Civic Intelligence

South Dakota Development Corporation

990 • Fiscal year 2020 • EIN 46-0404566

Jan 01, 2020 to Dec 31, 2020 • Filed on Sep 15, 2021

Organization ProfileN/A
2329 N Career Ave Ste 217Sioux Falls, SD 57107

(605) 275-1504

Siviq Scores

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

Liabilities / Assets

63rd percentile

0.04x

Higher debt load relative to assets than 63% of similar nonprofits.

2020 filings • 501(c)6 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

63rd percentile

0.04x

Higher debt load relative to revenue than 63% of similar nonprofits.

2020 filings • 501(c)6 • <$500k nonprofits • Source year 2020

Net Margin

6th percentile

-101%

Higher net margin than 6% of similar nonprofits.

2020 filings • 501(c)6 • <$500k nonprofits • Source year 2020

Top Officer Pay

96th percentile

$109,230

Higher top officer pay than 96% of similar nonprofits.

Top officer pay equals 53.4% of source-year revenue.

2020 filings • 501(c)6 • <$500k nonprofits • Source year 2020

Asset Growth

5th percentile

-52%

Faster asset growth than 5% of similar nonprofits.

2020 filings • 501(c)6 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

98th percentile

94%

Faster revenue growth than 98% of similar nonprofits.

2020 filings • 501(c)6 • <$500k nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets63rd percentile

Assets

Down

$201,610

Down $220,302 (-52%) from 2019

Net Assets

Down

$193,777

Down $205,482 (-51%) from 2019

Liabilities

Down

$7,833

Down $14,820 (-65%) from 2019

Revenue And Expenses
Liabilities / Revenue63rd percentileNet Margin6th percentile

Revenue

Up

$204,440

Up $99,178 (+94%) from 2019

Expenses

Up

$409,922

Up $94,115 (+30%) from 2019

Net Income

Up

-$205,482

Up $5,063 (+2.4%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth5th percentile

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

$20M$15M$10M$5.0M$0-$5.0MAssets 2011: $16,345,917Liabilities 2011: $0Net Assets 2011: $16,345,9172011Assets 2012: $16,564,651Liabilities 2012: $0Net Assets 2012: $16,564,6512012Assets 2013: $16,695,828Liabilities 2013: $0Net Assets 2013: $16,695,8282013Assets 2014: $14,918,384Liabilities 2014: $0Net Assets 2014: $14,918,3842014Assets 2015: $14,991,064Liabilities 2015: $0Net Assets 2015: $14,991,0642015Assets 2016: $13,451,285Liabilities 2016: $0Net Assets 2016: $13,451,2852016Assets 2017: $13,885,370Liabilities 2017: $0Net Assets 2017: $13,885,3702017Assets 2018: $613,464Liabilities 2018: $3,660Net Assets 2018: $609,8042018Assets 2019: $421,912Liabilities 2019: $22,653Net Assets 2019: $399,2592019Assets 2020: $201,610Liabilities 2020: $7,833Net Assets 2020: $193,7772020Assets 2021: $70,437Liabilities 2021: $103,149Net Assets 2021: -$32,7122021Assets 2022: $115,137Liabilities 2022: $275,130Net Assets 2022: -$159,9932022Assets 2023: $182,348Liabilities 2023: $252,620Net Assets 2023: -$70,2722023Assets 2024: $213,301Liabilities 2024: $383,773Net Assets 2024: -$170,4722024

