Overview
What is South Dakota Chamber Of Commerce & Industry?
The South Dakota Chamber of Commerce & Industry serves as a pioneering force, fostering a robust and thriving business environment for the betterment of all South Dakotans. Through their leadership, they encourage and nurture entrepreneurial spirit among the state's residents and students. The chamber organizes the Governor's Giant Vision Competition, inviting applications with comprehensive business plans and supporting documents. This competition brings together a panel of experienced judges who evaluate entries by category, ultimately crowning winners and awarding cash prizes. The organization's primary mission is to establish and maintain a prosperous business climate in South Dakota, ensuring the overall growth and well-being of the state's economy. With a team of 3 individuals, they strive to make a significant impact in their community.
Official website here: www.sdchamber.biz
Is South Dakota Chamber Of Commerce & Industry legitimate?
South Dakota Chamber Of Commerce & Industry is a legitimate nonprofit organization registered as a 501(c)(6) entity. South Dakota Chamber Of Commerce & Industry submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $155,842
Professional Fundraising Fees: $0
Other Salaries and Wages: $96,364
For more financial information, click here
Official website here: www.sdchamber.biz
What is the mission statement of South Dakota Chamber Of Commerce & Industry?
The South Dakota Chamber of Commerce & Industry's mission is to provide leadership, aiming to establish a thriving and prosperous business environment for the benefit of all South Dakotans. They strive to encourage and develop entrepreneurial spirit among residents and students through the Governor's Giant Vision Competition, where individuals submit business plans for evaluation and potential cash prizes. This competition fosters a platform for both students and open business competitors to present their ideas and compete for recognition.
Official website here: www.sdchamber.biz
What is the revenue of South Dakota Chamber Of Commerce & Industry?
South Dakota Chamber Of Commerce & Industry's revenue in 2023 was $510,075.
Official website here: www.sdchamber.biz
Who are the executives of South Dakota Chamber Of Commerce & Industry and what are their salaries?
The average compensation at South Dakota Chamber Of Commerce & Industry during 2023 was $84,069. There are 3 employees and 48 volunteers at South Dakota Chamber Of Commerce & Industry.
Here are 19 key members and their salaries:
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Official website here: www.sdchamber.biz
Where can I find the form 990 for South Dakota Chamber Of Commerce & Industry?
South Dakota Chamber Of Commerce & Industry's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.sdchamber.biz
Learn more at the official website: www.sdchamber.biz
Mission Statement of South Dakota Chamber Of Commerce & Industry
The South Dakota Chamber of Commerce & Industry, as a leading organization, is committed to ensuring a thriving and prosperous business environment for the benefit of all South Dakotans. Their mission is to provide leadership that fosters a dynamic and successful business climate, aiming to advance the interests of businesses and citizens alike in the state. By doing so, they aim to contribute to the overall well-being and progress of South Dakota as a whole.
In essence, the South Dakota Chamber of Commerce & Industry serves as a catalyst for fostering entrepreneurship and promoting a conducive business climate. They accomplish this through the Governor's Giant Vision Competition, an initiative designed to encourage and nurture the entrepreneurial spirit among South Dakota residents and students. This competition invites applicants to submit comprehensive business plans, with winners being selected based on their proposals and awarded cash prizes. This competition not only encourages new business ideas but also provides an opportunity for aspiring entrepreneurs to showcase their talents and receive valuable feedback. Through such initiatives, the South Dakota Chamber of Commerce & Industry plays a pivotal role in bolstering the business community and driving economic growth in the state.
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Impact
October, 2024
The South Dakota Chamber of Commerce & Industry plays a crucial role in fostering a prosperous business environment that benefits all residents of the state. By providing leadership and resources, it nurtures economic vitality and growth.
One of its key initiatives, the Governor's Giant Vision Competition, specifically aims to ignite the entrepreneurial spirit within South Dakota. This competition encourages residents and full-time students from local colleges, universities, and technical schools to submit comprehensive business plans. Participants are initially evaluated by an experienced panel, and the finalists then present their ideas in a competitive setting, fostering innovation and entrepreneurship.
Through such programs, the Chamber not only highlights the importance of entrepreneurship but also rewards creativity, hard work, and strategic thinking. The cash prizes awarded at the competition serve as both recognition and motivation, enabling winners to turn their ideas into actual businesses, thereby contributing positively to the state’s economy.
Overall, the South Dakota Chamber of Commerce & Industry is instrumental in shaping a vibrant community centered on business growth and economic development. Its efforts create opportunities for individuals and influence the overall prosperity of South Dakota.
This information is meant to be a general summary of South Dakota Chamber Of Commerce & Industry. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $872
- Program Service Revenue: $180,547
- Gross Receipts: $510,075
Assets and Liabilities:
- Total Assets: $165,082
- Total Liabilities: $199,555
- Net Assets: -$34,473
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SPONSORSHIPS
Revenue
$123,680
OTHER PROGRAM INCOME
Revenue
$31,620
ADVERTISING-LEGISLATIVE HB
Revenue
$11,888
CONFERENCE REVENUE
Revenue
$10,225
ADVERTISING-LEGISLATIVE HB
Revenue
$3,134
Organization Details
Founding Year
1937
Principal Officer
David Owen
Website
www.sdchamber.bizNTEE Category
Code: S41 - Community improvement
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