Civic Intelligence

Sioux Falls Development Foundation Inc

990 • Fiscal year 2020 • EIN 46-0243934

Oct 01, 2019 to Sep 30, 2020 • Filed on Jul 28, 2021

Organization Profilewww.siouxfallsdevelopment.com
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

46th percentile

0.26x

Higher debt load relative to assets than 46% of similar nonprofits.

2020 filings • 501(c)6 • $25M-$50M nonprofits • Source year 2020

Liabilities / Revenue

95th percentile

3.86x

Higher debt load relative to revenue than 95% of similar nonprofits.

2020 filings • 501(c)6 • $25M-$50M nonprofits • Source year 2020

Net Margin

93rd percentile

40%

Higher net margin than 93% of similar nonprofits.

2020 filings • 501(c)6 • $25M-$50M nonprofits • Source year 2020

Top Officer Pay

18th percentile

$242,064

Higher top officer pay than 18% of similar nonprofits.

Top officer pay equals 7.6% of source-year revenue.

2020 filings • 501(c)6 • $25M-$50M nonprofits • Source year 2020

Asset Growth

70th percentile

9.8%

Faster asset growth than 70% of similar nonprofits.

2020 filings • 501(c)6 • $25M-$50M nonprofits • Annualized from 2019 to 2020

Revenue Growth

88th percentile

14%

Faster revenue growth than 88% of similar nonprofits.

2020 filings • 501(c)6 • $25M-$50M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets46th percentile

Assets

Up

$47,396,022

Up $4,218,460 (+9.8%) from 2019

Net Assets

Up

$35,036,554

Up $8,737,694 (+33%) from 2019

Liabilities

Down

$12,359,468

Down $4,519,234 (-27%) from 2019

Revenue And Expenses
Liabilities / Revenue95th percentileNet Margin93rd percentile

Revenue

Up

$3,201,901

Up $386,667 (+14%) from 2019

Expenses

Down

$1,926,973

Down $48,715 (-2.5%) from 2019

Net Income

Up

$1,274,928

Up $435,382 (+52%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth70th percentile

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

2020

Assets$47,396,022
Liabilities$12,359,468
Net Assets$35,036,554
Open 2020 Filing

Operations Trend

Revenue Growth88th percentile

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

2020

Revenue$3,201,901
Expenses$1,926,973
Net Income$1,274,928
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2019 to Sep 30, 2020
Signed
Jul 28, 2021
Return Version
2019v5.2
Gross Receipts
$8,568,709
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$36,261,314$33,255,320▼ $3,005,994
Investments Program Related$2,873,050$2,835,816▼ $37,234
Savings and Temporary Cash Investments$247,032$265,371▲ $18,339
Accounts Receivable$304,803$238,296▼ $66,507
Land, Buildings, and Equipment, Net$62,203$109,894▲ $47,691
Prepaid Expenses and Deferred Charges$21,087$3,166▼ $17,921
Total Assets$43,177,562$47,396,022▲ $4,218,460
Other Assets Total$3,408,073$10,688,159▲ $7,280,086
Liabilities
Mortgage Notes Payable Secured by Investment Property$14,865,829$10,422,579▼ $4,443,250
Other Liabilities$1,423,913$1,067,733▼ $356,180
Accounts Payable and Accrued Expenses$555,460$792,256▲ $236,796
Deferred Revenue$33,500$76,900▲ $43,400
Total Liabilities$16,878,702$12,359,468▼ $4,519,234
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$21,038,276$22,313,204▲ $1,274,928
Net Assets With Donor Restrictions$5,260,584$12,723,350▲ $7,462,766
Total Net Assets Fund Balance$26,298,860$35,036,554▲ $8,737,694
Total Liabilities and Net Assets / Fund Balance$43,177,562$47,396,022▲ $4,218,460

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$81,784$55,941$137,725
Leasehold Improvements$28,110$11,297$39,407
Investment Program Related Org$2,223,350--
Other Assets Org$25,000--
Compensation and Service Providers
Top Officer Pay18th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Bob MundtPresident & CEOFT$173,242$68,822$242,064
Dean DziedzicVice President - Economic DevFT$160,382$18,244$178,626

