Mission
PROVIDE ASSISTANCE AND CONSULTATION TO LOAN APPLICANTS
Public Charity
FIRST DISTRICT DEVELOPMENT COMPANY
FIRST DISTRICT DEVELOPMENT COMPANY is a private foundation categorized as Public Charity based in WATERTOWN, SD. Its most recent IRS filing (2025) reports revenue of $82K, expenses of $3.2M. Imperigo tracks 1 reported grants from this foundation totaling approximately $2.5M.
EIN: 460374958
WATERTOWN, SD
Latest filing: 2025
Total Revenue$82K
Total Expenses$3.2M
Grants Given1
Grant Total$2.5M
Filing Years2021–2025
Where $100 goes at First District Development Company
How First District Development Company divides every $100 it spends, from its own Form 990 filings, averaged across 9 years.
$100
Programs
the work itself
<$1
Management
running the organization
$0
Fundraising
none reported
No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.
Inside the $100 for programs
$98
Contribution of all assets to ally dakota development, inc
$2
Small business administration 503/504 program
<$1
Revolving loan fund program
Plus 1 more program. Cost per person served and the full program breakdown are on the full profile.
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 Given
$2,506,561
Showing up to 5 of 1 total records — full history available with membership.
Officers & Directors
EXECUTIVE VP
Amy Waite
PRESIDENT
Ben Hanson
VICE PRESIDE
Bobbie Bohlen
TREASURER
Earl Popham
DIRECTOR
Jennifer Quail
DIRECTOR
Kimberly Banks
Officer compensation and complete director data available with membership.
Top Grant Purposes
Financial Trends
| Year | Revenue | Expenses | Assets |
|---|---|---|---|
| 2025 | $82K | $3.2M | — |
| 2024 | $591K | $339K | $3.6M |
| 2023 | $422K | $359K | $3.4M |
| 2022 | $431K | $392K | $3.3M |
| 2021 | $495K | $357K | $3.4M |
Between 2021 and 2025, reported annual revenue declined from $495K to $82K (-84%).
Interactive year-over-year charts and full filing details available with membership.
Grant Geography
Grants from this foundation were reported to recipients in SD.
SD
Full geographic grant map with state-by-state breakdown available with membership.