447
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt094447
IRS990ScheduleD/OtherExpensesIncludedAmt01
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt02605582
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0151648
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt02757230
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt045725
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt13577
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0CAPITAL LEASE PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1CAPITAL LEASE PAYABLE - CURRENT
IRS990ScheduleD/OtherRevenueAmt01
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt075000
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt17323813
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt2250000
IRS990ScheduleD/OtherSecuritiesGrp/Desc0INVESTMENT IN PRECISION STOCK
IRS990ScheduleD/OtherSecuritiesGrp/Desc1INVESTMENT, SEPA
IRS990ScheduleD/OtherSecuritiesGrp/Desc2INVESTMENT, BISON WORLD CONVERTIBLE NOTE
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd1C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd2C
IRS990ScheduleD/RevenueNotReportedAmt01
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt02172301
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/ExplanationTxt2ROUNDING 1.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt3ROUNDING 1.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART IV, LINE 2B:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc3PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt03310037
IRS990ScheduleD/TotalBookValueSecuritiesAmt07648813
IRS990ScheduleD/TotalExpensesPerForm990Amt02515274
IRS990ScheduleD/TotalLiabilityAmt036862
IRS990ScheduleD/TotalRevenuePerForm990Amt02172301
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02172302
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02515275
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt0125000
IRS990ScheduleI/RecipientTable/CashGrantAmt136458
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501 (C) (3)

Document Assets

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$16,366,314
Liabilities
$7,692,751
Net assets
$8,673,563
Revenue
$2,172,301
Expenses
$2,515,274
Net income
-$342,973
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