SOUTH CENTRAL DEVELOPMENT: Form 990, tax year 2023

View the entire original 990 at ProPublica ↗

Organization
SOUTH CENTRAL DEVELOPMENT (EIN 46-0397166)
Tax period
2023-01-01 to 2023-12-31
Filed
2024-02-06
IRS object ID
202440379349300019
Schema version
2023v4.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2024-02-06T09:55:23-05:00ReturnTs
Tax Period End2023-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN205804965PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1DESMET CPA GROUP LLCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 748AddressLine1Txt
CityWINNERCityNm
State AbbreviationSDStateAbbreviationCd
ZIP57580ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2023-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN460397166EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1SOUTH CENTRAL DEVELOPMENTBusinessNameLine1Txt
Business Name Line2CORPORATIONBusinessNameLine2Txt
FieldValueIRS element (for citing)
Business Name ControlSOUTBusinessNameControlTxt

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 624AddressLine1Txt
CityWINNERCityNm
State AbbreviationSDStateAbbreviationCd
ZIP57580ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonBLAKE TIDEMANPersonNm
Person TitleTREASURERPersonTitleTxt
Phone6058402068PhoneNum
Signature2024-01-29SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstDONPersonFirstNm
Person LastBICEPersonLastNm
FieldValueIRS element (for citing)
SSNXXX-XX-XXXXSSN
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (true)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonDANA KAUPPreparerPersonNm
PTINP00961052PTIN
Phone6058421757PhoneNum
Preparation2024-01-30PreparationDt
FieldValueIRS element (for citing)
Tax2023TaxYr
Build TS2023-04-26 12:10:37ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerKELLY MEINERSPrincipalOfficerNm
Gross Receipts$124,058GrossReceiptsAmt
Group Return For AffiliatesfalseGroupReturnForAffiliatesInd
Organization501cYes (X)Organization501cInd
Website AddressWWW.WINNERSD.COM/DEVELOPMENTWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Activity Or MissionPROMOTE ECONOMIC DEVELOPMENTActivityOrMissionDesc
Voting Members Governing Body72VotingMembersGoverningBodyCnt
Voting Members Independent72VotingMembersIndependentCnt
Total Employee0TotalEmployeeCnt
Total Gross UBI$0TotalGrossUBIAmt
PY Contributions Grants$30,000PYContributionsGrantsAmt
CY Contributions Grants$40,000CYContributionsGrantsAmt
PY Program Service Revenue$14,515PYProgramServiceRevenueAmt
CY Program Service Revenue$15,166CYProgramServiceRevenueAmt
PY Investment Income$1,389PYInvestmentIncomeAmt
CY Investment Income$7,360CYInvestmentIncomeAmt
CY Other Revenue$1,105CYOtherRevenueAmt
PY Total Revenue$45,904PYTotalRevenueAmt
CY Total Revenue$63,631CYTotalRevenueAmt
CY Grants And Similar Paid$34,500CYGrantsAndSimilarPaidAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
CY Salaries Comp Emp Bnft Paid$0CYSalariesCompEmpBnftPaidAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$64,554PYOtherExpensesAmt
CY Other Expenses$39,273CYOtherExpensesAmt
PY Total Expenses$64,554PYTotalExpensesAmt
CY Total Expenses$73,773CYTotalExpensesAmt
PY Revenues Less Expenses-$18,650PYRevenuesLessExpensesAmt
CY Revenues Less Expenses-$10,142CYRevenuesLessExpensesAmt
Total Assets BOY$910,867TotalAssetsBOYAmt
Total Assets EOY$901,975TotalAssetsEOYAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$910,867NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$901,975NetAssetsOrFundBalancesEOYAmt
MissionPROMOTE ECONOMIC DEVELOPMENTMissionDesc
Significant New Program SrvcfalseSignificantNewProgramSrvcInd
Significant ChangefalseSignificantChangeInd
Expense$312ExpenseAmt
DescMAINTAINS A REVOLVING LOAN FUND. CURRENTLY THEY HAVE TWELVE LOW-INTEREST LOANS THEY ARE MAINTAINING.Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

