Watertown Development Company
Economic development in the watertown, South Dakota area.
Watertown Development Company at a glance
In short: Watertown Development Company gave $28K across 3 grants in 2025 (avg $9K), mostly in South Dakota. Source: 2025 IRS Form 990.
- Annual giving (2025)
- $28,375
- -77.8% vs 2024
- Grants made (2025)
- 3
- +0.0% vs 2024
- Average grant
- $9,458
- -77.8% vs 2024
- Median grant
- $6,000
- Total assets
- $23,144,113
- -24.4% vs 2024
- Primary geography
- South Dakota (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990, 2025 View filing
Data from IRS Form 990, 2025; updated September 2026.
Who Watertown Development Company funds
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2025
The largest 2025 recipient was Wurth Electric Midcom Inc ($6K). Together the top 2 received $12K.
Organizations only. It also paid 1 individual scholarship ($16,875), which are not listed by name.
Grant Size Distribution
7 grants across all recorded years
The most common grant size was under $50K: 6 grants of 7 (86%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 3 itemized grants.
States
Cities
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2023 to 2025, annual grant giving ranged from $28K (2025) to $128K (2024). In 2025 it made 3 grants totaling $28K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| 1 individual scholarship Recipients not named | — | $16,875 |
| Wurth Electric Midcom Inc Watertown, SD | Workforce Campaign | $6,000 |
| Terex Watertown, SD | Workforce Campaign | $5,500 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2025 | $23,144,113 | $2,362,893 | $2,807,634 | $28,375 | 3 | $508,799 |
| 2024 | $30,618,359 | $3,726,959 | $4,124,210 | $127,625 | 3 | $44,313 |
| 2023 | $25,950,816 | $1,410,951 | $2,390,900 | $49,500 | 1 | $145,283 |
| 2022 | $26,777,594 | $1,539,881 | $2,299,056 | — | — | $280,320 |
| 2021 | $26,333,482 | $2,078,248 | $2,500,299 | — | — | $93,625 |
About Watertown Development Company
Based on IRS filings
Watertown Development Company is a public charity, based in Watertown, SD. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $23.1M in total assets. In 2025, it awarded 3 grants totaling $28K. Net investment income was $509K.
Leadership & Key People
Officers and directors from IRS filings
Watertown Development Company is led by Alan Stager, Chair on the 2025 filing; 1 of 14 officers listed in 2025 is compensated.
Officers on the 2025 filing
Alan Stager
Chair
New on the 2025 filing
1 hr/week
No compensation reported
Corey Baloun
Director
Board Member → Director, 2023
On filings since 2021
1 hr/week
No compensation reported
Dan Garvey
Director
Board Member → Director, 2023
On filings since 2021
1 hr/week
No compensation reported
Dustin Flatten
Director
Board Member → Director, 2023
On filings since 2021
1 hr/week
No compensation reported
Josh Hogue
Director
Board Member → Director, 2023
On filings since 2021
1 hr/week
No compensation reported
Steve Lehner
Director
President → Chair, 2024
Chair → Director, 2025
On filings since 2021
1 hr/week
No compensation reported
Troy Vandusen
Director
Board Member → Director, 2023
On filings since 2021
1 hr/week
No compensation reported
Troy Zebroski
Director
Vice Chairman → Vice President, 2023
Vice President → Director, 2024
On filings since 2021
1 hr/week
No compensation reported
John Allen
Director
On filings since 2023
1 hr/week
No compensation reported
Tiffany Sanderson
Director
On filings since 2024
1 hr/week
No compensation reported
Andre Keller
Director
New on the 2025 filing
1 hr/week
No compensation reported
Doug Sharp
Director
New on the 2025 filing
1 hr/week
No compensation reported
Christopher Clifton
Executive Di
On filings since 2023
40 hrs/week
$86K (2024) → $149K (2025)
Mark Dunn
Secretary
Board Member → Secretary, 2023
On filings since 2021
1 hr/week
No compensation reported
Former officers (15)
- Former: Amanda Mack (2021–2024) — Director
- Former: Brent Hasslen (2021–2024) — Director
- Former: Jim Seurer (2021–2024) — Director
- Former: John Steinbauer (2023–2024) — Director
- Former: Michelle Kakacek (2022–2023) — Executive Director
- Former: Sam Mooney (2022–2023) — Director
- Former: Jim Roby (2023) — Director
- Former: James Roby (2021–2022) — Board Member
- Former: Jim Redlinger (2021–2022) — Chairman
- Former: Mark Vaux (2021–2022) — Past Executive Di
- Former: Michael Cartney (2021–2022) — Vice Chairman
- Former: Chris Schilken (2021) — Past Executive Di
- Former: Dewayne Hibbert (2021) — Board Member
- Former: Maddie Engen (2021) — Board Member
- Former: Monica Jurgens (2021) — Board Member
Data from IRS Form 990 filings, 2021–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $149K, to Christopher Clifton (Executive Di).
Frequently asked questions about Watertown Development Company
How much does Watertown Development Company give each year?
Watertown Development Company gave $28K across 3 grants in 2025, according to its 2025 IRS Form 990. In 2024 it gave $128K across 3 grants.
What is Watertown Development Company's typical grant size?
Watertown Development Company's median grant in 2025 was $6,000, and its average grant was $9,458, across 3 grants on its 2025 IRS Form 990.
Where does Watertown Development Company give grants?
Watertown Development Company gives mostly in South Dakota: 100% of the grant dollars itemized on its 2025 IRS Form 990 went to recipients there. The most frequent recipient cities were Watertown, SD (2 grants).
Does Watertown Development Company give general operating support?
Not in 2025: none of the 3 grants with a stated purpose on Watertown Development Company's 2025 IRS Form 990 were described as general or operating support.
How large is Watertown Development Company?
Watertown Development Company reported $23.1M in total assets on its 2025 IRS Form 990. Its revenue that year was $2.4M.
What is Watertown Development Company's EIN?
Watertown Development Company's EIN (Employer Identification Number) is 46-6012194. IRS Form 990 filing data is available on this page for 2021–2025.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(3)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2023 (received by the IRS June 11, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS June 13, 2025)
- Added Form 990 for fiscal year 2025 (received by the IRS June 12, 2026)
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