BETA

SOUTH CENTRAL DEVELOPMENT: Form 990, tax year 2014

View the entire original 990 at ProPublica ↗

Organization
SOUTH CENTRAL DEVELOPMENT (EIN 46-0397166)
Tax period
2014-01-01 to 2014-12-31
Filed
2015-02-17
IRS object ID
201500489349302410
Schema version
2014v5.0
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)
Return2015-02-17T17:48:36-06:00ReturnTs
Tax Period End2014-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN205804965PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1FENENGA DESMET & COMPANY 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 Begin2014-01-01TaxPeriodBeginDt

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)
PersonDONALD BICEPersonNm
Person TitleSECRETARYPersonTitleTxt
Signature2015-02-12SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonGARY L FENENGAPreparerPersonNm
PTINP00000542PTIN
Phone6058421757PhoneNum
Preparation2015-02-13PreparationDt
FieldValueIRS element (for citing)
Tax2014TaxYr
Build TS2016-02-25 16:41:14ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Gross Receipts$22,086GrossReceiptsAmt
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 Body6VotingMembersGoverningBodyCnt
Voting Members Independent44VotingMembersIndependentCnt
Total Employee1TotalEmployeeCnt
Total Gross UBI$0TotalGrossUBIAmt
PY Contributions Grants$40,040PYContributionsGrantsAmt
CY Contributions Grants$6,000CYContributionsGrantsAmt
PY Program Service Revenue$16,493PYProgramServiceRevenueAmt
CY Program Service Revenue$15,589CYProgramServiceRevenueAmt
PY Investment Income$280,459PYInvestmentIncomeAmt
CY Investment Income$416CYInvestmentIncomeAmt
PY Other Revenue$817PYOtherRevenueAmt
CY Other Revenue$81CYOtherRevenueAmt
PY Total Revenue$337,809PYTotalRevenueAmt
CY Total Revenue$22,086CYTotalRevenueAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$55,767PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$55,544CYSalariesCompEmpBnftPaidAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$49,948PYOtherExpensesAmt
CY Other Expenses$15,381CYOtherExpensesAmt
PY Total Expenses$105,715PYTotalExpensesAmt
CY Total Expenses$70,925CYTotalExpensesAmt
PY Revenues Less Expenses$232,094PYRevenuesLessExpensesAmt
CY Revenues Less Expenses-$48,839CYRevenuesLessExpensesAmt
Total Assets BOY$838,573TotalAssetsBOYAmt
Total Assets EOY$789,705TotalAssetsEOYAmt
Total Liabilities BOY$2,839TotalLiabilitiesBOYAmt
Total Liabilities EOY$2,836TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$835,734NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$786,869NetAssetsOrFundBalancesEOYAmt
MissionPROMOTE ECONOMIC DEVELOPMENTMissionDesc
Significant New Program SrvcfalseSignificantNewProgramSrvcInd
Significant ChangefalseSignificantChangeInd
Expense$2,149ExpenseAmt
DescMAINTAINS A REVOLVING LOAN FUND. CURRENTLY THEY HAVE THIRTEEN LOW-INTEREST LOANS THEY ARE MAINTAINING.Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

FieldValueIRS element (for citing)
Expense$67,400ExpenseAmt
DescTHEY HAVE AN ONGOING EFFORT WORKING TO ENCOURAGE BUSINESSES TO LOCATE IN THE WINNER, SD, AREA.Desc
FieldValueIRS element (for citing)
Total Program Service Expenses$69,549TotalProgramServiceExpensesAmt
Described In Section501c3falseDescribedInSection501c3Ind
Schedule B RequiredfalseScheduleBRequiredInd
Political Campaign ActyfalsePoliticalCampaignActyInd
Subject To Proxy TaxfalseSubjectToProxyTaxInd
Donor Advised FundfalseDonorAdvisedFundInd
Conservation EasementsfalseConservationEasementsInd
Collections Of ArtfalseCollectionsOfArtInd
Credit CounselingfalseCreditCounselingInd
Temp Or Permanent EndowmentsfalseTempOrPermanentEndowmentsInd
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 OrganizationsfalseGrantsToOrganizationsInd
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 With Officer EntfalseBusinessRlnWithOfficerEntInd
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 Document0IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Employee1EmployeeCnt
Employment Tax Returns FiledYes (true)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Foreign Financial AccountfalseForeignFinancialAccountInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Taxable Party NotificationfalseTaxablePartyNotificationInd
Nondeductible ContributionsfalseNondeductibleContributionsInd
Indoor Tanning ServicesfalseIndoorTanningServicesInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members6GoverningBodyVotingMembersCnt
Independent Voting Member44IndependentVotingMemberCnt
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)
PersonDON BICEPersonNm
Phone6058402068PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line131629 277TH STREETAddressLine1Txt
CityWINNERCityNm
State AbbreviationSDStateAbbreviationCd
ZIP57580ZIPCd
FieldValueIRS element (for citing)
No Listed Persons CompensatedYes (X)NoListedPersonsCompensatedInd

