Civic Intelligence

Sioux Falls Development Foundation Inc

990 • Fiscal year 2019 • EIN 46-0243934

Oct 01, 2018 to Sep 30, 2019 • Filed on Aug 04, 2020

200 North Phillips Ave No 101Sioux Falls, SD 57101

(605) 339-0103

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

58th percentile

0.39x

Higher debt load relative to assets than 58% of similar nonprofits.

2019 filings • 501(c)6 • $25M-$50M nonprofits • Source year 2019

Liabilities / Revenue

98th percentile

6.00x

Higher debt load relative to revenue than 98% of similar nonprofits.

2019 filings • 501(c)6 • $25M-$50M nonprofits • Source year 2019

Net Margin

89th percentile

30%

Higher net margin than 89% of similar nonprofits.

2019 filings • 501(c)6 • $25M-$50M nonprofits • Source year 2019

Top Officer Pay

12th percentile

$209,927

Higher top officer pay than 12% of similar nonprofits.

Top officer pay equals 7.5% of source-year revenue.

2019 filings • 501(c)6 • $25M-$50M nonprofits • Source year 2019

Asset Growth

21st percentile

0.8%

Faster asset growth than 21% of similar nonprofits.

2019 filings • 501(c)6 • $25M-$50M nonprofits • Annualized from 2018 to 2019

Revenue Growth

7th percentile

-22%

Faster revenue growth than 7% of similar nonprofits.

2019 filings • 501(c)6 • $25M-$50M nonprofits • Annualized from 2018 to 2019

Assets

Up

$43,177,562

Up $353,736 (+0.8%) from 2018

Net Assets

Up

$26,298,860

Up $792,602 (+3.1%) from 2018

Liabilities

Down

$16,878,702

Down $438,866 (-2.5%) from 2018

Revenue

Down

$2,815,234

Down $792,456 (-22%) from 2018

Expenses

Up

$1,975,688

Up $110,633 (+5.9%) from 2018

Net Income

Down

$839,546

Down $903,089 (-52%) from 2018

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$150M$100M$50M$0Assets 2010: $17,005,423Liabilities 2010: $1,496,192Net Assets 2010: $15,509,2312010Assets 2011: $19,553,391Liabilities 2011: $922,722Net Assets 2011: $18,630,6692011Assets 2012: $20,071,515Liabilities 2012: $2,185,767Net Assets 2012: $17,885,7482012Assets 2013: $19,761,668Liabilities 2013: $1,962,630Net Assets 2013: $17,799,0382013Assets 2014: $18,049,099Liabilities 2014: $1,082,334Net Assets 2014: $16,966,7652014Assets 2015: $33,918,091Liabilities 2015: $12,349,327Net Assets 2015: $21,568,7642015Assets 2016: $37,584,960Liabilities 2016: $17,138,575Net Assets 2016: $20,446,3852016Assets 2017: $40,490,321Liabilities 2017: $16,650,618Net Assets 2017: $23,839,7032017Assets 2018: $42,823,826Liabilities 2018: $17,317,568Net Assets 2018: $25,506,2582018Assets 2019: $43,177,562Liabilities 2019: $16,878,702Net Assets 2019: $26,298,8602019Assets 2020: $47,396,022Liabilities 2020: $12,359,468Net Assets 2020: $35,036,5542020Assets 2021: $50,584,468Liabilities 2021: $6,550,591Net Assets 2021: $44,033,8772021Assets 2022: $66,202,631Liabilities 2022: $20,215,423Net Assets 2022: $45,987,2082022Assets 2023: $87,105,498Liabilities 2023: $26,765,255Net Assets 2023: $60,340,2432023Assets 2024: $99,337,297Liabilities 2024: $36,609,564Net Assets 2024: $62,727,7332024Assets 2025: $106,497,986Liabilities 2025: $37,221,029Net Assets 2025: $69,276,9572025

