Yankton Thrive Inc
- Assets
- $4.5m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 0
- Location
- Yankton, SD
- Founding
- 11/1982
- Data as of
- 09/2021
- EIN
- 46-0348636
Organization Overview
Yankton Thrive Inc is located in Yankton, SD. The organization was established in 1982. According to its NTEE Classification (S46) the organization is classified as: Boards of Trade, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Yankton Thrive Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 09/2021, Yankton Thrive Inc generated $1.6m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 14.9% each year . All expenses for the organization totaled $1.7m during the year ending 09/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Yankton Thrive Inc has awarded 53 individual grants totaling $7,545,651. 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 PROVIDE LEADERSHIP FOR ENHANCING ECONOMIC OPPORTUNITIES THAT WILL CREATE VALUE FOR OUR MEMBERS AND THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTED & IMPLEMENTED BUSINESS & TOURISM PROGRAMS TO GREATER YANKTON AREA
IMPLEMENT WORKFORCE AND EMPLOYEE RETENTION/RECRUITMENT INTIATIVES FOR EXPANSION OF YANKTON ECONOMIC DEVELOPMENT AND LOCAL BUSINESSES.
GRANTED MONEY & DEVELOPED PROGRAMS FOR BUSINESSES AND NONPROFITS AS AN INCENTIVE TO CREATE ECONOMIC DEVELOPMENT IN THE YANKTON AREA.
PROMOTED & IMPLEMENTED BUSINESS & TOURISM PROGRAMS TO GREATER YANKTON AREA
IMPLEMENT WORKFORCE AND EMPLOYEE RETENTION/RECRUITMENT INTIATIVES FOR EXPANSION OF YANKTON ECONOMIC DEVELOPMENT AND LOCAL BUSINESSES.
GRANTED MONEY & DEVELOPED PROGRAMS FOR BUSINESSES AND NONPROFITS AS AN INCENTIVE TO CREATE ECONOMIC DEVELOPMENT IN THE YANKTON AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nancy Wenande Ceo/presiden | Officer | 40 | $131,980 |
Brian Steward Treasurer | Officer | 40 | $75,578 |
Name Not Listed Board Member | Trustee | 1 | $0 |
Amy Leon Vice Preside | OfficerTrustee | 5 | $0 |
Kevin Moe Vice Preside | OfficerTrustee | 5 | $0 |
Bridget Benson Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $90,184 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,106,874 |
| All other contributions, gifts, grants, and similar amounts not included above | $109,968 |
| Noncash contributions included in lines 1a–1f | $7,033 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,307,026 |
| Total Program Service Revenue | $353,301 |
| Investment income | $1,850 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $9,376 |
| 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 | -$8,025 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,616,302 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $843,198 |
| 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. | $207,558 |
| Compensation of current officers, directors, key employees. | $103,953 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $138,805 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $21,189 |
| Payroll taxes | $28,356 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $39,323 |
| 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 | $54,491 |
| Office expenses | $9,159 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $21,943 |
| Travel | $2,799 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $51,073 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $22,914 |
| Insurance | $8,209 |
| All other expenses | $36,413 |
| Total functional expenses | $1,669,464 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,374,741 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $626,894 |
| Accounts receivable, net | $150,041 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $29,535 |
| Notes and loans receivable | $35,000 |
| Inventories for sale or use | $765,418 |
| Prepaid expenses and deferred charges | $19,237 |
| Net Land, buildings, and equipment | $802,907 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $719,132 |
| Intangible assets | $7,909 |
| Other assets | $0 |
| Total assets | $4,530,814 |
| Accounts payable and accrued expenses | $13,688 |
| Grants payable | $801,911 |
| Deferred revenue | $110,449 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $46,400 |
| Secured mortgages and notes payable | $211,544 |
| Unsecured mortgages and notes payable | $1,184,282 |
| Other liabilities | $40,691 |
| Total liabilities | $2,408,965 |
| Net assets without donor restrictions | $1,136,405 |
| Net assets with donor restrictions | $985,444 |
| Capital stock or trust principal, or current funds | $0 |
| 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 | $4,530,814 |
Grants Awarded
Over the last fiscal year, Yankton Thrive Inc has awarded $1,686,396 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
MENARDS PURPOSE: SALES TAX INCENTIVE | $365,005 |
MENARDS PURPOSE: SALES TAX INCENTIVE | $365,005 |
Brookings, SD PURPOSE: COMMUNITY SUPPORT | $250,000 |
Brookings, SD PURPOSE: COMMUNITY SUPPORT | $250,000 |
CITY OF YANKTON PURPOSE: LAND TRANSFERS | $105,204 |
CITY OF YANKTON PURPOSE: LAND TRANSFERS | $105,204 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Yankton Thrive Inc has recieved totaling $120,000.
| Awarding Organization | Amount |
|---|---|
Avera Health Sioux Falls, SD PURPOSE: Sponsorship | $60,000 |
Avera Health Sioux Falls, SD PURPOSE: Sponsorship | $60,000 |
Endowment Analysis
| Beg. Balance | $349,000 |
| Ending Balance | $349,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Greater Minneapolis Convention & Visitors Association Minneapolis, MN | $9,011,213 | $11,529,520 |
Assured Performance Auto &collision Care Polson, MT | $71,640,000 | $48,700,000 |
Yankton Thrive Inc Yankton, SD | $4,530,814 | $1,616,302 |
Hall County Convention And Visitors Bureau Inc Grand Island, NE | $489,732 | $1,236,894 |
Lgbtq Real Estate Alliance Saint Paul, MN | $180,486 | $897,536 |
Gold West Country Of Montana Inc Deer Lodge, MT | $589,844 | $873,653 |
Minnesota Exploration Association Inc Duluth, MN | $252,703 | $417,376 |
Council Bluffs Convention And Visitors Bureau Council Bluffs, IA | $1,064,909 | $754,066 |
Minnesota Thoroughbred Association Inc Shakopee, MN | $30,505 | $523,741 |
Minnesota Milk Producers Association St Paul, MN | $490,032 | $536,553 |
Bctgm Local Union 167g Grand Forks, ND | $425,609 | $389,085 |
Federation Of Iowa Insurers Des Moines, IA | $466,519 | $394,695 |