Civic Intelligence

Glacial Lakes Area Development Inc

990 • Fiscal year 2024 • EIN 87-0787080

Jan 01, 2024 to Dec 31, 2024 • Filed on Nov 05, 2025

PO Box 231Britton, SD 57430

(605) 448-0005

Siviq Scores

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

Liabilities / Assets

89th percentile

0.68x

Higher debt load relative to assets than 89% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

98th percentile

8.62x

Higher debt load relative to revenue than 98% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

65th percentile

13%

Higher net margin than 65% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

40th percentile

$0

Higher top officer pay than 40% of similar nonprofits.

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

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

86th percentile

35%

Faster asset growth than 86% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

56th percentile

12%

Faster revenue growth than 56% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Up

$1,638,305

Up $424,714 (+35%) from 2023

Net Assets

Up

$523,509

Up $17,326 (+3.4%) from 2023

Liabilities

Up

$1,114,796

Up $407,388 (+58%) from 2023

Revenue

Up

$129,313

Up $13,643 (+12%) from 2023

Expenses

Down

$111,987

Down $138,669 (-55%) from 2023

Net Income

Up

$17,326

Up $152,312 (+113%) from 2023

Historical Trend

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0Assets 2010: $277,283Net Assets 2010: $277,2832010Assets 2011: $277,305Net Assets 2011: $277,3052011Assets 2012: $375,263Liabilities 2012: $100,025Net Assets 2012: $275,2382012Assets 2013: $420,225Liabilities 2013: $150,000Net Assets 2013: $270,2252013Assets 2014: $948,498Liabilities 2014: $483,270Net Assets 2014: $465,2282014Assets 2015: $1,091,365Liabilities 2015: $604,526Net Assets 2015: $486,8392015Assets 2016: $1,311,447Liabilities 2016: $818,184Net Assets 2016: $493,2632016Assets 2017: $1,537,416Liabilities 2017: $1,046,963Net Assets 2017: $490,4532017Assets 2018: $1,538,649Liabilities 2018: $1,010,845Net Assets 2018: $527,8042018Assets 2019: $1,207,642Liabilities 2019: $657,239Net Assets 2019: $550,4032019Assets 2020: $1,159,133Liabilities 2020: $582,331Net Assets 2020: $576,8022020Assets 2021: $1,139,172Liabilities 2021: $525,514Net Assets 2021: $613,6582021Assets 2022: $1,214,620Liabilities 2022: $573,451Net Assets 2022: $641,1692022Assets 2023: $1,213,591Liabilities 2023: $707,408Net Assets 2023: $506,1832023Assets 2024: $1,638,305Liabilities 2024: $1,114,796Net Assets 2024: $523,5092024

Highlighted filing

2024

Assets$1,638,305
Liabilities$1,114,796
Net Assets$523,509

Operations Trend

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

$400K$200K$0-$200KRevenue 2010: $198,967Expenses 2010: $90,811Net Income 2010: $108,1562010Revenue 2011: $80,693Expenses 2011: $80,669Net Income 2011: $242011Revenue 2012: $101,251Expenses 2012: $103,323Net Income 2012: -$2,0722012Revenue 2013: $82,590Expenses 2013: $87,603Net Income 2013: -$5,0132013Revenue 2014: $287,249Expenses 2014: $91,983Net Income 2014: $195,2662014Revenue 2015: $112,066Expenses 2015: $90,466Net Income 2015: $21,6002015Revenue 2016: $110,345Expenses 2016: $103,921Net Income 2016: $6,4242016Revenue 2017: $95,573Expenses 2017: $79,832Net Income 2017: $15,7412017Revenue 2018: $130,328Expenses 2018: $84,297Net Income 2018: $46,0312018Revenue 2019: $108,893Expenses 2019: $86,254Net Income 2019: $22,6392019Revenue 2020: $109,320Expenses 2020: $82,962Net Income 2020: $26,3582020Revenue 2021: $129,775Expenses 2021: $92,919Net Income 2021: $36,8562021Revenue 2022: $121,070Expenses 2022: $93,559Net Income 2022: $27,5112022Revenue 2023: $115,670Expenses 2023: $250,656Net Income 2023: -$134,9862023Revenue 2024: $129,313Expenses 2024: $111,987Net Income 2024: $17,3262024

