Nonprofit · EIN 46-6012194
WATERTOWN DEVELOPMENT COMPANY
Tax-exempt · WATERTOWN, SD 57201
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| July 31, 2025 | 990 | $2,362,893 | $2,807,634 | -$444,741 | $23,144,113 | $18,401,123 | $4,742,990 |
| July 31, 2024 | 990 | $3,726,959 | $4,124,210 | -$397,251 | $30,618,359 | $25,430,628 | $5,187,731 |
| July 31, 2023 | 990 | $1,410,951 | $2,390,900 | -$979,949 | $25,950,816 | $19,782,483 | $6,168,333 |
Financial details: 990 for the year ended July 31, 2025
Revenue
- Contributions, gifts and grants
- $198,037
- of which government grants
- $111,784
- Program service revenue
- $1,645,950
- Investment income
- $508,799
- Net gain from sales of assets
- $447,051
- Other revenue
- $10,107
Expenses
- Grants and similar amounts paid
- $43,888
- Compensation of officers, directors and key employees
- $175,636
- Other salaries and wages
- $168,884
- Salaries, compensation and benefits (total)
- $395,986
- Professional fundraising fees
- $0
- Legal fees
- $116,990
- Accounting fees
- $128,730
- Occupancy
- $128,848
- Depreciation
- $601,135
Balance sheet and other
- Total assets, start of year
- $30,618,359
- Total assets, end of year
- $23,144,113
- Total liabilities, end of year
- $18,401,123
- Net assets, end of year
- $4,742,990
- Land, buildings and equipment
- $13,720,614
- Net assets without donor restrictions
- $3,634,965
- Net assets with donor restrictions
- $1,108,025
- Gross receipts
- $9,538,363
- Employees
- 6
- Volunteers
- 14
- Year formed
- 1947
- State of legal domicile
- SD
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended July 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| CHRISTOPHER CLIFTON | EXECUTIVE DI Officer | 40 | $149,040 | $21,374 |
| ALAN STAGER | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| MARK DUNN | SECRETARY/TR Trustee or director, Officer | 1 | $0 | $0 |
| STEVE LEHNER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| TIFFANY SANDERSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| TROY VANDUSEN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DUSTIN FLATTEN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DAN GARVEY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| TROY ZEBROSKI | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JOHN ALLEN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| COREY BALOUN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JOSH HOGUE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ANDRE KELLER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DOUG SHARP | DIRECTOR Trustee or director | 1 | $0 | $0 |
990 for the year ended July 31, 2024: 15 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| CHRISTOPHER CLIFTON | EXECUTIVE DI Officer | 40 | $86,376 | $19,464 |
| STEVE LEHNER | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| MARK DUNN | SECRETARY/TR Trustee or director, Officer | 1 | $0 | $0 |
| TROY ZEBROSKI | DIRECTOR Trustee or director | 1 | $0 | $0 |
| TROY VANDUSEN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| AMANDA MACK | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JOHN ALLEN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| COREY BALOUN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DUSTIN FLATTEN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DAN GARVEY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BRENT HASSLEN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JOSH HOGUE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JOHN STEINBAUER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| TIFFANY SANDERSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JIM SEURER | DIRECTOR Trustee or director | 1 | $0 | $0 |
990 for the year ended July 31, 2023: 17 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MICHELLE KAKACEK | ED THROUGH M Officer | 40 | $114,625 | $31,156 |
| CHRISTOPHER CLIFTON | EXECUTIVE DI Officer | 40 | $0 | $0 |
| STEVE LEHNER | PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| TROY ZEBROSKI | VICE PRESIDE Trustee or director, Officer | 1 | $0 | $0 |
| MARK DUNN | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| TROY VANDUSEN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| AMANDA MACK | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JOHN ALLEN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| COREY BALOUN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DUSTIN FLATTEN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DAN GARVEY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BRENT HASSLEN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JOSH HOGUE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JIM ROBY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JIM SEURER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JOHN STEINBAUER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SAM MOONEY | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 332, WATERTOWN, SD 57201-0332
- Principal officer (990 for 2024)
- CHRISTOPHER CLIFTON, PO BOX 332, WATERTOWN, SD 57201
- Signed the 990
- CHRISTOPHER CLIFTON, EXECUTIVE DIRECTOR
- Phone
- (605) 884-0340
- Website
- WWW.WATERTOWNWORKS.COM
- Return prepared by
- KETEL THORSTENSON LLP
Mission
ECONOMIC DEVELOPMENT IN THE WATERTOWN, SOUTH DAKOTA AREA.
Program accomplishments
- THE WATERTOWN DEVELOPMENT COMPANY SERVES TO IMPROVE THE OVERALL STANDARD OF LIVING IN THE COMMUNITY BY WAY OF STIMULATING ECONOMIC DEVELOPMENT BY ASSISTING NEW AND EXISTING BUSINESSES WITH CREATION OF NEW JOBS AND THE RETENTION OF EXISTING JOBS.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in July, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | July 31, 2026 | December 15, 2026 | Not due yet |
| 2024 | July 31, 2025 | December 15, 2025 | 990 on file |
| 2023 | July 31, 2024 | December 16, 2024 | 990 on file |
IRS record
- EIN
- 46-6012194
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1995
- Accounting year ends
- July
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $23,144,113
- Income (IRS master file)
- $9,538,363
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | July 2025 | $2,362,893 | $2,807,634 | $23,144,113 | XML |
| 990 | July 2024 | $3,726,959 | $4,124,210 | $30,618,359 | XML |
| 990 | July 2023 | $1,410,951 | $2,390,900 | $25,950,816 | XML |
| 990 | July 2022 | $1,539,881 | $2,299,056 | $26,777,594 | IRS |
| 990 | July 2021 | – | – | – | IRS |
| 990 | July 2019 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 46-6012194).
Questions about WATERTOWN DEVELOPMENT COMPANY
- What is the EIN of WATERTOWN DEVELOPMENT COMPANY?
- The employer identification number (EIN) of WATERTOWN DEVELOPMENT COMPANY is 46-6012194.
- Is WATERTOWN DEVELOPMENT COMPANY tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1995.
- Are donations to WATERTOWN DEVELOPMENT COMPANY tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does WATERTOWN DEVELOPMENT COMPANY file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of WATERTOWN DEVELOPMENT COMPANY due?
- The return for tax year 2025 (the year ending July 31, 2026) is due December 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did WATERTOWN DEVELOPMENT COMPANY last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended July 2025.
- Who is the principal officer of WATERTOWN DEVELOPMENT COMPANY?
- The 990 for the year ended July 31, 2025 names CHRISTOPHER CLIFTON.
- Who are the officers and directors of WATERTOWN DEVELOPMENT COMPANY?
- The 990 for the year ended July 31, 2025 lists 14 people; 1 received compensation from the organization, the highest $149,040 (CHRISTOPHER CLIFTON, EXECUTIVE DI).
- How much revenue does WATERTOWN DEVELOPMENT COMPANY have?
- On its 990 for the year ended July 31, 2025 it reported revenue of $2,362,893, expenses of $2,807,634 and total assets of $23,144,113 at year end.
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