Highlighted filing

2019

Assets$43,177,562
Liabilities$16,878,702
Net Assets$26,298,860

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$30M$20M$10M$0-$10MExpenses 2010: $1,339,8202010Expenses 2011: $1,262,7192011Revenue 2012: $1,066,353Expenses 2012: $1,286,196Net Income 2012: -$219,8432012Revenue 2013: $2,111,081Expenses 2013: $1,488,024Net Income 2013: $623,0572013Revenue 2014: $1,255,385Expenses 2014: $1,362,683Net Income 2014: -$107,2982014Revenue 2015: $3,870,730Expenses 2015: $1,401,015Net Income 2015: $2,469,7152015Revenue 2016: $1,611,966Expenses 2016: $2,043,102Net Income 2016: -$431,1362016Revenue 2017: $4,820,207Expenses 2017: $1,786,831Net Income 2017: $3,033,3762017Revenue 2018: $3,607,690Expenses 2018: $1,865,055Net Income 2018: $1,742,6352018Revenue 2019: $2,815,234Expenses 2019: $1,975,688Net Income 2019: $839,5462019Revenue 2020: $3,201,901Expenses 2020: $1,926,973Net Income 2020: $1,274,9282020Revenue 2021: $7,701,176Expenses 2021: $2,269,051Net Income 2021: $5,432,1252021Revenue 2022: $9,616,434Expenses 2022: $2,147,692Net Income 2022: $7,468,7422022Revenue 2023: $16,811,116Expenses 2023: $2,831,082Net Income 2023: $13,980,0342023Revenue 2024: $21,589,603Expenses 2024: $19,011,806Net Income 2024: $2,577,7972024Revenue 2025: $9,295,738Expenses 2025: $2,635,233Net Income 2025: $6,660,5052025

Highlighted filing

2019

Revenue$2,815,234
Expenses$1,975,688
Net Income$839,546
Jump To
Filing Snapshot
Filing Period
Oct 1, 2018 to Sep 30, 2019
Signed
Aug 4, 2020
Return Version
2018v3.2
Gross Receipts
$3,687,071
Mission and Program Overview

Mission

To collaboratively create quality economic growth and workforce development in sioux falls.

Balance Sheet Detail
LineBeginningEndChange
Assets
Inventories for Sale or Use$35,948,545$36,261,314▲ $312,769
Investments Program Related$2,920,003$2,873,050▼ $46,953
Accounts Receivable$31,089$304,803▲ $273,714
Savings and Temporary Cash Investments$252,790$247,032▼ $5,758
Pledges and Grants Receivable$174,192$0▼ $174,192
Land, Buildings, and Equipment, Net$54,596$62,203▲ $7,607
Other Notes and Loans Receivable, Net$33,333$0▼ $33,333
Prepaid Expenses and Deferred Charges$18,240$21,087▲ $2,847
Total Assets$42,823,826$43,177,562▲ $353,736
Other Assets Total$3,391,038$3,408,073▲ $17,035
Liabilities
Mortgage Notes Payable Secured by Investment Property$15,220,141$14,865,829▼ $354,312
Other Liabilities$1,449,388$1,423,913▼ $25,475
Accounts Payable and Accrued Expenses$614,539$555,460▼ $59,079
Deferred Revenue$33,500$33,500→ $0
Total Liabilities$17,317,568$16,878,702▼ $438,866
Net Assets / Fund Balance
Unrestricted Net Assets$20,222,777$21,038,276▲ $815,499
Temporarily Rstr Net Assets$5,283,481$5,260,584▼ $22,897
Total Net Assets Fund Balance$25,506,258$26,298,860▲ $792,602
Total Liabilities and Net Assets / Fund Balance$42,823,826$43,177,562▲ $353,736

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$32,516$43,630$76,146
Leasehold Improvements$29,687$9,720$39,407
Investment Program Related Org$2,260,584--
Other Assets Org$25,000--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Dean DziedzicVP Economic DevelopmentFT$133,037$77,195$210,232
Bobby MundtPresident/CEOFT$97,212$15,215$112,427

Board Members and Trustees

NameTitle
Jay RasmussenChair
Todd ErnstChair - Elect
Bob ThimjonPast Chair
Betty OldenkampDirector
Dr Brett BradfieldDirector
Holly BrunickDirector
Jeff FiegenDirector
Kent CutlerDirector
Michelle LavalleeDirector
Mike Van BuskirkDirector
Pam HannemanDirector
Paul HansonDirector
Ryan BoscheeDirector
Sean ErvinDirector
Steve KolbeckDirector
Steve StatzDirector
Steve WatsonDirector
Tim MccarthyDirector
Tom KelleyDirector
Kurt LoudenbackSecretary
Pat CostelloTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Friessen Construction INCStreet Construction615 MARION RD, Sioux Falls, SD 57109$607,906
Soukup Construction INCConstructionPO BOX 89106, Sioux Falls, SD 57109$348,243
Sayre AssociatesEngineering216 SOUTH DULUTH AVENUE, Sioux Falls, SD 57104$218,530
Davenport Evans Hurwitz SmithLegal206 W 16TH ST, Sioux Falls, SD 57104$164,894
Revenue and Support