Highlighted filing

2020

Assets$201,610
Liabilities$7,833
Net Assets$193,777
Open 2020 Filing

Operations Trend

Revenue Growth98th percentile

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

$20M$10M$0-$10M-$20MExpenses 2011: $687,2532011Expenses 2012: $2,597,6772012Revenue 2013: $2,446,960Expenses 2013: $442,335Net Income 2013: $2,004,6252013Revenue 2014: $435,631Expenses 2014: $213,075Net Income 2014: $222,5562014Revenue 2015: $276,827Expenses 2015: $204,147Net Income 2015: $72,6802015Revenue 2016: $1,611,705Expenses 2016: $3,151,484Net Income 2016: -$1,539,7792016Revenue 2017: $380,588Expenses 2017: $148,846Net Income 2017: $231,7422017Revenue 2018: $141,740Expenses 2018: $13,417,306Net Income 2018: -$13,275,5662018Revenue 2019: $105,262Expenses 2019: $315,807Net Income 2019: -$210,5452019Revenue 2020: $204,440Expenses 2020: $409,922Net Income 2020: -$205,4822020Revenue 2021: $274,179Expenses 2021: $500,668Net Income 2021: -$226,4892021Revenue 2022: $433,578Expenses 2022: $560,859Net Income 2022: -$127,2812022Revenue 2023: $640,183Expenses 2023: $550,462Net Income 2023: $89,7212023Revenue 2024: $505,928Expenses 2024: $606,128Net Income 2024: -$100,2002024

Highlighted filing

2020

Revenue$204,440
Expenses$409,922
Net Income-$205,482
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Sep 15, 2021
Return Version
2020v4.0
Gross Receipts
$204,440
Mission and Program Overview

Mission

Economic development loans to help businesses start up and expand in south dakota.

The principle objective of the corporaiton shall be to benefit the state of south dakota by fostering increased employment opportunities and expansion of business and industry for the citizens of this state.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$367,968$166,977▼ $200,991
Land, Buildings, and Equipment, Net$38,168$27,004▼ $11,164
Prepaid Expenses and Deferred Charges$9,013$7,629▼ $1,384
Accounts Receivable$6,763--
Total Assets$421,912$201,610▼ $220,302
Liabilities
Accounts Payable and Accrued Expenses$22,653$7,833▼ $14,820
Total Liabilities$22,653$7,833▼ $14,820
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$399,259$193,777▼ $205,482
Total Net Assets Fund Balance$399,259$193,777▼ $205,482
Total Liabilities and Net Assets / Fund Balance$421,912$201,610▼ $220,302

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$19,671$19,858$39,529
Other Land Buildings$7,333$3,667$11,000
Compensation and Service Providers
Top Officer Pay96th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Jennifer ObergExecutive DiFT$109,230$109,230
Brent HeinertDirector-$200$200
Brooke RollagDirector-$200$200
Dan KolbergDirector-$200$200
David MunsonVice Chairma-$200$200
John SchrammJohn Schramm-$200$200
Michelle MaloneyDirector-$200$200
Randy SnydersSecretary-$200$200
Fred RomkemaDirector-$100$100

Board Members and Trustees

NameTitle
Russel OlsonChairman
Julie JohnsonDirector
Luke TibbetsDirector
Terry SabersDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$201,790
Investment Income
$2,650
Other Revenue
$0
Change in Net Assets
$-205,482
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$245,143
Other Expenses$164,779
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees---$109,230
Other Salaries and Wages---$108,331
Fees for Services Legal---$37,616
Other Expenses---$26,692
Fees for Services Other---$25,000
Payroll Taxes---$17,569
Fees for Services Accounting---$17,561
Occupancy---$14,053
Insurance---$13,109
Depreciation Depletion---$11,164
Other Employee Benefits---$10,013
Advertising---$9,715
Office Expenses---$6,108
Travel---$3,093
Conferences and Meetings---$668
Total Functional Expenses$0$0$0$409,922
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
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Backup withholding compliance
No
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
No
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, Page 6, Part VI, Line 8B

“The organization does not have committees that have the broad authority to act on its behalf.”

Form 990, Page 6, Part VI, Line 11B

“A copy of form 990 is provided to the board for review and approval prior to filing.”

