2026-02-03T09:37:06-06:00 2025-09-30 992923038 BRADY MARTZ PLLC 7001 S LYNCREST PLACE SIOUX FALLS SD 57108 990 2024-10-01 363276322 BRANDON DEVELOPMENT FOUNDATION INC BRAN 6055826515 308 MAIN AVE PO BOX 95 BRANDON SD 57005 TIM JORGENSON PRESIDENT 6055829059 2026-01-31 1 1 TRENT R PRINS P00851377 6053611200 2026-01-30 2024 2025-03-06 01:10:19Z TIM JORGENSON 308 MAIN AVE PO BOX 95 BRANDON SD 57005 443855 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 10 0 0 48750 67992 0 0 33476 151345 0 0 82226 219337 0 0 0 0 0 0 0 0 0 37163 11928 37163 11928 45063 207409 3751147 3957261 1295 0 3749852 3957261 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 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. 0 1 0 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 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 X 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 YANNICK LAROCHE DIRECTOR 1.00 X 0 0 0 AJ DELANGE DIRECTOR 1.00 X 0 0 0 VALERIE LEMKAU 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 4300 53892 9800 67992 122346 122346 253517 224518 28999 28999 28999 219337 0 0 151345 9027 2114 MISCELLANEOUS EXPENSES 787 11928 13258 101314 1669148 1991494 2068741 1864453 3751147 3957261 1 0 1294 0 1295 0 X 3749852 3957261 3749852 3957261 3751147 3957261 207409 0 X 1 X 0 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 X PART X, LINE 2: THE FOUNDATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(6) OF THE INTERNAL REVENUE CODE. THE FOUNDATION'S POLICY IS TO EVALUATE THE LIKELIHOOD THAT UNCERTAIN TAX POSITIONS WILL PREVAIL UPON EXAMINATION BASED ON THE EXTENT TO WHICH THOSE POSITIONS HAVE SUBSTANTIAL SUPPORT WITH THE INTERNAL REVENUE CODE AND REGULATIONS, REVENUE RULINGS, COURT DECISIONS, AND OTHER EVIDENCE. 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.