2024-04-29T12:02:48-04:00 2023-09-30 450310328 BRADY MARTZ & ASSOCIATES PC 7001 S LYNCREST PLACE SUITE 200 SIOUX FALLS SD 571082599 990 2022-10-01 363276322 BRANDON DEVELOPMENT FOUNDATION INC BRAN 6055829059 308 MAIN AVE PO BOX 95 BRANDON SD 57005 TIM JORGENSON CHAIRMAN 6055826515 2024-04-24 true TIM JORGENSON 999009999 true TRENT R PRINS P00851377 6053611200 2024-04-24 2022 2023-04-26 12:10:37Z TIM JORGENSON 308 MAIN AVE PO BOX 95 BRANDON SD 57005 4262385 false X N/A X THE MISSION OF THE BRANDON DEVELOPMENT FOUNDATION (BDF) IS TO CREATE AND TO RETAIN JOBS WITHIN THE COMMUNITY. 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 PAY PROPORTIONATELY MORE PROPERTY TAX AND TAKE BACK LESS IN SERVICES THAN RESIDENTIAL OWNERS. THE BOTTOM LINE IS THAT INDUSTRIAL GROWTH IS TAX RELIEF AND ECONOMIC DEVELOPMENT IS GOOD FOR THE CITY OF BRANDON. 9 9 0 11 0 98380 11500 0 106 47164 -105677 945205 -7191 1003869 0 0 0 0 0 73788 82179 73788 82179 -80979 921690 4621148 3898976 1838049 194187 2783099 3704789 X THE MISSION OF THE BRANDON DEVELOPMENT FOUNDATION (BDF) IS TO CREATE AND TO RETAIN JOBS WITHIN THE COMMUNITY. 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 PAY PROPORTIONATELY MORE PROPERTY TAX AND TAKE BACK LESS IN SERVICES THAN RESIDENTIAL OWNERS. THE BOTTOM LINE IS THAT INDUSTRIAL GROWTH IS TAX RELIEF AND ECONOMIC DEVELOPMENT IS GOOD FOR THE CITY OF BRANDON. false false SALES IN THE ROVANG INDUSTRIAL PARK IN THE PAST YEAR INCLUDED SIX LOTS OF A TOTAL OF 28.806 ACRES OF BARE LAND. THE MAJORITY OF OUR WORK THIS PAST YEAR HAS BEEN WORKING WITH SAYRE ASSOCIATES, SOUKUP CONSTRUCTION, AND VARIOUS CONTRACTORS TO COMPLETE THE REMAINING INFRASTRUCTURE IMPROVEMENTS IN THE ROVANG INDUSTRIAL PARK (PHASE 2). WHILE ALL CONSTRUCTION HAS BEEN COMPLETED, WE HAVE NOT YET RECEIVED THE FINAL BILL ASSOCIATED WITH THE HONEYSUCKLE STREET EXTENSION PROJECT. WE WILL ALSO LIKELY INCUR SOME RECURRING MAINTENANCE COSTS FOR THE DETENTION POND. THIS EXPENSE WILL EXIST UNTIL SUCH A TIME AS OUR REMAINING THREE LOTS ARE SOLD, AND THE DETENTION POND IS TRANSFERRED TO THE CITY OF BRANDON. false false false false false false false false false false false false false true false false false false false false false false false false false false false false false false false false false false false false false false false false false false false true 0 0 0 false false false false false false false false false false false false X 9 9 false false false false false true false true true false false true false false false false false false X PATRICK ANDREWS 6055829059 308 MAIN AVENUE BRANDON SD 57005 X TIM JORGENSON CHAIRMAN 0.75 X X 0 0 0 CHUCK PARSONS CHAIRMAN-END 0.75 X X 0 0 0 PAUL VANDEBERG VICE CHAIRMA 0.25 X X 0 0 0 JAY BUCHHOLZ DIRECTOR 0.25 X 0 0 0 KEVIN ERICKSON DIRECTOR 0.25 X 0 0 0 ANTHONY SIEMONSMA DIRECTOR 0.25 X 0 0 0 STEVE KOLBECK DIRECTOR 0.25 X 0 0 0 JASON LONG DIRECTOR 0.25 X 0 0 0 YANNICK LAROCHE DIRECTOR 0.25 X 0 0 0 AJ DELANGE DIRECTOR 0.25 X 0 0 0 PATRICK ANDREWS SECRETARY/TR 1.25 X 0 0 0 false false false 6500 5000 11500 47164 47164 1325 1325 1325 1325 4202396 3258516 943880 943880 1003869 943880 48489 7048 6923 836 30033 1920 CITY PARK FEE 28270 MISCELLANEOUS EXPENSES 7149 82179 0 0 0 27739 36507 99442 1812672 4483967 2049797 10000 4621148 3898976 82494 1738049 100000 111693 1838049 194187 X 2783099 3704789 2783099 3704789 4621148 3898976 921690 X true X false true false COST TO COMPLETE ROVANG 111693 111693 FORM 990 - ORGANIZATION'S MISSION THE MISSION OF THE BRANDON DEVELOPMENT FOUNDATION (BDF) IS TO CREATE AND TO RETAIN JOBS WITHIN THE COMMUNITY. 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 PAY PROPORTIONATELY MORE PROPERTY TAX AND TAKE BACK LESS IN SERVICES THAN RESIDENTIAL OWNERS. THE BOTTOM LINE IS THAT INDUSTRIAL GROWTH IS TAX RELIEF AND ECONOMIC DEVELOPMENT IS GOOD FOR THE CITY OF BRANDON. FORM 990, PAGE 6, PART VI, LINE 7A THE CORPORATION SHALL HAVE ONE CLASS OF MEMBERS. A PERSON, FIRM OR CORPORATION MAY BE ELECTED A MEMBER UPON BEING PROPOSED FOR MEMBERSHIP BY A MEMBER, BY A WRITTEN APPLICATION TO THE BOARD OF DIRECTORS OF THE CORPORATION AND UPON RECEIVING A MAJORITY VOTE IN FAVOR OR SUCH MEMBERSHIP AT A MEETING OF THE BOARD OF DIRECTORS OR OF THE CORPORATION'S EXECUTIVE COMMITTEE. THE MEMBERS OF THE CORPORATION SHALL CONSIST OF THOSE PERSONS, FIRMS OR CORPORATIONS WHO HAVE BEEN APPROVED AS MEMBERS AND WHO HAVE PAID THEIR ANNUAL DUES TO THE CORPORATION IN SUCH AMOUNTS AS MAY BE FIXED, FROM TIME TO TIME, BY THE CORPORATION'S BOARD OF DIRECTORS. EACH MEMBER SHALL BE ENTITLED TO ONE VOTE AT MEMBERSHIP MEETINGS. THE MEMBERSHIP RIGHTS OF A FIRM OR CORPORATION MAY BE EXERCISED BY A DULY AUTHORIZED MEMBER, PARTNER, OFFICER, OR BY AN ATTORNEY-IN-FACT. FORM 990, PAGE 6, PART VI, LINE 11B OFFICERS REVIEW THE RETURN IN DETAIL. A COPY OF THE RETURN IS PROVIDED TO EACH MEMBER OF THE BOARD OF DIRECTORS. THE PREPARER IS AVAILABLE FOR QUESTIONS OR COMMENTS. FORM 990, PAGE 6, PART VI, LINE 19 DOCUMENTS AVAILABLE UPON REQUEST.