2026-08-31T07:52:15-05:00 2025-12-31 411334380 MILLER WELLE HEISER & CO LTD 4170 THIELMAN LANE PO BOX 159 ST CLOUD MN 563020159 990 2025-01-01 452050341 GREATER ST CLOUD DEVELOPMENT CORPORATION GREA 3202590300 113 5TH AVE S ST CLOUD MN 56301 MIKE BLAIR TREASURER 3202590300 2026-07-27 1 JEFFREY J GANNON CPA P01246208 3202539505 2026-07-27 2025 X MIKE BLAIR 113 5TH AVE S ST CLOUD MN 56301 1243020 0 X WWW.GREATERSTCLOUD.COM X 2011 MN TO LEAD INCLUSIVE & EQUITABLE ECONOMIC DEVELOPMENT FOR THE BENEFIT OF THE GREATER ST CLOUD COMMUNITY 24 24 7 160 0 0 1016326 1068841 42838 117711 11997 19533 30836 36935 1101997 1243020 0 0 0 0 521424 550523 0 0 26379 617451 840414 1138875 1390937 -36878 -147917 1190369 1839725 313248 1110521 877121 729204 SEE PAGE 1, PART 1 0 0 562944 77323 COMMUNITY DEVELOPMENT - IN ORDER TO ATTRACT, RETAIN, AND EXPANED BUSINESSES WITHIN THE REGION, THE GSDC PROVIDES TALENT RESOURCING, COMMUNITY DEVELOPMENT, REGIONAL PROMOTION, AND QUALITY OF LIFE ENHANCEMENTS, WHICH INCLUDE SUPPORTING CHILDCARE, HOUSING, TRANSPORTATION, AND DOWNTOWN REVITALIZATION EFFORTS. 506650 69591 BUSINESS RETENTION AND EXPANSION - THE GSDC CONTINUES TO TAKE A LEADERSHIP ROLE IN PARTNERING WITH LOCAL CITIES, COUNTIES AND CHAMBERS OF COMMERCE TO DEPLOY STANDARDIZED, REGIONAL PROCESSES FOR BUSINESS RETENTION AND EXPANSION. THE GSDC HAS DEVELOPED THESE STREAMLINED PROCESSES BASED ON BEST PRACTICES, STANDARD TOOLS AND TECHNOLOGY. IN 2024, THE GSDC CONDUCTED OVER 100 VISITS WITH EXISTING PRIMARY SECTOR BUSINESSES. 56294 7732 BUSINESS ATTRACTION & STARTUP - BUSINESS ATTRACTION & STARTUP - GSDC TAKES A LEADERSHIP POSITION IN PARTNERING WITH LOCAL CITIES, COUNTIES AND THE STATE OF MN TO DEPLOY COLLABORATIVE REGIONAL PROCESSES AND RESPONSES TO BUSINESS ATTRACTION. IN 2024, GSDC PROVIDED TECHNICAL ASSISTANCE ON 16 UNIQUE ATTRACTION AND EXPANSION PROJECTS, AND LAUNCHED THRIVE MN, A GROWTH STRATEGY PROGRAM TO BETTER SERVE SMALL BUSINESSES, WHICH SUPPORTED OVER 50 BUSINESSES. 1125888 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 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 1 36 0 1 7 1 0 0 0 0 0 0 0 0 0 0 0 0 X 24 24 1 0 0 0 1 1 1 1 1 0 0 1 0 0 0 0 0 0 MN X THE ORGANIZATION 3202590300 113 5TH AVE S ST CLOUD MN 56301 MIKE BLAIR TREASURER 3.00 X X 0 0 0 HEATHER PIEPER OLSON AT-LARGE DIRECTOR 2.00 X 0 0 0 LARRY DIETZ AT-LARGE DIRECTOR 2.00 X 0 0 0 MICHAEL FABER AT-LARGE DIRECTOR 2.00 X 0 0 0 DR KENNETH HOLMEN AT-LARGE DIRECTOR 2.00 X 0 0 0 JOHN TORGERSON AT-LARGE DIRECTOR 2.00 X 0 0 0 RON BRANDENBURG SECRETARY 3.00 X X 0 0 0 JEFF GAU AT-LARGE DIRECTOR 2.00 X 0 0 0 MIKE MARKMAN AT-LARGE DIRECTOR 2.00 X 0 0 0 JOAN SCHATZ CHAIR 10.00 X X 0 0 0 RYAN CROSS