Civic Intelligence

Sioux Falls Development Foundation Inc

990 • Fiscal year 2023 • EIN 46-0243934

Oct 01, 2022 to Sep 30, 2023 • Filed on Jul 26, 2024

Organization Profilewww.siouxfallsdevelopment.com
200 North Phillips Ave 301Sioux Falls, SD 57101

(605) 339-0103

Siviq Scores

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

Liabilities / Assets

47th percentile

0.31x

Higher debt load relative to assets than 47% of similar nonprofits.

2023 filings • 501(c)6 • $50M-$100M nonprofits • Source year 2023

Liabilities / Revenue

87th percentile

1.59x

Higher debt load relative to revenue than 87% of similar nonprofits.

2023 filings • 501(c)6 • $50M-$100M nonprofits • Source year 2023

Net Margin

97th percentile

83%

Higher net margin than 97% of similar nonprofits.

2023 filings • 501(c)6 • $50M-$100M nonprofits • Source year 2023

Top Officer Pay

11th percentile

$283,332

Higher top officer pay than 11% of similar nonprofits.

Top officer pay equals 1.7% of source-year revenue.

2023 filings • 501(c)6 • $50M-$100M nonprofits • Source year 2023

Asset Growth

87th percentile

32%

Faster asset growth than 87% of similar nonprofits.

2023 filings • 501(c)6 • $50M-$100M nonprofits • Annualized from 2022 to 2023

Revenue Growth

89th percentile

75%

Faster revenue growth than 89% of similar nonprofits.

2023 filings • 501(c)6 • $50M-$100M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets47th percentile

Assets

Up

$87,105,498

Up $20,902,867 (+32%) from 2022

Net Assets

Up

$60,340,243

Up $14,353,035 (+31%) from 2022

Liabilities

Up

$26,765,255

Up $6,549,832 (+32%) from 2022

Revenue And Expenses
Liabilities / Revenue87th percentileNet Margin97th percentile

Revenue

Up

$16,811,116

Up $7,194,682 (+75%) from 2022

Expenses

Up

$2,831,082

Up $683,390 (+32%) from 2022

Net Income

Up

$13,980,034

Up $6,511,292 (+87%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth87th 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

2023

Assets$87,105,498
Liabilities$26,765,255
Net Assets$60,340,243
Open 2023 Filing

Operations Trend

Revenue Growth89th 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

2023

Revenue$16,811,116
Expenses$2,831,082
Net Income$13,980,034
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2022 to Sep 30, 2023
Signed
Jul 26, 2024
Return Version
2022v5.0
Gross Receipts
$23,949,132
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$41,469,700$47,963,141▲ $6,493,441
Pledges and Grants Receivable$10,421,086$15,944,464▲ $5,523,378
Savings and Temporary Cash Investments$10,964,619$9,885,353▼ $1,079,266
Investments in Publicly Traded Securities-$5,211,088-
Accounts Receivable$8,057$4,198,458▲ $4,190,401
Investments Program Related$2,442,870$3,009,442▲ $566,572
Land, Buildings, and Equipment, Net$88,416$58,356▼ $30,060
Prepaid Expenses and Deferred Charges$198,919$21,822▼ $177,097
Total Assets$66,202,631$87,105,498▲ $20,902,867
Other Assets Total$608,964$813,374▲ $204,410
Liabilities
Mortgage Notes Payable Secured by Investment Property$11,321,729$19,012,709▲ $7,690,980
Other Liabilities$1,880,813$3,107,403▲ $1,226,590
Deferred Revenue$3,125,419$3,044,169▼ $81,250
Accounts Payable and Accrued Expenses$3,887,462$1,600,974▼ $2,286,488
Total Liabilities$20,215,423$26,765,255▲ $6,549,832
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$43,114,157$56,840,176▲ $13,726,019
Net Assets With Donor Restrictions$2,873,051$3,500,067▲ $627,016
Total Net Assets Fund Balance$45,987,208$60,340,243▲ $14,353,035
Total Liabilities and Net Assets / Fund Balance$66,202,631$87,105,498▲ $20,902,867

