2014-03-17T14:54:52-05:00 2013-09-30 480997992 Kennedy McKee & Company LLP PO Box 1477 Dodge City KS 678011477 990 2012-10-01 480971150 Great Plains Development Inc GREA 6202276406 PO Box 1116 Dodge City KS 67801 Robert Wetmore 6202276406 2014-03-17 1 Lu Ann Wetmore P00018478 6202273135 2014-03-17 2012 2015-11-30 17:44:51Z Robert Wetmore PO Box 1116 Dodge City KS 67801 75140 0 X www.gpdionline.com X 1982 KS Under the oversight of its 28 county membership and 11 member Board of Directors, GPDI provides professional leadership and technical assistance in financing, loan packaging and business planning to individuals, businesses and government agencies for the purpose of stimulating economic development and job creation in our 28 county area. Our resources also include programs that assist our cities and counties with grant writing and certified administration for community improvement, housing and urgent need projects. Many of its services and grants require a charitable not-for-profit status. 11 11 8 51 0 0 456187 18170 304415 56970 0 0 0 0 760602 75140 0 0 0 0 309264 237552 0 0 0 301010 135042 610274 372594 150328 -297454 2973266 2644131 182494 150813 2790772 2493318 X Under the oversight of its 28 county membership and 11 member Board of Directors, GPDI provides professional leadership and technical assistance in financing, loan packaging and business planning to individuals, businesses and government agencies for the purpose of stimulating economic development and job creation in our 28 county area. Our resources also include programs that assist our cities and counties with grant writing and certified administration for community improvement, housing and urgent need projects. Many of its services and grants require a charitable not-for-profit status. 0 0 157356 0 Economic Development Administration programs, including servicing of ten revolving loans under the Economic Development Administration revolving loan program. One new loan was made under this program totaling $11,000. These loans provide for working capital, inventory, equipment, machinery and other fixed assets in 22 eligible counties. 20913 41462 Rural Business Development revolving loan program, including servicing of sixteen revolving loans under the program which provided funds to help develop small businesses. 45142 67640 Small Business Adminstration programs - GPDI has been designated as a Certified Development Company (CDC) to work with the SBA and private sector lenders to provide small business concerns with access to scarce capital. GPDI assists small businesses with the loan application process from origination thorugh servicing. 109322 -52132 Community Development Block Grant programs, Rural Economic and Community Development IRP programs, RECD rural business enterprise programs. 109322 -52132 332733 1 0 0 0 0 0 0 0 0 0 1 0 1 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 4 0 8 1 0 0 0 0 0 0 0 0 0 0 X 11 11 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 0 1 1 0 0 X Faye Trent 6202276406 PO Box 1116 Dodge City KS 67801 Marsha Ewy 0.00 X 0 0 0 Joe Reynolds 0.00 X 0 0 0 Paul Olsen 5.00 X X 5940 0 0 Kim Krehbiel 0.00 X X 0 0 0 Duane Dunn 0.00 X 0 0 0 Rodger DeGarmo 0.00 X 0 0 0 Dan Fankhauser 0.00 X X 0 0 0 Jay Harris 0.00 X 0 0 0 Craig Neeland 0.00 X 0 0 0 John Simon 0.00 X 0 0 0 Roman Halbur 0.00 X 0 0 0 Patty Richardson 40.00 X 62260 0 8340 Faye Trent 40.00 X 49792 0 8623 Bob Wetmore 40.00 X 60000 0 21301 177992 0 38264 0 0 0 0 0 18170 18170 Origination and servic 561000 134126 134126 Interest on revolving 525990 49583 49583 Bad debt recovery 525990 3761 3761 Grants 900099 -40370 -40370 Miscellaneous income a 900099 -90130 -90130 56970 75140 56970 0 0 118093 106284 11809 48684 44300 4384 5170 4650 520 50239 45215 5024 15366 13868 1498 38840 34956 3884 4596 4187 409 16328 14862 1466 22954 20660 2294 12481 11456 1025 1425 1393 32 5008 4507 501 4901 4432 469 Bad loans 11077 6905 4172 Membership dues 8663 7697 966 Miscellaneous expenses 3202 3202 Technical assistance ex 2927 2927 2640 1232 1408 372594 332733 39861 0 470 470 1634520 1563940 69112 0 45893 30870 991876 894872 3982 2688 168608 143480 10357 25128 32723 34230 180483 90252 3850 1681 2973266 2644131 25966 13820 23772 21246 121918 111160 10838 4587 182494 150813 X 1958892 1754365 831880 738953 2790772 2493318 2973266 2644131 -297454 0 X 0 1 X 0 0 X 540647 385650 542287 456187 18170 1942941 266637 344480 208898 218102 182041 1220158 807284 730130 751185 674289 200211 