EIN 46-6012194

Watertown Development Company

IRS 501(c) type
501(c)(6)
Num. employees
5
City
Watertown
Year formed
1947
Most recent tax filings
2022-07-01
Description
Watertown, South Dakota, is one of the most progressive communities in a state defined by business-friendly governments and hardworking citizens. If your business is ready to relocate or expand, Watertown is ready for you. Whether you seek a shovel-ready site or Class A office space, our experts are able to assist you in every step from first visit to grand opening. Over the last three years, the city of Watertown has invested $43.6 million in infrastructure improvements and enhancements to public facilities to prepare for our growth. We’re ready to welcome you to Watertown.
Total revenues
$1,539,881
2022
Total expenses
$2,299,056
2022
Total assets
$26,777,594
2022
Num. employees
5
2022

Program areas at Watertown Development Company

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.

Who funds Watertown Development Company

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Prairie Lakes Healthcare SystemSupport New Business Development$80,000
Watertown Area Community FoundationCommunity Improvements$75,540

Personnel at Watertown Development Company

NameTitleCompensation
Michelle KakacekExecutive Director
Traci SteinDirector of Marketing and Public Relations
Molly HeatonDirector of Business Development
Chris SchilkenPast Past Executive Director$127,918
Troy ZebroskiMarket President, Dacotah Bank$0
...and 5 more key personnel

Financials for Watertown Development Company

RevenuesFYE 07/2022
Total grants, contributions, etc.$184,901
Program services$1,074,660
Investment income and dividends$280,320
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$1,539,881

Form 990s for Watertown Development Company

Fiscal year endingDate received by IRSFormPDF link
2019-072020-01-29990View PDF
2018-072018-12-22990View PDF
2017-072017-12-21990OView PDF
2016-072017-01-24990OView PDF
2015-072015-10-14990OView PDF
...and 5 more Form 990s
Data update history
May 31, 2023
Updated personnel
Identified 7 new personnel
May 25, 2023
Updated personnel
Identified 14 new personnel
May 13, 2023
Received grants
Identified 1 new grant, including a grant for $40,000 from Prairie Lakes Healthcare System
April 5, 2022
Received grants
Identified 1 new grant, including a grant for $20,560 from Watertown Area Community Foundation
June 19, 2021
Received grants
Identified 1 new grant, including a grant for $40,000 from Prairie Lakes Healthcare System
Nonprofit Types
Public sector nonprofitsBusiness and community development organizations
Issues
Community improvementEconomic development
Characteristics
State / local levelReceives government funding
General information
Address
PO Box 332
Watertown, SD 57201
County
Codington County, SD
Website URL
watertowndevelopmentco.com/ 
Phone
(605) 884-0340
Twitter profile
@watertownworks 
IRS details
EIN
46-6012194
Fiscal year end
July
Taxreturn type
Form 990
Year formed
1947
Eligible to receive tax-deductible contributions (Pub 78)
No
Categorization
NTEE code, primary
S31: Urban, Community Economic Development
NAICS code, primary
926110: Economic Development Corporations and Economic Program Organizations
Parent/child status
Independent
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