Civic Intelligence

De Smet Development Corporation

EIN 46-6017848 • 501(c)6 • De Smet, SD

Profile

Promote the City of DeSmet and the surrounding area by promoting, encouraging and developing business and economic prosperity

PO Box 42De Smet, SD 57231

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

67th percentile

0.27x

Higher debt load relative to assets than 67% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

97th percentile

1.43x

Higher debt load relative to revenue than 97% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Source year 2024

Net Margin

57th percentile

6.6%

Higher net margin than 57% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

22nd percentile

-4.0%

Faster asset growth than 22% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

91st percentile

42%

Faster revenue growth than 91% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets67th percentile

Assets

Down

$1,865,917

Down $77,984 (-4.0%) from 2023

Liabilities

Down

$509,050

Down $143,429 (-22%) from 2023

Net Assets

Up

$1,356,867

Up $65,445 (+5.1%) from 2023

Operations
Liabilities / Revenue97th percentileNet Margin57th percentile

Revenue

Up

$355,287

Up $104,805 (+42%) from 2023

Expenses

Up

$331,987

Up $148,375 (+81%) from 2023

Net Income

Down

$23,300

Down $43,570 (-65%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth22nd percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$2.0M$1.5M$1.0M$500K$0Assets 2011: $771,644Liabilities 2011: $693Net Assets 2011: $770,9512011Assets 2012: $1,030,317Liabilities 2012: $300,920Net Assets 2012: $729,3972012Assets 2013: $1,225,469Liabilities 2013: $446,871Net Assets 2013: $778,5982013Assets 2014: $1,109,025Liabilities 2014: $301,353Net Assets 2014: $807,6722014Assets 2015: $1,096,385Liabilities 2015: $301,162Net Assets 2015: $795,2232015Assets 2016: $1,074,892Liabilities 2016: $301,473Net Assets 2016: $773,4192016Assets 2017: $1,085,541Liabilities 2017: $301,516Net Assets 2017: $784,0252017Assets 2018: $1,061,019Liabilities 2018: $301,505Net Assets 2018: $759,5142018Assets 2019: $1,024,187Liabilities 2019: $301,829Net Assets 2019: $722,3582019Assets 2020: $1,072,768Liabilities 2020: $316,859Net Assets 2020: $755,9092020Assets 2021: $1,087,218Liabilities 2021: $305,081Net Assets 2021: $782,1372021Assets 2022: $1,923,354Liabilities 2022: $653,434Net Assets 2022: $1,269,9202022Assets 2023: $1,943,901Liabilities 2023: $652,479Net Assets 2023: $1,291,4222023Assets 2024: $1,865,917Liabilities 2024: $509,050Net Assets 2024: $1,356,8672024

Highlighted filing

2024

Assets$1,865,917
Liabilities$509,050
Net Assets$1,356,867
Open 2024 Filing

Operations Trend

Revenue Growth91st percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$600K$400K$200K$0-$200KRevenue 2011: $193,441Expenses 2011: $82,882Net Income 2011: $110,5592011Revenue 2012: $41,978Expenses 2012: $83,532Net Income 2012: -$41,5542012Revenue 2013: $156,011Expenses 2013: $132,626Net Income 2013: $23,3852013Revenue 2014: $402,277Expenses 2014: $127,643Net Income 2014: $274,6342014Revenue 2015: $86,516Expenses 2015: $106,913Net Income 2015: -$20,3972015Revenue 2016: $82,542Expenses 2016: $111,957Net Income 2016: -$29,4152016Revenue 2017: $118,849Expenses 2017: $115,527Net Income 2017: $3,3222017Revenue 2018: $61,276Expenses 2018: $96,497Net Income 2018: -$35,2212018Revenue 2019: $72,948Expenses 2019: $108,296Net Income 2019: -$35,3482019Revenue 2020: $146,505Expenses 2020: $95,232Net Income 2020: $51,2732020Revenue 2021: $113,462Expenses 2021: $100,175Net Income 2021: $13,2872021Revenue 2022: $138,092Expenses 2022: $155,930Net Income 2022: -$17,8382022Revenue 2023: $250,482Expenses 2023: $183,612Net Income 2023: $66,8702023Revenue 2024: $355,287Expenses 2024: $331,987Net Income 2024: $23,3002024