3163099 0 242523 155790 281352 274972 954637 242523 155790 281352 274972 954637 2208462 2690 2012 2103 1706 1668 10179 2690 2012 2103 1706 1668 10179 2734 10000 -24662 -26379 -90131 -128438 812708 742142 728626 649616 111748 3044840 0.72530 0.57590 0.00330 0.08700 X 168608 143480 25128 25128 Custodial accounts 69 Accrued interest payable 1112 Lease payable 3406 4587 X 75139 -1 -1 75140 0 75140 372593 0 372593 1 1 372594 Description of Uncertain Tax Positions Under FIN 48: Part X, Line 2: The Organization is exempt from federal income tax under Section 501 (c) (3) of the Internal Revenue code. The Organization qualifies for the charitable contribution deduction under Section 170(b) (1) (A) and has been classified as an organization other than a private foundation under Section 509 (a) (2). The Organization believes that it has appropriate support for any tax positions taken, and as such, does not have any uncertain tax positions that are material to the financial statements. The Organization's federal Exempt Organization Income Tax Returns (Form 990) are subject to examination by the IRS, generally for three years after they were filed. The Organization's Forms 990 for the years ended September 30, 2009, 2010, and 2011 were not timely filed, and its exempt status was revoked effective February 15, 2012. GPDI has filed for retroactive reinstatement. Part XI, Line 2d - Other Adjustments: Rounding -1. Part XII, Line 4b - Other Adjustments: Rounding 1. Form 990, Part VI, Section A, line 6 Great Plains has as its members a group consisting of at least 29 persons known as "members" that are chosen and selected in accordance with Economic Development Administration and Small Business Administration guidelines. The membership of Great Plains is representative of the community in which it operaties and includes participation by all categories of persons required by the applicable directives, rules, and regulations of the EDA, SBA, and FmHA as amended from time to time. The County Commissioners of each county in the Service Area appoint 2 members each, and the City Commission of Dodge City, Garden City, Great Bend, Liberal, and Pratt each appoint 1 member. The Board of Directors make such additional appointments as necessary to fill the membership requirements and to meet the needs of Great Plains. Form 990, Part VI, Section A, line 7a There are required to be 11 directors who serve a term of 3 years. The board of Directors are elected from the corporate membership at the annual meeting of Great Plains. Form 990, Part VI, Section B, line 11 The review of the Form 990 is now an annual board of director's agenda item. The board approved the Forms 990 for the 9/30/09, 9/30/10, 9/30/11, and 9/30/12, along with the Form 1023 Application for Retroactive Reinstatement. Form 990, Part VI, Section B, line 12c Annual conflict disclosures are required by two separate government oversight agencies and signed by the President of the Great Plains Development Board of Directors. When any matter comes before Great Plains in which any member has a personal interest, then said member shall, prior to the vote being taken, announce a conflict of interest and abstain from voting. This includes legal counsel. In addition to the conflict of interest policy, GPDI has a Code of Conduct that states: No employee, officer, or agent shall participate in the selection, award, or administration of a contract in which Federal funds are used, where to his knowledge, he or his immediate family or partner has a financial interest or with whom he is negotiating or has any arrangement concerning prospective employment. The recipient's officers, employees or agents shall neither solicit nor accept gratuities, favors, or anything of monetary value from contractors or potential contractors. GPDI will provide disciplinary action for violations of such standards by GPDI's officers, employees, or agents. Form 990, Part VI, Section B, line 15a The Kansas Department of Commerce and the National Association of Development Companies offers annual data on comparable compensation. Documentation and recordkeeping are reflected in the minutes when the Board of Directors review compensation. Form 990, Part VI, Section C, line 19 As required by all the government agencies served, as a charitable private not-for-profit organization, this information is readily available at our offices for public use. Specific information is also available by email, telephone or fax as requested.