Civic Intelligence

Enterprise 605 Inc

EIN 81-2776110 • 501(c)6 • Aberdeen, SD

Profile

Promoting the interests and economic development of the state of south dakota by fostering entrepreneurship opportunities and expansion of businesses and supporting growth and development of business concerns in south dakota through education, informing public opinion germane to economic development in south dakota, an internship program focused on economic development, and providing financial support to south dakota businesses or businesses who plan to do business in south dakota.

401 South Main Street Suite 212Aberdeen, SD 57401
Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

5th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)6 • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

6th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)6 • $5M-$10M nonprofits • Source year 2024

Net Margin

1st percentile

-167%

Higher net margin than 1% of similar nonprofits.

501(c)6 • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

32nd percentile

1.2%

Faster asset growth than 32% of similar nonprofits.

501(c)6 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Revenue Growth

6th percentile

-24%

Faster revenue growth than 6% of similar nonprofits.

501(c)6 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets5th percentile

Assets

Up

$6,891,105

Up $79,826 (+1.2%) from 2023

Liabilities

Flat

$0

Flat from 2023

Net Assets

Up

$6,891,105

Up $79,826 (+1.2%) from 2023

Operations
Liabilities / Revenue6th percentileNet Margin1st percentile

Revenue

Down

$7,731

Down $2,503 (-24%) from 2023

Expenses

Down

$20,652

Down $2,114 (-9.3%) from 2023

Net Income

Down

-$12,921

Down $389 (-3.1%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth32nd percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$10M$5.0M$0Assets 2016: $5,984,904Liabilities 2016: $0Net Assets 2016: $5,984,9042016Assets 2017: $5,977,042Liabilities 2017: $0Net Assets 2017: $5,977,0422017Assets 2018: $8,766,308Liabilities 2018: $0Net Assets 2018: $8,766,3082018Assets 2019: $7,203,482Liabilities 2019: $8,219Net Assets 2019: $7,195,2632019Assets 2020: $7,468,748Liabilities 2020: $0Net Assets 2020: $7,468,7482020Assets 2021: $7,947,537Liabilities 2021: $0Net Assets 2021: $7,947,5372021Assets 2022: $7,588,499Liabilities 2022: $0Net Assets 2022: $7,588,4992022Assets 2023: $6,811,279Liabilities 2023: $0Net Assets 2023: $6,811,2792023Assets 2024: $6,891,105Liabilities 2024: $0Net Assets 2024: $6,891,1052024

Highlighted filing

2024

Assets$6,891,105
Liabilities$0
Net Assets$6,891,105
Open 2024 Filing

Operations Trend

Revenue Growth6th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$8.0M$6.0M$4.0M$2.0M$0-$2.0MRevenue 2016: $6,003,134Expenses 2016: $18,230Net Income 2016: $5,984,9042016Revenue 2017: $9,183Expenses 2017: $17,045Net Income 2017: -$7,8622017Revenue 2018: $3,017,401Expenses 2018: $12,180Net Income 2018: $3,005,2212018Revenue 2019: $18,351Expenses 2019: $1,520,818Net Income 2019: -$1,502,4672019Revenue 2020: $4,626Expenses 2020: $16,332Net Income 2020: -$11,7062020Revenue 2021: $17,296Expenses 2021: $29,833Net Income 2021: -$12,5372021Revenue 2022: $5,798Expenses 2022: $19,000Net Income 2022: -$13,2022022Revenue 2023: $10,234Expenses 2023: $22,766Net Income 2023: -$12,5322023Revenue 2024: $7,731Expenses 2024: $20,652Net Income 2024: -$12,9212024