Highlighted filing

2024

Revenue$129,313
Expenses$111,987
Net Income$17,326
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 5, 2025
Return Version
2024v5.2
Gross Receipts
$129,313
Mission and Program Overview

Mission

To facilitate regional economic development in northeastern South Dakota.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$151,898$531,509▲ $379,611
Rtn Earn Endowment Incm Other Fnds$506,183$523,509▲ $17,326
Investments Program Related$539,385$484,192▼ $55,193
Cash and Non-Interest-Bearing Accounts$341,573$458,503▲ $116,930
Receivables From Officers Etc$180,735$164,101▼ $16,634
Total Assets$1,213,591$1,638,305▲ $424,714
Liabilities
Mortgage Notes Payable Secured by Investment Property$659,031$943,249▲ $284,218
Other Liabilities$48,377$171,547▲ $123,170
Total Liabilities$707,408$1,114,796▲ $407,388
Net Assets / Fund Balance
Total Net Assets Fund Balance$506,183$523,509▲ $17,326
Total Liabilities and Net Assets / Fund Balance$1,213,591$1,638,305▲ $424,714

Asset Categories

AssetBook ValueDepreciationBasis
Investment Program Related Org$484,192--
Equipment-$7,340-
Compensation and Service Providers

Board Members and Trustees

NameTitle
Chad HardyPresident
Jennifer KeintzVice President
Andrea KilkerDirector
Kenneth StrongDirector
Kristin HoflandDirector
Peggy PearsonDirector
Lindsey KimberExecutive Director
Alicia TonsfeldtSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$85,400
Program Service Revenue
$43,689
Investment Income
$224
Other Revenue
$0
All Other Contributions
$4,700
Change in Net Assets
$17,326
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$81,863
Other Expenses$30,124
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees-$58,041-$58,041
Payroll Taxes-$18,872-$18,872
Interest$14,342--$14,342
Pension Plan Contributions-$4,950-$4,950
Occupancy-$3,396-$3,396
Other Expenses$4,809$2,163-$2,163
Insurance-$1,433-$1,433
Conferences and Meetings-$954-$954
Fees for Services Accounting-$777-$777
Information Technology-$502-$502
Travel-$395-$395
Total Functional Expenses$20,504$91,483$0$111,987
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
Lobbying activity
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Officers, Directors, Trustees, and Key Employees$180,735$164,101▼ $16,634
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Other Pass-thru Accounts Held$160,527
Britton Event Center-pass Thru$11,020
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
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
No
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 governing body review Part VI line 11

Governing body reviewed Form 990 at its regular meeting.

Form 990 availability to public Part VI line 18

Form 990 is available for public inspection at the local GLAD office.

Governing documents etc available to public Part VI line 19

Governing documents are available to public at the GLAD office at the Marshall County Community Building

Filing and Contact Details

Filer

Filer Name
Glacial Lakes Area Development Inc
EIN
87-0787080
In Care Of
% LINDSEY KIMBER
Phone
6054480005
Address
PO BOX 231, BRITTON, SD 57430

Signing Officer

Name
Lindsey Kimber
Title
Executive Director
Phone
6054480005
Signed
2025-11-05
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Lindsey Kimber
Formed
2005
Legal Domicile
Sd
Voting Board Members
8
Independent Board Members
7
Employees
1

Preparer

Firm
Britton Bookkeeping & Tax Serv Inc
Address
PO Box 74, Britton, SD 57430
Preparer
Susan Wismer
Phone
6054482572
Supplemental Narrative

Additional Explanations

Not undergone required audits or steps for audit part XII line 3B

GLAD plans to have an audit completed in the near future.