FieldValueIRS element (for citing)
Expense$71,839ExpenseAmt
Grant$34,500GrantAmt
DescTHEY HAVE AN ONGOING EFFORT WORKING TO ENCOURAGE BUSINESSES TO LOCATE TO THE WINNER, SD, AREA.Desc
FieldValueIRS element (for citing)
Total Program Service Expenses$72,151TotalProgramServiceExpensesAmt
Described In Section501c3falseDescribedInSection501c3Ind
Schedule B RequiredfalseScheduleBRequiredInd
Political Campaign ActyfalsePoliticalCampaignActyInd
Subject To Proxy TaxfalseSubjectToProxyTaxInd
Donor Advised FundfalseDonorAdvisedFundInd
Conservation EasementsfalseConservationEasementsInd
Collections Of ArtfalseCollectionsOfArtInd
Credit CounselingfalseCreditCounselingInd
Donor Rstr Or Quasi EndowmentsfalseDonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (true)ReportLandBuildingEquipmentInd
Report Investments Other SecfalseReportInvestmentsOtherSecInd
Report Program Related InvstfalseReportProgramRelatedInvstInd
Report Other AssetsfalseReportOtherAssetsInd
Report Other LiabilitiesfalseReportOtherLiabilitiesInd
Include FIN48 FootnotefalseIncludeFIN48FootnoteInd
Independent Audit Fincl StmtfalseIndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtfalseConsolidatedAuditFinclStmtInd
School OperatingfalseSchoolOperatingInd
Foreign OfficefalseForeignOfficeInd
Foreign ActivitiesfalseForeignActivitiesInd
More Than5000 K To OrgfalseMoreThan5000KToOrgInd
More Than5000 K To IndividualsfalseMoreThan5000KToIndividualsInd
Professional FundraisingfalseProfessionalFundraisingInd
Fundraising ActivitiesfalseFundraisingActivitiesInd
Gaming ActivitiesfalseGamingActivitiesInd
Operate HospitalfalseOperateHospitalInd
Grants To OrganizationsYes (true)GrantsToOrganizationsInd
Grants To IndividualsfalseGrantsToIndividualsInd
Schedule J RequiredfalseScheduleJRequiredInd
Tax Exempt BondsfalseTaxExemptBondsInd
Loan OutstandingfalseLoanOutstandingInd
Grant To Related PersonfalseGrantToRelatedPersonInd
Business Rln With Org MemfalseBusinessRlnWithOrgMemInd
Business Rln With Fam MemfalseBusinessRlnWithFamMemInd
Business Rln With35 Ctrl EntfalseBusinessRlnWith35CtrlEntInd
Deductible Non Cash ContrifalseDeductibleNonCashContriInd
Deductible Art ContributionfalseDeductibleArtContributionInd
Terminate OperationsfalseTerminateOperationsInd
Partial LiquidationfalsePartialLiquidationInd
Disregarded EntityfalseDisregardedEntityInd
Related EntityfalseRelatedEntityInd
Related Organization Ctrl EntfalseRelatedOrganizationCtrlEntInd
Activities Conducted PrtshpfalseActivitiesConductedPrtshpInd
Schedule O RequiredYes (true)ScheduleORequiredInd
IRP Document4IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Employee0EmployeeCnt
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Foreign Financial AccountfalseForeignFinancialAccountInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Taxable Party NotificationfalseTaxablePartyNotificationInd
Nondeductible ContributionsfalseNondeductibleContributionsInd
Indoor Tanning ServicesfalseIndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst IncfalseSubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members72GoverningBodyVotingMembersCnt
Independent Voting Member72IndependentVotingMemberCnt
Family Or Business RlnfalseFamilyOrBusinessRlnInd
Delegation Of Mgmt DutiesfalseDelegationOfMgmtDutiesInd
Change To Org DocumentsfalseChangeToOrgDocumentsInd
Material Diversion Or MisusefalseMaterialDiversionOrMisuseInd
Members Or StockholdersfalseMembersOrStockholdersInd
Election Of Board MembersYes (true)ElectionOfBoardMembersInd
Decisions Subject To ApprovafalseDecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (true)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (true)MinutesOfCommitteesInd
Officer Mailing AddressfalseOfficerMailingAddressInd
Local ChaptersfalseLocalChaptersInd
Form990 Provided To Gvrn BodyfalseForm990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyfalseConflictOfInterestPolicyInd
Whistleblower PolicyfalseWhistleblowerPolicyInd
Document Retention PolicyfalseDocumentRetentionPolicyInd
Compensation Process CEOYes (true)CompensationProcessCEOInd
Compensation Process OtherfalseCompensationProcessOtherInd
Investment In Joint VenturefalseInvestmentInJointVentureInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonMIKE SCOTTPersonNm
Phone6058421533PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 624AddressLine1Txt
CityWINNERCityNm
State AbbreviationSDStateAbbreviationCd
ZIP57580ZIPCd
FieldValueIRS element (for citing)
No Listed Persons CompensatedYes (X)NoListedPersonsCompensatedInd

Form990 Part VII Section A Form990PartVIISectionAGrp (9 entries)

TitleTitleTxtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmt
KELLY MEINERS
PRESIDENTYes (X)Yes (X)$0$0$0
JAMES MATHIS
VICE PRESIDEYes (X)Yes (X)$0$0$0
DAN PATMORE
SECRETARYYes (X)Yes (X)$0$0$0
BLAKE TIDEMAN
TREASURERYes (X)Yes (X)$0$0$0
JOHN MEYER
DIRECTORYes (X)$0$0$0
CRAIG SCHAEFFER
DIRECTORYes (X)$0$0$0
BRENDA KLEIN
DIRECTORYes (X)$0$0$0
CASEY HEENAN
DIRECTORYes (X)$0$0$0
DENISE HIGGINS
DIRECTORYes (X)$0$0$0
FieldValueIRS element (for citing)
Former Ofcr Employees ListedfalseFormerOfcrEmployeesListedInd
Total Comp Greater Than150 KfalseTotalCompGreaterThan150KInd
Compensation From Other SrcsfalseCompensationFromOtherSrcsInd
Government Grants$40,000GovernmentGrantsAmt
Total Contributions$40,000TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp

