St Louis Development Coroporation
- Assets
- $13.7m
- Revenue
- $12.3m
- Investments
- $0.0
- Employees
- 72
- Location
- St Louis, MO
- Founding
- 11/1995
- Data as of
- 06/2021
- EIN
- 43-1490972
Organization Overview
St Louis Development Coroporation is located in St Louis, MO. The organization was established in 1995. According to its NTEE Classification (S50) the organization is classified as: Nonprofit Management, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2021, St Louis Development Coroporation employed 72 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. St Louis Development Coroporation is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 06/2021, St Louis Development Coroporation generated $12.3m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 12.1% each year . All expenses for the organization totaled $15.8m during the year ending 06/2021. While expenses have increased by 9.0% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, St Louis Development Coroporation has awarded 109 individual grants totaling $1,668,125. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO IMPROVE THE EFFICIENCY AND EFFECTIVENESS OF THE ECONOMIC DEVELOPMENT ACTIVITIES OF THE CITY OF ST. LOUIS, MISSOURI.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SLDC IMPROVES THE EFFICIENCY AND EFFECTIVENESS OF SIX GOVERNMENT AGENCIES AND ST. LOUIS LOCAL DEVELOPMENT COMPANY, ANOTHER TAX-EXEMPT ORGANIZATION, BY PERFORMING ADMINISTRATIVE AND RESEARCH FUNCTIONS. THE CORPORATION ACTS AS AN IMPREST ADMINISTRATION FUND WHICH PAYS THE GENERAL EXPENSES AND ALLOCATES THEM TO THE SEVEN AFFILIATED AGENCIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Otis Williams Chairman/executive Dir | OfficerTrustee | 40 | $248,339 |
Robert J Gaskill-Clemons Chief Technology Officer | 40 | $170,169 | |
Dale E Ruthsatz Director Of Commercial Dev | 40 | $118,836 | |
Charles Hahn Treasurer/controller | OfficerTrustee | 40 | $118,381 |
Paul Orr Project Manager | 40 | $117,752 | |
Laura Costello Director Of Real Estate | 40 | $111,470 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cdg Engineers Architects Business Development | 6/29/21 | $949,463 |
Sbc Contracting Inc Construction | 6/29/21 | $4,045,561 |
Z & L Wrecking Construction | 6/29/21 | $610,700 |
Superior Industries Inc Construction | 6/29/21 | $589,864 |
Railworks Track Service Transportation | 6/29/21 | $892,657 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $11,953,627 |
| Investment income | $6,080 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $331,806 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $12,294,204 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $96,662 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,122,019 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,034,316 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $781,674 |
| Payroll taxes | $348,634 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $79,741 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $407,244 |
| Travel | $48,266 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $26,265 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $35,268 |
| All other expenses | -$962,043 |
| Total functional expenses | $15,818,951 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,324,176 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $931,417 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $672,405 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $474,646 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $37,600 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $8,244,157 |
| Total assets | $13,684,401 |
| Accounts payable and accrued expenses | $1,853,283 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $11,388,659 |
| Total liabilities | $13,241,942 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $442,459 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $13,684,401 |
Grants Awarded
Over the last fiscal year, St Louis Development Coroporation has awarded $96,662 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
WJL COMPANIES LLC PURPOSE: FACADE IMPROVEMENT | $40,000 |
DALE SIGN SERVICE PURPOSE: FACADE IMPROVEMENT | $18,704 |
ST LOUIS GLASS PURPOSE: FACADE IMPROVEMENT | $15,000 |
JEFFERSON TENT & AWNING CO PURPOSE: FACADE IMPROVEMENT | $7,650 |
BATES ELECTRIC PURPOSE: FACADE IMPROVEMENT | $5,750 |
EMPIRE FENCE CO PURPOSE: FACADE IMPROVEMENT | $4,888 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that St Louis Development Coroporation has recieved totaling $200,000.
| Awarding Organization | Amount |
|---|---|
Rockefeller Foundation New York, NY PURPOSE: IN SUPPORT OF ENHANCING ST. LOUIS'S CAPACITY TO LEVERAGE THE OPPORTUNITY ZONES TAX INCENTIVE TO ATTRACT PRIVATE INVESTMENTS INTO DISTRESSED COMMUNITIES | $200,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Council Of State Governments Lexington, KY | $43,258,736 | $43,166,862 |
St Louis Development Coroporation St Louis, MO | $13,684,401 | $12,294,204 |
Bcmw Community Services Centralia, IL | $5,070,434 | $12,817,293 |
Partnership For Families Children And Adults Inc Chattanooga, TN | $6,989,101 | $6,359,837 |
Alliance Of Local Service Organizations Chicago, IL | $1,821,050 | $5,596,702 |
Community Development Support Association Inc 2615 E Randolph Enid, OK | $10,236,786 | $3,375,382 |
Tennessee Coalition To End Domestic And Sexual Violence Nashville, TN | $1,243,708 | $2,876,660 |
Central Regional Dental Testing Service Inc Topeka, KS | $5,053,906 | $4,134,888 |
Oklahoma Center For Nonprofits Inc Oklahoma City, OK | $13,693,214 | $8,581,914 |
Community Partnership Of Southeast Missouri Cape Girardeau, MO | $3,661,561 | $3,545,590 |
The Paramount Foundation Bristol, TN | $2,156,757 | $3,301,489 |
Embrace Living Communities Oak Brook, IL | $5,421,224 | $1,916,839 |