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IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt085400
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt093494
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt073200
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt081910
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt073950
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0407954
IRS990ScheduleA/TotalSupportAmt0408082
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/ScheduleBRequiredInd0true
IRS990ScheduleD/DisclosedForCharitablePrpsInd0true
IRS990ScheduleD/DisclosedOrgLegCtrlInd0true
IRS990ScheduleD/DonorAdvisedFundsHeldCnt01
IRS990ScheduleD/EquipmentGrp/DepreciationAmt07340
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt07340
IRS990ScheduleD/FundsAndOtherAccountsHeldCnt04
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt0484192
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0BUSINESS LOANS
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0C
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt011020
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1160527
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0BRITTON EVENT CENTER-PASS THRU
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1OTHER PASS-THRU ACCOUNTS HELD
IRS990ScheduleD/TotalBookValueProgramRltdAmt0484192
IRS990ScheduleD/TotalLiabilityAmt0171547
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/DisqualifiedPersonExBnftTrGrp/PersonNm0NA
IRS990ScheduleL/DisqualifiedPersonExBnftTrGrp/TransactionCorrectedInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt0164101
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd0true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd1true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd1true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd1X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0BUSINESS
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt1BUSINESS OPERATIONS
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt0205000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt1200000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0KENNETH STRONG
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm1LANGFORD MAIN STREET CENTER
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0DIRECTOR
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt1BORROWER
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd0true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd1true
IRS990ScheduleL/TotalBalanceDueAmt0164101
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Governing body reviewed Form 990 at its regular meeting.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Form 990 is available for public inspection at the local GLAD office.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Governing documents are available to public at the GLAD office at the Marshall County Community Building
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3GLAD plans to have an audit completed in the near future.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990 availability to public Part VI line 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Not undergone required audits or steps for audit part XII line 3b
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01213591
IRS990/TotalAssetsEOYAmt01638305
IRS990/TotalAssetsGrp/BOYAmt01213591
IRS990/TotalAssetsGrp/EOYAmt01638305
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt085400
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt091483
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt020504
IRS990/TotalFunctionalExpensesGrp/TotalAmt0111987
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0707408
IRS990/TotalLiabilitiesEOYAmt01114796
IRS990/TotalLiabilitiesGrp/BOYAmt0707408
IRS990/TotalLiabilitiesGrp/EOYAmt01114796
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0506183
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0523509
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt020504
IRS990/TotalProgramServiceRevenueAmt043689
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt043913
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0129313
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01213591
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01638305
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/ManagementAndGeneralAmt0395
IRS990/TravelGrp/TotalAmt0395
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 231
IRS990/USAddress/CityNm0BRITTON
IRS990/USAddress/StateAbbreviationCd0SD
IRS990/USAddress/ZIPCd057430
IRS990/VotingMembersGoverningBodyCnt08
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0WWW.GLADSD.COM
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0LINDSEY KIMBER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum06054480005
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-11-05
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0GLACIAL LAKES AREA DEVELOPMENT INC
ReturnHeader/Filer/BusinessNameControlTxt0GLAC
ReturnHeader/Filer/EIN0870787080
ReturnHeader/Filer/InCareOfNm0% LINDSEY KIMBER
ReturnHeader/Filer/PhoneNum06054480005
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 231
ReturnHeader/Filer/USAddress/CityNm0BRITTON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0SD
ReturnHeader/Filer/USAddress/ZIPCd057430
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0460418724
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Britton Bookkeeping & Tax Serv Inc
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO Box 74
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Britton
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0SD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd057430

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.64$1.11$0.52$0.13$0.11$0.02
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.21$0.71$0.51$0.12$0.25$0.13
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.21$0.57$0.64$0.12$0.09$0.03
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.14$0.53$0.61$0.13$0.09$0.04
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.16$0.58$0.58$0.11$0.08$0.03
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.21$0.66$0.55$0.11$0.09$0.02
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.54$1.01$0.53$0.13$0.08$0.05
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.54$1.05$0.49$0.10$0.08$0.02
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.31$0.82$0.49$0.11$0.10$0.01
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.09$0.60$0.49$0.11$0.09$0.02
2014Detailed filing. Detailed filing data is available for this year.$0.95$0.48$0.47$0.29$0.09$0.20
2013Detailed filing. Detailed filing data is available for this year.$0.42$0.15$0.27$0.08$0.09$0.01
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.38$0.10$0.28$0.10$0.10$0.00
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.28$0.28$0.08$0.08$0.00
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.28$0.28$0.20$0.09$0.11