Highlighted filing

2024

Revenue$7,731
Expenses$20,652
Net Income-$12,921
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$6,891,105
Liabilities
$0
Net assets
$6,891,105
Revenue
$7,731
Expenses
$20,652
Net income
-$12,921
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.89$0.00$6.89$0.01$0.02$0.01
2023Detailed filing. Detailed filing data is available for this year.$6.81$0.00$6.81$0.01$0.02$0.01
2022Detailed filing. Detailed filing data is available for this year.$7.59$0.00$7.59$0.01$0.02$0.01
2021Detailed filing. Detailed filing data is available for this year.$7.95$0.00$7.95$0.02$0.03$0.01
2020Detailed filing. Detailed filing data is available for this year.$7.47$0.00$7.47$0.00$0.02$0.01
2019Detailed filing. Detailed filing data is available for this year.$7.20$0.01$7.20$0.02$1.52$1.50
2018Detailed filing. Detailed filing data is available for this year.$8.77$0.00$8.77$3.02$0.01$3.01
2017Detailed filing. Detailed filing data is available for this year.$5.98$0.00$5.98$0.01$0.02$0.01
2016Summary only. Only limited summary data is available for this year.$5.98$0.00$5.98$6.00$0.02$5.98
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Sep 4, 2025
Return Version
2024v5.0
Gross Receipts
$7,731
Mission and Program Overview

Mission

Promoting the interests and economic development of the state of south dakota by fostering entrepreneurship opportunities and expansion of businesses and supporting growth and development of business concerns in south dakota through education, informing public opinion germane to economic development in south dakota, an internship program focused on economic development, and providing financial support to south dakota businesses or businesses who plan to do business in south dakota.

Promoting the interests and economic development of the state of south dakota by fostering entrepreneurship opportunities and expansion of business and supporting the growth and development of business concerns through education, informing public opinion germane to economic development in south dakota, operating an internship program focused on economic development, and providing financial support to south dakota businesses or businesses who plan to do business in south dakota.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Program Related$5,017,294$5,554,848▲ $537,554
Savings and Temporary Cash Investments$1,725,506$1,298,467▼ $427,039
Investments in Publicly Traded Securities$68,479$37,790▼ $30,689
Total Assets$6,811,279$6,891,105▲ $79,826
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets With Donor Restrictions$6,031,460$6,124,207▲ $92,747
Net Assets Without Donor Restrictions$779,819$766,898▼ $12,921
Total Net Assets Fund Balance$6,811,279$6,891,105▲ $79,826
Total Liabilities and Net Assets / Fund Balance$6,811,279$6,891,105▲ $79,826

Asset Categories

AssetBook ValueDepreciationBasis
Investment Program Related Org$125,000--
Compensation and Service Providers
Top Officer PayScore unavailable

Board Members and Trustees

NameTitle
Robert FoubergPresident
Dana DykhouseBoard Member
David ChicoineBoard Member
David EmeryBoard Member
David LinkVice Pres/se
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$7,391
Other Revenue
$340
Change in Net Assets
$-12,921

Audited Revenue Reconciliation

Revenue per Audited Statements
$7,731
Revenue Not Reported on Form 990
$92,747
Total Revenue per Audited Statements
$100,478
Total Revenue per Form 990
$7,731
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$20,652
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Accounting---$16,179
Insurance---$3,913
Other Expenses---$448
Office Expenses---$112
Total Functional Expenses$0$0$0$20,652

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$20,652
Total Expenses per Audited Statements$20,652
Total Expenses per Form 990$20,652
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
No
Annual disclosure for covered persons
Yes
Audit committee
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
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 6

“There is one class of members. A member shall be a representative of the business community in south dakota and have an interest in promoting economic development in south dakota. Total member shall be no less than 5 or more than 10.”

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

“The 990 tax return was reviewed by the president and the outside certified public accountant, and then submitted to the full board for their review and approval.”

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

“Monitor through disclosure document and discussion at a board meeting”

Form 990, Page 6, Part VI, Line 19

“UPON WRITTEN REQUEST”

Filing and Contact Details

Filer

Filer Name
Enterprise 605 Inc
EIN
81-2776110
Phone
6052254850
Address
401 SOUTH MAIN STREET SUITE 212, ABERDEEN, SD 57401

Signing Officer

Name
Robert Fouberg
Title
President
Phone
6052254850
Signed
2025-09-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Robert Fouberg
Formed
2016
Legal Domicile
Sd
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
5

Preparer

Firm
Ketel Thorstenson Llp
Address
PO BOX 3140, RAPID CITY, SD 57709-3140
Preparer
Traci Hanson CPA
Phone
6053425630
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“Promoting the interests and economic development of the state of south dakota by fostering entrepreneurship opportunities and expansion of business and supporting the growth and development of business concerns through education, informing public opinion germane to economic development in south dakota, operating an internship program focused on economic development, and providing financial support to south dakota businesses or businesses who plan to do business in south dakota.”