Board Members and Trustees

NameTitle
Todd ErnstChair
Pat CostelloChair-Elect
Jay RasmussenPast Chair
Cory BuckVice President - Finance
Betty OldenkampDirector
Bob ThimjonDirector
Dr Brett BradfieldDirector
Jeff FiegenDirector
Kent CutlerDirector
Michelle LavelleeDirector
Mike VanBuskirkDirector
Pam HannemanDirector
Paul HansonDirector
Ryan BoscheDirector
Sean ErvinDirector
Steve KolbeckDirector
Steve WatsonDirector
Tim McCarthyDirector
Tom KelleyDirector
Kira KimballDirector (as of Jan 2020)
Steve StatzDirector (until Jan 2020)
Kurt LoudenbackSecretary
Holly BrunickTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Davenport Evans Hurwitz & SmithLegal Services206 W 14th St, Sioux Falls, SD 57104$112,323
Sayre AssociatesEngineering216 S Duluth Ave, Sioux Falls, SD 57104$104,801
Revenue and Support

Revenue Composition

Contributions and Grants
$545,735
Program Service Revenue
$974,769
Investment Income
$1,028
Other Revenue
$1,680,369
Change in Net Assets
$1,274,928

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,201,901
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$8,080
Total Revenue per Audited Statements
$3,209,981
Total Revenue per Form 990
$3,201,901
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,103,625
Other Expenses$822,848
Grants and Similar Amounts Paid$500
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees---$481,695
Other Salaries and Wages---$462,907
Fees for Services Other---$178,876
Advertising---$164,926
Occupancy---$76,128
Other Employee Benefits---$67,436
Payroll Taxes---$61,748
Interest---$59,871
Conferences and Meetings---$41,881
All Other Expenses---$36,509
Pension Plan Contributions---$29,839
Information Technology---$26,528
Office Expenses---$26,482
Insurance---$14,400
Depreciation Depletion---$13,888
Travel---$13,198
Other Expenses---$2,423
Grants to Domestic Orgs---$500
Total Functional Expenses$0$0$0$1,926,973

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,935,053
Expenses per Audited Statements$1,926,973
Total Expenses per Form 990$1,926,973
Expenses Not Reported on Form 990$8,080
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$1,067,733
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 35% controlled entity
No
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. Compensation for the Vice President is determined by the President. Determined of compensation for both positions includes an annual performance review and comparability data. The process is undertaken annually.”

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.”

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
2021-07-28
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
17
Volunteers
24

Preparer

Firm
Eide Bailly LLP
Address
200 E 10th St Ste 500, Sioux Falls, SD 57104-6375
Preparer
Laurie Hanson CPA
Phone
6053391999
Supplemental Narrative

Additional Explanations

Form 990, Part XI, line 9:

“Change in SDBTC Investment -37,234.”

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.”

