2025-02-28T09:53:00-06:00 2024-09-30 450310328 BRADY MARTZ & ASSOCIATES PC 7001 S LYNCREST PLACE SIOUX FALLS SD 57108 990 2023-10-01 363276322 BRANDON DEVELOPMENT FOUNDATION INC BRAN 6055826515 308 MAIN AVE PO BOX 95 BRANDON SD 57005 TIM JORGENSON CHAIRMAN 6055829059 2025-02-28 1 0 TRENT R PRINS P00851377 6053611200 2025-02-28 2023 2025-03-06 01:10:19Z TIM JORGENSON 308 MAIN AVE PO BOX 95 BRANDON SD 57005 82226 0 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. 9 9 0 11 0 0 11500 48750 0 0 47164 33476 945205 0 1003869 82226 0 0 0 0 0 0 0 0 0 82179 37163 82179 37163 921690 45063 3898976 3751147 194187 1295 3704789 3749852 X 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. 0 0 IN THE PAST YEAR, NO SALES OF LAND OCCURRED IN THE ROVANG INDUSTRIAL PARK; HOWEVER, 0.21 ACRES OF LAND, BEING BLOCK 3 LOT 3, WAS TRANSFERRED TO EBC HOLDINGS LLC AT NO COST TO FACILITATE THE CONSTRUCTION OF ENGINEERED TRUSS SYSTEMS INC. ON BLOCK 3 LOTS 1 AND 2. IT IS ANTICIPATED THAT WHEN FULLY OPERATIONAL, ENGINEERED TRUSS SYSTEMS INC. WILL PROVIDE BETWEEN 50 AND 100 LOCAL JOBS.OTHERWISE, THE MAJORITY OF OUR WORK THIS PAST YEAR HAS BEEN MARKETING THE AVAILABLE PROPERTIES AND WORKING WITH SAYRE ASSOCIATES, SOUKUP CONSTRUCTION, AND VARIOUS CONTRACTORS TO COMPLETE THE HONEYSUCKLE STREET EXTENSION PROJECT. AS OF THE END OF SEPTEMBER 2024, TWO OF THE REMAINING THREE UNSOLD LOTS WERE SUBJECT TO PURCHASE AGREEMENTS. WE ANTICIPATE ONE WILL CLOSE WITHOUT ISSUE AND THE STATUS OF THE OTHER IS UNKNOWN. UNTIL THE FINAL LOT IS SOLD, WE WILL LIKELY INCUR SOME RECURRING MAINTENANCE COSTS FOR THE DETENTION POND. THE DETENTION POND WILL EVENTUALLY BE TRANSFERRED TO THE CITY OF BRANDON. 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 X 9 9 0 0 0 0 0 1 0 1 1 0 0 1 0 0 0 0 0 0 X PATRICK ANDREWS 6055829059 308 MAIN AVENUE BRANDON SD 57005 TIM JORGENSON PRESIDENT 3.00 X X 0 0 0 PAUL VANDEBERG VICE PRESIDENT 2.00 X X 0 0 0 JAY BUCHHOLZ DIRECTOR 1.00 X 0 0 0 KEVIN ERICKSON DIRECTOR 1.00 X 0 0 0 ANTHONY SIEMONSMA DIRECTOR 1.00 X 0 0 0 STEVE KOLBECK DIRECTOR 1.00 X 0 0 0 JASON LONG UNTIL 12324 DIRECTOR 1.00 X 0 0 0 YANNICK LAROCHE DIRECTOR 1.00 X 0 0 0 AJ DELANGE DIRECTOR 1.00 X 0 0 0 VALERIE LEMKAU START 1-23-24 DIRECTOR 1.00 X 0 0 0 PATRICK ANDREWS SECRETARY / TREASURER 4.00 X 0 0 0 0 0 0 0 0 0 0 0 26050 10200 12500 48750 31476 31476 2000 0 2000 2000 2000 82226 2000 0 31476 25000 8013 2105 2035 MISCELLANEOUS EXPENSES 10 37163 36507 13258 1812672 1669148 2049797 2068741 3898976 3751147 82494 1 111693 1294 194187 1295 X 3704789 3749852 3704789 3749852 3898976 3751147 45063 0 X 1 X 0 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 COST TO COMPLETE ROVANG 1294 1294 FORM 990, PART VI, SECTION A, 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, PART VI, SECTION B, 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, PART VI, SECTION C, LINE 19 DOCUMENTS AVAILABLE UPON REQUEST.