AT-LARGE DIRECTOR 2.00 X 0 0 0 PAT EDEBURN AT-LARGE DIRECTOR 2.00 X 0 0 0 STEFANIE BROWN VICE CHAIR 3.00 X X 0 0 0 LORI KLOOS AT-LARGE DIRECTOR 2.00 X 0 0 0 MIKE GOHMAN AT-LARGE DIRECTOR 2.00 X 0 0 0 BRIAN BRUESS AT-LARGE DIRECTOR 2.00 X 0 0 0 BRAD BERGSTROM AT-LARGE DIRECTOR 2.00 X 0 0 0 BUDDY KING AT-LARGE DIRECTOR 2.00 X 0 0 0 STEVE WINDFELDT AT-LARGE DIRECTOR 2.00 X 0 0 0 NETIA BAUMAN PRESIDENT 50.00 X X 176400 0 5292 AYAN OMAR AT-LARGE DIRECTOR 2.00 X 0 0 0 CLARE RICHARDS AT-LARGE DIRECTOR 2.00 X 0 0 0 GRETA STARK-KRAKER AT-LARGE DIRECTOR 2.00 X 0 0 0 PAUL RADEKE AT-LARGE DIRECTOR 2.00 X 0 0 0 MARY SWIGLE AT-LARGE DIRECTOR 2.00 X 0 0 0 GAIL CRUIKSHANK TALENT & COMMUNITY IMPACT DIRECTOR 40.00 X 100672 0 3020 277072 0 8312 2 0 1 0 0 227379 841462 5151 1068841 SPONSORSHIPS 900099 110321 110321 PROGRAM FEES 900001 7390 7390 117711 19533 19533 RENT CREDITS 900099 36381 36381 RETAIL SALES 900099 554 554 36935 1243020 154646 0 19533 X 176400 132300 35280 8820 310472 227277 68015 15180 17323 12992 4331 46328 34746 9266 2316 71870 57496 14374 200442 160354 40088 169963 164864 5099 11656 11361 295 205442 174626 30816 6631 1989 4642 71741 67714 4027 16270 13016 3254 1213 863 287 63 EQUIPMENT RENTAL 61101 51936 9165 DUES AND SUBSCRIPTIONS 24085 14354 9731 1390937 1125888 238670 26379 130235 91070 799675 923513 44966 45433 25750 101005 40765 44321 222834 181991 57113 40843 91865 593540 1190369 1839725 51080 85792 45000 102379 217168 922350 313248 1110521 X 832155 729204 44966 0 877121 729204 1190369 1839725 -147917 0 X 0 1 X 1 0 X 871475 1195904 1030185 1016326 1068841 5182731 871475 1195904 1030185 1016326 1068841 5182731 848428 4334303 2643 3033 6118 11997 19533 43324 31867 129001 27093 30836 28635 247432 5473487 0.79190 0.89120 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 179051 138208 40843 43783 43783 0 0 40843 RIGHT OF USE ASSET 1219656 ACCUMULATED AMORTIZATION - ROU ASSET -626116 593540 AGENCY PAYABLE 258802 LEASE LIABILITY 663548 922350 X 1291394 48374 48374 1243020 0 1243020 1439311 48374 48374 1390937 0 1390937 PART X, LINE 2: THE ORGNAZATION IS SUBJECT TO THE ACCOUNTING STANDARD ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, WHICH ADDRESSES THE DETERMINATION OF WHETHER TAX BENEFITS CLAIMED OR EXPECTED TO BE CLAIMED ON A TAX RETURN SHOULD BE RECORDED IN THE FINANCIAL STATEMENTS. UNDER THIS GUIDANCE, THE ORGANIZATION MAY RECOGNIZE THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE-LIKELY-THAN-NOT THAT THE TAX POSITION WILL BE SUSTAINED ON THE EXAMINATION BY TAXING AUTHORITIES, BASED ON THE TECHNICAL MERITS OF THE POSITION. THE TAX BENEFITS RECOGNIZED IN THE FINANCIAL STATEMENTS FROM SUCH A POSITIONARE MEASURED BASED