Raw XML AppendixShowing 400 of 627 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0555460
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0792256
IRS990/AccountsReceivableGrp/BOYAmt0304803
IRS990/AccountsReceivableGrp/EOYAmt0238296
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0TO COLLABORATIVELY CREATE QUALITY ECONOMIC GROWTH AND WORKFORCE DEVELOPMENT IN SIOUX FALLS.
IRS990/AdvertisingGrp/TotalAmt0164926
IRS990/AllOtherExpensesGrp/TotalAmt036509
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0Bob Mundt
IRS990/BooksInCareOfDetail/PhoneNum06053390103
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0200 North Phillips Ave Ste 101
IRS990/BooksInCareOfDetail/USAddress/CityNm0SIOUX FALLS
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0SD
IRS990/BooksInCareOfDetail/USAddress/ZIPCd057101
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt02
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0481695
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd01
IRS990/CompensationProcessOtherInd00
IRS990/ConferencesMeetingsGrp/TotalAmt041881
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/ContractorCompensationGrp/CompensationAmt0112323
IRS990/ContractorCompensationGrp/CompensationAmt1104801
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt0206 W 14th St
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt1216 S Duluth Ave
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm0Sioux Falls
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm1Sioux Falls
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd0SD
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd1SD
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd057104
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd157104
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt0Davenport Evans Hurwitz & Smith
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt1Sayre Associates
IRS990/ContractorCompensationGrp/ServicesDesc0Legal Services
IRS990/ContractorCompensationGrp/ServicesDesc1Engineering
IRS990/CostOfGoodsSoldAmt05366808
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0545735
IRS990/CYGrantsAndSimilarPaidAmt0500
IRS990/CYInvestmentIncomeAmt01028
IRS990/CYOtherExpensesAmt0822848
IRS990/CYOtherRevenueAmt01680369
IRS990/CYProgramServiceRevenueAmt0974769
IRS990/CYRevenuesLessExpensesAmt01274928
IRS990/CYSalariesCompEmpBnftPaidAmt01103625
IRS990/CYTotalExpensesAmt01926973
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt03201901
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DeferredRevenueGrp/BOYAmt033500
IRS990/DeferredRevenueGrp/EOYAmt076900
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/TotalAmt013888
IRS990/Desc0The Sioux Falls Development Foundation seeks to promote the general welfare of the City of Sioux Falls, SD and the surrounding community by fostering business and employment. This purpose was achieved in 2019 through the sale of 80 acres of industrial park land to new and existing businesses along with workforce development activities that reached 4,925 potential employees and 145 prospective employers.
IRS990/DescribedInSection501c3Ind00
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/DonorRestrictionNetAssetsGrp/BOYAmt05260584
IRS990/DonorRestrictionNetAssetsGrp/EOYAmt012723350
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd01
IRS990/EmployeeCnt017
IRS990/EmploymentTaxReturnsFiledInd01
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesOtherGrp/TotalAmt0178876
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt060.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt150.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt245.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt32.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt42.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt52.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt62.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt72.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt81.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt91.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt101.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt111.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt121.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt131.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt141.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt151.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt161.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt171.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt181.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt191.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt201.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt211.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt221.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt231.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt241.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd9X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd10X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd11X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd12X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd13X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd14X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd15X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd16X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd17X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd18X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd19X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd20X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd21X
IRS990/Form990PartVIISectionAGrp/KeyEmployeeInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OfficerInd5X
IRS990/Form990PartVIISectionAGrp/OfficerInd6X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt048822
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt118243
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/OtherCompensationAmt230
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt240
IRS990/Form990PartVIISectionAGrp/PersonNm0Bob Mundt
IRS990/Form990PartVIISectionAGrp/PersonNm1Dean Dziedzic
IRS990/Form990PartVIISectionAGrp/PersonNm2Cory Buck
IRS990/Form990PartVIISectionAGrp/PersonNm3Jay Rasmussen
IRS990/Form990PartVIISectionAGrp/PersonNm4Todd Ernst
IRS990/Form990PartVIISectionAGrp/PersonNm5Pat Costello
IRS990/Form990PartVIISectionAGrp/PersonNm6Kurt Loudenback
IRS990/Form990PartVIISectionAGrp/PersonNm7Holly Brunick
IRS990/Form990PartVIISectionAGrp/PersonNm8Ryan Bosche
IRS990/Form990PartVIISectionAGrp/PersonNm9Dr Brett Bradfield
IRS990/Form990PartVIISectionAGrp/PersonNm10Kent Cutler