Form 990, Page 6, Part VI, Line 12C

“Directors, employees and consultants of the organization are required to act ethically and exhibit good character. Conflicts are determined based on each transaction discussed by the board. For example, a board member is asked to disclose any potential conflicts on each loan or investment that is presented to the board. Conflicts are reviewed at the board level. After a conflict is deemed to exist, the individual(s) involved must abstain from the discussion and any action related to the issue. The directors are required to sign a statement annually disclosng conflicts as part of the annual report.”

Form 990, Page 6, Part VI, Line 19

“The governing documents, conflict of interest policy, and financial statements are available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
South Dakota Development
EIN
46-0404566
Phone
6052751504
Address
2329 N CAREER AVE STE 217, SIOUX FALLS, SD 57107

Signing Officer

Name
Jennifer Oberg
Title
Executive Director
Phone
6052751504
Signed
2021-09-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jennifer Oberg
Formed
1983
Legal Domicile
Sd
Voting Board Members
15
Independent Board Members
15
Employees
4

Preparer

Firm
Elo Prof LLC
Address
6300 SOUTH OLD VILLAGE PLACE SUITE, SIOUX FALLS, SD 57108
Preparer
Matthew J Mueller CPA
Phone
6052711302
Raw XML Appendix342 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/AccountantCompileOrReviewInd0true
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt022653
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt07833
IRS990/AccountsReceivableGrp/BOYAmt06763
IRS990/AcctCompileOrReviewBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0THE PRINCIPLE OBJECTIVE OF THE CORPORAITON SHALL BE TO BENEFIT THE STATE OF SOUTH DAKOTA BY FOSTERING INCREASED EMPLOYMENT OPPORTUNITIES AND EXPANSION OF BUSINESS AND INDUSTRY FOR THE CITIZENS OF THIS STATE.
IRS990/AdvertisingGrp/TotalAmt09715
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/BackupWthldComplianceInd0false
IRS990/BooksInCareOfDetail/PersonNm0JENNIFER OBERG
IRS990/BooksInCareOfDetail/PhoneNum06052751504
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt02329 N CAREER AVE SUITE 204
IRS990/BooksInCareOfDetail/USAddress/CityNm0SIOUX FALLS
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0SD
IRS990/BooksInCareOfDetail/USAddress/ZIPCd057107
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0109230
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0false
IRS990/CompensationProcessOtherInd0false
IRS990/ConferencesMeetingsGrp/TotalAmt0668
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt02650
IRS990/CYOtherExpensesAmt0164779
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt0201790
IRS990/CYRevenuesLessExpensesAmt0-205482
IRS990/CYSalariesCompEmpBnftPaidAmt0245143
IRS990/CYTotalExpensesAmt0409922
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0204440
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/TotalAmt011164
IRS990/Desc0SOUTH DAKOTA DEVELOPMENT CORPORATION FURTHERS THE ECONOMIC DEVELOPMENT AND SOCIAL WELFARE OF THE STATE OF SOUTH DAKOTA BY PROMOTING AND ASSISTING THE GROWTH AND DEVELOPMENT OF BUSINESS CONCERNS IN SOUTH DAKOTA, INCLUDING SMALL BUSINESS.
IRS990/DescribedInSection501c3Ind0false
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt04
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/TotalAmt017561
IRS990/FeesForServicesLegalGrp/TotalAmt037616
IRS990/FeesForServicesOtherGrp/TotalAmt025000
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt040.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt13.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt23.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt33.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt43.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt53.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt63.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt73.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt83.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt93.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt103.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt113.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt123.00
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/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
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/PersonNm0JENNIFER OBERG
IRS990/Form990PartVIISectionAGrp/PersonNm1BRENT HEINERT
IRS990/Form990PartVIISectionAGrp/PersonNm2DAN KOLBERG
IRS990/Form990PartVIISectionAGrp/PersonNm3MICHELLE MALONEY
IRS990/Form990PartVIISectionAGrp/PersonNm4DAVID MUNSON
