Overview

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Est.

1947

Fiscal Year Start

Aug 1

Organization Type

Grantseeker

990s

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2024
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2023
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2022
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AI Summary

WATERTOWN DEVELOPMENT COMPANY, a nonprofit organization based in Watertown, SD, focuses on urban development with a mission centered on economic development in the local area. With an operating budget of $3.9 million and total revenue of $3.7 million for the 2024 filing year, the organization is supported by multiple funders, none of which contribute 50% or more of its revenue. For more information, visit their website at www.watertowndevelopmentco.com.

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Mission Statement

ECONOMIC DEVELOPMENT IN THE WATERTOWN, SD AREA.

Cause Areas

1
Urban development
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Financials

2024
Revenues
$3.7M
Expenses
$4.1M
Net Income:
-$397.3K
Assets
$30.6M
Liabilities
$25.4M
Net Assets:
+$5.2M

Financial Trends

2024
Operating Budget
$3.9M
Operating Budget by Year

Due Diligence

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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Not in Pub 78 list
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Top Funders

Funder
Total Funding
Funding Share
PRAIRIE LAKES HEALTH CARE SYSTEM INC
WATERTOWN, SD, US
$10.8M
4%
WATERTOWN AREA COMMUNITY FOUNDATION
Watertown, SD, US
$1.5M
6%
Dakota Business Finance
Sioux Falls, SD, US
$130K
8%

Grants Received

2024
Total No. of Grants
1
Median grant size
$10K
Largest grant received
$10K

Board & Team

C
Christopher Clifton
Board Member
B
Brent Hasslen
Board Member
J
John Steinbauer
Board Member

Frequently Asked Questions

What is WATERTOWN DEVELOPMENT COMPANY’s budget?
In 2024, WATERTOWN DEVELOPMENT COMPANY reported an annual operating budget of around $3.9 million. More detailed financial information is available to registered users.
What causes does WATERTOWN DEVELOPMENT COMPANY support?
WATERTOWN DEVELOPMENT COMPANY supports work in Urban development.
Where does WATERTOWN DEVELOPMENT COMPANY operate?
WATERTOWN DEVELOPMENT COMPANY is headquartered in Watertown, SD.
Who funded WATERTOWN DEVELOPMENT COMPANY recently?
In 2024, WATERTOWN DEVELOPMENT COMPANY received grants from Dakota Business Finance, PRAIRIE LAKES HEALTH CARE SYSTEM INC, and PRAIRIE LAKES HEALTH CARE SYSTEM INC. More information on this organization’s funders is available to registered users.
What is the largest grant WATERTOWN DEVELOPMENT COMPANY received in 2024?
The largest grant to WATERTOWN DEVELOPMENT COMPANY in 2024 exceeds $10 thousand.
What is WATERTOWN DEVELOPMENT COMPANY’s reliance on government grants?
WATERTOWN DEVELOPMENT COMPANY relied on government grants for more than 20% of their total revenue in 2024.