Financial Statement Notes

Schedule D, Page 3, Part X

“At december 31, 2024, the corporation believes there are no material uncertain tax positions or liabilities, or interest and penalties associated with material uncertain tax positions.”

Raw XML Appendix275 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
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IRS990/Form990PartVIISectionAGrp/PersonNm1DAVID LINK
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IRS990/Form990PartVIISectionAGrp/PersonNm3DAVID EMERY
IRS990/Form990PartVIISectionAGrp/PersonNm4DAVID CHICOINE
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
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IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRES/SE
IRS990/Form990PartVIISectionAGrp/TitleTxt2BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt3BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt4BOARD MEMBER
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr02016
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
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IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt05
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
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IRS990/GroupReturnForAffiliatesInd0false
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IRS990/IndoorTanningServicesInd0false
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IRS990/InsuranceGrp/TotalAmt03913
IRS990/InvestmentIncomeGrp/ExclusionAmt07391
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IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsProgramRelatedGrp/BOYAmt05017294
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IRS990/MinutesOfCommitteesInd0true
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0AT DECEMBER 31, 2024, THE CORPORATION BELIEVES THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS OR LIABILITIES, OR INTEREST AND PENALTIES ASSOCIATED WITH MATERIAL UNCERTAIN TAX POSITIONS.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0PROMOTING THE INTERESTS AND ECONOMIC DEVELOPMENT OF THE STATE OF SOUTH DAKOTA BY FOSTERING ENTREPRENEURSHIP OPPORTUNITIES AND EXPANSION OF BUSINESS AND SUPPORTING THE GROWTH AND DEVELOPMENT OF BUSINESS CONCERNS THROUGH EDUCATION, INFORMING PUBLIC OPINION GERMANE TO ECONOMIC DEVELOPMENT IN SOUTH DAKOTA, OPERATING AN INTERNSHIP PROGRAM FOCUSED ON ECONOMIC DEVELOPMENT, AND PROVIDING FINANCIAL SUPPORT TO SOUTH DAKOTA BUSINESSES OR BUSINESSES WHO PLAN TO DO BUSINESS IN SOUTH DAKOTA.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THERE IS ONE CLASS OF MEMBERS. A MEMBER SHALL BE A REPRESENTATIVE OF THE BUSINESS COMMUNITY IN SOUTH DAKOTA AND HAVE AN INTEREST IN PROMOTING ECONOMIC DEVELOPMENT IN SOUTH DAKOTA. TOTAL MEMBER SHALL BE NO LESS THAN 5 OR MORE THAN 10.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE 990 TAX RETURN WAS REVIEWED BY THE PRESIDENT AND THE OUTSIDE CERTIFIED PUBLIC ACCOUNTANT, AND THEN SUBMITTED TO THE FULL BOARD FOR THEIR REVIEW AND APPROVAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3MONITOR THROUGH DISCLOSURE DOCUMENT AND DISCUSSION AT A BOARD MEETING
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4UPON WRITTEN REQUEST
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/TotalLiabilitiesGrp/BOYAmt00
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IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt06811279
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IRS990/TotalRevenueGrp/ExclusionAmt07391
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0340
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt07731
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IRS990/TypeOfOrganizationCorpInd0X
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ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0ROBERT FOUBERG
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum06052254850
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-09-04
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ENTERPRISE 605 INC
ReturnHeader/Filer/BusinessNameControlTxt0ENTE
ReturnHeader/Filer/EIN0812776110
ReturnHeader/Filer/PhoneNum06052254850
ReturnHeader/Filer/USAddress/AddressLine1Txt0401 SOUTH MAIN STREET SUITE 212
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0460257538
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0KETEL THORSTENSON LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 3140
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0RAPID CITY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0SD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0577093140
ReturnHeader/PreparerPersonGrp/PhoneNum06053425630
ReturnHeader/PreparerPersonGrp/PreparationDt02025-09-04
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0TRACI HANSON CPA
ReturnHeader/ReturnTs02025-09-04T19:12:07-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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