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$30,631$149,691$180,322
Leasehold Improvements$27,725$16,026$43,751
Compensation and Service Providers
Top Officer Pay11th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Bob MundtPresident & CEOFT$202,684$82,823$285,507
Dean DziedzicVice President - EconomicFT$160,518$47,134$207,652
Cory BuckVice President - FinanceFT$108,317$37,710$146,027
Denise GuzzettaVice President - WorkforceFT$126,494$17,859$144,353

Board Members and Trustees

NameTitle
Steve KolbeckChair
Ryan BoscheeChair-Elect
Kurt LoudenbackPast Chair
Al SpencerDirector
Clark MeyerDirector
Clint AckermanDirector
David LinkDirector
Dr Brett BradfieldDirector
Jeff FiegenDirector
Julie LauttDirector
Karla SantiDirector
Keith SeversonDirector
Kira KimballDirector
Randy KnechtDirector
Steve WatsonDirector
Tony NourDirector
Chris EkstrumDirector From 01/01/23
Raquel BlountDirector From 01/01/23
Tim McCarthyDirector Until 12/31/22
Kent CutlerSecretary
Clark MeyerTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
John Riley Construction IncConstructionPO BOX 535, Morris, MN 56267$5,496,216
Runge Enterprises IncConstruction4801 N Velocity Ave, Sioux Falls, SD 57104$4,765,060
Sayre AssociatesEngineering216 S Duluth Ave, Sioux Falls, SD 57104$552,061
Davenport Evans Hurwitz & SmithLegalPO Box 1030, Sioux Falls, SD 57101$212,835
Metro Construction IncConstruction27308 Ponderosa Dr, Tea, SD 57064$162,470
Revenue and Support

Revenue Composition

Contributions and Grants
$13,219,473
Program Service Revenue
$68,471
Investment Income
$297,677
Other Revenue
$3,225,495
All Other Contributions
$428,250
Change in Net Assets
$13,980,034

Audited Revenue Reconciliation

Revenue per Audited Statements
$16,661,116
Revenue Not Reported on Financial Statements
$150,000
Revenue Not Reported on Form 990
$538,771
Other Revenue Adjustments
$150,000
Total Revenue per Audited Statements
$17,199,887
Total Revenue per Form 990
$16,811,116
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,256,771
Other Expenses$1,119,973
Grants and Similar Amounts Paid$454,338
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees---$644,234
Other Salaries and Wages---$477,795
Grants to Domestic Orgs---$454,338
Fees for Services Other---$109,349
Occupancy---$78,551
Payroll Taxes---$77,983
Information Technology---$58,034
Fees for Services Legal---$54,519
Depreciation Depletion---$39,766
Pension Plan Contributions---$37,187
Fees for Services Accounting---$33,816
Conferences and Meetings---$22,834
Insurance---$22,774
Other Employee Benefits---$19,572
Office Expenses---$12,740
Other Expenses---$11,689
Interest---$5,567
Travel---$5,069
Advertising---$3,333
All Other Expenses---$2,035
Total Functional Expenses$0$0$0$2,831,082

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$2,846,352
Expenses per Audited Statements$2,831,082
Total Expenses per Form 990$2,831,082
Expenses Not Reported on Form 990$15,270
Expenses Not Reported on Financial Statements$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
SF Indy Group LLCWest Farg, NDOtherInfrastructure Improvement$453,838
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$2,874,793
Operating lease liability$192,610
Deferred Compensation$40,000
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
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, line 1A

“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 301, Sioux Falls, SD 57101

Signing Officer

Name
Cory Buck
Title
CFO
Phone
6052740478
Signed
2024-07-26
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Bob Mundt
Formed
1954
Legal Domicile
Sd
Voting Board Members
20
Independent Board Members
20
Employees
17
Volunteers
20

Preparer

Firm
Eide Bailly LLP
Address
345 N Reid Pl Ste 400, Sioux Falls, SD 57103-7034
Preparer
Laurie Hanson CPA
Phone
6053391999
Supplemental Narrative

Additional Explanations

Form 990, Part XI, line 9:

“Change in SDBTC Investment 566,571. Restricted contribution for inventory purchase -150,000.”

