EIN 46-0243934

Sioux Falls Development Foundation

IRS 501(c) type
501(c)(6)
Num. employees
16
Year formed
1954
Most recent tax filings
2022-09-01
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
$9,616,434
2022
Total expenses
$2,147,692
2022
Total assets
$66,202,631
2022
Num. employees
16
2022

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 business and employment. This purpose was achieved in 2021 through the sale of 25.5 acres of industrial park land to new and existing businesses along with workforce development activities that reached 22,738 potential employees and 141 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
Minnehaha County Economic Development Association (MCEDA)PPP Loan Distribution$8,800
Lincoln County Economic Development AssociationPPP Loan Distribution$7,200

Personnel at Sioux Falls Development Foundation

NameTitleCompensation
Bob MundtPresident and Chief Executive Officer$204,421
Cory BuckVice President of Finance and Administration$30,812
Denise GuzzettaVice President of Talent and Workforce Development$100,578
Karen RuhlandDirector of Research , Membership and Communications
Leah BlomDirector of Marketing and Digital Media
...and 16 more key personnel

Financials for Sioux Falls Development Foundation

RevenuesFYE 09/2022
Total grants, contributions, etc.$7,876,749
Program services$988,763
Investment income and dividends$30,232
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$20,851
Net gain from sale of non-inventory assets$-748,914
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$1,322,803
Miscellaneous revenues$125,950
Total revenues$9,616,434

Form 990s for Sioux Falls Development Foundation

Fiscal year endingDate received by IRSFormPDF link
2021-092022-06-09990View PDF
2020-092021-08-04990View PDF
2019-092020-10-14990View PDF
2018-092019-10-11990View PDF
2017-092018-10-16990View PDF
...and 8 more Form 990s
Data update history
August 20, 2023
Used new vendors
Identified 1 new vendor, including
August 12, 2023
Posted financials
Added Form 990 for fiscal year 2021
August 6, 2023
Updated personnel
Identified 1 new personnel
August 2, 2023
Updated personnel
Identified 6 new personnel
May 21, 2023
Updated personnel
Identified 3 new personnel
Nonprofit Types
Public sector nonprofitsBusiness and community development organizations
Issues
Community improvementEconomic development
Characteristics
State / local levelReceives government funding
General information
Address
200 N Phillips Ave 101
Sioux Falls, SD 57101
Metro area
Sioux Falls, 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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