FieldValueIRS element (for citing)
DescREVOLVING FUND INTERESTDesc
Total Revenue Column$15,166TotalRevenueColumnAmt
Related Or Exempt Func Income$15,166RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Total Program Service Revenue$15,166TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$2,787TotalRevenueColumnAmt
Related Or Exempt Func Income$2,787RelatedOrExemptFuncIncomeAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Other$65,000OtherAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Other$60,427OtherAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Other$4,573OtherAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column$4,573TotalRevenueColumnAmt
Related Or Exempt Func Income$4,573RelatedOrExemptFuncIncomeAmt

Other Revenue Misc OtherRevenueMiscGrp

FieldValueIRS element (for citing)
DescREFUNDSDesc
Total Revenue Column$1,105TotalRevenueColumnAmt
Related Or Exempt Func Income$1,105RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Other Revenue Total$1,105OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$63,631TotalRevenueColumnAmt
Related Or Exempt Func Income$23,631RelatedOrExemptFuncIncomeAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$34,500TotalAmt
Program Services$34,500ProgramServicesAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$1,622TotalAmt
Management And General$1,622ManagementAndGeneralAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$47TotalAmt
Program Services$47ProgramServicesAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$114TotalAmt
Program Services$114ProgramServicesAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$5,110TotalAmt
Program Services$5,110ProgramServicesAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$299TotalAmt
Program Services$299ProgramServicesAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$2,649TotalAmt
Program Services$2,649ProgramServicesAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmt
CUSTOM HIRE$28,500$28,500
REPAIRS$315$315
FEES$312$312
DUES & SUBSCRIPTIONS$241$241

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$64TotalAmt
Program Services$64ProgramServicesAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$73,773TotalAmt
Program Services$72,151ProgramServicesAmt
Management And General$1,622ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$20,951BOYAmt
EOY$16,835EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$362,653BOYAmt
EOY$249,200EOYAmt

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

FieldValueIRS element (for citing)
BOY$486,004BOYAmt
EOY$617,671EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$59,221LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$40,952LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$18,269BOYAmt
EOY$18,269EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$22,990BOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$910,867BOYAmt
EOY$901,975EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt
FieldValueIRS element (for citing)
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind

Cap Stk Tr Prin Current Funds CapStkTrPrinCurrentFundsGrp

FieldValueIRS element (for citing)
BOY$96,775BOYAmt
EOY$99,400EOYAmt

Pd In Cap Srpls Land Bldg Eqp Fund PdInCapSrplsLandBldgEqpFundGrp

FieldValueIRS element (for citing)
BOY$1,375BOYAmt

Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp

FieldValueIRS element (for citing)
BOY$812,717BOYAmt
EOY$802,575EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$910,867BOYAmt
EOY$901,975EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$910,867BOYAmt
EOY$901,975EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part XIYes (X)InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss-$10,142ReconcilationRevenueExpnssAmt
Other Changes In Net Assets$1,250OtherChangesInNetAssetsAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd
Accountant Compile Or ReviewfalseAccountantCompileOrReviewInd
FS AuditedfalseFSAuditedInd
Federal Grant Audit RequiredfalseFederalGrantAuditRequiredInd

Schedule D IRS990ScheduleD

Land LandGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$18,269OtherCostOrOtherBasisAmt
Book Value$18,269BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$40,952OtherCostOrOtherBasisAmt
Depreciation$40,952DepreciationAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$18,269TotalBookValueLandBuildingsAmt

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records MaintainedYes (true)GrantRecordsMaintainedInd

Recipient Table RecipientTable

Recipient Business Name RecipientBusinessName

FieldValueIRS element (for citing)
Business Name Line1FULL SWING ENTERPRISESBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line134613 299TH STAddressLine1Txt
CityBURKECityNm
State AbbreviationSDStateAbbreviationCd
ZIP57523ZIPCd
FieldValueIRS element (for citing)
Cash Grant$30,000CashGrantAmt
Purpose Of GrantECONOMIC DEVELOPMENTPurposeOfGrantTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (5 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PAGE 6, PART VI, LINE 7ABOARD OF DIRECTORS ARE ELECTED BY THE STOCKHOLDERS.
FORM 990, PAGE 6, PART VI, LINE 11BTHE 990 TAX RETURN IS REVIEWED AND APPROVED TO BE FILED BY THE BOARD OF DIRECTORS.
FORM 990, PAGE 6, PART VI, LINE 15ATHE EXECUTIVE DIRECTOR IS HIRED AND COMPENSATION IS SET BY THE BOARD OF DIRECTORS ON AN ANNUAL BASIS.
FORM 990, PAGE 6, PART VI, LINE 19DOCUMENTS ARE AVAILABLE TO ANYONE ATTENDING A REGULAR BOARD OF DIRECTORS MEETING.
FORM 990, PART XI, LINE 9ADDITIONAL PURCHASES OF STOCK 1,250

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