ON THE LARGEST BENEFIT THAT HAS THE GREATER THAN 50% LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT. THE GUIDANCE ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES ALSO ADDRESSES DE-RECOGNITION, CLASSISFICATION, INTEREST AND PENALTIES ON INCOME TAXES, AND ACCOUNTING IN INTERIM PERIODS. THE ORGANIZATION IS OPEN AND SUBJECT TO EXAMINATION GENERALLY FOR THREE YEARS AFTER THE FILING DATE. MANAGEMENT EVALUATED THE TAX POSITIONS FOR THE ORGANIZATION AND CONCLUDED THAT THE ORGANIZATION HAD TAKEN NO UNCERTAIN INCOME TAX POSITIONS THAT REQUIRE ADJUSTMENTS TO THE FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS OF THIS GUIDANCE. PART XI, LINE 2D - OTHER ADJUSTMENTS: CREDIT LOSSES PART XII, LINE 2D - OTHER ADJUSTMENTS: CREDIT LOSSES PART V, LINE 4 FUNDS ARE DONATED TO A SPECIFIC PROGRAM BY EACH DONOR, THE ORGANIZATION USES THE FUNDS AS INTENDED FOR PROGRAM EXPENSES. X 0 0 0 0 0 0 0 0 0 NETIA BAUMAN PRESIDENT 176400 0 0 0 0 0 5292 0 0 0 181692 0 0 0 FORM 990, PART VI, SECTION A, LINE 2 IN FOUNDING THE CORPORATION, SIXTY-FOUR ORGANIZATIONS WITHIN THE COMMUNITY MADE A DECISION TO INVEST TIME, MONEY, AND TALENT TO HELP MAKE GREATER ST CLOUD A GROWING AND VIBRANT COMMUNITY WHERE TALENTED PEOPLE CHOOSE TO LIVE, WORK, AND ENGAGE. THE INVESTOR MEMBER COUNT HAS SINCE GROWN TO NEARLY 170. THE BOARD OF DIRECTORS GOVERNING THE MEMBER INVESTOR ORGANIZATION TOTALS 24. SOME OF THESE DIRECTORS SERVE AS DIRECTORS TOGETHER FOR OTHER COMMUNITY-FOCUSED NON-PROFITS, SUCH AS THE UNITED WAY, THE YMCA, THE BOY SCOUTS, AND MANY OTHER NON-PROFIT ORGANIZATIONS. ADDITIONALLY, MANY OF THESE DIRECTORS DO HAVE BUSINESS RELATIONSHIPS OUTSIDE THE GREATER ST CLOUD DEVELOPMENT. THEY HAVE AND DO INVEST IN BUSINESSES TOGETHER, SERVE ON BOARDS OF FOR-PROFIT COMPANIES TOGETHER, OR MAINTAIN OTHER BUSINESS RELATIONSHIPS THAT SPAN AREAS, SUCH AS LEGAL, ACCOUNTING, BANKING, UTILITIES, AND BUILDING AND CONSTRUCTION. THE RELATIONSHIPS ARE OF AN ORDINARY BUSINESS AND PROFESSIONAL NATURE. FORM 990, PART VI, SECTION A, LINE 6 THE MEMBERS OF THE ORGANIZATION ARE THE BOARD OF ADVISORS. FORM 990, PART VI, SECTION A, LINE 7A THE BOARD OF DIRECTORS ELECTS MEMBERS TO THE BOARD AS SPECIFIED IN THE BYLAWS OF THE CORPORATION. FORM 990, PART VI, SECTION A, LINE 7B ANY CHANGE IN THE BYLAWS ARE SUBJECT TO APPROVAL BY THE MEMBERS. FORM 990, PART VI, SECTION B, LINE 11B THE 990 IS REVIEWED AND APPROVED BY THE TREASURER AND OTHER BOARD MEMBERS BEOFRE IT IS FILED WITH THE IRS. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G CONSULTING MARKETING FEES: PROGRAM SERVICE EXPENSES 160,354. MANAGEMENT AND GENERAL EXPENSES 40,088. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 200,442.