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.”

Part XI, Line 2D - Other Adjustments:

“Revenue from FADC 500. Change in SDBTC Investment 566,571. Rental Expense 15,270.”

Part XI, Line 4B - Other Adjustments:

“Restricted contribution 150,000.”

Part XII, Line 2D - Other Adjustments:

“Rental Expense 15,270.”

Raw XML AppendixShowing 400 of 666 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.

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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 2022 through the sale of 66.2 acres of industrial park land to new and existing businesses along with workforce development activities that reached 22,000 potential employees and 141 prospective employers.
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IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd20X
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/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
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/OtherCompensationAmt2154648
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt2237710
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt2328628
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt2417859
IRS990/Form990PartVIISectionAGrp/PersonNm0Kurt Loudenback
IRS990/Form990PartVIISectionAGrp/PersonNm1Steve Kolbeck
IRS990/Form990PartVIISectionAGrp/PersonNm2Kent Cutler
IRS990/Form990PartVIISectionAGrp/PersonNm3Clark Meyer
IRS990/Form990PartVIISectionAGrp/PersonNm4Ryan Boschee
IRS990/Form990PartVIISectionAGrp/PersonNm5Clint Ackerman
IRS990/Form990PartVIISectionAGrp/PersonNm6Dr Brett Bradfield
IRS990/Form990PartVIISectionAGrp/PersonNm7Chris Ekstrum
IRS990/Form990PartVIISectionAGrp/PersonNm8Jeff Fiegen
IRS990/Form990PartVIISectionAGrp/PersonNm9Kira Kimball
IRS990/Form990PartVIISectionAGrp/PersonNm10Randy Knecht
IRS990/Form990PartVIISectionAGrp/PersonNm11Julie Lautt
IRS990/Form990PartVIISectionAGrp/PersonNm12David Link
IRS990/Form990PartVIISectionAGrp/PersonNm13Clark Meyer
IRS990/Form990PartVIISectionAGrp/PersonNm14Tony Nour
IRS990/Form990PartVIISectionAGrp/PersonNm15Karla Santi
IRS990/Form990PartVIISectionAGrp/PersonNm16Keith Severson
IRS990/Form990PartVIISectionAGrp/PersonNm17Al Spencer
IRS990/Form990PartVIISectionAGrp/PersonNm18Steve Watson
IRS990/Form990PartVIISectionAGrp/PersonNm19Raquel Blount
IRS990/Form990PartVIISectionAGrp/PersonNm20Tim McCarthy
IRS990/Form990PartVIISectionAGrp/PersonNm21Bob Mundt
IRS990/Form990PartVIISectionAGrp/PersonNm22Cory Buck
IRS990/Form990PartVIISectionAGrp/PersonNm23Dean Dziedzic
IRS990/Form990PartVIISectionAGrp/PersonNm24Denise Guzzetta
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
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/ReportableCompFromOrgAmt21228684
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt22108317
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt23177718
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt24126494
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/TitleTxt0Past Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt1Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt2Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt3Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt4Chair-Elect
IRS990/Form990PartVIISectionAGrp/TitleTxt5Director
IRS990/Form990PartVIISectionAGrp/TitleTxt6Director
IRS990/Form990PartVIISectionAGrp/TitleTxt7Director From 01/01/23
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 From 01/01/23
IRS990/Form990PartVIISectionAGrp/TitleTxt20Director Until 12/31/22
IRS990/Form990PartVIISectionAGrp/TitleTxt21President & CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt22Vice President - Finance
IRS990/Form990PartVIISectionAGrp/TitleTxt23Vice President - Economic
IRS990/Form990PartVIISectionAGrp/TitleTxt24Vice President - Workforce
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01954
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt020
