Minnesota · Nonprofit
GREATER ST CLOUD DEVELOPMENT CORPORATION
GREATER ST CLOUD DEVELOPMENT CORPORATION (Minnesota) receives grants from 18 organizations whose IRS filings report $1,025,925 to it, the largest being INITIATIVE FOUNDATION ($319,000). 14 of them have funded it in more than one year, and 57% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.
- Revenue FY2025
- $1.2M
- Funders on record
- 18
- Grants received
- $1.0M
- Net assets
- $729k
What Greater St Cloud Development Corporation does
Mission
To lead inclusive & equitable economic development for the benefit of the greater st cloud community
As stated on its FY2025 Form 990.
Programs
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.
$562,944 spent$77,323 earned by the program50% of program spendingBusiness 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.
$506,650 spent$69,591 earned by the program45% of program spendingBusiness 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.
$56,294 spent$7,732 earned by the program5% of program spending
The 3 programs described on its FY2025 Form 990, listed largest first by expense. Program spending in total: $1,125,888.
The organization over time
Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2024 to 2025, from $1.2M to $1.8M (+55%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
Government-grant reliance: 2020 8% · 2024 15% · 2025 18%. Grants only. Government contracts and fees sit inside program revenue.
86% of GREATER ST CLOUD DEVELOPMENT CORPORATION’s revenue is contributions — more donation-reliant than the typical peer (60% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 5 of the last 9 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Board chair
Joan Schatz
Chair
As listed on its FY2025 Form 990.
Who funds it, year by year
2017 → 2023: the base narrowed from 6 funders to 5 funders, grant income rose $70k → $124k.
4 of 18 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 57% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.
From the IRS filings of GREATER ST CLOUD DEVELOPMENT CORPORATION’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
GREATER ST CLOUD DEVELOPMENT CORPORATION has a broad base — no single funder exceeds 31% of grant income, and it takes 3 funders to reach half.
the vertical line marks half of all grant income — 3 funders to its left
71% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund GREATER ST CLOUD DEVELOPMENT CORPORATION.
Largest funder’s share by year: 2017 54% · 2018 79% · 2019 32% · 2020 49% · 2021 44% · 2022 69% · 2023 56% — growing more concentrated.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How long its funders stay
25% of GREATER ST CLOUD DEVELOPMENT CORPORATION's funders are still giving 3 years after their first grant; 78% give in more than one year at all.
Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.
Where its funders are
57% of GREATER ST CLOUD DEVELOPMENT CORPORATION's grant income arrives through donor-advised or pass-through sponsors, whose addresses record where the money is held rather than where the donor is. Of the $440k that is directly attributable, 60% of it comes from Minnesota funders.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. $586k arriving through sponsors registered in 2 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
GREATER ST CLOUD DEVELOPMENT CORPORATION is better cushioned than half of the 2,299 community improvement nonprofits its size.
this organization peer median middle 50% of peers· 2,299 community improvement nonprofits $1M–$10M, FY2025
Organizations like GREATER ST CLOUD DEVELOPMENT CORPORATION
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In Minnesota
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
81% of spending goes to programs.
Governance
Public support
79%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Footprint & structure
Files a return copy in 1 state
Screen this organization
A dated, signed PDF of the compliance screen for GREATER ST CLOUD DEVELOPMENT CORPORATION: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds GREATER ST CLOUD DEVELOPMENT CORPORATION?
- GREATER ST CLOUD DEVELOPMENT CORPORATION (Minnesota) receives grants from 18 organizations whose IRS filings report $1,025,925 to it, the largest being INITIATIVE FOUNDATION ($319,000). 14 of them have funded it in more than one year, and 57% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.
- How many funders does GREATER ST CLOUD DEVELOPMENT CORPORATION have?
- IRS filings report 18 organizations giving $1,025,925 in grants to GREATER ST CLOUD DEVELOPMENT CORPORATION, 14 of which have funded it in more than one year.
- Who is the largest funder of GREATER ST CLOUD DEVELOPMENT CORPORATION?
- INITIATIVE FOUNDATION is the largest funder on record, with $319,000 in grants. The full list of funders is on this page.
- How can an organization like GREATER ST CLOUD DEVELOPMENT CORPORATION find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in Minnesota. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
Play a game about who funds Greater St Cloud Development →
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2017–2025), and the filings of 18 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 22, 2026. What this page cannot tell you · view filing