Revenue Composition

Contributions and Grants
$489,884
Program Service Revenue
$997,251
Investment Income
$1,576
Other Revenue
$1,326,523
All Other Contributions
$5,000
Change in Net Assets
$839,546

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,815,234
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$18,301
Total Revenue per Audited Statements
$2,833,535
Total Revenue per Form 990
$2,815,234
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,174,767
Other Expenses$800,821
Grants and Similar Amounts Paid$100
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$684,634
Current Officers, Directors, Trustees, and Key Employees---$286,429
Advertising---$182,327
Fees for Services Other---$144,036
Other Employee Benefits---$100,083
Payroll Taxes---$71,490
Occupancy---$70,910
Interest---$44,167
Conferences and Meetings---$43,803
All Other Expenses---$38,415
Office Expenses---$32,894
Pension Plan Contributions---$32,131
Travel---$27,155
Depreciation Depletion---$21,185
Information Technology---$18,828
Insurance---$15,768
Other Expenses---$1,406
Grants to Domestic Orgs---$100
Total Functional Expenses$0$0$0$1,975,688

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,993,980
Expenses per Audited Statements$1,975,688
Total Expenses per Form 990$1,975,688
Expenses Not Reported on Form 990$18,292
Expenses Not Reported on Financial Statements$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
In-house lobbying only
Yes
Subject to proxy tax
Yes
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Future Construction Costs-park$1,423,913
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 1

The organization has delegated authority to our executive committee consisting of the president, chair, vice chair, secretary, treasurer, and past chair. Executive committee shall transact business of an emergency nature between board meetings.

Form 990, Part VI, Section A, Line 6

Membership investment is based on the number of employees of the investing company. The minimum cost of a membership is $250 annually for 0-20 employees and the max is $3,650 annually for 901+ employees. There are some businesses that were already members when the new membership structure was implemented and remain at their original membership levels.

Form 990, Part VI, Section A, Line 7A

The members elect new board members at the annual meeting.

Form 990, Part VI, Section A, Line 8B

The executive committee does not keep written minutes of its meetings. All matters acted upon at the executive committee are brought to the board for approval, and included in the board minutes.

Form 990, Part VI, Section B, Line 11B

The president and the executive committee will review the return in detail. Upon their review, a copy of the 990 will be emailed to the board members, and it will be approved at the following board meeting. Following their approval, the 990 will be filed with the irs.

Form 990, Part VI, Section B, Line 12C

At each board meeting, the board members and ex-officio members are asked to review the agenda for possible conflicts of interest. If a conflict does exist, the board member must abstain from voting and from the discussion.

Form 990, Part VI, Section B, Line 15A

Compensation of the president is determined by the executive committee. There's a compensation committee and a written employment contract. Compensation is determined through an annual performance review and comparability data. The process was undertaken during the fiscal year.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.

Part VII - Top Financial Officer

The president/ceo, executive board and finance committee are responsible for managing the organizations finances.

Filing and Contact Details

Filer

Filer Name
Sioux Falls Development Foundation Inc
EIN
46-0243934
Phone
6053390103
Address
200 NORTH PHILLIPS AVE NO 101, SIOUX FALLS, SD 57101

Signing Officer

Name
Bob Mundt
Title
President/CEO
Phone
6053390103
Signed
2020-08-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Bob Mundt
Formed
1954
Legal Domicile
Sd
Voting Board Members
21
Independent Board Members
21
Employees
19
Volunteers
24

Preparer

Firm
Eide Bailly Llp
Address
200 E 10TH ST STE 500, SIOUX FALLS, SD 57104-6375
Preparer
Laurie Hanson
Phone
6053391999
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Change in zeal center for entrepreneurship investment -22,897. Change in corson investment -24,056.