Highlighted filing

2024

Revenue$355,287
Expenses$331,987
Net Income$23,300
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,865,917
Liabilities
$509,050
Net assets
$1,356,867
Revenue
$355,287
Expenses
$331,987
Net income
$23,300
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.87$0.51$1.36$0.36$0.33$0.02
2023Detailed filing. Detailed filing data is available for this year.$1.94$0.65$1.29$0.25$0.18$0.07
2022Detailed filing. Detailed filing data is available for this year.$1.92$0.65$1.27$0.14$0.16$0.02
2021Detailed filing. Detailed filing data is available for this year.$1.09$0.31$0.78$0.11$0.10$0.01
2020Detailed filing. Detailed filing data is available for this year.$1.07$0.32$0.76$0.15$0.10$0.05
2019Detailed filing. Detailed filing data is available for this year.$1.02$0.30$0.72$0.07$0.11$0.04
2018Detailed filing. Detailed filing data is available for this year.$1.06$0.30$0.76$0.06$0.10$0.04
2017Detailed filing. Detailed filing data is available for this year.$1.09$0.30$0.78$0.12$0.12$0.00
2016Detailed filing. Detailed filing data is available for this year.$1.07$0.30$0.77$0.08$0.11$0.03
2015Detailed filing. Detailed filing data is available for this year.$1.10$0.30$0.80$0.09$0.11$0.02
2014Detailed filing. Detailed filing data is available for this year.$1.11$0.30$0.81$0.40$0.13$0.27
2013Summary only. Only limited summary data is available for this year.$1.23$0.45$0.78$0.16$0.13$0.02
2012Summary only. Only limited summary data is available for this year.$1.03$0.30$0.73$0.04$0.08$0.04
2011Summary only. Only limited summary data is available for this year.$0.77$0.00$0.77$0.19$0.08$0.11
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Apr 11, 2025
Return Version
2024v5.2
Gross Receipts
$355,287
Mission and Program Overview

Mission

Promote the City of DeSmet and

Promote the City of DeSmet and the surrounding area by promoting, encouraging and developing business and economic prosperity

Balance Sheet Detail
LineBeginningEndChange
Assets
Cap Stk Tr Prin Current Funds$1,291,422$1,356,867▲ $65,445
Land, Buildings, and Equipment, Net$1,365,671$1,330,357▼ $35,314
Savings and Temporary Cash Investments$485,964$470,757▼ $15,207
Other Notes and Loans Receivable, Net$92,266$64,803▼ $27,463
Total Assets$1,943,901$1,865,917▼ $77,984
Liabilities
Unsecured Notes Loans Payable$647,008$504,525▼ $142,483
Accounts Payable and Accrued Expenses$5,471$4,525▼ $946
Total Liabilities$652,479$509,050▼ $143,429
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,291,422$1,356,867▲ $65,445
Total Liabilities and Net Assets / Fund Balance$1,943,901$1,865,917▼ $77,984

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,280,357--
Land$50,000--
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseTotal
Jamie LancasterDirectorFT$63,000$63,000

Board Members and Trustees

NameTitle
Matt KeesPresident
Abi Van RegenmorterVice-President
James GirardDirector
Terry HollandDirector
Tim AughenbaughDirector
Todd WilkinsonDirector
Ann LeschSec /Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$214,987
Program Service Revenue
$107,000
Investment Income
$33,300
Other Revenue
$0
All Other Contributions
$15,423
Change in Net Assets
$23,300
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$136,926
Grants and Similar Amounts Paid$113,812
Salaries, Compensation, and Employee Benefits$81,249
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$0--$113,812
Current Officers, Directors, Trustees, and Key Employees$0$63,000$0$63,000
Fees for Services Legal$30,607$0$0$30,607
Interest$29,580$0$0$29,580
Other Expenses$18,276$0$0$18,276
All Other Expenses$15,568$1,667$0$17,235
Advertising$0$13,161$0$13,161
Other Employee Benefits$0$13,000$0$13,000
Insurance$7,708$0$0$7,708
Conferences and Meetings$6,983$0$0$6,983
Travel$5,285$0$0$5,285
Payroll Taxes$5,249$0$0$5,249
Office Expenses$0$1,840$0$1,840
Depreciation Depletion$0$19$0$19
Total Functional Expenses$119,256$98,919$0$331,987
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
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
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
De Smet Development Corporation
EIN
46-6017848
Phone
6058549011
Address
PO Box 42, De Smet, SD 57231

Signing Officer

Name
Matt Kees
Title
President
Phone
6058549011
Signed
2025-04-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Matt Kees
Formed
1968
Legal Domicile
Sd
Voting Board Members
7
Independent Board Members
7
Employees
1
Volunteers
24

Preparer

Firm
Wilkinson & Schumacher Law Prof LLC
Address
103 Joliet Ave SE, De Smet, SD 57231
Preparer
Michelle Orton
Phone
6058543378
Supplemental Narrative

Additional Explanations

Pt VI, Line 6

“Membership open to public and upon joining elects the board”

Pt VI, Line 7A

“The Board is elected at the annual general membership meeting.”

Pt VI, Line 7B

“Major decision are voted on by general membership”

Pt VI, Line 11B

“Copies of the annual report and supporting documents are supplied to all board members”

Pt VI, Line 12C

“Any conflicts or potential conflicts are reviewed by full board”

Pt VI, Line 15A

“Comparability data for other organizations and an employee review are conducted annually.”

