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EIN 46-0243934

Sioux Falls Development Foundation

IRS 501(c) type
501(c)(6)
Num. employees
17
City
Sioux Falls
State
South Dakota
Year formed
1954
Most recent tax filings
2024-09-01
NTEE code, primary
S31: Urban, Community Economic Development
Description
The Sioux Falls Development Foundation is a development corporation that facilitates the attraction of new businesses, the retention and expansion of existing firms and the formation of new companies.
Total revenues
$21,589,603
2024
Total expenses
$19,011,806
2024
Total assets
$99,337,297
2024
Num. employees
17
2024

Program areas at Sioux Falls Development Foundation

The Sioux Falls Development Foundation seeks to promote the general welfare of the city of Sioux Falls, sd and the surrounding community by fostering buisness and employment. This prupose was achieved in 2023 through the sale of 142 acres of land to new and existing businesses along with workforce Development activities that reached 21,000 potential employees and 259 prospective employers.
The organization places a strong emphasis on workforce Development.
Partners 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.

Grants made by Sioux Falls Development Foundation

GranteeGrant descriptionAmount
Lutheran Social Services of South DakotaChildcare Grant$139,989
Helpline CenterChildcare Grant$84,409
Startup Sioux FallsChildcare Grant$70,821
...and 1 more grant made

Personnel at Sioux Falls Development Foundation

NameTitleCompensation
Bob MundtPresident and Chief Executive Officer$241,167
Cory BuckChief Financial Officer$153,667
Dean DziedzicVice President - Economic$192,295
Karen RuhlandDirector of Research , Membership and Communications
Leah BlomDirector of Marketing and Digital Media
...and 1 more key personnel

Financials for Sioux Falls Development Foundation

RevenuesFYE 09/2024
Total grants, contributions, etc.$20,529,444
Program services$189,145
Investment income and dividends$871,061
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$21,758
Net gain from sale of non-inventory assets$-21,805
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$21,589,603

Form 990s for Sioux Falls Development Foundation

Fiscal year endingDate received by IRSFormPDF link
2024-092025-02-03990View PDF
2023-092024-07-29990View PDF
2022-092023-07-14990View PDF
2021-092022-06-09990View PDF
2020-092021-08-04990View PDF
...and 11 more Form 990s
Data update history
September 23, 2024
Posted financials
Added Form 990 for fiscal year 2023
September 22, 2024
Used new vendors
Identified 2 new vendors, including , and
May 19, 2024
Received grants
Identified 1 new grant, including a grant for $112,520 from Dakota Business Finance
August 25, 2023
Posted financials
Added Form 990 for fiscal year 2022
August 22, 2023
Updated personnel
Identified 7 new personnel
Nonprofit Types
Grantmaking organizationsPublic sector nonprofitsBusiness and community development organizations
Issues
Community improvementEconomic development
Characteristics
State / local levelReceives government funding
General information
Address
200 N Phillips 301
Sioux Falls, SD 57104
Metro area
Sioux Falls, SD
County
Minnehaha County, SD
Website URL
siouxfallsdevelopment.com/ 
Phone
(605) 339-0103
Facebook page
LCEDAMCEDA 
IRS details
EIN
46-0243934
Fiscal year end
September
Taxreturn type
Form 990
Year formed
1954
Eligible to receive tax-deductible contributions (Pub 78)
No
Categorization
NTEE code, primary
S31: Urban, Community Economic Development
NAICS code, primary
926110: Economic Development Corporations and Economic Program Organizations
Parent/child status
Independent
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