Financial Statement Notes

PART X, LINE 2:

The foundation believes that it has appropriate support for any tax positions taken affecting its annual filing requirements, and as such, does not have any uncertain tax positions that are material to the financial statements. The foundation will recognize future accrued interest and penalties related to unrecognized tax benefits in income tax expense if incurred.

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IRS990/Form990PartVIISectionAGrp/KeyEmployeeInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt025194
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt115215
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt110
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt120
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt130
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt140
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt150
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt160
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt170
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt180
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt190
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt200
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt210
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt220
IRS990/Form990PartVIISectionAGrp/PersonNm0DEAN DZIEDZIC
IRS990/Form990PartVIISectionAGrp/PersonNm1BOBBY MUNDT
IRS990/Form990PartVIISectionAGrp/PersonNm2JAY RASMUSSEN
IRS990/Form990PartVIISectionAGrp/PersonNm3TODD ERNST
IRS990/Form990PartVIISectionAGrp/PersonNm4PAT COSTELLO
IRS990/Form990PartVIISectionAGrp/PersonNm5KURT LOUDENBACK
IRS990/Form990PartVIISectionAGrp/PersonNm6BOB THIMJON
IRS990/Form990PartVIISectionAGrp/PersonNm7STEVE STATZ
IRS990/Form990PartVIISectionAGrp/PersonNm8RYAN BOSCHEE
IRS990/Form990PartVIISectionAGrp/PersonNm9HOLLY BRUNICK
IRS990/Form990PartVIISectionAGrp/PersonNm10SEAN ERVIN
IRS990/Form990PartVIISectionAGrp/PersonNm11JEFF FIEGEN
IRS990/Form990PartVIISectionAGrp/PersonNm12PAM HANNEMAN
IRS990/Form990PartVIISectionAGrp/PersonNm13PAUL HANSON
IRS990/Form990PartVIISectionAGrp/PersonNm14STEVE WATSON
IRS990/Form990PartVIISectionAGrp/PersonNm15TOM KELLEY
IRS990/Form990PartVIISectionAGrp/PersonNm16STEVE KOLBECK
IRS990/Form990PartVIISectionAGrp/PersonNm17MICHELLE LAVALLEE
IRS990/Form990PartVIISectionAGrp/PersonNm18TIM MCCARTHY
IRS990/Form990PartVIISectionAGrp/PersonNm19BETTY OLDENKAMP
IRS990/Form990PartVIISectionAGrp/PersonNm20MIKE VAN BUSKIRK
IRS990/Form990PartVIISectionAGrp/PersonNm21DR BRETT BRADFIELD
IRS990/Form990PartVIISectionAGrp/PersonNm22KENT CUTLER
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt0184733
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt197212
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt180
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt190
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt200
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt210
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt220
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt180
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt190
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt200
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt210
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt220
IRS990/Form990PartVIISectionAGrp/TitleTxt0VP ECONOMIC DEVELOPMENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1PRESIDENT/CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt2CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt3CHAIR - ELECT
IRS990/Form990PartVIISectionAGrp/TitleTxt4TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt5SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt6PAST CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt19DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt20DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt21DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt22DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01954
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt021
IRS990/GovernmentGrantsAmt0353874
IRS990/GrantsToDomesticOrgsGrp/TotalAmt0100
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt03687071
IRS990/GrossRentsGrp/RealAmt0160985
IRS990/GrossSalesOfInventoryAmt01997724
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt021
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InformationTechnologyGrp/TotalAmt018828
IRS990/InsuranceGrp/TotalAmt015768
IRS990/InterestGrp/TotalAmt044167
IRS990/InventoriesForSaleOrUseGrp/BOYAmt035948545
IRS990/InventoriesForSaleOrUseGrp/EOYAmt036261314
IRS990/InvestmentIncomeGrp/ExclusionAmt01576
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt01576
IRS990/InvestmentInJointVentureInd01
IRS990/InvestmentsProgramRelatedGrp/BOYAmt02920003
IRS990/InvestmentsProgramRelatedGrp/EOYAmt02873050
IRS990/IRPDocumentCnt016
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt053350
IRS990/LandBldgEquipBasisNetGrp/BOYAmt054596
IRS990/LandBldgEquipBasisNetGrp/EOYAmt062203
IRS990/LandBldgEquipCostOrOtherBssAmt0115553
IRS990/LegalDomicileStateCd0SD
IRS990/LessRentalExpensesGrp/RealAmt00
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembershipDuesAmt0131010
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd00
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO COLLABORATIVELY CREATE QUALITY ECONOMIC GROWTH AND WORKFORCE DEVELOPMENT IN THE SIOUX FALLS MSA TO IMPROVE OUR QUALITY OF LIFE.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt015220141
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt014865829
IRS990/NetAssetsOrFundBalancesBOYAmt025506258
IRS990/NetAssetsOrFundBalancesEOYAmt026298860
IRS990/NetIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt01125887
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt01125887
IRS990/NetRentalIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt0160985
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt0160985
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt09
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/TotalAmt070910
IRS990/OfficeExpensesGrp/TotalAmt032894
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt03391038
IRS990/OtherAssetsTotalGrp/EOYAmt03408073
IRS990/OtherChangesInNetAssetsAmt0-46953
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0100083
IRS990/OtherExpensesGrp/Desc0REAL ESTATE TAXES
IRS990/OtherExpensesGrp/Desc1BNSF RAILROAD FEE
IRS990/OtherExpensesGrp/Desc2DUES & SUBSCRIPTIONS
IRS990/OtherExpensesGrp/Desc3UBIT EXPENSE
IRS990/OtherExpensesGrp/TotalAmt0131705
IRS990/OtherExpensesGrp/TotalAmt121598
IRS990/OtherExpensesGrp/TotalAmt26624
IRS990/OtherExpensesGrp/TotalAmt31406
IRS990/OtherLiabilitiesGrp/BOYAmt01449388
IRS990/OtherLiabilitiesGrp/EOYAmt01423913
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0MISC. REVENUE-RELATED-990
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt039651
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt039651
IRS990/OtherRevenueTotalAmt039651
IRS990/OtherSalariesAndWagesGrp/TotalAmt0684634
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt033333
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/TotalAmt071490
IRS990/PensionPlanContributionsGrp/TotalAmt032131
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0174192
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt018240
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt021087
IRS990/PrincipalOfficerNm0BOB MUNDT
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0541610
IRS990/ProgramServiceRevenueGrp/BusinessCd1561000
IRS990/ProgramServiceRevenueGrp/BusinessCd2541610
IRS990/ProgramServiceRevenueGrp/Desc0FEES FROM JOINT VENTURES
IRS990/ProgramServiceRevenueGrp/Desc1MANAGEMENT FEE
IRS990/ProgramServiceRevenueGrp/Desc2CONFERENCE REVENUE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0749256
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1220537
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt227458
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0749256
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1220537