IRS990/GovernmentGrantsAmt012652058
IRS990/GrantsToDomesticOrgsGrp/TotalAmt0454338
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt023949132
IRS990/GrossRentsGrp/RealAmt021665
IRS990/GrossSalesOfInventoryAmt010340895
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt020
IRS990/IndivRcvdGreaterThan100KCnt04
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InformationTechnologyGrp/TotalAmt058034
IRS990/InsuranceGrp/TotalAmt022774
IRS990/InterestGrp/TotalAmt05567
IRS990/InventoriesForSaleOrUseGrp/BOYAmt041469700
IRS990/InventoriesForSaleOrUseGrp/EOYAmt047963141
IRS990/InvestmentIncomeGrp/ExclusionAmt0297677
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0297677
IRS990/InvestmentInJointVentureInd01
IRS990/InvestmentsProgramRelatedGrp/BOYAmt02442870
IRS990/InvestmentsProgramRelatedGrp/EOYAmt03009442
IRS990/InvestmentsPubTradedSecGrp/EOYAmt05211088
IRS990/IRPDocumentCnt011
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0165717
IRS990/LandBldgEquipBasisNetGrp/BOYAmt088416
IRS990/LandBldgEquipBasisNetGrp/EOYAmt058356
IRS990/LandBldgEquipCostOrOtherBssAmt0224073
IRS990/LegalDomicileStateCd0SD
IRS990/LessRentalExpensesGrp/RealAmt015270
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembershipDuesAmt0139165
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/BOYAmt011321729
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt019012709
IRS990/NetAssetsOrFundBalancesBOYAmt045987208
IRS990/NetAssetsOrFundBalancesEOYAmt060340243
IRS990/NetIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt03218149
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt03218149
IRS990/NetRentalIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt06395
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt06395
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-43570
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt043114157
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt056840176
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/TotalAmt078551
IRS990/OfficeExpensesGrp/TotalAmt012740
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0608964
IRS990/OtherAssetsTotalGrp/EOYAmt0813374
IRS990/OtherChangesInNetAssetsAmt0416571
IRS990/OtherEmployeeBenefitsGrp/TotalAmt019572
IRS990/OtherExpensesGrp/Desc0Program Expenses
IRS990/OtherExpensesGrp/Desc1Real Estate Taxes
IRS990/OtherExpensesGrp/Desc2BNSF Railroad Fee
IRS990/OtherExpensesGrp/Desc3Miscellaneous Expenses
IRS990/OtherExpensesGrp/TotalAmt0439414
IRS990/OtherExpensesGrp/TotalAmt1192008
IRS990/OtherExpensesGrp/TotalAmt228475
IRS990/OtherExpensesGrp/TotalAmt311689
IRS990/OtherLiabilitiesGrp/BOYAmt01880813
IRS990/OtherLiabilitiesGrp/EOYAmt03107403
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0Miscellaneous Revenue
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0951
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0951
IRS990/OtherRevenueTotalAmt0951
IRS990/OtherSalariesAndWagesGrp/TotalAmt0477795
IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/TotalAmt077983
IRS990/PensionPlanContributionsGrp/TotalAmt037187
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt010421086
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt015944464
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0198919
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt021822
IRS990/PrincipalOfficerNm0Bob Mundt
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1561000
IRS990/ProgramServiceRevenueGrp/Desc0Workforce Development
IRS990/ProgramServiceRevenueGrp/Desc1Management Fee
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt044089
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt124382

Document Assets

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$87,105,498
Liabilities
$26,765,255
Net assets
$60,340,243
Revenue
$16,811,116
Expenses
$2,831,082
Net income
$13,980,034
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