Form990 Part VII Section A Form990PartVIISectionAGrp (4 entries)

TitleTitleTxtOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmt
TOM KAUER
PRESIDENTYes (X)$0$0$0
DAN PATMORE
SECRETARYYes (X)$0$0$0
DON BICE
TREASURERYes (X)$0$0$0
RANDY VANDENHOEK
VICE-PRESIDEYes (X)$0$0$0
FieldValueIRS element (for citing)
Former Ofcr Employees ListedfalseFormerOfcrEmployeesListedInd
Total Comp Greater Than150 KfalseTotalCompGreaterThan150KInd
Compensation From Other SrcsfalseCompensationFromOtherSrcsInd
Government Grants$6,000GovernmentGrantsAmt
Total Contributions$6,000TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (2 entries)

DescDescTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
REVOLVING FUND INTEREST$15,089$15,089
OTHER INCOME$500$500
FieldValueIRS element (for citing)
Total Program Service Revenue$15,589TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$416TotalRevenueColumnAmt
Related Or Exempt Func Income$416RelatedOrExemptFuncIncomeAmt

Other Revenue Misc OtherRevenueMiscGrp

FieldValueIRS element (for citing)
DescOTHER REVENUEDesc
Total Revenue Column$81TotalRevenueColumnAmt
Related Or Exempt Func Income$81RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Other Revenue Total$81OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$22,086TotalRevenueColumnAmt
Related Or Exempt Func Income$16,086RelatedOrExemptFuncIncomeAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$46,909TotalAmt
Program Services$46,909ProgramServicesAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$7,200TotalAmt
Program Services$7,200ProgramServicesAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$1,435TotalAmt
Program Services$1,435ProgramServicesAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$1,376TotalAmt
Management And General$1,376ManagementAndGeneralAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$2,234TotalAmt
Program Services$2,234ProgramServicesAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$6,397TotalAmt
Program Services$6,397ProgramServicesAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$25TotalAmt
Program Services$25ProgramServicesAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$936TotalAmt
Program Services$936ProgramServicesAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmt
TELEPHONE$2,164$2,164
OFFICE SUPPLIES$1,084$1,084
BANK CHARGES$1,065$1,065
DUES & SUBS$100$100

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$70,925TotalAmt
Program Services$69,549ProgramServicesAmt
Management And General$1,376ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$141,441BOYAmt
EOY$42,908EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$183,323BOYAmt
EOY$167,728EOYAmt

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

FieldValueIRS element (for citing)
BOY$500,540BOYAmt
EOY$560,800EOYAmt
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$13,269BOYAmt
EOY$18,269EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$838,573BOYAmt
EOY$789,705EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$2,839BOYAmt
EOY$2,836EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$2,839BOYAmt
EOY$2,836EOYAmt
FieldValueIRS element (for citing)
Org Does Not Follow SFAS117Yes (X)OrgDoesNotFollowSFAS117Ind

Cap Stk Tr Prin Current Funds CapStkTrPrinCurrentFundsGrp

FieldValueIRS element (for citing)
BOY$95,525BOYAmt

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$738,834BOYAmt
EOY$786,869EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$835,734BOYAmt
EOY$786,869EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$838,573BOYAmt
EOY$789,705EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss-$48,839ReconcilationRevenueExpnssAmt
Other Changes In Net Assets-$26OtherChangesInNetAssetsAmt
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
FieldValueIRS element (for citing)
Total Book Value Land Buildings$18,269TotalBookValueLandBuildingsAmt

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 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 9MEALS (50%) 26

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