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$106$37.2$69.3$9.30$2.64$6.66
2024Detailed filing. Detailed filing data is available for this year.$99.3$36.6$62.7$21.6$19.0$2.58
2023Detailed filing. Detailed filing data is available for this year.$87.1$26.8$60.3$16.8$2.83$14.0
2022Detailed filing. Detailed filing data is available for this year.$66.2$20.2$46.0$9.62$2.15$7.47
2021Detailed filing. Detailed filing data is available for this year.$50.6$6.55$44.0$7.70$2.27$5.43
2020Detailed filing. Detailed filing data is available for this year.$47.4$12.4$35.0$3.20$1.93$1.27
2019Detailed filing. Detailed filing data is available for this year.$43.2$16.9$26.3$2.82$1.98$0.84
2018Detailed filing. Detailed filing data is available for this year.$42.8$17.3$25.5$3.61$1.87$1.74
2017Detailed filing. Detailed filing data is available for this year.$40.5$16.7$23.8$4.82$1.79$3.03
2016Detailed filing. Detailed filing data is available for this year.$37.6$17.1$20.4$1.61$2.04$0.43
2015Detailed filing. Detailed filing data is available for this year.$33.9$12.3$21.6$3.87$1.40$2.47
2014Detailed filing. Detailed filing data is available for this year.$18.0$1.08$17.0$1.26$1.36$0.11
2013Summary only. Only limited summary data is available for this year.$19.8$1.96$17.8$2.11$1.49$0.62
2012Summary only. Only limited summary data is available for this year.$20.1$2.19$17.9$1.07$1.29$0.22
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$19.6$0.92$18.6$1.26
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$17.0$1.50$15.5$1.34