Pt VI, Line 15B

“Comparabile data form other organizations and employee reviews are conducted.”

Pt VI, Line 6

“Membership is open to the public and upon joining elects the board.”

Pt VI, Line 7B

“The Board is elected at the annual general membership meeting”

Pt VI, Line 7B

“Major decisions are voted on by the general membership”

Pt VI, Line 11B

“Copies of the annual report and supporting documents are supplied to all board members”

Pt VI, Line 12C

“Any conflicts or potential conflicts are reviewed by the full board”

Pt VI, Line 15A

“Comparability data for other organizations and an employee review are conducted annually.”

Pt VI, Line 15B

“Comparabile data from other organization and employee reviews are conducted.”

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/PayrollTaxesGrp/FundraisingAmt00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt00
IRS990/PayrollTaxesGrp/ProgramServicesAmt05249
IRS990/PayrollTaxesGrp/TotalAmt05249
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0Matt Kees
IRS990/PriorPeriodAdjustmentsAmt042145
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IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0112071
IRS990/PYGrantsAndSimilarPaidAmt0200
IRS990/PYInvestmentIncomeAmt018511
IRS990/PYOtherExpensesAmt0109289
IRS990/PYOtherRevenueAmt0119900
IRS990/PYRevenuesLessExpensesAmt066870
IRS990/PYSalariesCompEmpBnftPaidAmt074123
IRS990/PYTotalExpensesAmt0183612
IRS990/PYTotalRevenueAmt0250482
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IRS990/ReconcilationRevenueExpnssAmt023300
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IRS990/ReportOtherLiabilitiesInd0false
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IRS990/SavingsAndTempCashInvstGrp/EOYAmt0470757
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IRS990ScheduleD/BuildingsGrp/BookValueAmt01280357
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt01280357
IRS990ScheduleD/LandGrp/BookValueAmt050000
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt050000
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01330357
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Membership open to public and upon joining elects the board
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The Board is elected at the annual general membership meeting.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Major decision are voted on by general membership
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Copies of the annual report and supporting documents are supplied to all board members
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Any conflicts or potential conflicts are reviewed by full board
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Comparability data for other organizations and an employee review are conducted annually.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Comparabile data form other organizations and employee reviews are conducted.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Membership is open to the public and upon joining elects the board.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8The Board is elected at the annual general membership meeting
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9Major decisions are voted on by the general membership
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10Copies of the annual report and supporting documents are supplied to all board members
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11Any conflicts or potential conflicts are reviewed by the full board
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt12Comparability data for other organizations and an employee review are conducted annually.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt13Comparabile data from other organization and employee reviews are conducted.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 7b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Pt VI, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Pt VI, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Pt VI, Line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Pt VI, Line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Pt VI, Line 7b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Pt VI, Line 7b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc11Pt VI, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc12Pt VI, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc13Pt VI, Line 15b
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IRS990/TotalContributionsAmt0214987
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IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt098919
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0119256
IRS990/TotalFunctionalExpensesGrp/TotalAmt0331987
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0652479
IRS990/TotalLiabilitiesEOYAmt0509050
IRS990/TotalLiabilitiesGrp/BOYAmt0652479
IRS990/TotalLiabilitiesGrp/EOYAmt0509050
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IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01356867
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IRS990/TotalOthProgramServiceRevGrp/UnrelatedBusinessRevenueAmt00
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IRS990/TotalReportableCompFromOrgAmt063000
IRS990/TotalRevenueGrp/ExclusionAmt00
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IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0355287
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
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IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01865917
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IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/FundraisingAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt00
IRS990/TravelGrp/ProgramServicesAmt05285
IRS990/TravelGrp/TotalAmt05285
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IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt0647008
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt0504525
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt019807 434th Ave
IRS990/USAddress/CityNm0De Smet
IRS990/USAddress/StateAbbreviationCd0SD
IRS990/USAddress/ZIPCd057231
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Matt Kees
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/PhoneNum06058549011
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-04-11
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0De Smet Development Corporation
ReturnHeader/Filer/BusinessNameControlTxt0DESM
ReturnHeader/Filer/EIN0466017848
ReturnHeader/Filer/PhoneNum06058549011
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO Box 42
ReturnHeader/Filer/USAddress/CityNm0De Smet
ReturnHeader/Filer/USAddress/StateAbbreviationCd0SD
ReturnHeader/Filer/USAddress/ZIPCd057231
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0364876474
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Wilkinson & Schumacher Law Prof LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0103 Joliet Ave SE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0De Smet
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0SD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd057231
ReturnHeader/PreparerPersonGrp/PhoneNum06058543378
ReturnHeader/PreparerPersonGrp/PreparationDt02026-01-23
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Michelle Orton
ReturnHeader/ReturnTs02026-01-23T09:55:35-08:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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