IRS990/Form990PartVIISectionAGrp/PersonNm11Sean Ervin
IRS990/Form990PartVIISectionAGrp/PersonNm12Jeff Fiegen
IRS990/Form990PartVIISectionAGrp/PersonNm13Pam Hanneman
IRS990/Form990PartVIISectionAGrp/PersonNm14Paul Hanson
IRS990/Form990PartVIISectionAGrp/PersonNm15Tom Kelley
IRS990/Form990PartVIISectionAGrp/PersonNm16Steve Kolbeck
IRS990/Form990PartVIISectionAGrp/PersonNm17Michelle Lavellee
IRS990/Form990PartVIISectionAGrp/PersonNm18Tim McCarthy
IRS990/Form990PartVIISectionAGrp/PersonNm19Betty Oldenkamp
IRS990/Form990PartVIISectionAGrp/PersonNm20Kira Kimball
IRS990/Form990PartVIISectionAGrp/PersonNm21Mike VanBuskirk
IRS990/Form990PartVIISectionAGrp/PersonNm22Steve Watson
IRS990/Form990PartVIISectionAGrp/PersonNm23Bob Thimjon
IRS990/Form990PartVIISectionAGrp/PersonNm24Steve Statz
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt0193242
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt1160382
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/ReportableCompFromOrgAmt230
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt240
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/ReportableCompFromRltdOrgAmt230
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt240
IRS990/Form990PartVIISectionAGrp/TitleTxt0President & CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt1Vice President - Economic Dev
IRS990/Form990PartVIISectionAGrp/TitleTxt2Vice President - Finance
IRS990/Form990PartVIISectionAGrp/TitleTxt3Past Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt4Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt5Chair-Elect
IRS990/Form990PartVIISectionAGrp/TitleTxt6Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt7Treasurer
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 (as of Jan 2020)
IRS990/Form990PartVIISectionAGrp/TitleTxt21Director
IRS990/Form990PartVIISectionAGrp/TitleTxt22Director
IRS990/Form990PartVIISectionAGrp/TitleTxt23Director
IRS990/Form990PartVIISectionAGrp/TitleTxt24Director (until Jan 2020)
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01954
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt021
IRS990/GovernmentGrantsAmt0374301
IRS990/GrantsToDomesticOrgsGrp/TotalAmt0500
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt08568709
IRS990/GrossRentsGrp/RealAmt096645
IRS990/GrossSalesOfInventoryAmt06925772
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt021
IRS990/IndivRcvdGreaterThan100KCnt02
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InformationTechnologyGrp/TotalAmt026528
IRS990/InsuranceGrp/TotalAmt014400
IRS990/InterestGrp/TotalAmt059871
IRS990/InventoriesForSaleOrUseGrp/BOYAmt036261314
IRS990/InventoriesForSaleOrUseGrp/EOYAmt033255320
IRS990/InvestmentIncomeGrp/ExclusionAmt01028
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt01028
IRS990/InvestmentInJointVentureInd01
IRS990/InvestmentsProgramRelatedGrp/BOYAmt02873050
IRS990/InvestmentsProgramRelatedGrp/EOYAmt02835816
IRS990/IRPDocumentCnt018
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt067238
IRS990/LandBldgEquipBasisNetGrp/BOYAmt062203
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0109894
IRS990/LandBldgEquipCostOrOtherBssAmt0177132
IRS990/LegalDomicileStateCd0SD
IRS990/LessRentalExpensesGrp/RealAmt00
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembershipDuesAmt0171434
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/BOYAmt014865829
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt010422579
IRS990/NetAssetsOrFundBalancesBOYAmt026298860
IRS990/NetAssetsOrFundBalancesEOYAmt035036554
IRS990/NetIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt01558964
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt01558964
IRS990/NetRentalIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt096645
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt096645
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt07500000
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt021038276
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt022313204
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/TotalAmt076128
IRS990/OfficeExpensesGrp/TotalAmt026482
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt03408073
IRS990/OtherAssetsTotalGrp/EOYAmt010688159
IRS990/OtherChangesInNetAssetsAmt0-37234
IRS990/OtherEmployeeBenefitsGrp/TotalAmt067436
IRS990/OtherExpensesGrp/Desc0Real Estate Taxes
IRS990/OtherExpensesGrp/Desc1Dues & Subscriptions
IRS990/OtherExpensesGrp/TotalAmt0167738
IRS990/OtherExpensesGrp/TotalAmt12423
IRS990/OtherLiabilitiesGrp/BOYAmt01423913
IRS990/OtherLiabilitiesGrp/EOYAmt01067733
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0Miscellaneous Revenue
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt024760
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt024760
IRS990/OtherRevenueTotalAmt024760
IRS990/OtherSalariesAndWagesGrp/TotalAmt0462907
IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/TotalAmt061748
IRS990/PensionPlanContributionsGrp/TotalAmt029839
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt021087
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt03166
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/RelatedOrExemptFuncIncomeAmt0848078
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1116691
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt210000
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0848078
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1116691
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt210000
IRS990/ProgSrvcAccomActy2Grp/Desc0Partners with various organizations to assist new and existing business, market our community and foster emerging industries, promote international trade services office for the State of South Dakota.
IRS990/ProgSrvcAccomActy3Grp/Desc0The organization places a strong emphasis on workforce development.
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0489884
IRS990/PYGrantsAndSimilarPaidAmt0100
IRS990/PYInvestmentIncomeAmt01576
IRS990/PYOtherExpensesAmt0800821
IRS990/PYOtherRevenueAmt01326523
IRS990/PYProgramServiceRevenueAmt0997251
IRS990/PYRevenuesLessExpensesAmt0839546
IRS990/PYSalariesCompEmpBnftPaidAmt01174767
IRS990/PYTotalExpensesAmt01975688
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02815234
IRS990/ReconcilationRevenueExpnssAmt01274928
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd01
IRS990/RentalIncomeOrLossGrp/RealAmt096645
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd01
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0247032

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$47,396,022
Liabilities
$12,359,468
Net assets
$35,036,554
Revenue
$3,201,901
Expenses
$1,926,973
Net income
$1,274,928
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