Mission
ECONOMIC DEVELOPMENT IN THE WATERTOWN, SOUTH DAKOTA AREA.
Public Charity
WATERTOWN DEVELOPMENT COMPANY
WATERTOWN DEVELOPMENT COMPANY is a Public Charity headquartered in WATERTOWN, SD. Financial data from the 2025 filing: $2.4M revenue, $2.8M expenses, $23.1M total assets. 10 publicly reported grants to this organization, totaling roughly $436K, appear in IRS filings.
EIN: 466012194
WATERTOWN, SD
Latest filing: 2025
Total Revenue$2.4M
Total Expenses$2.8M
Total Assets$23.1M
Grant Records10
Funding Total$436K
Filing Years2021–2025
Where $100 goes at Watertown Development Company
How Watertown Development Company divides every $100 it spends, from its own Form 990 filings, averaged across 7 years.
$94
Programs
the work itself
$3
Management
running the organization
$3
Fundraising
raising the next dollar
Inside the $94 for programs
$94
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…
Source: Form 990 filings with the IRS, latest fiscal year 2025. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.
Sample Grants Received
GENERAL SUPPORT
$100,000
Economic Development
$10,000
SUPPORT NEW BUSINESS DEVELOPMENT
$40,000
SUPPORT NEW BUSINESS DEVELOPMENT
$80,000
SUPPORT NEW BUSINESS DEVELOPMENT
$40,000
Showing up to 5 of 10 total records — full history available with membership.
Officers & Directors
CHAIR
Alan Stager
DIRECTOR
Andre Keller
EXECUTIVE DI
Christopher Clifton
DIRECTOR
Corey Baloun
DIRECTOR
Dan Garvey
DIRECTOR
Doug Sharp
Officer compensation and complete director data available with membership.
Top Grant Purposes
Financial Trends
| Year | Revenue | Expenses | Assets |
|---|---|---|---|
| 2025 | $2.4M | $2.8M | $23.1M |
| 2024 | $3.7M | $4.1M | $30.6M |
| 2023 | $1.4M | $2.4M | $26.0M |
| 2022 | $1.5M | $2.3M | $26.8M |
| 2021 | $2.1M | $2.5M | $26.3M |
Between 2021 and 2025, reported annual revenue grew from $2.1M to $2.4M (+14%), with total assets most recently reported at $23.1M.
Interactive year-over-year charts and full filing details available with membership.