Overview
What is Sioux Falls Development Foundation Inc?
Sioux Falls Development Foundation Inc is a nonprofit organization situated in Sioux Falls, South Dakota, with its headquarters at 200 North Phillips Ave 101. Their primary objective is to enhance the economic growth and workforce development in the city and its surrounding community. In 2021, they accomplished this by selling 25.5 acres of industrial park land to new and existing businesses, and through workforce development activities that benefited 22,738 potential employees and 141 prospective employers. The foundation's mission is to collaboratively foster a high-quality economic environment in the Sioux Falls Metropolitan Statistical Area (MSA), aiming to improve the overall quality of life for the community. With a team of 16 dedicated individuals, the Sioux Falls Development Foundation is committed to promoting business growth and employment opportunities in the region.
Official website here: www.siouxfallsdevelopment.com
Is Sioux Falls Development Foundation Inc legitimate?
Sioux Falls Development Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. Sioux Falls Development Foundation Inc 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: $695,942
Professional Fundraising Fees: $0
Other Salaries and Wages: $477,641
For more financial information, click here
Official website here: www.siouxfallsdevelopment.com
What is the mission statement of Sioux Falls Development Foundation Inc?
The Sioux Falls Development Foundation's mission is focused on collaborative efforts to stimulate economic growth and workforce development. By doing so, they aim to enhance the overall quality of life in their operational area. The foundation achieves this goal by promoting business growth and employment opportunities, as evidenced by their 2021 accomplishments, which included selling industrial park land to businesses and engaging with 22,738 potential employees and 141 prospective employers through workforce development activities.
Official website here: www.siouxfallsdevelopment.com
What is the revenue of Sioux Falls Development Foundation Inc?
Sioux Falls Development Foundation Inc's revenue in 2024 was $21,589,603.
Official website here: www.siouxfallsdevelopment.com
Who are the executives of Sioux Falls Development Foundation Inc and what are their salaries?
The average compensation at Sioux Falls Development Foundation Inc during 2024 was $69,034. There are 17 employees and 20 volunteers at Sioux Falls Development Foundation Inc.
Here are 23 key members and their salaries:
- Compensation: $241,167
- Related: $0
- Other: $46,042
- Compensation: $192,295
- Related: $0
- Other: $24,549
- Compensation: $153,667
- Related: $0
- Other: $38,222
- Compensation: $142,154
- Related: $0
- Other: $14,630
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.siouxfallsdevelopment.com
Where can I find the form 990 for Sioux Falls Development Foundation Inc?
Sioux Falls Development Foundation Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.siouxfallsdevelopment.com
Learn more at the official website: www.siouxfallsdevelopment.com
Mission Statement of Sioux Falls Development Foundation Inc
Sioux Falls Development Foundation Inc, a collaborative organization, is dedicated to driving economic growth and workforce development in its local area. With a vision to enhance the quality of life in the community, the foundation focuses on fostering business growth and employment opportunities. In 2021, the organization demonstrated its commitment to this mission by selling 25.5 acres of industrial park land to both new and established businesses, and by engaging in workforce development activities. These activities reached out to 22,738 potential employees and 141 prospective employers, furthering the Foundation's mission to stimulate economic growth and strengthen the local workforce.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Sioux Falls Development Foundation Inc plays a crucial role in fostering economic growth and workforce development in Sioux Falls, South Dakota. In 2021, the foundation successfully sold 25.5 acres of industrial park land, which helped attract both new and existing businesses to the area. This direct contribution to local business infrastructure stimulates job creation and enhances the overall economic landscape.
Additionally, the foundation's workforce development initiatives reached an impressive 22,738 potential employees and engaged with 141 prospective employers. These efforts not only prepare the local workforce with the necessary skills but also connect them to job opportunities, thereby improving the quality of life in the Sioux Falls community. Through its collaborative approach, the foundation significantly impacts the region's economic vitality and community enhancement.
This information is meant to be a general summary of Sioux Falls Development Foundation Inc. 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 2024.
- Investment Income: $871,061
- Program Service Revenue: $189,145
- Gross Receipts: $21,628,050
Assets and Liabilities:
- Total Assets: $66,202,631
- Total Liabilities: $20,215,423
- Net Assets: $45,987,208
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MANAGEMENT FEE
Revenue
$123,694
MISCELLANEOUS OTHER REVENUE
Revenue
$44,764
WORKFORCE DEVELOPMENT
Revenue
$20,687
Organization Details
Founding Year
1954
Principal Officer
Bob Mundt
NTEE Category
Code: S31 - Community improvement
If you are a representative of Sioux Falls Development Foundation Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.