IRS990/Form990PartVIISectionAGrp/PersonNm5BROOKE ROLLAG
IRS990/Form990PartVIISectionAGrp/PersonNm6JOHN SCHRAMM
IRS990/Form990PartVIISectionAGrp/PersonNm7RANDY SNYDERS
IRS990/Form990PartVIISectionAGrp/PersonNm8FRED ROMKEMA
IRS990/Form990PartVIISectionAGrp/PersonNm9JULIE JOHNSON
IRS990/Form990PartVIISectionAGrp/PersonNm10RUSSEL OLSON
IRS990/Form990PartVIISectionAGrp/PersonNm11TERRY SABERS
IRS990/Form990PartVIISectionAGrp/PersonNm12LUKE TIBBETS
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt0109230
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt1200
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt2200
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt3200
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt4200
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt5200
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt6200
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt7200
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt8100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
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/TitleTxt0EXECUTIVE DI
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4VICE CHAIRMA
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6JOHN SCHRAMM
IRS990/Form990PartVIISectionAGrp/TitleTxt7SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr01983
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt015
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0204440
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt015
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/TotalAmt013109
IRS990/InvestmentIncomeGrp/ExclusionAmt02650
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt02650
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt03
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt023525
IRS990/LandBldgEquipBasisNetGrp/BOYAmt038168
IRS990/LandBldgEquipBasisNetGrp/EOYAmt027004
IRS990/LandBldgEquipCostOrOtherBssAmt050529
IRS990/LegalDomicileStateCd0SD
IRS990/LoanOutstandingInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0false
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0THE PRINCIPLE OBJECTIVE OF THE CORPORAITON SHALL BE TO BENEFIT THE STATE OF SOUTH DAKOTA BY FOSTERING INCREASED EMPLOYMENT OPPORTUNITIES AND EXPANSION OF BUSINESS AND INDUSTRY FOR THE CITIZENS OF THIS STATE.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt0399259
IRS990/NetAssetsOrFundBalancesEOYAmt0193777
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0399259
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0193777
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt014053
IRS990/OfficeExpensesGrp/TotalAmt06108
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherEmployeeBenefitsGrp/TotalAmt010013
IRS990/OtherExpensesGrp/Desc0DUES AND FEES
IRS990/OtherExpensesGrp/TotalAmt026692
IRS990/OtherSalariesAndWagesGrp/TotalAmt0108331
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/TotalAmt017569
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt09013
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt07629
IRS990/PrincipalOfficerNm0JENNIFER OBERG
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/Desc0FEE INCOME
IRS990/ProgramServiceRevenueGrp/Desc1OTHER INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0187959
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt113831
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0187959
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt113831
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt0350
IRS990/PYInvestmentIncomeAmt06030
IRS990/PYOtherExpensesAmt0150596
IRS990/PYProgramServiceRevenueAmt099232
IRS990/PYRevenuesLessExpensesAmt0-210545
IRS990/PYSalariesCompEmpBnftPaidAmt0164861
IRS990/PYTotalExpensesAmt0315807
IRS990/PYTotalRevenueAmt0105262
IRS990/ReconcilationRevenueExpnssAmt0-205482
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0367968
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0166977
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt019671
IRS990ScheduleD/EquipmentGrp/DepreciationAmt019858
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt039529
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt07333
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt03667
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt011000
IRS990ScheduleD/TotalBookValueLandBuildingsAmt027004
