Brandon Development Foundation Inc

Nonprofit profile at a glance

EIN
363276322
IRS 990 coverage
2009–2024
Forms available
Form 990 2024
Location
Brandon, SD, USA
Phone
6055826515
Rating confidence
Limited
Sector
Urban, Community Economic Development

Reported finances

Revenue
$219,337
Expenses
$11,928
Assets
$3,957,261
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

10 people listed

Executive titles in this filing

  • TIM JORGENSON (PRESIDENT)
  • PAUL VANDEBERG (VICE PRESIDENT)

People named in this filing

  • TIM JORGENSON (PRESIDENT)
  • PAUL VANDEBERG (VICE PRESIDENT)
  • JAY BUCHHOLZ (DIRECTOR)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The mission of the brandon development foundation (bdf) is to create and to retain jobs within the city of brandon, South Dakota. As a non-profit organization with a volunteer board of directors, bdf takes the long-view and realizes that economic development is a long-term effort.economic development brings new jobs into town which benefits the community through increased local payrolls that in turn come back to brandon in terms of retail activity, sales tax, and increased home ownership. Additionally, commercial and industrial properties generally pay proportionately more property tax and take back less in services than residential properties. The bottom line is that industrial growth is tax relief and increased development is good for the city of brandon.

What it reported doing in 2024

During the last fiscal year, one sale of land occurred in the rovang industrial park. The sale of lot 5, block 1, rovang industrial park addition occurred on february 3, 2025. The city of brandon continues to work with that buyer regarding the future development of that lot. As of the end of the fiscal year, lot 3, block 2, rovang industrial park addition was subject to a purchase agreement. We anticipate that transaction to close before the end of 2025. Assuming it occurs, that leaves the brandon development foundation with only one lot left to sell in the rovang industrial park. Until the final lot is sold, we could potentially incur some recurring minimal maintenance costs for the detention pond. It's also possible the detention pond will need further engineering depending on the needs of the eventual buyer of lot 4, block 3, rovang industrial park addition. The detention pond will eventually be transferred to the city of brandon.otherwise, the majority of our work this past year has been marketing the available properties and working with imeg and the city of brandon on the possibility of creating a future wetland mitigation bank on the east side of the city of brandon. As of the end of the fiscal year, we are still working through details with the u.s. Army corps of engineers, imeg, and adjacent property owners, but feel the project is a promising source of income until land becomes available to develop the city of brandon's next industrial park.

Operating model

Revenue model
Investment-supported. 64% of the money available for current operations came from recurring investment income.
Distribution model
Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.

The verdict

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Rating breakdown

  • Financial Efficiency: NotEnoughData
  • Transparency & Controls: 92
  • Accountability: 76
  • Sustainability: 94
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: Limited
  • Program expense ratio: Limited
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 3 of 7 controls in place; rating input score 43
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 94.6%; rating input score 99; 99th percentile among comparable filings
  • Total-asset coverage ratio: 331.76; rating input score 100; 100th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 80; 80th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 69; 69th percentile among comparable filings

Growth

  • Program expense growth: -31.8% per year; rating input score 0; 3rd percentile among comparable filings
  • Revenue growth: 8.3% per year; rating input score 100; 67th percentile among comparable filings
  • Asset growth: 4.5% per year; rating input score 100; 45th percentile among comparable filings

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Governance: 9 of 9 board members independent · 3 of 7 filing controls reported
  • Programs: 1 filed program accomplishment
  • Leadership: top reported pay $0 · 10 people listed
  • Consistency: 9 of 9 current checks pass
  • Schedules: 3 filed schedules · includes major donors
  • Filing history: 15 filing years from 2009 to 2024
  • Contacts: How to reach this organization
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Moderate — Accountability: Governance controls: 4 of 7 not reported.
  • High — Growth: Program expense growth scored 0/100.