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION DOES NOT HAVE COMMITTEES THAT HAVE THE BROAD AUTHORITY TO ACT ON ITS BEHALF.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A COPY OF FORM 990 IS PROVIDED TO THE BOARD FOR REVIEW AND APPROVAL PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DIRECTORS, EMPLOYEES AND CONSULTANTS OF THE ORGANIZATION ARE REQUIRED TO ACT ETHICALLY AND EXHIBIT GOOD CHARACTER. CONFLICTS ARE DETERMINED BASED ON EACH TRANSACTION DISCUSSED BY THE BOARD. FOR EXAMPLE, A BOARD MEMBER IS ASKED TO DISCLOSE ANY POTENTIAL CONFLICTS ON EACH LOAN OR INVESTMENT THAT IS PRESENTED TO THE BOARD. CONFLICTS ARE REVIEWED AT THE BOARD LEVEL. AFTER A CONFLICT IS DEEMED TO EXIST, THE INDIVIDUAL(S) INVOLVED MUST ABSTAIN FROM THE DISCUSSION AND ANY ACTION RELATED TO THE ISSUE. THE DIRECTORS ARE REQUIRED TO SIGN A STATEMENT ANNUALLY DISCLOSNG CONFLICTS AS PART OF THE ANNUAL REPORT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0421912
IRS990/TotalAssetsEOYAmt0201610
IRS990/TotalAssetsGrp/BOYAmt0421912
IRS990/TotalAssetsGrp/EOYAmt0201610
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt04
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0409922
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt022653
IRS990/TotalLiabilitiesEOYAmt07833
IRS990/TotalLiabilitiesGrp/BOYAmt022653
IRS990/TotalLiabilitiesGrp/EOYAmt07833
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0399259
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0193777
IRS990/TotalProgramServiceRevenueAmt0201790
IRS990/TotalReportableCompFromOrgAmt0110730
IRS990/TotalRevenueGrp/ExclusionAmt02650
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0201790
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0204440
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0421912
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0201610
IRS990/TravelGrp/TotalAmt03093
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt02329 N CAREER AVE SUITE 204
IRS990/USAddress/CityNm0SIOUX FALLS
IRS990/USAddress/StateAbbreviationCd0SD
IRS990/USAddress/ZIPCd057107
IRS990/VotingMembersGoverningBodyCnt015
IRS990/VotingMembersIndependentCnt015
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JENNIFER OBERG
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum06052751504
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-09-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SOUTH DAKOTA DEVELOPMENT
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0CORPORATION
ReturnHeader/Filer/BusinessNameControlTxt0SOUT
ReturnHeader/Filer/EIN0460404566
ReturnHeader/Filer/PhoneNum06052751504
ReturnHeader/Filer/USAddress/AddressLine1Txt02329 N CAREER AVE STE 217
ReturnHeader/Filer/USAddress/CityNm0SIOUX FALLS
ReturnHeader/Filer/USAddress/StateAbbreviationCd0SD
ReturnHeader/Filer/USAddress/ZIPCd057107
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0460434947
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0ELO PROF LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt06300 SOUTH OLD VILLAGE PLACE SUITE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0SIOUX FALLS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0SD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd057108
ReturnHeader/PreparerPersonGrp/PhoneNum06052711302
ReturnHeader/PreparerPersonGrp/PreparationDt02021-09-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MATTHEW J MUELLER CPA
ReturnHeader/ReturnTs02021-09-21T10:10:09-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0JENNIFER
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0OBERG
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

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
$201,610
Liabilities
$7,833
Net assets
$193,777
Revenue
$204,440
Expenses
$409,922
Net income
-$205,482
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.21$0.38$0.17$0.51$0.61$0.10
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.18$0.25$0.07$0.64$0.55$0.09
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.12$0.28$0.16$0.43$0.56$0.13
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.07$0.10$0.03$0.27$0.50$0.23
2020Detailed filing. Detailed filing data is available for this year.$0.20$0.01$0.19$0.20$0.41$0.21
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.42$0.02$0.40$0.11$0.32$0.21
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.61$0.00$0.61$0.14$13.4$13.3
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$13.9$0.00$13.9$0.38$0.15$0.23
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$13.5$0.00$13.5$1.61$3.15$1.54
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$15.0$0.00$15.0$0.28$0.20$0.07
2014Detailed filing. Detailed filing data is available for this year.$14.9$0.00$14.9$0.44$0.21$0.22
2013Detailed filing. Detailed filing data is available for this year.$16.7$0.00$16.7$2.45$0.44$2.00
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$16.6$0.00$16.6$2.60
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$16.3$0.00$16.3$0.69